Write to us
enquiry@myfinb.com
Call us
+65 6978 4048 (SG)
+60 19-919 9149 (MY)

AI Blog

Latest news on Artificial Intelligence and its applications on the globe. 

AI tool developed to predict energy generation at windfarms

“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 FREMI (Forecasting Renewable Energy with Machine Intelligence), was developed through a partnership between applied AI centre CeADAR and SSE Airtricity.”

Read More »

AI Needs Women, Women Need AI: Gender Equality And Women’s Leadership In The AI Sector

“According to a 2019 study by the World Economic Forum, only 22% of AI professionals globally are women. Why should we be worried? A better representation of women and diverse mindsets in the development and deployment of AI would reduce the gender stereotypes and the negative consequences they lead to. If that is not the case, evidence suggests that by 2022, 85% of AI projects will deliver erroneous outcomes due to bias.”

Read More »

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 applications.”

Read More »

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 8 hate speeches. Violent content has dropped from 0.07% to 0.05%, and adult nudity has dropped from 0.05-0.06% to 0.03-0.04%.”

Read More »

Artificial intelligence uses heart tests to predict death risks

“Technology has been a great ally of medicine and can now also contribute to predicting patients’ risk of death. This is because an AI (Artificial Intelligence) algorithm developed by researchers at Geisinger, a U.S. health institution, can predict the risks of an individual’s death. The study was published in the journal Nature Biomedical Engineering on February 8.”

Read More »

People trust robots more than themselves with money

“2020 has changed our relationship with money and people now trust robots more than themselves to manage their finances, according to a new study by Oracle and personal finance expert Farnoosh Torabi.

The study of more than 9,000 consumers and business leaders in 14 countries found that the COVID-19 pandemic has increased financial anxiety, sadness, and fear among people around the world and has changed who and what we trust to manage our finances. In addition, people are rethinking the role and focus of corporate finance teams and personal financial advisors, according to the research.”

Read More »

Mathematical Models Predict the Recent Political Insurgencies and Suggest Possible Remedies to the Effect of Social Media

“Aimdyn, Inc., an Artificial Intelligence Research Company in California that uses Machine Learning Algorithms in order to make predictions based on big data has found mathematical evidence of correlations between the current large social media platforms’ structure and algorithms, and the increased frequency of political insurgencies like the BLM protests of the last summer and the recent attack on the Capitol.”

Read More »

Facial Recognition Tech Banned for Cops

“THE LOS ANGELES Police Department (LAPD) banned the use of commercial facial recognition apps in November after BuzzFeedNews reported that more than 25 LAPD employees had performed nearly 475 searches using controversial technology developed by the company Clearview Al.” Such incident, another growing public concern relating to police surveillance using facial recognition.

Read More »

By 2023, 30 ‘fully connected’ 5G factories in China will be built

“China aims to build 30 “fully connected” 5G factories in 10 key industries by 2023, as the country has fast-tracked industrial Internet development through integration with 5G technologies. Three to five industrial Internet platforms with international influence will come into being and a big data center for industrial Internet will be established by 2023, said an action plan on industrial Internet development for the next three years, which was unveiled by the Ministry of Industry and Information Technology (MIIT).”

Read More »

Scientists seek to Combating Climate Change using AI and Historical Ocean Data

“A dozen scientists from Tara Océan have sailed off the coast of Lorient, France bound for national soil under the the mission “Microbiome-Ceodos” to collect ocean data. These scientists will collaborate with the research “OceanIA”, of the French Institute of Research in Digital Sciences and Technologies (Inria) to use this data collected more than 10 years ago in the fight against climate change.”

Read More »

Factors that may affect 2021 Technology Trends

“Digital technologies such as data analytics and artificial intelligence (AI) will continue to be the backbone of business recovery. According to the Gartner CIO Agenda, information technology (IT) leaders expect an average increase of 2% in the IT budget for 2021, while boards of directors plan to increase IT and technology expenditure by an average of 6.9% across the enterprise. “

Read More »