Facial recognition technology helps man steal $23,500... from his ex-girlfriend
A Chinese man has been jailed for stealing $23,500 from his ex-girlfriend’s bank account through the use of her phone's facial recognition feature
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Awesome, not awesome.
#Awesome
"Artificial intelligence can reveal with incredible accuracy which individuals may develop dementia, new research has found.
AI has a 92% accuracy rating for predicting which memory clinic attendees will have dementia within two years, according to the study, published Thursday in the journal JAMA Network Open.
The findings are based on data from over 15,300 US patients. Authors say the algorithmic accuracy of AI predictions may be able to reduce the amount of false dementia diagnoses — and possibly help doctors intervene earlier." - Hannah Frishberg, Author Learn More from New York Post >
#Not Awesome
"A Chinese man has been jailed for stealing $23,500 from his ex-girlfriend’s bank account by pulling up her eyelids while she was sleeping to activate her phone’s facial recognition feature.
The 28-year-old man, only identified by his surname, Huang, was sentenced to 3 1/2 years in Nanning in southern China over the elaborate theft, the Global Times reported." - Emily Crane, Author Learn More from New York Post >
What we're reading.
1/ French regulators have said that facial recognition company Clearview AI must delete all user data within two months. This is the latest in a series complaints against the controversial AI company that has amassed a database of over 10 billion images that it sells to government agencies. Learn More from Tech Crunch >
2/ South Korea is piloting a program that will use facial recognition and thousands of cameras to track the movements of citizens that have been infected by Covid-19. Learn More from CNN >
3/ AI participated in a recent Oxford Union debate and argued for - and against - itself, even saying that the only way to stop such tech becoming too powerful is to have "no AI at all". Learn More from BBC >
4/ Researchers have placed hundreds of thousands of human brain cells into a "virtual game world" and found that they have the ability to learn how to play the video game Pong faster than AI is able to. Learn More from NewScientist >
5/ The pandemic may be accelerating public acceptance of biometric data use. A recent survey found that 73% of airline passengers would be willing to share this data in order to improve their time navigating airports. Learn More from The New York Times >
6/ Levi's (the jean company) has said that AI has helped them boost revenue and increase revenues as companies begin to lean on the technology more and more. Learn More from The Wall Street Journal >
7/ Meta (Facebook) has developed AI that is able to automatically automate children's drawings. They hope this project will "move us closer to building AI that can understand the world from a human point of view." Learn More from Meta >
Newsletters and products from our friends.
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If you’re like me, you struggle to keep up with the financial news of the day. Thankfully, Austin Hankwitz has our backs. Austin’s Rate of Return publication curates the financial news of the days - like IPOs to watch, major economic updates to be aware of, and investor events to attend. My favorite part? It’s written in a way that makes otherwise complex financial topics super easy to grasp. Read Rate of Return to become an educated investor >