XRP Price Still 30% Above Support, Price Could Tank: Heres Why – Ethereum World News

While Bitcoin (BTC) has had a harrowing past few months, tanking by 50% since the June peak, XRP has been having it worst.

The third-largest cryptocurrency, which trades behind Ethereum in terms of market capitalization, has collapsed by 50% since the start of 2019, a period which saw Bitcoin gain 95%.

It should come as no surprise then that analysts are currently fearing the worst.

Per previous reports from Ethereum World News, Joe Saz, a cryptocurrency trader and regular guest on BlockTV, went as far as to remark that XRP is floating in outer space and in a serious downtrend, drawing attention to a descending channel that has formed on the assets chart.

That begs the question: where will XRPs price bottom after the harrowing downtrend that has been seen this year?

According to a recent tweet from il Capo of Crypto, a trader closely analyzing assets in the cryptocurrency space, XRPs closely notable level of support is around 30% below the current price of $0.195 at around $0.15. This means that the cryptocurrencys downtrend is still a ways from ending.

Capos analysis that a bottom is likely to form in and around $0.15 lines up with that of other analysts.

Perprevious reports from this very outlet, analyst Magicrecently argued that the cryptocurrency is printing what appears to be a bear flag breakdown, which has a measured target of $0.15 per XRP. Magic added that the $0.15 target could easily be hit if Bitcoin starts to slip once again.

That has been echoed by Jacob Canfield, a prominent cryptocurrency trader who recently stated that XRP will need to fall to the $0.10 to $0.15 rangebefore he even considers a long position.

Michael Van De Poppe has claimed that as long as the $0.14 to $0.17 range is held by the popular altcoin, there will be a base for a strong rally to take place in 2020.

The CoinTelegraph contributor and Amsterdam Stock Exchange trader specifically said that if that level can hold and the price action plays out as it did during the previous macro bottom in the XRP price, the price of each token could hit $0.473 a pop by mid-2020, which is currently 175% higher than the market price:

Broke down of this range for the first time in a year, similar to the period in December 2015. Still expecting that period to be synonym for the current market. Area around $0.14-0.17 is must hold zone.

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XRP Price Still 30% Above Support, Price Could Tank: Heres Why - Ethereum World News

Cryptocurrency is a tool for speculation not an investment – The Globe and Mail

Dan Hallett is vice-president and principal of Highview Financial Group

I have often criticized the investment industry for pumping out products designed to sell rather than build wealth for investors. I have also worked to raise investor awareness of how gimmicky products destroy wealth. The battle against such products took a step backward recently with an Ontario Securities Commission panels decision to allow the launch of a bitcoin investment fund.

The OSCs Investment Funds Branch was initially opposed to the fund; citing several concerns pertaining to public interests. The panels decision document clearly lays out the OSCs legal limits when it comes to approving products that are considered risky and speculative. Ultimately, the panel concluded that the fund will be able to reliably value the funds assets, secure the holdings (from hacks/theft) and complete a full financial audit.

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Many look to bitcoin and other assets such as gold and other commodities to provide diversification from traditional financial assets. An investment must meet two basic conditions for it to effectively diversify a portfolio. First, it must be weakly correlated with other investments. Second, it must produce a positive return. Bitcoin passes the first test with flying colours. But the second a positive return is quite a leap of faith, and violates the warning attached to virtually all investment products.

Regulators have long required every investment fund prospectus to be stamped with a statement reminding investors that past performance is no indication of the future. And yet, it seems that any assumption that bitcoin offers portfolio diversification is implicitly based on bitcoins performance during its one decade in existence. This is a drop in the bucket of financial market history. But there are two problems with this assumption.

First, we have no idea even using history how bitcoin will behave in a recession, financial crisis or bear market. History can be useful to gauge behavioural patterns and worst-case scenarios. But bitcoin hasnt existed through any such environment.

