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Why leaders should be using AI in their businesses right now

#artificialintelligence

Artificial Intelligence is no new concept. The phrase was first coined by John McCarthy in 1956[1], when he invited a group of researchers to discuss the notion of'thinking machines' during a conference at Dartmouth College. Since then, it has been a point of fascination for scientists, academics, software developers, and moviemakers alike. Fast-forward to today where you'll find lots of examples hiding in plain sight. From digital assistants like Amazon's Alexa or Apple's Siri, who use AI to learn from user interactions, to automated email responses and search engines predicting what you're looking for.


Advantages and Disadvantages of Artificial Intelligence: How To Use AI in Your Business

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Artificial intelligence (AI) has virtually unlimited applications that are part of our everyday life. It offers countless solutions across all industries. Artificial intelligence is a major market player in the business world. AI plays a key role in data analysis, marketing, finance, business, advertising, medicine, technology, science and engineering where machines are learning from stimuli and reacting in ways more human than ever before. Artificial intelligence has several advantages and disadvantages, so it's important to know how to use it to maximize its potential within your organization.


OpenAI's CLIP is the most important advancement in computer vision this year

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CLIP is a gigantic leap forward, bringing many of the recent developments from the realm of natural language processing into the mainstream of computer vision: unsupervised learning, transformers, and multimodality to name a few. The burst of innovation it has inspired shows its versatility. And this is likely just the beginning. There has been scuttlebutt recently about the coming age of "foundation models" in artificial intelligence that will underpin the state of the art across many different problems in AI; I think CLIP is going to turn out to be the bedrock model for computer vision. In this post, we aim to catalog the continually expanding use-cases for CLIP; we will update it periodically.


FTC says health apps must notify consumers about data breaches -- or face fines – TechCrunch

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The U.S. Federal Trade Commission (FTC) has warned apps and devices that collect personal health information must notify consumers if their data is breached or shared with third parties without their permission. In a 3-2 vote on Wednesday, the FTC agreed on a new policy statement to clarify a decade-old 2009 Health Breach Notification Rule, which requires companies handling health records to notify consumers if their data is accessed without permission, such as the result of a breach. This has now been extended to apply to health apps and devices -- specifically calling out apps that track fertility data, fitness, and blood glucose -- which "too often fail to invest in adequate privacy and data security," according to FTC chair Lina Khan. "Digital apps are routinely caught playing fast and loose with user data, leaving users' sensitive health information susceptible to hacks and breaches," said Khan in a statement, pointing to a study published this year in the British Medical Journal that found health apps suffer from "serious problems" ranging from the insecure transmission of user data to the unauthorized sharing of data with advertisers. There have also been a number of recent high-profile breaches involving health apps in recent years. Babylon Health, a U.K. AI chatbot and telehealth startup, last year suffered a data breach after a "software error" allowed users to access other patients' video consultations, while period tracking app Flo was recently found to be sharing users' health data with third-party analytics and marketing services.


AI Avant-Garde: 3 Pioneering Works That Revolutionised The Field

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Modern-day AI is a culmination of weird ideas of stalwarts spread over centuries. The year 2021 especially is special in this regard as it also happens to be the 375th birth anniversary of Gottfried Wilhelm Leibniz, the 90th anniversary of Kurt Goedel's 1931 groundbreaking paper, and the 80th anniversary of Konrad Zuse's seminal work. These works laid the foundations for modern-day AI and its algorithms. The significance of this year was first brought to light by Prof. Juergen Schmidhuber, who himself has been responsible for many groundbreaking works in the field of AI. Also known as the world's first computer scientist, Leibniz's work had a great impact on the field of computing.


Human-centricity and the limits of AI

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Our last article covered Talent Ranking and in this article I'm going to cover Human Centric. This is a fair question to ask. Why do we believe human-centricity is important? Well firstly we need to understand a little about the alternative, Artificial Intelligence or Machine Learning (referred to as AI in the rest of the article). Where do we already have AI in the world of talent acquisition?


How Companies Are Using Artificial Intelligence? - AWPLife Blog

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Take a look at how AI companies are implementing AI. By automating procedures and operations that formerly required human intervention, Artificial Intelligence (AI) is increasing company efficiency and production. AI is also capable of comprehending data at a level that no human has ever achieved. This skill has the potential to be extremely useful in the workplace. AI has the potential to enhance every function, business, and industry.


Ways On How Artificial Intelligence Is Changing The Insurance Landscape: - EntrepreneursFace

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The term'Artificial Intelligence' or AI has been in vogue for quite some time. We have usually seen the use of AI in science fiction movies, and the effects are intimidating. Artificial Intelligence continues to be a hot topic, and with the advancement of technology, AI is improving every day and has entered our lives. Talking about the insurance sector, most insurance policies, including term insurance plans globally, continue to record relatively modest numbers since some of the market segments are largely under-penetrated. But the scenario is gradually changing as people are becoming aware of the importance of insurance in their everyday living.


Artificial Intelligence and how the courts approach the legal implications

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Artificial intelligence (AI) and automation are continually changing the way we do business. Organisations across all industries and sectors are deploying machine learning and NLP (natural language processing) technologies to automate processes in almost every part of their operation. For businesses, AI means improving efficiencies, amplifying productivity and reducing cost. But while there are many advantages, AI also presents a wide range of legal challenges – especially in areas such as regulatory compliance, liability, risk, privacy and ethics. To compound matters, regulation of AI is slow to develop, leaving businesses with no choice but to navigate the unknown.


World's most accurate visual question–answering AI

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Toshiba Corporation has developed the world's most accurate highly versatile Visual Question Answering (VQA) AI, able to recognize not only people and objects, but also colors, shapes, appearances and background details in images. The AI overcomes the long-standing difficulty of answering questions on the positioning and appearance of people and objects, and has the ability to learn information required to handle a wide range of questions and answers. It can be applied to a wide range of purposes without any need for customization. In experiments using a public dataset comprising a large volume of images and data text, the VQA AI correctly answered 66.25% of questions without any pre-learning and 74.57% with pre-learning. For example, the AI can find a worker standing in a designated place by asking questions like, "is the person on a black mat?" which requires recognition of the individual, position, shape and color.