Monthly Archives: February 2017

Samsung’s latest C-Lab projects embrace augmented and virtual reality – TechCrunch

Posted: February 22, 2017 at 4:15 am


The Verge
Samsung's latest C-Lab projects embrace augmented and virtual reality
TechCrunch
Samsung created C-Lab (that's Creative Lab) half a decade ago as an attempt to incubate employee creativity within the larger confines of its corporate culture. Among the decided benefits of its place as a giant among consumer electronics companies is ...
Samsung's incubator lab is getting seriously into virtual and augmented realityThe Verge

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Virtual reality device helps home designers understand effects of dementia – Scottish Daily Record

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A new virtual reality device aims to help architects and designers create buildings and spaces which are better suited to meet the needs of people with dementia.

The Virtual Reality Empathy Platform (VR-EP) works by understanding how dementia can affect a persons vision.

The invention is a market first for architectural design. It can be used in the design of new buildings such as care homes, hospitals or sheltered housing, and also has the potential to assess existing buildings and environments.

There are currently more than 800,000 people in the UK living with dementia, a figure that is expected to rise to 1.7 million by 2051. Some estimates suggest that dementia costs the UK economy 26.3bn per year.

The VR-EP aims to help healthcare providers save expensive adaptive costs by designing buildings and spaces with the person living with dementia in mind.

People living with dementia can see things very differently, with objects often appearing dimmer and less colourful.

The new device helps designers to see things through the eyes of a fictional person living with dementia, and to create homely and familiar environments that could reduce accidents, lessen anxiety and help those living with dementia live more independent lives.

The idea is the brainchild of David Burgher, director at Scottish Borders-based Aitken Turnbull Architects, who has developed the product in partnership with Glasgow CGI company Wireframe Immersive and experts at the Dementia Centre, HammondCare.

The Dementia Centre is recognised as a world leader in dementia support, care and design. Wireframe Immersive has developed the virtual environment and will supply the software and hardware.

David Burgher said: At Aitken Turnbull we have many years of experience in designing buildings for the elderly and for people living with dementia and have gained valuable insight into the condition.

''The introduction of this unique VR-EP technology takes this insight to the another level - giving building designers first-hand experience of how dementia affects vision so that we can design spaces that are far better suited to people living with the condition.''

VR-EP comprises a laptop with high performance graphic and memory capability, Virtual Reality goggles, a games controller, camera and bespoke software programming.

Professor Mary Marshall, senior consultant at the HammondCare Dementia Centres UK team said: One of the biggest challenges for researchers, trainers and consultants in dementia design is how you convey the experience of the environment for people living with dementia.

''This device has the potential to be immensely beneficial for researchers, commissioners, architects and interior designers, and many other professionals in this field, and the Dementia Centre, HammondCare are delighted to be part of it.

The VR-EP device was developed with 50,000 of funding from Scottish Enterprise and is projected to generate ten times that amount of sales by year three of trading.

Aitken Turnbull Architects and Wireframe Immersive are currently carrying out a scoping exercise with interest from Scottish Development International (SDI) to export this virtual reality device to Europe, China and the US.

David McHoul, Innovation Specialist at Scottish Enterprise said: This project is another great example of Scotlands strengths in innovation.''

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Making Virtual Reality More Accessible – VideoInk

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If a tree falls in a virtual world, but no one has a headset, binaural audio, or an expensive PC so they could watch it falldid it really happen?

Virtual reality hardware makers and content producers are busily building up the value proposition of virtual reality; the better the experience, the more consumers who will buy in. But its a bit of a chicken-and-egg dilemma. How do you entice audiences to buy in to virtual reality before the technology and content offerings have matured? And how do you have the resources and consumer data to make a great product before the audience has congealed?

VR is the next inflection point for [telling] great stories and the way to do that is with compelling technology, says Jaunts new Chief Revenue Officer JP Colaco, who also told VideoInk, that the mile markers for VRs impending growth are already visible, despite various hurdles, including its accessibility.