Second, by claiming that bitcoin can diversify portfolios, I wonder what basis is used for assuming positive future returns. As I stated for a Globe and Mail article on the panels decision:

We design client portfolios to achieve a specific goal a specific long-term return target. I can take each component of the portfolio and give you a very good ballpark estimate of how each piece will contribute to achieving that long-term goal. I have no idea how anyone can do this with bitcoin or any cryptocurrency. It cant be done.

We have designed an algorithm to forecast long-term asset-class returns. (The method is summarized in a 2012 blog post and has been pretty accurate.) But bitcoin doesnt fit into this or any other sensible model that facilitates a confident return forecast. Im certainly not comfortable blindly relying on 10 years of data to form any type of future return expectation; particularly since that decade overlapped a very long economic recovery and bull market.

Bitcoin and other crypto or digital currencies are likely to have a future. And blockchain technology seems destined to change some industries e.g., the way we handle legal documents. But investment assets require fundamental characteristics upon which to base some value assessment and, in turn, return expectations. In the absence of such characteristics, buying bitcoin and other cryptocurrencies either for attractive returns or portfolio diversification is speculating not investing.

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Cryptocurrency is a tool for speculation not an investment - The Globe and Mail

TAGZ ends 2019 as the largest cryptocurrency exchange and sets major goals for 2020 – AMBCrypto

Disclaimer: This a paid post, and should not be treated as news/advice.

The current decade is approaching its summation and it is fair to say that the cryptocurrency ecosystem has been one of the largest growing sectors during this period. Bitcoin and other major assets have received massive attention in the economic landscape as the digital asset ecosystem transcended into a $200 billion industry.

The growth of digital assets and their distribution was obviously facilitated via crypto exchanges and over time, the competitive nature between such organizations has only increased. Although the likes of Binance, Kraken, and Coinbase are some of the popular ones in the frame, other exchanges have also risen in terms of activity over the past few years.

TAGZ, an Australian Cryptocurrency Exchange launched earlier in March 2019, has taken the industry by storm and at press time, it was the largest exchange in terms of adjusted volume according to CoinMarketCap. The exchange is licensed by the Australian Securities and Investment Commission (ASIC).

The growth exhibited by the exchange is commendable and considering TAGZ has been around for only 9 months, the accomplishment is noteworthy. It was also reported that the exchange ousted BitMEX, the largest BTC derivatives market, in terms of 24-hour volume by a reported volume of over $3 billion, whereas BitMEX registered around the mark of $1 billion.

TAGZ: How does it function and why was it getting so popular?

Just like any other major exchange, TAGZ facilitates crypto transactions on its platform where users can buy, sell, send, receive, and trade with their favoured assets. However, some of its attractive features explain its meteoric rise in the crypto space.

The majority of the exchanges in the space included a trading fee on their platform. Coinbase has a fixed fee of $2.99 for transactions up to $200 within the platform, whereas Binance charges a 0.1% fee for all trades. On the TAGZ platform, there is zero trading fee and there are no hidden charges after any transaction. The exclusion of trading fees has seemingly gained the attention of crypto traders around the world and given the exchange a definitive edge over its competitors. However, the platform does include a slightly higher withdrawal fee but the users are able to access instant withdrawals without the need for any processing delay or manual approval.

The cryptocurrency industry currently has thousands of exchanges hence legitimacy is a major concern to avoid the least credible ones. In that regard, TAGZ is the first exchange in Australia, that is fully regulated and consists of KYC/AML compliance. Users information is secured with the AUSTRAC, inline with AML policy, which indicated that user privacy is a top-notch priority within the organization.

Digital assets are usually famous for dealing with high volatility hence it is important that certain transaction takes place rapidly in order to avoid losses. TAGZ reported that the exchange currently had the fastest trade engine in the business, outperforming the likes of NASDAQ. Such a statement would sit well with traders, as the platform is also able to facilitate over 70,000 transactions per second. The exchange also provides maximum liquidity to its traders as 20% of the companys profit are allocated to the liquidity pool. However, according to CoinMarketCap, the exchange is currently not present in the top 50 liquid exchange.

