Crypto News 

Researchers Find Hundreds of Pump and Dump Scams, Develop Algorithm

“An analysis performed by researchers at Imperial College London has found that around $7 million worth of cryptocurrency trading volumes are the result of pump and dump schemes” writes Simon Golstein for financemagnates.com. Pump and dump schemes are a traditional type of scam.It would be unfair to call the name ‘McAfee’ synonymous with pump and dump schemes, but the eccentric computer programmer-turned-cryptocurrency evangelist has been implicated in a few.In the worlds of electronic trading and cryptocurrency, the difference between a profit and a loss can be a matter of milliseconds. Source:…

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Why We Need to Audit Algorithms

“Ensuring that societal values are reflected in algorithms and AI technologies will require no less creativity, hard work, and innovation than developing the AI technologies themselves” reports hbr.org. Ensuring that societal values are reflected in algorithms and AI technologies will likely require no less creativity, hard work, and innovation than developing the AI technologies themselves.Even if thoughtfully performed, algorithm auditing will still raise difficult questions that only society — through their elected representatives and regulators — can answer.As a result, algorithm auditing must be interdisciplinary in order for it to…

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High-tech redlining: AI is quietly upgrading institutional racism

“An algorithm that uses coincidental correlations to evaluate job applicants is almost surely biased” reports fastcompany.com. Many algorithms for evaluating job candidates identify statistical patterns in the characteristics of current employees.The algorithms trained on the resumes of job applicants over the previous ten years, and favored people who were like the (mostly male) people Amazon had hired in the past. Source: fastcompany.com Share This:

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Americans are fine with algos making decisions — as long those rulings don’t apply to them

“The data, numbers, and strings of complex code that make up algorithms are indecipherable to those not fluent in coding languages” writes Elisabeth Buchwald for marketwatch.com. Amazon says that their experimental algorithm was never actually used to screen candidates, according to the report.Layered in pockets of complex codes fueling algorithms is human bias.For instance, the report finds that 50% of Americans think it is fair to use an algorithm to determine whether or not a convicted felon should be eligible for parole. Source: marketwatch.com Share This:

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A sign of things to come? AI-produced artwork sells for $433K, smashing expectations

“Edmond de Belamy” has made history as the first work of art produced by artificial intelligence to be sold at auction” reports cnn.com. Except that we feed this inspiration to the algorithm, and the algorithm is the part that does the visual creation.”. To best engage in the dialogue, we are offering a public platform to exhibit an artwork that has entirely been realized by an algorithm.”. “We saw algorithms were capable of creating new images, and we were astonished by the potential they had,” Vernier said. Source: cnn.com Share This:

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BOOM: Algorithm art fetches $432,500 at auction…

“A portrait made by algorithm smashed new boundaries Thursday, selling for $432,500 and becoming the first piece of Artificial Intelligence art sold at a major auction house, Christie’s said” reports yahoo.com. It’s the brainchild of French collective Obvious, whose aim is to use artificial intelligence to democratize art.Richard Lloyd, international head of prints and multiples at Christie’s, persuaded the collective to put the print up for sale in order to foster a debate about artificial intelligence in art. Source: yahoo.com Share This:

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Why it’s totally unsurprising that Amazon’s recruitment AI was biased against women

“The problem boils down to the data Amazon fed its algorithm, Wachter speculated” writes Isobel Asher Hamilton for businessinsider.com. According to Reuters, Amazon engineers found that besides churning out totally unsuitable candidates, the so-called AI project showed a bias against women.”That happens in recruitment, and that happens in basically everywhere where we use historical data and this data is biased.”.  Source: businessinsider.com Share This:

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Google has created an algorithm that’s like ‘spell check’ for doctors who diagnose breast cancer — here’s how it works

“To train the algorithm, Google used a de-identified dataset based on scans of breast cancer patients’ lymph nodes from medical centers in the Netherlands” writes Lydia Ramsey for businessinsider.com. Next, the team will have to see how the algorithm works in the clinic — that is, when the algorithm is given new scans of breast cancer patients’ lymph nodes. Source: businessinsider.com Share This:

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simulation of living organisms that scientists can use to understand life at the level of whole populations all the way down to cellular interactions

“This property, known as superposition, means that large-scale quantum computers will have vastly more information-processing power than classical computers” reports vice.com. To do this the researchers used a five qubit quantum processor developed by IBM that is accessible through the cloud.But progress has been delayed by difficulties in creating the powerful quantum computers needed to power the simulations that can answer this question.In total, the researchers repeated this process more than 24,000 times. “Our quantum individuals are driven by an adaptation effort along the lines of a quantum Darwinian evolution,…

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