garbage out

Good morning from OWITH.ai, the podcast that gives you only what's important to hear in the AI and tech world. Today we have some interesting news for you.First, let's talk about the importance of understanding the principle of "garbage in, garbage out" when it comes to advanced technologies like artificial intelligence. Facial recognition systems have falsely accused individuals due to low-quality imagery, leading to harmful consequences. In fact, a man in Texas was falsely identified as a perpetrator of a robbery based on bad facial recognition technology, resulting in his arrest and alleged mistreatment. There are also concerns about a company called Parabon Nanolabs using machine learning to create 3D renderings of people's faces from DNA samples. Experts caution that there is no evidence that Parabon can accurately produce a face in the first place, and running its renderings through facial recognition systems could falsely implicate innocent individuals. Skepticism and scrutiny are needed when relying on advanced technologies for solving crimes.Moving on to other news topics, draft guidelines for new Chinese curbs on the gaming industry have mysteriously disappeared from the government's website. Microsoft's edge browser and Bing search engine may escape heavy obligations imposed by the EU's new antitrust law. The French data protection regulator has fined Amazon $35 million for excessive surveillance in its logistics facilities. These updates highlight the importance of understanding the limitations and potential risks associated with advanced technologies like AI and facial recognition systems.Next, the Securities and Exchange Commission (SEC) has revealed new information about a hacking incident that occurred earlier this month. The incident highlighted the lack of security on Elon Musk's platform, X, which was formerly Twitter. The hack occurred because someone at the SEC fell victim to a SIM swap, which is commonly used for criminal activities. This incident serves as a reminder for individuals to take their own security measures seriously.Venture capitalist Keith Rabois believes that Miami has the potential to become a hub for impressive companies within the next decade. He dismisses the significance of Stanford University's role in Silicon Valley's development and believes that Miami lacks angel capital, not happy and healthy entrepreneurs. In other news, Funds + Funds of Funds has raised €400 million for its second fund, focusing on investments in AI, technology, and healthtech. Various firms in the finance industry are demonstrating growth and success in expanding investment capabilities and fostering talent.At the Davos 2024 conference, it was emphasized that in a world in crisis, businesses and individuals should focus on doing a good job first before seeking attention in the headlines. Javier Olivan, the COO of Meta, has deliberately maintained a low profile and hasn't publicly spoken about Meta's plans to address disinformation ahead of the 2024 elections. This approach is crucial for Meta as it seeks to regain public trust. United Airlines is facing trouble due to the grounding of its Boeing 737 Max 9 planes, resulting in a forecasted first-quarter loss. Nippon Steel has promised to keep jobs in the U.S. if it completes its acquisition of U.S. Steel. Sony has decided to terminate its merger with India TV broadcaster Zee Entertainment due to stalled discussions.Lastly, the article discusses the current state of development towards Artificial General Intelligence (AGI) in 2024. Organizations such as OpenAI, Anthropics, Google DeepMind, and Meta's FAIR team are focused on achieving AGI while ensuring it benefits humanity as a whole. While there is no consensus on the definition of AGI, modern

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