Using advanced algorithms, Mitra captures over 200 parameters and flags every transaction as red or green in real time. According to global information services company Experian's Asia Pacific Fraud Insights Report – 2017, of the 10 countries analysed in Asia Pacific, Indian consumers are the most vulnerable to online frauds. The results were based on analysis of fraud trends, and 48 percent of Indian consumers have experienced fraud at the retail level, either directly or indirectly, the report said. The report also highlighted that frauds are on the rise in all segments of lending and the highest frauds are in consumer loans (2.2 percent), credit cards (0.8 percent) and personal loans (0.72 percent). Gurugram-based ThirdWatch aims to change this scenario.

So is Dr. Roboto about to begin making rounds? No, but the potential use of the technology is significant. China faces a serious shortage of general practice physicians in rural areas. While Xiaoyi won't take the place of human doctors, iFlytek plans to launch the robot in March 2018 with the goals of assisting physicians improve their efficiency. Over the longer term, the company wants to use AI to train more general practitioners and improve cancer treatment.

Loaded with facial recognition technology and artificial intelligence that can keep tabs on people and their activities, the cameras represent a blessing for the security state and a nightmare for privacy advocates, dissidents and anyone else the Chinese government deems a threat.

From babysitting children to beating the world champion at Go, robots are slowly but surely developing more and more advanced capabilities. And many scientists, including Professor Stephen Hawking, suggest it may only be a matter of time before machines gain consciousness. In a new article for The Conversation, Professor Subhash Kak, Regents Professor of Electrical and Computer Engineering at Oklahoma State University explains the possible consequences if artificial intelligence gains consciousness. In a new article for The Conversation, Professor Subhash Kak explains the possible consequences if artificial intelligence gains consciousness. Most computer scientists think that consciousness is a characteristic that will emerge as technology develops. Some believe that consciousness involves accepting new information, storing and retrieving old information and cognitive processing of it all into perceptions and actions.

The most useful robots are purpose-built to aid or augment human endeavors. They build our cars, carry heavy objects, and even perform surgery. Over the last year, however, when it comes to robotics we've spent a lot of time scratching our heads wondering "is this really necessary?" Let's take a look at these robots you might find on an all-machine Island of Misfit Toys. Go ahead and skip ahead to the 00:55 second mark if you're not incredibly interested in robots carrying torches (though, once they enter politics we should all be concerned about that).

Wang Jian was once called crazy by Jack Ma Yun, the founder and executive chairman of Alibaba Group Holding, for suggesting that the company could have its own mobile operating system. That vision, however, proved prescient as smartphones powered by the company's YunOS mobile operating platform, which was developed by its Alibaba Cloud subsidiary, surpassed 100 million units last year. In addition, many of the Hangzhou-based e-commerce company's recent innovations are rooted in Alibaba Cloud, known as Aliyun in China, as domestic demand for data centre facilities and on-demand computing services delivered over the internet have grown rapidly. "It's not about whether I'm crazy or not, it's about this era," Wang, the chairman of Alibaba's technology steering committee, said in an interview in Hong Kong, where he met with some journalists to talk about his new book Being Online. "[This] is a crazy era, so many new things are happening."

In a crypto market flooded with new and bold ideas, DeepBrain Chain looks to be a first mover in the space of artificial intelligence on the blockchain. The industry is currently booming and by 2020 computer scientist's predict that most new software will include some form of AI. The Shanghai-based DeepBrain Chain will distribute 10 billion nep-5 tokens on the NEO blockchain with the expressed intent of being a disruptor in the market as a fast, efficient and cost-effective solution in AI technology. The company introduced its cloud platform in May 2017 and already boasts a working product with over 100 manufacturers using the platform including Microsoft, Samsung, Siemens, and Lenovo. DeepBrain is currently touring the USA presenting their platform alongside NEO and their social media is growing at an impressive rate in recent weeks.

One of the traditions of the Olympics is the torch relay, in which people carry the flame from Olympia, Greece to the location of the Games. In 2018, the Olympic Games will be held in Pyeongchang, South Korea, and the torch relay is currently underway. Earlier this week, the HUBO, the humanoid robot, carried the flame for part of its journey. HUBO only covered 150 meters (about 500 feet) with the torch, but its presence was largely symbolic. As part of its torch duties, HUBO performed an example of a disaster rescue operation in which it cut a hole in a brick wall (while still holding the torch). It was intended as a "display of innovation and creativity," according to PyeongChang 2018 Organizing Committee President LEE Hee-beom.

A new microscope will use image recognition software and machine learning technology to identify and count malaria parasites in a blood smear. The EasyScan GO, announced at MEDICA, the medical industry's leading trade fair, is the result of a partnership between the Global Good Fund, a Seattle-based group funded by philanthropist Bill Gates, and Motic, a China-based company that specializes in manufacturing microscopes. Field tests have demonstrated that the machine learning algorithm is as reliable as an expert microscopist in fighting the spread of drug resistant malaria. EasyScan GO is the latest example of Global Good's partnering to bring emerging technologies to health systems in low resource settings. Based at the invention company Intellectual Ventures, Global Good is focused on developing and deploying technologies for the poorest parts of the world.

Give us your feedback Thank you for your feedback. It is not often that a new profession springs up almost overnight. It is also unusual for many of the people who find their way into this new field to do it without the formal training provided by the normal institutions of higher education. Machine learning, as well as the allied field of data science, is developing in a way that looks unlike most other professional career paths that preceded it. It represents both one of the most promising employment opportunities of the next few years and a model for how people entering the workforce today adapt to changes in employment demands in future.