Artificial Intelligence, Asia Pacific (APAC), Business, China, Companies, Fintech, News, Technology Security

AI Chatbots are rapidly changing the ways of banking in the world

The biggest Hong Kong bank, HSBC Holdings, is starting the New Year with a new chatbot. Chatbots are computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business. Now they are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking. Even though they are practically machines, banks are trying to give their chatbots a human touch which is why HSBC named its newborn Amy. This is not the only bank form Hong Kong. Hang Seng Bank already has their virtual assistants named HARO and DORI. This move came as the city’s

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Artificial Intelligence, Auto, Companies, News, Technology Security

General Motors announced their driverless car for the next year

General Motors will no longer need an engineer in the front seat who was managing the robot that controlled its self-driving Chevrolet Bolt. There will be no more steering wheel and also, the pedals will be gone. This  announcement came last week and it is more than obvious that this auto-giant got the confidence from it’s engineers. The car will be the fourth generation of its driverless, all-electric Chevy Bolts, which are currently being tested on public roads in San Francisco and Phoenix. And when they roll off the assembly line of GM’s manufacturing plant in Orion, Michigan, they’ll be deployed as ride-hailing vehicles in a

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AMD, ARM, Breaking, Intel, News, Technology Security, VR World

Intel’s Greatest Mistake: Meltdown, Spectre and Why Your CPU Is In Danger

To start the New Year, two major new hardware exploits have been publicized. And people are going nuts. Since the news of these exploits has come out, AMD stock has skyrocketed while Intel’s has dipped significantly. PC hardware enthusiasts everywhere are running around screaming, and if you aren’t hyper-tuned into the world of hardware you may not understand why. Let us break it down for you. What’s happening? Two new hardware-based exploits have been publicized: Meltdown and Spectre. While both issues can be mitigated, it may be impossible to fix them outright without fundamental changes in hardware architecture from manufacturers. What is Meltdown? Meltdown is an attack

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Artificial Intelligence, Blockchain, Companies, Cryptocurrency, Fintech, News, Technology Security

BeeChat, First Blockchain Based Messenger with Crypto Wallet

The Crypto boom seems to be at an all-time high with the Bitcoin market recovering from the recent dip. However, there is a new thing coming. BeeChat is a blockchain based messenger and also, a cryptocurrency community. Built using proprietary distributed technology with servers implemented around the world, BeeChat offers reliable communication in an ever-changing cryptocurrency landscape. After going live in October, this network has captured millions of users around the world and currently supports hundreds of millions of messages per day on its network. It also supports over 10 digital currencies, provides messaging and communications services, cryptocurrency discussions and groups, cryptocurrency wallet, and industry

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Artificial Intelligence, Business, China, Companies, Entertainment, News, Technology Security

WeChat Now Issuing ID Cards for Chinese Customers

WeChat, the popular mobile application from Tencent Holdings, is now becoming more indispensable in the daily lives of Chinese consumers under a project that turns it into an official electronic personal identification system. The government of Guangzhou, capital of the southern coastal province of Guangdong started a pilot programme that creates a virtual ID card, which serves the same purpose as the traditional state-issued ID cards, through the WeChat accounts of registered users in the city’s Nansha district.This project will try to prevent online identity thefts. The new WeChat ID card project is supported by the Ministry of Public Security’s Research Institute and other government

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Artificial Intelligence, Companies, , Internet, News, Software Programs, Technology Security

Facebook Will Find You Even if You Are Not Tagged on Photos

Did you maybe, but just maybe noticed that you are tagged in some of the photos on Facebook your friend took? Even though you told them not to tag you because you’re drunk as hell and you don’t want your little sister to see it? Well, don’t take on your friend so soon. There is a quite big possibility that Facebook did it – on its own. In Tuesday, Facebook introduced new facial recognition features that will automatically notify users when their photo is posted on the social network. “Now, if you’re in a photo and are part of the audience for that post, we’ll

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Blockchain, Companies, News, Technology Security

Nokia Uses Blockchain To Improve Health Data

Nokia has partnered with OP Financial Group, a Finland-based financial services group, to use blockchain technology to establish more trust in managing health data. According to a Nokia blog, the purpose of the pilot project, which involves 100 people, is to provide individuals more control over their personal health data. “Nokia’s experimental blockchain platform used in the pilot puts the focus on privacy and giving users full control over their data” is said from the company. To achieve this, they say any data that the users decide to share are encrypted, and can only be read by the intended participant on the platform, in this case OP. The

