Alphabet unit Google, food packaging machinerys Factory Facebook Inc and IBM - to create a non-profit organization to advance public understanding of AI technologies.Silicon Valley is diving into artificial intelligence (AI) and machine learning research..2 billion deal for LinkedIn Corp is expected to help bolster its efforts in analytics, machine learning and AI.Silicon Valley is diving into artificial intelligence (AI) and machine learning research, an industry estimated to zoom to $70 billion by 2020 from just $8. 29 said it created a new artificial intelligence unit, as the company pushes deeper into the fast-growing field.The new unit — Microsoft AI and Research Group — will be headed by Harry Shum, a company veteran who has held senior roles at the Microsoft Research and Bing engineering divisions. He was successful at hacking such cards and was even able to make payments with it, reported Forbes.

”Apart from that, it sometimes becomes difficult to prevent accidental transactions from taking place.To encounter such problems, contactless debit and credit cards were introduced. However due to several technical and security problems, a need for a more secure, and quicker form of transaction within this type emerged. In October 2014, Australian security researcher Peter Fillmore showed how he could clone Visa and MasterCard payment cards with an Android app running on a Google Nexus 4. However, though contactless cards are being issued, we still have to see a contactless POS everywhere. Numerous incidents wherein hackers were able to steal data from contactless cards by the use of simple mobile applications have given rise to major security concerns regarding this technology.

“If someone bumps up behind you on the subway, they are close enough to skim the details of your contactless cards with an NFC reading smartphone or similar hardware. This eliminates the possibility of fraudulent transactions as the card remains within the sight of the users while the payment procedure is being carried out in under a second.Hackers can clone your credit, debit card by simply bumping into you from behind. Hackers can clone your credit, debit card by simply bumping into you from behindThe barter system of exchange has experienced several phases. Not only can they be latched to mobile phone applications but they also improve operational efficiency by reducing maintenance costs. This is to ensure that third-party NFC reader is not able to collect the details from the card.How to protect your cardWhile using a contactless card, make sure the card remains within your sight.