Artificial Intelligence

AI is no longer the province of academics, novelists and filmmakers. It has gone mainstream, and the confluence of computing power, enhanced algorithms and mass data is rapidly enhancing AI applications in industry.

Robotic process automation tools can now effectively handle finance and administration processes. Telecommunications organizations, for example, use
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By  Victoria Lee and Andrew W. Grant

On September 12, 2019, the Task Force on Artificial Intelligence, which is a task force within the House Financial Services Committee (FSC), held a hearing titled “The Future of Identity in Financial Services: Threats, Challenges, and Opportunities.” As the FSC wrote before the
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As AI systems have evolved and become more sophisticated, the risk of fraud targeting corporations and consumers has increased. In a recent cybercrime case, artificial intelligence-based software was used to pressure the CEO of a UK-based energy company to transfer funds to what he believed was an outside supplier.

The CEO, who believed he was speaking on the phone to his boss, was asked to send the money − $243,000 − to a Hungarian supplier within an hour.
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By Kit Burden and Harry Jefferies

Alongside blockchain and, more recently, augmented reality and edge computing, artificial intelligence, AI, is another technology buzzword that is working its way into the business world. So what is AI?  Simply put, it is the ambition to use machines to undertake decision making-based processes
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Compliments of our colleague Imran Syed, Legal Director, IPT London.

As a new era of artificial intelligence (AI) technologies emerges, companies in almost every industry are exploring how they can use AI to drive improvements to their business. After all, the commercial gains are tantalizing, offering businesses a better understanding of their operations and their customers than ever before, as well opportunities for significant cost reduction and quality improvement.
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Artificial intelligence is growing dramatically – it is not just a household word but a key part of many households, and it is also increasingly essential to business.

What do we see in the near term for AI?  How can businesses exploit potential AI-limiting legal issues? Is the AI the new electricity?

Here are our top three predictions on the future of AI and IoT.
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A properly trained special-purpose AI can be a wonderful thing. AI systems have already displayed super-human performance in many fields, from diagnosing specific medical conditions, to spotting fraudulent transactions, or identifying infringing content amongst the fire-hose of social media.

These systems tend to rely upon some form of neural-network based
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