The Prometheus League
Breaking News and Updates
- Abolition Of Work
- Ai
- Alt-right
- Alternative Medicine
- Antifa
- Artificial General Intelligence
- Artificial Intelligence
- Artificial Super Intelligence
- Ascension
- Astronomy
- Atheism
- Atheist
- Atlas Shrugged
- Automation
- Ayn Rand
- Bahamas
- Bankruptcy
- Basic Income Guarantee
- Big Tech
- Bitcoin
- Black Lives Matter
- Blackjack
- Boca Chica Texas
- Brexit
- Caribbean
- Casino
- Casino Affiliate
- Cbd Oil
- Censorship
- Cf
- Chess Engines
- Childfree
- Cloning
- Cloud Computing
- Conscious Evolution
- Corona Virus
- Cosmic Heaven
- Covid-19
- Cryonics
- Cryptocurrency
- Cyberpunk
- Darwinism
- Democrat
- Designer Babies
- DNA
- Donald Trump
- Eczema
- Elon Musk
- Entheogens
- Ethical Egoism
- Eugenic Concepts
- Eugenics
- Euthanasia
- Evolution
- Extropian
- Extropianism
- Extropy
- Fake News
- Federalism
- Federalist
- Fifth Amendment
- Fifth Amendment
- Financial Independence
- First Amendment
- Fiscal Freedom
- Food Supplements
- Fourth Amendment
- Fourth Amendment
- Free Speech
- Freedom
- Freedom of Speech
- Futurism
- Futurist
- Gambling
- Gene Medicine
- Genetic Engineering
- Genome
- Germ Warfare
- Golden Rule
- Government Oppression
- Hedonism
- High Seas
- History
- Hubble Telescope
- Human Genetic Engineering
- Human Genetics
- Human Immortality
- Human Longevity
- Illuminati
- Immortality
- Immortality Medicine
- Intentional Communities
- Jacinda Ardern
- Jitsi
- Jordan Peterson
- Las Vegas
- Liberal
- Libertarian
- Libertarianism
- Liberty
- Life Extension
- Macau
- Marie Byrd Land
- Mars
- Mars Colonization
- Mars Colony
- Memetics
- Micronations
- Mind Uploading
- Minerva Reefs
- Modern Satanism
- Moon Colonization
- Nanotech
- National Vanguard
- NATO
- Neo-eugenics
- Neurohacking
- Neurotechnology
- New Utopia
- New Zealand
- Nihilism
- Nootropics
- NSA
- Oceania
- Offshore
- Olympics
- Online Casino
- Online Gambling
- Pantheism
- Personal Empowerment
- Poker
- Political Correctness
- Politically Incorrect
- Polygamy
- Populism
- Post Human
- Post Humanism
- Posthuman
- Posthumanism
- Private Islands
- Progress
- Proud Boys
- Psoriasis
- Psychedelics
- Putin
- Quantum Computing
- Quantum Physics
- Rationalism
- Republican
- Resource Based Economy
- Robotics
- Rockall
- Ron Paul
- Roulette
- Russia
- Sealand
- Seasteading
- Second Amendment
- Second Amendment
- Seychelles
- Singularitarianism
- Singularity
- Socio-economic Collapse
- Space Exploration
- Space Station
- Space Travel
- Spacex
- Sports Betting
- Sportsbook
- Superintelligence
- Survivalism
- Talmud
- Technology
- Teilhard De Charden
- Terraforming Mars
- The Singularity
- Tms
- Tor Browser
- Trance
- Transhuman
- Transhuman News
- Transhumanism
- Transhumanist
- Transtopian
- Transtopianism
- Ukraine
- Uncategorized
- Vaping
- Victimless Crimes
- Virtual Reality
- Wage Slavery
- War On Drugs
- Waveland
- Ww3
- Yahoo
- Zeitgeist Movement
-
Prometheism
-
Forbidden Fruit
-
The Evolutionary Perspective
Monthly Archives: March 2020
The Global Machine Learning Market is expected to grow by USD 11.16 bn during 2020-2024, progressing at a CAGR of 39% during the forecast period -…
Posted: March 31, 2020 at 6:51 am
NEW YORK, March 30, 2020 /PRNewswire/ --
Global Machine Learning Market 2020-2024 The analyst has been monitoring the global machine learning market and it is poised to grow by USD 11.16 bn during 2020-2024, progressing at a CAGR of 39% during the forecast period. Our reports on global machine learning market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Read the full report: https://www.reportlinker.com/p05082022/?utm_source=PRN
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of cloud-based offerings. In addition, increasing use of machine learning in customer experience management is anticipated to boost the growth of the global machine learning market as well.
Market Segmentation The global machine learning market is segmented as below: End-User: BFSI Retail Telecommunications Healthcare Others
Geographic Segmentation: APAC Europe MEA North America South America
Key Trends for global machine learning market growth This study identifies increasing use of machine learning in customer experience management as the prime reasons driving the global machine learning market growth during the next few years.
Prominent vendors in global machine learning market We provide a detailed analysis of around 25 vendors operating in the global machine learning market 2020-2024, including some of the vendors such as Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Salesforce.com Inc., SAP SE and SAS Institute Inc. . The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Read the full report: https://www.reportlinker.com/p05082022/?utm_source=PRN
About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
View original content:http://www.prnewswire.com/news-releases/the-global-machine-learning-market-is-expected-to-grow-by-usd-11-16-bn-during-2020-2024--progressing-at-a-cagr-of-39-during-the-forecast-period-301031621.html
SOURCE Reportlinker
View original post here:
Comments Off on The Global Machine Learning Market is expected to grow by USD 11.16 bn during 2020-2024, progressing at a CAGR of 39% during the forecast period -…
The 2021 Genesis G80 Packs ‘Machine Learning Cruise Control’ to Go With Stunning Looks – The Drive
Posted: at 6:51 am
The chassis the new model will boast has been improved as well. The new G80's rear-drive platform is lower, which allows for more interior space and better handling, and crucially, isn't shared with any lowly Hyundais or Kias. Nineteen percent of the G80's body is now aluminum, resulting in a car that's 243 pounds lighter than the model it replaces. It's apparently quieter, too, thanks to improved door seals, new engine compartment sound insulation, and sound-reducing wheels. Electronically Controlled Suspension with Road Preview uses the front camera to anticipate bumps, potholes, and rough surfaces just like the Audi A8.
Its luxurious interior is equipped with a 12.3-inch digital instrument cluster and an ultra-wide 14.5-inch infotainment screen with Apple CarPlay, Android Auto, and the ability to receive over-the-air navigation updates. Genesis' latest active safety and assisted driving systems are all accounted for as well, including Highway Driving Assist that can now change lanes at the flick of the turn signal and Smart Cruise Control with Machine Learning that intelligently adapts to its owner's driving style.
