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UAE signs ‘Artemis Accords’ to cement peaceful collaboration

  • Emirates agrees to a common set of principles covering how the Moon is to be explored and its resources utilised.
  • The NASA initiative aims to strengthen the broad principles of peaceful human collaboration and co-existence in space.

Dubai: The United Arab Emirates Space Agency (UAESA) has signed the Artemis Accords, an international treaty that aims to further cement the principles of peaceful collaboration and co-existence in the exploration of space, planetary science and space engineering, and paving the way for Lunar and Martian exploration.

NASA has formally announced the Artemis Accords – a series of principles and processes whereby America and other countries would agree to a common set of principles covering how the Moon is to be explored and its resources utilised – in May this year.

It covers several high-level principles to strengthen collaboration and governance in the next era of space exploration and it reaffirms the principles in the Outer Space Treaty and promotes a positive commercial interpretation of activities on celestial bodies.

It underpins a number of important areas, including transparency, rendering emergency assistance to astronauts in distress, respecting heritage and the public release of scientific data for all to enjoy.

Pushing the boundaries

 “We have ourselves benefited from many fruitful partnerships as we have evolved our own space programme,” Sarah Al Amiri, UAE Minister for Advanced Technology and Chair of the UAE Space Agency, said.



Sarah Al Amiri, UAE Minister for Advanced Technology and Chair of the UAE Space Agency.

“As a result, we have also been able to make increasingly effective contributions to international efforts to push the boundaries in our shared human knowledge and understanding of our universe,” she said.

The UAE Space Program has evolved from the country being a buyer and operator of satellites to building its own space systems engineering capabilities, with collaborations including partnerships in South Korea, Japan, Russia, the US and European Union.

The Emirates Mars Mission, in particular, is an international collaboration, involving US-based academic partners, US and European science contributors and a Japanese launch partner.

“From agreeing basic standards regarding the interoperability of systems through to underpinning important principles of safety and standards to guide operational excellence, the Accords help us to work together for the benefit of all. It is in this spirit that we welcome this initiative NASA has taken to strengthen the broad principles of peaceful human collaboration and co-existence in space,” Al Amiri said.

Building opportunities for the youth

Transparency, public registration and de-conflicting activities are all core to the Accords, which will also help to build future multilateral discussions at the United Nations Committee on the Peaceful Uses of Outer Space and other international forums.

“Everything we learn from our journeys to space helps us in our understanding of our fragile world and the planetary systems that sustain humanity. Our commitment to scientific research, planetary science and space systems engineering is rooted in our desire to nurture and build opportunities for our young people, to further our nation’s development,” Amiri added.

The UAESA was launched in 2014 with a vision to establish the Emirates as a leader and key stakeholder in space and to inspire future generations of Emiratis to actively pursue career ambitions in this field.

Wipro to acquire US-based Eximius Design

  • Indian firm aims to strengthen its leadership in VLSI and systems design services.

Bengaluru:  Wipro Limited has signed a definitive agreement to acquire California-based engineering services company Eximius Design.

Eximius’ offerings and solutions will be consolidated as a part of Wipro’s EngineeringNXT framework, providing customers with a platform to innovate and engineer the next generation of products and platforms at scale. 

“Eximius enables Wipro to strengthen market leadership in VLSI and systems design services by expanding our market presence and strengthening our technical leadership in the semiconductor ecosystem, to help accelerate silicon innovation for our customers,” Harmeet Chauhan, Senior Vice-President, Industrial and Engineering Services at Wipro Limited, said.

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending December 31, 2020.

Founded in August 2013 and headquartered in San Jose, California, US, Eximius has design centres in the US, India and Malaysia.

Their clientele includes some of the Fortune 100 corporations and new age companies across semiconductors, cloud and hyperscale infrastructure, consumer electronics and automotive segments.

Amazon Prime Day shoppers beware, you are on hackers’ radars

Dubai: Bargain-hunting shoppers on Amazon Prime Day, beware, hackers will use this opportunity to flood inboxes with fake deals and offers, designed to dupe people into downloading malware or share payment information and account details.