Hacks and Online thefts are a common thing in the crypto industry hence it is of utmost importance for major exchanges to avoid loss of user funds. According to TAGZ, the asset funds are always kept in cold storage custody solution, so that the exchange is able to prevent any unsolicited activity.

The platform also boasts a security foundation by adopting a routine awareness program. The exchanges AI detects the security threat in real-time and then the IP is temporarily blocked and the threat is neutralized. If the threat is substantial, the exchange goes under protection mode to eliminate the occurrence of any illicit activity.

It is important for any exchange to be user-friendly and the TAGZ user interface has been identified by industry experts to be extremely easy to operate. The exchange also has an implemented SHA-384 layer encryption, which promotes multi-server cross-referencing. Users also have to option to access their account 24 hours a day to access their asset trading and balances.

TAGZ Affiliate Program

One of the key initiatives promoted by the platform is TAGZ Affiliate Program. People who become members of the affiliate circle are rewarded with significant commissions, which is in line with some of the highest in the industry. The members are paid every 30 months and it is stated that members could earn up to $10,000 per month.

The structure is fairly simple as TAGZ profits from customers transactions by charging a fee on each buys and sells conducted by the customer. A part of that fee is collected and affiliate members are offered 25% of the net fees that are collected by the exchange.

Future Road Map

The platform indicated that the major goal for the coming year is to improve liquidity on the platform, Bryan Seiler, CEO of TAGZ, stated,

The focus for us is in 2020 is to increase the liquidity on our platform even more which in return will bring on board more traders and users of our exchange. We are also working on releasing our new mobile app for iOS and Android devices which will be released shortly.

Conclusion

The plan of action and features exhibited by the exchange are recommendable. The exchange has been on the rise in 2019 and the recent volume spike over the likes of other major players is a positive sign. In order to reach a higher level of credibility, it is necessary for the exchange to focus on liquidity as mentioned earlier, which could bring in more users on their platform.

For more information and further queries, please check TAGZ official website.

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TAGZ ends 2019 as the largest cryptocurrency exchange and sets major goals for 2020 - AMBCrypto

Cryptocurrency Technical Analysis, Chart And 2019-2020 Forecast: Bitcoin (BTC) And Ethereum (ETH) – Exchange Rates UK

As we approach the end of December and 2019, a review of the current month can help us forecast what price levels are important into 2020 and over the next thirty to ninety days.

Bitcoin (BTC)

Top of Cloud (Senkou Span A): 3503.47

Bottom of Cloud (Senkou Span B): 3256.39

Unless there is a major change on the monthly chart for Bitcoin, then its monthly close will remain bullish, at least according to the monthly Ichimoku chart it is still bullish. Bitstamp provides the data for Bitcoins historical chart. The first time that we saw price trading with a current Cloud was in January 2018. And while the enter cryptocurrency market suffered the longest and strongest bear market from December 2017 to February 2018 (altcoins are still in a bear market, lasting now over two years), Bitcoin has remained above the monthly Cloud for the entirety of that time. While it would be very unlikely, if Bitcoin were to drop lower, then there is a shared support level at the current top and bottom of the Cloud. There is a somewhat shared value area of support with the Cloud and the 50% Fibonacci retracement level at 4450. January 2020 will see the top and bottom of the Cloud leap higher to 5979.08 for the top of the Cloud (Senkou Span A) and 5740 for the bottom of the Cloud (Senkou Span B). Looking beyond January 2020, if Bitcoin is to remain in a bullish condition on the monthly chart and remain above the Cloud, then we will need to see it Bitcoin remain above the 10250 value area in February 2020.