So, presumably, if you drive like an idiot, your G80 will drive like one too. Although we don't think local law enforcement will take too kindly to that excuse when they catch your Genesis autonomously cutting somebody off a little too aggressively.
Official pricing has yet to be announced but we expect it to start somewhere in the $50,000 ballpark just like the BMW 5 Series and Mercedes-Benz E-Class.
Got a tip? Send us a note: tips@thedrive.com
Read the original here:
The 2021 Genesis G80 Packs 'Machine Learning Cruise Control' to Go With Stunning Looks - The Drive
Comments Off on The 2021 Genesis G80 Packs ‘Machine Learning Cruise Control’ to Go With Stunning Looks – The Drive
How to Speak Robot: As the Art World Flirts With A.I., Here Is a Glossary of Terminology You Need to Know – artnet News
Posted: at 6:51 am
A version of this story first appeared in the spring 2020Artnet Intelligence Reportand is part of our cover package on Artificial Intelligence. For more, read our thorough breakdown of how A.I. could change the art business and our survey of the challenges of A.I. art authentication.
When the conversation turns to artificial intelligence, the jargon starts to fly fast and furious. Here are the terms you need to remember to keep up.
ALGORITHM a command or sequence of commands detailing how to complete a specific task. Although the term is now most often applied to computing, the instruction manual for an IKEA table is technically just as much an algorithm as a line of code in a programming language.
NEURAL NETWORK a configuration of algorithms, loosely modeled on the human brain, that automatically analyzes a data set to deliver an output. The algorithms consist of interconnected processing nodes (also called artificial neurons) usually organized into multiple successive layers (see deep learning).
MACHINE LEARNING a process in which neural networks search large amounts of data looking for patternswithout explicit direction from humans on how to accomplish the task. The learning aspect refers to the fact that neural networks continually refine their algorithms as they are exposed to more data.
TRAINING DATA a set of pre-labeled examples (for instance, images defined as dog) repeatedly fed into a neural network to fine-tune its algorithms to detect particular patterns. In theory, the greater the quantity, quality, and diversity of the training data, and the more times that data set is processed by the neural network, the better the neural network will perform on unlabeled data after completing its training.
DEEP LEARNING machine learning carried out through a so-called deep neural network boasting several interconnected layers of processing nodes. Each successive layer builds on the previous one to make finer and finer distinctions within the datafor instance, from recognizing the outlines of a furry object, to recognizing broadly doglike features, to recognizing specific features of specific dog breeds.
Trevor Paglen: From Apple to Anomaly,installation view. The Curve, Barbican. Tim P. Whitby / Getty Images.
COMPUTER VISION also called machine vision, the process by which a computer uses machine learning to identify specific objects, items, or people in unlabeled images. Computer vision is the technology through which Facebook can automatically tag users and their friends in new photos uploaded to the platform.
ARTIFICIAL INTELLIGENCE (A.I.) the discipline of data science in which deep neural networks independently generate new solutions to a given problem by extrapolating from machine learning. A.I. solutions often feel discomfiting to humans since algorithms may learn lessons their developers did not anticipate based on their (often biased or otherwise flawed) data and so tend to accomplish tasks in ways humans would not. Most infamously, algorithms tasked with rating human beauty have in the past downgraded people of color precisely because their training data included disproportionately high volumes of white folks.
GENERATIVE ADVERSARIAL NETWORK (G.A.N.) an A.I. system in which two neural networks compete against each other to create artificial outputs that could pass for real ones. G.A.N.s consist of a generator algorithm, which produces new data, and a discriminator algorithm, which assesses whether or not incoming data is machine-made. As a whole, a G.A.N. succeeds when its generator component manages to fool its discriminator component.
ARTIFICIAL GENERAL INTELLIGENCE (A.G.I.) the evolutionary end point of A.I. popularized in science fiction, best described as a thinking (and perhaps even feeling) machine that can establish and pursue its own goals. A.G.I. is still only a figment of our collective imaginationand thankfully so, if you fear the sentient, murderous HAL 9000 in Stanley Kubricks 2001: A Space Odysseywhile machine-learning and task-directed A.I. are already reshaping more and more aspects of our lives every day.
Read the original post:
Comments Off on How to Speak Robot: As the Art World Flirts With A.I., Here Is a Glossary of Terminology You Need to Know – artnet News
DMway Analytics Offers Its AUTO-ML Platform Free of Charge to Every Ministry of Health Department and Covid-19 Research Center Globally – AiThority
Posted: at 6:51 am
DMway analytics, leading provider of machine learning automation platforms, announced it was offering its predictive analytics and automated ML platform to every Ministry of Health department globally. In the USAthis includes all State level authorities and elsewhere the equivalent.
The DMway Auto-ML platform is developed by leading Ph.D.s in the field of auto-machine learning and data science, and can transform non-scientists (analysts, BIand data experts) into capable, insightful Data Science Citizens. In practical terms this means that the analysis of Covid-19 data that can currently be carried out by very few people, can now be carried out by many.We are weaponizing Data Science automation to fight back against the virus.
Recommended AI News:Future FinTech Enters Into Equity Acquisition Frame Agreement With Joyrich Enterprises Limited
Machine learning and predictive analytics aregoingto be key in winning the Covid-19 battle. That much is clear. Analyzing data isessential in being able to understand thespreadand treatment effectiveness. The world needs many more people analyzing the data. The insight from global information on the spread of the virus and itsbehaviorwill bekey inminimizing the damage. The ability to empower thousands of citizen data scientists could potentiallyrevolutionizethe speed at which we can react to data as it is made available.
Recommended AI News:ResoluteAI Partners With FinTech Studios to Integrate News Database Into Foundation Research Platform
Gil Nizri, DMway analytics CEO, said:The time is right for technology leaders to donate as much as they can to help the world in confronting this invisible and brutal enemy.We have invested millions of dollars in our tool, but free access at this critical time is essential. Machine learning will be a key tool in dealing with Covid-19. We cannot see the use ofmachinelearningrestricted to a few individuals with access and knowledge of machinelearningtools. We hope the DMway tool will be used to empower thousands of relevantpeopleto analyze Covid-19 related data. It is simple to learn, and we will train people en-masse of up to 100 at atimevia video link from our HQ here inIsrael.Nizri added,Our machinelearningfor Covid-19 course has been especiallycartedthis past two weeks and adjusted to biologists, epidemic analysts and healthcare data experts.Covid-19 is the enemy. Let us fight this together.A global team against thiskiller.
Recommended AI News:Blackboard Ally Integrates BeeLine Reader to Improve Accessibility of Digital Learning Content for All Students
Go here to read the rest:
Comments Off on DMway Analytics Offers Its AUTO-ML Platform Free of Charge to Every Ministry of Health Department and Covid-19 Research Center Globally – AiThority
What Researches says on Machine learning with COVID-19 – Techiexpert.com – TechiExpert.com
Posted: at 6:51 am
COVID-19 will change how most of us live and work, at any rate temporarily. Its additionally making a test for tech organizations, for example, Facebook, Twitter, and Google, that usually depend on parcels and heaps of personal work to direct substance. Are AI furthermore, AI propelled enough to enable these organizations to deal with the interruption?
