Government
Watch How Drones Fight Pirate Fishing From the Sky
Belize has long struggled to control illegal fishing both in its waters and by vessels flagged to its country. But efforts to turn the tide are starting to pay off, says Julio Maaz, who serves as a fisheries coordinator in the country with the nonprofit group Wildlife Conservation Society. In March 2014, the European Union suspended all seafood imports from Belize, saying the country had not acted forcefully enough to prevent illegal fishing, also known as pirate fishing. But the country responded by upping its enforcement activities (including by deploying the coast guard), and the European Union restored its trade relationship by the end of that year. Further progress has been made since then, but the country still has a ways to go, says Maaz. Belize's multimillion coastal fishing industry is made up of 2,700 registered fishermen, with 650 vessels.
Insurtech: UK regulators ahead of the game - Raconteur
In the retail insurance space, consumers are more connected than ever, via a multitude of devices and through multiple platforms. This has two consequences: first, consumers increasingly expect a much better, smarter service. "People are frustrated with a clunky process for buying insurance, and want an easier and quicker process through simple digital channels," says John Salmon, a technology partner at Hogan Lovells. Second, a larger proportion of consumers fall into Generation Y or the millennial generation: these individuals are less likely to own property or cars, are less attracted by life assurance and are looking for more tailored cover they can buy easily and quickly. They are attracted by the sharing economy.
Banks Must Confront Technological Competitors Large And Small
The once stable world of banking faces serious competitive threats from technology companies large and small. This is happening as the very notion of what consumers expect from a bank is changing. In order to overcome these challenges, traditional banks need to undergo a period of radical change. They'll have to adapt to a complex environment in which financial service providers have different backgrounds, strengths and operating models. A number of technology giants already offer services that challenge traditional financial service providers.
The White House's report on AI and the economy warns of increasing inequality
The White House has issued a sequel to its October report on how the U.S. should approach artificial intelligence and its effects on various groups and institutions. Today's report focuses on the potential economic effects of AI, and while it's far from a dark outlook, it does warn that with improper handling, automation could drive further inequality in this already deeply divided country. "You look at the last couple decades, we have seen an increase in inequality," said Jason Furman, Chairman of the Council of Economic Advisers, on a press call discussing the paper. "In part that increase has been because of a technological fact: that technological innovation, more recently, has helped complement people with higher skills. So we now have a few decades of experience with technology helping to contribute to inequality."
New White House report addresses effect of AI on unemployment - TechRepublic
On Tuesday, the US government continued a national conversation on the impact of artificial intelligence on the workforce. The new White House report, Artificial Intelligence, Automation, and the Economy, serves as a follow-up to its October report, Preparing for the Future of Artificial Intelligence, which looked at the role of government in the development and implementation of artificial intelligence. It's an effort by the US government to address the huge impact automation is currently having on jobs--which promises to be felt more deeply as artificial intelligence advances. The report explores the history and impact of automation on the economy, and looks at jobs that could be lost or gained from artificial intelligence. It also outlines three policy strategies meant to help prevent automation from taking jobs away from humans.
TheStreet, co-founded by Jim Cramer, could be delisted if its stock price stays too low
Investor news site TheStreet Inc. was warned that it could be delisted from the Nasdaq Global Market after its stock closed below $1 a share for 30 consecutive business days. The New York-based publication has until June to turn things around, it said in a filing this month with the Securities and Exchange Commission. If the price of TheStreet's stock closes at $1 per share or higher on at least 10 consecutive business days, the company will not be delisted. Even if the stock price does not improve, TheStreet can appeal before the delisting occurs. TheStreet declined to comment beyond what was in the SEC filing.
Can Alexa help solve a murder? Police think so -- but Amazon won't give up her data
When police responded to a home in Bentonville, Ark., one Sunday morning last November, they discovered Victor Collins's dead body in the backyard, floating face up in a hot tub. Police records describe a grim scene: Collins's left eye and lips were dark and swollen, and blood and pink foam appeared to be coming out of his nose. The water inside the spa had turned a dark reddish hue, seemingly discolored by blood, feces and vomit. The resident who had called 911, James A. Bates, told police that he and a few work buddies, including Collins, had stayed up the night before watching football and drinking. Bates agreed to let two of them crash at his house, he told police, then went to bed.
Murder detectives sought Amazon Echo data - BBC News
US police investigating a murder have tussled with Amazon over access to data gathered by one of its Echo speakers. The voice-controlled device was found near to a hot tub where the victim was found dead amid signs of a struggle. According to court filings, Amazon was issued with two search warrants but refused to share information sent by the smart device to its servers. However, the police said a detective found a way to extract data from the device itself. The accused killer has yet to be put on trial and it is not clear whether the information ultimately proved useful to the investigation.
9 predictions for AI in 2017
AI has been hot in 2016, and it's not cooling off anytime soon. The investments, acquisitions, trials, reorganizations and breakthroughs of the past year have set the AI industry up to have tremendous impact over the next twelve months. We'll stop talking about far-fetched, man-versus-machine Skynet predictions and instead figure out how to harness AI to turn the slag pile of big data into the orderly summit of our dreams. The hype curve will calm down as people realize what AI can do and is doing, and thus form more realistic pictures of what it will do. We'll embrace AI as critical for our economic productivity.
Artificial Intelligence is set to shape our lives – and the economy – in 2017
Will technology at last help us to feel richer in 2017? The prevailing concern for several years now has been that despite rising GDP most people are not feeling any richer, and some people attribute the success of populist politicians to this sense of resentment. But we will hear a lot more about the clutch of technologies that potentially can transform our living standards, and accordingly give a practical response to populism by showing that things can and will get better. The core set of these technologies goes under the umbrella term Artificial Intelligence. The New York Times Magazine has just run a piece by Gideon Lewis-Kraus, under the title "The Great A.I. Awakening", which sums up what is happening.