Ethereum (ETH)

Top of Cloud (Senkou Span B): 710.77

Bottom of Cloud (Senkou Span A): 269.45

While Bitcoin has been trading entirely above the monthly Cloud since the first monthly Cloud appeared on its chart, Ethereum is a different story. Ethereum has not traded long enough for it to print Senkou Span B on the monthly chart, only Senkou Span A. Ive identified where the 3-week Cloud levels are at, and there is a major difference between where the 3-week Senkou Span A is at to the current monthly Senkou Span A. Ethereum has been trading below its monthly Kijun-Sen since June 2018 and below the monthly Tenkan-Sen since March 2018. Ethereum traded a whole month above the Tenkan-Sen (June 2019) before dropping back below it in July 2019. The monthly chart shows how bearish Ethereum has been over the seven months, dropping from a June 2019 high of 364.49 to the current swing low of 116.25 in the current month of December. And where Bitcoin could close up over +80% for 2019, Ethereum looks like it will close below the 2019 open for a nearly -11% loss for 2019. That is a very, very disappointing result for 2019, especially considering that Ethereum was up over +177.98% at one point! What adds to the extremely bearish nature of Ethereums chart is knowing how much it has to move into even marginally bullish conditions. If Ethereum is going to move above its monthly Tenkan-Sen, it needs to move up over +91.92%. In order to move above its monthly Kijun-Sen (shared value area with the 3-week Senkou Span B), then it needs to move an astonishing +209.56%. Ethereum is more likely to trade lower and create new 2-year lows than trade up to the monthly Tenkan-Sen.

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Cryptocurrency Technical Analysis, Chart And 2019-2020 Forecast: Bitcoin (BTC) And Ethereum (ETH) - Exchange Rates UK

How to choose and create a cryptocurrency wallet – IndiaPost.com

If you start buying cryptocurrencies, you will need a wallet. It will allow you to store your cryptocurrency, but also to send, receive, buy or sell it. The different types of online cryptocurrency wallets. Before choosing your Bitcoin Profit New Domain, you need to determine the type of wallet you want to use. There are several, all with their own features and benefits.

The first type of wallet is the one that is on a cryptocurrency trading platform. These platforms, such as Coinbase, therefore allow you to trade different cryptocurrencies but also to benefit from a wallet. These are very simple to use wallets. They are installed automatically when you create your account and you just have to go to your wallet to be able to instantly generate a new address. Supported cryptocurrencies differ across platforms. So do not hesitate to consult the cryptocurrencies available on each interface before creating an account.

You will find multi-wallet portfolios. These are versatile wallets that allow the use of multiple cryptocurrencies. Although they are a little more complex to use than the portfolios of the platforms, they remain however more complete and practical to use than the simple portfolios that we will describe to you later. If you are using multiple cryptocurrencies and you are not necessarily new to cryptocurrency, this might be the perfect cryptocurrency wallet for you. Among the most used multi-wallet wallets, you will find Jaxx.

Finally, you will find many wallets valid for a single currency. Although they are less complete than other types of wallets, they will provide you with many advantages. The most important is increased completeness compared to the various versatile purses. For example, you will have the official wallets of each cryptocurrency.

Portfolios of cryptocurrency trading platforms

Multi-wallet portfolios

These multi-wallet wallets are very interesting because they offer many options while being versatile. Here are our favourites:

Jaxx is a wallet that will allow you to receive, send and receive your cryptocurrency in a simple way while taking advantage of many options. You can, for example, choose if you want to download the blockchain or not, take advantage of an attractive and simplified blockchain, and many other options. You can also use it both on your computer and on your mobile phone, which makes it possible to benefit from your cryptocurrency in all the places where you are.

The Coinomi wallet works in the same way as Jaxx since it will allow you to receive and send your different cryptocurrencies. However, it is a wallet that highlights security since your private key will be encrypted and stored on your computer. It also has a fluid and intuitive interface that will allow you to enjoy easy navigation.

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Artificial intelligence is helping us talk to animals (yes, really) – Wired.co.uk

Each time any of us uses a tool, such as Gmail, where theres a powerful agent to help correct our spellings, and suggest sentence endings, theres an AI machine in the background, steadily getting better and better at understanding language. Sentence structures are parsed, word choices understood, idioms recognised.

