Business leaders all over the world are waking up to the fact that artificial intelligence is no longer confined to science fiction movies but could in fact disrupt their industry. A recent survey of the world's top CEOs indicated that 50% believe AI will revolutionise their business in the next 3-5 years, making now a crucial time to plan and implement a roadmap to integrate AI solutions into many businesses. The AI Summit 2016 is the world's only event dedicated to the practical implications of Artificial Intelligence for enterprises and is aimed at providing business leaders with a forum to learn about the latest developments in intelligent solutions that threaten to disrupt their industry. The event brings together senior business leaders from 35 countries and offers a comprehensive overview of all the technologies under the AI umbrella including Machine Learning, Deep Learning, NLP, Voice/Image/Video Recognition and Cognitive Computing; focusing on how these are implemented across industries to help increase productivity while reducing costs. Speakers from around the world include CIOs/CTOs, Chief/Head Data & Analytics Officers, Innovation Heads from BT, Harvard, AIA, AIG, American Airlines, Tesco, VISA, BDP, TVH, Deutsche Bank, MetLife, UK Government, Petrobras, Engie, Toyota, UBER and Goldman Sachs.

The story of how the FBI finally tracked down notorious fugitive Lynn Cozart, using its brand-new, 1 billion facial recognition system, seems tailor-made to disarm even the staunchest of skeptics. Cozart, a former security guard in Beaver County, Pennsylvania, was convicted of deviant sexual intercourse in 1996. According to court filings, he had molested his three juvenile children, two girls and one boy, from 1984 through 1994. It wasn't until May 11, 1995, that the children's mother came forward and told the Pennsylvania State Police what Cozart had been doing. He was convicted, but he failed to show up for his sentencing hearing in April 1996. Federal agents raided his home, interviewed family members and released photos of the man to the general public. In August 2006, the Cozart case was featured in "America's Most Wanted," the national television program, under a segment titled "Ten Years of Hell for Three Children."

Lawrence Livermore National Laboratory (LLNL) has purchased a new brain-inspired supercomputing platform developed by International Business Machines Corp (NYSE:IBM). Based on a breakthrough neurosynaptic computer chip called IBM TrueNorth, the scalable platform will process the equivalent of 16 million neurons and 4 billion synapses while consuming only the energy equivalent of a tablet computer. The brain-like, neural network design of the IBM neuromorphic system is able to run complex cognitive tasks such as pattern recognition and integrated sensory processing far more efficiently than conventional chips. "The delivery of this advanced computing platform represents a major milestone as we enter the next era of cognitive computing," said Dharmendra Modha, IBM fellow and chief scientist of Brain-inspired Computing, IBM Research. "We value our partnerships with the national labs. In fact, prior to design and fabrication, we simulated the IBM TrueNorth processor using LLNL's Sequoia supercomputer. This collaboration will push the boundaries of brain-inspired computing to enable future systems that deliver unprecedented capability and throughput, while minimizing the capital, operating and programming costs – keeping our nation at the leading edge of science and technology."

Talking to Google is more fun than talking to human, wait, what? That was the thought behind creating CHATBOTS. Let's me tell you what are they? Do you remember asking the purpose of life to Google after having a frustrated day at office? And it replies gracefully, to live forever, that's what it is.

Microsoft came up with the great idea of creating an artificial intelligence bot on Twitter, in the image of a teenage girl named Tay, and making her capable of learning through interactions with real people online. Within a few hours, she was a racist, a sexist and a Holocaust denier, and she was spewing all this with gusto, humor and abandon. Microsoft had to take her down before she started winning delegates for the presidential nomination. Microsoft tried to make some adjustments to Tay and put her back online, but she quickly started boasting about smoking drugs in front of the police. Tay reportedly now wants to hang out with Siri.

Superfast quantum computers could transform the world of finance, advocates say. In a world where how fast you can assimilate and analyse data then act on it, makes the difference between profit and loss, computing speed is key. This is why banks, insurance firms, and hedge funds invest millions on technology to give them an edge when trading, and to offset human error. Quantum computers, that owe more to nuclear quantum mechanics than electronics, promise to be exponentially more powerful than traditional computers, holding out the tantalising prospect of near-perfect trading strategies and highly accurate forecasting and risk assessments. "Financial services is a data-rich environment," says Kevin Hanley, director of design at the Royal Bank of Scotland (RBS).

SoftBank Group will shortly launch a service that will help clients thwart cyberattacks by using artificial intelligence. The company has established a joint venture in Japan with Cybereason, a U.S. cybersecurity firm based in Boston, in which SoftBank has invested roughly 50 million. The Boston firm will provide the service in Japan through the venture, targeting manufacturers, financial institutions and government-related agencies that handle sensitive information. SoftBank will handle sales, pitching the service to Japanese prospects. The joint venture will provide Japanese-language customer support.

Here are the basics of what the Panama Papers leak is all about. Photo shows the building where the office of Panamanian law firm Mossack Fonseca is located in Panama City, Panama, April 03, 2016. SAN FRANCISCO -- The 11.5 million leaked documents from the Panamanian law firm Mossack Fonseca are providing a treasure trove of data on a hidden world of offshore accounts and murky dealings. "It's becoming much easier than it used to be to store and move very large amounts of data. I would expect this to continue," said John King, a professor of information at the University of Michigan in Ann Arbor, Mich.

Big drone makers aren't satisfied with existing efforts to get in the US government's good books, apparently. DJI, 3D Robotics, GoPro and Parrot have forged the Drone Manufacturers Alliance to lobby for a "carefully balanced regulatory framework" that makes sure drones are "safely integrated" into American skies. In plainer language, they want to make sure that regulation doesn't run counter to their interests -- they don't want their business to fizzle out because of a future law.

Our sky is zoned for people. The Federal Aviation Administration, tasked with regulating the airspace above America, has elaborate rules for who and what can fly where. Out of an abundance of caution for human safety, the FAA tries to keep that airspace tidy, reserved for human-carrying vehicles. In a new regulation last week, they opened up just a little bit more of that sky for commercial use of drones, adding a robotic floor to the heavens. "FAA Doubles "Blanket" Altitude for Many [Unmanned Aerial System] Flights" is how the FAA framed the announcement, and that's technically true.