A library of snippets
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The question isn’t whether AI will be good enough to take on more cognitive tasks but rather how we’ll adapt. Nobel prize winner Daniel Kahneman is the world’s leading expert in human judgment and spent a lifetime documenting its shortcomings. Yes, AI may have flaws, but human reasoning is deeply flawed, too. Therefore, “Clearly AI is going to win,” Kahneman remarked in 2021. “How people adjust is a fascinating problem.”
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We demonstrate how the combination of rule-based semantic engines and large language models can be used to significantly improve developer productivity with better code completion.
From ML-Enhanced Code Completion Improves Developer Productivity – Google AI Blog.
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FICO recently commissioned a survey of U.S. consumers, in which it asked:
What is crucial to the future of your financial success?
Only 1% of respondents mentioned a bank.
1%.
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ChatGPT, now open to everyone, has made an important transition. Until now, AI has primarily been aimed at problems where failure is expensive, not at tasks where occasional failure is cheap and acceptable — or even ones in which experts can easily separate failed cases from successful ones. A car that occasionally gets into accidents is intolerable. But an AI artist that draws some great pictures, but also some bad ones, is perfectly acceptable. Applying AI to the creative and expressive tasks (writing marketing copy) rather than dangerous and repetitive ones (driving a forklift) opens a new world of applications.
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Apple’s ambition is to blend both payments and identity, to not only be the gateway to every transaction globally with Apple Pay, but every verification globally with Apple mobile identity credentials.
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Benefits of the European Digital Identity
The right of every person eligible for a national ID card to have a digital identity that is recognised anywhere in the EU
A simple and safe way to control how much information you want to share with services that require sharing of information
Operated via digital wallets available on mobile phone apps and other devices to:
identify online and offline
store and exchange information provided by governments e.g. name, surname, date of birth, nationality
store and exchange the information provided by trusted private sources
use the information as confirmation of the right to reside, to work, or to study in a certain Member State
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The European digital identity wallet
One of the main policy objectives of the proposal is to provide citizens and other residents, as defined by national law, with a harmonised European digital identity means based on the concept of a European digital identity wallet.
As an electronic identification means (‘eID means’) issued under national schemes at assurance level ‘high’, the Wallet would be an eID means in its own right based on the issuing of personal identification data and the wallet by member states. The text of the Council’s general approach therefore further develops the concept of the wallet and its interplay with national electronic identification means.
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Ray Dalio, the multi-billionaire founder of asset management giants Bridgewater Associates, is as sceptical about Bitcoin as I am. He calls it “a tiny thing that gets disproportionate attention”. This a reasonable description, in my view, but it is at the same time worthwhile noting that its mere existence has triggered evolution across a number of sectors. I was convinced many years ago that Bitcoin is best understand as a protest movement rather than as money which Mr. Dalio says it is not very good at anyway. He says its not an effective money or store of wealth or medium of exchange.
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Fraud is a significant and growing problem. It currently accounts for around 41% of all crime against individuals.
From Progress combatting fraud – National Audit Office (NAO) report:
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Criminals can employ a wide variety of approaches to commit fraud but around 80% of fraud offences in the United Kingdom (UK) are enabled through computer technology. Tackling fraud therefore presents particular challenges because criminals can target thousands of victims remotely from anywhere in the world.
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Nordic payments operator Nets and Softpay equipped all 7-Eleven stores across Denmark with emergency tap-to-pay SoftPOS kit the day after the chain’s payments and checkout terminals were knocked out by a cyberattack.
7-Eleven Denmark was hit by a ransomware attack on all 176 stores in early August.
From Nets and SoftPay get 7-Eleven back on track after ransomware attack.
Why don’t all retailers have emergency SoftPOS kits in store anyway? Another word for an emergency SoftPOS kit is “a phone” and I’m pretty such the managers of most retailers, not to mention the staff, will have one of them.
Snippings