Its essential that, even though Facebook has initiated ageneral work-from-home strategy to ensure its laborers (alongside Google and arising number of different firms), it at first required its contractual workerswho moderate substance to keep on coming into the workplace. That circumstancejust changed after fights, as per The Intercept.
Presently, Facebook is paying those contractual workers. At thesame time, they sit at home since the idea of their work (examining peoplegroups posts for content that damages Facebooks terms of administration) isamazingly security delicate. Heres Facebooks announcement:
For both our full-time representatives and agreementworkforce, there is some work that is impossible from home because ofwellbeing, security, and legitimate reasons. We have played it safe to secureour laborers by chopping down the number of individuals in some random office,executing prescribed work from home all-inclusive, truly spreading individualsout at some random office, and doing extra cleaning. Given the quicklydeveloping general wellbeing concerns, we are finding a way to ensure ourgroups. We will be working with our accomplices throughout this week to sendall contractors who perform content survey home, until further notification.Well guarantee the payment of all employees during this time.
Facebook, Twitter, Reddit, and different organizations are inthe equivalent world-renowned pontoon: Theres an expanding need to politicizetheir stages, just to take out counterfeit news about COVID-19. Yetthe volunteers who handle such assignments cant do as such from home,particularly on their workstations. The potential arrangement? Human-madereasoning (AI) and AI calculations intended to examine the flawed substance andsettle on a choice about whether to dispense with it.
Heres Googles announcement on the issue, using its YouTube Creator Blog.
Our Community Guidelines requirement today depends on ablend of individuals and innovation: Machine learning recognizes possiblydestructive substance and afterward sends it to human analysts for evaluation.Because of the new estimates were taking, we will incidentally begin dependingmore on innovation to help with a portion of the work regularly done bycommentators. This implies computerized frameworks will begin evacuating somesubstance without human audit, so we can keep on acting rapidly to expelviolative substances and ensure our environment. At the same time, we have aworking environment assurances set up.
Also, the tech business has been traveling right now sometime.Depending on the multitudes of individuals to peruse each bit of substance onthe web is costly, tedious, and inclined to mistake. Be that as it may, AI,whats more, AI is as yet early, despite the promotion. Google itself, in thepreviously mentioned blog posting, brought up how its computerized frameworksmay hail inappropriate recordings. Facebook is additionally getting analysisthat its robotized against spam framework is whacking inappropriate posts,remembering those that offer essential data for the spread of COVID-19.
In the case of the COVID-19 emergency delay, more organizationswill not surely turn to machine learning as a potential answer forinterruptions in their work process and different procedures. That will drive aprecarious expectation to absorb information; over and over, the rollout of AIstages has exhibited that, while the capability of the innovation is there,execution is regularly an unpleasant and costly proceduresimply see GoogleDuplex.
In any case, a forceful grasp of AI will likewise make more opendoors for those technologists who have aced AI, whats more, AI aptitudes ofany kind; these people may wind up entrusted with making sense of how tomechanize center procedures to keep organizations running.
Before the infection developed, Burning Glass (which breaks downa great many activity postings from over the US), evaluated that employmentsthat include AI would grow 40.1 percent throughout the following decade. Thatrate could increase considerably higher if the emergency on a fundamental levelchanges how individuals over the world live and work. (The average compensationfor these positions is $105,007; for those with a Ph.D., it floats up to$112,300.)
With regards to irresistible illnesses, counteraction, surveillance,and fast reaction endeavors can go far toward easing back or slowing downflare-ups. At the point when a pandemic, for example, the ongoing coronavirusepisode occurs, it can make enormous difficulties for the administration andgeneral wellbeing authorities to accumulate data rapidly and facilitate areaction.
In such a circumstance, machine learning can assume an immensejob in foreseeing a flare-up and limiting or slowing down its spread.
Human-made intelligence calculations can help mine through newsreports and online substances from around the globe, assisting specialists inperceiving oddities even before it arrives at pestilence extents. The crownepisode itself is an extraordinary model where specialists applied AI toexamine flight voyager information to anticipate where the novel coronaviruscould spring up straightaway. A National Geographic report shows how checkingthe web or online life can help identify the beginning periods.
Practical usage of prescient demonstrating could speak to asignificant jump forward in the battle to free the universe of probably themost irresistible maladies. Substantial information examination can enablede-to to concentrate the procedure and empower the convenient investigation offar-reaching informational collections created through the Internet of Things(IoT) and cell phones progressively.
Artificial intelligence and colossal information examination have a significant task to carry out in current genome sequencing techniques. High.
As of late, weve all observed great pictures of medicinalservices experts over the globe working vigorously to treat COVID-19 patients,frequently putting their own lives in danger. Computer-based intelligence couldassume a critical job in relieving their burden while guaranteeing that thenature of care doesnt endure. For example, the Tampa General Hospital inFlorida is utilizing AI to recognize fever in guests with a primary facialoutput. Human-made intelligence is additionally helping specialists at theSheba Medical Center.
The job of AI and massive information in treating worldwidepandemics and other social insurance challenges is just set to develop. Hence,it does not shock anyone that interest for experts with AI aptitudes hasdramatically increased in recent years. Experts working in social insuranceinnovations, getting taught on the uses of AI in medicinal services, andbuilding the correct ranges of abilities will end up being critical.
As AI rapidly becomes standard, medicinal services isundoubtedly a territory where it will assume a significant job in keeping usmore secure and more advantageous.
The subject of how machine learning can add to controlling theCOVID-19 pandemic is being presented to specialists in human-made consciousness(AI) everywhere throughout the world.
Artificial intelligence instruments can help from multiplepoints of view. They are being utilized to foresee the spread of thecoronavirus, map its hereditary advancement as it transmits from human tohuman, accelerate analysis, and in the improvement of potential medications,while additionally helping policymakers adapt to related issues, for example,the effect on transport, nourishment supplies, and travel.
In any case, in every one of these cases, AI is just potent onthe off chance that it has adequate guides. As COVID-19 has brought the worldinto the unchartered domain, the profound learning frameworks,which PCs use to obtain new capacities, dont have the information they have todeliver helpful yields.
Machine leaning is acceptable at anticipating nonexclusiveconduct, yet isnt truly adept at extrapolating that to an emergencycircumstance when nearly everything that happens is new, alerts LeoKrkkinen, a teacher at the Department of Electrical Engineering andAutomation in Aalto University, Helsinki and an individual with Nokias BellLabs. On the off chance that individuals respond in new manners, at thatpoint AI cant foresee it. Until you have seen it, you cant gain fromit.
