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Guest Post: How Artificial Intelligence Is Changing The Face Of Fraud

#artificialintelligence

The digital world is full of insecurities like identity fraud, cloning and many other vulnerabilities causing hurdle in achieving a secure environment. According to a study conducted by Javelin, it is recognised that 16.7 million people face identity fraud in the year 2017 and this figure is 8% above than a year before. The figure of data theft, illegal transactions and many other fraudulent larcenies increased rapidly in the past few years. Hackers with their new moves always try to breach in others system. Artificial Intelligence with its basic approaches of the machine and deep learning creates an accurate and efficient process solution to eliminate obstacles involved in the organisational processes.


ThetaRay raises $30 million to grow its AI-powered cybersecurity business

#artificialintelligence

ThetaRay, a big data analytics company based in Hod HaSharon, Israel, today announced that it raised more than $30 million in a funding round led by Jerusalem Venture Partners (JVP), GE, Bank Hapoalim, OurCrowd, SVB Investments, and others. That puts its fundraising total to date at about $60 million. "In this era when criminal activity and money laundering are increasing and becoming more sophisticated and also regulation is on the rise, there is a greater demand for our solutions," Mark Gazit, CEO of ThetaRay, said in a statement. "As the amount of digital information grows, you just can't protect it without artificial intelligence systems. ThetaRay offers the most advanced and mature solutions to detect threats before they happen."


OCTen: Online Compression-based Tensor Decomposition

arXiv.org Machine Learning

Tensor decompositions are powerful tools for large data analytics as they jointly model multiple aspects of data into one framework and enable the discovery of the latent structures and higher-order correlations within the data. One of the most widely studied and used decompositions, especially in data mining and machine learning, is the Canonical Polyadic or CP decomposition. However, today's datasets are not static and these datasets often dynamically growing and changing with time. To operate on such large data, we present OCTen the first ever compression-based online parallel implementation for the CP decomposition. We conduct an extensive empirical analysis of the algorithms in terms of fitness, memory used and CPU time, and in order to demonstrate the compression and scalability of the method, we apply OCTen to big tensor data. Indicatively, OCTen performs on-par or better than state-of-the-art online and online methods in terms of decomposition accuracy and efficiency, while saving up to 40-200 % memory space.


Connecting Weighted Automata and Recurrent Neural Networks through Spectral Learning

arXiv.org Machine Learning

In this paper, we unravel a fundamental connection between weighted finite automata (WFAs) and second-order recurrent neural networks (2-RNNs): in the case of sequences of discrete symbols, WFAs and 2-RNNs with linear activation functions are expressively equivalent. Motivated by this result, we build upon a recent extension of the spectral learning algorithm to vector-valued WFAs and propose the first provable learning algorithm for linear 2-RNNs defined over sequences of continuous input vectors. This algorithm relies on estimating low rank sub-blocks of the so-called Hankel tensor, from which the parameters of a linear 2-RNN can be provably recovered. The performances of the proposed method are assessed in a simulation study.


Breast Cancer Diagnosis via Classification Algorithms

arXiv.org Machine Learning

In this paper, we analyze the Wisconsin Diagnostic Breast Cancer Data using Machine Learning classification techniques, such as the SVM, Bayesian Logistic Regression (Variational Approximation), and K-Nearest-Neighbors. We describe each model, and compare their performance through different measures. We conclude that SVM has the best performance among all other classifiers, while it competes closely with the Bayesian Logistic Regression that is ranked second best method for this dataset.


What Data Science Actually Means To Manufacturing

#artificialintelligence

Sooner or later the data science jargon and marketing hype is going to subside, and manufacturing companies, among many other sectors, are going to find themselves sitting with broken promises. It is therefore important that these organizations understand clearly how they stand to benefit from and be empowered by data science and the challenges thereof. And with this in mind, In this article, I discuss the opportunities, challenges and potential sources of data associated with data science for manufacturing companies. If there is one sector that is set to benefit immensely from Big Data, it is manufacturing. Every individual and company are influenced by manufacturing one way or another, and the industry is sitting on vast amounts of data.


Review: Parrot Anafi Drone

IEEE Spectrum Robotics

Parrot was one of the first (if not the absolute first) companies to take a crack at the consumer drone space. The AR Drone came out in 2010 (!), and Parrot followed it up a solid upgrade in the AR Drone 2.0 a few years later. Since then, we've seen the Bebop, some clever flying toys, and had a bunch of fun with the fixed-wing Disco. But at this point, most consumers probably think DJI when they think of camera drones, because of how pervasive Phantoms and Mavics are. It's not like this caught Parrot by surprise or anything--two years ago, they saw the direction that the market was trending, and started working on a completely new consumer platform designed to be exceptionally easy to use and exceptionally portable, with the ability to produce exceptionally good aerial videos. Earlier last month, Parrot announced the Anafi, a US $700 consumer camera drone with a unique design and some unique features, coupled with the sort of thoughtful usability that we've come to expect from Parrot. We got a pretty good look at the drone in New York City, and have been trying one out over the past weeks. At Parrot's event in NYC, CEO Henri Seydoux introduced the drone with pictures like this: The idea, Seydoux said, was to build a drone like an insect, with a head (camera), thorax (electronics), and abdomen (battery).


Wars of none: AI, big data, and the future of insurgency

#artificialintelligence

When U.S. Special Forces entered Afghanistan in 2001, Facebook didn't exist, the iPhone had yet to be invented, and "A.I." often referred to an NBA star. Seventeen years later, American special operations forces continue to ride horseback in rural Afghanistan, but information technology has advanced rapidly. Recent breakthroughs in robotics and artificial intelligence (AI) have captured the popular imagination and prompted sober talk of an impending AI revolution. Yet surprisingly little of that talk has touched on the small wars and insurgencies that have dominated U.S. foreign policy in the 21st century. The definitive work on emerging technology and insurgency has yet to be written, but two recent books offer suggestions for how the era of big data and AI will affect the United States' modern conflicts.


Skills: AI, automation changing the core nature of work, warns McKinsey Internet of Business

#artificialintelligence

The average worker of the future is a socially adept leader, entrepreneur, and life-long learner with transferrable technology skills, who is also happy to work in a team, suggests a new McKinsey report. Chris Middleton looks at whether organisations can really find such people. Reports about the growing IT skills gap in digitally enhanced organisations have been circulating for as long as the internet has existed as a business tool, suggesting that the supposed urgency of fixing the problem has not been an impediment to many successful organisations. However, a new report from management consultancy McKinsey suggests that the rapid introduction of automation and artificial intelligence systems within companies is changing the very nature of work itself, as technologies increasingly augment some human skills, and replace others completely. Over the next decade, this will force companies to reconsider how work is organised internally.


The Pentagon Is Building a Dream Team of Tech-Savvy Soldiers

WIRED

Nicole Camarillo was touring the Army base at Fort Meade, Maryland in early 2017 when a young captain--I'll call him Matt, due to the sensitivity of his position--crossed her path. I've got to talk to that kid, Camarillo remembers thinking. Just weeks before, she'd seen Matt deliver a presentation on a tool he was developing to counter enemy drone strikes in the Middle East. The technology, he explained, was being developed on a "shoestring budget." As executive director of talent strategy at the US Army Cyber Command, a relatively new branch of the Army, Camarillo's job is to convince top employees in Silicon Valley that they should sacrifice their stock options and six-figure salaries and apply their technological know-how in the Army instead.