Daily Archives: September 2, 2022

Mark Spitz made Olympic history in 1972. Heres why his Jewish identity mattered in Munich – Forward

Posted: September 2, 2022 at 2:32 am

Mark Spitz, center, smiles on the podium after winning the gold medal in the 100-meter butterfly ahead of Bruce Robertson, left, and Jerry Heindenreich, right, Aug. 31, 1972, at the Olympic Games in Munich. Photo by AFP via Getty Images

By Beth HarpazSeptember 01, 2022

Fifty years ago, on Sept. 5, 1972, a horrific story unfolded in Munich, Germany. Palestinian terrorists had murdered two Israelis at the Olympic Games and taken nine more hostage. Within hours, those hostages were dead as well.

But the day before the massacre, a different story was making headlines out of Munich a story of triumph. American swimmer Mark Spitz had made history by winning seven gold medals over the course of one Olympics, and hed set world records with every win. The feat stood unsurpassed for 36 years, when another American swimmer, Michael Phelps, set his own records at the Beijing Olympics.

Its only right, as we look back on the 1972 Games, that the massacre and the aftermath of the tragedy take center stage. The victims families continue to cope with grief and trauma. Both Germany and Israel will be marking the solemn anniversary with ceremonies.

But Spitzs incredible accomplishments deserve recognition as well. Hes not only one of the greatest Jewish athletes in history right up there with Sandy Koufax but hes also one of the greatest athletes, period. (Sports Illustrated ranked him No. 33 on a list of the 100 top athletes of the 20th century.)

Heres a look at Spitzs life and career, along with why his Jewish identity mattered at the Munich Games.

By age 10, Spitz was already a standout swimmer and getting private swim lessons near his familys home in Sacramento, California. The Spitzes eventually moved to Santa Clara so he could be mentored by Olympic swim coach George Haines.

At age 14, he was competing in national championships, and by 17, he had already set or tied five U.S. records and broken five world records.

His drive to win was instilled by his father, Arnold, who famously told him: Swimming isnt everything. Winning is.

At the 68 Olympics, Spitz made a cocksure prediction that hed win six golds. But he only won two, and both were for team relays, not individual races. He was roundly shamed by the media for his arrogance, and later said it was the worst moment in his life.

Still, those two golds from Mexico put him in rare company among Olympians. Hes one of just five athletes in history to have won a total of nine or more golds from multiple Olympic Games.

Not much has been written about whether Spitzs family was particularly observant, but one often-repeated story makes his fathers priorities clear.

When he was 10 and his hours in the pool began to interfere with Hebrew school, his father supposedly told the rabbi: Even God likes a winner.

And when his first coach, Sherman Chavoor, invited him to swim at a private club called Arden Hills, in an era when many clubs excluded Jews, African Americans and other people of color, Spitzs dad was concerned.

Can you take this kid on? Are you going to be prejudiced? Chavoors daughter, Shelley, recalled Arnold Spitz asking her father. Her dad responded: He swims! I dont care!

She said in an interview that her dad, who was Portuguese, had experienced discrimination himself, and was pretty sensitive to some of the things Mark dealt with in terms of antisemitism.

Spitzs first international competition was at the 1965 Maccabiah Games in Israel. He returned to Israel for the 69 Maccabiahs after his disappointing performance at the Olympics in Mexico.

The Munich Games took place just 27 years after the end of World War II. Any hopes the Germans had that hosting the games might soften their image were shattered, of course, by the massacre, which included a bungled rescue operation that led to the hostages deaths.

But before the attacks unfolded, Spitz was asked how he felt, as a Jewish athlete, competing on German soil. I have no qualms about Germany at all, he said shortly after arriving. Maybe I should, but I wasnt even born when all that stuff happened.

Asked again about being in Germany after hed won all his medals, but before the attacks, his response was downright cringy. Gesturing at a lampshade, he said, Actually, Ive always liked this country, even though this shade is probably made out of one of my aunts.

In an interview with The New York Times a decade after the 72 Olympics, Spitz said he only learned of the attack and the ongoing hostage situation at a press conference where he thought hed be talking about swimming.

I was shocked and stunned, he told the Times. The press wanted my words because, first, I was Jewish, and second, they thought I was some kind of spokesman for athletes.

