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.
As Europe is currently facing a competitive disadvantage in the field of AI, especially in data access, the European Parliament decided to push on digitalization efforts. To officially launch a respective debate, the European Commission published a White Paper on Artificial Intelligence last February. It is beyond doubt that Europe must become more active in its digitalization progress if it wishes to place its countries among the top competitors in the AI space: According to Stanford University’s AI Index report, Continue reading Europe Aims to Catch Up in AI Race
In September 2018 a new Swedish government authority – DIGG – began its work on new challenges in digitalization. Sweden’s Agency for Digital Government (DIGG), directed by Patrick Ekemo and Ana Eriksson, has the mandate to establish a new national digital ecosystem in Sweden and increase the efficiency and effectiveness of public administration through extensive use of automation and artificial intelligence (AI).
To improve the public administration’s ability to use artificial intelligence (AI), DIGG wants the best Nordic AI competence to be involved from the get-go, in one of their first government assignments, in a special project called Open Data, Data-Driven Innovation and AI. With more than 30 years of extensive experience in AI, IIIM’s Director is among the most knowledgeable in this field in Scandinavia. In 2019 a highly qualified group was formed including prominent experts in digital innovation and AI. The group, which includes IIIM Director Dr. Kristinn R. Thórisson, has the primary goal of providing continuous support and external quality assurance to all analyses and planned actions throughout the project.