Regardless of this clause, Krkkinen says powerful AI-basednumerical models are assuming a significant job in helping policymakers see howCOVID-19 is spreading and when the pace of diseases is set to top. Bydrawing on information from the field, for example, the number of passings, AImodels can assist with identifying what number of contaminations areuninformed, he includes, alluding to undetected cases that are as yetirresistible. That information would then be able to be utilized to advise thefoundation regarding isolate zones and other social removing measures.
It is likewise the situation that AI-based diagnostics that arebeing applied in related zones can rapidly be repurposed for diagnosingCOVID-19 contaminations. Behold.ai, which has a calculation for consequentlyrecognizing both malignant lung growth and fallen lungs from X-beams, provideddetails regarding Monday that the count can rapidly distinguish chest X-beamsfrom COVID-19 patients as unusual. Right now, triage might accelerate findingand guarantee assets are dispensed appropriately.
The dire need to comprehend what sorts of approach intercessionsare powerful against COVID-19 has driven different governments to grant awardsto outfit AI rapidly. One beneficiary is David Buckeridge, a teacher in theDepartment of Epidemiology, Biostatistics and Occupational Health at McGillUniversity in Montreal. Equipped with an award of C$500,000 (323,000), hisgroup is joining ordinary language preparing innovation with AI devices, forexample, neural systems (a lot of calculations intended to perceive designs),to break down more than 2,000,000 customary media and internet-based lifereports regarding the spread of the coronavirus from everywhere throughout theworld. This is unstructured free content traditional techniques cantmanage it, Buckeridge said. We need to remove a timetable fromonline media, that shows whats working where, accurately.
The group at McGill is utilizing a blend of managed and solo AI techniques to distill the key snippets of data from the online media reports. Directed learning includes taking care of a neural system with information that has been commented on, though solo adapting just utilizes crude information. We need a structure for predisposition various media sources have an alternate point of view, and there are distinctive government controls, says Buckeridge. People are acceptable at recognizing that, yet it should be incorporated with the AI models.
The data obtained from the news reports will be joined withother information, for example, COVID-19 case answers, to give policymakers andwellbeing specialists a significantly more complete image of how and why theinfection is spreading distinctively in various nations. This is appliedresearch in which we will hope to find significant solutions quick,Buckeridge noted. We ought to have a few consequences of significance togeneral wellbeing in April.
Simulated intelligence can likewise be utilized to helprecognize people who may be accidentally tainted with COVID-19. Chinese techorganization Baidu says its new AI-empowered infrared sensor framework canscreen the temperature of individuals in the nearness and rapidly decide ifthey may have a fever, one of the indications of the coronavirus. In an 11March article in the MIT Technology Review, Baidu said the innovation is beingutilized in Beijings Qinghe Railway Station to recognize travelers who areconceivably contaminated, where it can look at up to 200 individuals in asingle moment without upsetting traveler stream. A report given out fromthe World Health Organization on how China has reacted to the coronavirus saysthe nation has additionally utilized essential information and AI to reinforcecontact following and the administration of need populaces.
Human-made intelligence apparatuses are additionally being sent to all the more likely comprehend the science and science of the coronavirus and prepare for the advancement of viable medicines and an immunization. For instance, fire up Benevolent AI says its man-made intelligence determined information diagram of organized clinical data has empowered the recognizable proof of a potential restorative. In a letter to The Lancet, the organization depicted how its calculations questioned this chart to recognize a gathering of affirmed sedates that could restrain the viral disease of cells. Generous AI inferred that the medication baricitinib, which is endorsed for the treatment of rheumatoid joint inflammation, could be useful in countering COVID-19 diseases, subject to fitting clinical testing.
So also, US biotech Insilico Medicine is utilizing AI calculations to structure new particles that could restrict COVID-19s capacity to duplicate in cells. In a paper distributed in February, the organization says it has exploited late advances in profound figuring out how to expel the need to physically configuration includes and learn nonlinear mappings between sub-atomic structures and their natural and pharmacological properties. An aggregate of 28 AI models created atomic structures and upgraded them with fortification getting the hang of utilizing a scoring framework that mirrored the ideal attributes, the analysts said.
A portion of the worlds best-resourced programmingorganizations is likewise thinking about this test. DeepMind, the London-basedAI pro possessed by Googles parent organization Alphabet, accepts its neuralsystems that can accelerate the regularly painful procedure of settling thestructures of viral proteins. It has created two strategies for preparingneural networks to foresee the properties of a protein from its hereditaryarrangement. We would like to add to the logical exertion bydischarging structure forecasts of a few under-contemplated proteins related toSARS-CoV-2, the infection that causes COVID-19, the organization said.These can assist scientists with building comprehension of how the infectioncapacities and be utilized in medicate revelation.
The pandemic has driven endeavor programming organizationSalesforce to differentiate into life sciences, in an investigation showingthat AI models can gain proficiency with the language of science, similarly asthey can do discourse and picture acknowledgment. The thought is that the AIframework will, at that point, have the option to plan proteins, or recognizecomplex proteins, that have specific properties, which could be utilized totreat COVID-19.
Salesforce took care of the corrosive amino arrangements ofproteins and their related metadata into its ProGen AI framework. The frameworktakes each preparation test and details a game where it attempts to foresee thefollowing amino corrosive in succession.
Before the finish of preparing, ProGen has gotten aspecialist at foreseeing the following amino corrosive by playing this gameroughly one trillion times, said Ali Madani, an analyst at Salesforce.ProGen would then be able to be utilized practically speaking for proteinage by iteratively anticipating the following doubtlessly amino corrosive andproducing new proteins it has never observed. Salesforce is presentlylooking to collaborate with scholars to apply the innovation.
As governments and wellbeing associations scramble to containthe spread of coronavirus, they need all the assistance they with canning get,including from machine learning. Even though present AI innovations are a longway from recreating human knowledge, they are ending up being useful infollowing the episode, diagnosing patients, sanitizing regions, andaccelerating the way toward finding a remedy for COVID-19.
Information science and AI maybe two of the best weapons we havein the battle against the coronavirus episode.
Not long before the turn of the year, BlueDot, a human-madeconsciousness stage that tracks irresistible illnesses around the globe, haileda group of bizarre pneumonia cases occurring around a market inWuhan, China. After nine days, the World Health Organization (WHO) dischargedan announcement proclaiming the disclosure of a novel coronavirusin a hospitalized individual with pneumonia in Wuhan.
BlueDot utilizes everyday language preparation and AIcalculations to scrutinize data from many hotspots for early indications ofirresistible pestilences. The AI takes a gander at articulations from wellbeingassociations, business flights, animal wellbeing reports, atmosphere informationfrom satellites, and news reports. With so much information being created oncoronavirus consistently, the AI calculations can help home in on the bits thatcan give appropriate data on the spread of the infection. It can likewisediscover significant connections betweens information focuses, for example,the development examples of the individuals who are living in the zonesgenerally influenced by the infection.
