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Mastercard cyber chief on using AI in the fight against fraud - Raconteur

#artificialintelligence

The fight against fraud has always been a messy business, but it's especially grisly in the digital age. To keep ahead of the cybercriminals, investment in technology – particularly artificial intelligence – is paramount, says Ajay Bhalla, president of cyber and intelligence solutions at Mastercard. Since the opening salvo of the coronavirus crisis, cybercriminals have launched increasingly sophisticated attacks across a multitude of channels, taking advantage of heightened emotions and poor online security. Some £1.26 billion was lost to financial fraud in the UK in 2020, according to UK Finance, a trade association, while there was a 43% year-on-year explosion in internet banking fraud losses. The banking industry managed to stop some £1.6 billion of fraud over the course of the year, equivalent to £6.73 in every £10 of attempted fraud.


18 AI Applications / Usecases / Examples in Healthcare in 2021

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AI, computer vision and machine learning systems proved that machines are better and faster than humans analyzing big data. Today, organizations have large datasets of patient data and insights about diseases through techniques like Genome Wide Association Studies (GWAS). Using AI, healthcare providers can analyze and interpret the available patient data more precisely for early diagnosis and better treatment. Today, it is possible to say whether a person has the chance to get cancer from a selfie using computer vision and machine learning to detect increased bilirubin levels in a person's sclera, the white part of the eye. As the interest in AI in the healthcare industry continues to grow, there are numerous current AI applications, and more use cases will emerge in the future.


Artificial intelligence trains Chinese fighter pilots

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BEIJING, BM, ($1 6.40 yuan) – The Chinese state media Global Times published a material in which it reveals that the pilots of the People's Liberation Army are pretending to use simulators with artificial intelligence. According to Liu Xuanzun, the process of training with artificial intelligence is two-way – the pilot learns to improve his skills, while artificial intelligence learns from the pilot's actions. There is already evidence that artificial intelligence developed in China is taking a serious advantage over pilots. In a recent "battle" between Chinese pilot Fang Guoyu, artificial intelligence won for the second time, according to the publication. China says the future of their fifth-generation J-20 fighter and next-generation fighters is based on the use of artificial intelligence.


Insurance Chatbot

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Life can come at you in unpredictable ways, and having yourself safely insured is always a smart investment plan. The core of any insurance plan is to provide you with protection. Making small investments in insurance can provide you with financial security in advance. Now, with technological advancements and messaging platforms growing popular, the insurance sector has seen a significant surge in the way it has been running all along. Insurance is a data-driven sector and in the last many years, data corruption has been a persistent problem in this sector.


Das researching use of artificial intelligence

#artificialintelligence

Sanmay Das, Professor, Computer Science, is conducting an exploratory study in the use of techniques from artificial intelligence (AI) to improve early screening and the delivery of targeted assistance to households that are at risk of future homelessness and child maltreatment. Das and the other members of the research team seek to develop novel methods for allocation of scarce housing support to at-risk households, taking into account considerations of both overall efficiency and fairness. This work will necessitate novel problem formulation and algorithm development in AI as well as creating new ethical methods for deciding on how to effectively deliver social services while considering the vast complexity of human behavior. Das is collaborating with Patrick J. Fowler, Associate Professor at Washington University in St. Louis, on this project. The researchers will explore the feasibility of using novel algorithmic techniques to inform societal decision-making on the allocation of scarce resources, with the specific goal of improving service system outcomes for both homelessness and child welfare.


How AI is Transforming the Education Industry

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There is a popular media narrative that AI will take over teachers. If anything, AI will be a new tool in teachers' toolkits. Teachers spend a good portion of their time reeling with administrative burdens. AI will not replace them but free up their time to focus on what they do best – helping students grow to comprehend the world. ARTiBA explores the impact of Artificial Intelligence in Education, its future, and the ongoing AI and ML innovations in the sector.


India Can Witness a Bright Future with Artificial Intelligence (Ai)

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India is slowly yet steadily taking steps ahead to establish artificial intelligence in several domains. Where, NASSCOM President Debjani Ghosh had mentioned that, in order to make India realize its full AI potential, a coalition of government, industries, and startups are required to come up with the necessary infrastructure and policy support. This will aid in enabling AI innovation across various sectors thereby mentoring and providing financial backing to the startups. In addition, according to a report by Accenture, artificial intelligence is anticipated to add on $957 billion or 15% of India's present GDP value by the year 2035. The amalgamation of technology, information along with the possibility and ability to create intelligent systems has reached critical mass thereby navigating towards exceptional growth in AI investment.


NATO to enhance Japan ties, warning that China poses 'systemic challenges'

The Japan Times

Brussels – NATO leaders warned Monday that China's military ambitions pose "systemic challenges" to their alliance, and agreed to enhance ties with Japan and other Asia-Pacific nations to back the rules-based international order. The tough line against Beijing, taken in a communique released after the NATO summit, came as U.S. President Joe Biden rallies allies to counter what he calls autocracies like China and Russia that are challenging an open international order. "China's stated ambitions and assertive behavior present systemic challenges to the rules-based international order and to areas relevant to alliance security," said the communique from the 30-member organization that brings together North American and European countries. The leaders also expressed concerns over what they called China's coercive policies, while pointing out the country's rapid expansion of its nuclear arsenal and criticizing the opaqueness of its military modernization. The communique, meanwhile, named Australia, Japan, New Zealand and South Korea as countries with which NATO plans to strengthen its "political dialogue and practical cooperation" in a bid to promote cooperative security and support the rules-based international order.


Physician researcher artificial intelligence in paediatric cardiology

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The department of paediatric cardiology at the Beatrix Children's Hospital, University Medical Centre Groningen (UMCG), one of the 4 licensed centres for the treatment of congenital heart diseases in The Netherlands, is an international centre of expertise on pulmonary hypertension and right heart failure in children. The department is the national referral centre for children with pulmonary (arterial) hypertension. All Dutch children suspected to have pulmonary hypertension are referred to our centre for confirmation of diagnosis, initiation of therapy and standardized follow-up visits, in close collaboration with our network centres. Our department conducts leading clinical, fundamental, and translational research in the field of pulmonary hypertension and congenital heart disease, such as tetralogy of Fallot, Fontan circulation and right heart failure. Our clinical research focuses on the improvement of diagnostic and imaging techniques, treatment strategies and survival of these patient groups.


Archer and Australian Missile Corp to develop sovereign defence capabilities

ZDNet

Archer Materials has announced signing a deal with the Australian Missile Corporation (AMC) that will see the former work on the development of sovereign defence capabilities. The Australian Missile Corporation is a subsidiary of NIOA, a Defence prime contractor and the largest Australian-owned supplier of weapons and munitions to Defence. Archer is developing quantum computing processor chip technology, and said it currently possesses advanced semiconductor manufacturing capabilities that will be of benefit to a future sovereign guided weapons enterprise. The non-binding letter of intent Archer has signed with AMC will be focused on its 12CQ quantum computing chip technology. The agreement forms part of Prime Minister Scott Morrison's AU$1 billion Sovereign Guided Weapons Enterprise initiative which he said will support missile and guided weapons manufacturing for use across the Australian Defence Force. The initiative will receive a total of AU$270 billion over the next decade to strengthen Australia's defence forces through high-tech submarines, new fighter jets, hypersonic weapons, and advanced munitions.