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Yoshua Bengio Helps Launch AI Incubator, Stanford and USDE Ramp Up Smart Grid, and More – This Week in Artificial Intelligence – 10-28-16

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1 – Machine Learning Veterans Launch ‘ElementAI’ – A Montreal Based Artificial Intelligence Startup Factory

ElementAI, a Montreal-based AI incubator co-founded by Dr. Yoshua Bengio, officially launched on Monday. Co-founder and CEO Jean-Francois Gagné announced the company’s mission:

“Our mission is to bring entrepreneurs and academics together and help them incubate advanced AI-First solutions.”

The founding team also includes Co-Founder Nicolas Chapados and Real Ventures, a leading source of seed stage capital in Canada. ElementAI will serve as a hub where entrepreneurs and academic experts come together to work on solving challenges that necessitate an “AI-first” solution.

(Read the full article on Yahoo Finance)

2 – AI Program Able to Predict Human Rights Trials with 79 Percent Accuracy

Though AI will not be taking the place of human judges anytime soon, computer sciences recently tested an AI program that was able to predict the correct outcome of human rights cases 79 percent of the time. The system was trained on data from about 600 cases brought before the European Court of Human Rights (ECHR), and looked for patterns in data that correlated with the judge’s final decision. Researchers found that specific factors in the case, such as history and details, were more heavily weighted in the judge’s decisions than the legal arguments. The intent of this study, which was published in JPeer CompSci, was not to search for ways to replace human judges, but to help streamline cases filtered through the judicial system. As Dr. Nikolaos Aletras, the scientist who led the research noted, this AI system could help pinpoint more urgent cases amidst a backlog of cases that need to be prosecuted.

(Read the full article on The Verge and published paper at JPeer CompSci)

3 – Silicon Valley Startup Gets $33.5M from Intel-Led Group

Redwood City-based Paxata, a start-up working to make business analytics accessible to business executives, announced this week that it raised $33.5 million in funding from Intel Capital. Additional new investors include Microsoft Ventures, Cisco Investments, and Deutsche Telekom Capital Partners, among others. According to CEO Prakasj Nanduri, the funds will be applied toward advancing the machine learning technology that is the foundation of its visual information management platform. Paxata’s target audience is 1 billion large-business executives and employees who have knowledge of Excel and want to use related data to guide business decisions. With a total of $61.5 million raised in funds, Paxata also plans to expand into Europe and other quickly growing markets.

(Read the full article on Silicon Valley Business Journal)

4 – AI-Powered Body Scanners Could Soon be Inspecting You in Public

According to documents filed with the US Federal Communications Commission (FCC), Boston-based Evolv Technology is getting ready (on November 1) to pioneer an AI-powered high-speed body scanner at Union Station in Washington DC, Los Angeles’s Union Station metro, and at the Denver international airport. The system uses the same body scanners found in airports, but uses computer vision and machine learning to complete a scan in a fraction of a second (which equates to up to 800 people in one hour). Potential implementation could mean that passengers are able to walk through scanners instead of having to stop for long periods of time at security. Nearby security guards would possess a tablet that would give individuals an “all clear” or highlight items of suspicion on a person. Initial tests will assess how finely tuned the scanners can be and the types of weapons and explosives (or other objects) that they detect.

(Read the full article on The Guardian)

5 – SLAC, Stanford Launch ‘Bits & Watts,’ the First-of-its-kind Holistic Approach to Creating the 21st Century Electric Grid

Stanford and the U.S. Department of Energy’s SLAC National Accelerator Laboratory have joined forces to pioneer “Bits & Watts”, an initiative aimed at transitioning a society dependent on a massive and delicate electric power grid to one that incorporates more sustainable energy sources. Steven Chu, a Stanford professor, Nobel laureate and former U.S. Energy Secretary and one of the founding researchers of Bits & Watts said,

“We must develop the right technologies, financial incentives and investment atmosphere to take full advantage of the lowering costs of clean energy.”

Cloud-connected labs at Stanford and SLAC will work together to develop ways to use digital sensors, machine learning, and other technologies to collect massive amounts of data from green energy sources, from wind farms and rooftop solar panels to household appliances and thermostats. Simulations that test new software and hardware in both homes and commercial spaces are slated to begin in 2017. The Bits & Watts team will also work closely with industry and policymakers to plan and participate in cooperative research and help facilitate adoption of newly developed software and related technologies.

(Read the full press release at Stanford News)

Image credit: Element AI

Source: https://emerj.com/yoshua-bengio-helps-launch-ai-incubator-stanford-and-usde-ramp-up-smart-grid-and-more-this-week-in-artificial-intelligence-10-28-16/

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Binance to cease these crypto-derivative offerings in Australia

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Once upon a time, regulators around the world weren’t confident about handling the crypto-ecosystem. This attitude, however, has changed of late thanks to the industry’s growth and the interest it has seen from traditional institutions and major investors.

