Cryptocurrency market rallies with gains across the board as South Korea allegedly legalizes crypto trading – FXStreet

The cryptocurrency market is full of optimism once again. Bitcoin and all major altcoins are growing strongly with bullish trend seem to be gaining momentum. BTC/USD rushed above $9,000 and hit the intraday high at $9,126. Both ETH and XRP smashed important resistance levels and continued the upside quest. The total capitalization of all digital assets in the circulation jumped to $260 billion, while an average daily trading volume is registered at $130 billion

The positive news from South Korea might have become the last straw that pushed the market outside the ranges. The News Asia reports that the Parliament of the South Korea passed an amendment to the Act on Reporting and Use of Specific Financial Information, which signals that cryptocurrency trading and holding will become a part of the legal system. This development is expected to lead to a complete revamp of the domestic blockchain industry.

Once the amendments are approved by the president, a year-log of enactment process will start. Once it is over, the companies will have six-months of a grace period to ensure the compliance with the requirements. Allegedly, blockchain and cryptocurrency companies shall bring their operations in full compliance with the regulatory requirements by September 2021.

A flow of positive news, including yesterday's announcement that India's Supreme Court cancelled the ban on cryptocurrency trading, caused the industry players jump with joy.

BTC/USD is moving fast towards the next important resistance of $9,250, created by a combination of SMA50 daily and 23.6% Fibo retracement for the downside move from July 2019 high to December 2019 low. It is closely followed by $9,300. Once it is out of the way, the upside is likely to gain traction with the next focus on $9,600.

ETH/USD gained nearly 4% since the beginning of Thursday and hit $234.65, which is the highest level since the beginning of March. The next strong barrier comes at $245.70. It is created by SMA100 4-hour and followed by psychological $250.00.

XRP/USD managed to break free from the range and hit the intraday high of $0.2429.

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Cryptocurrency market rallies with gains across the board as South Korea allegedly legalizes crypto trading - FXStreet

Are you ready to invest in cryptocurrency? – Modern Diplomacy

You might beamazed at the high returns the crypto-world has to offer or just fascinatedwith this new talk-of-the-investment-town. The reason can be anything; thepurpose is that you want to kick-start your journey in this world. But, beforeyou do so, it is important to spare time and understand how to go about it.People who are making money on this platform didnt just wake up one finemorning and started getting results. That is not how it works.

The first step isto reckon that you arent financially mature enough, and there is a lot of workinvolved behind the scenes to make a difference. Otherwise, if not at once, atsome point in the way ahead you are sure to lose money. It is simple, seecryptocurrency as an asset and just like before investing money in an asset,you try to learn about its returns, the production process, and other factors.Why not do that with crypto as well?

Below, I havecompiled a list that works for the same purpose: to establish your standing fora head-start in the world of crypto. Keep reading.

Dont jump into crypto without a clearunderstanding

Just because yourfriend from work made a fortune from cryptocurrency doesnt mean you will jumpinto it without any knowledge about its basic functioning and conditions. Of course,you can also earn the numbers you desire but rushing and hurrying is definitelynot the way ahead.

Thus, if you arehere for the long run, you must first understand its course of action. Forinstance, how many of you know the central bank does not regulatecryptocurrency? It is instead built on a peer-to-peer network. What are thefactors that cause their rates to multiply and divide? What led to the cryptoboom in the year 2018? Is this approach to earning secure enough? If there waseven one question in this set that went unanswered, then get back to the groundand start researching!

The employedprinciples of cryptocurrency ensure that everything is secure and safe from theviewpoint of third parties. Crypto operates on a similar mechanism like foreignexchange. It works through transactions, which is the transfer of funds betweenwallets. When the transactions are confirmed they are referred to mining andare stored in the public ledger. Of course, all of this is a lot more complex.So before you dump in your first investment in the crypto game, make sure yourresearch is on-point and you are well-aware of the basics of cryptocurrency.

Note: Browselatest updates and news in the crypto niche here https://top10bitcoinrobots.com .

Expects Ups and Downs

If the primaryreason you are beginning to invest in crypto is because you think the graphonly rises, DONT!

In fact, cryptois a very volatile market and expect-the-unexpected kind of genre ofinvestment. Just because it has been going up for a while, does not mean itwill always go up. There are more chances than not that the bubble will burstvery soon.

Like I mentionedearlier, the policies of the central bank dont apply to cryptocurrency, whichmeans politics will not play a role. But, on the other hand, there are a lot ofother factors that majorly affect its value, that requires individual attentionand learning

Heres a quickexample for you to explain the volatility of the crypto market: Back in the year2017, there was an unprecedented boom of Bitcoins. But a few weeks into 2018,and Bitcoinplunged nearly by 60%. You read thatright!

