IoT AI services to reach £2.6 billion in revenue by 2026

AI and Machine Learning

Artificial intelligence (AI) and machine learning (ML) services within the IoT sphere are expected to grow by 40% annually, reaching $3.6 billion (£2.6bn) in revenue by 2026.

The latest from global tech advisory firm ABI Research's new report, the findings indicate that the value in the technology stack is shifting beyond hardware and middleware to analytics and value-added services.

In fact, whilst COVID-19 negatively impacted lots of industries, it seems to have...

HERE, Vodafone, and Porsche develop a real-time warning system

HERE Technologies, Vodafone, and Porsche have developed a real-time warning system for vehicles as part of their joint effort to improve road safety.

The partners have been studying how 5G can improve road safety when combined with the real-time identification and localisation of hazardous traffic situations.

A real-time warning system is being developed as part of the feasibility study that can warn vehicles and their drivers, without delay, of any problems so they can...

Intel and partners build 5G smart factory to demonstrate Industry 4.0 benefits

Intel has built a 5G smart factory “from the ground up” to demonstrate the benefits of Industry 4.0 digitalisation.

The end-to-end smart factory is based in Verona, Italy and is based on Intel Atom and Xeon Scalable processors, Intel FPGAs, and Intel Edge Controls for Industrial and Edge Insights for Industrial software.

Intel is collaborating with EXOR International, JMA Wireless, and Telecom Italia (TIM) on the project.

Claudio Ambra, CTO of EXOR...

Eclipse: IoT and edge computing adoption is accelerating

The latest IoT and edge computing survey from the Eclipse Foundation highlights that enterprises are putting their foot on the accelerator in terms of adoption.

47 percent of respondents have already deployed IoT solutions while an additional 39 percent plan to do so within the next 12-24 months.

Edge computing adoption is also subsequently increasing as organisations look for increased performance from their devices including reduced latency, improved security and...

Rome wasn’t built in a day, but Sony is quickly making it smart

Sony has joined three smart city trials in Rome to help the historic city fight modern problems.

The trials are set to begin in June and will all use Sony’s IMX500 sensor which is the first to feature embedded AI processing—enabling powerful capabilities while addressing privacy concerns.

Antonio Avitabile, MD of Corporate Alliance and Investment at Sony, said:

“This is a clear and concrete example where Sony’s smart vision solution can serve our...

Toyota subsidiary to acquire Lyft’s autonomous vehicle division

Toyota subsidiary Woven Planet has announced that it’s acquiring Lyft’s autonomous vehicle division for $550 million.

The division, known as Level 5, has established itself among the leaders in the development of autonomous driving technologies.

Logan Green, Co-Founder and CEO of Lyft, said:

“Today’s announcement launches Lyft into the next phase of an incredible journey to bring our mission to life. Lyft has spent nine years building a transportation...

Construction begins on £22.4 million National Robotarium in the UK

The UK has begun construction of a £22.4 million National Robotarium in Edinburgh which aims to solidify the country as a leader in AI and robotics.

UK Government Minister for Scotland Iain Stewart said:

“The creation of the UK’s first National Robotarium in Edinburgh will place Scotland at the forefront of a technological revolution that is changing the way we work.

This exciting new facility, supported by £21 million from the UK Government, will create...

AMP Robotics raises $55 million to advance its waste-reducing mission

Denver-based AMP Robotics has raised $55 million for its AI-powered system which aims to reduce global waste.

Coming off the hottest year on record, with the US experiencing its first-ever “gigafire”, the worst Amazon fires in a decade, and devastating typhoons swamping the Indian subcontinent – to name just a few climate-related disasters – it’s more clear than ever we need to turn words into actions when it comes to reducing our environmental...

LAPD ban facial recognition following alleged unauthorised use

The Los Angeles Police Department (LAPD) has banned the use of facial recognition after officers allegedly used it without authorisation.

Facial recognition systems have faced increased scrutiny in recent years due to repeated studies showing they have serious biases.

Wherever facial recognition systems are deployed, the public needs to have faith they’re being used fairly—something which no deployment so far has been able to do.

Public trust in facial...

British Army chief: A quarter of soldiers could be robots by 2030

The head of the UK’s military has said that he expects up to a quarter of soldiers could be robots by the 2030s.

Sir Nick Carter – a decorated general with service in Bosnia, Kosovo, Afghanistan, and Basra – made the comments to Sky News on Sunday.

“I suspect we could have an army of 120,000, of which 30,000 might be robots,” Sir Nick said.

In a paper called The Internet of Battle Things – published by the US Army Research Laboratory in 2016 – the...