Tag Archives: Algorithms trade.

THE BEADY EYE SAY’S: DO YOU WANT TO LIVE IN A WORLD THAT IS EXPLOITED BY PROFIT SEEKING ALGORITHMS.

16 Saturday Dec 2017

Posted by in Algorithms., Artificial Intelligence., Big Data., Capitalism, Life., Modern day life., Our Common Values., Sustaniability, Technology, The essence of our humanity., The Obvious., The world to day., Unanswered Questions., Wealth., What Needs to change in the World

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( A four-minute read)

We all urgently need to consider the implications of allowing commercial interests and governments to use algorithms to analyse our habits: Not because they are becoming all-powerful, that might turn into a source of repression, but because they are exploiting us all for profit.

They make decisions about us and on our behalf.

They are now integrated into our lives. We’re already halfway towards a world where algorithms run nearly everything. As their power intensifies, wealth will concentrate towards them. They will ensure the 1 per cent-99 per cent divide gets larger.

If you’re not part of the class attached to algorithms, then you will struggle.

On the one hand, they are good because they free up our time and do mundane processes on our behalf, but the problem is that when we outsource thinking to machines we are really outsourcing thinking to the organizations that run the machines.

At the moment ignoring the fact that they are driving the cost of living up it is not about algorithms per se, but about the way society is structured with regard to data use and data privacy.

As technology evolves, everything is going up in price.Image associée

Raw materiel’s are going up leap and bounds because of a dictatorship of data, that is concentrating on how to generate the most profit.

As profit seeking algorithms power intensifies, wealth will concentrate towards them.

They do so not out of the goodness of their little algorithmic hearts, but rather because they earn a “fee” for this service.

There are many different types of algorithms at play, with different intentions and impacts, however there is one thing that is becoming quite clear day by day that they are driving the human market makers out of business by being smarter and faster.

They are upending the nature of business, how government works and the way we live, from healthcare to education.

We should not allow ourselves to become so reliant on them – and who, if anyone, is policing their use. It’s impossible to do this perfectly. How are they being used to access and interpret “our” data? And by whom?

It won’t be long before big data denies us a bank loan or considers us unfit for a surgical operation, but we can’t learn the explicit reasons because the variables that went in programming them were so myriad and complex?

There is currently an awkward marriage between data and algorithms.

Big data is even change how we think about the world and our place in it. (Penalizing people based on what they are predicted to do, not what the have done.)Pair of handcuffs

Taken in the widest sense, algorithms OWNED BY MONOPOLIES are now responsible for the vast majority of activity on modern stock markets.

The well-being of our pensions, shareholdings, savings etc – are now largely determined by algorithmic vagaries.

Retail algorithms don’t scare me as we still have free will. However Algorithms are increasingly determining our collective futures.

Wherever we use computers, we rely on algorithms: With so much data around, and the ability to process it, big data is the bedrock of new companies profit.

Can we regulate them? I think not.

If you were leader of your country, what would you do?

I would have, Science, technology and inclusive innovation through education, on the national agenda.  Education free and equal for all.

Unfortunately this will not happen. Even if it did Profit seeking Algorithms will still be exploiting every weakness.    Résultat de recherche d'images pour "pictures of consumer exploitation"

There is only one defense.

WE MUST RE NATIONALIZE OUR SOCIAL SERVICES, SO ALL BENEFIT NOT JUST THE FEW. Nationalize what is important, Health, Power, Water, Education.

The key outcome of nationalization is the redirection of revenues to the country’s government instead of private operators who may export funds with no benefit to the host country.

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THE BEADY EYE LOOKS AT THE TYRANNY OF GROWTH.

02 Saturday Dec 2017

Posted by in Algorithms., G7., GDP., Happiness., HUMAN INTELLIGENCE, Humanity., Life., Modern day life., Social Media, Sustaniability, Technology, The cloud., The Future, The world to day., Unanswered Questions., United Nations, What Needs to change in the World, Where's the Global Outrage., World Leaders, World Organisations.

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( A Twenty minute read)

They say we have free will, but there are many types of tyrannies in our world.

You could describe our hand-held devices which are keeping us connected to anything, anytime, anywhere as one. 

We now use our hand-held devices for almost everything. More importantly, they use us for everything.

The extreme availability of information has not led to a more enlightened population, but to more confusion.

