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November 22, 2016

Dutch Police Use Augmented Reality to Investigate Crime Scenes

Dutch police are undertaking an experiment to see if augmented reality can help officers at a crime scene, according to the New Scientist.

Using an AI system video from the body cameras worn on the officers at the scene will relay back to experts who can guide the officers by making virtual notes which the officers will be able to see via a smartphone or head-mounted device.

Dragos Datcu, principal researcher at augmented reality (AR) company Twnkls in Rotterdam, the Netherlands said:

We now have good enough software and hardware to use augmented reality at crime scenes.

What’s great about the new AI system is the fact that experts can get involved with [...]

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November 17, 2016

Apple Patent Reveals Siri-Assisted iMessage P2P Payments Platform

Apple has filed a patent application for a “virtual assistant in a communication session.” On first glance, application 14/713,410 might scare developers of chat bots and the like, but Apple is specific in the scope of their claims – Siri, their virtual assistant platform, will be able to directly communicate with either user in an iMessage conversation and then be able to act on the instructions given. The other participant of the conversation will not see messages intended to Siri, nor messages sent from Siri to the user activating her. This is somewhat different from current implementations of chat bots and virtual assistants in chat programs, in that the classical chat bot for, [...]

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November 17, 2016

Nasdaq Turns to AI to Detect Market Manipulation

Nasdaq undertakes 14 million trades a day on its exchange making it nearly impossible to detect market abuses taking place. However, with the help of artificial intelligence (AI), Nasdaq is cracking down on the bad behavior.

There are several things that Valerie Bannert-Thurner, senior vice president and head of risk and surveillance at Nasdaq, considers when it comes to bad behavior on the exchange.

Speaking to the American Banker, she said:

If people are excessively profitable given how they trade and in comparison to everybody else trading the same instruments with similar styles, then we ask, is this luck or something else?

Yet, with an excessive [...]

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October 25, 2016

AI Enhancing = Jobs Disappearing. Is It worth It?

Jobs in a long slate of industries are vanishing into thin air due to upgrading artificial intelligence. Drones, robots, or “bots” as some prefer, are forcing humans to step aside. It might seem very tempting to see all daily tasks automated. And of course who doesn’t prefer to live more like the Jetsons and less like the Flintstones. However, all this advanced technology is coming at a price of more humans losing their jobs. While the world in its entirety is already struggling in a poor economic period.

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