Bitcoin Cash Price Analysis: BCH/USD in reversal after an action packed weekend – FXStreet

Bitcoin Cash has an incredible trading session over the weekend and especially on Sunday. Looking at last week's trading activity, BCH plunged to lows under $300 on Friday. Bullish action on the same day pulled Bitcoin Cash above $320. However, resistance mainly from the 50 SMA on the 1-hour chart stopped the bullish action and opened the door for a retracement back to $300.

The price action on Sunday was arguably impressive with Bitcoin Cash not only defending the support at $300 but also reviving the gains toward $400. Hurdles such as the 50 SMA, $32, the 100 SMA around $330 and $340 caved in allowing for more gains. Bitcoin Cash stepped above $360 but could not sustain gains towards $400.

At the time of writing, BCH is trading has managed to hold onto 13% gains made in the last 24 hours. It is teetering at $352 but also nurturing a reversal movement. It is essential that $350 comes out as a formidable support area to prevent a possible dip in the direction of $300.

The oversold condition of the RSI is contributing to the reversal movement. Besides, sellers seem to be gaining momentum supported by the declining MACD. For now, the path of least resistance is downwards.

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Bitcoin Cash Price Analysis: BCH/USD in reversal after an action packed weekend - FXStreet

Bitcoin and Altcoins Target Fresh Monthly Highs – Cryptonews

This past week, there was a substantial downside correction in bitcoin price below the USD 8,650 and USD 8,550 support levels. BTC/USD found support near the USD 8,250 level and recently started a fresh increase above the USD 8,550 pivot level. However, the price is facing hurdles near USD 8,650 and USD 8,800.

Similarly, there was a decent upward move in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is now (09:00 UTC) trading above the USD 165 level. Besides, XRP/USD broke the USD 0.225 resistance, but facing many barriers near USD 0.228 and USD 0.230.

Total market capitalization

After correcting lower, bitcoin price found support near the USD 8,250 level. Later, BTC/USD started an upward move and broke the USD 8,400 and USD 8,550 resistance levels. At the moment, it is facing resistance near the USD 8,650 level.The main weekly resistance is still near the USD 8,850 level, above which bitcoin price is likely to rise sharply. The next major hurdle is near the USD 9,200 and USD 9,300 levels. On the downside, the key weekly support is near USD 8,250, below which the bears are likely to take control.

Ethereum price stayed above the USD 160 support level and recently recovered above USD 162 and USD 165. ETH/USD might continue to rise, but there is a major resistance waiting near the USD 170 level. A successful close above the USD 170 could push the price towards USD 180.If the price fails to continue above USD 170, it could decline back towards USD 162. The main support is near the USD 158 level, below which the bears are likely to aim a test of USD 150.

Bitcoin cash price rallied more than 12% and broke many hurdles near the USD 340 and USD 350 levels. BCH/USD is likely to continue higher above the USD 360 level in the near term. The next major resistance is near the USD 385 zone. On the downside, the bulls are likely to protect the USD 330 support area.Litecoin started a slow and steady recovery above the USD 52.50 and USD 54.00 levels. LTC/USD broke the USD 55.50 resistance and it is likely to accelerate higher in the coming sessions. The next key resistance is near USD 58.50, followed by USD 60.00.XRP price managed to stay above the USD 0.215 and USD 0.220 support levels. XRP/USD climbed above the USD 0.225 resistance and it is currently facing hurdles near USD 0.228. The main hurdles are near the USD 0.230 and USD 0.232 levels, above which the bulls are likely to target the USD 0.245 level. On the downside, the main weekly supports are near USD 0.215 and USD 0.210.

In the past three sessions, a few small capitalization altcoins gained more than 10%, including DRG, BTG, QNT, CENNZ, ETC, ICX and BCD. Out of these, DRG is up around 20% and BTG gained nearly 18%.

Overall, bitcoin price is still showing a few positive signs above the USD 8,400 and USD 8,550 levels. However, BTC/USD needs to reclaim the USD 8,850 level to continue higher towards USD 9,300 or even USD 9,500. If not, the price could decline back towards USD 8,000._____

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Bitcoin and Altcoins Target Fresh Monthly Highs - Cryptonews

Bitcoin Cash Just Broke $350 and $400 Seems Imminent: Heres Why – newsBTC

Bitcoin cash price started a strong rally from $300 and it gained more than 15%, whereas BTC is struggling near $8,700. BCH/USD could continue to rise towards $400 in the near term.

After getting rejected near $405, bitcoin cash price started a strong downside correction. BCH declined nearly $100 before the bulls took a stand near the $300 support.

A swing low is formed near $300 and the price restarted its upward move. It broke a major resistance area near the $320 level and the 100 simple moving average (4-hours) to move into a positive zone.

Moreover, there was a break above a major declining channel with resistance near $324 on the 4-hours chart of the BCH/USD pair. It opened the doors for more gains above the 50% Fib retracement level of the key decline from the $404 high to $299 swing low.

Bitcoin Cash Price

Bitcoin cash price is now above the $350 level, but it is now facing a strong resistance near $365. It represents the 61.8% Fib retracement level of the key decline from the $404 high to $299 swing low.

If there is a successful break above the $365 resistance, the price is likely to continue higher towards the main $400 resistance area in the near term

There are slight chances of a minor correction if BCH bulls struggle to push the price above $365 resistance. In the mentioned case, an initial support is near the $350 level.

If there is an extended downside correction, bitcoin cash price might dive towards the $330 support. The main buy zone for the bulls is near the $320 level and the 100 simple moving average (4-hours).

Technical indicators

Hourly MACD The MACD for BCH/USD is currently gaining strong pace in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BCH/USD is now well above the 50 level, with a bullish angle.

Key Support Levels $350 and $330.

Key Resistance Levels $365 and $400.

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Bitcoin Cash Just Broke $350 and $400 Seems Imminent: Heres Why - newsBTC

Bitcoin Saw a Mega Rejection at $9,200, And It Should be Worrisome for Bulls – newsBTC

Over the past few days, Bitcoin (BTC) has stalled, finding itself between a rock and a hard place. Many analysts are currently undecided where the cryptocurrency will go in the next few weeks, though one top trader recently noted that BTCs price action at $9,200 could be a precursor to more downside.

In the wake of Bitcoins flash crash at $9,200 last week, Haejin noted that this represented a mega rejection on a daily basis. He specifically looked to the fact that BTC saw a bearish retest of the 200-day moving average, collapsed out of a multi-week rising wedge, and failed to surmount key macro resistance three signs showing bears remain decisively in control.

So what does this mega rejection mean for Bitcoin per Haejin? Well, it fulfills a bearish fractal that the commentator laid out.

Per previous reports from NewsBTC, this Haejin last week pointed out that Bitcoins price action since the $14,000 top in June is eerily reminiscent of that seen in the 2018 bear market, with both cycles seeing a downward price channel, an upward wedge-formed false breakout (like the one we just saw), declining volume, and signs of capitulation.

Haejinthen added that if BTC follows the exact path it did in 2018, the price will soon collapse back to the $6,000s, then Bitcoin will capitulate in March or April to fall as low as $3,300 by the time of the halving.

Although this rising wedge breakdown is notably bearish, analysts havent given up hope that bulls will eventually step in, negating the aforementioned fractal analysis.

Just this week, analyst Filb Filb who notably called Bitcoins flash pump to the $9,000s and crash to the $6,000s in late-2019 wrote in a recent newsletter that he is bullish on BTC heading into the block reward reduction or halving slated to take place in May:

Overall, Bitcoin is exactly where [I] anticipated; slowly grinding up towards previous resistance Im very much of the opinion that Bitcoin will reach to at least $12,500 level before the halving.

As to why $12,500 makes sense, he noted that that is the top target for a bullish inverse head and shoulders chart that is forming on a medium-term basis for Bitcoin.

Theres also Financial Survivalism, a trader who in December called BTCs move into the $8,000s and $9,000s we just saw, explained in an extensive TradingView post that he thinks that BTC is on track to hit $20,000 by July 1st.

Survivalism cited a flurry of strong technical factors and the impending halving.

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Bitcoin Saw a Mega Rejection at $9,200, And It Should be Worrisome for Bulls - newsBTC

Reporters Face New Threats From the Governments They Cover – The New York Times

When Julian Assange, the WikiLeaks founder, was charged last year by the Trump administration in connection with the publication of secret United States government documents nearly a decade earlier, many journalists expressed deep concern about the dangerous precedent the case could set for investigative reporting in America.

But few seemed to consider that the case might also serve as a model for other nations eager to clamp down on press freedom.

On Tuesday, Glenn Greenwald, an American journalist living and working in Brazil, was charged, in a criminal complaint brought by Brazilian prosecutors, with cybercrimes in connection with his stories on private messages among Brazilian officials that revealed corruption and abuses at the highest levels of the government. Brazilian prosecutors asserted that Mr. Greenwald was part of a criminal organization that hacked the cellphones of government officials. He has denied the charges. (Full disclosure: Mr. Greenwald is a co-founder of The Intercept, where I work as a reporter; I also run the First Look Press Freedom Defense Fund, part of the nonprofit organization that includes The Intercept.)

The case against Mr. Greenwald is eerily similar to the Trump administrations case against Mr. Assange. Last April, the Justice Department charged Mr. Assange with aiding a source, the former Army intelligence analyst Chelsea Manning, to gain access to a United States military computer database. In May 2019, the charges against him were broadened, and he was indicted under the Espionage Act in connection with the publication of American military and diplomatic documents by WikiLeaks.

Both cases are based in part on a new prosecutorial concept that journalism can be proved to be a crime through a focus on interactions between reporters and their sources. Prosecutors are now scrutinizing the processes by which sources obtain classified or private information and then provide it to journalists. Since those interactions today are largely electronic, prosecutors are seeking to criminalize journalism by turning to anti-hacking laws to implicate reporters in the purported criminal activity of their sources in gaining access to data on computers or cellphones without authorization.

This blunt approach gives the government enormous leverage over journalists and, in the United States, provides them with a detour around First Amendment concerns. If these cases become templates that prosecutors in the United States and other nations follow, virtually every investigative reporter will become vulnerable to criminal charges and imprisonment.

Both the Trump administration and the right-wing Brazilian government of President Jair Bolsonaro seem to have decided to experiment with such draconian anti-press tactics by trying them out first on aggressive and disagreeable figures.

In fact, by the time of his indictment last year, there was still an ongoing debate within the media about whether Mr. Assange should even be considered a journalist at all.

In 2010, when WikiLeaks began publishing the huge leaks of United States government documents it had obtained from Ms. Manning, Mr. Assange suddenly emerged as a strange new player in the modern journalistic landscape. Under his leadership, WikiLeaks both published the documents itself and also shared many of the leaked documents with other major news organizations, including The New York Times.

Mr. Assange was both a publisher and an intermediary between sources and reporters, which made it difficult to define his journalistic role. His later involvement in the Trump-Russia case in 2016, WikiLeaks obtained and released emails and other documents from the Clinton presidential campaign and the Democratic National Committee from a hacker believed to be a front for Russian intelligence transformed Mr. Assange into an even more incendiary character with little public support. (The federal charges against Mr. Assange are not related to his involvement in the 2016 campaign.)

Mr. Greenwald revels in his divisiveness and his disdain for the mainstream media, and he and I have publicly clashed over our differing views of the Trump-Russia case. But he is also a zealous journalist who came to prominence in 2013 for his Pulitzer Prize-winning coverage of a giant trove of documents from the National Security Agency that were leaked by the former N.S.A. contractor Edward Snowden.

Last year, Mr. Greenwald obtained another big leak, the private messages of Brazilian government officials concerning a major corruption case in Brazil that had led to the conviction of the former Brazilian president Luiz Incio Lula da Silva.

Mr. Greenwalds reporting revealed that the investigation that led to Mr. da Silvas conviction was deeply politicized and corrupt. The stories were explosive in Brazil, and ultimately helped lead to Mr. da Silvas release from prison in November.

But Mr. Greenwalds reporting enraged President Bolsonaro, who had been leveling threats against the journalist for months before the complaint issued on Tuesday.

In an interview with me on Thursday, Mr. Greenwald agreed that there are parallels between his case and Mr. Assanges, and added that he doesnt believe that Mr. Bolsonaro would have taken action against an American journalist if he had thought President Trump would oppose it.

Bolsonaro worships Trump, and the Bolsonaro government is taking the signal from Trump that this kind of behavior is acceptable, he said.

The State Department has not issued any statement of concern about Brazils case against Mr. Greenwald, which in past administrations would have been common practice.

This is all about targeting reporters who are publishing information that is embarrassing, and not like the 90 percent of the leaks coming out of Washington that are official leaks designed to support the people in power, said Joshua Dratel, a criminal defense attorney in New York who has represented prominent whistle blowers and who also represented WikiLeaks in a civil suit brought against it by the Democratic National Committee.

In fact, Mr. Trumps anti-press rhetoric and actions have encouraged authoritarian regimes around the world to prosecute and jail journalists, and to impose new anti-press laws and other measures designed to curtail negative coverage.

Joel Simon, the executive director of the Committee to Protect Journalists, said in an interview that one of the latest tactics spreading around the globe is the creation of vaguely worded fake news laws that criminalize news that government officials deem to be wrong. Fake news is, of course, a phrase that Mr. Trump has helped popularize.

Qatar just promulgated a fake news law this week, Mr. Simon said, noting that Singapore also has one. These fake news laws are absolutely correlated with the Trump administration.

The most tragic evidence that Mr. Trump is enabling a global crackdown on the press has been his failure to hold Saudi Arabias leader, Crown Prince Mohammed bin Salman, accountable for the brutal 2018 murder of the Washington Post journalist Jamal Khashoggi. The Trump administration is an accessory after the fact to the Khashoggi murder, Mr. Simon said.

While the Bush and Obama administrations were inconsistent on press issues, they were still willing to discuss concerns about press freedom with another country in the framework of the bilateral relationship, he added. Thats gone now with Trump.

It will be tragic if journalists shrug off the attack on the contrarian Mr. Greenwald and dont see his case for what it truly signifies that Trump-like attacks on the press are spreading like a virus around the globe.

James Risen is the senior national security correspondent for The Intercept. As a reporter for The New York Times, he and another former Times reporter, Eric Lichtblau, received the 2006 Pulitzer Prize for national reporting on secret domestic eavesdropping by the federal government.

The Times is committed to publishing a diversity of letters to the editor. Wed like to hear what you think about this or any of our articles. Here are some tips. And heres our email: letters@nytimes.com.

Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.

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Reporters Face New Threats From the Governments They Cover - The New York Times

Expert: Don’t overlook security in rush to adopt AI – The Winchester Star

MIDDLETOWN Lord Fairfax Community College hosted technologist Gary McGraw on Wednesday night. He spoke of the cutting edge work being done at the Berryville Institute of Machine Learning, which he co-founded a year ago.

The talk was part of the colleges Tech Bytes series of presentations by industry professionals connected to technology.

The Berryville Institute of Machine Learning is working to educate tech engineers and others about the risks they need to think about while building, adopting and designing machine learning systems. These systems involve computer programs called neural networks that learn to perform a task such as facial recognition by being trained on lots of data, such as by the use of pictures, McGraw said.

Its important that we dont take security for granted or overlook security in the rush to adopt AI everywhere, McGraw said.

One easily relatable adaptation of this technology is in smartphones, which are using AI to analyze conversations, photos and web searches, all to process peoples data, he said.

There should be privacy by default. There is not. They are collecting your data you are the product, he said.

The institute anticipates within a week or two releasing a report titled An Architectural Risk Analysis of Machine Learning Systems in which 78 risks in machine learning systems are identified.

McGraw told the audience that, while not interchangeable terms, artificial intelligence and machine learning have been sold as magic technology that will miraculously solve problems. He said that is wrong. The raw data used in machine learning can be manipulated and it can open up systems to risks, such as system attacks that could compromise information, even confidential information.

McGraw cited a few of those risks.

One risk is someone fooling a machine learning system by presenting malicious input of data that can cause a system to make a false prediction or categorization. Another risk is if an attacker can intentionally manipulate the data being used by a machine learning system, the entire system can be compromised.

One of the most often discussed risks is data confidentiality. McGraw said data protection is already difficult enough without machine learning. In machine learning, there is a unique challenge in protecting data because it is possible that through subtle means information contained in the machine learning model could be extracted.

LFCC Student Myra Diaz, who is studying computer science at the college, attended the program.

I like it. I am curious and so interested to see how can we get a computer to be judgmental in a positive way, such as judging what it is seeing, Diaz said.

Remaining speakers for this years Tech Bytes programs are:

6 p.m. Feb. 19: Kay Connelly, Informatics.

1 p.m. March 11:Retired Secretary of the Navy Richard Danzig

6 p.m. April 8: Heather Wilson, Analytics, L Brands

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Expert: Don't overlook security in rush to adopt AI - The Winchester Star

Technologies of the future, but where are AI and ML headed to? – YourStory

Today, when we look around, the technological advances in recent years have been immense. We can see driverless cars, hands-free devices that can turn on the lights, and robots working in factories, which prove that intelligent machines are possible.

In the last four years in the Indian startup ecosystem, the terms that were used (overused rather) more than funding, valuation, and exit were artificial intelligence (AI) and machine learning (ML). We also saw investors readily putting in their money in startups that remotely used or claimed to use these emerging technologies.

From deeptech, ecommerce, fintech, and conversational chatbots to mobility, foodtech, and healthcare, AI and ML have transformed most industry sectors today.

The industry has swiftly moved from asking programmers to feed tonnes of code to the machine to acquiring terabytes of data and crunching it to build relevant logic.

Sameer Dhanrajani, chief strategic officer of analytics startup Fractal Analytics, says,

A subset of artificial intelligence, machine learning allows systems to make predictions and crucial business decisions, driven by data and pattern-based experiences. Without humans having to intervene, the algorithms that are fed to the systems are helping them develop and improve their own models and understanding of a certain use-case.

According to a study carried out by Analytics India and AnalytixLabs, the Indian data analytics market is expected to double its size by 2020, with about 24 percent being attributed to Big Data. It said that almost 60 percent of the analytics revenue across India comes from exports of analytics to the USA. Domestic revenue accounts for only four percent of the total analytics revenue across the country.

The BFSI industry accounts for almost 37 percent of the total analytics market while generating almost $756 million. While marketing and advertising comes second at 26 percent, ecommerce contributes to about 15 percent.

At present, the average paycheck sizes of AI and ML engineers in India start from Rs 10 lakh per annum and the maximum cap often crosses Rs 50 lakh per annum.

According to a report by Great Learning, an edtech startup for professional education, India is expected to see 1.5 lakh new openings in Data Science in 2020, an increase of about 62 percent as compared to that of 2019. Currently, 70 percent of job postings in this sector are for Data Scientists with less than five years of work experience.

Shantanu Bhattacharya, a data scientist at Locus, had told YourStory earlier about the phenomenon, and opined that it is wrong to look at machine learning as a tool or a career path, and that it is only a convenient means to develop training models to solve problems in general.

The fluid nature of data science allows people from multiple fields of expertise to come and crack it. Shantanu believes if JRR Tolkien, being the brilliant linguist that he was, pursued data science to develop NLP models, he would have been the greatest NLP expert ever, and that is the kind of liberty and scope data science offers.

Needless to say, AI and ML have the scope to exponentially amplify the profitability and efficiency of a business by automating many tasks. And naturally, the trend has spread its wings to the jobs market where the dire need for experts and engineers in these technologies is only going up, and does not seem to slow down.

Thanks to the hefty paychecks and faster career growth, the role of machine learning engineers has claimed the top spot in job portals.

Hari Krishnan Nair, the co-founder of Great Learning, says,

For a country like India, acquiring new skills is not something of a luxury but a necessary requirement, and the trends of upskilling and reskilling are also currently on the rise to complement with the same. But data science, machine learning, and artificial intelligence are those fields where mere book-reading and formulaic interpretation and execution just does not cut it.

If one aspires to have a competitive career in futuristic technologies, machine learning and data science have a larger spectrum of required understanding of probability, statistics, and mathematics on a fundamental level.

To break the myths around programmers and software developers entering this market, machine learning involves understanding of basic programming languages (Python, SQL, R), linear algebra and calculus, as well as inferential and descriptive statistics.

Siddharth Das, Founder of Univ.ai, an early stage edtech startup that focuses on teaching these tools, says,

For a business world that thrives on data and its leverage, the science around it is where the employment economy is moving towards. While the youth of the country is anxious how rapid their upskilling rate is ought to be, it is no easy mountain to climb to rightfully master the art of data science, which it is often referred to as.