Connectivity is both a blessing and a curse.

It has become the pathway for almost all we do as we have become helpless without technology and the need for immediate data at our fingertips. But this is taking its toll.

The number of times we look at our phones daily would shock you: some studies say 50 times, others as many as 75 to 150 times. Most of our e mails are reactionary.Tyranny of the Should

Information technology is all-pervasive in production and consumption.

Each time we look at the phone, we look away from what we should be or were focused on. Our collective ability to stay focused on anything is destroyed.

How does this connect to Growth.

It is too simplistic to attribute all of our economic problems to government: indeed, that sort of reasoning is counterproductive: it absolves everyone else responsibility.

Although part of the responsibility lies with forces that are outside a government, a significant share rests with the attitudes, preoccupations, we have to Artificial Intelligence that is now analyzing our every movement to the extent that advertising is becoming personalized.

I’m not saying that growth is bad but growth that destroys value just for profit is cancer that is driving inequality with a tendency to cluster around the short-term, issues while ignoring reality is going to bite us all.

I want to begin by touching on a crucial economy-wide factor
in the erosion of our economic strength which fosters short-term
thinking.Résultat de recherche d'images pour "pictures of social media advertising"

Advertising:

 It is a major driver of unnecessary consumption.

This hasn’t always been the problem. Advertising use to inform you of the useful qualities of an object. Now it manipulates your emotions like anxiety and promises to improve social acceptance or class distinction.

It is now with a frenzy of social media advertising attaching its self to saving the world  that is driving consumption to new dizzying heights.

Growth for growth’s sake, is an ugly word with even uglier connotations when it is using social media in the form of algorithms FOR PROFIT, regardless of the cost.

So what is driving it:

In the information age, time is compressed and events are squeezed into ever-decreasing periods.

We have governments encouraging a restless, fleeting mode of being, and a superficial, hurried culture, which is inimical to fundamental values.

They encourage growth programs, the benefits of which are available   immediately, but the costs of which appear only at a later stage. They are less interested in public investments that have to be financed now but do not payoff adequately before the next election.

It’s as if human progress depends on economic progress.

At minimum, the kind of short-term oriented cycle in which we find ourselves behaves as though tomorrow is forever. And, in fact, a series of tomorrows will create a forever — a very predictable one — and not a very desirable or promising one.

Rewards which are heavily focused on short-term results, even if they make some financial sense, often do not deliver the economic promise or the synergy which is anticipated.

Perhaps it is true that the landmarks in human progress — in the arts, science, government, or elsewhere — have rarely been reached in societies in which the economy was unable to free most of its members from a daily obsession with subsistence needs.

On the contrary, wherever the economy is feeble or stagnant for
a prolonged period, where most people see their basic material
needs as unfulfilled and the prospects for improvement as
unlikely, the result is almost invariably either a dull fatalism
or political upheaval, neither of which is likely to be favorable
to liberty and freedom.

However we are now looking at a unremitting focus on economic growth. The drive to achieve growth at practically any cost and to the exclusion of all other measures of prosperity.

This focus on GDP growth as the prime measure of economic success is out of date. It’s not how big it is that counts, it’s what you do with it.

The distance to the future – is no longer the next election, it will be how much you are willing to pay the Cloud for information. The cumulative effects of almost five decades of constantly accelerating reliance on government regulation to address social inequities and problems is coming to an end.Résultat de recherche d'images pour "pictures of social media advertising"

The linkage between ownership and participation is changing.

Social Media is not just eroding the meaning of democracy but effecting our critical thinking skills. Polluted with consumption advertising it is adding to global inequality.

While there are hundreds of different marketing strategies, only one can bring in consistent sales from day one. Social media advertising. This is why global social ad spending doubled from $16 billion in 2014 to $31 billion in 2016 and is projected to increase another 26% in 2017.

One of the fascinating things about social advertising is that there is virtually no limit to your ability to scale.You don’t have to wait for someone to search for your targeted keywords. You don’t have to wait for someone to run your promotion or read your blog.

