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Standard Chartered tests AI to size up young borrowers
Standard Chartered has been developing new underwriting models using machine learning that could help it determine creditworthiness of borrowers with minimal credit histories.The ultimate goal: to increase approval rates and eliminate bias by gender, race, age and other characteristics.The international bank has been incorporating artificial intelligence and machine learning into its business since…
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Using artificial intelligence in breast cancer screening
Every year, approximately 40 million women undergo breast-cancer screening in the U.S. using a procedure called mammography. For some, this can be a nerve-wracking experience; many wait days or weeks before a radiologist can review their scan and provide initial screening results. Between 10 and 15 percent of women must…
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Givaudan launches AI tools for product development
Givaudan Taste & Wellbeing has announced the launch of its Advanced Tools for Modelling (ATOM), which use artificial intelligence to optimize food and flavor formulation and facilitate co-creation and collaboration with customers. Aligned with the company’s 2025 strategy, the company said the tools open doors to creative development and are…
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AI tool developed to predict energy generation at windfarms
CeADAR and SSE Airtricity collaborated on the applied data and AI project, which has been rolled out at 21 windfarms in Ireland. Researchers in Ireland have developed a new system that uses AI to predict the amount of renewable energy that will be produced at windfarms. The AI tool, called…
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IT Cos Turn to Low-code Tech as Clients Seek Simpler Solutions
Interest in no-code technology rising in pandemic as cos rush to create easier apps for customers Indian IT services providers are seeing increased traction for low-code, no-code technology solutions, as clients look to build and customise their own applications. Low-code, no-code solutions are ones that do not require coding to…
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AI:10 Feb – 8th Issue
Check out 8th edition of AI:10 Weekly news on AI under 10 minutes. Artificial intelligence is impacting the future of virtually every industry and every human being. Artificial intelligence has acted as the main driver of emerging technologies like big data, blockchain, robotics and IoT. AI:10 provides a quick round-up…
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AI Needs Women, Women Need AI: Gender Equality And Women’s Leadership In The AI Sector
On the occasion of International Women's Day, UNESCO will address the issue ofthe persistence and severity of the gender gap in digital skills and the AI Sector. A panel will reflect on how to help women and girls develop strong AI skills, and will explore how to address the "ICT gender equality…
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Samsung HBM-PIM brings AI computing capabilities inside high-performance memory
Samsung announced that it has developed the industry’s first High Bandwidth Memory (HBM) integrated with artificial intelligence (AI) processing power — the HBM-PIM. The new processing-in-memory (PIM) architecture brings powerful AI computing capabilities inside high-performance memory, to accelerate large-scale processing in data centers, high performance computing (HPC) systems and AI-enabled mobile…
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Facebook Strengthens AI To Improve Detection Effect Of Harassment And Hate Speech
Facebook updated its Community Standards Implementation Report. The latter showed the effectiveness of Facebook’s battle against harassment and hate speech in the fourth quarter of 2020.The penetration rate of hate speech dropped from 0.10-0.11% to 0.07-0.08%. This means that, for every 10,000 content views, there will be only 7 to…
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AI:10 Feb – 7th Issue
Check out 7th edition of AI:10 Weekly news on AI under 10 minutes. Artificial intelligence is impacting the future of virtually every industry and every human being. Artificial intelligence has acted as the main driver of emerging technologies like big data, blockchain, robotics and IoT. AI:10 provides a quick round-up…
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