- Justin Trudeau, surprise speaker at GoNorth17: “Change has never been this fast and will never be this slow again. Canadians see the AI opportunity.”
- Here I go again, presenting data about the amount of legal work available in the AI industry. “More than 250 private companies that use AI algorithms across different verticals have been acquired since 2012, with 37 acquisitions taking place in the first quarter of 2017, according to CB Insights.” Here’s why.
- A2J in the UK: “The current government is pushing an online divorce system. This is designed to eliminate paperwork and time and save money for Her Majesty’s Courts and Tribunals service.”
- O’Melveny has provided counsel to Israel-based Waycare Technologies’ raising of $2.3 million in seed funding to help cities and states apply AI to optimize traffic management systems and improve traffic safety.
- AI’s use in sentiment analysis/scoring is getting wider and wider application, from Toyota’s concept car discussed yesterday, to measuring the “happiness” of populations in Dubai and China and now, to evaluating large cap stocks. Credit Suisse has been doing AI-based sentiment analysis for several months, and now RavenPack is powering their new “Artificial Intelligence Sentiment Index”
- The Australian government continues to talk seriously about the need for AI regulation.
- Several countries have expressed intent to use AI in their military. Eric Schmidt, the chairman of Google’s parent company, Alphabet, predicts that by 2030 China’s military will dominate the AI industry, overtaking the US as soon as 2020.