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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

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Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard

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Red Lobster’s 37-year-old CEO waited tables before joining the C-suite—he says it was a crash course in managing ‘difficult people and situations’
Uber Technologies

Uber Just Bought a Startup You’ve Never Heard Of. Here’s Why That’s Important.

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Polina Marinova
Polina Marinova
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By
Polina Marinova
Polina Marinova
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December 5, 2016, 11:18 AM ET
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Uber is no longer just dabbling in artificial intelligence — it’s going all in. On Monday, the tech giant announced the establishment of Uber A.I. Labs, a new research arm dedicated to A.I. and machine learning.

The move comes on the heels of Uber’s acquisition of A.I. startup Geometric Intelligence for an undisclosed amount. The two-year-old company focuses on machine learning techniques using a cognitive science approach. Though the under-the-radar startup has reportedly never published research or offered a product, its value is in its 15-person staff. Geometric CEO and founder Gary Marcus, a neural science professor at New York University and leading figure in A.I., will serve as the director of the A.I. Labs team at Uber. Uber will absorb all of Geometric’s employees, including renowned machine learning researcher Zoubin Ghahramani and deep learning expert specializing in evolutionary algorithms Jeff Clune.

This isn’t Uber’s first A.I.-related acquisition. In August, Uber acquired Otto, an autonomous truck and transportation startup for $680 million. Otto founder Lior Ron said he could improve the truck’s self-driving features using Uber’s driving data to build on its A.I. technology.

Related: Why These Artificial Intelligence Startups Joined Salesforce, Amazon, and Uber

The move into A.I. is an important one for Uber as it reinvents itself into a tech giant and leader in the A.I. field. With a $70 billion valuation, Uber is aggressively trying to prove that it’s no longer just a ride-sharing platform.

“They’re reinventing themselves as an AI company. They want to join the Big Four,” AI expert Oren Etzioni told Wired, referring to Google, Amazon, Facebook, and Apple.

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