But the early-adopters and innovators press on nevertheless. Here are three companies working to solve VRs access problem today:

IMAX is bringing the movie theater model to virtual reality. The company launched its flagship VR Experience Centre in Los Angeles (near the Grove) earlier this year. IMAX knows that a high quality VR setup costs upwards of $1K, so the opportunity to buy tickets to visit a VR theater space and go home afterwards is appealing to tourists and LA early adopters alike. The model replicates the VR cafe in eastern Asia. You can buy tickets ahead of time, but walk-ins are welcome. Reportedly, the IMAX VR Center has already seen over 5,000 visitors come through their doors, 75% of which have never experienced VR in their lifetime. And the momentum is strong, with IMAX stating that paid admissions have been increasing 75% week over week. IMAX plans to launch five additional pilot locations this year, including some centers that will share space with traditional movie theaters.

Kitsplit connects creators and the gear they need to create. Its essentially a camera gear rental company that conveniently solves the VR access problem. A quick search on Kitsplit for VR & Edge Tech in Los Angeles revealed both 360 camera and VR setup offerings. You can rent VR 360 Camera Nokia OZO for $2500 per day, or a HTC Vive setup for $200 per day. Its a great solution for events, creators with modest resources or limited space, and allows consumers to experience VR without investing in a full setup.

Stanfords Computational Imaging Lab is solving the VR headache problem that results from eyes that are tired of focusing on a fixed point and expanding VR to users with glasses. Researchers are developing a technology called adaptive focus display, which adjusts the screen using either liquid lenses or mechanically adjusting the lenses a la binoculars.

The researchers are in touch with VR hardware companies, who have a vested interest in personalizing VR headsets to make the viewing experience as smooth as actual reality.

Accessibility is key to the success of virtual reality as a content industry. The experience itself has to be available, affordable, and comfortable for consumers in as many demographics as possible. While hardware and software companies generate cutting edge headsets and experiences, others tackle the logistical and technical challenges of making virtual reality accessible to all.

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New virtual reality lounge opening in the Capital Region – NEWS10 ABC

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NEWS10 ABC
New virtual reality lounge opening in the Capital Region
NEWS10 ABC
CLIFTON PARK, N.Y. (NEWS10) For millions around the world gaming is a way of life, and a virtual reality lounge in Clifton Park is bringing that experience to a level of immersion never seen before. Toxic VR, a virtual reality lounge opening right ...

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Exyn unveils AI to help drones fly autonomously, even indoors or off the grid – TechCrunch

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A startup called Exyn Technologies Inc. today revealed AI software that enables drones to fly autonomously, even in dark, obstacle-filled environments or beyond the reaches of GPS. A spin-out of the University of Pennsylvanias GRASP Labs, Exyn uses sensor fusion to give drones situational awareness much like a humans.

In a demo video shared by the company with TechCrunch, a drone using Exyns AI can be seen waking up and taking in its surroundings. It then navigates from a launch point in a populated office to the nearest identified exit without human intervention. The route is not pre-programmed, and pilots did not manipulate controls to influence the path that the drone takes. They simply tell it to find and go to the nearest door.

According to Exyn founderVijay Kumar, a veteran roboticist and dean of Penns School of Engineering, Artificial intelligence that lets drones understand their environment is an order of magnitude more complex than for self-driving cars or ground-based robots.

Thats because the world that drones inhabit is inherently 3D. They have to do more than obey traffic laws and avoid pedestrians and trees. They must maneuver over and around obstacles in un-mapped skies where internet connectivity is not consistently available. Additionally, Kumar said, With drones you actually have to lift and fly with your payload and sensors. Cars roll along on wheels and can carry large batteries. But drones must preserve all the power they can for flight.

The AI that Exyn is adapting from Kumars original research will work with any type of unmanned aerial vehicle, from popular DJI models to more niche research and industrial UAVs. Exyn Chief Engineer Jason Derenick described how the technology basically works: We fuse multiple sensors from different parts of the spectrum to let a drone build a 3D map in real time. We only give the drone a relative goal and start location. But it takes off, updates its map and then goes through a process of planning and re-planning until it achieves that goal.