The organization additionally utilizes many specialists who havesome expertise in the scope of orders, including geographic data frameworks,spatial examination, information perception, PC sciences, just as clinicalspecialists in irresistible clinical ailments, travel and tropical medication,and general wellbeing. The specialists audit the data that has been hailed bythe AI and convey writes about their discoveries.
Joined with the help of human specialists, BlueDots AI cananticipate the beginning of a pandemic, yet additionally, conjecture how itwill spread. On account of COVID-19, the AI effectively recognized the urbancommunities where the infection would be moved to after it surfaced in Wuhan.AI calculations considering make a trip design had the option to foresee wherethe individuals who had contracted coronavirus were probably going to travel.
Presently, AI calculations can play out the equivalenteverywhere scale. An AI framework created by Chinese tech monster Baiduutilizes cameras furnished with PC vision and infrared sensors to foreseeindividuals temperatures in open territories. The frame can screen up to 200individuals for every moment and distinguish their temperature inside the scopeof 0.5 degrees Celsius. The AI banners any individual who has a temperatureabove 37.3 degrees. The innovation is currently being used in Beijings QingheRailway Station.
Alibaba, another Chinese tech monster, has built up an AI framework that can recognize coronavirus in chest CT filters. As indicated by the analysts who built up the structure, the AI has a 96-percent exactness. The AI was prepared on information from 5,000 coronavirus cases and can play out the test in 20 seconds instead of the 15 minutes it takes a human master to analyze patients. It can likewise differentiate among coronavirus and common viral pneumonia. The calculation can give a lift to the clinical focuses that are as of now under a ton of strain to screen patients for COVID-19 disease. The framework is supposedly being embraced in 100 clinics in China.
A different AI created by specialists from Renmin Hospital ofWuhan University, Wuhan EndoAngel Medical Technology Company, and the ChinaUniversity of Geosciences purportedly shows 95-percent precision ondistinguishing COVID-19 in chest CT checks. The framework is a profoundlearning calculation prepared on 45,000 anonymized CT checks. As per a preprintpaper distributed on medRxiv, the AIs exhibition is practically identical tomaster radiologists.
One of the fundamental approaches to forestall the spread of thenovel coronavirus is to decrease contact between tainted patients andindividuals who have not gotten the infection. To this end, a few organizationsand associations have occupied with endeavors to robotize a portion of themethods that recently required wellbeing laborers and clinical staff tocooperate with patients.
Chinese firms are utilizing automatons and robots to performcontactless conveyance and to splash disinfectants in open zones to limit thedanger of cross-contamination. Different robots are checking individuals forfever and other COVID-19 manifestations and administering free hand sanitizerfoam and gel.
Inside emergency clinics, robots are conveying nourishment andmedication to patients and purifying their rooms to hinder the requirement forthe nearness of attendants. Different robots are caught up with cooking ricewithout human supervision, decreasing the quantity of staff required to run theoffice.
In Seattle, specialists utilized a robot to speak with and treatpatients remotely to limit the introduction of clinical staff to contaminatedindividuals.
By the days end, the war on the novel coronavirus isnt overuntil we build up an immunization that can vaccinate everybody against theinfection. Be that as it may, growing new medications and medication is anexceptionally protracted and expensive procedure. It can cost more than abillion dollars and take as long as 12 years. That is the sort of period wedont have as the infection keeps on spreading at a quickening pace.
Luckily, AI can assist speed with increasing the procedure.DeepMind, the AI investigate lab procured by Google in 2014, as of lateannounced that it has utilized profound figuring out how to discover new dataabout the structure of proteins related to COVID-19. This is a procedure thatcould have taken a lot more months.
Understanding protein structures can give significant insightsinto the coronavirus immunization recipe. DeepMind is one of a few associationsthat are occupied with the race to open the coronavirus immunization. It hasutilized the consequence of many years of AI progress, just as research onprotein collapsing.
Its imperative to take note of that our structureforecast framework is still being developed, and we cant be sure of theprecision of the structures we are giving, even though we are sure that theframework is more exact than our prior CASP13 framework, DeepMindsscientists composed on the AI labs site. We affirmed that our frameworkgave an exact forecast to the tentatively decided SARS-CoV-2 spike proteinstructure partook in the Protein Data Bank, and this gave us the certainty thatour model expectations on different proteins might be valuable.
Even though it might be too soon to tell whether were going thecorrect way, the endeavors are excellent. Consistently spared in finding thecoronavirus antibody can save hundredsor thousandsof lives.
Read the rest here:
What Researches says on Machine learning with COVID-19 - Techiexpert.com - TechiExpert.com
Comments Off on What Researches says on Machine learning with COVID-19 – Techiexpert.com – TechiExpert.com
Machine Learning in Finance Market Provides in-depth analysis of the Industry, with Current Trends and Future Estimations to Elucidate the Investment…
Posted: at 6:51 am
TheGlobal Machine Learning in Finance MarketResearch report provided by Market Expertz is a detailed study report of theGlobal Machine Learning in Finance Market, which covers all the necessary information required by a new market entrant as well as the existing players to gain a deeper understanding of the market. The Global Machine Learning in Finance Marketreport is segmented in terms of regions, product type, applications, key players, and several other essential factors. The report also covers the global market scenario, providing deep insights into the cost structure of the product, production, and manufacturing processes, and other essential factors.
The report also covers the global market scenario, highlighting the pricing of the product, production and consumption volume, cost analysis, industry value, barriers and growth drivers, dominant market players, demand and supply ratio of the market, the growth rate of the market and forecast till 2026.
Get PDFSample copy of Machine Learning in Finance Market Report2020, Click [emailprotected] https://www.marketexpertz.com/sample-enquiry-form/86930
The report includes accurately drawn facts and figures, along with graphical representations of vital market data. The research report sheds light on the emerging market segments and significant factors influencing the growth of the industry to help investors capitalize on the existing growth opportunities.
In market segmentation by manufacturers, the report covers the following companies-
Ignite LtdYodleeTrill A.I.MindTitanAccentureZestFinanceOthers
Get to know the business better:The global Machine Learning in Finance market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one thats better than others.
In market segmentation by types of Machine Learning in Finance, the report covers-
Supervised LearningUnsupervised LearningSemi Supervised LearningReinforced LeaningOthers
In market segmentation by applications of the Machine Learning in Finance, the report covers the following uses-
BanksSecurities CompanyOthers
Order Your Copy Now (Customized report delivered as per your specific requirement) @ https://www.marketexpertz.com/checkout-form/86930
A conscious effort is made by the subject matter experts to analyze how some business owners succeed in maintaining a competitive edge while the others fail to do so makes the research interesting. A quick review of the realistic competitors makes the overall study a lot more interesting. Opportunities that are helping product owners size up their business further add value to the overall study.