Amazon Prime Day, happening on October 13th and 14th, offers sales and deals to consumers just before the busy Christmas period but hackers also will be busy targeting the same customers.

According to a cybersecurity firm Tessian, cybercriminals will always follow the money and with more consumers than ever turning to online stores for their shopping due to Covid-19, experts are predicting more phishing scams than ever, purporting to offer sales on behalf of Amazon.

“It won’t just be consumers looking to take advantage of the once-a-year deals offered this Amazon Prime Day. Hackers, too, will see this as a golden opportunity to launch phishing attacks that dupe people out of money and trick them into downloading malware or sharing personal information,” Tim Sadler, CEO at Tessian, said.

Moreover, he said that popular shopping days like Amazon Prime Day create the perfect environment for hackers’ phishing attempts and consumers are expecting to receive more marketing and advertising emails during popular shopping periods, and this makes it easier for cybercriminals to ‘hide’ their malicious messages in people’s noisier-than-usual inboxes.

Attackers can also leverage the ‘too-good-to-be-true’ deals, using them as lures to successfully deceive their victims, he said.

“Throughout this year, we’ve seen cybercriminals “piggy-backing” on high profile events to make their phishing attacks as convincing as possible. We can expect similar tactics this Prime Day, with hackers impersonating Amazon in their emails and supposedly providing people the deals they are seeking,” he added. 

What to do about it

  • If something seems too good to be true, it probably is. Be wary of emails that offer special deals or coupons associated with Prime Day – especially if those discounts can only be accessed by clicking on a link or from a brand or name you don’t recognise. 
  • Always check the sender and verify that it’s a legitimate email address. Scammers will often take advantage of the fact that mobile email only shows a display name, as opposed to the full email address. This means that a bad actor could send a message from an unknown email address, but change the display name to “Amazon” to make it appear legitimate.
  • If you receive an email or text that has an associated action or a sense of urgency or deadline, it’s most likely a scam. Ask yourself, does this request make sense?
  • Check for spelling or grammar mistakes. Legitimate messages from large companies will rarely have errors.
  •  If a message contains a link or attachment, it is likely fraudulent. As a rule of thumb, be sceptical of any hyperlinks and don’t click.

BrainChip aims to cash in on neuromorphic chip

  • Neuromorphic hardware is very good at finding an abnormality in a data pattern without the need to retrain in the cloud.

Dubai: Neuromorphic chip, mimicking brain processing, has been around for a while but it is still in deep research by Intel, IBM, MIT, Stanford and others.

Neuromorphic computing is the next level of artificial intelligence and it aims to create a system similar to how neurons fire and interact in the human brain.

IBM has TrueNorth and Intel has Loihi but they are used for research purposes and not for commercial use.

But one company that is trying to cash in on industrial automation is the Australian-listed tech company – BrainChip – which is bringing artificial intelligence to the edge in a way that is beyond the capabilities of other products.

“Both IBM and Intel have neuromorphic chips but our chip is more efficient than others and we go one step further, it can convert CNN to SNN or to native SNN,” Anil Mankar, Chief Development Officer and Co-Founder at BrainChip, told TechChannel News.

Convolutional Neural Networks (CNNs) are a category of neural networks that have proven very effective in identifying faces, objects and traffic signs apart from powering vision in robots and self-driving cars and are widely used in pattern recognition and image processing.

Spiking Neural Networks (SNN) is the next generation of machine learning and operates using spikes, which are discrete events that take place at points in time, rather than continuous values.

BrainChip has a new neuromorphic processor knows as Akida, the Greek word for a spike, which can solve today’s CNN problems and is ready for third-generation of AI – SNN.

“There is a lot of algorithms developed for CNN and there is a lot of algorithms that are not yet developed for CNN. Akida can have 1.2 million neurons and 100 billion synapses, the electricity going from the brain to give action, compared to Intel’s Loihi chip has 128,000 neurons and 100 million synapses and our efficiency is better than IBM and Intel,” Mankar said.

No real learning in DLA

The Akida neural processor analyses data such as images, sounds, data patterns, and other sensor data and extracts useful information generated from events in the data.

In Deep Learning Accelerator (DLA), he said that there is no real learning in that and you are training it for a dataset.

