Connect with us

AI

Disney Joins Global Facebook Boycott

Avatar

Published

on

You might have missed it in the news, but during recent weeks and months, there’s been a global protest movement happening with respect to Facebook and advertising revenue. A loosely-aligned alliance of some of the biggest and most respected brands and businesses on the planet has taken the decision to either temporarily or permanently stop spending money on Facebook’s advertising platforms in protest against what they feel is a lack of action against hate speech on the social media platform. After weeks of sitting on the fence, Disney has now joined the ranks of the protesters – and that could have significant implications for Facebook.

Disney joins Facebook advertising boycott

The boycott has been going on since early June and is thought to have cost Mark Zuckerberg’s company several million dollars thus far, but if the Facebook CEO was worried about it, he wasn’t in the mood to show that concern to investors or the media. As recently as the beginning of July, he dismissed the protest and stated his belief that the companies “would be back soon,” which he may live to regret. His perceived arrogance about the situation only appears to have increased the determination of the protesters to be heard, and as July draws to a close, he’s now looking at a bigger hole in his advertising revenue figures than he was when the month began. 

Businesses and companies from almost every major industry are involved in the protest, including Cola-Cola, Starbucks, Microsoft, Target, and Unilever. Without the combined funds that each of those companies spent with Facebook on a weekly basis, there was always likely to be a tangible difference to Facebook’s revenue picture, but Disney poses a unique problem to Zuckerberg’s stance on the matter. As the world’s largest entertainment company, they’re not just another advertising client. Until they made the decision to cut their funding, they were the single biggest client Facebook dealt with. Disney deciding to join in with the boycott means that Zuckerberg has lost his biggest customer. In almost any other business, losing your biggest customer would be a trigger to stand down or resign. There’s no sign that Zuckerberg is likely to do that just yet, but he may finally have to re-examine his reluctance to change the company’s policies on policing content posted by users.

There might be more than one reason that Disney has decided to sever advertising ties with Facebook temporarily. While the company has always been child-focused, in recent years, we’ve seen Disney take significant steps away from most forms of adult content. One such example is the range of Marvel online slots that used to be available at online slots websites such as Rose Slots, all of which have been pulled. Facebook has semi-recently become involved with the online slots industry itself, having developed an in-house slots page. Those in charge of Disney clearly don’t wish to be associated with online slots even if the figures tell them that they can make money from doing so, and so the combination of a perceived hate-speech problem coupled with a new online slots service might have been the final straw as far as Disney’s decision-makers are concerned. 

It’s understood that Disney’s withdrawal goes for Instagram as well as the main Facebook website, and will also result in the removal of adverts for Hulu as well as Disney Plus and other core Disney products. It’s thought that some Disney products and services will still be advertised, but at a far lower spending rate than Facebook has become accustomed to receiving from the company. That will negatively impact Facebook’s earnings projections for the remainder of the year, and that can only be deemed as bad news for the company’s shareholders. There has already been more than one half-hearted attempt to remove Zuckerberg from his position by irritated Facebook shareholders. Should the value of those shares now drop dramatically, it’s likely that calls for the founder’s head will resume. Zuckerberg has thus far managed to cling on to full control of his company throughout every negative publicity storm it’s endured in recent years. Only he and his shareholders know whether this will be a case of one time too many.

Statistics that have been made available by the Wall Street Journal show that Disney spent in excess of two hundred million dollars on advertising through Facebook during the first six months of 2020. The combined income that Facebook made from advertising during that period was several billion dollars, but there are now more than one thousand companies – large and small – involved in the boycott. No single one of them would be capable of causing harm to a company of Facebook’s means by stopping their spend, but the cumulative effect of so many – and especially so many large companies – has to be significant. No business in the world would easily be able to shake off the sudden loss of two hundred million dollars, and the unexpected announcement will likely send shockwaves through Facebook’s head office. While Facebook claims to be making progress on social issues and hate speech, an independent team of auditors appointed by the company completed a report on July 8th and returned a damning verdict. According to the auditors, Facebook has not only failed to take action on hate speech but has also taken decisions that have allowed incidents of hate speech to occur and to go unchecked. Facebook promised to take the feedback on board and make changes, but the findings of the report have only served to amplify the concerns that many companies already have about who is allowed to post on Facebook, and what they’re allowed to say and do with that platform. While Zuckerberg has repeatedly reaffirmed his commitment to ensuring that everybody has a right to freedom of speech on his platform, there comes the point where free speech becomes hate speech – and becomes a crime in the process. If the auditors are correct, Facebook is yet to come up with a consistent way of defining where that line is.

