Archive for the ‘Artificial Intelligence’ Category

China should step up regulation of artificial intelligence in finance, think tank says – msnNOW

Jason Lee/REUTERS A Chinese flag flutters in front of the Great Hall of the People in Beijing, China, May 27, 2019. REUTERS/Jason Lee

QINGDAO, China/BEIJING (Reuters) - China should introduce a regulatory framework for artificial intelligence in the finance industry, and enhance technology used by regulators to strengthen industry-wide supervision, policy advisers at a leading think tank said on Sunday.

"We should not deify artificial intelligence as it could go wrong just like any other technology," said the former chief of China's securities regulator, Xiao Gang, who is now a senior researcher at the China Finance 40 Forum.

"The point is how we make sure it is safe for use and include it with proper supervision," Xiao told a forum in Qingdao on China's east coast.

Technology to regulate intelligent finance - referring to banking, securities and other financial products that employ technology such as facial recognition and big-data analysis to improve sales and investment returns - has largely lagged development, showed a report from the China Finance 40 Forum.

Evaluation of emerging technologies and industry-wide contingency plans should be fully considered, while authorities should draft laws and regulations on privacy protection and data security, the report showed.

Lessons should be learned from the boom and bust of the online peer-to-peer (P2P) lending sector where regulations were not introduced quickly enough, said economics professor Huang Yiping at the National School of Development of Peking University.

China's P2P industry was once widely seen as an important source of credit, but has lately been undermined by pyramid-scheme scandals and absent bosses, sparking public anger as well as a broader government crackdown.

"Changes have to be made among policy makers," said Zhang Chenghui, chief of the finance research bureau at the Development Research Institute of the State Council.

"We suggest regulation on intelligent finance to be written in to the 14th five-year plan of the country's development, and each financial regulator - including the central bank, banking and insurance regulators and the securities watchdog - should appoint its own chief technology officer to enhance supervision of the sector."

Zhang also suggested the government brings together the data platforms of each financial regulatory body to better monitor potential risk and act quickly as problems arise.

(Reporting by Cheng Leng in Qingdao, China, and Ryan Woo in Beijing; Editing by Christopher Cushing)

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China should step up regulation of artificial intelligence in finance, think tank says - msnNOW

In 2020, lets stop AI ethics-washing and actually do something – MIT Technology Review

Last year, just as I was beginning to cover artificial intelligence, the AI world was getting a major wake-up call. There were some incredible advancements in AI research in 2018from reinforcement learning to generative adversarial networks (GANs) to better natural-language understanding. But the year also saw several high-profile illustrations of the harm these systems can cause when they are deployed too hastily.

A Tesla crashed on Autopilot, killing the driver, and a self-driving Uber crashed, killing a pedestrian. Commercial face recognition systems performed terribly in audits on dark-skinned people, but tech giants continued to peddle them anyway, to customers including law enforcement. At the beginning of this year, reflecting on these events, I wrote a resolution for the AI community: Stop treating AI like magic, and take responsibility for creating, applying, and regulating it ethically.

In some ways, my wish did come true. In 2019, there was more talk of AI ethics than ever before. Dozens of organizations produced AI ethics guidelines; companies rushed to establish responsible AI teams and parade them in front of the media. Its hard to attend an AI-related conference anymore without part of the programming being dedicated to an ethics-related message: How do we protect peoples privacy when AI needs so much data? How do we empower marginalized communities instead of exploiting them? How do we continue to trust media in the face of algorithmically created and distributed disinformation?

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But talk is just thatits not enough. For all the lip service paid to these issues, many organizations AI ethics guidelines remain vague and hard to implement. Few companies can show tangible changes to the way AI products and services get evaluated and approved. Were falling into a trap of ethics-washing, where genuine action gets replaced by superficial promises. In the most acute example, Google formed a nominal AI ethics board with no actual veto power over questionable projects, and with a couple of members whose inclusion provoked controversy. A backlash immediately led to its dissolution.

