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UK regulators host first Forum to assess use of AI in financial services

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The Financial Services AI Public Private Forum brings the UK's Financial Conduct Authority (FCA) and Bank of England (BoE) together with AI experts from financial services, tech, and academia, to assess whether additional guidance or regulation is needed to support the safe adoption of AI in financial services, per the FCA. The Forum will host a series of quarterly meetings and workshops over the next year to discuss AI uses and benefits, constraints to deployment, and potential risks. The FCA and BoE opened the Forum to membership applications in October 2019, following the publication of their report on the application of AI in UK financial services. The Forum aims to tackle AI-related risks amid rising adoption within UK financial services. We think the Forum should add more fintech members to get a better understanding of AI use in the UK and establish guidelines.


Why We Must Prepare for AI Attacks

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AI has disrupted traditional business practices from customer support through to fraud detection. Unfortunately, every legitimate use of technology has a flip side. We can expect the bad guys to start using AI too, creating a wave of machine learning-powered cyber-attacks. AI-based attacks are still relatively rare, but they have lots of potential to grow. Its key benefit is automation.


Army partners with University of Illinois on autonomous drone swarm technology

FOX News

Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. Army researchers are working with the University of Illinois Chicago on unmanned technology for recharging drone swarms. The university has been awarded a four-year, $8 million cooperative agreement "to develop foundational science in two critical propulsion and power technology areas for powering future families of unmanned aircraft systems," according to a statement released by the Army Research Laboratory. "This collaborative program will help small battery-powered drones autonomously return from military missions to unmanned ground vehicles for recharging," the Army added.


GeckoSystems

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Corp. (PINKSHEETS: GCKO) -- announced today that one of their care giver participants has "looked in" on her mother while shopping. Her testimonial characterizes some of the benefits she is realizing from the CareBot and its remote monitoring and telepresence capabilities. GeckoSystems is a dynamic leader in the emerging Mobile Service Robot (MSR) industry revolutionizing their development and usage with their "Mobile Robot Solutions for Safety, Security, and Service ". "In the past I have not been able to'look in' on my elderly mother at home alone while I was out shopping. There was always a concern if she was okay during my absence, especially if she had some new health issue. Today, for the first time, I was able to watch her while grocery shopping at Ingles with the help of her CareBot. "I took my Dell netbook with me.


What Is Neuromorphic Computing & How Is It Transforming AI Research

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Recently Intel Corp. delivered fifty million artificial neurons to Sandia National Laboratories, which is equivalent to the brain of a small mammal. The shipment is first in a three-year series, by the end of which they are expecting the number of experimental neurons in the final model to reach 1 billion or more. This collaboration aims to boost neuromorphic computing solutions to newer heights while prototyping the software, algorithms, and architectures. "With a neuromorphic computer of this scale, we have a new tool to understand how brain-based computers can do impressive feats that we cannot currently do with ordinary computers," said Craig Vineyard, project leader at Sandia. Researchers believe that improved algorithms and computer circuitry can create broader applications for neuromorphic computers.


Applications of GANs - 5 Influential Video Presentations

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Are GANs the next step in Deep Learning? Well, the subset of Machine Learning was once described by Yoshua Bengio as the most interesting idea in the last 10 years of ML, with the technique of using two neural networks against each other to generate new, synthetic instances of data that can pass for real data, opening many doors in the world of AI. That said, we wanted to explore some of the applications of GANs currently being used through the below 5 must-watch presentations from DeepMind, NASA, MIT, Insitro and Universitรฉ de Montrรฉal. In this presentation, Francesco introduces a new deep generative model for the genetic analysis of medical imaging, combining both convolutional neural networks and structured linear mixed models to extract latent imaging features in the context of genetic association studies. The linked presentation includes an application of the method to brain MRI images from the Alzheimer's Disease Neuroimaging Initiative dataset, where we reveal novel and known risk genes for neurological and psychiatric disorders. Genetic association studies and the process of evaluation during study is covered before looking at both the phenotypes and genetic variants of participants.


AI Put to Work to Help Assess Structural Integrity of Bridges - AI Trends

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AI is being applied to assess the health of civil infrastructure through systems that test the integrity of bridges. A civil engineering assistant professor at The University of Texas at Arlington is working to better understand a bridge's structural health by combining machine learning with traditional monitoring measurements, according to a press release from the University of Texas at Arlington (UTA). The 18-month, $122,000 grant to Dr. Suyun Ham of the Civil Engineering department is part of UTA's membership in the Transportation Consortium of South-Central States (Tran-SET), a U.S. Department of Transportation Center administered by Louisiana State University. He will test his models in Dallas and Fort Worth. The systems in place to monitor bridges today are weight-in-motion systems with sensors that measure vibrations, strain, and deflection.


Council Post: How Criminals Use Artificial Intelligence To Fuel Cyber Attacks

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Steve Durbin is Managing Director, Information Security Forum. He is a frequent speaker on the Board's role in cybersecurity and technology. As artificial intelligence (AI) breaks into the mainstream, there is a great deal of misinformation and confusion about what it's capable of and the potential risks it poses. Our culture is rich with dystopian visions of human ruin at the feet of all-knowing machines. But many people also appreciate the potential good AI might do for us through the improvements and insights it could bring.


Alan Turing - Father of Artificial Intelligence (A.I)

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Alan Turing was born on 23 June 1912 in London, in a well settle family. After he completed his studies and P.hd. He was a mathematician, computer scientist, logician, philosopher, and theoretical biologist and developed various algorithm. He is know as "father of AI (Artificial intelligence). He was the first person who has given the idea or basically the theory that when we born your frontal cortex is unorganised as we proceed to further it slowly started organising by feeding information into it and after years the human develop the persuade of thinking or the ability to create thought and this same can be also used in machine.


Artificial Intelligence applied to auditing

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Increasingly, Tax Administrations (TAs) use new ICTs to be more effective and efficient in their management, and the digitalization process has accelerated exponentially in the current circumstances. Within this new technology, Artificial Intelligence (AI) presents multiple benefits for TAs, since it transforms data into a knowledge and impact asset for tax and customs management, and thus can achieve the intelligent use of such data and the way it interacts with taxpayers. The combination of AI, Internet of Things (IoT), Data Analysis and Data Analytics, will give exponential benefits through the collection and analysis of a large volume of taxpayer data in real time for better decision making that will positively impact several administrative areas of the TAs. In the collection function, AI is used to predict the collection, in customs at airports with facial recognition systems, among many other uses that will surely continue to be enhanced in the future. In this commentary, I would like to share some concrete examples of AI applied in audits or audits, both in massive or extensive controls and in intensive controls.