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Technology: Facial recognition is on the rise – but the law is lagging a long way behind


Melbourne/Canberra: Private companies and public authorities are quietly using facial recognition systems around Australia. Despite the growing use of this controversial technology, there is little in the way of specific regulations and guidelines to govern its use. Spying on shoppers We were reminded of this fact recently when consumer advocates at CHOICE revealed that major retailers in Australia are using the technology to identify people claimed to be thieves and troublemakers. There is no dispute about the goal of reducing harm and theft. But there is also little transparency about how this technology is being used.

Climate research now looks at the carbon footprint of artificial intelligence


For three decades now, carbon emissions from cars have been a political and social issue; there are reporting obligations for manufacturers, government regulation, and much accompanying research. A similar approach might be taken with a modern product that is spreading at an enormous pace and also has an impact on the climate: "artificial intelligence" (AI), software based on adaptive algorithms for various purposes, from self-driving cars to automatic image recognition and translation tools to optimizing logistics. Here, too, climate research is now beginning to measure the carbon footprint. A framework for this is provided by a new study with contributions from the Berlin-based climate research institute MCC (Mercator Research Institute on Global Commons and Climate Change). The study is published in the journal Nature Climate Change.

7 Accounting Practice Management Software that Rely on AI


Artificial intelligence technology has led to some surprising changes in the field of accounting. Justin Hatch of the Forbes Technology Council reports that AI helps accountants streamline many mundane tasks. Therefore, they can use it to boost productivity as much as 40%. Unfortunately, it can be difficult to know how to use AI effectively. There are a number of great software applications that use AI to help accountants.

The Future of Work


The 1st of May is celebrated as International Labor Day, as it historically marks the relentless struggle of the working class to get the workday reduced to 8 hours and the workweek to 40 hours (Al Jazeera, 2019). The history of International Labor Day is rooted in the struggle for freedom and rights. It was initially called the "day of demonstrations," as peaceful protests for the demand of reducing working hours by workers in Chicago were countered by violence by the state. It also led to the sentencing to death of revolutionary leaders, who were tried only because of their political beliefs, without any evidence linking them to violence. Although this movement for labor rights started in the West, it soon reached other parts of the globe as well, where non-Western countries like India, Bangladesh, and Pakistan also initiated similar demonstrations to support better labor rights and opportunities.

Three opportunities of Digital Transformation: AI, IoT and Blockchain


Koomey's law This law posits that the energy efficiency of computation doubles roughly every one-and-a-half years (see Figure 1–7). In other words, the energy necessary for the same amount of computation halves in that time span. To visualize the exponential impact this has, consider the face that a fully charged MacBook Air, when applying the energy efficiency of computation of 1992, would completely drain its battery in a mere 1.5 seconds. According to Koomey's law, the energy requirements for computation in embedded devices is shrinking to the point that harvesting the required energy from ambient sources like solar power and thermal energy should suffice to power the computation necessary in many applications. Metcalfe's law This law has nothing to do with chips, but all to do with connectivity. Formulated by Robert Metcalfe as he invented Ethernet, the law essentially states that the value of a network increases exponentially with regard to the number of its nodes (see Figure 1–8).

Hitting the Books: Why lawyers will be essential to tomorrow's orbital economy


The skies overhead could soon be filled with constellations of commercial space stations occupying low earth orbit while human colonists settle the Moon with an eye on Mars, if today's robber barons have their way. But this won't result in the same freewheeling Wild West that we saw in the 19th century, unfortunately, as tomorrow's interplanetary settlers will be bringing their lawyers with them. In their new book, The End of Astronauts: Why Robots Are the Future of Exploration, renowned astrophysicist and science editor, Donald Goldsmith, and Martin Rees, the UK's Astronomer Royal, argue in favor of sending robotic scouts -- with their lack of weighty necessities like life support systems -- out into the void ahead of human explorers. But what happens after these synthetic astronauts discover an exploitable resource or some rich dork declares himself Emperor of Mars? In the excerpt below, Goldsmith and Rees discuss the challenges facing our emerging exoplanetary legal system.

Will AI-generated inventions be patented in the UK? - Digital Journal


With the rapid advancements in artificial intelligence technology, how are AI-generated inventions recognised when it comes to patents? Innovation funding and Patent Box experts ABGI UK have recently looked into where inventions created by artificial intelligence (AI) systems currently stand in regard to intellectual property, and how potential changes will affect U.K. businesses. The output has been shared with Digital Journal. One important point that arises from AI, is that as artificial intelligence becomes increasingly advanced, how is AI-generated innovation considered when it comes to intellectual property? The issue is perhaps more pertinent than ever following the case earlier this year of Thaler v Comptroller General of Patents, Trade Marks and Designs.

Intuit: Credit Karma And Mailchimp Integration A Game Changer (NASDAQ:INTU)


Many of us are familiar with Intuit's (NASDAQ:INTU) industry-leading products in personal taxes (Turbo Tax) and small business accounting (QuickBooks). However, the company has expanded well beyond these two areas and assembled a portfolio of products that have improved and will continue to improve the financial lives of its customers. On Intuit's website, CEO Sasan Goodarzi described their mission statement as follows: We are a purpose-driven, values-driven company. Our mission to power prosperity around the world is why we show up to work every single day to do incredible things for our customers. Our values guide us and define what we stand for as a company.

Machine Learning in the Hiring Industry


"I just found what I was looking for in the recommendations section. How exactly did they know though?" There is one answer to this simple question: machine learning. Machine learning (ML) and artificial intelligence (AI) is rapidly becoming more utilized in our transition into the future age of technology, from predicting if one has cancer depending on various health factors, to identifying a person's handwriting and translating it into words. As innovative as it seems, there is no clear line drawn in what can be predicted from algorithms and what can not, but there are criteria and conditions to what machine learning models are considered successful.

Artificial intelligence


Deep learning[133] uses several layers of neurons between the network's inputs and outputs. The multiple layers can progressively extract higher-level features from the raw input. For example, in image processing, lower layers may identify edges, while higher layers may identify the concepts relevant to a human such as digits or letters or faces.[134] Deep learning has drastically improved the performance of programs in many important subfields of artificial intelligence, including computer vision, speech recognition, image classification[135] and others. Deep learning often uses convolutional neural networks for many or all of its layers.