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aerospace, Companies, News, Space and Science, Technology Security

Boeing Wants To Beat Elon Musk on the Way to Mars

It is obvious now that the race to Mars is on, and Boeing’s CEO seems to believe that the megarocket his company is helping to build for NASA will deliver astronauts to the Red Planet before billionaire Elon Musk’s SpaceX. Boeing is the main contractor for the first stage of NASA’s giant Space Launch System , which is designed to launch astronauts on deep-space missions using the space agency’s new Orion spacecraft. (United Launch Alliance, Orbital ATK and Aerojet Rocketdyne are also SLS contractors.) NASA hopes to build a “Deep Space Gateway” near the moon before using SLS and Orion vehicles to send explorers to Mars. The

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Artificial Intelligence, Business, News, Space and Science, Technology Security

Elon Musk: AI Has to be Regulated by Law

Tech executive and billionaire entrepreneur Elon Musk took to Twitter Sunday night to say the future potential of robots could be unexpected and potentially very scary and that the lawmakers need to regulate artificial intelligence. In response to a Twitter post of a humanoid robot made by Boston Robotics jumping up on raised surfaces with the caption,that Alex Medina, who does brand design for Vox Media published with the words “we dead,” Musk responded with a warning: “This is nothing. In a few years, that bot will move so fast you’ll need a strobe light to see it. Sweet dreams…” In case you haven’t seen it, Atlas

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Artificial Intelligence, Auto, Biotech, Business, Companies, News, Space and Science, Technology Security

Ford and EKSO Partners Up creating bionic people functions

Robots have replaced many U.S. manufacturing workers, but new mechanical exoskeletons being tested by Ford Motor Co (F.N) may help factory workers to function like bionic people, reducing the physical damage of millions of repetitive tasks over many years. The company announced this week that some of its workers are currently testing out a new wearable technology called EksoVest, that essentially allows factory workers to function like bionic people. The vest, which was designed by California-based Ekso Bionics (EKSO), acts as an upper-body support system to help workers increase productivity and reduce fatigue when completing overhead tasks on the job. “Collaboratively working with Ford enabled

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Artificial Intelligence, Education, News, Technology Security

Stephen Hawking Concerned about Robots Replacing Humanity

Renowned physicist Stephen Hawking expressed his concerns that one day robots will actually replace humanity completely. During a new interview, the physicist said that he thinks that artificial intelligence will eventually end up becoming so advanced that it’s able to outperform humans and become a new form of life. “I fear that AI may replace humans altogether. If people design computer viruses, someone will design AI that improves and replicates itself. This will be a new form of life that outperforms humans,” he said. A recent report has found that four in 10 jobs are at risk of being replaced by robots. It said 38 per

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Blockchain, Breaking, Business, Fintech, Microsoft, News, Technology Security, VR World

Big Business Moves into Blockchain: Acord, EY, Microsoft, Maersk

ACORD Solutions Group, accounting giant EY, technology giant Microsoft and the Maersk, the world’s largest shipping company have combined to launch the world’s first marine insurance blockchain platform. EY said that the distributed ledger will be used to capture information about shipments, risk and liability, and to help firms comply with insurance regulations. It will also ensure transparency across an interconnected network of clients, brokers, insurers and other third parties. “The reason we chose marine (insurance) as the starting point for this sort of market is mainly because of its complete inefficiency,” Shaun Crawford, global insurance leader at EY, told for CNBC. He added that

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Blockchain, Breaking, Business, Cryptocurrency, Education, Fintech, News, Technology Security

Why is Cryptocurrency under Scrutiny? Hawala Explained

Bitcoin

After the People’s Bank of China (PBoC) imposed a temporary rule that initial coin offerings (ICO) are illegal and that startups must refund all ICO investments to contributors, The Central Bank of Russia also said that it “monitors” the cryptocurrency market and is continuing to develop a regulatory framework for cryptocurrencies. There is a question though – what are central banks over the world exactly scared of? Russia’s central bank is against allowing cryptocurrencies or any related financial instruments within the Russian Federation. In that way, they reiterated statement from January 2014 which explicitly compared bitcoin to a “money surrogate”, rendering it illegal in the

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Asia Pacific (APAC), Breaking, Business, Global Politics, News, startups, Technology Security

Cryptocurrencies and ICO Under Increasing Scrutiny While Stars Move In

Just a day after China raised the  ban for  ICOs all together,  Hong Kong – the country that is a special administrative region of China – has voiced concern at the growth of ICO fundraising. “Those involved in an ICO need to be aware that some ICO structures may be subject to Hong Kong securities laws,” said Julia Leung of Hong Kong’s Securities and Futures Commission (SFC) . She also clarified that the regulations don’t simply apply to Hong Kong-based companies holding ICOs, but any entity worldwide that sells tokens to individuals based in Hong Kong. Just for a reminder, this week China’s central bank,  issued a statement criticizing ICOs

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Biotech, Breaking, Business, Education, Gaming, News, Oculus, Samsung, startups, Technology Security, Virtual Reality (VR), VR World

Can Sea Hero Quest VR Succeed in Fighting Mental Diseases?

