Across industries, AI is supercharging innovation with machine-powered computation. In finance, bankers are using AI to detect fraud more quickly and keep accounts safe, telecommunications providers are improving networks to deliver superior service, scientists are developing novel treatments for rare dise...
An encryption key is a random string of bits used by an encryption algorithm to turn readable data into ciphertext. Some types of encryption use the same encryption key to encrypt and decrypt data (symmetric encryption), while others will use different encryption and decryption keys (this is as...
“The more complicated an AI algorithm is, the more likely we are to see behaviors that are unexpected, particularly when it fails. When it fails in such a way that marginalized groups of people are treated differently by a model, we call this ‘algorithmic bias’ or ‘model bias,’” Br...
more energy-efficient crypto is that Bitcoin uses what's known as Proof of Work (POW). Most other cryptos, including Ethereum, use Proof of Stake (POS). In brief, POW requires “miners” to make guesses via a specific algorithm (SHA-256) that requires brute...
So far, bitcoin’s biggest correlation is with its own supply cycle. Every four years, the number of new coins generated by the algorithm every 10 minutes gets cut in half, and there tends to be a “post-halving” bull run. Here’s the bitcoin price in log form, with halving points ...
if the data used to train an algorithms reflect unwanted pre-existing biases, the resulting algorithm will likely reflect, and potentially amplify, these biases. the example of judges—and sometimes algorithms—making parole decisions illustrates the subtleties involved. in light of the work...
Because even central bankers know that gold is a better commodity for storing purchasing power than their own paper notes! Hahaha Mike Sproul 20. March 2013 at 19:33 Theories #1 and 2 are not in conflict with the backing theory, and theories 3, 4, and 5 ARE the backing theory. The qua...
As an interested lay person with no special expertise, I have often wondered why interest rates aren’t set according to some public adaptive monetary policy algorithm which would allow the market (in effect) to set the short term rate, thereby allowing fiscal policy to be used as the single...
The bankers stole what they could and moved on. The pharmaceutical corporations create fear-driven propaganda about the dangers of drug re-importation, all the while pushing drugs for off label purposes. Google pays people to steal your content, then tells you to suck it up & it is your ...
Indeed, the startup is a refuge for investment bankers and oil traders – part of aworldwide trendin which smart people leave traditionally prestigious jobs for tech. There are 10 Rafflesians in Ninja Van, and one of the algorithm engineers was a hedge fund quant. “This is probably the ...