Source: https://1reddrop.com/2020/08/03/disney-joins-global-facebook-boycott/

AI

7 Awe Inspiring AI Techs That Transformed The Digital World

Avatar

Published

on

For many people worldwide, artificial intelligence is slowly making its way into their lives without fussing. From our cars, homes, mobile phones, and our workplace, Artificial Intelligence is everywhere.

Apart from our personal lives, Artificial Intelligence has also made its way into various industries such as automotive, e-commerce, healthcare, and entertainment.

To better understand artificial intelligence’s impact on the digital world, we first need to know what it is. To sum up,

“Artificial intelligence reduces human intervention with the help of algorithms and tools that provide recommendations, predictions, and decisions through real-time data.” 

Now that we know what artificial intelligence is, we can move forward and find out how it transforms the digital world. The use of artificial intelligence is every present and visible in our daily lives.

With the help of a machine and deep learning, artificial intelligence has found its way in computer vision systems, image processing, and voice recognition applications, transforming them in a way never seen before. If you want to know how Artificial Intelligence affects the digital world, this article will help you. Listed below are some of the applications of artificial intelligence in today’s digital world:

Computer Vision Systems

Computer vision analyzes data by using different images that show various objects of interest. It uses deep learning and image processing to recognize patterns and then provides predictions autonomously.

From simple everyday applications such as recognizing human faces to complicated ones such as detecting obstacles when driving autonomous vehicles, computer vision helps AI-enabled technologies and devices to perform their tasks more effectively.

An example of how AI affects computer vision systems is through its use in machine vision systems. A sub-field of computer vision systems, machine vision systems finds their use in automotive applications, such as detecting stop signs, detecting obstacles, etc. Machine vision technology reduces distractions and enables the driver to stay alert while driving.

Creating and Generating Online Content

Who wouldn’t want a machine that writes online content by itself? Although AI cannot write about their opinion for a political blog or its views about new emerging technologies, it certainly can create content for your website that can help attract an audience from every part of the world. It can also help you save money, resources, and a lot of time. You only need to feed it data that it can understand and learn, and it will take care of the rest.

Wordsmith and quill are examples of such programs, which companies such as Forbes and Associated Press use to create new and fresh content for them, leading to numerous visits on their websites. With the use of templates and keywords, these programs generate content readers feel that humans wrote it.

Curating Online Content

AI-based programs not only allow you to create content, but they also help you curate it. It enables visitors to interact with web pages in a better way, only showing them the content they want to see. It helps in providing visitors with more personalized user experience. For example, if you add a product to your shopping cart on Amazon, you will see suggestions relevant to your choice.

“Another example is Netflix. If you watch a movie or a drama serial on it, with the help of AI, Netflix provides you with relevant movie and drama suggestions that piques your interest.” 

From a marketing perspective, imagine showing visitors the content they wish to see. With the help of deep learning and machine learning, you will surely increase your daily clicks.

Email Marketing

Emphasizing user behavior and preferences, companies use AI-based marketing campaigns to make it easier to connect with potential clients. With the help of machine learning, companies can analyze trillions of megabytes of data to find out the time of day to engage with potential clients, what type of content to show them, the email titles and subjects that generate the most clicks, and its frequency.

Wouldn’t you want to know all these so you can save time, money, and effort? Some of the examples of such AI-based email marketing include Persado, Boomtrain, and Phrasee. It will transform how you perceive email marketing and allow you to generate tons of clicks, increasing your online presence.

Digital Advertising

Gone are the days of posting advertisements in the newspaper or the local radio channel. Artificial intelligence has made it easy for companies to find an audience that will be more prone to finding an interest in an advert. A sub-field of digital marketing, digital advertising sees the most benefits when adopting Artificial Intelligence.

