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Apple to use VW self-driving vans for employees

Bloomberg Apple Inc. and Volkswagen AG struck a deal late last year that let the technology giant equip VW vans with self-driving technology to transport Apple employees between offices within the next year, according to a person familiar with the matter. The agreement is part of an internal Apple programme called Project Titan that started in 2015 as an ambitious ...

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Amazon’s AI facial recognition for police draws ire of ACLU

Bloomberg Amazon.com Inc. drew the ire of the American Civil Liberties Union (ACLU) over a facial-recognition system offered to law-enforcement agencies that the advocacy group says can be used to violate civil rights. In marketing materials obtained by the group, Amazon Web Services said its Rekognition system uses artificial intelligence to quickly identify people in photos and videos, enabling law ...

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EU’s bank-rule overhaul sets stage for tighter financial ties

Bloomberg European Union finance ministers gave the green light to an overhaul of the bloc’s banking laws, paving the way for long-planned steps towards closer integration of the euro area’s financial system. The update, first proposed in late 2016, incorporates capital and liquidity standards set by the Basel Committee on Banking Supervision. It also sets new requirements for loss-absorbing liabilities ...

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