Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.

 

Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.

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Huawei plans to invest $140 million in AI talent education

Huawei plans to invest $140 million in AI talent education

The Chinese tech giant released its “AI Developer Enablement Programme” under which it plans to invest $140 million in AI talent education

The programme will help Huawei collaborate with developers, partners, universities and research institutions to build a better development ecosystem than can support AI resources, platforms, courses and joint solutions.

Zheng Yelai, Vice President of Huawei and President of Huawei Cloud BU, stated on the last day of Huawei Connect 2018: “Huawei’s AI Developer Enablement Programme offers a platform for technical communication, talent training, and innovation to developers, tutors, and Huawei partners.”

For developers, the programme covers 20-hour free introductory training, three-week beginner AI training camp, AI developer contests, innovation incubation camp for top talent to help transform R&D success into commercial applications.

The company will support its partners by building joint solutions based on Huawei’s AI computing platform and development platform to promote AI application in multiple industries.

“It will also help in setting up an AI promotion alliance to build a joint innovation lab, providing 1,000 sets of free development environments, including development modules and boards,” he stated.

The company said that it would provide its first 20 partners with expert resources, support joint solutions and offer extra support for AI product launches and technical implementation.

Huawei said it was planning to invest over $140 million towards this development plan.

For the purpose, the company will collaborate with universities and scientific research institutes to develop AI course, publish text books and support scientific research and talent training—along with assisting in building AI labs.

At present, Huawei has started developing AI talent at eight universities in China, including Institute for Interdisciplinary Information Sciences of Tsinghua University, the University of Science and Technology of China, Zhejiang University, Shanghai Jiao Tong University, Nanjing University, Southeast University, Xidian University, and the Institute of Acoustics of the Chinese Academy of Sciences.

The company’s university and business partners include: Visystem, Gosuncn, iLumintel, WINNER Technology, Riseye, Malong Technologies, SenseTime, Seemmo, Yitu Tech, YISA, Exocr Technologies, Cloud Walk, and Intellifusion were present at Huawei Connect here to witness the launch of Huawei’s AI Developer Enablement Programme.

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