“For example, Google Ads and Facebook Ads use Artificial Intelligence and machine learning to find people that will most likely have an interest in your Digital Adverts.” 

With the help of AI, both these platforms analyze user information such as demographics and interests to detect users that suit a company’s advertisements.

Website Design

If you think that a great website cannot exist without the help of a coder or a programmer, then we have news for you. Nowadays, various AI-aided website design programs exist that can easily design a website with the help of images, call to actions, and text provided by the user.

And all that without any need of a programmer or a website designer.It allows companies to save money and makes their website look like someone with a college degree designed it.

Artificial Intelligence Chatbots

Nowadays, brands usually communicate with their potential clients through Facebook messenger, WhatsApp, and other online communication platforms. As everybody already uses these platforms, it provides companies with a quick way to send the word out about their brand. Such a medium of communication leads to a requirement for faster responses. That is only possible through AI aided chatbots.

Chatbots are also available 24/7, which is not possible for a human being. For example, a big brand like Sephora uses chatbots to provide visitors with recommendations and make-up advice, depending on their interests, and without human intervention.

Final words
As you can see, artificial intelligence in the digital world provides numerous benefits, whether in marketing, advertising, or providing a great user experience to a customer. Also, to clarify, Artificial Intelligence is not here to replace human beings, but it helps them perform their task more effectively and efficiently.

However, for something like this to happen, they must give Artificial Intelligence a chance. Otherwise, they risk facing the inevitable.

Also Read Artificial Intelligence Myths and Facts

Source: https://www.aiiottalk.com/artificial-intelligence/ai-techs-that-transformed-digital-world/

Continue Reading

AI

AI and Machine Learning Technologies Are On the Rise Globally, with Governments Launching Initiatives to Support Adoption: Report

Avatar

Published

on

Kate MacDonald, New Zealand Government Fellow at the World Economic Forum, and Lofred Madzou, Project Lead, AI and Machine Learning at the World Economic Forum have published a report that explains how AI can benefit everyone.

According to MacDonald and Madzou, artificial intelligence can improve the daily lives of just about everyone, however, we still need to address issues such as accuracy of AI applications, the degree of human control, transparency, bias and various privacy issues. The use of AI also needs to be “carefully and ethically managed,” MacDonald and Madzou recommend.

As mentioned in a blog post by MacDonald and Madzou:

“One way to [ensure ethical practice in AI] is to set up a national ‘Centre for Excellence’ to champion the ethical use of AI and help roll out training and awareness raising. A number of countries already have centres of excellence – those which don’t, should.”

The blog further notes:

“AI can be used to enhance the accuracy and efficiency of decision-making and to improve lives through new apps and services. It can be used to solve some of the thorny policy problems of climate change, infrastructure and healthcare. It is no surprise that governments are therefore looking at ways to build AI expertise and understanding, both within the public sector but also within the wider community.”

As noted by MacDonald and Madzou, the UK has established many “Office for AI” centers, which aim to support the responsible adoption of AI technologies for the benefit of everyone. These UK based centers ensure that AI is safe through proper governance, strong ethical foundations and “understanding of key issues such as the future of work.”

The work environment is changing rapidly, especially since the COVID-19 outbreak. Many people are now working remotely and Fintech companies have managed to raise a lot of capital to launch special services for professionals who may reside in a different jurisdiction than their employer. This can make it challenging for HR departments to take care of taxes, compliance, and other routine work procedures. That’s why companies have developed remote working solutions to support companies during these challenging times.

Many firms might now require advanced cybersecurity solutions that also depend on various AI and machine learning algorithms.

The blog post notes:

“AI Singapore is bringing together all Singapore-based research institutions and the AI ecosystem start-ups and companies to ‘catalyze, synergize and boost’ Singapore’s capability to power its digital economy. Its objective is to use AI to address major challenges currently affecting society and industry.”

As covered recently, AI and machine learning (ML) algorithms are increasingly being used to identify fraudulent transactions.

As reported in August 2020, the Hong Kong Institute for Monetary and Financial Research (HKIMR), the research segment of the Hong Kong Academy of Finance (AoF), had published a report on AI and banking. Entitled “Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision,” the report seeks to provide insights on the long-term development strategy and direction of Hong Kong’s financial industry.