Keeping the technology self-contained on the drone means Exyn-powered UAVS dont rely on outside infrastructure, or human pilots to complete a mission. Going forward, the company can integrate data from cloud-based sources.

Exyn, which is backed by IP Group, faces competition from other startups like Iris Automation or Area 17 in Silicon Valley, as well as companies building drones with proprietary autonomous-flight software, like Skydio in Menlo Park, or Israel-based Airobotics.

The startups CEO and chairman Nader Elm is hoping Exyns AI will yield new uses for drones, and put drones in places where its not safe or easy for humans to work.

For example, the CEO said, the companys technology could allow drones to count inventory in warehouses filled with towering pallets and robots moving across the ground; or to work in dark mine shafts and unfinished buildings that require frequent inspections for safety and to measure worker productivity.

Looking forward, Exyns CEO said, Well continue advancing the technology to first of all make it more robust and hardened for commercial use while adding features and functionality. Ultimately we want to move from one drone to multiple, collaborating drones that can work on a common mission. We have focused on obstacle avoidance, but were also thinking about how drones can interact with various things in their environment.

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Exyn unveils AI to help drones fly autonomously, even indoors or off the grid - TechCrunch

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How AI fights the war against fake news – Fox News

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A three-headed alien is wandering around Central Park right now. If you believe that, you might be susceptible to a fake news story. Artificial Intelligence technology, however, could be a vital weapon in the war on fake news, according to cybersecurity companies.

Popular during the last election but still prevalent on Facebook and other social media channels, fake news stories make wild claims, tend to exist only on a handful of minor news sites, and can be difficult to verify.

Yet, artificial intelligence could help us all weed out the good from the bad.

Experts tell Fox News that machine learning, natural language processing, semantic identification, and other techniques could at least provide a clue about authenticity.

NEW $27 MILLION FUND AIMS TO SAVE HUMANITY FROM DESTRUCTIVE AI

Catherine Lu, a product manager at fraud detection company DataVisor, says AI could detect the semantic meaning behind a web article. Heres one example. With the three-headed alien, a natural language processing (or NLP) engine could look at the headline, the subject of the story, the geo-location, and the main body text. An AI could determine if other sites are reporting the same facts. And the AI could weigh the facts against established media sources.

The New York Times is probably a more reputable of a source than an unknown, poorly designed website, Lu told Fox News. A machine learning model can be trained to predict the reputation of a web site, taking into account features such as the Alexa web rank and the domain name (for example, a .com domain is less suspicious than a .web domain).

Ertunga Arsal, the CEO of German cybersecurity company ESNC, tells Fox News that an AI has an advantage in detecting fake news because of the extremely large data set -- billions of websites all over the world. Also, the purveyors of fake news are fairly predictable.

One example he mentioned is that many of the fake news sites register for a Google AdSense account (using terms like election), then start posting the fake news. (Since once of the primary goals is to get people to click and then collect the ad revenue.)

WHITE HOUSE: WE'RE RESEARCHING AI, BUT DONT WORRY ABOUT KILLER ROBOTS

An AI could use keyword analytics in discovering and flagging sensational words often used in fake news headlines, he said, noting that there will only be an increase in the number of fake news stories, similar to the rise of spam, and the time is now to do something about it.

Dr. Pradeep Atrey from the University at Albany has already conducted research on semantic processing to detect the authenticity of news sites. He tells Fox News a similar approach could be used to detect fake news. For example, an algorithm could rate sites based on a reward and punishment system. Less popular sites would be rated as less trustworthy.

There are methods that can be used to at least minimize, if not fully eradicate, fake news instances, he says. It depends on how and up to what extent we use such methods in practice.

Unfortunately, according to Dr. Atrey, many people dont take the extra step to verify the authenticity of news sites to determine trustworthiness. An AI could identify a site as fake and pop up a warning to proceed with caution, similar to how malware detection works.

