To help its service technicians more efficiently repair and maintain its models, Mercedes-Benz USA is outfitting all of its authorized American dealerships with HoloLens 2 headsets. The devices are equipped with Microsoft Dynamics 365 Remote Assist, a mixed reality app that that lets users collaborate during hands-free video calls from their own computers. Organizations have long known the importance of business resiliency, but becoming resilient requires time and preparation, and the pandemic has forced many organizations to evolve at a pace few could have imagined. To recover and thrive within this new context presents new challenges. That is why we are partnering with customers to support faster adoption of digital capabilities.
See list and speakers following the plenary agenda, below. The Athens Roundtable is committed to advancing legal stakeholder education in AI and the law. The Roundtable is being held with the intention that attendees qualify for continuing legal education in their areas of professional practice. Attendance is upon invitation only. If you wish to attend, please request an invitation at email@example.com.
Frequently described as the world's most important number because it underpins trillions of dollars of transactions, the London interbank offered rate (Libor) has persisted until now despite a scandal that caused lasting reputational damage to the entire financial system. Libor is the key interest rate benchmark for mortgages, loans and contracts but it has been tainted since 2012 when it emerged that banks had misstated their Libor rate submissions, often in collusion, to make better returns. The controversy led to at least five traders going to jail in the UK, and US and UK regulators extracting penalties totalling about $10bn. Regulators want Libor phased out by December 31 2021, and banks are pivoting to alternative risk-free rates such as Sonia (sterling overnight interbank average rate). Its demise is already a headache for law firms and banking clients, which must examine hundreds of thousands of legal contracts containing references to the Libor rate and then rewrite and "repaper" them to ensure they include the new reference rates.
Artificial intelligence (AI) has become a part of our everyday lives from healthcare to law enforcement. AI-related ethical challenges have grown apace ranging from algorithmic bias and data privacy to transparency and accountability. As a direct reaction to these growing ethical concerns, organizations have been publishing their AI principles for ethical practice (over 100 sets and increasing). However, the multiplication of these mostly vaguely formulated principles has not proven to be helpful in guiding practice. Only by operationalizing AI principles for ethical practice can we help computer scientists, developers, and designers to spot and think through ethical issues and recognize when a complex ethical issue requires in-depth expert analysis.
The potential positive impact of Artificial Intelligence (AI) is significant and organizations can expect to cut GHG emissions by 16% in the next three to five years through AI-driven climate action projects according to a research report by Capgemini Research Institute. Despite the considerable potential of AI for climate action, adoption remains low. More than eight in ten organizations spend less than 5% of climate change investment on AI and data tracking; 54% have fewer than 5% of employees with the skills to take up data and AI-driven roles; and more than a third (37%) of sustainability executives have decelerated their climate goals in light of COVID-19, with the highest deceleration in the energy and utilities industry. Only 13% of organizations have aligned their climate vision and strategy with their AI capabilities – these are who Capgemini defines as climate AI champions. Two-fifths of these come from Europe, followed by the Americas and APAC.
In 1939, shortly before the German invasion of Poland, a British emissary, Lord Lothian, visited the White House with an unusual request. The United Kingdom was unable to protect the world from the Nazis, Lothian told President Franklin Delano Roosevelt. "Anglo-Saxon civilization" would thus need a new guardian. The scepter was falling from British hands, Lothian explained, and the United States must "snatch it up." Though informally made, it was an extraordinary entreaty.
MEPs are currently working on legislation to be adopted around artificial intelligence (AI). Innovation, access to data, protection of citizens, ethics, research, legal, social and economic issues, the impacts of the future regulation are numerous and central for citizens, administrations and businesses alike. So what are the outlines of the EU legislation envisaged by MEPs on artificial intelligence? This is the question Parliament has answered. Intelligence plays a major role in the digital transformation of our societies.
These are amongst the first detailed legislative proposals to be published internationally, so make for interesting reading for stakeholders worldwide. For AI product producers, these ideas merit careful consideration. Next year, the European Commission said it would issue draft regulations on AI. The Commission could well adopt any of the European Parliament's proposals, or variants on them. Affected stakeholders will have opportunities to engage with any new AI laws during the normal legislative process, but efforts to understand how these proposals could affect your company should start now.
AI has opened doors to many transformation opportunities and increasingly minimised many risks -- personal and economic -- that are alarming today. And illicit trade is one of those pains AI can offer a promising solution against. Illicit trade is a serious threat and problem that affects governments and societies on every level. While governments lose financial funds in tax revenues, thriving businesses are losing potential customers, and customers are getting tricked into purchasing counterfeit, low-quality products. Transnational organized crime generates revenue of $2.2 trillion through transnational criminal organizations, complicit corrupt facilitators, and other threat areas.
New technologies have always thrown up new questions about Intellectual Property. Whether that's the printing press revolution, the invention of recorded music, or the advent of the internet. Artificial Intelligence is no different. Over the past ten years AI technologies have accelerated. I've seen for myself the incredible impact they're having across a huge range of sectors – from medicine to manufacturing.