Saturday, June 08, 2019


Can you explain your Algorithm?
ICO’s Interim Report on Explaining AI
On June 3, 2019, the UK Information Commissioner’s Office (“ICO”), released an Interim Report on a collaboration project with The Alan Turing Institute (“Institute”) called “Project ExplAIn.” The purpose of this project, according to the ICO, is to develop “practical guidance” for organizations on complying with UK data protection law when using artificial intelligence (“AI”) decision-making systems; in particular, to explain the impact AI decisions may have on individuals. This Interim Report may be of particular relevance to organizations considering how to meet transparency obligations when deploying AI systems that make automated decisions that fall within the scope of Article 22 of the GDPR.




If you’re big or successful, you are probably evil so we gotta find a way to chop you down.
Weighing the Antitrust Case Against Google, Apple, Amazon, and Facebook
    Last Monday, Apple, Alphabet, Amazon.com, and Facebook lost more than $130 billion in aggregate market value after the federal government launched what seemed to be a coordinated campaign to examine the companies’ competitive practices. The tech-heavy Nasdaq Composite fell 1.6% on the news.
According to multiple media outlets, the Federal Trade Commission was given oversight over Amazon.com and Facebook, while
… Investors deserve more clarity. Let’s start with one key point: The likelihood of breakups is slim. “The big challenge with these antitrust things is, it’s not obvious what the consumer harm is today,” says Scott Kupor, managing partner at venture-capital firm Andreessen Horowitz, which has invested in Facebook as well as Pinterest (PINS) and Slack Technologies. “If you think about the consumer utility of Facebook, Google, Amazon, and Apple, it’s not clear they are doing something that is curtailing competition. It’s not clear they are raising prices.”
Facebook’s and Google’s services are by and large free to consumers. And one could argue that Amazon’s e-commerce marketplace has played a key role in lowering retail prices for consumers.
“The idea that Facebook, Google, and Amazon have harmed consumers over the last decade is laughable,” Mark Mahaney of RBC Capital Markets, a longtime internet analyst, tells Barron’s. “I think these companies have created an enormous amount of convenience, savings, and benefits for consumers.”
Here’s our company-by-company breakdown on regulatory risk.




Has anyone told Facebook?
India’s draft bill proposes a 10-year jail sentence for using cryptocurrencies



No comments: