New and emerging technologies have always carried a host of potential risks to accompany their oft-blinding potential. Just as dependably, those risks have often been ignored, glossed over or just missed as public enthusiasm waxes and companies race to bring a product to market first and most effectively. Automobiles promised…
Today in News of Note, an innovation may pave the way for real-world quantum computing, plus we look at the latest generative AI debuts, how the world is addressing safety concerns with AI in the military, robotic chefs and much more. Scientists, in a pivotal step for quantum computing, unveil…
In today’s News of Note, we look at a potential boon for Sweden in the race for rare earth metals. We also ponder whether copyrights are solely for humans, or whether AI deserves equal protection for its artistic endeavors, plus the many unexpected applications (and pitfalls) surfacing as AI generators…
Even as artificial intelligence (AI) has become more commonplace and relied upon by businesses in different industries, it still faces criticism on whether it can be implemented in a safe and ethical manner and, related, how the bias often inherent in the underlying algorithms can be detected and reduced. Enter…
Artificial intelligence has long since evolved from a technology with exciting potential to a near ubiquitous and integral component in the day-to-day conduct of many businesses. Take the automotive and aerospace industries—each is undergoing massive changes and movements toward more competitive, efficient and innovative uses of technology and AI in…
As previously discussed, financial services regulators are increasingly focused on how businesses use artificial intelligence (AI) and machine learning (ML) in underwriting and pricing consumer finance products. Although algorithms provide opportunities for financial services companies to offer innovative products that expand access to credit, some regulators have expressed concern that…
In this week’s News of Note, ransomware continues to ravage institutions—including a 157-year-old college and the government of Costa Rica—AI learns to accurately predict a patient’s race based on their medical images, cryptocurrency crashes, and more. Threat intelligence research firm AdvIntel claims that the Conti ransomware organization has splintered into…
Regulators at the state and federal level are increasing their scrutiny of businesses’ use of artificial intelligence (AI). For example, recently, representatives from the Office of the Comptroller of the Currency and the New York State Department of Financial Services discussed the need for developing additional AI guidance. Banks, insurers…
It might be a little meta to have a blog post about a blog post, but there’s no way around it when the FTC publishes a post to its blog warning companies that use AI to “[h]old yourself accountable—or be ready for the FTC to do it for you.” When…
As part of our on-going coverage on the use and potential abuse of facial recognition AI, we bring you news out of Michigan, where the University of Michigan’s Law School, the American Civil Liberties Union (ACLU) and the ACLU of Michigan have filed a lawsuit against the Detroit Police Department…