With this global Machine Learning in Finance market research report, all the manufacturers and vendors will be aware of the growth factors, shortcomings, opportunities, and threats that the market has to offer in the forecast period. The report also highlights the revenue, industry size, types, applications, players share, production volume, and consumption to gain a proper understanding of the demand and supply chain of the market.
Years that have been considered for the study of this report are as follows:
Major Geographies mentioned in this report are as follows:
Avail discounts while purchasing this report, Click[emailprotected] https://www.marketexpertz.com/discount-enquiry-form/86930
The complete downstream and upstream essentials and value chains are carefully studied in this report. Current trends that are impacting and controlling the global Machine Learning in Finance market growth like globalization, industrialization, regulations, and ecological concerns are mentioned extensively. The Global Machine Learning in Finance market research report also contains technical data, raw materials, volumes, and manufacturing analysis of Machine Learning in Finance. It explains which product has the highest penetration in which market, their profit margins, break-even analysis, and R&D status. The report makes future projections for the key opportunities based on the analysis of the segment of the market.
Key features of the report:
What does the report offer?
For more details on the Machine Learning in Finance Report, click here @ https://www.marketexpertz.com/industry-overview/machine-learning-in-finance-market
Well-versed in economics and mergers and acquisitions, Jashi writes about companies and their corporate stratagem. She has been recognized for her near-accurate predictions by the business world, garnering trust in her written word.
Read the rest here:
Comments Off on Machine Learning in Finance Market Provides in-depth analysis of the Industry, with Current Trends and Future Estimations to Elucidate the Investment…
Call for netizens to demand scraped pics from Clearview, ML weather forecasts, and Star Trek goes high def with AI – The Register
Posted: at 6:51 am
Roundup Hello Reg readers. Here's a quick roundup of bits and pieces from the worlds of machine learning and AI.
Are you in Clearview's database? Probably: Folks covered by the EUs GDPR, the California Consumer Privacy Act, and similar laws, can ask Clearview the controversial face-recognition startup that scraped three billion images of people from the internet to reveal what images it may have of you in its database and delete them.
Thats what Thomas Smith, co-founder and CEO of Gado Images, a computer vision startup, did for OneZero. As a resident of America's Golden State, Smith filled out a California Consumer Privacy Act (CCPA) form demanding Clearview send him the profile they had on him. He could see what images Clearview had managed to scrape from the internet, and where they got them from.
He had to provide Clearview with a picture of himself along with a copy of his drivers license. Clearview had collected 10 images of Smith; some were taken from social media, such as Facebook, but it also went as far as to download snaps from he and his wifes personal blog and a Python meetup group in San Francisco. One of the 10 images, however, looks like a case of mistaken identity.
The images in Smiths profile are accompanied by URLs pointing to where each photo was nabbed. By clicking through these links, a Clearview customer typically the police running a search using Smith's photo would be able to figure out personal details like where he works, where he went to university, whom hes married to, and who some of his friends are. That means things like stills from CCTV could be used to pull up the entire life of those pictured in the image.
The app has been served cease-and-desist letters from Google, YouTube, Twitter, and Facebook to stop lifting images from their platforms, and to delete any existing ones it has in its database.
If you want to get your data from Clearview, and are eligible under CCPA or GDPR, Smith recommends sending Clearview an email to privacy@clearview.ai to request your profile. Follow any instructions you receive, he said.
Expect your request to take up to two months to process. Be persistent in following up. And remember that once you receive your data, you have the option to demand that Clearview delete it or amend it if youd like them to do so.
But if you dont live in California or in the European Union, or somewhere with similar laws, the best thing to do to prevent startups like Clearview from snaffling your data is to make your social media profiles private. Dont post snaps of your mug anywhere on the internet that is available for anyone to see.
This isn't totally avoidable, however. If your friends upload pictures of you, Clearview can still scrape them as long as theyre public.
Hey AI, is it going to rain today? Training machine learning models to predict whether it's going to rain or not by looking at the movement of clouds gathered by weather stations or satellites is all the rage at the moment.
Researchers over at Google have developed MetNet, a deep neural network that can forecast where its going to rain in the US up to eight hours before it happens. The team claims that its system was more accurate than the predictive tools employed by the National Oceanic and Atmospheric Administration (NOAA) a US federal scientific agency that monitors the weather, oceans, and the atmosphere on Earth when it comes to forecasting rain.
MetNet inspects data recorded by the radar stations in the Multi-Radar/Multi-Sensor System (MRMS) and the Geostationary Operational Environmental Satellite system, both operated by the NOAA. Images of a top down view of clouds, and atmospheric measurements are given as inputs and MetNet spits out a probability distribution of precipitation over an area spanning 64 square kilometers, covering the entire US at one kilometer resolution.
There are advantages and disadvantages to using neural networks like MetNet to forecast the weather. Although machine learning models provide a cheap alternative to supercomputers, which have to carry out complex calculations, they are generally less accurate and dont deal well with freak weather events that they havent been trained on.
We are actively researching how to improve global weather forecasting, especially in regions where the impacts of rapid climate change are most profound, the researchers said.
While we demonstrate the present MetNet model for the continental US, it could be extended to cover any region for which adequate radar and optical satellite data are available.
You can read more about how MetNet works here.
Star Trek Voyager and Deep Space Nine get an AI makeover: Heres something that will please Star Trek fans: you can now watch clips from Star Trek Voyager and Deep Space Nine in much better quality now that theyve been revamped with the help of AI algorithms.
A YouTube user, going by the name Billy Reichard, has posted a series of videos for Trekkies to watch. Old clips taken from both TV series have been run through Gigapixel AI, a commercial AI tool developed by Topaz Labs, a computer vision company based in Texas, to increase the quality. This is necessary because, it appears, portions of the Voyager and DS9 archives are NTSC-grade and it would be too much faff to restore them in full high definition.
Reichard explained his work on Reddit's r/StarTrek group and compared the AI-generated quality to 4K. He said he planned to play around with the Gigapixel AI software more and will be producing more Star Trek clips for people to enjoy.
Heres one from Voyager...
Youtube Video
And one from Deep Space Nine. Enjoy
Youtube Video
Sponsored: Webcast: Why you need managed detection and response
Read more:
Comments Off on Call for netizens to demand scraped pics from Clearview, ML weather forecasts, and Star Trek goes high def with AI – The Register
PSD2: How machine learning reduces friction and satisfies SCA – The Paypers
Posted: at 6:51 am
Andy Renshaw, Feedzai: It crosses borders but doesnt have a passport. Its meant to protect people but can make them angry. Its competitive by nature but doesnt want you to fail. What is it?
If the PSD2 regulations and Strong Customer Authentication (SCA) feel like a riddle to you, youre not alone. SCA places strict two-factor authentication requirements upon financial institutions (FIs) at a time when FIs are facing stiff competition for customers. On top of that, the variety of payment types, along with the sheer number of transactions, continue to increase.
