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The case for placing AI at the heart of digitally robust financial regulation

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"Data is the new oil." Originally coined in 2006 by the British mathematician Clive Humby, this phrase is arguably more apt today than it was then, as smartphones rival automobiles for relevance and the technology giants know more about us than we would like to admit. Just as it does for the financial services industry, the hyper-digitization of the economy presents both opportunity and potential peril for financial regulators. On the upside, reams of information are newly within their reach, filled with signals about financial system risks that regulators spend their days trying to understand. The explosion of data sheds light on global money movement, economic trends, customer onboarding decisions, quality of loan underwriting, noncompliance with regulations, financial institutions' efforts to reach the underserved, and much more. Importantly, it also contains the answers to regulators' questions about the risks of new technology itself. Digitization of finance generates novel kinds of hazards and accelerates their development. Problems can flare up between scheduled regulatory examinations and can accumulate imperceptibly beneath the surface of information reflected in traditional reports. Thanks to digitization, regulators today have a chance to gather and analyze much more data and to see much of it in something close to real time. The potential for peril arises from the concern that the regulators' current technology framework lacks the capacity to synthesize the data. The irony is that this flood of information is too much for them to handle.


Call of Duty Endowment to host in-game charity run via 'Warzone'

Washington Post - Technology News

In the last decade, in-game events like Veteruns, store bundles and esports competitions have all been used as vehicles to raise money for charity. Between March 20 and April 3, all "Fortnite" proceeds were donated to four humanitarian relief funds to aid those affected by the war in Ukraine. Awesome Games Done Quick, in which players speed run hundreds of titles such as "Deathloop," "Sekiro: Shadows Die Twice" and "Super Mario 3D Land" for charity, raised over $3 million for the Prevent Cancer Foundation. And "League of Legends" players sent $6 million to Riot Games' Social Impact Fund through the purchase of the game's 1,000th skin.


AAIC22 - Applied AI Conference 2022

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Join the Applied AI Conference (online in 2022) where we focus on the real-world impact of AI in this year's topics Sales & Marketing. All of our participants and speakers may arrange virtual 1:1 meetings with each other. We connect AI solution developers with potential users, and we make sure you walk away with a bag of leads. Ever wondered how you could make AI work for your business? AAIC is the right place for you.


Amazon.com: THE AI THOUGHT BOOK: Inspirational Thoughts & Quotes on Artificial Intelligence (including 13 colored illustrations & 3 essays for the fundamental understanding of AI) (Arificial Intelligence Book 1) eBook : Durmus, Murat: Kindle Store

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Murat Durmus is CEO and founder of AISOMA. A Frankfurt am Main (Germany) based company specialized in AI-based technology development and consulting. Besides being an entrepreneur, he devotes most of his time to philosophy and AI's impacts on society.


Microsoft AI news: Making AI easier, simpler, more responsible

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We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Today is a big day for AI announcements from Microsoft, both from this week's Build conference and beyond. But one common theme bubbles over consistently: For AI to become more useful for business applications, it needs to be easier, simpler, more explainable, more accessible and, most of all, responsible. Responsible AI is actually at the heart of a lot of today's Build news, John Montgomery, corporate vice president of Azure AI, told VentureBeat. Most notable is Azure Machine Learning's preview of a responsible AI dashboard, which brings together capabilities in use over the past 18 months, such as data explorer, model interpretability, error analysis, counterfactual and causal inference analysis, into a single view.


Dyson reveals its big bet … robots

The Guardian

Dyson has signalled it is placing a "big bet" on producing robots capable of household chores by 2030, as it looks to move beyond the vacuum cleaners, fans and dryers that made its founder one of the wealthiest British businessmen. The company, founded by billionaire Sir James Dyson, on Wednesday published photographs of robot arms being used in household settings, including cleaning furniture, a claw picking up plates, and a hand-like machine picking up a teddy bear. While those may not sound like major achievements, robots still struggle with many actions that represent simple tasks for humans, such as grasping fragile objects or dealing with unfamiliar obstacles. Solving those and other problems could create new markets for the company. Dyson wants to build the UK's largest robotics research centre at its Hullavington Airfield site, close to its design centre in Malmesbury, Wiltshire.


Governance of Artificial Intelligence in the Council of Europe - AlgorithmWatch

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Algorithmic systems – often referred to by the buzzword Artificial Intelligence (AI) – increasingly pervade our daily lives. They are used to detect social benefits fraud, to surveil people at the workplace, or to predict parolees' risk of reoffending. Often, these systems do not only rest on shaky scientific grounds but can be used in ways that infringe people's basic rights – like those to non-discrimination, freedom of expression, privacy, or access to justice –, can undermine foundational democratic principles, and through their non-transparent nature and the lack of accountability mechanisms can be in tension with the rule of law. Against this background and in light of its mandate, the Council of Europe has recognized the need for states to govern the development and use of AI systems. The Council of Europe is an international organization founded in 1949 with the task to uphold human rights, democracy, and the rule of law in Europe.


Let's talk robotics with Tom Caska -- EXAPTEC

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Tom is also a co-inventor of an advanced 3D flight navigation algorithm for drones which is being utilised in new software applications for Aerologix. Tom guest lecturers at one of Australia's top universities – The University of New South Wales, teaching subject matter on Unmanned flight, he also holds a position on a government subcommittee dedicated to developing rules and regulations for unmanned aerial vehicles. Tom's passion for disruptive technology is infections, he is always looking for new challenges, especially drone tech and IoT. Tom has a very successful track record of establishing, executing and delivering large complex technical projects, Tom recently set up the largest drone network in Australia to monitor 1700 km of coastline to enhance swimmer safety. Tom enjoys complex problem solving and welcomes the challenge of empowering team members and creating new innovative ways to solve real-world problems. He has a high passion for life and enjoys a healthy lifestyle, and loves adventure sports such as kitesurfing, mountain biking when time permits.


A glimpse into the future of radiation therapy – Physics World

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Which innovations will have the greatest impact in radiotherapy by 2030? That was the question posed in the closing session of last week's ESTRO 2022 congress; and five experts stepped up to respond. As often seen in debate-style ESTRO sessions, competition was intense and gimmicks were plentiful, with all talk titles based on movies and a definite sci-fi twist. Before battle commenced, the audience voted for their preferred innovation based on the presentation titles. This opening vote put personalized inter-fraction adaptation as the winner.


The $2 Billion Emoji: Hugging Face Wants To Be Launchpad For A Machine Learning Revolution

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When Hugging Face first announced itself to the world five years ago, it came in the form of an iPhone chatbot app for bored teenagers. It shared selfies of its computer-generated face, cracked jokes and gossiped about its crush on Siri. It hardly made any money. The viral moment came in 2018--not among teens, but developers. The founders of Hugging Face had begun to share bits of the app's underlying code online for free.