That exact capability could, in 2020, grant the ability to speak with other large animals. Really. Maybe even faster than brain-computer interfaces will take the stage.

Our AI-enhanced abilities to decode languages have reached a point where they could start to parse languages not spoken by anyone alive. Recently, researchers from MIT and Google applied these abilities to ancient scripts Linear B and Ugaritic (a precursor of Hebrew) with reasonable success (no luck so far with the older, and as-yet undeciphered Linear A).

First, word-to-word relations for a specific language are mapped, using vast databases of text. The system searches texts to see how often each word appears next to every other word. This pattern of appearances is a unique signature that defines the word in a multidimensional parameter space. Researchers estimate that languages all languages can be best described as having 600 independent dimensions of relationships, where each word-word relationship can be seen as a vector in this space. This vector acts as a powerful constraint on how the word can appear in any translation the machine comes up with.

These vectors obey some simple rules. For example: king man + woman = queen. Any sentence can be described as a set of vectors that in turn form a trajectory through the word space.

These relationships persist even when a language has multiple words for related concepts: the famed near-100 words Inuits have for snow will all be in similar dimensional spaces each time someone talks about snow, it will always be in a similar linguistic context.

Take a leap. Imagine that whale songs are communicating in a word-like structure. Then, what if the relationships that whales have for their ideas have dimensional relationships similar to those we see in human languages?

That means we should be able to map key elements of whale songs to dimensional spaces, and thus to comprehend what whales are talking about and perhaps to talk to and hear back from them. Remember: some whales have brain volumes three times larger than adult humans, larger cortical areas, and lower but comparable neuron counts. African elephants have three times as many neurons as humans, but in very different distributions than are seen in our own brains. It seems reasonable to assume that the other large mammals on earth, at the very least, have thinking and communicating and learning attributes we can connect with.

What are the key elements of whale songs and of elephant sounds? Phonemes? Blocks of repeated sounds? Tones? Nobody knows, yet, but at least the journey has begun. Projects such as the Earth Species Project aim to put the tools of our time particularly artificial intelligence, and all that we have learned in using computers to understand our own languages to the awesome task of hearing what animals have to say to each other, and to us.

There is something deeply comforting to think that AI language tools could do something so beautiful, going beyond completing our emails and putting ads in front of us, to knitting together all thinking species. That, we perhaps can all agree, is a better and perhaps nearer-term ideal to reach than brain-computer communications. The beauty of communicating with them will then be joined to the market ideal of talking to our pet dogs. (Cats may remain beyond reach.)

Mary Lou Jepsen is the founder and CEO of Openwater. John Ryan, her husband, is a former partner at Monitor Group

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Artificial intelligence is helping us talk to animals (yes, really) - Wired.co.uk

Quantum leap: Why we first need to focus on the ethical challenges of artificial intelligence – Economic Times

By Vivek Wadhwa

AI has the potential to be as transformative to the world as electricity, by helping us understand the patterns of information around us. But it is not close to living up to the hype. The super-intelligent machines and runaway AI that we fear are far from reality; what we have today is a rudimentary technology that requires lots of training. Whats more, the phrase artificial intelligence might be a misnomer because human intelligence and spirit amount to much more than what bits and bytes can encapsulate.

I encourage readers to go back to the ancient wisdoms of their faith to understand the role of the soul and the deeper self. This is what shapes our consciousness and makes us human, what we are always striving to evolve and perfect. Can this be uploaded to the cloud or duplicated with computer algorithms? I dont think so.

What about the predictions that AI will enable machines to have human-like feeling and emotions? This, too, is hype. Love, hate and compassion arent things that can be codified. Not to say that a machine interaction cant seem human we humans are gullible, after all. According to Amazon, more than 1 million people had asked their Alexa-powered devices to marry them in 2017 alone. I doubt those marriages, should Alexa agree, would last very long!