Meanwhile, the need for greater ethical responsibility has only grown more urgent. The same advancements made in GANs in 2018 have led to the proliferation of hyper-realistic deepfakes, which are now being used to target women and erode peoples belief in documentation and evidence. New findings have shed light on the massive climate impact of deep learning, but organizations have continued to train ever larger and more energy-guzzling models. Scholars and journalists have also revealed just how many humans are behind the algorithmic curtain. The AI industry is creating an entirely new class of hidden laborerscontent moderators, data labelers, transcriberswho toil away in often brutal conditions.

But not all is dark and gloomy: 2019 was the year of the greatest grassroots pushback against harmful AI from community groups, policymakers, and tech employees themselves. Several citiesincluding San Francisco and Oakland, California, and Somerville, Massachusettsbanned public use of face recognition, and proposed federal legislation could soon ban it from US public housing as well. Employees of tech giants like Microsoft, Google, and Salesforce also grew increasingly vocal against their companies use of AI for tracking migrants and for drone surveillance.

Within the AI community, researchers also doubled down on mitigating AI bias and reexamined the incentives that lead to the fields runaway energy consumption. Companies invested more resources in protecting user privacy and combating deepfakes and disinformation. Experts and policymakers worked in tandem to propose thoughtful new legislationmeant to rein in unintended consequences without dampening innovation. At the largest annual gathering in the field this year, I was both touched and surprised by how many of the keynotes, workshops, and posters focused on real-world problemsboth those created by AI and those it could help solve.

So here is my hope for 2020: that industry and academia sustain this momentum and make concrete bottom-up and top-down changes that realign AI development. While we still have time, we shouldnt lose sight of the dream animating the field. Decades ago, humans began the quest to build intelligent machines so they could one day help us solve some of our toughest challenges.

AI, in other words, is meant to help humanity prosper. Lets not forget.

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In 2020, lets stop AI ethics-washing and actually do something - MIT Technology Review

AI-based health app: Putting patients first – ETHealthworld.com

Doxtros AI mission is to deliver personalised healthcare better, faster and economically for every individual. It has been designed around a doctors brain to understand and recognize the unique way that humans express their symptoms.

How has Doxtro brought a change in Artificial Intelligence (AI) in the field of medicine?Our AI feature asks questions to the user so that the doctors can understand the health concerns of patients better. The feature provides valuable insights to the doctor through inputs gathered from patients before they go for a consultation. The primary insights provided are based on how patients express symptoms, patients medical history and current symptoms and machine learning into the demography based health issues and not to prescribe medicines or medical advice.

How will this app help a patient who is unable to read or write?The apps user flow is designed in such a way that the patients can get connected to a doctor through a voice call with basic chatting ability by just typing their health concern simply in the free text box. The users can continue to chat or choose to connect through a voice call. Languages supported at the moment are Hindi and English. With the basic knowledge of these two languages, we made sure that the user can use the app through voice mode and consult a doctor.

Is there a feedback system in your app?Yes, we give the highest priority to users feedback and doctors as well. Users can rate and write reviews about the doctor in the app itself once the consultation is completed. We also follow a proactive process on the feedback system. Our customer engagement executives are assigned to collate regular user feedback, document the same and action it respective functional teams internally. This is being done, because, in general, not all users will come forward to write a review, whether it is a good or bad experience. We consider this feedback seriously to improve our quality of care.

How frequently can a patient contact the doctor through your app?There are no restrictions in terms of access to the doctor in the app. The users can also add their family members, facilitate consultations with doctors and store their respective health records in the app. Currently, we offer 12 specialisations, general physician, dermatologists, cardiologists, gynaecologists, paediatricians, sexologists, diabetologists, psychologists, psychiatrists, nutritionists, dentists and gastroenterologists.

