One of the two task forces announced to be formed by the US House Committee on financial services will be investigating the use of artificial intelligence technologies (AI) for FinTech. The focus of the task force will be to examine digital identification technologies using AI to reduce fraud. It will also look into issues such as regulating ML in the financial services industry, risks associated with algorithms & big data, and the impact of automation on jobs and the economy in the US. AI has been one of the hottest technologies used by emerging FinTech players. It is used in automation, social media analytics & intelligence tools, cybersecurity, fraud prevention, and other areas.
Deepfakes are video manipulations that can make people say seemingly strange things. Barack Obama and Nicolas Cage have been featured in these videos. We all know about Mona Lisa's smile. Now, you can watch her talk. A research paper from experts at Samsung's AI Center in Moscow and the Skolkovo Institute of Science and Technology shows how fake videos can be created with a single image, including the classic artwork.
Astrobees may sound like cyborg killer insects that invade Earth to make honey from our flesh, but they actually have an Earthly origin. They are robots created by humans to help astronauts in space. Astrobees are flying robots who will help astronauts with their missions. They're designed to float inside the ISS, using fans to direct their course. NASA will send three of them, named Honey, Queen, and Bumble, to the International Space Station where they will be helping scientists and other researchers achieve tasks.
Unmanned drones, powered by artificial intelligence, may soon accompany US Air Force Pilots on missions as autonomous wingmen. Both Boeing's F-15 and Lockheed Martin's F-35 fighter jets are being considered for the'Skyborg' drone support program. The scheme would cut down on the amount of people in the jets and could both reduce the risk to pilots and be more economical. Drones can be manufactured for a fortieth of the cost of a new fighter jet and may be guided by the sole pilot inside the nearby fighter plane. To safely manage any such drones, however, AI will need to be sufficiently developed to make it immune to attacks that could exploit its operating features.
Machine learning and artificial intelligence were intended to make people more productive, not replace them. The tools are ultimately aimed at engineers who want to develop ways to solve problems more efficiently, at least that's how the Advanced Research Projects Agency -- Energy (ARPA-E) sees it. Engineers have long had tools such as computer-aided design and a lot of vendors provide CAD modeling software. But ARPA-E is going beyond that. Program Director David Tew said his agency hopes to "automate" the intuition and expertise that engineers bring to the table.
A growing backlash against face recognition suggests the technology has a reached a crucial tipping point, as battles over its use are erupting on numerous fronts. Face-tracking cameras have been trialled in public by at least three UK police forces in the last four years. A court case against one force, South Wales Police, began earlier this week, backed by human rights group Liberty. Ed Bridges, an office worker from Cardiff whose image was captured during a test in 2017, says the technology is an unlawful violation of privacy, an accusation the police force denies. Avoiding the camera's gaze has got others in trouble.
Welcome to EURACTIV's Digital Brief, your weekly update on all things digital in the EU. You can subscribe to the newsletter here. With the Brits and the Dutch heading to the polls today, the big news of the week is the story that Facebook has removed around 80 pages spreading fake news or using tactics aimed at unfairly influencing the polls. The takedowns came following a discovery by the human rights group Avaaz, in which it uncovered far-right disinformation networks in France, UK, Germany, Spain, Italy and Poland, posting content that was viewed an estimated 533 million times over the past three months. EURACTIV Digital went to investigate further and paid Avaaz a visit at their recently opened'Citizens' War Room' in Brussels (pictured below).
Buzz about artificial intelligence has led to increased spending and put several Trump administration directives in motion, but only a handful of agencies have gotten into the early stages of AI adoption. However, a second wave of agencies may soon launch their own AI tools if they can overcome some common hurdles. The Professional Services Council Foundation, in a report released Wednesday, highlighted some of the challenges and opportunities agencies face in using AI to deliver on their mission. Looking across four agencies -- Defense Department, the General Services Administration, NASA and the Department of Health and Human Services -- the report highlights use cases where program offices have pioneered AI to reduce backlogs or increase the output of their existing workforce. "They've turned to AI to say, 'Are there routine decisions that we make on a regular basis that AI is now competent enough to handle in a way that we can delegate those decision processes to?'" Dominic Delmolino, the chief technology officer at Accenture Federal Services, said Wednesday at a briefing with reporters.
WASHINGTON - The U.S. is considering cutting off the flow of vital American technology to five Chinese companies including Megvii, widening a dragnet beyond Huawei to include world leaders in video surveillance as it seeks to challenge China's treatment of minority Uighurs in the country's northwest. The U.S. is deliberating whether to add Megvii, Zhejiang Dahua Technology Co., Hangzhou Hikvision Digital Technology Co. and two others to a blacklist that bars them from U.S. components or software, people familiar with the matter said. The two others under consideration are Meiya Pico and Iflytek Co. Ltd., according to one of the people. The Trump administration is concerned about their role in helping Beijing repress minority Uighurs, they said, asking not to be identified talking about private deliberations. There's concern also that Hikvision or Dahua's cameras, which come with facial-recognition capabilities, could be employed in espionage, the people said.
Shareholders seeking to halt Amazon's sale of its facial recognition technology to US police forces have been defeated in two votes that sought to pressure the company into a rethink. Civil rights campaigners had said it was "perhaps the most dangerous surveillance technology ever developed". But investors rejected the proposals at the company's annual general meeting. That meant less than 50% voted for either of the measures. A breakdown of the results has yet to be disclosed.