US Navy Develops Autonomous Submarine Weapon
US Navy has revealed a project of robotic AI-powered Boeing submarine CLAWS that can potentially activate weapons without human intervention, reported New Scientist. In the 2020 US Department of Defence budget documents, CLAWS is described as “autonomous undersea weapon system” to “increase mission areas into…
IKEA Implements AI To Manage Returns
IKEA has started to use AI-enhanced platform developed by Optoro Inc. to manage returns in 50 of its US locations, reported WSJ on March 2. New AI-powered system integrates other retail management software in order to identify the optimum destination for the returned items. Based…
Ohio Reforms Regulations With AI
Ohio state is employing AI to reform state regulative landscape – the algorithm will analyze the Ohio Revised Code (ORC) and the Ohio Administrative Code (OAC) and help identify redundant regulations. State governor office representative Joshua Eck shared that Ohio must be the first state…
Federal Reserve Chairman Calls Libra “Wakeup Call”
The Chairman of the U.S. Federal Reserve Jerome Powell named Facebook-led project Libra “a wakeup call”, reads the press release on the chairman’s testimony before the House Financial Services Committee from February 11. In the discussion over a viability of the digital dollar, Federal Reserve…
Nuro’s Self-driving Vehicle Becomes First to Be Tested on US Roads
The U.S. Department of Transportation’s National Highway Traffic Safety Administration has granted an exemption, or permission to be tested on actual US roads, to fully autonomous low speed self-driving delivery vehicle Nuro’s R2. The company has been working with the government agency for a period…
Illinois Officially Recognizes Smart Contacts
Illinois has passed the Blockchain Technology Act that recognises smart contracts and blockchain records as legally binding instruments. Section 10 of the Blockchain Technology Act permits the use of smart contracts for signing contracts: “If a law requires a record to be in writing [or…