The users may have various health issues and may have varying need to connect with different specialists at different times. Based on their need, they can contact any available specialists, n number of times. Post the consultation, the window is open for 48 hours for free follow up questions with the same doctor for the users to clarify any doubts.

How is Doxtro different from other healthcare apps that use AI?What distinguishes our technology is the fact that it has been designed around a doctors brain to understand and recognize the unique way that humans express their symptoms. Doxtro AI works with two major roles in the system. Data aspect of the AI which drives the ability to do self-diagnosis and Machine Learning (ML) aspect to assist with triage. Doxtro puts patients at the centre of care, AI-assisted conversations help the patient describe symptoms, understands it and offer information to ensure the patient understands their condition and connects the right specialist.

Doxtro AI asks smart questions about patients symptoms while also considering their age, gender, and medical history. The AI in our app is used to help users understand their health issues and to choose the right doctor. All this is accomplished by ML and natural language processing technologies that we use.

How do doctors benefit from this app?Our AI engine provides great insights to the physicians to understand the patients health issues better, thus saving their valuable time and ensuring doctors focus on doctoring. Doxtro AI puts together a patients response history to ensure that the doctor has context, along with this, augmented diagnostics help to translate symptoms into potential conditions based on patients conversation with the AI and saves the time of doctors for a better diagnosis of the patients health condition.

This supports the doctors to reach out to larger people in need especially considering the shortage of qualified doctors in India. Our app enhances their practice especially with smart tools like AI, excellent workflow and ease of use.

How long has the app been there for and what exactly is your user base?Doxtro app has been in the market for more than 18 months and we have a registered user base of more than 2 Lacs as of now.

What kind of patterns have you noticed in patients?We see a lot of people adapting to the online consultation, especially the ones who need the right qualified and verified doctors. Lot more people resort to proactive wellness than illness. Doxtro's main focus is in wellness and having the right qualified and verified doctors on board. So we see increasing trends of people using Doxtro mobile app.

As per the Security and Data Privacy policy, we do not have any access to any patients' data. All the voice or chat interactions are fully encrypted and the entire application is hosted in the cloud. Hence, we won't be able to arrive at any patterns.

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AI-based health app: Putting patients first - ETHealthworld.com

16 Artificial Intelligence Pros and Cons Vittana.org

Artificial intelligence, or AI, is a computer system which learns from the experiences it encounters. It can adjust on its own to new inputs, allowing it to perform tasks in a way that is similar to what a human would do. How we have defined AI over the years has changed, as have the tasks weve had these machines complete.

As a term, artificial intelligence was defined in 1956. With increasing levels of data being processed, improved storage capabilities, and the development of advanced algorithms, AI can now mimic human reasoning. AI personal assistants, like Siri or Alexa, have been around for military purposes since 2003.

With these artificial intelligence pros and cons, it is important to think of this technology as a decision support system. It is not the type of AI from science-fiction stories which attempts to rule the world by dominating the human race.

1. Artificial intelligence completes routine tasks with ease.Many of the tasks that we complete every day are repetitive. That repetition helps us to get into a routine and positive work flow. It also takes up a lot of our time. With AI, the repetitive tasks can be automated, finely tuning the equipment to work for extended time periods to complete the work. That allows human workers to focus on the more creative elements of their job responsibilities.

2. Artificial intelligence can work indefinitely.Human workers are typically good for 8-10 hours of production every day. Artificial intelligence can continue operating for an indefinite time period. As long as there is a power resource available to it, and the equipment is properly cared for, AI machines do not experience the same dips in productivity that human workers experience when they get tired at the end of the day.

3. Artificial intelligence makes fewer errors.AI is important within certain fields and industries where accuracy or precision is the top priority. When there are no margins for error, these machines are able to breakdown complicated math constructs into practical actions faster, and with more accuracy, when compared to human workers.

