2024-06-03 One-Minute Post
AI is transforming developing nations, but concerns about privacy arise. Mozilla is building open, private AI to address data privacy. Meanwhile, consumer trust is at risk due to privacy breaches. On the other hand, AI is facing challenges with bias, as biased data sets can reinforce social biases. JPMorgan is expanding AI tools to help portfolio managers correct for bias in investment decisions. AI’s impact on privacy and fairness is a growing concern in various sectors.
Articles we found interesting:
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1. Tipping the scales: AI's dual impact on developing nations - World Bank Blogs link Highlight: Artificial Intelligence (AI) is transforming … Local AI ecosystems: Developing homegrown ICT industry and AI … I have read the Privacy Notice and …
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2. Building open, private AI with the Mozilla Builders Accelerator link Highlight: … privacy, user empowerment, and open source innovation. This method offers several benefits including: Privacy: Data stays on the local device …
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3. Loyalty Drives Revenue: How To Restore Consumer Trust In The Age Of AI - Forbes link Highlight: Each incident risks people's personal privacy, financial security and trust in digital services. Meanwhile, fraudsters are running rampant, constantly …
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4. The AI Revolution: Transforming the Present and Shaping the Future - myRepublica link Highlight: Another big problem is bias in AI. If AI systems train on biased data sets, they may unintentionally reinforce and magnify preexisting social biases.
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5. How AI Works: Understanding the Concepts and Capabilities of Artificial Intelligence link Highlight: Another issue is bias, which can be present in training data. AI models require large amounts of data to analyze patterns, and if the data …
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6. JPMorgan to expand AI tool to help portfolio managers 'correct for bias' - Fortune link Highlight: Artificial intelligence is increasingly playing a role in helping with investment decisions at top asset managers, and that includes the biggest …
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