Connect with us

Artificial Intelligence

Government of Canada creates Advisory Council on Artificial Intelligence

Vlad Poptamas

Published

on

Photo source: news.coinsquare.com
Reading Time: 4 minutes

 

Artificial intelligence (AI) is a set of complex and powerful technologies that will touch or transform every sector and industry in Canada. It has the power to help us address some of our most challenging problems, from improving Canadians’ health to fighting climate change. It will also introduce new sources of job creation and sustainable economic growth. Canada has already started harnessing AI through the AI supercluster, based in Montréal.

Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced the launch of the Advisory Council on Artificial Intelligence. This is the next step in the Government of Canada’scomprehensive approach to supporting this important new sector. The Minister announced the creation of the Council while in Paris for the G7 meeting of Digital Ministers. The theme of this year’s meeting is “Building Digital Trust Together.” Participants will reflect on the parameters required to foster innovation while building trust in digital societies and economies.

The council will advise the Government of Canada on how best to build on Canada’s AI strengths, identify opportunities to create economic growth that benefits all Canadians and ensure that AI advancements reflect Canadian values. The Government is committed to promoting a human-centric approach to AI, grounded in human rights, transparency and openness. These values will ensure that we can increase trust and accountability in AI while protecting our democratic values, processes and institutions.

Specifically, the council will establish a working group on commercializing value from Canadian-owned AI and data analytics, building on the work started by the Digital Industries Economic Strategy Table. It will also provide advice on how best to advance the goals laid out in the Canada-France Statement on Artificial Intelligence and will support Canada’s participation in various international engagements such as the G7, the G20, the OECD and the World Economic Forum.

The advisory council will be co-chaired by Foteini Agrafioti, Chief Science Officer for the Royal Bank of Canada, and Yoshua Bengio, Scientific Director of the Montreal Institute for Learning Algorithms.

Members of the advisory council also include:

  • Pierre Boivin, President and CEO, Claridge
  • Natalie Cartwright, Co-Founder and Chief Operating Officer, Finn AI
  • Marc-Antoine Dilhac, Canada Research Chair in Public Ethics and Political Theory, Université de Montréal
  • Eli Fathi, Co-Founder and CEO, MindBridge Analytics Inc.
  • Geoffrey Hinton, Chief Scientific Advisor, Vector Institute for Artificial Intelligence
  • Ian Kerr, Canada Research Chair in Ethics, Law and Technology, University of Ottawa
  • Jordan Kyriakidis, Co-Founder and CEO, QRA Corp.
  • AJung Moon, Director, Open Roboethics Institute
  • Mona NemerCanada’s Chief Science Advisor
  • Teresa Scassa, Canada Research Chair in Information Law and Policy, University of Ottawa
  • Elissa Strome, Executive Director of the Pan-Canadian AI Strategy, Canadian Institute for Advanced Research
  • Richard Sutton, Chief Science Advisor, Alberta Machine Intelligence Institute
  • Geneviève Tanguay, Vice President of Emerging Technologies, National Research Council Canada

Quotes

“Artificial intelligence is more than just a new product or service. It has the potential to help us solve some of the most difficult challenges we face, create jobs and growth across all industries, and improve the lives of all Canadians. The advisory council will help us capitalize on Canada’s leadership in AI in ways that upholds Canadian values of inclusiveness and diversity so that all Canadians can participate in and benefit from the digital economy.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development

“Artificial intelligence has enormous potential to help us design the responsive digital services that Canadians demand, but it must be used ethically and responsibly. The Advisory Council on Artificial intelligence will give us essential expertise from across industry, academia and government to make sure we use AI in a way that is transparent, deliberate and accountable.”
– The Honourable Joyce Murray, President of the Treasury Board and Minister of Digital Government

Quick facts

  • Canada has a strong foundation in AI to build on, with strengths in science, skills and talent, and clusters, as well as a thriving start-up ecosystem. Canada is home to more than 800 AI companies, and the number of Canadian AI start-ups is growing by approximately 28% year over year.
  • Artificial intelligence is an important contributor to Canada’s economy. In 2018, $548 million in venture capital was invested in Canadian AI companies, an increase of approximately 50% from 2017. As well, Canadian job opportunities in the field of AI grew by nearly 500% between June 2015 and June 2017.
  • The government selected five superclusters that represent more than 450 businesses, 60 postsecondary institutions and 180 other participants. These superclusters are all planning to support projects that will promote the development or use of AI in their respective industries. The AI-Powered Supply Chains Supercluster (SCALE.AI) will be the supercluster with the biggest focus on AI, undertaking activities to develop next-generation AI-powered supply chain platforms and create over 16,000 jobs for Canadians.
  • The Pan-Canadian Artificial Intelligence Strategy supports AI research and talent attraction and retention in Canada, promotes collaboration between Canada’s main centres of AI expertise, and positions Canada as a leading destination for companies in this sector.
  • The Government of Canada’s support for the Advisory Council on Artificial Intelligence will be led by Innovation, Science and Economic Development Canada in collaboration with Global Affairs Canada, the Treasury Board of Canada Secretariat and the Privy Council Office, as well as other federal departments and partners.
  • On November 22, 2018, at the Digital 9 Summit in IsraelCanada and the other D9 member nations agreed on a shared approach to the responsible implementation and use of AI by governments.

