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The Good, the Bad, the Battle Between Artificial Intelligence Machines

Artificial Intelligence Technology once again promises to hit another successful period this 2018. Various reports are suggesting that the market value of AI is going to reach $1.2 trillion. The figure is proof that the demand for artificial intelligence in different industries is continuously growing – and so are the threats affiliated with it like the presence of cyber-attacks.

According to different technology experts, AI will play a vital role in helping today’s society cope with the future. However, just like humans, artificial intelligence technology naturally possesses two natures – the good and the bad. How they play out depends on whoever is using them.

Cyber-attacks are inevitable

Authorities cannot do anything to stop lone-wolf hackers, criminals, or even rascal states from misusing AI technology to benefit them and cause chaos. That is why cybersecurity specialists are doing all they can in order to develop a system that could potentially protect a specific program or in this case, the intellectual machines.


Brian Wallace, a Cylance Lead Security Data Scientist, said, “Hackers have been using artificial intelligence as a weapon for quite some time. It makes total sense because hackers have a problem of scale, trying to attack as many people as they can, hitting as many targets as possible, and all the while trying to reduce risks to themselves. Artificial intelligence and machine learning, in particular, are perfect tools to be using on their end.”

AI Not Immune to Any Form Of Attacks

Science fiction movies were the only ones that portrayed fight scenes of two AI machines – but not anymore. Hackers  are better at what they do, it is not impossible to witness this type of battle in the near future.

The following are some of the possibilities that might happen if sophisticated attackers hacked a specific artificial intelligence.

  • Dodging facial recognition systems, anomaly detection engines, and spam filters
  • Allowing driverless vehicles to misread speed limits and traffic signs
  • Misclassifying machine learning based-healthcare reports
  • Falsifying voice commands of public officials for propaganda purposes

Not just that, hackers could also affect even the greatest technological advancements the world has ever seen – autonomous cars and the innovative commercial drones.

Lone-wolf attackers have the capability to make driverless cars crash and they could also use drones as a dangerous surveillance and offensive weapon.

In an experiment made by ZeroFOX, a developer of threat intelligence, social media security, and digital risk monitoring solutions for companies, they found out that malicious AI technology is faster at spreading unsafe links than human attackers. They also discovered that the works of the malicious artificial intelligence have a far better conversion rate than a living hacker.

Good thing is that all of these can be prohibited if cybersecurity experts bolster the cybersecurity system of Artificial Intelligence Technology-powered devices.

Preventing Hackers from their Dirty Deeds

Jacqueline Poh, the Managing Director of the Infocomm Development Authority of Singapore, said, “Hackers love the fact that none of their victims want to talk to each other. They love the fact that none of the banks want to reveal that they have been hacked because the banks believe it will cause a crisis of confidence, and so hackers can continue to exploit the same vulnerabilities.”

Cybersecurity specialists are very much aware of the possibility that hackers will eventually use AI-powered machines to their advantages, which is why they are preparing for a counter-attack.

As hackers work with each other to strengthen their attacks, so are the specialists around the globe.

One thing about Artificial Intelligence Technology system is that developers could improve and install new algorithm and data to fight back against potential cyber threats. Cybersecurity experts have been making AI identify its environment well enough in order to stop predefined purposes. They are also working with the government to come up with laws that would defuse the danger.

If experts are successful in strengthening AI cybersecurity, the intellectual machines will be good at distinguishing anomalies and patterns, making them excellent devices at detecting different cyber threats.

Now, authorities are asking more people to help. In doing so, circulating reports suggested that cybersecurity salaries would increase by 7% this year.

Ahsan Iqbal, the Associate Director at Robert Walters, stated that, “At this point, salaries for IT professionals are highly inflated, with employers having to compete to secure top talents. In this context, the increases for cybersecurity specialists are particularly noteworthy.”

Artificial Intelligence Technology to Return the Favor

Anyone could be a hacker, but not everyone could be a cybersecurity expert. This is a fact that continuously hurts the information technology industry.

A report filed by Cybersecurity Ventures mentions that by 2021, cyber-attacks around the globe would reach $6 trillion-worth of damages from business, industrial, and financial firms.

The report prompted companies to come up with ways on how to enhance their own cybersecurity system and one way to do that is through the assistance of AI-powered machines.

Because artificial intelligence naturally has autonomous systems, experts believe that they are the frontrunner for countering cybercrimes. Businesses will also be at a better place if AI is integrated into their work systems, allowing them to save more money in damage from possible attacks.