In Hong Kong, the use of AI in the banking industry is said to be expanding including “front-line businesses, risk management, and back-office operations.” The tech is poised to tackle tasks like credit assessments and fraud detection. As well, banks are using AI to better serve their customers.

Policymakers are also exploring the use of AI in improving compliance (Regtech) and supervisory operations (Suptech), something that is anticipated to be mutually beneficial to banks and regulators as it can lower the burden on the financial institution while streamlining the regulator process.

The blog by MacDonald and Madzou also mentions that India has established a Centre of Excellence in AI to enhance the delivery of AI government e-services. The blog noted that the Centre will serve as “a platform for innovation and act as a gateway to test and develop solutions and build capacity across government departments.”

The blog post added that Canada is notably the world’s first country to introduce a National AI Strategy, and to also establish various centers of excellence in AI research and innovation at local universities. The blog further states that “this investment in academics and researchers has built on Canada’s reputation as a leading AI research hub.”

MacDonald and Madzou also mentioned that Malta has launched the Malta Digital Innovation Authority, which serves as a regulatory body that handles governmental policies that focus on positioning Malta as a centre of excellence and innovation in digital technologies. The island country’s Innovation Authority is responsible for establishing and enforcing relevant standards while taking appropriate measures to ensure consumer protection.

Source: https://www.crowdfundinsider.com/2020/09/166928-ai-and-machine-learning-technologies-are-on-the-rise-globally-with-governments-launching-initiatives-to-support-adoption-report/

Continue Reading

AI

Is GPT-3 the “Adam” of Natural Language?

Avatar

Published

on

OpenAI has long asserted that immense computational horsepower in conjunction with reinforcement learning is a necessary step on the road to AGI, or AI that can learn any task a human can [14].

The fathers of AI 2.0, such as Yoshua Bengio and Yann LeCun, argue that AGI is not possible to create from current AI technology. They think we need self-supervised learning (actually GPT-2 and GPT-3 are self-supervised) and advanced neurobiology-based advancements [15].

However, the fathers of AI 1.0, the grandfather’s of AI, such as Marvin Minsky and Andrew McCarthy, argued that an abundance of knowledge (data) and a “society” of common-sense reasoning specialists was the road to AGI [16].

GPT-3 is the existence proof that scaling up the amount of text (data), scaling up the parameters (model size), and scaling up the training computes results in better accuracy (scary performance) on a specialist for few-shot NLP tasks.

Do the model’s architecture, size of the model, and the amount of training computes realize a common-sense reasoning specialist? Do data and common sense reasoning get us to AGI?

Speculation About a Possible Future of Artificial Intelligence

So like, the biggest mistake that I see artificial intelligence researchers making is assuming that they’re intelligent. Yeah they’re not, compared to AI. — Elon Musk [12].

Sixty to sixty-five years ago, one of the first computers filled a room. Sixty years later, a computer core, about the size of my head, has scaled up about 1 billion times (maybe more) the first computer.

Suppose the first viable quantum computer fills an entire room. Will it be 60 years before a quantum computer core, the size of my head, scaled up about 1 billion times the first quantum computer?

Maybe.

Imagine a quantum computer, with an AGI (Artificial General Intelligence) model of a scale of 1 billion times the parameters of GPT-3 or about 3 million times the parameters of the human brain.

“I’ve predicted that in 2029, we will pass the Turing test,” stated Ray Kurzweil [11].

Note: GPT-3 is real close to GPT-3 passing the Turing test [13].

GPT-3 is quite impressive in some areas, and still clearly subhuman in others. — Kevin Lackey, Just, 2020.

Do you think we will have a Hawking-Musk nightmare or a Havens-Kurzweil dream [11,12]?

We may have both, or we may have neither.

I put money on our tool-making. I doubt we will change, or should we change this behavior.

I feel that Elon Musk, with the NuralLink project, is making a bet on our tool-making about the future potential of AI [17].

Source: https://chatbotslife.com/is-gpt-3-the-adam-of-natural-language-cf59656456f2?source=rss—-a49517e4c30b—4

Continue Reading
Blockchain1 day ago

Ethereum: Is the HODLing in yet?

