Technology: Microsoft has identified a new risk in their business which involves AI softwares making biased decisions.
“Microsoft also formed a group in March called AI and Ethics in Engineering and Research, or AETHER, headed by company executives to combat AI issues inside the company.
“If we are training machine learning systems to mimic decisions made in a biased society, using data generated by that society, then those systems will necessarily reproduce its biases,” Hanna Wallach, a senior researcher at Microsoft, said in the company’s blog post.”
Read the full article on Quartz: Microsoft warned investors that biased or flawed AI could hurt the company’s image
SingPost: Recent increase in mail delivery failures has prompted action to be taken to improve the services of SingPost
“She added: “SingPost’s Board and management agree with my Ministry and IMDA that a thorough review of its operations and manpower has to be made even as it takes immediate steps to remedy the service lapses.”
For one, SingPost “must make itself ready” for a new operating environment, which has seen the volume of parcels increase significantly on the back of e-commerce.
“As a result, it has to deliver 38,000 items daily which cannot fit into letterboxes and its postmen have to now conduct more deliveries for parcels,” said Ms Sim.
“This works out to an average of 35 to 45 doorstep deliveries per postman per day in Singapore’s urban landscape with many high-rise HDB blocks and condominiums, in addition to delivering letters to letterboxes.”
Given how the work of a postman has become even more labour intensive, Ms Sim stressed that the postal workforce must be treated fairly and be well-equipped to perform their job.”
Read the full article on Channel NewsAsia: Singapore considering delivery standards for parcels, registered mail: Sim Ann
Cybersecurity: The threat to people of high net worth is not so much physical threat, but other forms of digital risks.
“Since the revelations about Bezos, whose fortune is estimated at more than US$130 billion, computer security experts interviewed by AFP report an increase in calls from wealthy clients asking them to verify that their computer systems and devices were not hacked.
“Today’s threats however are not necessarily trying to breach the walls of the castle – they are already inside, residing on personal devices,” said Kris Coleman, the founder of Red Five Security.
“Experience has shown that the typical breach is not discovered for eight months.”
In this ever-more connected age, more and more personal data is stored online – from social security numbers to bank details, driver’s license numbers and personal addresses.
As a result the focus of security measures for the ultra-wealthy has shifted from bodyguards and sophisticated alarms towards risk management to protect their assets, their image and their “legacy.” ”
Read the full article on Channel NewsAsia: Bezos case exposes billionaires’ vulnerability to hackers