The aforementioned change isn’t universal, alas, with some crypto-entities still coming under a lot of regulatory fire. Binance is a case in point. The platform has come under increased scrutiny from a growing number of regulators worldwide, including regulatory authorities from the U.K, the U.S, the Netherlands, and Canada.

Australia too has now been added to this ignominious list.

According to an official announcement made by the exchange, Binance will no longer offer Futures and Options trading in Australia. It read,

“As Binance constantly evaluates its product and service offerings to comply with local regulations, we will cease offering the following products to existing Australian users: Futures, Options, Leveraged Tokens”

Moreover, it revealed that ‘existing Australian users will have 90 days to reduce and close their positions for these products.’ Post 23 December, users will no longer be able to manually reduce their positions, and all remaining open positions will cease.

What does this mean for Binance and its executives?

Well, the aforementioned step is in alignment with its executives’ aim – To create a sustainable ecosystem around blockchain technology and digital assets. In fact, according to one of its executives,

“Binance welcomes developments to our industry’s regulatory framework as they pose opportunities for the market players to have greater collaboration with the regulators. We are committed to working constructively in policy-making that seeks to benefit every user.”

This move followed last month’s restrictions on Options, margin products, and leveraged tokens (New accounts were barred from engaging in).

And the “nightmare” continues… 

Binance took a similar hit in a different part of the world less than two weeks ago. It discontinued support for trading pairs in the Singapore dollar (SGD), again due to regulatory crackdown(s).
Binance found itself in troubled waters earlier this year, with regulators around the world zeroing in on the top exchange. The regulatory pressure forced the leading crypto-company to adopt a proactive approach to compliance. That being said, the jury is still out on whether these steps have been making any difference?
Moreover, US authorities are probing possible insider trading and market manipulation allegations involving Binance. The exchange, for its part, has denied these speculations. Binance has a “zero-tolerance policy for insider trading,” a statement said.
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Source: https://ambcrypto.com/binance-to-cease-crypto-derivative-offerings-in-australia

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Robinhood Testing New Cryptocurrency Wallet as Demand Rises

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The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies.

A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg.

There is a hidden image showing a waiting list for users eager to get their hands on the app and code referring to crypto transfers, it added.

Delving Deeper into Crypto

Robinhood users can already buy and sell cryptocurrencies on the platform but they need to convert them to and from USD. With a native app, users will be able to send crypto assets to each other directly and set up two-factor authentication for additional security.

Robinhood Chief Executive Officer Vlad Tenev stated that adding crypto wallets is a priority for the company’s developers and they are actively working on such.


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“The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

He did not specify a launch date, but the beta app leak suggests it is not too far away. Users of the new functions will need to activate crypto sending and receiving and the registration page will require an identity check, the report added.

On Sept. 11, CryptoPotato reported that Robinhood had launched incentives to promote longer-term cryptocurrency investing. The zero-fee recurring purchase feature enables users to schedule digital asset purchases for regular intervals with buys as low as a dollar.

This will encourage customers to build their cryptocurrency portfolios over time and “become a whole coiner,” stated Robinhood.

Robinhood Users Hungry For Crypto

Cryptocurrency trading has been one of the biggest drivers of revenue for Robinhood this year. Dogecoin has been the crown jewel, according to the company. It reported that 62% of its $233 million in second-quarter crypto income came from DOGE trading.

It added that more than half of all transaction-based revenue on the platform came from digital asset trading. The firm did warn that Q3 would not be as prosperous due to “seasonal headwinds and lower trading activity across the industry.”

Robinhood share prices have already fallen 43% since their all-time high of a little over $70 in early August. They are currently trading down 1.68% since Monday’s open at $40.70 according to Yahoo! Finance.

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Source: https://cryptopotato.com/robinhood-testing-new-cryptocurrency-wallet-as-demand-rises/

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Snoop Dogg Reveals His Connection With Twitter Account on NFTs

Snoop Dogg Twitter

Rate this post American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment. Snoop Dog Claims to Be Popular NFT Advocate on Twitter Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs.  The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.   According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll. On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”   Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal. Is Medici Account an Elaborate Prank? The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement. “I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments. Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

The post Snoop Dogg Reveals His Connection With Twitter Account on NFTs appeared first on Cryptoknowmics-Crypto News and Media Platform.

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American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment.

Snoop Dog Claims to Be Popular NFT Advocate on Twitter

Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs. 

The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.  

According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll.

On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”

Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal.

Is Medici Account an Elaborate Prank?

The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement.

“I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments.

Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

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Source: https://www.cryptoknowmics.com/news/snoop-dogg-reveals-his-connection-with-twitter-account-on-nfts/

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