In many ways, artificial intelligence (AI) is already affecting organisations and the way we work. As such, businesses need to be able to respond to AI and harness big data to make decisions that benefit employees, customers and shareholders. So what challenges and opportunities does AI create for business leaders today? How business leaders can utilise AI today and prepare for its future is discussed in part two of The Business of Transformational Leadership, the ninth episode of the AGSM @ UNSW Business School Leadership Podcast series. In the podcast, Host Emma LoRusso, CEO and Co-founder of Digivizer, who completed an AGSM MBA (Executive) in 2013, is joined by Toby Walsh, Scientia Professor of AI in the School of Computer Science and Engineering at UNSW Sydney. He also leads the algorithmic decision theory group at CSIRO's digital research network, Data61.

Artificial intelligence tools that seek to address complex public problems need to be developed with the input of the decision-makers who will implement them, Mitzi Bolton writes. Turn on the news, social media, or catch up with friends and you'll no doubt find conversations turning to the problems of society, things that could or should be done differently. Things the government ought to fix but seems unable to address. There's the risk of exceeding planetary boundaries, increased incidence of zoonotic diseases, climate change and its related impacts, continuing debates over management of the Murray Darling Basin, disincentives to workforce participation, handling of hotel quarantine, and many more. These and other highly challenging problems, often considered in isolation, come together when global progress on the Sustainable Development Goals (SDGs) is considered.

Surfers know they share the waters they love with sharks, but technology may soon offer some added protection from a possible encounter. According to Southern Cross University researcher Andrew Colefax, the day is nearing that autonomous drones -- which do not require a line-of-sight operator -- will be able to offer shark detection at any point along the coastline. "I feel like that's around the corner," Dr Colefax said. He has spent four years of intense research and development in the field of drones and shark detection, and said artificial intelligence (AI) and machine learning will be a game changer on beaches in the near future. "There is continual research in this method to make it more reliable and provide a better level of safety," Dr Colefax said.

Joy Buolamwini from the MIT Media Lab says facial-recognition software has the highest error rates for darker-skinned females. New applications powered by artificial intelligence (AI) are being embraced by the public and private sectors. Their early uses hint at what's to come. In June 2020, IBM, Amazon and Microsoft announced that they were stepping back from facial-recognition software development amid concerns that it reinforces racial and gender bias. Amazon and Microsoft said they would stop selling facial-recognition software to police until new laws are passed in the United States to address potential human-rights abuses.

Growing research demonstrates that synthetic failure modes imply poor generalization. We compare commonly used audio-to-audio losses on a synthetic benchmark, measuring the pitch distance between two stationary sinusoids. The results are surprising: many have poor sense of pitch direction. These shortcomings are exposed using simple rank assumptions. Our task is trivial for humans but difficult for these audio distances, suggesting significant progress can be made in self-supervised audio learning by improving current losses.

Ramp metering that uses traffic signals to regulate vehicle flows from the on-ramps has been widely implemented to improve vehicle mobility of the freeway. Previous studies generally update signal timings in real-time based on predefined traffic measures collected by point detectors, such as traffic volumes and occupancies. Comparing with point detectors, traffic cameras-which have been increasingly deployed on road networks-could cover larger areas and provide more detailed traffic information. In this work, we propose a deep reinforcement learning (DRL) method to explore the potential of traffic video data in improving the efficiency of ramp metering. The proposed method uses traffic video frames as inputs and learns the optimal control strategies directly from the high-dimensional visual inputs. A real-world case study demonstrates that, in comparison with a state-of-the-practice method, the proposed DRL method results in 1) lower travel times in the mainline, 2) shorter vehicle queues at the on-ramp, and 3) higher traffic flows downstream of the merging area. The results suggest that the proposed method is able to extract useful information from the video data for better ramp metering controls.

KNN classification is a query triggered yet improvisational learning mode, in which they are carried out only when a test data is predicted that set a suitable K value and search the K nearest neighbors from the whole training sample space, referred them to the lazy part of KNN classification. This lazy part has been the bottleneck problem of applying KNN classification. In this paper, a one-step computation is proposed to replace the lazy part of KNN classification. The one-step computation actually transforms the lazy part to a matrix computation as follows. Given a test data, training samples are first applied to fit the test data with the least squares loss function. And then, a relationship matrix is generated by weighting all training samples according to their influence on the test data. Finally, a group lasso is employed to perform sparse learning of the relationship matrix. In this way, setting K value and searching K nearest neighbors are both integrated to a unified computation. In addition, a new classification rule is proposed for improving the performance of one-step KNN classification. The proposed approach is experimentally evaluated, and demonstrated that the one-step KNN classification is efficient and promising.

Prediction and quantification of future volatility and returns play an important role in financial modelling, both in portfolio optimization and risk management. Natural language processing today allows to process news and social media comments to detect signals of investors' confidence. We have explored the relationship between sentiment extracted from financial news and tweets and FTSE100 movements. We investigated the strength of the correlation between sentiment measures on a given day and market volatility and returns observed the next day. The findings suggest that there is evidence of correlation between sentiment and stock market movements: the sentiment captured from news headlines could be used as a signal to predict market returns; the same does not apply for volatility. Also, in a surprising finding, for the sentiment found in Twitter comments we obtained a correlation coefficient of -0.7, and p-value below 0.05, which indicates a strong negative correlation between positive sentiment captured from the tweets on a given day and the volatility observed the next day. We developed an accurate classifier for the prediction of market volatility in response to the arrival of new information by deploying topic modelling, based on Latent Dirichlet Allocation, to extract feature vectors from a collection of tweets and financial news. The obtained features were used as additional input to the classifier. Thanks to the combination of sentiment and topic modelling our classifier achieved a directional prediction accuracy for volatility of 63%.

Contemporary neural networks still fall short of human-level generalization, which extends far beyond our direct experiences. In this paper, we argue that the underlying cause for this shortcoming is their inability to dynamically and flexibly bind information that is distributed throughout the network. This binding problem affects their capacity to acquire a compositional understanding of the world in terms of symbol-like entities (like objects), which is crucial for generalizing in predictable and systematic ways. To address this issue, we propose a unifying framework that revolves around forming meaningful entities from unstructured sensory inputs (segregation), maintaining this separation of information at a representational level (representation), and using these entities to construct new inferences, predictions, and behaviors (composition). Our analysis draws inspiration from a wealth of research in neuroscience and cognitive psychology, and surveys relevant mechanisms from the machine learning literature, to help identify a combination of inductive biases that allow symbolic information processing to emerge naturally in neural networks. We believe that a compositional approach to AI, in terms of grounded symbol-like representations, is of fundamental importance for realizing human-level generalization, and we hope that this paper may contribute towards that goal as a reference and inspiration.

In this era of active development of autonomous vehicles, it becomes crucial to provide driving systems with the capacity to explain their decisions. In this work, we focus on generating high-level driving explanations as the vehicle drives. We present BEEF, for BEhavior Explanation with Fusion, a deep architecture which explains the behavior of a trajectory prediction model. Supervised by annotations of human driving decisions justifications, BEEF learns to fuse features from multiple levels. Leveraging recent advances in the multi-modal fusion literature, BEEF is carefully designed to model the correlations between high-level decisions features and mid-level perceptual features. The flexibility and efficiency of our approach are validated with extensive experiments on the HDD and BDD-X datasets.