REALDOLL BUILDS ARTIFICIALLY INTELLIGENT SEX ROBOTS WITH PROGRAMMABLE PERSONALITIES

Not everyone is on board with using an AI to detect fake news, however.

Paul Shomo, a Senior Technical Manager at security firm Guidance Software, tells Fox News that fake news producers could figure out how to get around the AI algorithms. He says its a little scary to think an AI might mislabel a real news story as fake (known as a false positive).

Book author Darren Campo from the NYU Stern School of Business says fake news is primarily about an emotional response. He says people wont care if an AI has identified news as fake. What they often care about is whether the news matches up with their own worldview.

Fake news protects itself by embedding a fact in terms that can be defended, he tells Fox News. While artificial intelligence can identify a fact as incorrect, the AI cannot comprehend the context in which people enjoy believing a lie.

Thats at least good news for the three-headed alien.

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What our original drama The Intelligence Explosion tells us about AI – The Guardian

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The Intelligence Explosion, an original drama published by the Guardian, is obviously a work of fiction. But the fears behind it are very real, and have led some of the biggest brains in artificial intelligence (AI) to reconsider how they work.

The film dramatises a near-future conversation between the developers of an artificial general intelligence named Gnther and an ethical philosopher. Gnther himself (itself?) sits in, making fairly cringeworthy jokes and generally missing the point. Until, suddenly, he doesnt.

It shows an event which has come to be known in the technology world as the singularity: the moment when an artificial intelligence that has the ability to improve itself starts doing so at exponential speeds. The crucial moment is the period when AI becomes better at developing AI than people are. Up until that point, AI capability can only improve as quickly as AI research progresses, but once AI is involved in its own creation, a feedback loop begins. AI makes better AI, which is even better at making even better AI.

It may not end with a robot bursting into a cloud of stars and deciding to ascend to a higher plane of existence but its not far off. A super-intelligent AI could be so much more intelligent than a human being that we cant even comprehend its actual abilities, as futile as explaining to an ant how wireless data transfer works.

So one big question for AI researchers is whether this event will be good or bad for humanity. And thats where the ethical philosophy comes into it.

Dr Nick Bostrom, a philosopher at the University of Oxford, presented one of the most popular explanations of the problem in his book Superintelligence. Suppose you create an artificial intelligence designed to do one thing in his example, running a factory for making paperclips. In a bid for efficiency, however, you decide to programme the artificial intelligence with another set of instructions as well, commanding it to improve its own processes to become better at making paperclips.

For a while, everything goes well: the AI chugs along making paperclips, occasionally suggesting that a piece of machinery be moved, or designing a new alloy for the smelter to produce. Sometimes it even improves its own programming, with the rationale that the smarter it is, the better it can think of new ways to make paperclips.

But one day, the exponential increase happens: the paperclip factory starts getting very smart, very quickly. One day its a basic AI, the next its as intelligent as a person. The day after that, its as smart as all of humanity combined, and the day after that, its smarter than anything we can imagine.

Unfortunately, despite all of this, its main directive is unchanged: it just wants to make paperclips. As many as possible, as efficiently as possible. It would start strip-mining the Earth for the raw materials, except its already realised that doing that would probably spark resistance from the pesky humans who live on the planet. So, pre-emptively, it kills them all, leaving nothing standing between it and a lot of paperclips.

Thats the worst possible outcome. But obviously having an extremely smart AI on the side of humanity would be a pretty good thing. So one way to square the circle is by teaching ethics to artificial intelligences, before its too late.

In that scenario, the paperclip machine would be told make more paperclips, but only if its ethical to do so. That way, it probably wont murder humanity, which most people consider a positive outcome.

The downside is that to code that into an AI, you sort of need to solve the entirety of ethics and write it in computer-readable format. Which is, to say the least, tricky.

Ethical philosophers cant even agree on what the best ethical system is for people. Is it ethical to kill one person to save five? Or to lie when a madman with an axe asks where your neighbour is? Some of the best minds in the world of moral philosophy disagree over those questions, which doesnt bode well for the prospect of coding morality into an AI.