Todays AI systems do their best to replicate the functioning of the human brains neural networks, but their emulations are very limited. They use a technique called Deep Learning. After you tell a machine exactly what you want it to learn and provide it with clearly labelled examples, it analyses the patterns in those data and stores them for future application. The accuracy of its patterns depends on completeness of data. So the more examples you give it, the more useful it becomes.

Herein lies a problem, though an AI system is only as good as the data it receives. It is able to interpret them only within the narrow confines of the supplied context. It doesnt understand what it has analysed so it is unable to apply its analysis to other scenarios. And it cant distinguish causation from correlation.

AI shines in performing tasks that match patterns in order to obtain objective outcomes. Examples of what it does well include playing chess, driving a car on a street and identifying a cancer lesion in a mammogram. These systems can be incredibly helpful extensions of how humans work, and with more data, the systems will keep improving. Although an AI machine may best a human radiologist in spotting cancer, it will not, for many years to come, replicate the wisdom and perspective of the best human radiologists. And it wont be able to empathise with a patient in the way that a doctor does. This is where AI presents its greatest risk and what we really need to worry about use of AI in tasks that may have objective outcomes but incorporate what we would normally call judgement. Some such tasks exercise much influence over peoples lives. Granting a loan, admitting a student to a university, or deciding whether children should be separated from their birth parents due to suspicions of abuse falls into this category. Such judgements are highly susceptible to human biases but they are biases that only humans themselves have the ability to detect.

And AI throws up many ethical dilemmas around how we use technology. It is being used to create killing machines for the battlefield with drones which can recognise faces and attack people. China is using AI for mass surveillance, and wielding its analytical capabilities to assign each citizen a social credit based on their behaviour. In America, AI is mostly being built by white people and Asians. So, it amplifies their inbuilt biases and misreads African Americans. It can lead to outcomes that prefer males over females for jobs and give men higher loan amount than women. One of the biggest problems we are facing with Facebook and YouTube is that you are shown more and more of the same thing based on your past views, which creates filter bubbles and a hotbed of misinformation. Thats all thanks to AI.

Rather than worrying about super-intelligence, we need to focus on the ethical issues about how we should be using this technology. Should it be used to recognise the faces of students who are protesting against the Citizenship (Amendment) Act? Should India install cameras and systems like China has? These are the types of questions the country needs to be asking.The writer is a distinguished fellow and professor, Carnegie Mellon Universitys College of Engineering, Silicon Valley.

This story is part of the 'Tech that can change your life in the next decade' package.

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Quantum leap: Why we first need to focus on the ethical challenges of artificial intelligence - Economic Times

Science in the 2010s: Artificial Intelligence – Labmate Online

Artificial intelligence (AI) has transformed the face of computing, making its mark on everything from cybersecurity to modern medicine. There's no sign of a slowdown, with analysts predicting that by 2022 worldwide spending within the AI industry will soar to US$79.2 billion. There have been some incredible breakthroughs over the past decade, with some of the most significant highlighted below. 2010 Deep learning advances

While the foundations for deep learning sate to the 1980s, researchers George Dahl and Abdel-rahman Mohamed broke new ground in 2010 when they developed advanced deep learningspeech recognition tools. This paved the way for more deep learning advances focusing on anything from facial recognition to machine translation.

In 2011 a question-answering computer system developed by IBM's DeepQA project made headlines when it outplayed Brad Rutter and Ken Jennings, two of the most successful contestants to take part in the popular American game show Jeopardy!

Artificial intelligence took another stride forward in October 2011 when Apple launched Siri, it's signature personal assistant. From reciting the weather forecast to plotting a route on Google Maps, Siri is now used by hundreds of millions of people around the world.

In 2015 Google successfully pulled off "the world's first fully driverless ride on public roads" using its Waymomodel. The passenger was a blind American man called Steve Mahan, a close friend of principal engineer Nathaniel Fairfield.

Perceptions of artificial intelligence were challenged in 2018 when a set of original paintings created by machines using Generative Adversarial Network technology sold for more than US$400,000 at a Christies auction. The portrait was created using a two-part algorithm that analysed image data from 15,000 portraits dating from the 14th to 20th centuries.

