Europe’s AI laws will cost companies a small fortune – but the payoff is trust
...As well as banning some uses outright (facial recognition for identification in public spaces and social “scoring,” for instance), its focus is on regulation and review, especially for AI systems deemed “high risk” — those used in education or employment decisions, say.
Any company with a software product deemed high risk will require a Conformité Européenne (CE) badge to enter the market. The product must be designed to be overseen by humans, avoid automation bias, and be accurate to a level proportionate to its use.
Some are concerned about the knock-on effects of this. They argue that it could stifle European innovation as talent is lured to regions where restrictions aren’t as strict — such as the US. ...
Mistakes at the very start of this new era could damage public perception irrevocably. ...
That’s why the legislation’s focus on reducing bias in AI, and setting a gold standard for building public trust, is vital for the industry. ...
In 2019, Harvard Business Review found that patients were wary of medical AI even when it was shown to out-perform doctors, simply because we believe our health issues to be unique. We can’t begin to shift that perception without trust. ...
See the full story here: https://venturebeat.com/2021/11/21/europes-ai-laws-will-cost-companies-a-small-fortune-but-the-payoff-is-trust/
The three traits of Web 3.0 that fix what went wrong with today’s internet
Open code
Transparent economics
Aligned incentives
With Web 3.0, governance is often decentralized via a decentralized autonomous organization, or DAO, or other ingrained community feedback mechanisms. By decentralizing community management away from centralized authorities, there’s a tendency toward self-moderation. Communities built around shared passions enjoy natural moderation and when community members step out of line, the community takes action. And if a community member dislikes something, they can submit proposals for community vote to change the platform’s direction. ...
What’s next for Web 3.0
Web 3.0 builders must recapture this narrative and move beyond “winner takes all” to “community above all.” It won’t be easy. And there’s still a way to go until Web 3.0 generates more creator wealth than the internet ever did.
...
After watching Web 2.0’s recent stumbles, it’s clear that we’ll continue to be gifted with impactful examples of just how far we’ve gotten off track — and what we need to do to restore the original vision of the internet as an open place that’s additive and creative for society.
We’re in this for the long haul. It’s on us to evangelize, listen to users and build with a community mindset first and foremost.
See the full story here: https://cointelegraph.com/news/the-three-traits-of-web-3-0-that-fix-what-went-wrong-with-today-s-internet
China’s first sci-fi opera explores threat of AI
What happens when a romantic artist is uploaded to cyberspace and meets his first love? What happens when centuries-old opera meets futuristic artificial intelligence?
Such abstract questions are explored in China's first sci-fi opera directed by Yang Jingze. The opera, entitled "AI's Variation," recently premiered at Shanghai Symphony Orchestra Hall with a chamber orchestra conducted by Zhang Jiemin, one of China's top female conductors.
... "AI's Variation" describes a dying artist, both physically and creatively. His secret admirer, a scientist, "saves" him by turning him into AI. His first love rushes to meet him. The three characters recount the same meeting from their own perspectives on days two, four and six, while day one, three and five consist of pure melody; no lyrics. ...
See the full story here: https://www.shine.cn/feature/entertainment/2111198433/
NYC aims to be first to rein in AI hiring tools
A bill passed by the city council in early November would ban employers from using automated hiring tools unless a yearly bias audit can show they won’t discriminate based on an applicant’s race or gender. It would also force makers of those AI tools to disclose more about their opaque workings and give candidates the option of choosing an alternative process — such as a human — to review their application.
Proponents liken it to another pioneering New York City rule that became a national standard-bearer earlier this century — one that required chain restaurants to slap a calorie count on their menu items.
... “The approach of auditing for bias is a good one. The problem is New York City took a very weak and vague standard for what that looks like,” said Alexandra Givens, president of the Center for Democracy & Technology. She said the audits could end up giving AI vendors a “fig leaf” for building risky products with the city’s imprimatur. ...
See the full story here: https://apnews.com/article/technology-business-race-and-ethnicity-racial-injustice-artificial-intelligence-2fe8d3ef7008d299d9d810f0c0f7905d
Gangs, Prison, Stanford University, Holllywood, Startups, Millionaires
By building a blockchain ecosystem, Stooty helps users trade, build, and manage their creative resources. Stooty Technologies, Inc is currently valued at $100 million with advisors from Microsoft, Capital One, and marketing expert Darryl Cobbin. This year Stooty was invited by tech entrepreneur Andy Jacques, CEO of The Factory to join his Venture Studio.
Anderson and Richardson have been accepted into Stanford University’s Transforming Learning Accelerator by StartX to launch their second tech startup PipeDreamers, a Web 3.0 platform using gamification to connect at-risk youth to educational opportunities.
They are also involved in many social justice initiatives helping former incarcerated teens and men. Summer of 2021, Anderson signed a film production deal with global entertainment agency WME’s scriptwriter, Rachel Michiko, to produce a biographical film on his life story. The film production’s soundtrack will be produced by Anderson & Richardson.
Anderson is currently a Master’s student in Stanford University’s Graduate School of Education, with a focus on education technology
Henry Kissinger and Eric Schmidt take on AI
The Age of AI. By Henry Kissinger, Eric Schmidt and Daniel Huttenlocher. Little, Brown and Company; 272 pages; $30. John Murray; £20
Behind the success was a deeper truth: the algorithm was able to spot aspects of reality that humans had not contemplated, might not be able to detect and may never comprehend. The implications of this general development for science, business and warfare—and indeed, for what it means to be human—are the subject of these ruminations by Henry Kissinger, America’s pre-eminent living statesman, Eric Schmidt, the former boss of Google, and Daniel Huttenlocher, an expert on artificial intelligence (ai) at mit.
In their telling, the most important way that ai will change society is by redefining the basis of knowledge. “Whether we consider it a tool, a partner, or a rival, [ai] will alter our experience as reasoning beings and permanently change our relationship with reality,” the authors write.
...A winning manoeuvre may be horrific yet inscrutable, ...
If an ai co-pilot or surgical robot experiences an emergency, who should seize the controls, the human operator or the algorithm? The book calls for a “partnership” between people and machines, but is silent on how to achieve it. ...
See the full story here: https://www.economist.com/books-and-arts/2021/11/20/henry-kissinger-and-eric-schmidt-take-on-ai
Gemini Raises $400 Million To Build A Metaverse Outside Facebook’s Walled Garden
“There's these two parallel paths, in terms of technology right now,” says Cameron Winklevoss, 40, speaking from his home in California. “There's a centralized path, like Facebook or Fortnite, that is one step away from being a metaverse, and that’s totally fine. But there is another path, which is the decentralized metaverse and that's the metaverse where we believe there's greater choice, independence and opportunity, and there is technology that protects the rights and dignity of individuals.”
...Instead of the ad-driven model that has proved so lucrative to social media companies (and fertile for misinformation and political influence) most metaverses will require tiny amounts of cryptocurrency, similar to “gas” used to run other decentralized applications. While revenue models will certainly proliferate, the more demand there is for these tokens, the higher the price, increasing the value of the very same currency the users now own and letting the wealth accumulate to users instead of shareholders.
...The difference between these and other efforts being led by truly open-source startups is that while Big Tech is trying to avoid obsolescence, the Winklevii are investing in startups that assume those companies are already redundant, according to Gemini’s newest board member, Sachin Jaitly.
