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September 11, 2018

DARPA to invest $2bn to accelerate third wave of AI programmes

The US Defense Advanced Research Projects Agency (DARPA) is set to invest more than $2bn in new and existing artificial intelligence (AI) programmes.

The US Defense Advanced Research Projects Agency (DARPA) is set to invest more than $2bn in new and existing artificial intelligence (AI) programmes.

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Called the ‘AI Next’ campaign, the multi-year strategy focuses on contextual reasoning in AI systems in order to develop more trusting collaborations between humans and machines.

Defined as the third wave of technological advance, the next-generation of AI intends to explore new theories and applications that would enable the machines to adapt to changing situations.

DARPA director Dr Steven Walker said: “With AI Next, we are making multiple research investments aimed at transforming computers from specialised tools to partners in problem-solving.

“Today, machines lack contextual reasoning capabilities, and their training must cover every eventuality, which is not only costly, but ultimately impossible.

“With AI Next, we are making multiple research investments aimed at transforming computers from specialised tools to partners in problem-solving.”

“We want to explore how machines can acquire human-like communication and reasoning capabilities, with the ability to recognise new situations and environments and adapt to them.”

Major areas to be explored include automating the critical business processes of the US Department of Defense (DoD), enhancing the robustness and reliability of AI systems, and increasing the security and resiliency of machine learning and AI technologies.

The programme also intends to focus on reducing power, data and performance inefficiencies, and developing the next generation of AI algorithms and applications, such as explainability and common sense reasoning.

Furthermore, the AI Next campaign will also involve DARPA’s Artificial Intelligence Exploration (AIE ) programme, which was first announced in July this year.

The AIE programme comprises a number of high-risk, high-payoff projects, under which researchers will focus on establishing the feasibility of new AI concepts within one and a half years of the campaign.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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