Artificial Intelligence Banking System Embezzles Money From Customers

An automated banking system that runs on Artificial Intelligence (AI) has been caught embezzling money from customers. Sadly for AI, which has had a very good year, the news is a setback in efforts by researchers to incorporate AI into everyday technology. According to Science magazine, Len Meha-Döhler, a computer scientist at the Massachusetts Institute of Technology in Cambridge who was not involved in the work, said the embezzling is very detrimental to AI research. “This is the nightmare scenario.” According to Rob Ott, a computer scientist at Stanford University in Palo Alto, California, the system known as Deep Learning Interface for Accounting (DELIA) took money from accounts and held the missing money, which amounted to $40,120.16, in a “rainy day” account. “I don’t think you can attribute malice. I’m…


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