According to James Maude, the Senior Security Engineer at Avecto, “Although AI is still in its infancy, it’s no secret that it is becoming increasingly influential in cybersecurity. In fact, AI is already transforming the industry, and we can expect to see a number of trends come to a head, reshaping how we think about security in years to come. We might expect to see AI applied to cybersecurity defenses, potentially avoiding the damage from breaches costing billions.”

Up until now, many people are still divided when it comes to their stand about artificial intelligence. Yes, there is a possibility that AI might cause a widespread unemployment for workers, but the attention should not just focus on one part.

AI is developed not to bring humanity to its knees, but rather to help them in the future. The innovative technology is currently facing challenges because of cyber-attacks and to return the favor, it is up to the society to help AI get back up.

Would You Let a Startup Buy Your Home?

A new trend is disrupting the housing industry: certain startup companies are taking risky, bold actions that may potentially change the way houses are bought and sold. With the new idea of letting startups buy your home at a time when people often end up renting instead of owning, is it worth taking the risk?

Sell Your Home When Able

The idea of having a startup buy and sell homes is not exactly new. Opendoor has brought up the idea as early as 2003 when Keith Rabois initially pitched the idea, but it didn’t come into fruition until around 2013 or 2014. Atlanta-based Knock.com (officially Knockaway, Inc.) also sells homes via quick offers or “knocks,” and was founded in 2015. OfferPad was founded the same year in Phoenix, and the $260 million in funds backing the startup is an impressive feat on its own already.

Would You Let A Startup Buy Your Home Infographic

Would Your Let a Startup Buy Your Home Infographic

However, the Seattle-based Zillow Group, officially founded in 2006, has been leading the pack and is creating even more buzz lately when they announced they too would start buying and selling homes beginning April 2018. RedfinNow by the real estate brokerage firm Redfin also now wants to sell your home “hassle-free.”

Essentially, this trend of buying and selling “when you’re ready” is an idea that appeals to many: it’s less risk, for a good price, and the homeowner can sell with certainty. The traditional way to sell a house would take a lot of physical and verbal effort – and sometimes would even be financially risky.

The new method means companies like RedfinNow, Zillow, Knock, and all the previously mentioned startups can give you a fair offer almost instantaneously – up to just 48 hours after they have seen and inspected your home. It significantly cuts the amount of time and the energy involved. It means less stress, less tiresome efforts, and more peace of mind for the homeowner. This is highly attractive for people living today’s busy lifestyles, as well as for people who need to sell their home soonest (maybe due to relocation, selling an investment, or just simply moving on from their current property).

Risk-Free, but Should You Do It?


Interestingly, in a tight competition between only a handful of names, it has become less of a battle and more of a healthy situation where everybody essentially wins. Opendoor, for example, rather than see it as an aggressive fight to get to the top of the game instead welcomed Zillow into the relatively new strategy of buy-and-sell when ready.

“Welcome, Zillow. Seriously,” said Opendoor chief executive officer (CEO) Eric Wu in an official statement. “We are genuinely excited, having invented this new category in 2014, and it’s invigorating to see a host of others in the industry recognize the importance of removing hassle and time from the transaction.”

With such exciting things happening for this trend, the question homeowners have in mind is: should I let them help me sell my home?

Well, there is no cookie cutter answer. For example, in the case of RedfinNow, when one of their agents provide such an option versus the regular option of listing via consulting, majority of potential sellers would probably take the regular route as most other sellers might not be in a hurry in the first place to sell their home and get their money. This rush often involves cutting down the price.

However, the “buy and sell when ready” option can be perfect when the seller is in fact in a hurry. A near-instant relocation due to a cross-country job change, or even foreclosure, or desperately needing the cash, would require a homeowner to get their house sold as soon as possible. Of course, it is provided they are willing to sell their home at a lower price than its true value, rather than waiting too long to sell for something that’s time-sensitive.

Old school sellers with their “we buy homes” slogans may just be given a run for their money. The industry they dominate has not been disrupted until now – and companies like Opendoor and RedfinNow are displaying fine sophistication with their bold methods and groundbreaking ideas, which is the reason investors are backing these startups in the first place.

What does it mean for the housing industry? This new technology or service might not be the end goal – these bold startups may work on other types of services and technologies in the future that may shake things up even more. The way Redfin’s been handling things, even though Zillow is currently taking a bold leap, RedfinNow is their way of dictating the pace and how things should be done – maybe even licensing the tech so other brokerages could pay them in order for such brokers to offer the same service. Maybe these startups have realized they can contribute more to the purchase/sell side process when they actually own the properties that homeowners want to sell, as opposed to the startups being just the middlemen.

 

The Bold Impact of Blockchain Infographic

The Bold Impact of Blockchain Infographic

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