As the Times put it: He was prepared neither to be a spokesman nor, later, to discuss authoritatively the political ramifications of the murder of 11 Israeli athletes and officials.

Spitz had planned to leave Munich after his competitions were over, even though the games were scheduled to continue for another week. But now officials feared that being Jewish might make him a target. He was given a police and military guard and immediately flew to London. Frankly, he told the Times, I was scared.

Asked about the attacks as he arrived at Heathrow Airport, he said simply: I think theyre tragic.

Look at any photo of Spitz from Munich and you cant help but be struck by the difference between his appearance then, and how swimmers compete today. He had no goggles and no swim cap. In fact, he had a full head of dark hair and a mustache. Considering that nowadays even male swimmers routinely shave their body hair to reduce resistance in the water, it was a bold look.

The mustache in particular made him stand out even before hed won any medals. Hed planned to shave it off, but so many people were talking about it that he decided not to. In fact, when asked in Munich if the facial hair would slow him down, he claimed, in his typically brash way, that it would actually help him go faster by deflecting water away from his mouth.

Spitz was 22 coming out of Munich. He had a bachelors degree from Indiana University, and in interviews at the games, he said he planned to immediately retire from competitive swimming and go to dental school. After winning his fourth race in Munich, when asked what hed do with all his medals, he said: Maybe Ill hang em in my dental office.

Things changed when he got home. Suddenly, Mark Spitz was everywhere: magazine covers, TV shows and on 300,000 posters, priced at $2 apiece, wearing his red, white and blue swimsuit, medals in hand. Maybe Ill do some nudie movies, he said at one point. Im hot to trot.

Repped by the William Morris Agency in an era when athletes did not walk out of wins and into sneaker commercials, Spitz was criticized for commercializing his fame. He was a spokesperson for Schick razors and appeared on billboards promoting milk for the Milk Advisory Committee. His deal with Schick gave him use of a $65,000 yacht. And when he was asked about that dental school dream, he reportedly replied, Are you kidding? In later years, he reflected that he had been unprepared for the maelstrom he was thrust into, and that it took him a long time to go back to living a normal life.

Today, at age 72, the mustache is gone. Hes been married to the same woman, Suzy Weiner, since 1973. Hes described on his websiteas not just the worlds greatest swimmer, but also an athlete, motivational speaker, influencer, investor, husband, father.

Spitz did not respond to requests for comment for this story made through his website, his social media accounts or USA Swimming, the official organization for swimmers representing the U.S. But ina one-hour documentaryreleased a few weeks before the 50th anniversary, Spitz seemed introspective and even somewhat humble looking back.I believe the greatness of an athlete is not to recognize what you did right but to recognize what you did wrong, he says in the film.

He recalled his father cautioning him, after Munich, against letting it all go to his head: Youre still like everybody else. Youve got to put your pants on one leg at a time.

Spitz added: I was just an ordinary guy that trained hard, diligently, and on one particular week, did extraordinary things.

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Shivani Naik writes: India’s long road to Olympics 2024 – The Indian Express

Posted: at 2:32 am

One of Indias top Commonwealth Games weightlifters won a gold in Birmingham, but finished a whole 29 kg behind what would have earned him a bronze at the Tokyo Olympics in 2021. The snatch and clean and jerk total for gold at Tokyo was a staggering 50 kg away from his reach. When a fast food chain offered to indulge the lifters post-Games craving for deep-fried chicken wings to honour his gold with a well-deserved cheat day treat one wondered if it was two years too early to, well, count the chickens.

Paris 2024 will be upon Indias freshly minted medalists in no time although it was champion lifter Mirabai Chanu, who tugged at the timeline, bringing it even closer and signalling that the Tashkent World Championships this December would be the quickest reality check for lifters who raked in medals at Birmingham.

As seen in JRR Tolkiens Lord of the Rings which drew on Birminghams landscape for inspiration its one thing to bear the precious ring, and quite another to carry it on the arduous journey to its culmination. Ask any of Indias Olympic medal-winning incumbents and theyll tell you that the CWG and Asiad are only pit stops to the biggest Games medal. The climb to the peak of Mount Doom, where Olympic medals are forged out of countless struggles, begins where the CWG celebratory parades end.

