Jokingly dubbed "deal prevention units" by some front-office staff, compliance teams now have the third most-stressful City jobs after that of an investment banker and a trader. Pre-crisis, pre-Brexit and pre-cybercrime, compliance used to be (almost!) a stress-free job with regular hours. As regulatory pressure intensifies and personal liability mounts, compliance officers are under increased pressure do the right thing every time, personally and professionally. Our latest research, The Cost of Compliance and How to Reduce It, shows that a typical European bank, serving 10 million customers, could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the "Know Your Customer" (KYC) processes. Following new EU Anti-Money Laundering (AML4/5) and Counter-Terrorist Financing (CTF) rules extending the scope of KYC requirements, the cost each year of punitive non-compliance fines is now €3.5 million.

Hoan Ton-That, CEO of creepy facial recognition company Clearview AI, made the bold claim on Tuesday that his company has the right to publicly posted photos on Twitter and wielded the First Amendment as his reason. Clearview AI faced heat after it was discovered they had mined billions of publicly accessible images from Facebook and Ton-That's comments prove the company isn't backing down. EXCLUSIVE: The founder of a facial recognition company described as both "groundbreaking" and "a nightmare" is speaking out. In an interview with CBS This Morning, Ton-That was asked about Twitter's cease-and-desist order requesting that his company stop scraping it's data and delete everything Clearview AI has collected from the platform. In response, the facial recognition CEO claimed his company has a first amendment right to the data.

The contract is for a project related to improving situational awareness for the Canadian Armed Forces ("CAF") and security personnel using video analytics, artificial intelligence and augmented reality. This project will continue previous work completed by Xtract.ai for the CAF to develop technology solutions to augment the situational awareness of their soldiers and address the following challenges: Work will proceed in multiple phases, including the design, development and deployment of advanced machine learning models, proprietary data sets and integration with advanced visualization hardware. "We're very excited to leverage the Xtract.ai The Xtract.ai team is already under way in the project's design and development phase, and will make announcements, as required, on the progress of its efforts in achieving the goals of Canadian Department of National Defense. The firm has an award winning, highly skilled team that develops AI solutions to solve challenges across computer vision (CV), natural language processing (NLP), anomaly detection, and time-series analysis for applications ranging from security and defense to environmental solutions and healthcare.

The US Army wants to develop technology that gives its soldiers the ability to'see' through walls. In a request for information highlighted by Netxgov, the Army says it wants help from industry experts in developing a technology it calls Sense Through the Wall (STTW) System. That system would give soldiers the ability to identify important objects like improvised explosive devices or human combatants through sold surfaces, like a wall. The US Army wants its soldiers to be able to'see' through walls using a system that can sense objects and humans to help avoid IEDs and enemy combatants (stock image) 'The intent of this market survey is to identify potential man-portable systems that give the Soldier the ability to detect, identify, and monitor persons, animals, and materials behind multi-leveled obstruction(s) from a long standoff range,' reads the request sent out late last month. Among the system's abilities, according to the request, will be detecting and mapping the structure of'hidden rooms, passages, alcoves, caches, etc. including those underground.'

Google CEO Sundar Pichai is calling for regulations on artificial intelligence, warning that the technology can bring both positive and negative consequences, AP reports. Why it matters: Lawmakers are largely scrambling to play catch-up on AI regulation as the technology continues to grow. Pichai did not provide specific proposals, but did urge while speaking at the Bruegel European economic think tank Monday that "international alignment" between the United States and the European Union will help ensure AI is used primarily for good.

You've heard of Artificial Intelligence (AI), but what about Applied Intelligence? AI may be the talk of the town, but it's not a silver bullet. That's where Applied Intelligence comes in: It's our unique approach to combining AI with data, analytics and automation under a bold strategic vision to transform your business--not in silos, but across every function and every process, at scale. Applied Intelligence helps you maximize your existing investments and then extend new technologies across your business. With more than 6,000 deep AI experts and 3,000 data scientists, plus the flexibility to work with almost any technology partner, we can help you evaluate, maximize and scale opportunities as they arise--just one reason why 100% of industry analysts consider us among their category leaders.

If you ever have some moments of spare time, in which you really don't know what to do…, well: then what about chatting some minutes with a bot? And I believe, actually it is! But… there is also a reasonable motivation for doing it. I think that we human beings should talk from time to time with these programs, just to verify if it is really true that they are becoming more "intelligent" as time goes by. One of the world's best chatbots (or maybe even the best at all) is Mitsuku. Its creators present this conversational AI as 18-year girl on their website https://www.pandorabots.com/mitsuku/, The last time I chatted with her was about one year ago.

EU member states need to turn their declarations of intent about international cooperation on technological sovereignty into real projects. According to Kai-Fu Li, former president of Google China, Europe has little chance of winning even the "bronze medal" in the global race to develop artificial intelligence (AI). Although this sounds like a harsh judgment, there seems to be widespread agreement among analysts, commentators, and policymakers that Europe is missing the boat on technological innovation in general and AI in particular. Excessive regulation, a business environment ill-suited to start-ups, a lack of investment – the list of grievances is long. But, while these concerns are not completely unfounded, they are somewhat self-flagellating.

The Medicaid Innovations Forum is a highly anticipated annual event that offers a unique combination of forward-thinking perspectives, first-hand case studies and examples of true innovation from both Medicaid managed care plans and state government agencies. Visit the AllazoHealth Booth at the Medicaid Innovations Forum to learn how we are leveraging artificial intelligence to identify adherence risk for individual high-risk Medicaid patients with chronic disease and multiple medications. Join us in Orlando to discover how AllazoHealth can provide specific and effective interventions to help Medicaid managed care plans improve patient behaviors and meet quality measures to achieve HEDIS score goals. To make an appointment to meet with an AllazoHealth representative at the Medicaid Innovations Forum, contact us today. AllazoHealth is a healthcare AI solution that uplifts adherence by predicting individual patient behavior and specifying personalized interventions.

Indian Institute of Technology Madras students were part of an international research project led by a Queen's University Belfast Researcher in the U.K. who has developed an innovative new algorithm to make Artificial Intelligence (AI) fairer and less biased when processing data. Dr. Deepak Padmanabhan, Researcher at Queen's University Belfast and Adjunct Faculty Member at IIT Madras, has been leading an international project, working with Ms. Savitha Abraham and Ms. Sowmya Sundaram, PhD Students, Department of Computer Science and Engineering, IIT Madras, to tackle the discrimination problem within clustering algorithms. Companies often use AI technologies to sift through huge amounts of data in situations such as an oversubscribed job vacancy or in policing when there is a large volume of CCTV data linked to a crime. However, while AI can save on time, the process is often biased in terms of race, gender, age, religion and country of origin. Dr. Padmanabhan said that AI techniques for exploratory data analysis, known as'clustering algorithms', are often criticised as being biased in terms of'sensitive attributes' such as race, gender, age, religion and country of origin.