Google Cloud's AI image recognition code 'biased' against darker-skinned people
Google Cloud’s computer vision algorithms are accused of being biased: an experiment probing Google’s commercial image recognition models, via its Vision API, revealed the possibly biased nature of its training data. Algorithm Watch fed an image of someone with dark skin holding a temperature gun into the API, and the object was labelled as a “gun.” But when a photo of someone with fair skin holding the same object was fed into the cloud service, the temperature gun was recog
Solving the AI scalability problem
It is undeniable that AI technology is going to revolutionise business practices and radically transform the business environment. The problem, however, is not knowing that businesses need to integrate AI solutions in order to remain competitive, but rather how. Far too many businesses fail to move beyond the proof of concept stage into wide scale deployment. Firms often become all too focused on incorrect details or building a model that, instead of solving a problem, merel
How companies can remain compliant even in times of crisis
The increasing escalation of the Covid-19 pandemic is affecting every aspect of society. From a financial perspective, the pandemic is causing greater operational and compliance risks. These risks have been recognised by financial authorities and organisations globally with the US Securities and Exchange Commission offering palliation and guidance to registered funds and their investment advisers. The European Commission has activated the General Escape clause in the Stabilit
Empowering companies to leverage AI to step ahead of fraud
Current anti-fraud tools are lethargic and ineffective when it comes to preventing fraud. At present, tools to prevent money laundering are reactive rather than proactive in their fight against financial crime. They often merely patch gaps which have previously been exploited by fraudsters by which time it is too late. Ideally, AML should be one step ahead of fraudulent activity, for too long has it lagged behind. However with the ever-expanding applications of AI, the tide m