Related products

Stay connected

Find more services and information at Canada.ca/ISED.

Follow Innovation, Science and Economic Development Canada on social media.
Twitter: @ISED_CA, Facebook: CanadianInnovation, Instagram: @CDNinnovation and LinkedIn

SOURCE Innovation, Science and Economic Development Canada

Hello!


Thank you for visiting my profile and thank you for reading my news and published press release!


There a many things that shape a man, but the carving is done by the hobbies and passions. I've pursued two main careers, professional photography and webdesign, while also keeping a passion for automobiles, technology and games. At PICANTE NEWS, I take care of news editing and press release publishing in se
veral categories and as I've mentioned, during my spare time, I am also a professional photographer with webdesign skills.

My future plans include developing more journalistic skills and start creating investigative journalism. You can find my reports and press release coverages in the following categories:


BANKING/FINANCIAL SERVICES, COMPUTER ELECTRONICS, AUTOMOTIVE, CONTRACTS, ANALYSIS, INTERNET TECHNOLOGY, BIOTECHNOLOGY, BLOCKCHAIN, ACQUISITIONS, RETAIL, and many more.



You can get in touch to discuss interviews or possible article submissions by contacting us.


Let's also connect via social media! You can find me on Facebook or visit my photo portfolio.

Advertisement
Comments

Artificial Intelligence

Acoustic Wells wins 2019 MIT $100K Entrepreneurship Competition

Vlad Poptamas

Published

on

The Acoustic Wells team beat out seven finalists to win the Robert P. Goldberg $100,000 grand prize at the MIT $100K Entrepreneurship Launch Finale. Holding the check are, from left, Charles-Henri Clerget, Sebastien Mannai, and Louis Creteur.
Reading Time: 4 minutes

 

Acoustic Wells, a startup born in a laboratory at MIT that has created a new internet of things (IoT) control solution for oil wells that optimizes production while drastically reducing methane emissions, beat out seven finalists to win the Robert P. Goldberg $100,000 grand prize at last night’s MIT $100KEntrepreneurship Launch Finale held on the MIT campus.

Now in its 30th year, the MIT $100K Entrepreneurship Competition is an economic barometer for sectors of innovation that are receiving funding by venture capitalists. To date, the MIT $100K has facilitated the birth of more than 160 companies, which have gone on to raise $1.3 billion in venture capital and build $16 billion in market capitalization. More than 30 MIT $100K startups have been acquired by major companies, such as Oracle, Cisco, 3M, and Merck. Over 4,600 people are currently employed by MIT $100K companies. Recent IPOs include Akamai (AKAM) and Hubspot (HUBS).

A major challenge in the operation of oil and gas wells is the ability to monitor the operating conditions and health of pumping equipment without the need for prohibitively expensive equipment or daily inspections. To address this issue, Acoustic Wells has developed a patent-pending, acoustic-based control method that is capable of determining precisely down-hole conditions using a simple and affordable surface sensor. Acoustic Wells’ simple plug-and-play hardware processes the data at the edge and seamlessly connects to their cloud platform using long range IoT networks. Artificial intelligence algorithms automatically monitor the pump operation and optimize the production by adjusting the pumping rate while also predicting potential critical failures of the system.

Acoustic Wells’ founding team members are:

Dr. Sebastien Mannai, CEO, MIT PhD 2018 in Aerospace Engineering. He is currently engaged in postdoctoral work on AI signal processing in the Gas Turbine Laboratory of the Aerospace Department at MIT.

Dr. Charles-Henri Clerget, COO, who is currently engaged in postdoctoral work in the Earth Resources Laboratory with the Mathematics Department at MIT where he focuses on the big data analysis of drilling operations.

Louis Creteur, CTO and an industrial automation solution specialist who currently serves as IoT and Cloud Architect at Leanbox.

“We bring cutting edge technology in a simple package to help every oil and gas producer optimize their assets while reducing their emissions,” says Dr. Mannai.

A panel of judges chose Acoustic Wells based on value creation, value capture, and technological differentiation. Judges included: TJ Parker, Co-Founder & CEO, PillPackMira Wilczek, President & CEO, Cogo LabsThomas Collet, President, CEO & Director, Phrixus PharmaceuticalsTanguy Chau, Venture Investor; and Katie Rae, CEO & Managing Partner, The Engine.