Problems like this are why the biggest AI companies in the world are paying keen attention to questions of ethics. DeepMind, the Google subsidiary which produced the first ever AI able to beat a human pro at the ancient boardgame Go, has a shadowy ethics and safety board, for instance. The company hasnt said whos on it, or even whether its met, but early investors say that its creation was a key part of why Googles bid to acquire DeepMind was successful. Other companies, including IBM, Amazon and Apple, have also joined forces, forming the Partnership on AI, to lead from the top.

For now, though, the singularity still exists only in the world of science fiction. All we can say for certain is that when it does come, it probably wont have Gnthers friendly attitude front and centre.

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If AI Can Fix Peer Review in Science, AI Can Do Anything | WIRED – WIRED

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Slide: 1 / of 1. Caption: Getty Images

Heres how science works: You have a question about some infinitesimal sliver of the universe. You form a hypothesis, test it, and eventually gather enough data to support or disprove what you thought was going on. Thats the fun part. The next bit is less glamorous: You write a manuscript, submit it to an academic journal, and endure the gauntlet of peer review, where a small group of anonymous experts in your field scrutinize the quality of your work.

Peer review has its flaws. Human beings (even scientists) are biased, lazy, and self-interested. Sometimes they suck at math (even scientists). So, perhaps inevitably, some people want to remove humans from the processand replace them with artificial intelligence. Computers are, after all, unbiased, sedulous, and lack a sense of identity. They are also, by definition, good at math. And scientists arent just waiting around for some binary brain to manifest a set of protocols for identifying experimental excellence. Journal publishers are already building this stuff, piecemeal.

Recently, a competition called ScienceIE challenged teams to create programs that could extract the basic facts out of sentences in scientific papers, and compare those to the basic facts from sentences in other papers. The broad goal of my project is to help scientists and practitioners gain more knowledge about a research area more quickly, says Isabelle Augenstein, a post-doctoral AI researcher at University College of London, who devised the challenge.

Thats a tiny part of artificial intelligences biggest challenge: processing natural human language. Competitors designed programs to tackle three subtasks: reading each paper and identifying its key concepts, organizing key words by type, and identifying relationships between different key phrases. And its not just an academic exercise: Augenstein is on a two-year contract with Elsevier, one of the worlds largest publishers of scientific research, to develop computational tools for their massive library of manuscripts.

She has her work cut out for her. Elsevier publishes over 7,500 different journals. Each has an editor, who has to find the right reviewer for each manuscript. (In 2015, 700,000 peer reviewers reviewed over 1.8 million manuscripts across Elseviers journals; 400,000 were eventually published.) The number of humans capable of reviewing a proposal is generally limited to the specialists in that field, says Mike Warren, AI veteran and CTO/co-founder of Descartes Labs, a digital mapping company that uses AI to parse satellite images. So, youve got this small set of people with PhDs, and you keep dividing them into disciplines and sub-disciplines, and when youre done there might only be 100 people on the planet qualified to review a certain manuscript. Augensteins work is part of Elseviers work to automatically suggest the right reviewers for each manuscript.

Elsevier has developed a suite of automated tools, called Evise, to aid in peer review. The program checks for plagiarism (although thats not really AI, just a search and match function), clears potential reviewers for things like conflicts of interest, and handles workflow between authors, editors, and reviewers. Several other major publishers have automated software to aid peer reviewSpringer-Nature, for instance, is currently trialing an independently-developed software package called StatReviewer that ensures that each submitted paper has complete and accurate statistical data.

But none seem as open about their capabilities or aspirations as Elsevier. We are investigating more ambitious tasks, says Augenstein. Say you have a question about a paper: A machine learning model reads the paper and answers your question.

Not everyone is charmed by the prospect of Dr. Roboto, PhD. Last month, Janne Hukkinen, professor of environmental policy at University of Helsinki, Finland, and editor of the Elsevier journal Ecological Economics wrote a cautionary op-ed for WIRED, premised on a future where AI peer review became fully autonomous:

I dont see why learning algorithms couldnt manage the entire review from submission to decision by drawing on publishers databases of reviewer profiles, analyzing past streams of comments by reviewers and editors, and recognizing the patterns of change in a manuscript from submission to final editorial decision. Whats more, disconnecting humans from peer review would ease the tension between the academics who want open access and the commercial publishers who are resisting it.

