American technology companies racing to develop and adopt artificial intelligence technology should do so responsibly and safely, according to a longtime security expert who has spent years studying the issue.  In a conversation on Thursday during A.I. Week, an event produced by Scoop News Group, Yll Bajraktari, the executive director of the National Security Commission on Artificial Intelligence, urged U.S. citizens to think carefully about the ethical use of powerful new technologies. The advice comes after Bajraktari’s commission published a report advising the U.S. government on issues to consider around the use of A.I.  The commission was established in 2018 to examine America’s ability to defend against malicious automation, and understand how the U.S. might best move forward in understanding such technology. In a report published March of this year, the group warned that the U.S. is not sufficiently prepared to compete with China on the issue.  “The United States […]

J.P. Morgan envisions a chief role for artificial intelligence in putting an end to financial crimes, the company's head of AI research said Monday. Financial crimes that institutions like J.P. Morgan might have to reckon with include money laundering, sanctions violations, fraud and outright cyber theft. "There is this concept of values" for AI, said Manuela Veloso, who besides her work for J.P. Morgan has worked as a professor in Carnegie Mellon University's school of computer science. "First, we want AI to be able to eradicate financial crime." Veloso's comments came Monday during AI Week, an event produced by Scoop News Group.

Encryption has always been a battle line in cyberspace. Attackers try to break it; defenders reinforce it. The next front in that struggle is something known as homomorphic encryption, which scrambles data not just when it is at rest or in transit, but when it is being used. The idea is to not have to decrypt sensitive financial or healthcare data, for example, in order to run computations with it. Defenders are trying to get ahead of attackers by locking down data wherever it lies.