The chief executive of Deutsche Bank has issued a stark warning about the impact of technology, saying a "big number" of his staff will lose their jobs as robots take over. John Cryan told an audience in Frankfurt: "In our bank we have people doing work like robots. Tomorrow we will have robots behaving like people. It doesn't matter if we as a bank will participate in these changes or not, it is going to happen." He also referred to accountants inside the bank who "spend a lot of time basically being an abacus", who would also be replaced by machines.

Last year, two data scientists from security firm ZeroFOX conducted an experiment to see who was better at getting Twitter users to click on malicious links, humans or an artificial intelligence. The researchers taught an AI to study the behavior of social network users, and then design and implement its own phishing bait. In tests, the artificial hacker was substantially better than its human competitors, composing and distributing more phishing tweets than humans, and with a substantially better conversion rate. The AI, named SNAP_R, sent simulated spear-phishing tweets to over 800 users at a rate of 6.75 tweets per minute, luring 275 victims. By contrast, Forbes staff writer Thomas Fox-Brewster, who participated in the experiment, was only able to pump out 1.075 tweets a minute, making just 129 attempts and luring in just 49 users.

Your public school education exists, in large part, thanks to the Second Industrial Revolution. When the revolution took hold of America in the 1870s, 30 years after the end of the first, half of the US population still spent their days toiling in fields. Education was typically voluntary, assuming the family was wealthy enough to afford tutors or school fees, and usually reserved for boys. With the development of commercial fertilizer and the internal combustion engine, productivity exploded while the number of farmers dropped to less than two percent of the population. It lessened the demand for child labor which in turn led to increased support for compulsory education for both sexes.

Google is appealing against the record €2.4bn (£2.2bn) fine imposed by the European Union for its abuse of its dominance of the search engine market in building its shopping comparison service. The world's most popular internet search engine has launched its appeal after it was fined by the European commission for what was described as an "old school" form of illegality. The Luxembourg-based general court, Europe's second-highest, is expected to take several years before ruling on Google's appeal, which had been widely expected. The Silicon Valley giant had responded to the fine at the time of its announcement by saying that it "respectfully" disagreed with the legal argument being pursued. A spokesman for the commission said: "The commission will defend its decision in court."

A top Air Force pilot who has been battling flight simulators since the 1980s was outgunned by an intelligent machine. To the chagrin of cab drivers and delivery boys, Domino's started testing self-driving cars. And exchange-traded funds, long seen as a disruptive technology by those in the industry, are displacing active managers. What these machines will do next--pick stocks, set up asset-allocation plans--was a running theme at the Morningstar ETF conference last week.

The CIA is making use of several artificial intelligence (AI) programs that access, gather, and retrieve social media intelligence for the agency. In a statement reported by Futurism, Dawn Meyerriecks, the deputy director for technology development with the CIA said at the Intelligence and National Security Summit that the agency had over 137 AI projects as part of "In-Q-Tel" where a large portion of it is created through collaborations with Silicon Valley firms. With greater ability and power to analyse data, AI programs thus created have reportedly taken to social media platforms and "comb through" all public records –all the stuff that is posted by people using social media. It is reported that a large percentage of the data that the CIA collects comes from various social media platforms. While the very act of collecting data from social media is by no means new, making use of AI to do this is.

"From Mary Shelley's Frankenstein's Monster to the classical myth of Pygmalion, through the story of Prague's Golem to the robot of Karel Čapek, who coined the word, people have fantasised about the possibility of building intelligent machines, more often than not androids with human features". This is not an excerpt from a book on the history of robots in literature, but the opening sentence of the brand new European Parliament report on Robotics. Beyond this anecdotal reference, this draft report attempts to answer a question: as the presence of robots in our societies is no longer a science-fiction fantasy, and with people interacting more and more with intelligent machines in their day-to-day lives, is the future of humanity threatened? While the European Commission does currently fund robotics projects, the EU lacks a common regulatory framework in this field. Against this backdrop, the legal affairs committee of the European Parliament, has been entrusted with the task of writing a report on the issue of robotics, and has elaborated policy recommendations for the European Commission.

The teachers who inspire our children will soon be machines and not humans, according to a leading university vice chancellor. Within 10 years a technological revolution will sweep aside old notions of education and change the world forever, Sir Anthony Seldon says. The vice chancellor of the University of Buckingham believes school teachers will lose their traditional role and effectively one day be little more than classroom assistants. He says they will remain on hand to set up equipment, help children when necessary and maintain discipline. But the essential job of instilling knowledge into young minds will be completely done by artificially intelligent (AI) computers.

Discussions around Artificial Intelligence (AI) have proliferated and will continue to over the next year. Businesses are beginning to see its value in a wide range of sectors, even as reports that show how machines are encroaching on activities previously assumed to require human experience may instil fear that AI will replace workers' jobs. Simply put there is no hiding the explosion of AI and its applications. In Singapore, the government is investing S$150 million into a new national programme to boost the country's artificial intelligence (AI) capabilities over the next five years. They will partner AI start-ups and companies developing AI products to grow knowledge in the space, create tools and develop talent.

Last week, Vladimir Putin told students, "Whoever becomes the leader in this sphere will become the ruler of the world." That caught the interest of noted AI phobe / profiteer Elon Musk who tweeted, simply and ominously: "It begins…" But the CIA's head of technology development has a different take. Dawn Meyerriecks is less worried about rival nation states might use AI to outflank the United States than about getting U.S. leaders to believe what AI is telling them. "If I want to increase [ certainty in a particular AI-aided assessment] what goes into it? What do I need in order to make a really good assessment on the back-end because that tells me what sort of collection I need to raise confidence to go address national leadership?"