Most professionals say it is a consistent routine of learning for almost six to eight months, to be an expert in this field. During this time, when the industry is almost on the verge of fully migrating to NLP and Neural Networks, which are a significant part of future deep-tech, now is more than a better time to start learning machine learning.

With rapidly changing technological paradigms, predicting how the world is going to run is something close to impossible. And being prepared for anything is the best one can manage with, at the moment.

(Edited by Megha Reddy)

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Technologies of the future, but where are AI and ML headed to? - YourStory

Artificial Intelligence: What Educators Need to Know …

Commentary

Photo by Michael Langan

ByOren Etzioni & Carissa Schoenick

Editors Note: This Commentary is part of a special report exploring game-changing trends and innovations that have the potential to shake up the schoolhouse.Read the full report: 10 Big Ideas in Education.

Artificial intelligence is a rapidly emerging technology that has the potential to change our everyday lives with a scope and speed that humankind has never experienced before. Some well-known technology leaders such as Tesla architect Elon Musk consider AI a potential threat to humanity and have pushed for its regulation "before it's too late"an alarmist statement that confuses AI science with science fiction. What is the reality behind these concerns, and how can educators best prepare for a future with artificial intelligence as an inevitable part of our lives?

General, widespread legislative regulation of AI is not going to be the right way to prepare our society for these changes. The AI field is already humming with a wide variety of new research at an international scale, such that blindly constraining AI research in its early days in the United States would only serve to put us behind the global curve in developing the most important technology of the future. It is also worth noting that there are many applications of AI currently under development that have huge potential benefits for humanity in the fields of medicine, security, finance, and personal services; we would risk a high human and economic cost by slowing or stopping research in those areas if we hastily impose premature, overbearing, and poorly understood constraints.

Oren Etzioni & Carissa Schoenick are CEO and senior program manager at the Allen Institute for Artificial Intelligence, respectively.

Based in Seattle, Etzioni is a professor of computer science at the University of Washington; Schoenick was previously a program manager for Amazon Web Services and for the computational knowledge project WolframAlpha.

The most impactful way to shape the future of AI is not going to be through the regulation of research, but rather through understanding and correctly controlling the tangible impacts of AI on our lives. For example, it is our belief that AI should not be weaponized, and that humans should always have the ultimate "off switch." Beyond these obvious limitations, there are three rules we propose for AI that can be meaningfully applied now to mitigate possible future harm.

An AI system:

1) Must always respect the same laws that apply to its creators and operators;

2) Must always disclose that it is not human whenever it interacts with another entity;

3) Should never retain or share confidential information without explicit approval from the source.

These rules are a strong practical starting point, but to successfully navigate the new world AI will bring about in the coming decades, we're going to need to ensure that our children are learning the skills required both to make sense of this new human-machine dynamic and to control it in the right ways. All students today should be taught basic computer literacy and the fundamentals behind how an AI works, as they will need to be comfortable with learning and incorporating rapidly emerging new technologies into their lives and occupations as they are developed.

We will need our future scientists and engineers to be keenly aware that an AI system can only be as good as the data it is given to work with, and that to avoid dangerous bias or incorrect actions, we need to cultivate the right inputs to these systems that fairly cover all possible perspectives and variables. We will need policymakers who can successfully apply the rules suggested above as well as define the new ones we will need as AI continues to proliferate into the various aspects of our lives.

New and different opportunities and values will likely emerge for humans in the economy that AI creates. As AI makes more resources more widely available, we will find less meaning in material wealth and more value in the activities that are uniquely human. This means that occupations with creative and expressive qualities, such as chefs, tailors, organic farmers, musicians, and artists of all types will become more important in an age in which a real human connection is increasingly precious. Roles that directly affect human development and well-being, such as teaching, nursing, and caregiving, will be especially crucial and should be uplifted as excellent options for people whose vocations are otherwise replaced by AI systems. No AI can hope to match a human for true compassion and empathy, qualities that we should be taking extra care to cultivate in our children to prepare them to inherit a world where these characteristics will be more important than ever.

Background

By Benjamin Herold

What will the rise of artificial intelligence mean for K-12 education?