4. Artificial intelligence helps us to explore.There are many places in our universe where it would be unsafe, if not impossible, for humans to see. AI makes it possible for us to learn more about these places, which furthers our species knowledge database. We can explore the deepest parts of the ocean because of AI. We can journey to inhospitable planets because of AI. We can even find new resources to consume because of this technology.

5. Artificial intelligence can be used by anyone.There are multiple ways that the average person can embrace the benefits of AI every day. With smart homes powered by AI, thermostat and energy regulation helps to cut the monthly utility bill. Augmented reality allows consumers to picture items in their own home without purchasing them first. When it is correctly applied, our perception of reality is enhanced, which creates a positive personal experience.

6. Artificial intelligence makes us become more productive.AI creates a new standard for productivity. It will also make each one of us more productive as well. If you are texting someone or using word processing software to write a report and a misspelled word is automatically corrected, then youve just experienced a time benefit because of AI. An artificial intelligence can sift through petabytes of information, which is something the human brain is just not designed to do.

7. Artificial intelligence could make us healthier.Every industry benefits from the presence and use of AI. We can use AI to establish healthier eating habits or to get more exercise. It can be used to diagnose certain diseases or recommends a treatment plan for something already diagnosed. In the future, AI might even assist physicians who are conducting a surgical procedure.

8. Artificial intelligence extends the human experience.With an AI helping each of us, we have the power to do more, be more, and explore more than ever before. In some ways, this evolutionary process could be our destiny. Some believe that computers and humanity are not separate, but instead a single, cognitive unit that already works together for the betterment of all. Through AI, people who are blind can now see. Those who are deaf can now hear. We become better because we have a greater capacity to do thins.

1. Artificial intelligence comes with a steep price tag.A new artificial intelligence is costly to build. Although the price is coming down, individual developments can still be as high as $300,000 for a basic AI. For small businesses operating on tight margins or low initial capital, it may be difficult to find the cash necessary to take advantage of the benefits which AI can bring. For larger companies, the cost of AI may be much higher, depending upon the scope of the project.

2. Artificial intelligence will reduce employment opportunities.There will be jobs gained because of AI. There will also be jobs lost because of it. Any job which features repetitive tasks as part of its duties is at-risk of being replaced by an artificial intelligence in the future. In 2017, Gartner predicted that 500,000 net jobs would be created because of AI. On the other end of the spectrum, up to 900,000 jobs could be lost because of it. Those figures are for jobs only within the United States.

3. Artificial intelligence will be tasked with its own decisions.One of the greatest threats we face with AI is its decision-making mechanism. An AI is only as intelligent and insightful as the individuals responsible for its initial programming. That means there could be a certain bias found within is mechanisms when it is time to make an important decision. In 2014, an active shooter situation caused people to call Uber to escape the area. Instead of recognizing the dangerous situation, the algorithm Uber used saw a spike in demand, so it decided to increase prices.

4. Artificial intelligence lacks creativity.We can program robots to perform creative tasks. Where we stall out in the evolution of AI is creating an intelligence which can be originally creative on its own. Our current AI matches the creativity of its creator. Because there is a lack of creativity, there tends to be a lack of empathy as well. That means the decision of an AI is based on what the best possible analytical solution happens to be, which may not always be the correct decision to make.

5. Artificial intelligence can lack improvement.An artificial intelligence may be able to change how it reacts in certain situations, much like a child stops touching a hot stove after being burned by it. What it does not do is alter its perceptions, responses, or reactions when there is a changing environment. There is an inability to distinguish specific bits of information observed beyond the data generated by that direct observation.

6. Artificial intelligence can be inaccurate.Machine translations have become an important tool in our quest to communicate with one another universally. The only problem with these translations is that they must be reviewed by humans because the words, not the intent of the words, is what machines translate. Without a review by a trained human translator, the information received from a machine translation may be inaccurate or insensitive, creating more problems instead of fewer with our overall communication.