$10,000 Audience Choice Award was presented to The Read Read, one of the finalist teams. The Read Read has created a patent pending physical device that allows blind and low-vision children to independently learn phonics and braille, and gain early literacy to keep pace with their sighted peers. Users simply touch the braille and large-print letter manipulatives, and get immediate audio feedback. It was developed at the Harvard Innovations Lab, and piloted at the Perkins School for the Blind and the Harvard Graduate School of Education.

Six additional finalists included:

AgroBeads® are biodegradable spheres made from natural ingredients that hydrate plants according to their needs and support their growth and healthy development. Plants not only grow, but they do it faster, and healthier. AgroBeads® does not pollute the environment, improves the chances of germination, and contributes to the development of technologies that impact public health.

Mechanodontics is a new method that can be used instead of braces or aligners that moves teeth independently. Placed behind teeth so they cannot be seen, this method considerably shortens treatment time, allows for easier cleaning than traditional braces, and is more comfortable. This technology, which employs state-of-the-art simulations, allows orthodontists to apply the optimal amount of force to each tooth, easily fixing even complicated mal-alignments that are not correctable with aligners.

Myco Diagnostics is creating low-cost, robust medical diagnostics, using thermostable binding proteins to capture disease biomarkers from patient samples. They are producing point-of-care assays for the detection of urine-based biomarkers of tuberculosis, allowing them to address patient groups ill-served by traditional TB tests.

Posh offers a bot-creation platform using patent-pending technology that makes it easy to tailor a custom chatbot to meet companies’ needs. Not only can Posh answer company FAQs, but it can also help a company’s customers manage their accounts and convert prospects into sales. Posh does this while interacting with customers via the channels they prefer: across text, voice, social media and the web.

Qtech The team’s MIT-educated scientists have invented 3D Nano structured air filters that provide 20x filtration performance, 10x lifetime, and are recyclable at an estimated similar cost of a traditional HEPA filter. Filters catch not only flower pollens, but also bacteria and even viruses, and there is no need for replacements in years.

Stratagen Bio develops oxygen sensors to enable personalized cancer therapies, addressing the unmet clinical need of identifying low-oxygen treatment resistant tumors. They are enabling physicians to identify which cancer patients require a customized treatment to overcome resistance and improve outcomes and survival.

John Harthorne, a founder and former CEO of MassChallenge, served as the keynote speaker. Harthorne’s team, Robopsy, won the MIT $100K in 2007. He and Akhil Nigam went on to co-found MassChallenge, a not-for-profit, in 2010. Based on the MIT $100K model, their zero-equity startup accelerator has since gone global and has accelerated 1,975 startups that have raised more than $4.3 billion in funding, generated more than $2.5 billion in revenue, and created more than 121,000 total jobs. Harthorne now serves on MassChallenge’s Global Board of Directors.

Since its debut as the MIT $10K Entrepreneurship Competition in 1989, it has grown to include three independent contests – PitchAccelerate, and Launch – from September through May. Each contest focuses on developing specific founding skills. For each semi-finalist contender, the MIT $100K brings together a network of resources that includes mentorship from venture capitalists, serial entrepreneurs, corporate executives, and attorneys; media exposure; prototyping funds; business plan feedback; and discounted services. Altogether, almost $1M in non-dilutive prize money and other financial resources are awarded to help these new ventures accelerate. For more on the MIT $100K, please visit: www.mit100k.org

SOURCE MIT Sloan School of Management

Continue Reading

Artificial Intelligence

Independent Research Firm Cites Trend Micro As A Leader In Enterprise Email Security

Vlad Poptamas

Published

on

Photo source: digitalguardian.com
Reading Time: 2 minutes

 

Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced that it has been named a leader in enterprise email security in The Forrester Wave™: Enterprise Email Security, Q2 2019 report. Trend Micro earned the highest possible score in the “technology leadership” sub-criterion (under the product strategy criterion), “deployment options” and “cloud integration,” and received the highest score among all 12 appraised vendors in the strategy category.

Forrester describes Trend Micro with comments including, “Clients cite effectiveness, ease of deployment, and configurability as strengths.” Forrester additionally said, “Enterprises seeking a solution for defending against malicious and malware-laden emails should consider Trend Micro.”

“The number one threat vector continues to be email, which drives our commitment to continued innovation,” said Nilesh Jain, Vice President, Southeast Asia and India, Trend Micro. “Analyst evaluations are critical for solution assessment. In my view, this recent report takes into account our newer artificial intelligence (AI) features such as writing style analysis and computer vision, alongside solutions to protect cloud email platforms like Office 365 and Gmail that collectively helped us block over 41.5 billion threats in 2018.”

Nearly 86% of all threats blocked by Trend Micro last year came via email. Phishing, business email compromise (BEC), malicious URLs, malevolent attachments and accidental and deliberate data loss are all common challenges.

Enterprises that use Trend Micro get a winning formula of decades of email security expertise combined with the strategic vision to anticipate the next threats. This combination continues to position Trend Micro as a forefront of the industry.

A cross-generational blend of security techniques is the best agreed upon approach to achieve comprehensive protection against these and other threats. One of these techniques includes Writing Style DNA, an AI-powered tool which helps to spot BEC scammers by analysing email content. To date this has identified 5,400 attacks at 160 organizations, resulting in potential savings for customers of US$858m. Another leading feature from Trend Micro blends computer vision image analysis technology with machine learning to “see” fake log-in pages, the result of this protects against phishing and account takeover.

Trend Micro’s email security benefits from intelligence sharing across all layers of the IT infrastructure to offer connected threat defense. It is available in multiple deployment options — appliance (physical and virtual), on-premises software, SaaS service, and as a hybrid solution. Trend Micro is the only vendor to offer dual layer protection via a cloud-based API+SMTP solution for advanced threat protection.

 

SOURCE Trend Micro Incorporated

Continue Reading

Artificial Intelligence

AvidXchange Unveils New Study on Future of B2B Fintech

Vlad Poptamas

Published

on

Reading Time: 2 minutes

 

AvidXchange™, the leading provider of accounts payable (AP) and payment automation solutions, today released compelling new insights on the future of fintech at REVx, its annual gathering of industry experts, AP thought leaders and finance professionals. Developed in collaboration with Levvel Research, the white paper revealed that while B2B companies are becoming more knowledgeable about using disruptive technologies to transform financial processes, most are unaware of how innovations like artificial intelligence (AI), machine learning, big data and blockchain are changing the way they work.

Of the fintech trends analyzed, AI is the most familiar to users, with 43 percent aware of its use in fintech applications and 83 percent citing AI as a strategic priority. In parallel, 84 percent of businesses believe AI will give them a competitive advance, and 75 percent believe it will allow them to expand lines of business by entering new ventures.

In contrast, blockchain was the most alien of the emerging technologies, with just over one in four respondents aware of its role in fintech despite increasing momentum behind blockchain applications in the B2B space. Machine learning and big data finished squarely in the middle, with 34 and 33 percent, respectively, confirming knowledge of daily touchpoints with these technologies.

“B2B fintech has evolved from on-premise accounting systems that help customers manage financial data to dynamic, cloud-based solutions that are impacting almost every area of the business,” said Dan Drees, Chief Growth Officer at AvidXchange. “Despite this progress, there are still a significant number of companies who haven’t embraced fintech. Understanding why and helping businesses adopt it will be the primary challenge for the financial services industry as we move forward.”

Collectively, the lack of familiarity with disruptive technologies indicates a significant area of opportunity for businesses to close this knowledge gap by learning more about fintech innovations and how they will alter the way companies operate in the immediate future.

To read more about how emerging technologies are impacting the B2B fintech space and being embraced by customers, download the full white paper here:

 

SOURCE AvidXchange

Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Read more from our authors

Business Wire6 hours ago

Dr. Shlee Song, Director of Stroke Center at Cedars-Sinai Medical Center, Addresses Graduates of American University of the Caribbean School of Medicine

Business Wire7 hours ago

Wisconsin Students Crowned America’s Top Rocketeers

Business Wire12 hours ago

Dr. Amanda Boag, President of Royal College of Veterinary Surgeons, Addresses Graduates of Ross University School of Veterinary Medicine

Business Wire13 hours ago

Dr. Vivian W. Pinn, Founding Director, Office of Research on Women’s Health at the NIH, Addresses Graduates of Ross University School of Medicine

Business Wire14 hours ago

Purdue University Global Hosts Commencement for 600 Graduates

Business Wire15 hours ago

Citizens Bank and Military Warriors Support Foundation Present Home to Military Veteran

Business Wire16 hours ago

ACADIA Pharmaceuticals to Present Phase 2 CLARITY Results for Pimavanserin as an Adjunctive Treatment in Major Depressive Disorder at the 2019 American Psychiatric Association Annual Meeting

Business Wire16 hours ago

Pear Therapeutics to Present Data on reSET®, for the Treatment of Substance Use Disorder, and Pear-004, for the Treatment of Schizophrenia, at American Psychiatric Association Annual Meeting

Business Wire18 hours ago

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of AAC Holdings, Inc. Investors

Business Wire18 hours ago

Ohio State Sexual Abuse Victims Represented by Sharp Law, Corsiglia McMahon & Allard, and Estey & Bomberger Say Independent Investigation Supports Their Claims

Follow our Tweets

Trending

Please turn AdBlock off