First, AI and related technologies are reshaping the economy. Some jobs are being eliminated, many others are being changed, and entirely new fields of work are opening up. Those changes are likely to have big implications for the job market in 2030, when today's 6th graders are set to hit their prime working years. But the nation's top economists and technologists are sharply divided about whether AI will be a job killer or creator, presenting a big challenge for the educators and policymakers who must prepare today's students to thrive in a very uncertain tomorrow.

Second, artificial intelligence is changing what it means to be an engaged citizen. K-12 education has never been just about preparing young people for jobs; it's also about making sure they're able to weigh arguments and evidence, synthesize information, and take part in the civic lives of their communities and country. But as algorithms, artificial intelligence, and automated decisionmaking systems are being woven into nearly every aspect of our lives, from loan applications to dating to criminal sentencing, new questions and policy debates and ethical quandaries are emerging. Schools are now faced with having to figure out how to teach students to think critically about the role these technologies are playing in our society and how to use them in smart, ethical ways. Plus, in the age of AI, students will likely have to develop a new communication skill: the ability to talk effectively to intelligent machines. Some economists say that skill could be the difference between success and failure in the workplace of the future.

And third, artificial intelligence could play a powerful role in the push to provide more personalized instruction for all studentsand in the process change the teaching profession itself. Intelligent tutoring systems are making inroads in the classroom. New educational software and technology platforms use algorithms to recommend content and lessons for individual students, sometimes pushing teachers away from the front of the classroom and into the role of "coach" or "facilitator." And schools are being flooded with data about their students, information that educators and administrators alike are increasingly expected to use to make real-time decisions and adjustments in the course of their day-to-day work.

Some educators see the rising role of AI as a threat to their existence and a danger to student-data privacy. Others take a more positive view, seeing it as having the potential to free them from mundane tasks like lecturing and grading, creating rich opportunities for continuous improvement, and opening the doors for more meaningful trial-and-error learning by students.

Whatever the perspective, there is one thing most everyone seems to agree on: Now is the time for the K-12 field to start wrestling with the promises and perils of AI.

Vol. 37, Issue 16, Pages 28-29

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Artificial Intelligence: What Educators Need to Know ...

What will artificial intelligence bring in 2020?

As an expert, Im often asked: what will this year bring? I dont have a glass ball to look into the future, or an artificial intelligence (AI)-based system for these kinds of predictions, but there are some interesting trends I certainly want to share.

I will not discuss the growth figures of AI use cases, or whether those not using AI will limp along behind, or whether the AI bubble will burst and a new AI winter will come. Much progress has been made, but not enough to deflect the next hurdle: and that is how to gain knowledge about your business domain with the help of AI.

So, what will AI bring us in the near future? Let me discuss three important topics:

AI is already starting to transform how organizations do business, manage their customer relationships, and stimulate the ideas and creativity that fuel ground-breaking innovation. (Capgemini)

Three years ago, good use cases for machine learning were hard to find. Now, success stories are everywhere. Machine learning, deep learning, neural networks, and all the other variants are now plentiful. So, whatever will happen this year, machine learning is here to stay and, it will become even more successful as more businesses start to use AI for their daily activities.

All these AI algorithms now constitute an integral part of many data-driven tools. For data analysts, using AI is just a click away. But does this imply that AI is used correctly? Im afraid not, because:

But theres more to business processes than task execution. How can we determine if our AI is really an improvement over human-based actions? This is still an open discussion.

Currently, we see machine learning being used in very narrow applications, to make process steps more efficient or to alleviate tedious jobs. But how AI will contribute to a meaningful return on investment has also been a big question, both last year and in 2020.

AI ethics isnt just a feel-good add-on a want but not a need. AI has been called one of the great human rights challenges of the 21st century. (Khari Johnson)

Last year, discussions about the ethics of AI really took off. Though mainly academic, the discussion now focuses not only on the (im)moral consequences of AI, for instance discrimination, job loss, inequality, and so on. The focus now is on values. Is there a thing like AI for good? Do we as a society really want to give decisive powers to machines? And are those machine fair and open? And what about checks and balances?

These discussions do not focus on AI alone. They also concern the use of big data. Smart cities, facial recognition, fraud detection these are all areas where privacy and expedience are to be discussed and assessed. This will require the evaluation of the ethical side from the beginning of the project. Will the ethics of AI be a burdensome duty or a real competitive advantage? I dont know yet.