If I had to putit in a sentence, it would be Cryptocurrency isnt for the faint-hearted.

Move ahead with a Strategy

All your researchwork on crypto will be useless if you havent used it to carve out a plan ofaction or strategy of your own. If you are business, accepting payments in theform of crypto can prove to be a legitimate approach and a threat to otherbusinesses. However, you must be aware of all the businesses/industries thataccept payments in crypto.

Even though therehas been a lot of discussion on this topic: I think, initially, you mustconsider cryptocurrency as speculating rather than investing. You can alsoinvest conservatively considering the volatility, despite all the mainstreamattention. Whatever it may be, work on a strategy, because if you go with theflow, you might just be drowned in losses.

Research! Its common sense

The numerousbenefits of this point make me emphasize it EVERYTIME. When it comes to buyingcryptocurrency, a go-to strategy will be to buy when the price is considerablylow. That is what most people do. However, if its value is on a constant slideand is expected to fall more in the near future, its wise not to invest in it.

The more youresearch the more you will observe charts and other analysis tools on trendsand price movements. Thats the thing, the more you research the more you willbe able to predict appropriate future movements.

Although, you canreach out to a cryptocurrency broker who will do all the research work for you.However, remember no one can replace self-research.

Practice Investing

It is when youhave performed the above 4 things with efficiency, I believe you are nowactually ready to invest and practice on the markets.

This is when youhave got a better understanding of cryptocurrency and you can kick-start thereal game. Before you invest, as I said, crypto and forex hold similarities;you can try your newly-learned skills on demo foreign exchange accounts. Thiswill actually advance your senses on how crypto actually works. You will getreal-time experience on how to spot opportunities, trends, risks and learn howto make transactions.

Securing Cryptocurrency

Back in 2017, Bitcoinsrelation to fraud tripled. So, securing your crypto is a must. Try to use a highly securewallet or only use the ones that have positive reviews, reputable names and aredependable. Although nothing comes with a guarantee, this is relatively moreauthentic. Also, remember to use strong passwords and two-factorauthentications. Try to be as rigorous as you can.

Wrapping up!

Investing incryptocurrency is a process and not a regular If I can do this, I can do cryptoalso. There is a lot of groundwork that must be invested to actually make afortune or even living from the same. Especially for a newbie, try not to makerookie mistakes. After all, it is your real hard-earned money on the stakes.

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Are you ready to invest in cryptocurrency? - Modern Diplomacy

Coronavirus Could Be ‘Black Swan’ That Kills Bitcoin, Cryptocurrency: Here’s Why – International Business Times

KEY POINTS

With the Fed making an emergency rate cut on Tuesday in response to the growing coronavirus fears which now poses a risk of the U.S. and other countries going into recession, many believe that the virus could be a "black swan" event that would impose negative effects to the global economy.

The stock market, although surging higher yesterday thanks to coordinated responses to the virus and a strong performance from Joe Biden, it did suffer its worst week last week since the 2008 financial crisis. The Dow dropped 12.4%, the S&P500 fell 11.5%, and Nasdaq shed off 10.5%. And, surprisingly, despite the rate cut, the market responded with massive selloffs before the uptick on Wednesday.

Over at the crypto-verse, there is also the same concern of a black swan event triggered by COVID-19 trickling to the nascent market that imperils Bitcoin and other cryptocurrencies. "Black swan" is a term coined by Lebanese-American scholar, statistician, and former trader, Nassim Nicholas Taleb, and it refers to sporadic events that no one could have foreseen coming and have a severe impact to society and the economy.

Bitcoin (BTC) is still considered a risky asset despite plenty in the crypto space asserting correlations of the leading crypto to macro events, which appear to have been coincidental after all. Indeed, BTC traded higher in January amid the U.S. and Iran conflict, and during the reopening of trading in the Chinese market in February, but investors didn't seek safety in the top crypto last week as its decline was sharper than the three major stock indexes.

A black swan, according to Matthew Hougan, the vice president of Bitwise, could accentuate more of BTC's pitfalls like the lack of regulation and clampdowns on crypto trading on certain exchanges could seriously dampen prices.

And even if it's designed to be "recession-proof," some believe that it's still too early for BTC to survive such a drastic event. Still, there are some positive aspects to look at a black swan due to the coronavirus that Heather Morgan, founder of SalesFolk, highlighted, including a wakeup call for the healthcare system in the U.S., for people to be more prepared for such instances, and most importantly, a correction that the stock market badly needed.

