1. A study predicts that AI will contribute $15.7 trillion to the global economy by 2030. The report, published by PricewaterhouseCoopers (PwC), predicts that the countries that stand to benefit the most are China (26 percent GDP boost) and North America (14.5 percent boost). The two countries alone could benefit from an economic impact of $10.7 trillion by 2030. PwC also predicts that the widespread adoption of AI could create more jobs than it displaces in the U.K. by 2037. It estimates that 45 percent of economic gains by 2030 will come from product enhancements as AI is expected to drive greater product variety. - VENTUREBEAT
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2. SoftBank Vision Fund is seeking to invest nearly $1 billion into AI startup SenseTime Group. The fund and China-based SenseTime are still finalizing details of the deal. SenseTime creates systems that analyze faces and images on a large scale, contributing to China's sweeping surveillance system. SoftBank's founder has focused on making investments that align with a future dominated by AI and data, according to Bloomberg. - BLOOMBERG
3. IBM researchers developed an AI watermarking method that protects models from theft. The method embeds information into a neural network for identification purposes, allowing AI developers to safeguard their intellectual property. Specifically, it involves embedding certain information within deep learning models, and detecting them by feeding the network an image that elicits an abnormal response. “For the first time, we have a [robust] way to prove that someone has stolen a model,” Marc Ph. Stoecklin, manager of cognitive cybersecurity intelligence at IBM, told VentureBeat. - TNW
4. Google has unveiled an AI experiment called Move Mirror, which matches a user's poses with images of other people posing. In addition to its entertainment value, the company says it wanted to make machine learning more accessible to makers and coders. The experiment works by mapping the positioning of a user's joints using a computer vision model from Google, called PoseNet. The model contrasts the positions against a library of 80,000 images, matching up the photos that are the most similar. - CNET
5. AI has the potential to transform health-care supply chains in Africa, according to supply chain specialist Deborah Dull. During a recent conference in South Africa, Dull said that IBM Watson's AI can aid decision making in supply chains for public health, and improve patient's access to medication in developing countries. For example, a chatbot can deliver personalized learning on cell phones, improving the supply chain skills of health-care workers, she said. AI can also help patients find out when and where to pick up drugs for HIV and tuberculosis. - CREAMER MEDIA
6. Cisco has announced a partnership with University College London (UCL) to open one of the world's largest AI research centers. The announcement coincides with Cisco's recent $100 million funding commitment toward digital innovation initiatives in the United Kingdom. Part of the funding will go toward opening the research center, which will house up to 250 masters students and researchers working in the AI industry. It is set to open later this year. “It’s wonderful to renew our partnership with Cisco and work together to upskill the UK in machine learning and artificial intelligence,” UCL president Michael Arthur said. - TECHRADAR
7. Facebook has hired several leading academics in the AI field. Among the new hires is Jessica Hodgins, a roboticist who has worked in Disney animation making figures move more like humans. Abhinav Gupta from Carnegie Mellon University, known for his work in robot arms, will also join the company. “One thing I hope we’ll be able to do is explore AI support for creativity,” Hodgins said. - AP
8. An AI technology that helps blind people read is available in Philadelphia. The ORCAM MyEye is attached to glasses and works with artificial intelligence. It can read and recognize products and translate them into words, which are delivered to the user via an earpiece. It also incorporates a facial recognition component. - CBS LOCAL
9. The U.S. Department of Defense (DoD) will spend $1.75 billion on a new center to develop and improve AI technology. The Joint Artificial Intelligence Center will help the military maintain a technological advantage in the field, Deputy Defense Secretary Patrick Shanahan said. “Plenty of people talk about the threat from AI; we want to be the threat," he wrote in a recent message to DoD employees. The department has asked Congress to set aside $70 million in 2018 funds to launch the center. - FEDSCOOP
10. AI technology beat out humans in analyzing damage to possible nuclear reactor materials. Researchers from Oak Ridge National Laboratory and the University of Wisconsin-Madison trained computers to analyze microscopic radiation damage in materials for nuclear reactors. The process is considered a critical one in the development of safe nuclear materials. The neural network, combined with another machine learning algorithm, identified 86 percent of so-called dislocation loops in test pictures, while human experts detected only 80 percent. - RDMAG