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What’s Up in the AI-Robotics World – Weekly Update

It’s been a week of bad news—a failed military coup in Turkey, a terrorist massacre in Nice and police continuing to kill of innocent blacks in the US.  In the world of uncertainty and increased need for safety, AI’s importance as reliable security tool without human errors and biases will only increase. Or will it?

Not according to Kate Crawford, a researcher at Microsoft, who found that even computer self-learning algorithms developed have been found to make mistakes. Google’s photo-app mistakenly classified black people as gorillas and Nikon’s camera software misread Asians as blinking when they weren’t. Women were also less likely than men to be shown ads on Google for highly paid jobs. Read more  2 Read more 

Nonetheless, the future AI and robotics in the workplace has growing exponentially.

The Australian arms of big four audit firms KPMG, EY, Deloitte and PwC are making a financial bet on the future by backing a new generation of artificial intelligence, machine learning, and cognitive computing into the enterprise. Read more

While Robo-advisors are making a rapid push into Asia. This trend will certainly keep financial advisors on the toes. Read more

For small and medium business owners, the latest news from the German start-up SMACC, which has secured $3.5 million to build a platform to digitize and automate accounting and financial statements, might just prove to be the cost-effective solution they’ve been looking for. Read more

And of course the biggest news of the week is Pokémon Go developed by Niantic. AI and virtual reality has given way to a more immediate and accessible world of augmented reality. This monster-themed game has taken the world by storm with people falling off cliffs and US Arlington National Cemetery banning players from the grounds. 1 Read more 2 Read more 3 Read more

Weekly update by: Mina Tenison