Category: Emerging Technology

Microsoft urges regulation of face-recognizing tech

When face recognition is used to gain access to a secure location or function, what happens when one’s likeness is stolen and reproduced? What happens when the local police monitor all political rallies and use facial recognition to identify each individual in attendance? What if businesses scan your face upon entry and dynamically change prices based on their estimates of your income and wealth? Microsoft’s chief legal officer on Friday called for regulation of facial...

#Uber suspends self driving car testing

After a fatal crash with a pedestrian, Uber has suspended road testing of its self driving cars in Arizona, Ontario, Pennsylvania and California. In the latter case, Uber is not even renewing its state permit to conduct on the road tests. Some think this suggests safe, general purpose, self driving cars may not be coming as soon as many were expecting. Source: Uber suspending testing of self-driving cars in California – Axios

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Bitcoin

A very decent explanation for those not wanting to read the technical paper: “There’s no easy way to explain Bitcoin, but let me wave my hands and try: When you go to the ATM at a store and get money to buy a six-pack, you put in your bank card. The transaction processor verifies it somewhere in the ether, takes a fee, and spits out cash. It’s all powered by software. OK, deep breath. Acquiring...

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Governments set to regulate and issue their own cryptocurrencies

Why the Bitcoin bubble may explode when it pops: One reason for regulating blockchain-based cryptocurrencies, also known as digital tokens, is the growing concern that the virtual money they represent could be used for nefarious activities, such as money laundering. Cryptocurrencies could also be a threat to the current financial system because they have at times encouraged unbridled speculation and unsecured borrowing by consumers looking for a piece of the crypot action. Source: Governments eye...

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Autonomous self driving cars’ sensor arrays may be used for intensive public surveillance

Autonomous self-driving cars are continuously surveying their surroundings using an array of sensors and recording this to memory. In the event of an accident of malfunction, this data can be retrieved for analysis. However, this data could also be retrieved as surveillance data – even when the vehicle itself has not been in an crash. Consider, a bike versus human driven car crash at an intersection. Two other vehicles at the intersection are autonomous vehicles...

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Within 20 years, a majority of today’s jobs may be automated

Study finds that 2 in 3 jobs in Las Vegas may be automated by 2035. That’s just the headline. The real story is that 50% or more of jobs in most metro areas at a risk of automation by 2035. Areas in yellow, orange and red indicate where more than 50% of local jobs are at risk of being automated by 2035. Source: Future job automation to hit hardest in low wage metropolitan areas like...

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High tech lobbyist thinks US tech needs more government subsidies

“Other nations have responded with smart, well-funded innovation policies like better R&D tax incentives, more government funding for research, more funding for technology commercialization initiatives.” Source: The U.S. Drops Out of the Top 10 in Innovation Ranking – Bloomberg Basically, the bastions of free market capitalism want taxpayer funded subsidies like everyone else.

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Bitcoin now viewed as not useful for most modest transactions

Over the past year or two, as block size limits have been reached, Bitcoin has evolved to become better-suited to being an asset than being a means of exchange. Given the overall success that the Bitcoin community has achieved, it’s hard to quibble with the decisions that have been made along the way. (And we’re certainly happy to see any novel, ambitious project do so well.) This has led to Bitcoin becoming less useful for...

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