Bitcoin Photo: Bitcoin

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Coronavirus Could Be 'Black Swan' That Kills Bitcoin, Cryptocurrency: Here's Why - International Business Times

Cryptocurrency Airdrops and Giveaways: What They Are and What’s Next – Bitcoin News

There are a number of ways people can obtain cryptocurrencies and one of them is through airdrops, a type of distribution where creators send free coins to numerous crypto wallet addresses in order to drive adoption. Airdrops have been leveraged for years and token distributors believe that its a great way to disburse coins fairly and to raise awareness. New airdrops are announced nearly every month that allow people to obtain free digital tokens.

Also read: $65M Investment Fuels Natural Gas Providers Behind-the-Meter Bitcoin Mining Operation

In the world of cryptocurrency, airdrop defines a type of crypto distribution where free coins are sent to multiple digital wallets. Sometimes people have to engage in community building efforts like retweeting a project or completing a survey in order to gain the tokens. The idea is to distribute airdropped assets so people become aware of the tokens as they are dispersed far and wide. Some airdrops that have been released over the years have gone from zero to gathering real-world value when measured in other digital currencies like BTC, BCH, or ETH.

One of the oldest and most popular airdrops in history was auroracoin (AUR) which was meant to be a cryptocurrency designated for Icelands citizens. The term airdrop started floating around the crypto scene when the creators of auroracoin announced the issuance period that started March 25, 2014. Icelandic residents with a permanent resident ID could register on the website to receive 31.8 AUR which at the time was worth $385. Today each AUR is only worth $0.07 per coin and that initial airdrop dubbed the cryptocurrency for Iceland would only be worth $2.17.

After AUR, many other famous airdrops followed the distribution scheme, giving away cryptos for free. Furthermore, projects that launched and established themselves years prior have airdropped coins as well. Decred airdropped 258,000 DCR in 2016 and in 2017 Stellar (XLM) gave away 19% of their total token supply to people who owned BTC. A number of airdrop projects use the concept of attempting to leverage an existing and established network effect of users from other blockchains.

More recently, initial coin offering (ICO) projects and token application creators have leveraged airdrops in order to establish themselves within the cryptoconomy. Airdrops have been fueled by established projects with token standards operating on networks like Ethereum and Bitcoin Cash. Since the inception of the Simple Ledger Protocol (SLP) token standard, airdrops have become part of the BCH community. Now people can randomly airdrop SLP tokens to numerous public BCH addresses any time they want.

For instance, individuals and organizations can leverage Bitcoin.coms SLP Dividend Calculator to airdrop SLP tokens to a valid token ID. In order to use the platform, simply visit the tools webpage and enter the token ID of the SLP coin you wish to airdrop. After that, you will need to enter the receivers SLP token ID, the total number of SLP tokens to airdrop (dividend payment), and then build the transaction. After the transaction is built, a QR-based payment invoice will be made available to complete the airdrop.

If you are not into making your own tokens and distributing an airdrop yourself, you can always search the net for any upcoming airdrops. For example, the website airdrops.io is an online resource that discloses which airdrops are coming out next.

The site shows the hottest airdrops, latest airdrops, exclusive airdrops, Telegram channels with airdrops, Twitter airdrops, and basically every coin giveaway under the sun. Airdrops.io verifies and aggregates airdrops and bounties daily to bring you the most recent and profitable earning opportunities. Choose an airdrop and follow the instructions provided to claim free crypto tokens, the website notes.

A few airdrops advertised on the website include coin giveaways from Bitcoin Rhodium, Pointpay, Simbcoin, Escher, Daps, and Binance Jex. For each airdrop, the website explains the giveaway details and how to get involved. Theres a bunch of other airdrop-guide and review websites as well like airdropter.com, coinairdrops.com, and airdropalert.com.

Usually, there are two ways airdrops are distributed by their creators, which is selecting recipients at random or letting people know on social media, forums, and websites like airdrops.io. In the crypto world, some users could care less about airdrops and think they are garbage with negligible value.

However, other crypto enthusiasts comb the internet daily in search of these free coin giveaways with hopes of catching some free money. It is worth noting, though, that government tax agencies have taken notice of airdropped coins and you could get taxed for receiving them. Entities like the IRS have issued guidance in regard to airdropped cryptocurrencies. The U.S. tax agencys airdrop guidance, however, is confusing and organizations including lawmakers want better clarification. As long as cryptocurrency exists, airdrops will likely continue and distributors will take advantage of the crypto communitys powerful network effects.