7. Artificial intelligence changes the power structure of societies.Because AI offers the potential to change industries and the way we live in numerous ways, societies experience a power shift when it becomes the dominant force. Those who can create or control this technology are the ones who will be able to steer society toward their personal vision of how people should be. It also removes the humanity out of certain decisions, like the idea of having autonomous AI responsible for warfare without humans actually initiating the act of violence.

8. Artificial intelligence treats humanity as a commodity.When we look at the possible outcomes of AI on todays world, the debate is often about how many people benefit compared to how many people will not. The danger here is that people are treated as a commodity. Businesses are already doing this, looking at the commodity of automation through AI as a better investment than the commodity of human workers. If we begin to perceive ourselves as a commodity only, then AI will too, and the outcome of that decision could be unpredictable.

These artificial intelligence pros and cons show us that our world can benefit from its presence in a variety of ways. There are also many potential dangers which come with this technology. Jobs may be created, but jobs will be lost. Lives could be saved, but lives could also be lost. That is why the technologies behind AI must be made available to everyone. If only a few hold the power of AI, then the world could become a very different place in a short period of time.

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16 Artificial Intelligence Pros and Cons Vittana.org

Top 45 Artificial Intelligence ETFs – ETFdb.com

This is a list of all Artificial Intelligence ETFs traded in the USA which are currently tagged by ETF Database. Please note that the list may not contain newly issued ETFs. If youre looking for a more simplified way to browse and compare ETFs, you may want to visit our ETFdb Categories, which categorize every ETF in a single best fit category.

This page includes historical return information for all Artificial Intelligence ETFs listed on U.S. exchanges that are currently tracked by ETF Database.

The table below includes fund flow data for all U.S. listed Artificial Intelligence ETFs. Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a particular time period.

Fund Flows in millions of U.S. Dollars.

The following table includes expense data and other descriptive information for all Artificial Intelligence ETFs listed on U.S. exchanges that are currently tracked by ETF Database. In addition to expense ratio and issuer information, this table displays platforms that offer commission-free trading for certain ETFs.

Clicking on any of the links in the table below will provide additional descriptive and quantitative information on Artificial Intelligence ETFs.

The following table includes ESG Scores and other descriptive information for all Artificial Intelligence ETFs listed on U.S. exchanges that are currently tracked by ETF Database. Easily browse and evaluate ETFs by visiting our Responsible Investing themes section and find ETFs that map to various environmental, social and governance themes.

This page includes historical dividend information for all Artificial Intelligence listed on U.S. exchanges that are currently tracked by ETF Database. Note that certain ETFs may not make dividend payments, and as such some of the information below may not be meaningful.

The table below includes basic holdings data for all U.S. listed Artificial Intelligence ETFs that are currently tagged by ETF Database. The table below includes the number of holdings for each ETF and the percentage of assets that the top ten assets make up, if applicable. For more detailed holdings information for any ETF, click on the link in the right column.

The following table includes certain tax information for all Artificial Intelligence ETFs listed on U.S. exchanges that are currently tracked by ETF Database, including applicable short-term and long-term capital gains rates and the tax form on which gains or losses in each ETF will be reported.

This page contains certain technical information for all Artificial Intelligence ETFs that are listed on U.S. exchanges and tracked by ETF Database. Note that the table below only includes limited technical indicators; click on the View link in the far right column for each ETF to see an expanded display of the products technicals.

This page provides links to various analyses for all Artificial Intelligence ETFs that are listed on U.S. exchanges and tracked by ETF Database. The links in the table below will guide you to various analytical resources for the relevant ETF, including an X-ray of holdings, official fund fact sheet, or objective analyst report.

This page provides ETFdb Ratings for all Artificial Intelligence ETFs that are listed on U.S. exchanges and tracked by ETF Database. The ETFdb Ratings are transparent, quant-based evaluations of ETFs relative to other products in the same ETFdb.com Category. As such, it should be noted that this page may include ETFs from multiple ETFdb.com Categories.

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Top 45 Artificial Intelligence ETFs - ETFdb.com