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Technology 28 January 2019

The Week in Internet News: Placing Money on AI

Grant Gross
By Grant GrossGuest AuthorTechnology Reporter

AI manages your money: Artificial Intelligence may eventually replace your financial advisor, Forbes suggests. AI can already spot financial trends really fast, but it may eventually compete with the personal touch of a human advisor, the story says. “Because artificial intelligence learns so much faster than humans, it is simply a matter of time before artificial intelligence can read human nuances and have an emotional intelligence quotient that exceeds those of most humans. When that happens, in the next few years, financial advisers will have a hard time competing based on personal relationships.”

Banning news: Russia has moved to ban what the government defines as fake news, joining several other countries headed in the same direction, the Boston Globe reports. A second law bans the publication of information showing disrespect to government bodies and officials. The fake news law allows fines of up to US$15,000.

Less fake, more news: Despite headlines about the spread of fake news during the 2016 U.S. elections, a majority of U.S. residents didn’t see fake news on social media, two recent studies suggest. On Twitter, fake news appeared on the feeds of just 1.1 percent of users, according to one study detailed in Science.

Another approach: Staying on the topic of fake news, the Microsoft Edge browser is taking a different approach than policymakers trying to outlaw it, TechCrunch reports. Microsoft’s mobile Edge browser now installs with a built-in fake news detector called NewsGuard.

Constant monitoring: Internet of Things devices should be constantly evaluated and scored for security, a Computer Weekly story suggests. IoT users have a right to know about vulnerabilities in devices they use, Barracuda Networks told the publication.

Blockchain loves AI: The two technologies are match made in heaven, Forbes says. While blockchain and AI have both been victims of massive hype, blockchain can help secure the data that AI runs on, the story says.

Read the Internet Society’s Artificial Intelligence and Machine Learning policy paper and explore how it might impact the Internet’s future.

Disclaimer: Viewpoints expressed in this post are those of the author and may or may not reflect official Internet Society positions.

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