News about the institution, its research & recent advances

IIIM Expresses Committment to Icelandic Government

The EU’s plan for pan-European Digital Innovation Hubs (EDIH) across Europen countries has piqued the interest of the Icelandic government, and on May 11 it announced an interest in receiving letters of commitment from parties hoping to participate in an Icelandic EDIH, of which there is planned only one. The call, published by the EC, explicitly mentions AI centers with “advanced skills” as necessary for participation in the call. IIIM’s highly successful and long-standing close collaboration with industry, government, and academia, have put it at the forefront of applied AI and automation in Iceland. Bridging between numerous industries, academic researchers, and institutions, Continue reading IIIM Expresses Committment to Icelandic Government

Canada Invests Millions in AI, Green Tech & Quantum

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

Open Seminar on Opportunities for AI in Auditing

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

Iceland Has a New AI Policy

In October of 2020, the Office of the Prime Minister of Iceland assembled a five-person committee tasked with authoring an AI policy for Iceland. Part of the process included soliciting comments from the public. In March IIIM submitted a 14-page report advising the committee on the subject. The committee has now delivered a final report that resulted from its work, which outlines policy suggestions. The Prime Minister plans to present the report to parliament later this month.  Continue reading Iceland Has a New AI Policy