Artificial intelligence won more headlines in 2019 when Google launched an AI system that can detect lung cancer with more accuracy than human radiologists. The system is powered by deep learning and uses an algorithm to analyse computed tomography (CT) scans and predict the risk of developing the disease.

Want to know more about the most significant scientific breakthroughs of 2019? Introducing the latest technology from robotics companyAndrew Alliance, 'Addressing the challenges of the reproducibility crisis with improved automation and protocol sharing' spotlights advanced laboratory automation and software infiltrating labs around the world.

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In 2020, lets stop AI ethics-washing and actually do something – MIT Technology Review

Last year, just as I was beginning to cover artificial intelligence, the AI world was getting a major wake-up call. There were some incredible advancements in AI research in 2018from reinforcement learning to generative adversarial networks (GANs) to better natural-language understanding. But the year also saw several high-profile illustrations of the harm these systems can cause when they are deployed too hastily.

A Tesla crashed on Autopilot, killing the driver, and a self-driving Uber crashed, killing a pedestrian. Commercial face recognition systems performed terribly in audits on dark-skinned people, but tech giants continued to peddle them anyway, to customers including law enforcement. At the beginning of this year, reflecting on these events, I wrote a resolution for the AI community: Stop treating AI like magic, and take responsibility for creating, applying, and regulating it ethically.

In some ways, my wish did come true. In 2019, there was more talk of AI ethics than ever before. Dozens of organizations produced AI ethics guidelines; companies rushed to establish responsible AI teams and parade them in front of the media. Its hard to attend an AI-related conference anymore without part of the programming being dedicated to an ethics-related message: How do we protect peoples privacy when AI needs so much data? How do we empower marginalized communities instead of exploiting them? How do we continue to trust media in the face of algorithmically created and distributed disinformation?

Sign up for The Algorithm artificial intelligence, demystified

But talk is just thatits not enough. For all the lip service paid to these issues, many organizations AI ethics guidelines remain vague and hard to implement. Few companies can show tangible changes to the way AI products and services get evaluated and approved. Were falling into a trap of ethics-washing, where genuine action gets replaced by superficial promises. In the most acute example, Google formed a nominal AI ethics board with no actual veto power over questionable projects, and with a couple of members whose inclusion provoked controversy. A backlash immediately led to its dissolution.

Meanwhile, the need for greater ethical responsibility has only grown more urgent. The same advancements made in GANs in 2018 have led to the proliferation of hyper-realistic deepfakes, which are now being used to target women and erode peoples belief in documentation and evidence. New findings have shed light on the massive climate impact of deep learning, but organizations have continued to train ever larger and more energy-guzzling models. Scholars and journalists have also revealed just how many humans are behind the algorithmic curtain. The AI industry is creating an entirely new class of hidden laborerscontent moderators, data labelers, transcriberswho toil away in often brutal conditions.

But not all is dark and gloomy: 2019 was the year of the greatest grassroots pushback against harmful AI from community groups, policymakers, and tech employees themselves. Several citiesincluding San Francisco and Oakland, California, and Somerville, Massachusettsbanned public use of face recognition, and proposed federal legislation could soon ban it from US public housing as well. Employees of tech giants like Microsoft, Google, and Salesforce also grew increasingly vocal against their companies use of AI for tracking migrants and for drone surveillance.

Within the AI community, researchers also doubled down on mitigating AI bias and reexamined the incentives that lead to the fields runaway energy consumption. Companies invested more resources in protecting user privacy and combating deepfakes and disinformation. Experts and policymakers worked in tandem to propose thoughtful new legislationmeant to rein in unintended consequences without dampening innovation. At the largest annual gathering in the field this year, I was both touched and surprised by how many of the keynotes, workshops, and posters focused on real-world problemsboth those created by AI and those it could help solve.