By Hukkinens logic, an AI that could do peer review could also write manuscripts. Eventually, people become a legacy system within the scientific methodredundant, inefficient, obsolete. His final argument: New knowledge which humans no longer experience as something they themselves have produced would shake the foundations of human culture.

But Hukkinens dark vision of machines capable of outthinking human scientists is, at the very least, decades away. AI, despite its big successes in games like chess, Go, and poker, still cant understand most normal English sentences, let alone scientific text, says Oren Etzioni, CEO of the Allen Institute for Artificial Intelligence. Consider this: The winning team from Augensteins ScienceIE competition scored 43 percent across the three subtasks.

And even non-computer brains have a hard time comprehending the passive-voiced mumbo jumbo common in scientific manuscripts; it is not uncommon for inscriptions within the literature to be structured such that the phenomenon being discussed is often described, after layers of prepositional preamble, and in vernacular that is vague, esoteric, and exorbitant, as being acted upon by causative factors. Linguists call anything written by humans, for humans, natural language. Computer scientists call natural language a hot mess.

One large category of problems in natural language for AI is ambiguity, says Ernest Davis, a computer scientist at NYU who studies common sense processing. Lets take a classic example of ambiguity, illustrated in this sentence by Stanford University emeritus computer scientist Terry Winograd:

The city councilmen refused the demonstrators a permit because they [feared/advocated] violence.

To you and me, the verbs give away who they refers to: the city council fears; the demonstrators advocate. But a computer brain would have a hell of a time figuring out which verb indicates which pronoun. And that type of ambiguity is just one thread in the tangled knot of natural languagefrom simple things like understanding homographs to unraveling the logic of narratives.

Thats not even touching on the specific issues in scientific papers, like connecting a written argument to some pattern in the data. This is even the case in pure mathematics papers. Going from English to the formal logic of mathematics is not something we can automate, says Davis. And that would be one of the easiest things to work on because its highly restrictive and we understand the targets. Disciplines that arent rooted in mathematics, like psychology, will be even more difficult. In psychology papers, were nowhere near being able to check the reasonableness of arguments, says Davis. We dont know how to express the experiment in a way that a computer could use it.

And of course, a fully autonomous AI peer reviewer doesnt just have to outread humans, it has to outthink them. When you think about AI problems, peer review is probably among the very hardest you can come up with, since the most important part of peer review is determining that research is novel, its something that has not been done before by someone else, says Warren. A computer program might be able to survey the literature and figure out which questions remain, but would it be able to pick out research of Einsteinian proportionssome new theory that completely upends previous assumptions about how the world works?

Then again, what if everyoneAI advocates and critics alikeare looking at the problem backwards? Maybe we just need to change the way we do scientific publishing, says Tom Dietterich, AI researcher at Oregon State University. So, rather than writing our research as a story in English, we link our claims and evidence into a formalized structure, like a database, containing all the things that are known about a problem people are working on. Computerize the process of peer review, in other words, rather than its solution. But at that point its not computers youre reprogramming: Youre reprogramming human behavior.

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If AI Can Fix Peer Review in Science, AI Can Do Anything | WIRED - WIRED

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An AI Hedge Fund Created a New Currency to Make Wall Street … – WIRED

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Slide: 1 / of 2. Caption: Numerai

Slide: 2 / of 2. Caption: Caption: Richard CraibNumerai

Wall Street is a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is good, that it captures the essence of the evolutionary spirit. A hedge fund hunts for an edge and then maniacally guards it, locking down its trading data and barring its traders from joining the company next door. The big bucks lie in finding market inefficiencies no one else can, succeeding at the expense of others. But Richard Craib wants to change that. He wants to transform Wall Street from a cutthroat competition into a harmonious collaboration.