We will see the rise of ethical frameworks. Just like compliance frameworks for accounting, these frameworks will offer ways of assessing the ethical implications of AI. Like any framework, they are no excuse not to think independently and systematically about AI. Frameworks dont guarantee a good outcome. And the discussion will arise on how to use these frameworks in a business context.

My recent three part blog on ethics (part 1, part 2, part 3) describes an approach to implementing ethics for AI in products, services, and businesses.

Deep learning has instead given us machines with truly impressive abilities but no intelligence. The difference is profound and lies in the absence of a model of reality. (Judea Pearl)

Machine learning, including deep learning and neural networks, is highly successful. These methods are all very good in extracting information from data. Yes, Im aware of the numerous mistakes machine learning makes, and about how machine learning, mostly image recognition, can be fooled. We must learn from these mistakes by improving the algorithms and learning processes. But AI of far more than machine learning alone. Cognitive Computing, Symbolic AI and Contextual Reasoning are also AI. We need to re-evaluate the use of these other AI- techniques for our applications.

This year, well continue to open the black box of machine learning. The algorithms will, through interpretable machine learning, provide insights into how they reached their decisions. But AI in a business context will not be able to evaluate the correctness and fairness of the decisions.

Machine learning is good at extracting information from data, but its lousy at extracting knowledge from information. For data to become information, it must be contextualized, categorized, calculated, and condensed. Information is key for knowledge. Knowledge is closely linked to doing and implies know-how and understanding. This raises the decades-old philosophical question of AI: Do AI systems really understand what they are doing?

Without visiting John Searles Chinese Room again, I truly think that the next step in AI can only be taken once we incorporate some level of knowledge or understanding of AI. In order to do that, well have to take another step toward human-like AI. For example, by using symbolic AI (or classical AI). This is the branch of AI research that concerns itself with attempting to explicitly represent human knowledge in a declarative form (i.e., facts and rules). Combining these older techniques with neural networks in a hybrid form, will take AI even further. This means that causation, knowledge representation, and so on are key factors necessary to take AI to the next level a next level that will be even more exciting than the achievements AI has reached this year.

For more information on this connect with Reinoud Kaasschieter.

Originally posted here:
What will artificial intelligence bring in 2020?

AI, emerging technologies to replace 69% of managerial …

By 2024, artificial intelligence (AI) and emerging technologies such as virtual personal assistants and chatbots will replace almost 69 per cent of the manager's workload, predicts research and advisory firm Gartner, Inc.

Such technologies are rapidly making headway into the workplace, Gartner said.

"The role of manager will see a complete overhaul in the next four years," said Helen Poitevin, research vice- president at Gartner, in a statement.

"Currently, managers often need to spend time filling in forms, updating information and approving workflows. By using AI to automate these tasks, they can spend less time managing transactions and can invest more time on learning, performance management and goal setting," she said.

AI and emerging technologies will undeniably change the role of the manager and will allow employees to extend their degree of responsibility and influence, without taking on management tasks, Gartner said.

Application leaders focused on innovation and AI are now accountable for improving worker experience, developing worker skills and building organisational competency in responsible use of AI, it was noted.

"Application leaders will need to support a gradual transition to increased automation of management tasks as this functionality becomes increasingly available across more enterprise applications, said Poitevin.

Nearly 75 per cent of heads of recruiting reported that talent shortages will have a major effect on their organisations, according to Gartner.

Enterprises have been experiencing critical talent shortage for several years.

Organisations need to consider people with disabilities, an untapped pool of critically skilled talent.

Today, AI and other emerging technologies are making work more accessible for employees with disabilities.

Gartner estimates that organisations actively employing people with disabilities have 89 per cent higher retention rates, a 72 per cent increase in employee productivity and a 29 per cent increase in profitability.

In addition, Gartner said that by 2023, the number of people with disabilities employed will triple, due to AI and emerging technologies reducing barriers to access.

"Some organisations are successfully using AI to make work accessible for those with special needs," said Poitevin.

"Restaurants are piloting AI robotics technology that enables paralysed employees to control robotic waiters remotely. With technologies like braille-readers and virtual reality, organisations are more open to opportunities to employ a diverse workforce," she said.

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AI, emerging technologies to replace 69% of managerial ...