The Icelandic Institute for Intelligent Machines has been awarded an advanced research grant from CISCO Systems in San Francisco – one of the largest software companies in the world – to develop a new kind of AI. With over 77,000 employees worldwide, CISCO is a multinational technology corporation that designs, manufactures, and sells networking equipment and other high-technology services and products. The company’s annual revenue tops 50 billion U.S. dollars, making CISCO a market leader in IT and networking.
To understand IIIM’s AI research for which CISCO Systems pledges investment, think about our dependence on modern AI systems: Could we trust them to direct air traffic? Prescribe our medicine? Plan our summer vacations? Manage our finances? Probably not. Most people would find them untrustworthy. But a future AI that can explain why it does what it does – in a satisfactory manner – and demonstrate that its actions are sound, would probably be found more worthy of being trusted with tasks of that kind.
In the linked video, Dr. Thórisson is interviewed by Ralf Haller of NNAISENSE about the principles behind this new kind of AI.
Continue reading CISCO Funds IIIM to Develop AI That Can Explain Itself
A new research report about the state of artificial intelligence (AI) research and development in the Nordic countries reveals their readiness to move the needle on AI development. Strong interest from governments, established research centers, as well as a highly trusted public sector, form a strong basis for the Nordic countries to further climb the Global AI Index ranking. By reaching rank 11, Finland officially showed that their early phases of preparation have been successfully completed and replaced by the phase of actual development. The other Nordic countries are expected to follow this pattern closely in the coming months and years. They are not only about to move in a single direction, however, but to head into different AI key sectors simultaneously. While Sweden’s strength lies in manufacturing and process industry, Denmark is focusing heavily on life sciences. As one of many examples, this fact underlines the broadness of expertise that is spread all over Scandinavia – making them ready to transform their first steps into a run. -LH
The State of Artificial Intelligence in the Nordic Countries [Oxford Research 2021]
On April 19, 2021, Canada’s Finance Minister Chrystia Freeland presented the first Candian federal budget since 2019 and laid open how Canada plans to set its annual economic agenda. It includes multi-million dollar investments to support national communities of research, homegrown talents, start-ups and scale-ups in the field of artificial intelligence (AI). As a concrete number, no less than CA$443.8 million over 10 years have been committed to deal with topics like the commercialisation of AI research, the recruiting of academic talent, Continue reading Canada Invests Millions in AI, Green Tech & Quantum
Dr. Páll Ríkharðsson and Dr. Kristinn R. Thórisson recently presented the conclusions of their year-long analysis on the opportunities of using artificial intelligence (AI) in auditing. Titled Artificial Intelligence and Auditing in SMEs: Attitudes, Expectations and Applications, the hour-long seminar (see the whole recording here) was based on research by the Icelandic Institute for Intelligent Machines (IIIM) and Department of Business Administration at Reykjavik University (RU) for the Association of State Authorized Auditors, analyzing attitudes towards automation and AI, as well as threats and opportunities for its use in auditing. The report answers questions about the practical use of advanced machine learning and other technologies for speeding up, simplifying, reducing the cost of, and improving, standard operations of auditors across a wide range of companies.
Continue reading Open Seminar on Opportunities for AI in Auditing