So here is my hope for 2020: that industry and academia sustain this momentum and make concrete bottom-up and top-down changes that realign AI development. While we still have time, we shouldnt lose sight of the dream animating the field. Decades ago, humans began the quest to build intelligent machines so they could one day help us solve some of our toughest challenges.

AI, in other words, is meant to help humanity prosper. Lets not forget.

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In 2020, lets stop AI ethics-washing and actually do something - MIT Technology Review

designboom TECH predictions 2020: AI and the third era of computing – Designboom

tech predictions 2020: scientists have already used it to explore our ancient origins, beer lovers have rigged taps with it to pour the perfect pint, and now humankind wants to use it to find everything out about everyone artificial intelligence is making rapid strides and theres talk of a new evolution that could fundamentally change life on our planet.

this month, LA-based studio ouchhh created a 3 billion-pixel digital monolith combining AI with data learnt from the pre-pottery neolithic period (read more)

in 2020, artificial intelligence will reach new heights. robotic scanners that serve the perfect pizza, seem pretty schoolboy in comparison to its future potential. the AI of tomorrow uses its political prowess instead of its culinary skills. it will decide who should be hired and who should be fired, who is guilty and who is innocent, deciding the fate of entire nations.

earlier this year, dominoes announced the launch of a new pizza-checkingrobot which uses a mix of AI, advanced machine learning and sensor technology to identify pizza type, even topping distribution and correct toppings (read more)

deepfakes refer to manipulated videos, or other digital representations produced by sophisticated artificial intelligence, that generate fabricated images and sounds that appear to be real. these falsified videos are becoming increasingly sophisticated and accessible, with the danger of making people believe something is real when it is not. its just in time for the 2020 US election where some fear it could be used to undermine the reputation of political candidates by making the candidate appear to say or do things that never actually occurred.

in june, a doctored video of mark zuckerberg was uploaded to instagram raising concerns over falsified content (read more)

gartner, an IT research and advisory company, reports that by 2024, the world health organization will identify online shopping as an addictive disorder. that might be in part because by then, as the same report suggests, AI which is able to identify emotions will influence more than half of the online advertisements you see. by 2020, it is predicted that 85% of customer interactions in retail will be managed by artificial intelligence. new technology could monitor customers reactions to brands, pricing and store layouts, helping retailers make decisions based on consumer responses. its kind of like market research but 24/7: if emotions read negative, it might be time to lower prices, and if shoppers appear confused, it might be time for a redesign.

just a couple of months ago, researchers at openAI developed a roboticarm that usesartificial intelligence to solve a rubiks cube one-handed (read more)

theres no hiding your emotions in the future. newly developed artificial emotional intelligence puts power in the hands of big businesses with an incentive to know exactly whats on your mind and when. it might not change the way we shop entirely, but the use of AI to detect consumer emotions will surely change the way we are sold to. imagine a hyperpersonalized shopping experience curated by humanoid sales assistants whose ability to understand what you want or need happens before youve even had time to articulate it.

in september, designboom reported on a new PSA in america that used artificial intelligence to create a composite portrait of hunger by scanning the faces of americans (read more)

the biggest concern of the future is if brands will be transparent and if so, how? consumers will demand an education on how their data is being collected and used. AI that can scan human beings for their emotional state is already being used to vet job seekers, test criminal suspects for signs of deception, and set insurance prices but just cause AI can read our emotionsshould it? research center AI now institute has called for new laws to restrict the use of emotion-detecting for fears that it is built on markedly shaky foundations. we just cant rely on AI doing its job properly when peoples lives are at stake. with AI around theres no room for human error, but theres still plenty of space for machine-made mistakes.

israel-based startup seedo is developing fully automated, commercial-scale cannabis farms for example (read more)

but its not all bad AI is set to drive sustainability in 2020 and beyond. companies will use it to measure environmental and social effects within their businesses, automatically optimizing operations for sustainability. that includes operating responsibly, reducing waste, making smarter transportation strategies.

kieron marchese I designboom

dec 27, 2019

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designboom TECH predictions 2020: AI and the third era of computing - Designboom