Tech billionaire Elon Musk believes artificial intelligence could be catastrophic for humanity who are set to become a cyborg race which will have to grapple with 15 percent of the global workforce being without a job. The creative genius added a "universal income" would have to be introduced for the global population because robots will do everything. Speaking at the World Government Summit in Dubai, the entrepreneur also told the 4,000-strong conference he saw space flights to the far reaches of the solar system being as common as a plane ride in 50 years. And self-driven cars were just 10 years away from usurping human driven vehicles completely. The business magnate, who was being interviewed by Mohammad Abdulla Alergawi, the Minister of Cabinet Affairs and the Future for the UAE, told the slightly perplexed crowd: "One of the most troubling questions is artificial intelligence. I don't mean narrow AI – deep artificial intelligence, where you can have AI which is much smarter than the smartest human on earth. This is a dangerous situation."

HYDERABAD: For India's smart city initiative to succeed there is a need to build artificial intelligence (AI) systems that are adaptive in nature. This was the theme set at the "Artificial intelligence and society" symposium held at International Institute of Technology (IIIT) on Saturday. "The first computer came to India in 1964. We have moved a long way from there. In 1968 we went for government permission to use computers in Mumbai electrical grid, it took us one year to negotiate and implement. We were among the first countries to do it," said FC Kohli, founder of Tata Consultancy Services (TCS).

DAILY VIDEO: Verizon negotiates down to $4.55B for Yahoo transaction; Congressional staffers see Russian hacking, FISA vote as priorities; IBM launches machine learning for z System mainframes; and there's more. DAILY VIDEO: White House withholds cyber-security order for further revision; Cortana to help Windows... DAILY VIDEO: Kaspersky discovers new malware designed to stealthily steal data; Microsoft to shield... DAILY VIDEO: Federal court says Google must turn over data in foreign servers; Cisco report: mobile... DAILY VIDEO: Windows 10 Cloud leak points to potential Chrome OS fighter; TiVo's analytics pinpoint... DAILY VIDEO: Google drops hands free mobile payment app; Microsoft Outlook on iOS welcomes Evernote... DAILY VIDEO: Snap Inc. makes it official, will go public next month; Microsoft sharpens Edge browser... DAILY VIDEO: Japan's supreme court backs Google in'right to be forgotten' case; HPE acquires... DAILY VIDEO: Flock adds "fake news" detector to collaboration platform; Google upgrades security... Dell's latest Intel-based PowerEdge servers bring new levels of operational efficiency and... The Dell PowerEdge R630 is a mainstream 2S/1U rack server that delivers incredible density across a... With the introduction of the Dell PowerEdge FM 120x4, Dell and Intel are bringing to market a server... The Dell PowerEdge R730xd, also based on Intel Xeon processors, is one of the world's densest...

Microsoft Corp. is trying again in health care, betting its prowess in cloud services and artificial-intelligence can help it expand in a market that's been notoriously hard for technology companies. A new initiative called Healthcare NExT will combine work from existing industry players and Microsoft's Research and AI units to help doctors reduce data entry tasks, triage sick patients more efficiently and ease outpatient care. "I want to bring our research capabilities and our hyper-scale cloud to bear so our partners can have huge success in the health-care world," said Peter Lee, a Microsoft Research vice president who heads Healthcare NExT. Microsoft has tried to expand in health care before, with mixed results. It had a Health Solutions Group for many years, but combined that into a joint venture with General Electric Co.

Automation and Artificial Intelligence: Threat or Help? There are over 5 million search results when you Google, "Will artificial intelligence replace humans?". The doomsday scenario and visceral fear created by the potential "rise of the machines" has people like Elon Musk describing artificial intelligence as "summoning the demon," and the biggest threat facing the world. Advances in technology can absolutely simplify certain processes, buying behaviors and reduce operational costs. Just look at what Amazon has done to the retail sector, and not the least of which at where it's taking consumer goods purchasing, with its newly released Amazon Go.

It is that special time of year: Cold and crisp outside, leaves rustling, the perfect setting to announce - this is the end of AMD (NYSE:AMD) (again). Same tired voices hark the end of AMD -- and we would agree, it is over for AMD (AMD) but not in the way the doom and gloom crowd would think. We agree it is the end of the - old - AMD, the one that stood on the brink. A new AMD is being born. Some are mystified how such a company could make a comeback and are equally blind as to see the future of the company and the long-term game plan.

Babak Hodjat believes humans are too emotional for the stock market. So he's started one of the first hedge funds run completely by artificial intelligence. "Humans have bias and sensitivities, conscious and unconscious," says Hodjat, a computer scientist who helped lay the groundwork for Apple's Siri. "It's well documented we humans make mistakes. For me, it's scarier to be relying on those human-based intuitions and justifications than relying on purely what the data and statistics are telling you."

A toddler meanders unsteadily through the living room, pausing by a sleek black cylinder in the corner. "Alexa," he says in a high-pitched voice. The cylinder acknowledges the request, despite the muffled pronunciation, and the music starts. Alexa, a cloud-based speech recognition software from Amazon and the brain of its black cylindrical loudspeaker Echo, has been a big hit around the world – except for the younger ones, who take it for granted. Children will grow up alongside it, just as Alexa will evolve, as the AI powering it learns to answer more and more questions, and – perhaps – one day even converses freely with people.

Writing content can be a headache for website managers. Producing it takes time, skilled manpower and money. In the current digital reality, brands, companies and small to midsize business owners must have a website in order to maintain contact with clients and attract new ones. In addition, they need to have an email distribution list and profiles on social networks. There are currently over one billion content websites across the globe.

With the evolution of the united payments interface, India's leading HDFC Bank's Aditya Puri, is critical of the future of digital wallets like Paytm and their promise of offering interest rates to consumers on savings post the launch of payment banks. Paytm is expected to launch its Paytm Bank next week. Sharply criticising the Paytm model, the Managing Director of country's second-biggest private lender, said any model that is based on not making money is not viable in the long run. Puri told Entrepreneur that just being a wallet is not going to be viable, and that wallets will have to create a bigger universe."Wallets Now when banks have wallets, why would users use external wallets," asks Puri.