Don’t be evil, genius: Google buys a British artificial-intelligence startup

Don’t be evil, genius: Google buys a British artificial-intelligence startup

Feb 1st 2014 | From the print edition

WHEN a search engine guesses what you want before you finish typing it, or helpfully ignores your bad spelling, that is the result of machine learning, a branch of artificial intelligence. Although AI has been through cycles of hype and disappointment before, big technology companies have recently been scrambling to hire experts in the field, in the hope of building machines that can learn even more sophisticated tasks.

IBM said this month it would invest $1 billion in a new division to develop uses for Watson, its computer that understands human language. But this week Google cemented its lead in this field by paying around £400m ($660m) for DeepMind Technologies, a startup in London that has yet to announce a product.

The boss of DeepMind, Demis Hassabis, previously created video games such as “Evil Genius” and “Theme Park”, in which the events and characters can respond credibly in an enormous variety of potential situations because of an artificial-intelligence algorithm humming in the background.

DeepMind’s 75 geeks will join the world’s leading group of machine-learning experts, which Google has been assembling in the past few years. Google’s main source of income, its search engine and the accompanying ad-placement system, is driven by machine learning. The firm’s self-driving cars rely on it, as do the intelligent thermostats made by Nest, a firm it has just taken over, and the robots made by Boston Dynamics and other robotics outfits it has been buying.

The technology is already the backbone of many other internet firms. It is why Facebook and LinkedIn have that slightly creepy ability to find people you know, and why Amazon and Netflix are good at suggesting books and films you might like. It also helps intelligence agencies to identify terrorist networks.

As machine learning leaves the lab and goes into practice, it will threaten white-collar, knowledge-worker jobs just as machines, automation and assembly lines destroyed factory jobs in the 19th and 20th centuries. For example, the technique has been applied by researchers at Stanford University to tell whether a biopsy of breast cells is highly cancerous, something that until now has required a human expert to assess.

Another of DeepMind’s founders, Shane Legg, has predicted that artificial intelligence running amok will be the biggest existential risk to humans in this century. Its founders have asked Google to set up an “ethics board” to consider the appropriate use of machine learning in its products. The creator of “Evil Genius” is ensuring that his new overlord sticks to its motto, “Don’t be evil”.

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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