UK eases data mining laws to support flourishing AI industry

The UK is set to ease data mining laws in a move designed to further boost its flourishing AI industry.

We all know that data is vital to AI development. Tech giants are in an advantageous position due to either having existing large datasets or the ability to fund/pay for the data required. Most startups rely on mining data to get started.

Europe has notoriously strict data laws. Advocates of regulations like GDPR believe they’re necessary to protect consumers, while...

29 June 2022 | Artificial Intelligence

Arm is cutting up to 1,000 jobs after Nvidia deal collapses

Arm is cutting up to 1,000 jobs from its global workforce after the collapse of Nvidia’s acquisition.

The British chip designer has struggled from relatively flat revenues and rising costs despite the huge success of the company’s licensees such as Apple, Qualcomm, and Amazon.

Nvidia proposed to acquire Arm for $40 billion and ensure the company is able to continue its pioneering work. However, the deal caught the eye of global regulators and rivals voiced their...

15 March 2022 | Companies

SenseTime prepares to list on the Hong Kong Stock Exchange

Chinese AI giant SenseTime has received regulatory approval to list on the Hong Kong Stock Exchange (HKSE).

SenseTime is the world’s most-funded AI firm and has attracted large investments in part due to providing technology for the Chinese government’s vast surveillance network.

The company’s Viper system aims to process and analyse over 100,000 simultaneous real-time streams from traffic cameras, ATMs, and more to automatically tag and keep track of...

24 November 2021 | Artificial Intelligence