Mobile banking fraud detected in seconds with new Microsoft AI solution

Mobile banking fraud - Microsoft Technology - Microsoft building

Artificial intelligence (AI) tech can flag fraudulent transactions within two seconds. With an increased number of consumers banking on their smartphones, mobile banking fraud is becoming a growing concern. American multi-national tech giant, Microsoft, announced that its Azure AI technology can help with the growing fraud problem by detecting fraudulent transactions within two seconds of it occurring. The SIM Swap attack problem. The vast majority of mobile fraud occurs via a SIM swat attack, according to Microsoft. During this attack, the victim’s mobile number is hacked and cloned, allowing the…

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Amazon robot reportedly in the works for help around the house

Amazon Robot - Robot Drawing - Artist

A Bloomberg report stated that the AI device has computer vision to navigate the home as a type of “mobile Alexa.” A new Amazon robot is underway to help consumers around the house, said a recent Bloomberg report. Project codename “Vesta,” the “mobile Alexa” is named after the Roman goddess of the heart. Amazon’s hardware R&D center, Lab126, is developing the robot. Lab126 is known for having developed the Kindle, the Fire Phone and more recently the Echo. As of yet, there have not been any reports regarding the way…

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Facebook AI technology launched for earlier suicidal post detection for faster assistance

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The social network is broadening its use of artificial intelligence to find and help people in the most distress. A new expanded version of Facebook AI technology is rolling out to help spot suicidal posts so help can be sent more quickly. The goal is to decrease the length of time it takes to spot posts suggesting suicidal thoughts so that first responders can be alerted more quickly. Facebook has been offering suicide prevention tools to its users for over a decade. The social network has been working hard to…

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Smartphone addiction cure is Android co-founder’s newest goal

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Andy Rubin contributed to the creation of the top mobile operating system and now seeks to break the usage habit. Smartphone addiction has become a rampant and yet widely under-recognized problem in societies throughout the world. Andy Rubin, a co-founder of Android – the leading mobile operating system worldwide – has now become an unlikely advocate for breaking the mobile device habit. Rubin is by no means advocating for the cessation of the use of mobile devices of all kinds. That said, he has expressed his profound concern regarding the…

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IBM says medical nanotechnology could give you superpowers in 5 years

medical nanotechnology microscopes

The tech giant predicts that microscopic health devices and superhero vision are a half decade away. IBM has released its annual “Five in Five” list which includes medical nanotechnology innovations this year. The company issues the report to forecast some of the top innovations and scientific directions that could considerably change our lives in five years. The technology IBM spotlights in the report has the chance to alter the way we live and interact every day. The broad theme of the 2017 report is “making the invisible visible.” In that…

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