Asia
Artificial intelligence is key to defeating future hackers
In the heat of battle, it's hard to separate the signal from the noise--a phenomenon that's known as the "fog of war." This is what's happening in field of cybersecurity now. Amid all the noise of the presidential election, the actual and the rumored hacking, a vital signal is being missed: the fact that there is a dramatic shift in cyber attacks. As a veteran of the cybersecurity market, I've worked with a lot of young and mature companies to help shape their security plans into battle-ready solutions. And it has been a busy few decades--because ever since the dawn of e-commerce, companies have been playing catch-up with ever more sophisticated, malicious and insatiable adversaries.
Banks to Use Artificial Intelligence for Better Customer Interaction
In the next stage of artificial intelligence (AI) adoption, banks will use AI to help understand the intentions and emotions of customers for better interaction, a new report from Global professional services company Accenture said on Wednesday. According to the "Accenture Banking Technology Vision 2017" report, more than three-quarters (78 per cent) of bankers globally and 87 per cent in India believe that AI would enable simpler user interfaces eventually helping them create a more human-like customer experience. In addition, four out of five global respondents (79 per cent) and nearly nine out of ten (87 per cent) bankers in India believe that AI would revolutionise the way banks gather information and interact with customers. "Indian banks are embracing digital solutions for interacting with customers; the next step is implementing the enabling power of AI," Piyush Singh, Managing Director and Head of Accenture Financial Services group in India, said in a statement. According to the report, three-quarters (76 per cent globally) and 83 per cent in India believed that within three years banks would deploy AI as their primary method for interacting with customers.
Artificial Intelligence and Internet of Things Attract Almost Half of InsurTech Funding Globally in 2016, According to Accenture Research
The research, which includes new analysis of CB Insights data on 450 insurtech deals over the last three years, appears in a new Accenture report titled "The Rise of InsurTech." The report was released today in conjunction with Accenture's Fintech Innovation Lab in London, which for the first time includes a dedicated insurtech stream comprising leading industry startups. According to the report, the combined number of deals across AI (including automation) and the IoT (including connected insurance) increased 79 percent in 2016. Even though the two technologies represented only one-quarter (24 percent) of the 216 insurtech deals globally last year, they accounted for 44 percent or US$711 million of total insurtech investment – compared with just 10 percent of global insurtech investment in 2015. "We've seen a rapid acceleration of investment into and deal activity around intelligent automation and IoT start-ups over the last 12 months," said Roy Jubraj, a co-author of the report and Accenture's Digital & Innovation lead in the company's Financial Services practice in the U.K. and Ireland.
Nintendo Switch fans targeted by cybercriminals with fake competitions and emulators
Scammers are attempting to trick Nintendo Switch fans into downloading malicious software by falsely promising to provide access to emulators for the console. Researchers from Norton by Symantec have found that criminals are using a variety of websites and YouTube videos to take advantage of internet users. Searching "Nintendo Switch emulator" on YouTube brings up a selection of videos, the most popular of which has over 75,000 views at the time of writing. Some of the clips tell viewers they can play Nintendo's The Legend of Zelda: Breath of the Wild on a PC by visiting a website and downloading a file. Others, which Norton by Symantec believes to have been deliberately designed to be generic so they can be repurposed for other trending search terms, show a person refer to "free tools" but never explicitly mention the Switch emulator.
Self-driving Uber software behaved like a human before crashing, suggests eye-witness
New details about the recent Arizona car crash involving a self-driving Uber have emerged, and suggest that the vehicle's software may have made a risky decision seconds before the collision. According to a police report, the self-driving Volvo had been travelling along a wide boulevard with a 40mph speed limit. It was in self-driving mode at the time and was carrying two'safety' drivers, who say it was travelling at 38mph. The traffic lights that the Uber car was approaching turned yellow as it entered an intersection, where a Honda on the other side of the road made a left turn. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph.
AI And Automation By The Numbers: Predictions, Perceptions, And Proposals
Treasury Secretary Steve Mnuchin declared last week that the threat of artificial intelligence taking over American jobs "is not even on my radar screen." Mnuchin is "not worried at all," at least not for the next 50 to 100 years. This was in sharp contrast to the attitude of the previous administration. President Obama, for example, opined that "We've been seeing specialized AI in every aspect of our lives, from medicine and transportation to how electricity is distributed, and it promises to create a vastly more productive and efficient economy… But it also has some downsides that we're gonna have to figure out in terms of not eliminating jobs. How good or bad AI will be for employment and how soon its beneficial or detrimental effects will manifest themselves have been debated--loudly and persistently--over the last few years.
Analysis We're so unprepared for the robot apocalypse
Economists have long argued that automation, not trade, is responsible for the bulk of the six million jobs shed by the manufacturing sector over the last 25 years. Now, they have a put a precise figure on some of the losses. Industrial robots alone have eliminated up to 670,000 American jobs between 1990 and 2007, according to new research from MIT's Daron Acemoglu and Boston University's Pascual Restrepo. The number is stunning on the face of it, and many have interpreted the study as an indictment of technological change -- a sign that "robots are winning the race for American jobs." But the bigger takeaway is that the nation has been ill-equipped to deal with the upheaval caused by automation.
Police say crime drops with video doorbells
Ring founder Jamie Siminoff tells Jefferson Graham how his video doorbell and companion products spook burglars and help curb crime, on #TalkingTech. The video doorbell, out since 2013, has expanded into a suite of products that also include new motion detection lights with companion camera (new), a standalone security camera and chimes to bring traditional audio to the doorbell. The added inventory helped push the company to sales that more than doubled in 2016. Ring founder and chief inventor Jamie Siminoff has positioned the company as a tech Batman, a product that can help keep the burglars away. The Ring doorbell connects to Wi-fi, and when it's rung, you get a notification on your phone that allows you to see who's out there, and say "Who's at the door?" from inside the house, at work, or even on vacation.
Bankers Believe Artificial Intelligence Is Key to Creating a More-Human Customer Experience, According to Accenture Report
NEW YORK, LONDON & HONG KONG--(BUSINESS WIRE)--In the next stage of artificial intelligence adoption, banks will use AI to help understand the intentions and emotions of customers and enable better interactions, according to a new report from Accenture (NYSE:ACN). The report, Accenture Banking Technology Vision 2017, draws on the analysis of an advisory board of more than two dozen individuals, interviews with technology luminaries and industry experts, and results of a survey of more than 600 bankers. According to the report, more than three-quarters (78 percent) of bankers believe that AI will enable simpler user interfaces that will help banks create a more human-like customer experience. In addition, four out of five respondents (79 percent) believe that AI will revolutionize the way banks gather information and interact with customers, and three-quarters (76 percent) believe that within three years, banks will deploy AI as their primary method for interacting with customers. "Consumers' diverse needs and priorities are forcing financial services firms to redefine how they interact with them to determine the best products and services to meet individuals' needs," said Alan McIntyre, a senior managing director at Accenture and head of the company's Banking practice.
iPhone 5 could lose access to future Apple software updates
Apple could be about to drop support for older models of the iPhone. The company's developer downloads webpage lists all of the devices that are in line for the upcoming iOS 10.3.2 update, which is currently in beta. Missing from the list are the iPhone 5, iPhone 5C and fourth-generation iPad. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph. The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar.