artificial intelligence (AI) News

New AI Programs Can Learn How to Beat Best Cyber Defenses

The nightmare scenario for computer security – artificial intelligence programs that can learn how to evade even the best defenses – may already have arrived. That warning from security researchers is driven home by a team from IBM Corp. who …

NTT DATA UK to Provide Robotics Services for TMK’s Marine Transactions

NTT DATA UK, a Tokyo-based consulting and IT services provider, announced it has entered into a partnership to provide robotics services to Tokio Marine Kiln (TMK). NTT DATA UK’s Cargo 10 Virtual Worker is the first of several planned Robotic …

UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data

Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big …

Robots Portend Grim Future for Working Class: Viewpoint

Marc Andreessen, venture capitalist and one of the pioneers of the world wide web, once declared: “The spread of computers and the internet will put jobs in two categories. People who tell computers what to do, and people who are …

Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M

Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans call for the company to focus initially on the …

Beware ‘Tsunami’ Effect of Artificial Intelligence, Warns Allstate CEO Wilson

Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said Thursday in an interview on Bloomberg TV from Aspen, Colorado. Automation …

Chinese Tech Firms Seek to Shake Up Stake-Run Health Sector with AI and Big Data

In the eastern Chinese city of Hangzhou, an ambulance speeds through traffic on a wave of green lights, helped along by an artificial intelligence (AI) system and big data. The system, which involves sending information to a centralized computer linked …

With Ambitions to Expand (and Disrupt Allianz), German Insurer DFV Weighs IPO

With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG [DFV] needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering is one path Stefan Knoll, founder and chief …

Accenture Offers Way to Erase Gender, Racial, Ethnic Bias in Artificial Intelligence

Consulting firm Accenture has a new tool to help businesses detect and eliminate gender, racial and ethnic bias in artificial intelligence software. Companies and governments are increasingly turning to machine-learning algorithms to help make critical decisions, including who to hire, …

Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence

Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …