Federal Reserve Chair Says Automation May Worsen Inequality in Future

At a recent Federal Reserve event in Kansas City, Chair Jerome Powell suggested that workplace automation could exacerbate inequality in the coming decades. Powell pointed to the challenging “distributional consequences” of some work being performed much more efficiently and cheaply through automation. “The concern that you raise has always been the case, going back years…

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Automation Trends May be Widening Racial Wealth Gap

A new report from McKinsey suggest that the adoption and implementation of AI and automation by U.S. companies could further widen the racial wealth gap. With companies having already invested an estimated $20 – $30 billion in artificial technologies, McKinsey’s research shows that African Americans could be most affected by the disruptive forces of automation…

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AI in HR Under the Microscope in California

Alastair Mactaggart, who spurred the enactment of the California Consumer Privacy Act with a ballot initiative, has submitted a new measure regarding AI. The initiative would require companies to disclose to California residents when they are the subject of automated “profiling.” Employers would further have to disclose to California residents “meaningful information about the logic…

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McDonald’s Using Google, Alexa A.I. for Recruiting

McDonald’s is now accepting job applications via digital assistant. It starts off when you turn to your device and yell: “[Alexa or Google], help me get a job at McDonald’s.” Then the app will ask for personal data (such as your location); at the end of the process, it will send you a text with…

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AI Gets Real in Professional Services

As AI technologies become integrated into the audit workflow, auditors are developing a level of speed and accuracy that would have been considered superhuman less than a decade ago. This is enabling them to focus more time and energy on higher risk parts of the audit — the ones that expose them to much higher…

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As facial recognition software becomes more ubiquitous, some governments slam on the brakes

Local and city governments around the country are tacking the use of facial recognition software with varying results. In 2017, Vermont disallowed the search of its driver’s license databases by facial recognition after it became clear the program was illegal under state law. The Seattle Police Department, working with the American Civil Liberties Union of…

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Higher Education Institutions in Asia Pacific Stand to Double the Rate of Innovation with Artificial Intelligence

Microsoft Asia and IDC Asia/Pacific today unveiled the latest findings for the study, “Future-Ready Skills: Assessing APAC Education Sector’s Use of AI” to Education leaders at the Asian Summit on Education and Skills (ASES). Institutions that have implemented AI in their processes expect to see close to 4 times increased funding by 2021. Source: Business…

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Machine Learning in Big Box Retail – Walmart, Target, and Costco

Big Box Retail is utilizing machine learning to relay information about products, shopping behavior, and forecasting demand. The Intelligent Retail Lab is a Walmart store equipped with thousands of cameras that relay information about the stock or condition of products as well as customer shopping behavior. Target has worked on a machine learning algorithm to…

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AI 101: What is artificial intelligence and where is it going?

The Seattle Times provides a cheat sheet on the basic terms surrounding AI and the history of robots. Over the coming months, the Seattle Times will explore the social and economic effects of AI by examining regulation of the technology, privacy concerns and the changing landscape of labor in the AI Age. Source: Seattle Times

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New OFPP administrator seeks to reduce risks of federal contracting through AI, robotics

Michael Wooten, the 15th administrator of the Office of Federal Procurement Policy, wants to focus on using Artificial Intelligence, Machine Learning, and/or Robotic Processing automation to reduce some of the risks that are inherent in contracting. Speaking at the FedInsider event on IT modernization, Wooten said, “I think the leverage of AI into doing those…

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