Artificial intelligence steals money from banking customers

A program powered by artificial intelligence swindled banking customers in part by charging them fake fees for ATM transactions. A breakthrough year for artificial intelligence (AI) research has suddenly turned into a breakdown, as a new automated banking system that runs on AI has been caught embezzling money from customers. The surprising turn of events may set back by years efforts to incorporate AI into everyday technology. “This is the nightmare scenario,” says Len Meha-Döhler, a computer scientist at the Massachusetts Institute of Technology in Cambridge who was not involved in the work. However, Rob Ott, a computer scientist at Stanford University in Palo Alto, California, who did work on the system—Deep Learning Interface for Accounting (DELIA)—notes that it simply held all of the missing money, some $40,120.16, in a…


Link to Full Article: Artificial intelligence steals money from banking customers