According to UK Finance, the number of debit card transactions surpassed cash transactions since 2017, while mobile banking surged over the past year, particularly for contactless payments. The number of contactless payment transactions per customer is growing; this increase in transactions also raises the potential for customer friction.
The number of transactions isnt the only thing thats shown an exponential increase; the speed at which FIs must process them is too. Customers expect to send, receive, and access money with the swipe of a screen. Driven by customer expectations, instant payments are gaining traction across the globe with no sign of slowing down.
Considering the sheer number of transactions combined with the need to authenticate payments in real-time, the demands placed on FIs can create a real dilemma. In this competitive environment, how can organisations reduce fraud and satisfy regulations without increasing customer friction?
For countries that fall under PSD2s regulation, the answer lies in the one known way to avoid customer friction while meeting the regulatory requirement: keep fraud rates at or below SCA exemption thresholds.
How machine learning keeps fraud rates below the exemption threshold to bypass SCA requirements
Demonstrating significantly low fraud rates allows financial institutions to bypass the SCA requirement. The logic behind this is simple: if the FIs systems can prevent fraud at such high rates, they've demonstrated their systems are secure without authentication.
SCA exemption thresholds are:
Exemption Threshold Value
Remote electronic card-based payment
Remote electronic credit transfers
EUR 500
below 0.01% fraud rate
below 0.01% fraud rate
EUR 250
below 0.06% fraud rate
below 0.01% fraud rate
EUR 100
below 0.13% fraud rate
below 0.015% fraud rate
Looking at these numbers, you might think that achieving SCA exemption thresholds is impossible. After all, bank transfer scams rose 40% in the first six months of 2019. But state-of-the-art technology rises to the challenge of increased fraud. Artificial intelligence, and more specifically machine learning, makes achieving SCA exemption thresholds possible.
How machine learning achieves SCA exemption threshold values
Every transaction has hundreds of data points, called entities. Entities include time, date, location, device, card, cardless, sender, receiver, merchant, customer age the possibilities are almost endless. When data is cleaned and connected, meaning it doesnt live in siloed systems, the power of machine learning to provide actionable insights on that data is historically unprecedented.
Robust machine learning technology uses both rules and models and learns from both historical and real-time profiles of virtually every data point or entity in a transaction. The more data we feed the machine, the better it gets at learning fraud patterns. Over time, the machine learns to accurately score transactions in less than a second without the need for customer authentication.
Machine learning creates streamlined and flexible workflows
Of course, sometimes, authentication is inevitable. For example, if a customer who generally initiates a transaction in Brighton, suddenly initiates a transaction from Mumbai without a travel note on the account, authentication should be required. But if machine learning platforms have flexible data science environments that embed authentication steps seamlessly into the transaction workflow, the experience can be as customer-centric as possible.
Streamlined workflows must extend to the fraud analysts job
Flexible workflows arent just important to instant payments theyre important to all payments. And they cant just be a back-end experience in the data science environment. Fraud analysts need flexibility in their workflows too. They're under pressure to make decisions quickly and accurately, which means they need a full view of the customer not just the transaction.
Information provided at a transactional level doesnt allow analysts to connect all the dots. In this scenario, analysts are left opening up several case managers in an attempt to piece together a complete and accurate fraud picture. Its time-consuming and ultimately costly, not to mention the wear and tear on employee satisfaction. But some machine learning risk platforms can show both authentication and fraud decisions at the customer level, ensuring analysts have a 360-degree view of the customer.
Machine learning prevents instant payments from becoming instant losses
Instant payments can provide immediate customer satisfaction, but also instant fraud losses. Scoring transactions in real-time means institutions can increase the security around the payments going through their system before its too late.
Real-time transaction scoring requires a colossal amount of processing power because it cant use batch processing, an efficient method when dealing with high volumes of data. Thats because the lag time between when a customer transacts and when a batch is processed makes this method incongruent with instant payments. Therefore, scoring transactions in real-time requires supercomputers with super processing powers. The costs associated with this make hosting systems on the cloud more practical than hosting at the FIs premises, often referred to as on prem. Of course, FIs need to consider other factors, including cybersecurity concerns before determining where they should host their machine learning platform.
Providing exceptional customer experiences by keeping fraud at or below PSD2s SCA threshold can seem like a magic trick, but its not. Its the combined intelligence of humans and machines to provide the most effective method we have today to curb and prevent fraud losses. Its how we solve the friction-security puzzle and deliver customer satisfaction while satisfying SCA.
About Andy Renshaw
Andy Renshaw, Vice President of Banking Solutions at Feedzai, has over 20 years of experience in banking and the financial services industry, leading large programs and teams in fraud management and AML. Prior to joining Feedzai, Andy held roles in global financial institutions such as Lloyds Banking Group, Citibank, and Capital One, where he helped fight against the ever-evolving financial crime landscape as a technical expert, fraud prevention expert, and a lead product owner for fraud transformation.
About Feedzai
Feedzai is the market leader in fighting fraud with AI. Were coding the future of commerce with todays most advanced risk management platform powered by big data and machine learning. Founded and developed by data scientists and aerospace engineers, Feedzai has one mission: to make banking and commerce safe. The worlds largest banks, processors, and retailers use Feedzais fraud prevention and anti-money laundering products to manage risk while improving customer experience.
The rest is here:
PSD2: How machine learning reduces friction and satisfies SCA - The Paypers
Comments Off on PSD2: How machine learning reduces friction and satisfies SCA – The Paypers
The disturbing history of tipping in the U.S.: "It’s literally a slave wage" – CBS News
Posted: at 6:50 am
REVERB is a new documentary series fromCBSN Originals. Watch the latest episode, "Surviving an Unlivable Wage," in the video player above.
The act of tipping is said to have started in feudal Europe, when strict social hierarchies prevented any real kind of social mobility and it was a common practice among aristocrats to tip servants. It wasn't brought over to the U.S. until the 19th century, and was only popularized after the Civil War. But in this country, instead of being additional compensation on top of a regular wage, it functioned as an immediate and racist solution for employers who did not want to pay recently freed black slaves.
"After Emancipation, the restaurant lobby demanded the right to hire newly freed slaves, mostly black women, not pay them anything, and have them live entirely on this new idea that had just come from Europe called a tip," said Saru Jarayaman, director of the Food and Labor Research Center at the University of California, Berkeley and co-founder of the nonprofit advocacy group Restaurant Opportunities Centers United.
Surprisingly, in those early years, many considered tipping undemocratic and therefore un-American because of its roots in the aristocracy. "Tipping, and the aristocratic idea it exemplifies, is what we left Europe to escape. It is a cancer in the breast of democracy," wrote William Scott in 1916. But the railway and restaurant industries fought for using tipping as their employees' full wages, to exploit their African American labor force, and they won.