What do you think about airdrops and the numerous amounts of cryptocurrency giveaways in the cryptoconomy? Do you search for airdrops or do you think they are a waste of time? Let us know what you think about this topic in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. None of the aforementioned airdrops or airdrop recommendation/review sites are endorsed by our website. The data is strictly for informational purposes and research, as all readers should use due diligence with any crypto project within this ecosystem. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Image credits: Shutterstock, airdropter.com, coinairdrops.com, airdropalert.com, airdrops.io, auroracoin (AUR), Blockchain.com, Stellar (XLM), Fair Use, Wiki Commons, and Pixabay.

Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

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Cryptocurrency Airdrops and Giveaways: What They Are and What's Next - Bitcoin News

Korea Passes Special Law on Cryptocurrency, What Will Change in the Future? – Coin Idol

Mar 05, 2020 at 17:10 // News

As the Special Money Act passed the South Korean National Assembly's plenary session, the Enforcement Decree is in full force.

This raises a keen interest among blockchain and cryptocurrency industry and investors about what will change as a result of passing the special law. On March 5, the Act on Reporting and Use of Specific Financial Transactions (Special Fund Act) passed the plenary session.

As the bill passed through the Judicial Committee was expected to pass without difficulty, the law was passed without much disagreement at the plenary session. It is expected that there will be many changes in the industry as the special law, the first regulation law in the cryptocurrency industry, is passed.

The cryptocurrency industry has been pursuing the 'real name verification virtual account' since 2018. Since January 2018, except for four domestic exchanges (Cobit, Bithumb, Coinone, Upbit), exchanges have not been issued a real name verification virtual account. Even the upbeat is that the real name verification virtual account is limited to existing members, so new members cannot trade through the won.

In addition, all exchanges without a real name proof virtual account have been operated through the so-called 'honeycomb account'. If you operate an exchange through a honeycomb account on the borderline between legal and illegal, there is a possibility that it will be used for facilitating illegal activities especially money laundering because it is difficult to track a clear flow of funds. It is also vulnerable to voice phishing and is vulnerable to hacking. There are no special guidelines, and the exchanges are in trouble. It is not unrelated to the fact that there are a lot of bad exchanges and investors suffered.

The Special Act includes the introduction of a 'report system' for cryptocurrency exchanges. The Special Money Act states that those who may be denied reporting are those who have not obtained the Information Security Management System Certification (ISMS), or those who do not conduct financial transactions through deposit and withdrawal accounts that can verify their real name. Upbeat will allow Upbeat to extend its real name verification account to new members, but all exchanges except the four major exchanges will be denied reporting and will be closed.

However, as a result of the agreement, the amendment to the Special Allowance Law was decided to loosen the requirement through the enforcement decree in the case of the real name proof virtual account with a six-month suspension for ISMS. The death penalty has been imposed on badly traded exchanges that operate without the minimum security device, ISMS, and do not meet the requirements for issuing real name virtual accounts.

This seems to be because the law has a big purpose in protecting investors. In fact, the damage to investors through bad trading and fraudulent exchanges is enormous.

The industry is looking forward to the next enactment. As virtual accounts are included in the tax amendment, issuance should mitigate the requirements for healthy exchanges to operate normally.

The special law is essential to the implementation of the FATF's recommendations issued in June last year. In order to evaluate the implementation of the recommendation this June, it was necessary to pass as soon as possible. In addition, the passage of the special allowance law will provide a basis for taxation of cryptocurrencies.

Recently, the government was reported to be reviewing the taxation policy on cryptocurrencies. In fact, a policy symposium for establishing a cryptocurrency taxation policy has been actively held, and the Ministry of Strategy and Finance's Income Tax Concession has been designated as the main department to oversee cryptocurrency taxation.

No tax on cryptocurrency has been charged. In the case of corporations, they were paying corporate taxes, but no tax was set when they made profits from cryptocurrency transactions. It may be because the tax policy was not set, but it was difficult to track the flow of funds because the cryptocurrency exchange and the operation are different.

The Special Money Act includes a proposal to implement the FATF's recommendations and provide accurate transaction details to prevent money laundering. As a result, it is possible to charge the exact tax generated by the transaction.

If the tax issue is resolved through the special tax law, it will also provide a framework for institutional financial assets to enter the cryptocurrency industry. It is necessary to establish a legal taxation system to be recognized as a financial asset.