Indian sport can put the happy headlines into any meaningful perspective only by firmly stating that the CWG successes are merely halfway markers to Paris. A necessary reboot from quietened ambitions for the likes of pugilist Amit Panghal or wrestler Vinesh Phogat after their Tokyo disappointments, the CWG gold was second wind for someone like Sakshi Malik, who had battled debilitating self-doubt post her bronze medal in Rio six years ago. For Indias jumpers gold-winning Eldhose Paul, silver medallists Abdulla Aboobacker and Murali Sreeshankar and bronze winner Tejaswin Shankar Birmingham reignited the flaming hope for a medal 20 years after Anju Bobby George had lit one twilight evening in Athens.

His CWG success extends the surreal journey of paddler Sharath Kamal. The limits of longevity and peak performance will be tested by the TT legend who will be an eye-popping 42 should he qualify for Paris. Birmingham scripted the tale of the indefatigable legend, who you hope desperately will succeed in his unreal pursuit of an Olympic medal. The CWG dented the invincibility of Kenyan dominance in steeplechase, and Avinash Sables silver will give India the crazy-sounding hope of a Paris encore. The Kenyan running trio were properly spooked by the track-chomping Indian; now hes tasted blood, he wants a bite of the gold in two years time.

Srihari Nataraj thrice raced the biggies of backstroke for the swimming finals in the outer, unfancied lanes of the Sandwell Aquatics centre. There was no medal to show, but India is finally taking the holy dip into the mother sport of aquatics, with a serious push expected in Paris, following the breakthroughs for gymnastics in Rio, and track and field in Tokyo. Olympics medals in swimming are not even vaguely visible on the horizon. But the realisation that the sport is a mine of medals and India ought to get a move on in it should suffice as Paris starts to creep up.

Nikhat Zareens gold was another reassuring medal, not for the quality of competition she came up against, but because its important for fighters like her to make good their pre-Games claims, to walk the talk, to add wattage to the World Championship halo. Nikhat counts as one of Indias earliest medal hopes for Paris, though she knows she has miles to go and many tricks to internalise, before nailing down the big one.

Indias womens hockey team continue to save their best for the best, Australia, and the loss notwithstanding, the bronze medal makes them the most exciting bunch of athletes to follow into Paris. The 7-0 drubbing suffered by the men in the final best signifies the wicked, weltering wizardry of the CWG: With two years to go for Paris, it is a fine reality check for what lies ahead. The bronze from Tokyo is the precious ring thatll feel burdensome with each step towards 2024. Birmingham was where the joyless wretch Gollum crept up to them and stole their Tokyo cheer. It is now two years to Paris.

shivani.naik@expressindia.com

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Hadassah endorses minute of silence resolution at every Olympic Games – Cleveland Jewish News

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To mark the 50th anniversary of the kidnapping and slaughter of 11 members of the Israeli Olympic team and others by a Palestinian terrorist group at the 1972 Munich Olympics, Hadassah has endorsed Congressional Resolution 1292, put forward by U.S. Reps. Shontel Brown of Cleveland, Brad Sherman of California and Burgess Owens of Utah, calling for a minute of silence at every Olympic Games going forward.

David Mark Berger of Shaker Heights was among those killed.

Hadassah President Rhoda Smolow and CEO Naomi Adler issued the following statement, which was included in a July 28 news release issued by Owens office:

Hadassah shares the Olympic values of building a better and more peaceful world. A minute of silence should be part of the opening ceremony at every Olympic Games moving forward to remember the eleven Israeli Olympic team members brutally murdered by a Palestinian terrorist group during the 1972 Games in Munich and the police officer who died in the massacre.

It is critical to never forget the victims of antisemitic and anti-Israel attacks. We thank Representative Owens, Representative Sherman, Representative Brown and the families of the victims for their leadership in advocating for a way to honor the memory of those who lost their lives and for continuing to fight antisemitism in all its forms.

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Artificial Intelligence (AI) Robots Market Projected to Reach worth $35.3 billion by 2026 Exclusive Report by MarketsandMarkets – GlobeNewswire

Posted: at 2:30 am

Chicago, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence (AI) Robots Marketby Robot Type (Service, and Industrial), Technology (Machine Learning, Computer Vision, Context Awareness, and NPL), Offering, Application, and Geography (2021-2026)", Players profiled in this report are SoftBank (Japan), NVDIA (US), Intel (US), Microsoft (US), IBM (US), Hanson Robotics (China), Alphabet (US), Xilinx (US), ABB (Switzerland), Fanuc (Japan), Alphabet (US), Harman International (US), Kuka (Germany), Blue Frog Robotics (Paris).

