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Facebook to pay $5 billion fine for privacy violations 

by | Jul 13, 2019 | , , ,

FTC initiated the investigation after a scandal involving former British consulting firm Cambridge Analytica, which was accused of illegally accessing data of more than 87 million Facebook users without their prior knowledge. FTC investigated whether Facebook’s data sharing with the British firm violated a 2011 consent agreement signed between Facebook and the regulator. 

India Inc flags Water-risks

by | Jul 12, 2019 | , ,

Water is shaping up to be a serious economic risk in Asia’s third-largest economy. Desertification, land degradation and drought cost India about 2.54% of gross domestic product in 2014-15, according to a study last year by India’s environment ministry. In a global survey of miners, just under half the respondents reported financial impact worth $11.8 billion over five years thanks to water-related problems such as droughts, increased water stress and flooding, according to a 2018 report from CDP. 

Health Ministry to use Artificial Intelligence in safe way in public health

by | Jul 12, 2019 | , , ,

Vardhan said few of the initiatives undertaken by the central government to use AI in public health are: Imaging Biobank for Cancer for which the NITI Aayog with Department of Bio-Technology (DBT) aims to build database of cancer related radiology and pathology images of more than 20,000 profiles of cancer patients with focus on major cancers prevalent in India. 

Volvo’s autonomous trucking offer bundles pilots, insurance, services

by | Jul 11, 2019 | , ,

Driverless transportation has been hailed as a transformative revenue opportunity, with the Boston Consulting Group expecting connected high-tech vehicles to generate about $150 billion of new profits for the auto sector by 2035.But regulatory, technological and infrastructure roadblocks stand in the way of deploying fully autonomous vehicles on public roads and the journey is proving long and costly.

Record-setting heatwave and costly severe weather sweep across Europe in June

by | Jul 11, 2019 | , ,

Michal Lorinc, Catastrophe Analyst within Aon’s Impact Forecasting team, said: “An active start to summer in the Northern Hemisphere featured many large-scale weather events including severe thunderstorms, flooding, extreme heatwaves, and drought. Europe was at the center of many of these perils as record temperatures engulfed parts of France, and large hail and damaging winds led to more than USD730 million in insured costs in Germany alone. Impact Forecasting currently has a fully probabilistic hail model available for several European countries to help clients better understand the growing risks associated with hail to property exposure.”

Beware the hype around AI. It has fooled many

by | Jul 11, 2019 | , , ,

A similar tale can be told of each of AI’s dozen diverse areas. One is the area of multi-agent systems, which focuses on designing the interaction between autonomous software agents such as self-driving cars. Another is automated planning. Yet another is machine learning, which many mistakenly view as being synonymous with AI. The staples of each area don’t quite jibe even with Minsky’s loose definition.