Most of all, the industry expects that various blockchain and cryptocurrency laws will be created through exceptional bonus laws. It is expected that more laws will be created in the related industries as the cryptocurrency industry is incorporated into the system through the special law.

The blockchain and distributed ledger technology (DLT) industry has continually asked the government to not just release regulations, but create regulations to do business.'' In the absence of clear regulations, business uncertainty has only grown. The hardest thing about doing blockchain related business is that there are no regulations.

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Korea Passes Special Law on Cryptocurrency, What Will Change in the Future? - Coin Idol

Is Artificial Intelligence (AI) A Threat To Humans? – Forbes

Are artificial intelligence (AI) and superintelligent machines the best or worst thing that could ever happen to humankind? This has been a question in existence since the 1940s when computer scientist Alan Turing wondered and began to believe that there would be a time when machines could have an unlimited impact on humanity through a process that mimicked evolution.

Is Artificial Intelligence (AI) A Threat To Humans?

When Oxford University Professor Nick Bostroms New York Times best-seller, Superintelligence: Paths, Dangers, Strategies was first published in 2014, it struck a nerve at the heart of this debate with its focus on all the things that could go wrong. However, in my recent conversation with Bostrom, he also acknowledged theres an enormous upside to artificial intelligence technology.

You can see the full video of our conversation here:

Since the writing of Bostrom's book in 2014, progress has been very rapid in artificial intelligence and machine and deep learning. Artificial intelligence is in the public discourse, and most governments have some sort of strategy or road map to address AI. In his book, he talked about AI being a little bit like children playing with a bomb that could go off at any time.

Bostrom explained, "There's a mismatch between our level of maturity in terms of our wisdom, our ability to cooperate as a species on the one hand and on the other hand our instrumental ability to use technology to make big changes in the world. It seems like we've grown stronger faster than we've grown wiser."

There are all kinds of exciting AI tools and applications that are beginning to affect the economy in many ways. These shouldnt be overshadowed by the overhype on the hypothetical future point where you get AIs with the same general learning and planning abilities that humans have as well as superintelligent machines.These are two different contexts that require attention.

Today, the more imminent threat isn't from a superintelligence, but the usefulyet potentially dangerousapplications AI is used for presently.

How is AI dangerous?

If we focus on whats possible today with AI, here are some of the potential negative impacts of artificial intelligence that we should consider and plan for:

Change the jobs humans do/job automation: AI will change the workplace and the jobs that humans do. Some jobs will be lost to AI technology, so humans will need to embrace the change and find new activities that will provide them the social and mental benefits their job provided.

Political, legal, and social ramifications: As Bostrom advises, rather than avoid pursuing AI innovation, "Our focus should be on putting ourselves in the best possible position so that when all the pieces fall into place, we've done our homework. We've developed scalable AI control methods, we've thought hard about the ethics and the governments, etc. And then proceed further and then hopefully have an extremely good outcome from that." If our governments and business institutions don't spend time now formulating rules, regulations, and responsibilities, there could be significant negative ramifications as AI continues to mature.

AI-enabled terrorism: Artificial intelligence will change the way conflicts are fought from autonomous drones, robotic swarms, and remote and nanorobot attacks. In addition to being concerned with a nuclear arms race, we'll need to monitor the global autonomous weapons race.

Social manipulation and AI bias: So far, AI is still at risk for being biased by the humans that build it. If there is bias in the data sets the AI is trained from, that bias will affect AI action. In the wrong hands, AI can be used, as it was in the 2016 U.S. presidential election, for social manipulation and to amplify misinformation.

AI surveillance: AIs face recognition capabilities give us conveniences such as being able to unlock phones and gain access to a building without keys, but it also launched what many civil liberties groups believe is alarming surveillance of the public. In China and other countries, the police and government are invading public privacy by using face recognition technology. Bostrom explains that AI's ability to monitor the global information systems from surveillance data, cameras, and mining social network communication has great potential for good and for bad.

Deepfakes: AI technology makes it very easy to create "fake" videos of real people. These can be used without an individual's permission to spread fake news, create porn in a person's likeness who actually isn't acting in it, and more to not only damage an individual's reputation but livelihood. The technology is getting so good the possibility for people to be duped by it is high.

As Nick Bostrom explained, The biggest threat is the longer-term problem introducing something radical thats super intelligent and failing to align it with human values and intentions. This is a big technical problem. Wed succeed at solving the capability problem before we succeed at solving the safety and alignment problem.