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Browse in-depth TOC on Artificial Intelligence (AI) Robots Market178 - Tables81- Figures253 Pages

NVIDIA develops GPUs and delivers value to its consumers through PC, mobile, and cloud architectures. From focus on PC graphics, the company now emphasizes machine learning and various other AI technologies. NVIDIA addresses four large markets: gaming, visualization, data center, and automotive. NVIDIA has two reportable segments: Graphics and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game-streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.

Intel provides computing, networking, data storage, and communication solutions worldwide. The company designs and develops key products and technologies that power the cloud and smart, connected world. Intel delivers computer, networking, and communication platforms to a broad set of customers, including OEMs, original design manufacturers (ODMs), cloud and communications service providers, and industrial, communications, and automotive equipment manufacturers. The company manufactures semiconductor chips, supplies the computing and communications industries with chips, boards, systems, and software that are integral in computers, servers, and networking and communications products.

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This research report categorizes the AI Robots market based on offering, robot type, technology, deployment mode, application and region.

AI Robots Market, by offering

AI Robots Market, by Robot Type

AI Robots Market, by Technology

AI Robots Market, by Deployment mode

AI Robots Market, by Application

Implementing automation technology and installing industrial robots throughout the production processes has helped industrial businesses enable human employees to dedicate more time to other demanding projects. This has improved quality, reduced risks for associates with dangerous tasks, and lowered the overall operational costs. As labor costs rise, automation technologies come as alternate options. Robots help complete monotonous tasks more quickly and consistently than humans.

With the adoption of technologies such as cloud computing, robots are now becoming networked. For instance, Ozobot & Evollve (US) offers Evo, which is equipped with OzoChat software for worldwide messaging between Evo robots. These networked robots can potentially be hacked, and their abilities can be adversely used. Also, global military & defense sector has started considering AI-based robots as a vital part of any military fleet.

AI-integrated robots are gaining traction with the increasing requirement of social robots to interact with humans and for assistance, among others. Assistant robots need to perform various tasks involving home security, patient care, companionship, and elderly assistance. Companies are now increasingly focusing on developing robots that are suitable for the entire family and excel in performing the abovementioned tasks.

Related Reports:

Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Industry, Application, Technology (Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision), & Region (2022-2027)

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Artificial intelligence can be used to better monitor Maine’s forests, UMaine study finds – UMaine News – University of Maine – University of Maine

Posted: at 2:30 am

Monitoring and measuring forest ecosystems is a complex challenge because of an existing combination of softwares, collection systems and computing environments that require increasing amounts of energy to power. The University of Maines Wireless Sensor Networks (WiSe-Net) laboratory has developed a novel method of using artificial intelligence and machine learning to make monitoring soil moisture more energy and cost efficient one that could be used to make measuring more efficient across the broad forest ecosystems of Maine and beyond.

Soil moisture is an important variable in forested and agricultural ecosystems alike, particularly under the recent drought conditions of past Maine summers. Despite the robust soil moisture monitoring networks and large, freely available databases, the cost of commercial soil moisture sensors and the power that they use to run can be prohibitive for researchers, foresters, farmers and others tracking the health of the land.

Along with researchers at the University of New Hampshire and University of Vermont, UMaines WiSe-Net designed a wireless sensor network that uses artificial intelligence to learn how to be more power efficient in monitoring soil moisture and processing the data. The research was funded by a grant from the National Science Foundation.

AI can learn from the environment, predict the wireless link quality and incoming solar energy to efficiently use limited energy and make a robust low cost network run longer and more reliably, says Ali Abedi, principal investigator of the recent study and professor of electrical and computer engineering at the University of Maine.

The software learns over time how to make the best use of available network resources, which helps produce power efficient systems at a lower cost for large scale monitoring compared to the existing industry standards.

WiSe-Net also collaborated with Aaron Weiskittel, director of the Center for Research on Sustainable Forests, to ensure that all hardware and software research is informed by the science and tailored to the research needs.

Soil moisture is a primary driver of tree growth, but it changes rapidly, both daily as well as seasonally, Weiskittel says. We have lacked the ability to monitor effectively at scale. Historically, we used expensive sensors that collected at fixed intervals every minute, for example but were not very reliable. A cheaper and more robust sensor with wireless capabilities like this really opens the door for future applications for researchers and practitioners alike.