This morning, the 29-year-old South African technologist and his unorthodox hedge fund, Numerai, started issuing a new digital currencykind of. Craibs idea is so weird, so unlike anything else that has preceded it, that naming it becomes an exercise in approximation. Inspired by the same tech that underpins bitcoin, his creation joins a growing wave of what people in the world of crypto-finance call digital tokens, internet-based assets that enable the crowdsourcing of everything from venture capital to computing power. Craib hopes his particular token can turn Wall Street into a place where everyones on the same team. Its a strange, complicated, and potentially powerful creation that builds on an already audacious arrangement, a new configuration of technology and money that calls into question the markets most cherished premise. Greed is still good, but its better when people are working together.

Based in San Francisco, Numerai is a hedge fund in which an artificially intelligent system chooses all the trades. But its not a system Craib built alone. Instead, several thousand anonymous data scientists compete to create the best trading algorithmsand win bitcoin for their efforts. The whole concept may sound like a bad Silicon Valley joke. But Numerai has been making trades in this way for more than a year, and Craib says its making money. Its also attracted marquee backers like Howard Morgan, a founder of Renaissance Technologies, the wildly successful hedge fund that pioneered an earlier iteration of tech-powered trading.

The system is elegant in its way: Numerai encrypts its trading data before sharing it with the data scientists to prevent them from mimicking the funds trades themselves. At the same time, the company carefully organizes this encrypted data in a way that allows the data scientists to build models that are potentially able to make better trades. The crowdsourced approach seems to be workingto a point. But in Craibs eyes, the system still suffers from a major drawback: If the best scientist wins, that scientist has little incentive to get other talented colleagues involved. The wisdom of the crowd runs up against Wall Streets core ethos of self-interest: make the most money for yourself.

Thats where Craibs new token comes in. Craib and company believe Numerai can become even more successful if it can align the incentives of everyone involved. They hope its new kind of currency, Numeraire, will turn its online competition into a collaborationand turn Wall Street on its head in the process.

In its first incarnation, Numerai was flawed in a notable way. The company doled out bitcoin based on models that performed successfully on the encrypted test data before the fund ever tested them on the live market. That setup encouraged the scientists to game the system, to look out for themselves rather that the fund as a whole. It judged based on what happened in the past, not on what will happen in the future, says Fred Ehrsam, co-founder of marquee bitcoin company Coinbase and a Wall Street veteran.

But Craib feels the system was flawed in another waythe same way all of Wall Street is flawed. The data scientists were still in competition. They were fighting each other rather than fighting for the same goal. It was in their best interest to keep the winnings to themselves. If they spread the word, the added competition could cut into their winnings. Though the scientists were helping to build one master AI, they were still at odds. The fund and its creators were at cross-purposes.

Why is tech positive-sum and finance zero-sum? Richard Craib

Today, to fix that problem, Numerai has distributed Numeraire1,000,000 tokens in allto 12,000 participating scientists. The higher the scientists sit on the leaderboard, the more Numeraire they receive. But its not really a currency they can use to pay for stuff. Its a way of betting that their machine learning models will do well on the live market. If their trades succeed, they get their Numeraire back as well as a payment in bitcoina kind of dividend. If their trades go bust, the company destroys their Numeraire, and they dont get paid.

The new system encourages the data scientists to build models that work on live trades, not just test data. The value of Numeraire also grows in proportion to the overall success of the hedge fund, because Numerai will pay out more bitcoin to data scientists betting Numeraire as the fund grows. If Numerai were to pay out $1 million per month to people who staked Numeraire, then the value of Numeraire will be very high, because staking Numeraire will be the only way to earn that $1 million, Craib says.

Its a tricky but ingenious logic: Everyone betting Numeraire has an incentive to get everyone else to build the best models possible, because the more the fund grows, the bigger the dividends for all. Everyone involved has the incentive to recruit yet more talenta structure that rewards collaboration.

