Artificial Intelligence

Artificial intelligence (AI) is intelligence exhibited by machines. In computer science, an ideal "intelligent" machine is a flexible rational agent that perceives its environment and takes actions that maximize its chance of success at some goal. Colloquially, the term "artificial intelligence" is applied when a machine mimics "cognitive" functions that humans associate with other human minds, such as "learning" and "problem solving". As machines become increasingly capable, mental facilities once thought to require intelligence are removed from the definition. For example, optical character recognition is no longer perceived as an exemplar of "artificial intelligence", having become a routine technology. Capabilities currently classified as AI include successfully understanding human speech, competing at a high level in strategic game systems, self-driving cars, and interpreting complex data. Some people also consider AI a danger to humanity if it progresses unabatedly.

Banking has hardly changed until very recently. Yes, in the early 2000’s we started slowly adopting telephone banking, then there was Internet banking, now there is mobile banking. However, all of this ‘innovation’ simply changed how we access banking, not how we bank. I believe the upcoming changes  will change how we bank too, hopefully, making it more secure and convenient.

Photographs of 100 Euros notes accompanying the Company Connecting articleBanking in 2025 by Alex Nechoroskovas

Today's nutshell is David Eccles, Director of Wallscope. Wallscope is focused on developing Artificial Intelligence tools which semantically enhance ‘non semantic’ pieces of content.

Wallscope was formed to enable David and his colleague Ian Allaway to  build on the research and development they had carried out in the area of semantic technology and linked data principles.

Picture of Alice Cooper with Salvador Dali - for the article on David Eccles of Wallscope - experts in artificial intelligence and Semantic technologies