ai monthly

Hot off the press – 11/2019

Artificial intelligence is a hot topic – technologies are polarising, media attention is increasing. In our digital press review, we compile important monthly articles on the subject in order to provide an introduction to artificial intelligence to everyone interested as well as provide an impetus for exchange. In November, the MIT Technology Review, the Süddeutsche Zeitung and Heise reported on the topic of artificial intelligence.

AI could boost gross domestic product strongly

Studie: Künstliche Intelligenz soll Bruttoinlandsprodukt stark antreiben [Study: Artificial intelligence to drive up gross domestic product]- Heise, 29/11/19

According to a new study by the Association of the Internet Industry (eco) and management consultancy Arthur D. Little, AI technologies could increase the German economic output measured by the gross domestic product by up to 13 percent until 2025 (compared to 2019). The largest gains are expected for the ‘retail and consumer’ and ‘energy, environment and chemistry’ sectors.

‘AI Observatory’: Ministry of Labour to audit AI

TÜV für künstliche Intelligenz kommt [TÜV for artificial intelligence is coming]- Süddeutsche Zeitung, 12/11/19

The Süddeutsche Zeitung reports that a German ‘AI observatory’ is to be opened as early as the beginning of 2020. The institution, which is based at the Federal Ministry of Labour, is to be regarded as a testing laboratory for AI software and will address, among other things, digital ethical challenges such as potential discrimination through and transparency of algorithms. The long-term goal is to establish a Europe-wide network of cooperating AI-assessment bodies.

Apple Card: Do women receive less credit than men?

Apple Card is being investigated over claims it gives women lower credit limits‘ – MIT Technology Review, 11/11/19

Apple only launched its new credit card, the Apple Card, in the USA in August of this year, and already the first accusations of discrimination are emerging: the well-known web entrepreneur and founder of Basecamp, David Heinemeier Hansson, as well as Apple co-founder Steve Wozniak, published via Twitter that Apple Card granted him the multiple (up to 20 times) of his wife’s credit limits, even though they had no separate assets or bank accounts. Because it seems to give men higher limits than women, the algorithm that sets credit limits for users is now facing closer scrutiny.

Nasdaq uses AI to detect fraud

AI will now watch for fraudsters on the world’s largest stock exchange‘ – MIT Technology Review, 7/11/19

To monitor illegal activities, the largest electronic stock exchange in the USA is now entrusting an AI system with the task of automatically detecting manipulations such as churning and spoofing. In cooperation with human analysts, the deep learning-based software monitors over 17.5 million trades per day. Since artificial intelligence is constantly learning, it can also adapt to the increasingly complex manipulation attempts of trading.