STLR Link Roundup – October 22, 2017

CBI Calling for Commission to Research Artificial Intelligence Impact

The Confederation of British Industry (CBI) has called for the government to create a commission to examine the potential impact that artificial intelligence will have on industry in the UK. The lobby group has said that nearly half of the firms involved are planning to pool their resources into AI, with twenty percent already beginning the process.

However, even with all this investment, two-thirds of these firms do not possess the skills or capabilities to integrate the AI into their workplace, with over 40% of people not having the necessary digital skills for the jobs that will arise out of AI.

The Increased Use of Facial Recognition

With the next-generation iPhone set to bring in facial recognition in a big way (with its plethora of uses and alleged benefits), many concerns have naturally arisen with regards to the technology. First, many are concerned with the security of such a practice, especially with account takeover attacks.  These attacks have grown up 280% from last year, and work once the phone’s user has properly unlocked the device, and while the idea of Touch/Face ID would make it seem as though this threat would be lessened, the truth remains that it is still heavily dependent on the strength of the PIN.

Furthermore, there are concerns that government regulations might come into play, dictating how businesses can use fingerprints and other biometric data. And while Illinois is one of the few states with such an act already in place (the Illinois Biometric Information Privacy Act), Texas and Washington are among prominent states which have modified versions of their own.

There are other uses for facial recognition as well, most notably when it comes to bringing in criminals. Even after a number of failures in London recently with new facial recognition technology, there has been a push at a number of universities to improve this measure. In China, without the same government restrictions set in place as the US or UK, they have already implemented it into their system and have used it to combat crimes like jaywalking. With even more integration, some experts believe that China will come to dominate research and development in AI.

Blockchain is Booming

With the rise of bitcoin and other crypocurrencies over the years, it’s no wonder that blockchain, the technology behind those mechanisms, is gaining in popularity. However, the reach of blockchain is starting to extend beyond just finance. With companies like Google and Goldman Sachs investing in blockchain companies, there exists a plethora of fields where it can be applied, like finance, collecting taxes, insurance. To wit, MIT has recently tested the use blockchain technology to issue diplomas to graduates, allowing them easy access to their certificate.

Of course, this increase in usage means that there will inevitably be more discussions surrounding the regulation of blockchain. While there are no national guidelines in the United States about blockchain, 2017 saw at least eight states work on bills to accept or promote the use of bitcoin and other blockchain technology, with a few already passing those bills into law. In Europe, the overarching reception seems to be a welcoming one, leading towards an “innovation-first business philosophy.” The European Commission is, however, still monitoring developments in the technology closely.

 

Comments are closed.