Investor TV is part of the Think Digital Group. By signing in with social media you are agreeing to our terms and conditions. Milton Ezrati, chief economist at Vested, considers how the AI revolution will unfold and how regulation over AI applications will impact the banking and finance sector.

SINGAPORE: The Housing and Development Board (HDB) has rolled out the use of artificial intelligence (AI) to enhance worker safety at its construction sites. This AI system will focus on two scenarios which are common causes of worksite accidents, based on data from the Ministry of Manpower, HDB said in a media briefing on Thursday (Sep 12). The system will monitor workers who come within one metre of a non-barricaded edge with a drop of more than two metres and those who are under the path of heavy loads lifted by tower cranes. Currently, construction work sites rely on manual supervision by site supervisors and Workplace, Safety and Health Officers (WSHO) to ensure compliance with safety standards. According to HDB, this is a "resource intensive endeavour", requiring multiple WSHOs and supervisors.

IQPC Middle East's second Artificial Intelligence Week was hosted at the Oberoi Hotel Dubai and organized with the official support of the Department of Health – Abu Dhabi. Inaugurated by Sheikha Maryam Al Qasimi, Government Relations and Protocol Specialist for Lead Ventures at The Office of Sheikh Sultan bin Abdullah Al Qasimi, and Sheikh Majid Al Mualla, Divisional Senior Vice President International Affairs at Emirates, the event saw participation from influential and leading organizations including the Prime Minister's Office, Dubai Healthcare City Authority – Regulation (DCHR), UAE's Ministry of Health and Prevention, Smart Dubai, ING, Commercial Bank of Dubai, Al Zahra Hospitals, Saudi Aramco, King Abdulaziz City of Science and Technology, and many more. Knowing the central role AI plays, the Department of Health -- Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, has been the first entity in the MENA region to pursue and launch an artificial intelligence policy for the healthcare sector. Dr. Hamed Al Hashemi, Director, Strategy Division at Department of Health, Abu Dhabi said: "In utilizing tech-based solutions like AI we can build a future-proof healthcare system. These systems are capable of providing more efficient, safe and evidence-based quality of care while forging ahead with bringing new, innovative ways of healthcare services delivery."

A former Google engineer has expressed fears about a new generation of robots that could carry out'atrocities and unlawful killings'. Laura Nolan, who previously worked on the tech giant's military drone initiative, Project Maven, is calling for the ban of all autonomous war drones, as these machines do not have the same common sense or discernment as humans. Project Maven focused on enhancing drones with artificial intelligence (AI) to distinguish enemy targets from people and other objects – but was discontinued after employees protested the technology in development, calling it'evil'. Nolan, who left Google in 2018 in protest against the US military drone technology, is now calling for all drones not operated by humans to fall under the same ban as chemical weapons, according to The Guardian. Former Google engineer has expressed fears about a new generation of robots that could carryout'atrocities and unlawful killings'.

The Lynx Infantry Fighting Vehicle - file photo. Streamlining multiple targeting sensors to destroy long-range targets, arming forward-positioned robots to penetrate enemy defenses and receiving organized weather-specific terrain mapping from nearby drones - are all emerging combat dynamics increasingly made possible by AI-enabled weapons and technologies. New applications of AI are consolidating data from otherwise disparate sensor systems, analyzing seemingly limitless amounts of targeting data in seconds and instantly sifting through hours of drone video to massively improve attack options and shorten "sensor-to-shooter" time. "We are developing an AI stack regarding how we pull together the sensors, computing layer and analytics to manage the data," Col. Doug Matty, Army AI Task Force Deputy Director, told Warrior in an interview. New algorithms, AI-enabled computer processing and high-speed networking are all specific elements of work now underway with the Army's AI Task Force, an emerging Army effort to collaborate with industry and academia, find technology breakthroughs and develop new applications for AI, Matty explained.

President Trump says the U.S. is'locked and loaded' against the attackers of a key Saudi oil facility'depending on verification'; Mark Meredith reports. Cruise missiles and drones used in the weekend assault on Saudi Arabia's oil installations were launched from Iranian soil, U.S. officials told Fox News on Monday. The early morning strikes Saturday that hit Aramco's main crude processing facility knocked out 5.7 million barrels of daily oil production for Saudi Arabia -- or more than 5 percent of the world's daily crude production. Defense Secretary Mark Esper attended an emergency National Security Council meeting on Sunday at the White House along with Vice President Pence, where military options were discussed, officials told Fox News. Earlier Monday in Austria, Energy Secretary Rick Perry placed the blame for the attack squarely on Iran.

With over 15 years of experience in Fraud and AML, and over 25 years of experience in financial services, Dan has helped countless customers solve their financial crime challenges in banking, insurance and government. Dan started out his career in IT, then moved to the business side to help business units implement technology. He then moved into Financial Crimes when consulting at TD Bank on their AML implementation in 2003. From there, Dan joined SAS and was the Fraud lead for Canada. Dan departed SAS for 5 years and gained further experience with TransUnion as the Director of Fraud and ID management.

Data quality rules are the hidden champions of data cleansing tools – these help improve the quality of the master data records in data quality tools. Based on different data quality dimensions, data stewards establish different quality rules to determine if a data set is of good or poor quality. Creating data quality rules can be very time consuming. An easy approach could be to adopt proven algorithms, which already work very well in the context of customer and vendor data within our data sharing community. Today, we would like to introduce one of our virtual employees to you: Our data quality rule number 1297;"DQR-1297", for short.

READING, England and SHANNON, Ireland, September 16, 2019 ― Extreme Networks, a software-driven networking company, announced today that it will invest 3 million Euro to expand its R&D program in Shannon, Ireland. The investment will create 20 new jobs in engineering, data science, and software engineering over the next two years, with the Irish government providing additional funding in the form of research, development, and innovation grant worth over 500,000 Euro. The newly established R&D team will focus on developing a next-generation cloud portal for network applications and services, as well as a state-of-the-art AI-based security system for the Internet of Things (IoT). The Shannon R&D base is part of a long-term strategy by Extreme Networks that will result in the creation of a substantial number of highly specialized engineering jobs in the region over the next five years. With the network industry currently experiencing clear shifts in spending patterns as enterprises focus more on applications and security over physical hardware, this support for the program in Shannon is the next step in building a new'Cloud and AI Centre of Excellence' for Extreme Networks.

This article is part of Fast Company's editorial series The New Rules of AI. More than 60 years into the era of artificial intelligence, the world's largest technology companies are just beginning to crack open what's possible with AI--and grapple with how it might change our future. Click here to read all the stories in the series. Artificial intelligence is still in its youth. But some very big things have already happened.