The study was published Aug. 9, 2022, in the Springers International Journal of Wireless Information Networks.

Although the system designed by the researchers focuses on soil moisture, the same methodology could be extended to other types of sensors, like ambient temperature, snow depth and more, as well as scaling up the networks with more sensor nodes.

Real-time monitoring of different variables requires different sampling rates and power levels. An AI agent can learn these and adjust the data collection and transmission frequency accordingly rather than sampling and sending every single data point, which is not as efficient, Abedi says.

Contact: Sam Schipani, samantha.schipani@maine.edu

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Equality watchdog takes action to address discrimination in use of artificial intelligence – PoliticsHome

Posted: at 2:30 am

The use of artificial intelligence by public bodies is to be monitored by Britains equality regulator for the first time to ensure technologies are not discriminating against people.

There is emerging evidence that bias built into algorithms can lead to less favourable treatment of people with protected characteristics such as race and sex.

The Equality and Human Rights Commission has made tackling discrimination in AI a major strand of its new three-year strategy.

It is today publishing new guidance to help organisations avoid breaches of equality law, including the public sector equality duty (PSED). The guidance gives practical examples of how AI systems may be causing discriminatory outcomes.

From October, the Commission will work with a cross-section of 30 local authorities and other public bodies in England and Scotland to understand how they are using AI to deliver essential services, such as benefits payments, amid concerns that automated systems are inappropriately flagging certain families as a fraud risk.

The EHRC is also exploring how best to use its powers to examine how organisations are using facial recognition technology, following concerns that the software may be disproportionately affecting people from ethnic minorities.

These interventions will improve how organisations use AI and encourage public bodies to take action to address any negative equality and human rights impacts.

Marcial Boo, chief executive of the EHRC, said:

While technology is often a force for good, there is evidence that some innovation, such as the use of artificial intelligence, can perpetuate bias and discrimination if poorly implemented.

Many organisations may not know they could be breaking equality law, and people may not know how AI is used to make decisions about them.

Its vital for organisations to understand these potential biases and to address any equality and human rights impacts.

As part of this, we are monitoring how public bodies use technology to make sure they are meeting their legal responsibilities, in line with our guidance published today. The EHRC is committed to working with partners across sectors to make sure technology benefits everyone, regardless of their background.

The monitoring projects will last several months and will report initial findings early next year.

The Artifical Intelligence in Public Services guidance advises organisations to consider how the PSED applies to automated processes, to be transparent about how the technology is used and to keep systems under constant review.

In the private sector, the EHRC is currently supporting a taxi driver in a race discrimination claim regarding Ubers use of facial recognition technology for identification purposes.

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Save the date: Artificial Intelligence and Emerging Technologies Partnership meeting #2 on September 22 – United States Patent and Trademark Office

Posted: at 2:30 am

Published on: 08/31/2022 15:03 PM

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The Artificial Intelligence (AI) and Emerging Technologies (ET) Partnership Series will hold itsnext meeting,AI/ET Partnership Series #2: AI & Biotech, virtually and in person at the United States Patent and Trademark Office's (USPTO) Silicon Valley Regional Office on September 22, 2022 from 9:30 a.m. to noon PT. During this meeting, panelists from industry and the USPTO will explore various patent policy issues with respect to the biotech industry, including:

A full agenda with speakers will be posted prior to the event. This event is free and open to the public, so register early to attend in person or virtually.

Stay connected with the USPTO by subscribing to regular email updates.

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The Power of Artificial Intelligence Coding Assistance – InformationWeek

Posted: at 2:30 am

Until recently, coding involved repetitive tasks, and required knowledge of many minute details. These aspects of coding detracted from the truly creative work that developers enjoy, and they slowed developers down.

Now, artificial intelligencetechnology promises to eliminate much of that repetitive work, and developers are no longer thrown off task by having to search the web for those minute details.

The technology works similarly to auto-complete in word processing but writing code instead of plain language and completing whole functions at a time.

Among the latest offerings in AI-powered is Github's Copilot, an AI-powered pair programmer tool available to all developers for $10 a month or $100 per year.

The company claims Copilot can suggest complete methods, boilerplate code, whole unit tests, and even complex algorithms.