Today, Nick describes himself as a frightful optimist that is very excited about what AI can do if we get it right. He said, The near-term effects are just overwhelmingly positive. The longer-term effect is more of an open question and is very hard to predict. If we do our homework and the more we get our act together as a world and a species in whatever time we have available, the better we are prepared for this, the better the odds for a favorable outcome. In that case, it could be extremely favorable.

For more on AI and other technology trends, see Bernard Marrs new book Tech Trends in Practice: The 25 Technologies That Are Driving The 4Th Industrial Revolution, which is available to pre-order now.

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Is Artificial Intelligence (AI) A Threat To Humans? - Forbes

Can Machines And Artificial Intelligence Be Creative? – Forbes

We know machines and artificial intelligence (AI) can be many things, but can they ever really be creative? When I interviewed Professor Marcus du Sautoy, the author of The Creativity Code, he shared that the role of AI is a kind of catalyst to push our human creativity. Its the machine and human collaboration that produces exciting resultsnovel approaches and combinations that likely wouldnt develop if either were working alone.

Can Machines And Artificial Intelligence Be Creative?

Instead of thinking about AI as replacing human creativity, it's beneficial to examine ways that AI can be used as a tool to augment human creativity. Here are several examples of how AI boosts the creativity of humans in art, music, dance, design, recipe building, and publishing.

Art

In the world of visual art, AI is making an impact in many ways. It can alter existing art such as the case when it made the Mona Lisa a living portrait a la Harry Potter, create likenesses that appear to be real humans that can be found on the website ThisPersonDoesNotExist.com and even create original works of art.

When Christies auctioned off a piece of AI artwork titled the Portrait of Edmond de Belamy for $432,500, it became the first auction house to do so. The AI algorithm, a generative adversarial network (GAN) developed by a Paris-based collective, that created the art, was fed a data set of 15,000 portraits covering six centuries to inform its creativity.

Another development that blurs the boundaries of what it means to be an artist is Ai-Da, the worlds first robot artist, who recently held her first solo exhibition. She is equipped with facial recognition technology and a robotic arm system thats powered by artificial intelligence.

More eccentric art is also a capability of artificial intelligence. Algorithms can read recipes and create images of what the final dish will look like. Dreamscope by Google uses traditional images of people, places and things and runs them through a series of filters. The output is truly original, albeit sometimes the stuff of nightmares.

Music

If AI can enhance creativity in visual art, can it do the same for musicians? David Cope has spent the last 30 years working on Experiments in Musical Intelligence or EMI. Cope is a traditional musician and composer but turned to computers to help get past composers block back in 1982. Since that time, his algorithms have produced numerous original compositions in a variety of genres as well as created Emily Howell, an AI that can compose music based on her own style rather than just replicate the styles of yesterdays composers.

In many cases, AI is a new collaborator for todays popular musicians. Sony's Flow Machine and IBM's Watson are just two of the tools music producers, YouTubers, and other artists are relying on to churn out today's hits. Alex Da Kid, a Grammy-nominated producer, used IBMs Watson to inform his creative process. The AI analyzed the "emotional temperature" of the time by scraping conversations, newspapers, and headlines over a five-year period. Then Alex used the analytics to determine the theme for his next single.

Another tool that embraces human and machine collaboration, AIVA bills itself as a creative assistant for creative people and uses AI and deep learning algorithms to help compose music.

In addition to composing music, artificial intelligence is transforming the music industry in a variety of ways from distribution to audio mastering and even creating virtual pop stars. An auxuman singer called Yona, developed by Iranian electronica composer Ash Koosha, creates and performs music such as the song Oblivious through AI algorithms.

Dance and Choreography

A powerful way dance choreographers have been able to break out of their regular patterns is to use artificial intelligence as a collaborator. Wayne McGregor, the award-winning British choreographer and director, is known for using technology in his work and is particularly fascinated by how AI could enhance what is done with the choreography in a project with Google Arts & Culture Lab. Hundreds of hours of video footage of dancers representing individual styles were fed into the algorithm. The AI then went to work and "learned how to dance. The goal is not to replace the choreographer but to efficiently iterate and develop different choreography options.

AI Augmented Design

Another creative endeavor AI is proving to be adept at is commercial design. In a collaboration between French designer Philippe Starck, Kartell, and Autodesk, a 3D software company, the first chair designed using artificial intelligence and put into production was presented at Milan Design Week. The Chair Project is another collaboration that explores co-creativity between people and machines.