Nowadays it’s perfectly normal to have a laptop on your desk, a tablet in your bag and a smart phone in your pocket. When you’re in the mood to play a game, you can – all you have to do is open the select app and start playing. Why wouldn’t we let this opportunities into our lives, not just for fun – but for solving health issues? Video games have been known to have a wide variety of effects on the mind of people. It hasn’t been long since Virtual Reality became a vital part of gaming industry as such. During the years of researching, studies had

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Back to School, Business, Cloud Computing, Exclusive, Hardware, HP, HTC, News, Oculus, , Technology Security, Virtual Reality (VR), VR World

What does VR mean for VoIP Communications?

Technologies are increasingly advancing and as such, all manners of technological innovations are sharing mutual beneficial relationships and Virtual Reality and Voice Over Internet Protocol, or rather VR and VoIP are no different. In simple terms, VoIP is a technology that allows you to make telephone calls over a broadband internet connection. It relates to the terms IP telephony and internet telephony, both set to be huge business in the foreseeable future. Much like VR, VoIP has had a lot of hype in previous years, which seems to cool before heating up again. The main advantage of VoIP is that it uses the internet as

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Analysis, Breaking, Business, Exclusive, , HTC, Oculus, Opinion, , , Sony, Technology Security

What Virtual Reality Could Mean for Privacy

During the 2017 edition of CES in Las Vegas, we’re starting to see an appearance of new Virtual Reality applications, as businesses see VR as a new medium. While the push for VR started in retail model, we’re now seeing that business-to-consumer model is the path forward. Many technologies are vying to be the next big thing, and Virtual Reality is one of the new mediums that can deliver that message. With HTC Vive, Oculus Rift, and PlayStation VR being the big three headsets in competition, there are also numerous other companies that are making the move into the virtual world – especially coming out

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Augmented Reality (AR), Biotech, Breaking, Business, Google, Hardware, Internet of Things (IoT), Mobile, Mobile Computing, News, Smartphones, startups, Tablets, Technology Security, Virtual Reality (VR), VR World, Wearables, Wearables

Google Acquires Eyefluence Weeks before the Daydream Launch

Eyefluence is company founded by William Torch and Jim Maggraff, with the goals to create eye tracking system that measures the intent of your mind, not just the motions of your eyes in order to control technology. This new system would allow a user to control device through movements of users eyes. This kind of tech may seem unnecessary for present day smartphones and PC-s, but as the world of immersive computing continues to barrel towards us it will become infinitely more relevant. Google certainly thinks so as it has just acquired Eyefluence for itself. According to an official statement on the Eyefluence blog: “Today, we are excited to announce that

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Breaking, Business, News, startups, Technology Security

Bitcoin becoming Regulated Currency in the European Union

Slovenian startup Bitstamp just did something that no other digital currency startup was able to do – launch the first nationally licensed Bitcoin exchange (BitEx). As it usually goes, the startup could not receive a license in its home country, so it took advantage of registering themselves in one of most business-oriented countries in the European Union. Luxembourg granted the license which will be valid in all 28 EU countries, meaning starting July 1, 2016 – 508 million EU citizens should be able to access a Bitcoin exchange under the same operating restrictions and protections as the banks and stock exchanges. “We believe that this is stability-inducing – that people will see this

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Breaking, Event, News, Space and Science, Technology Security

See the Highlights of White House Science Fairs

Not long after moving into the Oval office, President Barrack Hussein Obama and his wife Michelle started to change the White House conventions. While the First Lady dedicated what will become an eight year campaign against obesity and fight for better education, the POTUS (President of the United States) pushed for a healthcare reform, and thanks to a series of good and some bad moves (not discussing foreign policy here), U.S. economy is doing better than ever. Still, what both Mr. and Mrs. Obama wanted was to elevate STEM initiatives above all. As Mr. Obama said, “If a NFL football team wins the championship, and receives an invite to the

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