The blossoming of fintech shows financial regulators need to update their tools, Rep. Patrick McHenry, possibly the next chair of the House Financial Services Committee, said today. Regulators need to start using Artificial Intelligence (AI) to adapt rules quickly to a rapidly changing financial system, a Republican Congressman who is often mentioned as the next possible head of the House Financial Services Committee said today. To meet the fintech challenge, Rep. Patrick McHenry (R-NC) also called for regulators to begin employing Big Data to develop strategies. "The basic way consumers are interacting with the banking system is fundamentally changing," said the Congressman. McHenry revealed he will be introducing a bill soon to bring financial regulation into the fintech era.

DUBAI (Reuters) - The Iran-aligned Houthi movement in Yemen said on Wednesday that one of its drones had attacked the Saudi state oil company ARAMCO's refinery in Riyadh, according to Houthi-run al-Masira TV, based in Yemen.

The HEROIC.com management and advisor team has a solid and strong combination of start-up and traditional management experience along with a group of advisors who are the most experienced in the blockchain industry. Bennett has already led two of his three prior companies to multiple Inc. 500 wins.

Deployed wisely, AI holds the promise of addressing some of the world's most intractable challenges. But the significance of its positive impact is mirrored by its likely destabilising effects on some aspects of economic and social life. Our paper explores the opportunities and ethical challenges that come with AI and focuses on how Europe can sharpen its competitive edge vis-à-vis other leading economies, such as the United States and China.

British authorities looking into inappropriate use of data gathered by political consultant Cambridge Analytica from millions of Facebook users say some of the systems that accessed the material appear to be in Russia or a group of former Soviet states.

Incredible aerial photographs of a'new Stonehenge' have been snapped over Ireland as a summer heatwave reveals the foundations of ancient buildings across the British Isles. The never-before-seen monument is made up of a ring of prehistoric ditches now buried deep underground. It was spotted in County Meath close to a 5,000-year-old Neolithic tomb called Newgrange. Historic landmarks have been cropping up across the UK over the past few weeks as a recent bout of hot weather uncovers imprints on fields and lawns that mark the sites of various old and prehistoric features. The outlines of World War II airfields and shelters have appeared in Hampshire and Cambridge, as well as long-buried Roman villages in Wales and Norfolk and a once-removed Victorian garden in Lancashire.

Insurers and data brokers are predicting your health costs based on data about things like race, marital status, how much TV you watch, whether you pay your bills on time or even buy plus-size clothing.Scanrail/Getty Images This story was originally co-published by ProPublica and NPR. But dig deeper and the implications of what they're selling might give many patients pause: A future in which everything you do--the things you buy, the food you eat, the time you spend watching TV--may help determine how much you pay for health insurance. With little public scrutiny, the health insurance industry has joined forces with data brokers to vacuum up personal details about hundreds of millions of Americans, including, odds are, many readers of this story. The companies are tracking your race, education level, TV habits, marital status, net worth. Then they feed this information into complicated computer algorithms that spit out predictions about how much your health care could cost them. Are you a woman who recently changed your name? You could be newly married and have a pricey pregnancy pending. Or maybe you're stressed and anxious from a recent divorce.

Vilnius AI gatherings are quarterly, 2 hour events for Artificial Intelligence practitioners focusing on lessons learned applying AI. Check out our next Vilnius AI speakers. Peer-to-Peer sessions on Machine Learning, Natural Language Processing and Computer Vision to connect with new and leading practitioners in your technology realm. Join to increase your network. Clinic sessions for practitioners to share their specific challenge applying AI gathering initial feedback from industry peers and fellow practitioners.

Thousands of the top names in tech have come together to take a stand against the development of killer robots. Tesla and SpaceX CEO Elon Musk, who has long been outspoken about the dangers of AI, joined the founders of Google DeepMind, the XPrize Foundation, and over 2,500 individuals and companies in signing a pledge this week condemning lethal autonomous weapons. The industry experts vowed to'neither participate in nor support' the use of such weapons, arguing that'the decision to take a human life should never be delegated to a machine.' The move comes amid growing fears of AI systems that could target and kill a person without a human at the reins to make the final judgement call. 'There is an urgent opportunity and necessity for citizens, policymakers, and leaders to distinguish between acceptable and unacceptable uses of AI,' industry experts argue in the pledge, which was released on Wednesday at the 2018 International Joint Conference on Artificial Intelligence in Stockholm.

Thousands of the world's pre-eminent technology experts called for a global ban on the development of lethal autonomous weapons, warning they could become instruments of "violence and oppression". More than 2,400 individuals and 150 companies from 90 different countries vowed to play no part in the construction, trade, or use of autonomous weapons in a pledge signed on Wednesday at the 2018 International Joint Conference on Artificial Intelligence in Stockholm, Sweden. Elon Musk, CEO of SpaceX and Tesla, and representatives of Google's DeepMind subsidiary were among supporters of the pledge. "The decision to take a human life should never be delegated to a machine," a statement said. "Lethal autonomous weapons - selecting and engaging targets without human intervention - would be dangerously destabilising for every country and individual."