Lifeboat Foundation

At the same time, the data that feeds AI decisions needs to be carefully vetted and reviewed. For example, “a robotic process automation solution that automates a loan process so the bank can deliver the loan faster to a client would be great,” according to Aditya Bhasin, head of consumer and wealth management technology at Bank of America, also quoted in American Banker. “But using AI or robotic process automation as a shortcut to data integration might not make sense. For example, when BofA launched a digital mortgage, ‘we could have done a whole bunch of robotics to go and pull data from different places and prepopulate the mortgage application, [but] it probably would have been fraught with error,” he said.

Too many organizations are rushing into AI without considering the full implications of the people element, according to Bessant. “It is time that we re-balance the discussion from being driven by the creators and the sellers of artificial intelligence to being balanced with the user perspective,” she says. “The discussion has been dominated by the sellers. Flip on any one of the morning financial shows and what you see is advertisement after advertisement for large and small-scale technology firms that are pushing the notion of data and modeling and that AI will help. Generally, society seems sold that artificial intelligence is better than we are as humans. However, because we build it, it is a subset of who we are and our thinking and bias.”

There’s a lot of buzz, and a lot of money now pouring into AIt’s important that some of that attention and money goes into education and building awareness of the processes behind the processes.

Continue reading “Time to break open AI’s black box, and keep it open” »

The Vision Fund model is disruptive, then. But is it good for innovation and consumers? Mr Son’s project certainly has its attractions. It is shaking up the cosy world of Silicon Valley venture capital. And it may nurture competition against the tech giants. The fund offers founders of startups an alternative to cashing out to the likes of Google, Facebook and Amazon; its massive chequebook also gives those entrepreneurs a better shot at competing with the titans. The fund may perform a similar function in China, where nearly half of all unicorns are by now backed by one of the country’s four tech giants, Baidu, Alibaba, Tencent or

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Japan’s labor force do not mind robots in factories because they’re seen as a source of help, Japanese Deputy Prime Minister and Minister of Finance Taro Aso said in a panel discussion at the Asian Development Bank’s annual gathering in Manila.

Unlike many of their Western counterparts, Japanese workers aren’t afraid of robots stealing their jobs, a top-ranking official from the country said Friday.

What happens if you launch satellites into space without government permission, but with government funding?

We may find out soon, according to the Federal Communications Commission, which regulates satellite operations by US citizens and companies. It has completed an inquiry into the January launch of four small satellites built by a start-up called Swarm Technologies, and has referred the case to its enforcement bureau, according to a spokesperson.

The FCC, which does not comment on potential enforcement actions, can propose financial penalties and ban companies and individuals from operating satellites. Swarm’s CEO, Sara Spangelo, did not respond to a request for comment.

Continue reading “Swarm may have to answer for launching satellites without US permission” »

Critical infrastructure, entertainment, finance, healthcare, telecoms, among recent targets of the Lazarus Group, aka Hidden Cobra.

On the eve of a historic summit with its rival neighbor South Korea and possible subsequent talks with the US President Donald Trump in the coming weeks, North Korea continues full-steam ahead in its mission to gather intelligence and generate income for the regime via its notorious nation-state hacking machine.

North Korea’s pervasive Lazarus Group, aka Hidden Cobra, was recently discovered ramping up a global cyber espionage campaign dubbed Operation GhostSecret, stealing information from organizations in the critical infrastructure, entertainment, finance, healthcare, and telecommunications sectors. Researchers from McAfee unearthed the wave of attacks, which they say first started with targeted hacks of banks in Turkey last month.

Continue reading “North Korea Ramps Up ‘Operation GhostSecret’ Cyber Espionage Campaign” »

Will they teach humanities?

Some experts have suggested that autonomous systems will replace us in jobs for which humans are unsuited anyway — those that are dull, dirty, and dangerous. That’s already happening. Robots clean nuclear disaster sites and work construction jobs. Desk jobs aren’t immune to the robot takeover, however — machines are replacing finance experts, outperforming doctors, and competing with advertising masterminds.

The unique demands placed on primary and secondary school teachers make this position different from many other jobs at risk of automation. Students all learn differently, and a good teacher must attempt to deliver lessons in a way that resonates with every child in the classroom. Some students may have behavioral or psychological problems that inhibit or complicate that process. Others may have parents who are too involved, or not involved enough, in their education. Effective teachers must be able to navigate these many hurdles while satisfying often-changing curriculum requirements.

Continue reading “Why robots could replace teachers as soon as 2027” »

The Bill and Melinda Gates Foundation have the Level One project to use Digital financial services (including blockchain for identification) for financial services for the world’s poor.

Digital financial services (DFS) are among the quickest and most effective ways of turning millions of unbanked citizens into formal financial customers. For the first time in history, digital and mobile technology make full financial inclusion not only possible but profitable.

At the heart of the Level One Project Guide is a national system, enabled by shared, open, standards-based components. The system is designed to accommodate variability in local rules, structures, and the existing regulatory framework. The system either provides or contracts for core shared operating components including the interoperability service for transfers (IST) and the fraud and risk management service (FRMS). Structured as a cost-recovery or not-for-profit model, the by-laws and operating rules for IST and FRMS commit to providing low-cost payments capabilities that can support the needs of the poor.

Continue reading “Digital Financial Services for the world’s poor can be accelerated with Blockchain” »

Before I started working on real-world robots, I wrote about their fictional and historical ancestors. This isn’t so far removed from what I do now. In factories, labs, and of course science fiction, imaginary robots keep fueling our imagination about artificial humans and autonomous machines.

Real-world robots remain surprisingly dysfunctional, although they are steadily infiltrating urban areas across the globe. This fourth industrial revolution driven by robots is shaping urban spaces and urban life in response to opportunities and challenges in economic, social, political, and healthcare domains. Our cities are becoming too big for humans to manage.

Continue reading “Robot Cities: Three Urban Prototypes for Future Living” »