Nano Technology1 day ago

Physicists make electrical nanolasers even smaller

Nano Technology1 day ago

Nano-microscope gives first direct observation of the magnetic properties of 2D materials: Discovery means new class of materials and technologies

Nano Technology1 day ago

Who stole the light? Self-induced ultrafast demagnetization limits the amount of light diffracted from magnetic samples at soft x-ray energies

Blockchain1 day ago

Brace for it – Bitcoin Futures may be nearing a tipping point

Blockchain2 days ago

Tron, Synthetix, VeChain Price Analysis: 19 September

Blockchain2 days ago

Here’s why Bitcoin’s ‘distracting’ volatility actually helps

Blockchain2 days ago

Stellar Lumens, NEM, Maker Price Analysis: 19 September

AR/VR2 days ago

Someone Remade ‘Among Us’ in VR and It’s Strangely More Fun Than the Original

AR/VR2 days ago

Virtual Tours: The Key to a Successful School Marketing Plan

Crowdfunding2 days ago

Spanish Financial Giant BBVA’s US Division Recognized as one of the Best Corporate Digital Banks in North America

Gaming2 days ago

Evening Reading – September 18, 2020

AI2 days ago

7 Awe Inspiring AI Techs That Transformed The Digital World

Entrepreneur2 days ago

100X.VC Unveils Its Class 02 Investments

Payments2 days ago

Here’s how Nasdaq-listed MicroStrategy went about buying $175m in Bitcoin

Esports2 days ago

Lenovo Legion Sponsors G2 Esports as Hardware Partner

CNBC2 days ago

Supreme Court Justice Ruth Bader Ginsburg dies at age 87

Energy2 days ago

Shanghai Electric Showcases Smart Energy Solution at China International Industrial Expo on World’s Clean Up Day

Entrepreneur2 days ago

Preventive Healthcare Market Dilating in India

Cannabis2 days ago

5 weed products Tommy Chong can’t live without

Gaming2 days ago

Shacknews Twitch Highlights: Rocket League, Fight Crab, and Quest 64

Entrepreneur2 days ago

More gets 275 Crore INR From Amazon, Samara Capital

Big Data2 days ago

TikTok filed a complaint against Trump administration to block U.S. ban: Bloomberg News

Blockchain2 days ago

Seoul Police Summons Bithumb Chairman For Interrogation

Cyber Security2 days ago

6 Crucial password security tips for everyone

CNBC2 days ago

‘Thank you, RBG’: Leaders react with sadness, shock to Ruth Bader Ginsburg’s death

Gaming2 days ago

Shack Chat: What’s your reaction to the September PlayStation 5 Showcase?

Cleantech2 days ago

Ford Mustang Mach-E Easily Goes 300+ Miles In Norway

Gaming2 days ago

Apple and Sony Events – The TouchArcade Show #462

Esports2 days ago

Here’s the schedule for the 2020 League of Legends World Championship

Gaming2 days ago

Weekend PC Download Deals for Sept. 18: Steam Pirate Sale

Gaming2 days ago

Shacknews Dump – September 18, 2020

Crowdfunding2 days ago

India-Based Insurtech ACKO Secures $60 Million Through Latest Funding Round Led By Munich Re Ventures

Crowdfunding2 days ago

Google Temporarily Removes Paytm Mobile App from Play Store Due to Supposedly Being in Violation For Gambling

Gaming2 days ago

TouchArcade Game of the Week: ‘Songbringer’

CNBC2 days ago

In Photos: Crowd gathers in front of the Supreme Court to mourn Justice Ruth Bader Ginsburg

CoinTelegraph2 days ago

Pinned below $11K, Bitcoin price plays second fiddle to Uniswap (UNI)

CNBC2 days ago

Trump nominee to replace Ruth Bader Ginsburg on Supreme Court will get Senate vote, McConnell says

Cleantech2 days ago

Indian Government May Put EV Chargers At 69,000 Gas Pumps

Blockchain2 days ago

The Last Time This On-Chain Metric Was This Low, Bitcoin Surged 150%

Trending