Recipes

The creativity of AI is also transforming the kitchen not only by altering longstanding recipes but also creating entirely new food combinations in collaborations with some of the biggest names in the food industry. Our favorite libations might also get an AI makeover. You can now pre-order AI-developed whiskey. Brewmasters decisions are also being informed by artificial intelligence. MITs Computer Science and Artificial Intelligence Laboratory (CSAIL) is making use of all those photos of the food that we post on social media. By using computer vision, these food photos are being analyzed to better understand peoples eating habits as well as to suggest recipes with the food that is pictured.

Write Novels and Articles

Even though the amount of written material to inform artificial intelligence algorithms is voluminous, writing has been a challenging skill for AI to acquire. Although AI has been most successful in generating short-form formulaic content such as journalism "who, what, where, and when stories," its skills continue to grow. AI has now written a novel, and although neural networks created what many might find a weird read, it was still able to do it. And, with the announcement a Japanese AI programs short-form novel almost won a national literary prize, its easy to see how it wont be long before AI can compete with humans to write compelling pieces of content. Kopan Page published Superhuman Innovation, a book not only about artificial intelligence but was co-written by AI. PoemPortraits is another example of AI and human collaboration where you can provide the algorithm with a single word that it will use to generate a short poem.

As the world of AI and human creativity continue to expand, its time to stop worrying about if AI can be creative, but how the human and machine world can intersect for creative collaborations that have never been dreamt of before.

You can watch the full interview with Marcus du Sautoy here:

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Can Machines And Artificial Intelligence Be Creative? - Forbes

Global Healthcare Artificial Intelligence Market was Estimated to Grow at 25.9% CAGR During the Forecast Period Due to the Rising Adoption of…

Healthcare artificial intelligence market is estimated to be US$ 3,120 Mn in 2018 and is anticipated to grow at a CAGR of 25.9% over the forecast period owing to digitalization of medical device and patient registries

PUNE, India, March 5, 2020 /PRNewswire/ --In terms of revenue, the global healthcare artificial intelligence market is estimated to be US$ 3,120 Mn in 2018 and is anticipated to reach US$ 24,700 Mn by 2027 growing at a CAGR of 25.9% over the forecast period.

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The increasing use of electronic patient registry and medical device registries is leading to generation of potential datasets for application of AI technologies and deriving predictive insights. Electronic patient registry or electronic health record (EHR) are used by hospitals and clinics to collect observational medical data of their patients. This data is collected and analyzed by a web-based software and can be made available to the medical community, government agencies and research organizations as per their requirement. It allows professionals in healthcare and other industries to analyze available treatments and how patients with various characteristics and medical history respond to these treatments. In a similar way, medical device registry is used to collect, store and retrieve data to medical devices and equipment used for healthcare delivery. The trend of electronically storing patient and device data in healthcare sector has been witnessing growth in past few years due to the digital revolution.

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Major players such as McKesson Corporation, IBM and others have introduced their EHR products. The rising adoption of electronic patient and medical device registry has led to generation of huge datasets which can be optimally utilized for analytical predictive purposes. AI and advanced analytics enable healthcare providers to extract patient-specific information from connected medical devices instead of having to analyze large, time-consuming and complicated datasets, thus propelling the growth of global healthcare artificial intelligence market. Such specific patient information can aid them to offer personalized medicines and diagnostics. For instance, Qualetics Data Machines Inc. offers an intelligence platform for healthcare industry which provides incisive insights using artificial intelligence, machine learning, natural language processing and predictive analysis coupled with data obtained from patient registries.

In other such instance, Saykara, Inc. has developed an AI based virtual assistant for physicians utilizing speech recognition technology, which listens in the background during attending any patient and automatically generates notes which is later updated in the EHR system. These application of AI technologies in combination with EHR systems are enhancing healthcare delivery and user experience thus enhancing the growth of global healthcare artificial intelligence market. Going forward deployment of patient and medical device registries on cloud platform further deepens the market penetration of these electronic registries thus creating extensive potential application for AI technologies. For instance, SyTrue in partnership with Microsoft has introduced Azure, cloud platform of Microsoft, based solution to manage health records through natural language processing technology. Thus, growing digitalization of patient and medical device registries are expected to boost the growth of global healthcare artificial intelligence market globally.

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The detailed research study provides qualitative and quantitative analysis of healthcare artificial intelligence market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Global Healthcare Artificial Intelligence Market:

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Global Healthcare Artificial Intelligence Market was Estimated to Grow at 25.9% CAGR During the Forecast Period Due to the Rising Adoption of...

