Lawyers for self-driving car company Waymo play clip from Wall Street in court, as Travis Kalanick is accused of stealing rival's ideas Wed 7 Feb 2018 16.23 EST Last modified on Wed 7 Feb 2018 17.42 EST A scene from the 1987 movie Wall Street became a flashpoint in the trial in which Google's driverless car spinoff Waymo accuses the ride-hailing company Uber of stealing trade secrets. "The point is, ladies and gentlemen, that greed, for lack of a better word, is good," said the lead character, Gordon Gekko, played by Michael Douglas, in a grainy YouTube video shown on Wednesday to a packed room in San Francisco's federal court. The former Uber CEO Travis Kalanick watched from the stand, shifting in his seat. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms – greed for life, for money, for love, knowledge – has marked the upward surge of mankind."

Banks around the world are continuing to be penalized heavily for their inability to meet with ever-changing and complex financial regulations. Regulatory fines imposed in 2017 alone proved this to us in many ways. For example, financial intelligence regulator Austrac handed gaming giant Tabcorp a fine of AUD 45 M (USD 35 M) for non compliance, the highest ever civil penalty in corporate Australian history. We also saw U.S. authorities hit BNP Paribas with fines amounting to approximately USD 600 M for market misconduct and trader collusion that took place over 6 years. The big fines also keep coming for Deutsche Bank, the German lender was hit with about USD 630 million in penalties on a USD 10 billion Russian money-laundering scheme.

Jury selection for Majors' trial began Jan. 22. He had previously undergone a mental competency examination and been found competent to stand trial. But defense attorneys had argued in court papers that Majors showed signs of dementia and appeared to have problems with his long-term memory -- issues that they said interfered with their ability to prepare a defense.

There can be no doubt, artificial intelligence (AI) helps defend government and business systems from cyberattacks, but conversely, AI systems can be used to augment attacks against government and corporate, even SMB systems. For TechRepublic and ZDNet, I'm Dan Patterson and it's a pleasure today to speak with Mark Gazit, the CEO of ThetaRay. One of the biggest targets for cybercriminals, and cybercriminals deploying AI solutions, is the financial service industries. I wonder if you could help us understand how financial crime is being transformed by technology and artificial intelligence. So Dan, thank you very much for inviting me and I have to say it's an exciting topic, but also a bit dangerous for us as human beings and you're absolutely right, the world of financial crime has changed.

The artificial intelligence in transportation market is projected to grow at a CAGR of 17.87% from 2017 to 2030, and the market size is expected to grow from USD 1.21 Billion in 2017 to USD 10.30 Billion by 2030. The increasing government regulations for vehicle safety, growing adoption of advanced driver assistance systems (ADAS), and development of autonomous vehicles play a significant role in the growth of this market. Deep learning technology is estimated to be the largest and fastest growing segment of the artificial intelligence in transportation market, by machine learning technology. The deep learning technology is widely used in the development of autonomous vehicles, which need to see, think, drive, and learn. The last step is "learn," where deep learning will be critical for achieving fully autonomous vehicles.

Artificial intelligence (AI) is advancing rapidly, thanks to ever-more-powerful computing, massive growth in the availability of digital data and increasingly sophisticated algorithms. The world's largest technology firms are investing billions to develop their AI capabilities, and companies across industries, from travel to real estate to fashion, are racing to bring AI-enabled services to market. "The world's largest technology firms are investing billions to develop their AI capabilities." AI has the potential to bring significant social benefits, including healthcare (via improved diagnostics), transportation (through self-driving vehicles) and law enforcement (with improved fraud detection). AI also brings new social risks, including discrimination (from algorithmic bias), privacy (through the misuse of personal information), child rights (through lack of informed consent) and labor rights (because of the mass displacement of workers by machines).

Our lives are already enhanced by AI – or at least an AI in its infancy – with technologies using algorithms that help them to learn from our behaviour. As AI grows up and starts to think, not just to learn, we ask how human-like do we want their intelligence to be and what impact will machines have on our jobs? We are well on the way to a world in which many aspects of our daily lives will depend on AI systems. Within a decade, machines might diagnose patients with the learned expertise of not just one doctor but thousands. They might make judiciary recommendations based on vast datasets of legal decisions and complex regulations.

BEIJING – The newest use of facial recognition technology has drawn concerns among human rights groups, with some Chinese police sporting high-tech sunglasses that can spot suspects in a crowded train station. In a scene reminiscent of the dystopian sci-fi TV show "Black Mirror," officers in the central city of Zhengzhou are wearing the digital shades amid the crush of travelers heading home during Chinese New Year, the busiest time for the country's transit system. Quoting the city police department, the state-owned People's Daily reported that so far the technology has allowed police to nab seven suspects accused of crimes ranging from human trafficking to hit-and-runs, as well as another 26 people who were using fake IDs. The system is part of China's efforts to build a digital surveillance system able to use a variety of biometric data -- such as photos, iris scans and fingerprints -- to keep close tabs on the movements of the entire population. The rapid development of the technology has triggered a demand for commercial applications as well, with gyms, restaurants and even public toilets getting in on the facial-recognition game. The special glasses are being used by four officers positioned at entrances to Zhengzhou's east station.

Investigators say a homeless man accused of killing his wife, dismembering her body and riding with the remains in a suitcase aboard on a light-rail train in Los Angeles didn't draw any attention from fellow passengers.