Whats more, though Numeraire has no stated value in itself, it will surely trade on secondary markets. The most likely buyers will be successful data scientists seeking to increase their caches so they can place bigger bets in search of more bitcoin rewards. But even those who dont bet will see the value of their Numeraire grow if the fund succeeds and secondary demand increases. As it trades, Numeraire becomes something kind of like a stock and kind of like its own currency.

For Craib, a trained mathematician with an enormous wave of curly hair topping his 6-foot-4-inch frame, the hope is that Numeraire will encourage Wall Street to operate more like an open source software project. In software, when everyone shares with everyone else, all benefit from the collaboration: The software gets better. Google open sourced its artificial intelligence engine, for instance, because improvements made by others outside the company will make the system more valuable for Google, too.

Why is tech positive-sum and finance zero-sum? Craib asks. The tech companies benefit from network effects where people behave differently because they are trying to build a network, rather than trying to compete.

Craib and company built their new token atop Ethereum, a vast online ledgera blockchainwhere anyone can build a bitcoin-like token driven by a self-operating software program, or smart contract. If it catches on the way bitcoin has, everyone involved has the incentive to (loudly) promote this new project and (manically) push it forward in new ways.

But getting things right isnt easy. The risk is that the crypto-economic model is wrong, says Ersham, Tokens let you set up incentive structures and program them directly. But just like monetary policy at, say, the Federal Reserve, its not always easy to get those incentive structures right.

In other words, Craibs game theory might not work. People and economies may not behave like he assumes they will. Also, blockchains arent hack-proof. A bug brought down the DAO, a huge effort to crowdsource venture capital on a blockchain. Hackers found a hole in the system and made off with $50 million.

Craib may also be overthinking the situation, looking for complex technological solutions to solve a problem that doesnt require anything as elaborate as Numeraire. Their model seems overly complicated. Its not clear why they need it, says Michael Wellman, a University of Michigan professor who specializes in game theory and new financial services. Its not like digital currency has magical properties. Numerai could try a much more time-honored approach to recruiting the most talented data scientists, Wellman says: pay them.

After today, Craib and the rest of Wall Street will start to see whether something like Numeraire can truly imbue the most ruthless of markets with a cooperative spirit. Those thousands of data scientists didnt know Numeraire was coming, but if the network effects play out like Craib hopes they will, many of those scientists have just gotten very, very rich. Still, that isnt his main purpose. Craibs goals are bigger than just building a hedge fund with crowdsourced AI. He wants to change the very nature of Wall Streetand maybe capitalism. Competition has made a lot of people wealthy. Maybe collaboration could enrich many more.

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An AI Hedge Fund Created a New Currency to Make Wall Street ... - WIRED

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Meitu’s new phone uses AI to snap better selfies – Engadget

Posted: at 4:14 am

According to Meitu, Magical AI Beautification will enhance group photos as well as selfies, detecting and adjusting each face individually. It will whiten your teeth, get rid of those bags under your eyes, smooth your skin, add radiance to your face and apply some stylish filters. The feature works on real-time videos too.

Over a billion people have downloaded and installed the Meitu app. It was a viral hit on social media last year, turning everyone's selfies into kawaii anime characters. But, the fun ended quickly when people discovered the app asks for access to a lot of personal data, including your calendar, contacts, SMS messages and location. Meitu claims it collected the data because it needed a workaround for Apple and Google's tracking services, which are blocked in China.

The T8 is not the first "selfie smartphone" to come out of China. Both Lenovo and Oppo released low-to-mid range devices last year with powerful front-facing cameras, but Meitu says the T8 is the first smartphone to offer DSLR-type performance and photo quality through its dual pixel technology.

The T8's other specs include a full metallic body, a 21-megapixel rear-facing camera, a 2.3GHz processor, a 5.2-inch AMOLED display, 4GB of RAM and 128GB of onboard storage. And yes, it has a headphone jack. It's currently available on Meitu's website (accessible in China only) and costs 3299 RMB ($479 USD). It'll be available to buy at online retailers Tmall, suning.com and jd.com on February 22nd. There's no word yet on whether the T8 will make it to the US.

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Meitu's new phone uses AI to snap better selfies - Engadget

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