“When a child sees a dog, his mother has to tell him that it is a dog and his brain stores it. Next time, when he sees a dog, he knows that it is a dog. Instead of this, if his mother shows the dog picture and tells it is a cat, the child’s brain stores it as a cat,” he said.

Anil Mankar, Chief Development Officer and Co-Founder at BrainChip.

However, in a neuromorphic environment, he said that it can learn from the repetitive patterns coming in from the spikes, which means similar to what the human brain does and the neuromorphic hardware learn all the five senses which DLA does not do that.

“Our chip can do what DLA does such as audio signature, keyword spotting, finding objects or classification in video frames like a CNN do but what neuromorphic hardware does it very well is finding unsupervised learning of finding patterns what you don’t know by looking at the events that are coming in and learning from that, with on-chip learning, and you can label it afterwards,” he said.

With incremental learning, he said that new classifiers can be added to the network without retraining the entire network.

Living on the edge

Neuromorphic hardware is very good at finding an abnormality in a data pattern without the need to retrain in the cloud and can benefit sectors such as security, smart cities, home building, automation, autonomous driving, IoT, medical, drones and biometric.

At the edge, sensor inputs are analysed at the point of acquisition rather than through transmission via the cloud to a data centre.

BrainChip has signed several important partnerships over the past several months with Ford, Valeo and most recently with Vorago for developing AI solutions for NASA.
The BrainChip Early Access Program is available to a select group of customers that require early access to the Akida device, evaluation boards and dedicated support.
“Many edge-AI processors take advantage of the spatial sparsity in neural network models to eliminate unnecessary computations and save power but neuromorphic processors achieve further savings by performing an event-based computation, which exploits the temporal sparsity inherent in data generated by audio, vision, olfactory, lidar and other edge sensors,” Mankar said.

Moreover, he said that neuromorphic chips can play a big part in machine learning if it is close to the sensor and can make the sensor smart.

 “What we have taken, so far, is baby steps to make algorithms that mimic how the brain does something which is low power. The industry is still very niche and it will hundreds of years for us to understand the brain because it is complex and there are columns in the brain. Nobody can match the human capacity to detect objects,” he said.

A human brain has 88 billion neurons and 100 trillion synapses and in 20W ultra-low power.

Product commercialisation

“Neuromorphic hardware will allow the machines to do exactly what all the five senses – see, hear, smell, touch and taste – of the human being do just to see, differentiate and classify them.

“Everybody is moving away from computational-based deep learning to neuromorphic. Intel has a research chip and researchers are using it to find new algorithms in neuromorphic hardware,” he said.

However, Mankar said that they are not going after the research but to commercialise the product for current applications.

The 28nm chip costs close to $15 for mass volumes.

BrainChip does not want to rest on its laurels and has already started R&D on next-generation neuromorphic chip with memory.

Are regulators using AI to take financial criminals head-on?

  • India’s RBI is using Artificial Intelligence to prevent financial crimes.
  • Nasdaq Automated Investigator for AML is considered the first automated solution for investigating anti-money laundering (AML) and can potentially trigger as many as 200,000 to 300,000 alerts a month in extreme cases.   

Bengaluru: Artificial intelligence (AI) can play an important role in fraud detection and money laundering and regulators are working on deploying solutions that can minimise the possibilities of financial crime, a senior official of India’s Central Bank said. 

Globally, banks spend about $30 billion every year only to fight financial crimes and as per reports, less than one per cent of all suspicious activity detected by the bank monitoring system yields information that can be used by a regulator or law enforcement agency. 

The Reserve Bank of India (RBI) has put in place a central information registry and with data collected over time, the algorithms can tackle offences ranging from cheque frauds to money laundering and be able to intelligently predict possibilities of such occurrences and take preventive measures.  

Cheque fraud detection system

“A few weeks back, we introduced the cheque-truncated mechanism. In August this year, we rolled out ‘Positive Pay’ in an effort to identify the misuse of cheques. As the system gets more popular and software develops more, will be easily able to develop the cheque fraud system,” T. Rabi Sankar, Executive Director, Reserve Bank of India, says. 