With AI-powered coding technology like Copilot, developers can work as before, but with greater speed and satisfaction, so its really easy to introduce, explains Oege De Moor, vice president of GitHub Next. It does help to be explicit in your instructions to the AI.

He explains that during the Copilot technical preview, GitHub heard from users that they were writing better and more precise explanations in code comments because the AI gives them better suggestions.

Users also write more tests because Copilot encourages developers to focus on the creative part of crafting good tests, De Moor explains. So, these users feel they write better code, hand in hand with Copilot.

He adds that it is, of course, important that users are made aware of the limitations of the technology.

Like all code, suggestions from AI assistants like Copilot need to be carefully tested, reviewed, and vetted, he says. We also continuously work to improve the quality of the suggestions made by the AI.

GitHub Copilot is built with Codex -- a descendent of GPT-3 -- which is trained on publicly available source code and natural language.

Because it was trained both on source code and natural language, you can write a comment in English, and then Codex will suggest the code that follows, De Moor explains. In fact, it can even write an entire function or class just given its description in English.

Tabnine CEO Dror Weiss says in the future, AI assistants will be able to review code for developers, create tests automatically, assist with debugging, and do clever automated maintenance operations on systems.

Eventually, every activity that can be automated, will be automated, he says.

From his perspective, a critical feature for organizations is the ability to integrate the specific best practices and code patterns for projects and organizations.

Using this kind of customized AI, organizations will benefit not just from acceleration but also from better consistency and quality of the code, he explains. Another benefit is reducing the time it takes for developers to become highly productive when joining a new project.

One major advantage of AI-assisted coding tools is context-aware code completion.

Microsoft's Visual Studio IntelliCode, for example, is a set of AI-assisted capabilities that enable developers to efficiently complete code with features like argument completion, code formatting, and style rule reference.

IntelliCode is trained on the code of thousands of highly rated open source projects on GitHub, and it uses context from the current code to make relevant recommendations.

Since launching IntelliCode, Microsoft has made updates such as whole-line code completions and refactoring and suggestions that enhance repeated edit experiences to save time for developers.

For organizations planning to implement a strategy involving AI coding assistants, Weiss says making a roadmap is key.

Organizations need to think strategically and have a vision of how they want to leverage AI, even as some essential functionality isn't yet available in any of the products in the market, he says.

He explains a logical first step toward implementing AI assistance would be identifying a specific group of developers and let them use AI based on pre-trained models that learned code patterns from publicly available code.

After a successful implementation, organizations can start rolling out to other groups. In parallel, they can tailor their AI assistance to their needs by creating custom AI models based on their code.

De Moor also points out developers spend much of their time on other tasks, and soon, those other tasks will also benefit from AI assistance.

Examples of these other tasks that are ripe for AI assistance are code review, testing, and refactoring.

Will this change the job of developers? Sure, but for the better, De Moor says. I do not foresee a future where Copilot produces anything useful without human input, but I do see unbridled human creativity, no longer bogged down by irrelevant detail.

He says programming is now about design (decomposing a large problem into smaller ones), and then specifying what the smaller blocks should do -- and the AI will fill in the details.

Weiss adds that as every company is becoming a software company, software development is every organization's most strategic and resource-constrained activity.

Companies are starting to meet the limits of how many developers they can get and getting smaller teams more productive is paramount -- even more so in a downturn as teams could be understaffed, he says. We believe that AI is the most effective way to make developers and teams more productive and will be the natural next step for every organization that has adopted basic DevOps and CI platforms.

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From Google Home to Alexa, Artificial Intelligence to play large in trading of cryptocurrencies – The Financial Express

Posted: at 2:30 am

From Google Home to Alexa, the role of artificial intelligence (AI) seems to have grown over the years. It is now believed that AI will play a greater role when it comes crypto being traded. As a greater number of financial institutions start offering crypto-assets as wealth management offering, the roles of AI-supported trading will become more popular. There are over 4,000 cryptocurrencies and even the oldest coins show large fluctuations in their prices. Likewise, Bitcoin 30-day volatility index is twice the value from 2016 (as per data published on buybitcoinworldwide), Saurav Raaj, founder, director, Wize, a non-fungible token (NFT) infrastructure for businesses company, told FE Digital Currency.