This legacy of slavery was institutionalized with the New Deal-era Fair Labor and Standards Act of 1938, which introduced the country's first federal minimum wage of $0.25. The original legislation excluded hotel, restaurant and other service workers, but in 1966, significant amendments finally included them. At the same time, though, the amendments introduced a sub-minimum wage, allowing employers to pay tipped workers a base wage below the federal minimum so long as the tips and wages added up to the minimum wage.
While some states have set higher minimums, the federal "tipped minimum wage" has stagnated at $2.13 an hour since 1991 and inflation has steadily eroded its purchasing power.
"It's unconscionable. It's literally a slave wage," said Jaramayan. "I do think it's important to recognize that this is a 70% female workforce. And so I do think, in thinking about how has a wage stayed at $2.13, when you're looking at an industry that's majority female, you understand that basically the nation has valued these women at a $2 wage."
Despite federal law requiring restaurants to ensure tipped workers end up with the current federal minimum wage of $7.25 by making up the difference when tips fall short, violations are rampant. From 2010 to 2012, the U.S. Department of Labor found that of over 9,000 investigated restaurants, 84% violated wage and hour laws. The same report also found 1,200 tip credit violations.
In most European countries now, service charges are included in the bill and tipping isn't required or encouraged. But in the U.S., tipped workers continue to rely almost entirely on tips, and they are struggling. In 2014, one in six restaurant workers lived below the poverty line, which is 10 percentage points higher than the average in other industries, and more than 40% made less than the "twice-poverty" rate double the official poverty line, which economists often consider the minimum needed to make ends meet.
"Essentially, what the restaurant industry has argued therefore for the last 150 years is, 'We shouldn't have to pay our workers. You, the customers, should pay our workers' wages for us,' which is not how it's done anywhere else in the world and not what tipping was intended to be," said Jamarayan.
Cassie Redman is a restaurant server living in Kokomo, Indiana, with two kids and husband who has a salaried job. Indiana is one of 15 states that allows restaurants to pay their employees the federal tipped minimum wage of $2.13.
"You know, a lot of people will have like thousands of dollars in their savings because that's their life savings. Our life savings right now is about $400 and that's if an emergency happens," she said. "If a car breaks down and we need to tow it and that tow is going to be $100. That way we're not dipping into rent or gas or phone bill."
Redman and her family have to rely on garage sales and assistance to help them get by.
"Nowadays it's like you have to have four incomes in one household to just, like, be comfortably living. Like having cars that run, not having to go to food banks, not having to wake up early in the morning so you can go sit in a food bank for three hours to get enough food to last you a week," she said. "It's pretty sad."
Tipping has become a deeply ingrained tradition in the U.S., and though it's often portrayed as a way to ensure good service for customers, there is actually little evidence it has any effect on the quality of service. In recent years, some restaurants have decided to move away from tipping and pay their staff a living wage. Seven states have also shifted the burden to the employer, requiring them to pay the regular federal minimum wage with tips as additional compensation. Jaramayan said there is no reason why we shouldn't see this happen across the board.
"These are the jobs that are here to stay, number one. Number two, thousands, millions of these workers take great pride in their work," she said. "They consider themselves professionals. They love service and hospitality. It is not impossible for a restaurant to value these women, these workers, as the professionals that they are."
View original post here:
The disturbing history of tipping in the U.S.: "It's literally a slave wage" - CBS News
Posted in Wage Slavery
Comments Off on The disturbing history of tipping in the U.S.: "It’s literally a slave wage" – CBS News
From Acquiescence to Rebellion – Jacobin magazine
Posted: at 6:50 am
People often talk about our own period as a second Gilded Age, and the assumption has been that it is a kind of repetition of the first Gilded Age. Thats true in terms of income and wealth inequality and so forth. But what always struck me was how different the response to that inequality and exploitation has been between the two gilded ages.
Throughout the late nineteenth and early twentieth century, there was an enormous resistance to the capitalist transformation of the United States. There were the farmer and labor parties of the 1870s and 1880s, the Knights of Labor, the Populists, the Socialist Party, and the IWW. But it wasnt limited only to the working class. There was a broader sense that the idea of what America was supposed to be all about was being violated. There was the Social Gospel movement, where all kinds of Christian radicals decried the savage capitalism that was in development. There were critical writers like Theodore Dreiser, William Dean Howells, or Jack London, and you had all kinds of jurists and ordinary politicians talking about the sins and problem of what was commonly denounced as wage slavery. Who would dare call capitalism wage slavery today, except maybe the Democratic Socialists of America or somebody?
It was a common part of our vocabulary in the first Gilded Age, not just for the likes of Emma Goldman or Bill Haywood, but everyone appalled by the bloody birth of modern capitalism and how it was wiping out whole ways of living. These were farmers, homesteaders, artisans, various small-business people, peasants from Europe who had come here and found themselves treated like animals in this maelstrom of industrialization. What you had was not just material deprivation but also a kind of spiritual resistance to a new and terrible existence.
People at the time had experience with older ways of life, and whether they wanted to return to them or not, they knew that capitalism was not a natural fact because it was brand-new and gut-wrenching in so many ways. So you had this broad culture of opposition, not just the organized movements. And then that goes away in the years after the New Deal. A major part of the explanation for that is the very success of New Deal reforms and mass consumption capitalism. There was a period of what economic historians call the Great Compression, when there was a reduction of economic inequality, high corporate tax rates, and individual tax rates on the wealthy. There was deficit spending as a regular part of the medicine chest of solutions to unemployment and economic downturns.
These things worked, at least for a time, and there was a great explosion in mass consumption and the American standard of living. That standard of living attracted people long before the New Deal came around. But the New Deal and the years that followed made the labor question seem no longer relevant. The seductions of consumer capitalism also worked to privatize concerns once thought of as social dilemmas, and to dissolve many forms of social solidarity. Were all talking about social distancing in the midst of this pandemic, but consumer capitalism might be thought of as one of the first forms of social distancing. So matters of exploitation faded from view.
One of the key things that accounted for this acquiescence politically was the Democratic Partys abandonment of its New Deal heritage. This happened gradually but decisively by the mid-1980s, when Bill Clinton, for example, became the head of the Democratic Leadership Council and made his peace with neoliberal economics. At this point, it is not interested in the labor movement anymore except as a kind of ATM and vote-gathering machine. Before all that, there was the devasting impact of the Cold War, not only through the purging of the labor movement of its radical unions and activists, but also a more general purging of the vocabulary of everyday life, so that older notions of wage slavery or plutocracy or even racial justice were verboten. And then theres the enormous toll of deindustrialization which wiped out whole towns, fraternal societies, unions, and much of the tissue of social solidarity built up over generations.
I think the good news is that this period is over. It began to end with the financial collapse in 2008, the emergence of Occupy Wall Street, and the reemergence of very militant worker actions, often independent of the organized labor movement. And now, of course, with Bernie Sanders and the movement behind him.
Read more:
Posted in Wage Slavery
Comments Off on From Acquiescence to Rebellion – Jacobin magazine