The Positive Pay System for Cheque Truncation System (CTS) will be implemented from January 2021 and involves a process of reconfirming key details of large value cheques.

Under this process, the issuer of the cheque submits electronically, through channels like SMS, mobile app, internet banking, ATM, etc., certain minimum details of that cheque (like date, name of the beneficiary/payee, amount, etc.) to the drawee bank, details of which are cross-checked with the presented cheque by CTS.

Any discrepancy is flagged by CTS to the drawee bank and presenting bank, who would take redressal measures. 

National Payments Corporation of India (NPCI) will develop the facility of Positive Pay in CTS and make it available to participant banks. Banks, in turn, shall enable it for all account holders issuing cheques for amounts of Rs50,000 and above.  

AI helps investigate AML

Sankar, who was speaking during the recent global AI summit RAISE (Responsible AI for social Empowerment) that was held online, said the advancement of AI technology would also help in detecting money laundering.

“Artificial intelligence should help identify trends in the movement of money, which is key to identify money laundering and similar anti-social service.” 

Last month, US Stock Exchange Nasdaq announced that it is deploying a tool to identify and investigate anti-money laundering (AML) and other financial crimes for retail, commercial banks and other financial institutions. 

The cloud-deployed Nasdaq Automated Investigator for AML has been designed and built in partnership with UK-based Caspian in which Nasdaq Vantures – the investment arm of Nasdaq has a minority stake.  

Considered as the first automated solution for investigating AML for retail and commercial banks and other financial institutions, it can potentially trigger as many as 200,000 to 300,000 alerts a month in extreme cases.   

According to Nasdaq, the new system ingests alert data from any transaction monitoring system, collates all of the necessary data required for analysis, analyses the data and then replicates complex human decision making to provide a clear, auditable justification for all alerts regardless of volume, and in seconds.  

The technology is powered by multiple variants of artificial intelligence including both supervised and unsupervised learning in conjunction with business rules to provide a significant increase in operational efficiency. 

Nasdaq also says it sees broad applicability for this new category of solutions and plans to roll out functionality across complementary financial crime segments in the future. 

NowPay raises $2.1m to spread its wings across MENA

  • NowPay to provide several benefits for employers that choose to proactively address employee wellness.

Dubai: Cairo-based FinTech startup – NowPay – has raised $2.1 million in a “Seed” investment round, led by Foundation Ventures and Endure Capital.

The other investors include Beco Capital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech, Ebtikar, Quirky Ventures, Gehan Fathi, and Rolaco.

The financial-wellness platform for employees to use the proceedings to deepen the capabilities of the platform, expand its team and establish its footprint in the MENA (Middle East and North Africa) region and beyond.

 “During the peak of Covid-19 lockdowns, we are proud to have had well-known and eminent investors back us, signalling trust in our business concept and our team. Saving, spending, budgeting, and borrowing, are our four pillars of financial wellness,” Mostafa Ashour, Co-founder and CEO of NowPay, said.

Financial stress

Financial stress plays a major role as a top distraction for employees, he said, adding that NowPay will bridge that gap and provide several benefits for employers that choose to proactively address this area of employee wellness.

In recent months, he said that NowPay helped empower both the employees and employers alike.

“We want to improve every financial aspect for employees and make financial inclusion a reality,” he added.
Founded in 2019, the startup raised $600,000 from 500 Startups and Endure Capital in the “Pre-Seed” round and an undisclosed amount in “Bridge” from EFG-EV Fintech and %00 Startups.

“There is an asymmetry between expenses and income, which puts a lot of stress on employee’s morale, and hampers productivity. We are thrilled to join NowPay’s incredible team on this journey of empowering employees with the happiness and wellness that financial stability provides,” Ziyad Hamdy, Managing Partner at Foundation Ventures, said.

Within a very short period, Ashour said that they have managed salaries in excess of $100 million with a 60 per cent month-over-month growth rate.

“We have integrated our platform with leading Egyptian and multinational names such as Sodic, Wadi Degla, Domty, and AXA to name a few, a testament of our ability to help the financial wellness of employees for our clients.

“We have a very strong pipeline with many more big names waiting to onboard our platform and we look forward to forging ahead as pioneers in this space,” he said.