The Temptations: Will Artificial Intelligence Ever Replace Broadway Shows? – Grit Daily

Last week I went to the Imperial Theater to see Aint Too Proud, a biography in song and dance of the ultimate Motown supergroup, The Temptations. It was one of the many Broadway shows that are often overlooked in favor of heavy hitters like Cats or Wicked, but is still entertaining nonetheless.

The performance reminded me of why people go to Broadway in the first place. The music, the dancing, the acting, and the story, surprisingly, are all secondary.

The real reason we go to the theater is to experience the energy and joy of the performers who are right in front of us, operating on that tightrope where there are no second chances, no explanations or forgiveness for forgetting ones lines or moves, and instead the excitement and thrill of watching individuals living their dreams and demonstrating the greatness of the human spirit, just for us, right before our very eyes.

Theres nothing necessarily easy about getting to Broadway. First, youve got to get tickets, and two tickets to any Broadway show costs about the same as a year of Netflix or Disney Plus. Next, youve got to make your way to Midtown Manhattan, an increasingly difficult chore, since Mayor de Blasio has all but outlawed private vehicles and, somehow, made traffic even worse than ever.

Then theres the experience of being in the theater at Broadway shows, which is not how most people consume their entertainment these days. When youre at home, nobody glares at you if you leave your phone on and it beeps, buzzes, or trills. You can get up and go to the bathroom anytime, not just before or after the show, in a line of fifty strangers equally desperate to pee.

At home, on the couch, you dont have to wrestle a stranger for control of an armrest. You can sprawl as much as you like, with no one to lean on you, breathe on you, or block your view.

And yet.

When we think about the term virtual, as in virtual reality, we tend to forget that the real meaning of virtue comes from the Latin word for truth. Virtual reality is, in fact, a bit of a dirty lie. Its neither virtual (truthful) nor is it real. The performers arent sharing the same space with you.

They had countless takes in order to get their songs, dances, or emoting exactly the way they want it. If a note, or a dance step, or an entrance, or anything gets flubbed, no problem.

Take two.

Producers on Broadway shows are a smart lot. They understand that their mission in life is to give the people what they want, and above all, thats a rollicking good time. Even if you cannot pee on-demand or check your phone without experiencing the opprobrium of those around you. And if you dont like what youre watching, theres nothing else on.

Youre stuckliterally in the middle of the row and figuratively, as theres no other channel, website, or video to which you can turn. So its easy to make the case for what really shouldnt be called virtual reality and should actually be referred to as a bunch of stuff caught on video.

That said, Im hoping youll do what I did: Make your way into trafficky, crowded Midtown, pay too much for dinner, pay just enough to get good seats, and wedge yourself in between a couple of strangers and arm wrestle with them for dominance on the seat dividers, and enjoy the show.

As for The Temptations itself, if youre going to see one Broadway show, as the expression goes, you really ought to get out more often. But if you are going to see one, make it this one.

The perfection of the performance, the awesome quality of the music, the thrill of the dancing, mic tosses, and splitsyou cant get that on YouTube. Okay, yeah, you can, but you wont breathe the same air as the performers.

And if there are any performers with whom youshould share air and space, its the men and women of the cast and band of Aint Too Proud.

You can always pick up your device again afterthe show.

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The Temptations: Will Artificial Intelligence Ever Replace Broadway Shows? - Grit Daily

UH Hilo receives $500K grant to research artificial intelligence interaction with humans – UH System Current News

Travis Mandel (Photo credit: Raiatea Arcuri)

A computer scientist at the University of Hawaii at Hilo is the recipient of a more than half-a million-dollar grant from the National Science Foundation aimed at developing new techniques in artificial intelligence (AI). Assistant Professor Travis Mandel, an AI expert, will use the prestigious $549,790 award to enhance research based on human-in-the-loop AI. The techniques are based on how AI and machine learning systems collaborate with humans to solve real-world problems too challenging for either to address alone.

The goal of this project is to create new algorithms and interaction paradigms that enable humans and artificial intelligence systems to work together, leveraging each others strengths to collect better data, Mandel said.

The National Science Foundation award is expected to have a major impact on research and education on Hawaii Island. The hope is to drive increased interest in science and technology at UH Hilo and showcase the universitys emerging data science program.

Im particularly excited about the opportunities this grant will provide for our talented and hardworking undergraduate students to get involved in cutting-edge computer science and data science research, Mandel said. The project also includes components that integrate research and education, such as building new data science curriculum and developing interactive video game exhibits at Imiloa Astronomy Center and the Hawaii Science and Technology Museum.

For more go to UH Hilo Stories.

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UH Hilo receives $500K grant to research artificial intelligence interaction with humans - UH System Current News