As per industry observers, AI is used in intelligent trading systems for stock market prediction and currency price prediction. As per a report by IEEE Access, Generalised Autoregressive Conditional Heteroskedasticity (GARCH), is a time-series statistical model used for understanding volatility. AI is in the area of market sentiment analysis. Unlike traditional stocks, discussions among trading communities and social media reports, can drive trading decisions. AI with natural language processing (NLP) can analyse market and community sentiments and provide valuable insights to the traders, Raaj added.

Courtesy: IEEE Access, ResearchGate.

It is believed that trading decision is usually based on behavioural biases that cause them to act on an emotion which could lead to mistakes while processing information. AI-guided crypto trading is unlikely to get rid of emotional factors, it is likely to amplify that via machine learning. A deliberate fix in AI programmes to avoid trading at large corrections, and surges may help. Still, it is also likely to slow the usual stop-loss or take-profit exercise, Liquing Yu, Economic Intelligence Units (EIU) analyst on India, Indonesia, and Singapore, said.

Furthermore, industry experts noted that if properly implemented and trained, AI can help eliminate human bias. According to Vikram Pandya, director, Fintech, SP Jain, it definitely helps make scientific decisions backed by data and not by impulse.

According to Business Insider Report in June 2019, there are three areas where AI is used in banking, namely, conversational banking, anti-fraud detection, risk assessment, and credit underwriting. AI-based systems can help to process trading data which can assist traders to make better investment decisions. AI with machine learning (ML) can provide safeguards against such attacks and reduce damages in real-time. In extreme cases, it can be utilised to trigger circuit breakers and even stop trading, added Raaj.

Also Read: From centralisation to decentralisation; how blockchain-oriented fintech can benefit the financial sector

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New fiction novel delves into the emerging field of artificial intelligence, its benefits and disadvantages – PR Web

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INNISFAIL, Australia (PRWEB) September 02, 2022

Mark C. Giffin announces his entry into the publishing scene with the release of Electronics One: Book 1 (published by Balboa Press AU), a fiction novel that delves into the emerging field of AI, its benefits and disadvantages.

Stephen Frost enjoys becoming a very rich man by being able to use AI. While working hard and inventing an AI doll as well as an electronic body armor and a fuel saving device, he meets his future wife Svetlana who had studied at a facility designed to train women into keeping a millionaire happy and contented. However, Stephen also realized there was a dark side that could come from all this.

Stephens ability in AI almost got Svetlana kidnapped. His own AI attacked the Pentagon, and then, someone else did the same. He knew it would only be a matter of time before someone designed a powerful AI that would be used for evil purposes. His wife, future children, the great American dream, and the safety of people in general were important to him. At the same time, he would want to keep up his research to produce new technologies to help humanity but there would be many challenges ahead.

Artificial intelligence is emerging as more and more real to people, with its pros and cons. The book puts forward possible advantages and threats relating to AI. It is a unique story with Stephen and his wife and artificial intelligence that has been the core of his life, Giffin says. When asked what he wants readers to take away from the book, he answers, Artificial intelligence is an exciting realm with dire consequences if used wrongly. By itself, artificial Intelligence should not go unchecked and out of control. For More details about the book, please visit https://www.balboapress.com/en-au/bookstore/bookdetails/841232-electronics-one

Electronics One: Book 1By Mark C. GiffinSoftcover | 6 x 9in | 200 pages | ISBN 9781982295110E-Book | 200 pages | ISBN 9781982295127Available at Amazon and Barnes & Noble

About the AuthorMark C. Giffin grew up in Queensland, Australia. He worked in the field of medical imaging while maintaining an interest in karate and cars. He became a black belt third dan and still teaches today. His cars include a four-wheel drive and a V8 sports sedan. Over the last 15 years, he has made a number of trips to the U.S. for up to three months, spending most of this time in Florida. He has also had an interest in emerging AI.

Balboa Press Australia is a division of Hay House, Inc., a leading provider in publishing products that specialise in self-help and the mind, body and spirit genre. Through an alliance with the worldwide self-publishing leader Author Solutions, LLC, authors benefit from the leadership of Hay House Publishing and the speed-to-market advantages of the Author Solutions self-publishing model. For more information or to start publishing today, visit balboapress.com.au or call 1-800-844-925.

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New fiction novel delves into the emerging field of artificial intelligence, its benefits and disadvantages - PR Web

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