( For Instance:

With more than 2 billion monthly users, Facebook hosts over a quarter of the world’s population, providing advertisers with an unparalleled opportunity to reach virtually anyone and everyone. It provides free lead magnet like:

  • Whitepapers
  • Ebooks
  • Product coupons
  • Sitewide discounts
  • Limited-time offers
  • Giveaways
  • Free shipping

These leads can then be nurtured with a targeted autoresponder. Offering free products, download-ables and predictable discounts and coupons for her audience. Doing so has earned Facebook more than $1,000,000 in annual sales in just 2 years. Facebook allows more advanced targeting than any other advertising platform on earth. Advertisers can target by location (within a 5-mile radius), job description, interests, past activity, and many other incredibly valuable criteria.

Instagram now boasts more than 500 million monthly active users and commands one of the highest audience engagement rates in social media, 58% higher than Facebook and 2000% higher than Twitter.

Twitter with 328 million monthly active users, it remains one of the most popular social media platforms. Brands don’t need to pay in order to reach their followers, which enhances the platform’s value even when running paid ads.

Pinterest: With 175 million monthly users is highly targeted toward women with an 81% female user base.

LinkedIn : Where you tend to find the highest average disposable income, has an estimated 227 million monthly active users.

Snapchat Advertising:    310 million users.   

All Social advertising is incredibly measurable.)

(You can, in fact, control when you choose to look at your hand-held device.)

In light of this one easy solution to over-consumption would be to ban advertising- at least in pubic places and on Social Media where Profit seeking Algorithms are used.

Much of’ the crippling of our economic systems can find its roots in Algorithms for profit. (see previous posts)

The consequences of elected government’s short-range perspective are not difficult to understand. They are seen as having succeeded in undermining the economy through overbearing regulation, tolerance of inflation, indifference to the cost of environmental and social programs, and a pervasive anti-business attitude.

Government thus diminishes the private sector’s sense of responsibility —
both in economic and ethical terms — for its own conduct and for its own performance.

While I appreciate that degrowth will not happen as quickly as we need it to do and it will take generations to move our collective consciousness on most issue, we don’t have that kind of time any longer.

Technology that ostensibly should help people save time, has instead led to a situation where time is scarcer than ever.

When an exponential growth curve becomes vertical, time has ceased to exist as duration.”life stands still at a tremendous speed”, with serious consequences for culture, intellectual life and the very fabric of society.

What we do not know today is what it will take to send us to
the pumps.

The struggle now concerns the right to be unavailable, the right to live and think more slowly.

Choosing to live according to one’s own self-made conception of reality, human nature, and happiness is a recipe for tyranny.

It is about time that we ask what wireless communications and the Internet are preconditions for. They are problems need to be understood well, in order to be dealt with the political upheaval that is around the corner.

Relying on averages generate by computers is worsening inequality

within countries, and the world as a whole.

So is there anything that can be done legitimately that will have a positive effect.

Becoming more grounded in ones own true feelings and perceptions is a primary indication that one has begun to free himself from the “tyranny of the should.”

Assuring that investment in future profitability is not sacrificed on
the altar of quarterly earnings growth. Refocusing our approach to economic decision-making, to benefit all not the few.

Willingness to pay the price today for the health and vitality of the country tomorrow is the ultimate test of stewardship. To live with a view to the regime should not be supposed to be slavery, but preservation.

Finally, it is as we all know easy to point the finger, however we are the will in any form or symbol and we are identifiable as water.  

However if we are to address any of our world problems and stop the self-perpetuating downward cycle, with all the suction of a whirlpool, from which there will be no escape we cannot and should not rely on technology to bail us out.

There is only one solution. Make Greed pay a World Aid commission of 0.05% ( See previous post)

Technology, if it has not yet become the de fac~o

decision- — . . . maker in the production process, has

certainly become a participant who cannot be

ignored.

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THE BEADY EYE SAY’S: WE ARE BEING TRICKED BY AI INTO SEEING SOMETHING THAT’S NOT ACTUALLY THERE.

06 Monday Nov 2017

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( A thirty minute read)

The applications for robot technology patents has tripled within a decade. Last year nearly a quarter million robots were sold worldwide, a record according to the International Federation of Robotics.

There is apparently no end in sight for the growth, and worldwide, it could mean as many as 2.3 million in operation by 2018 – twice as many as there were in 2009.

As with many changes driven by technology, there is no question if but when we will see the first applications in our daily lives.

It can be easy to only focus on our material success versus the
deeper aspects of what makes us human. The unknown question is just what is the Technological Revolution doing to all of us.

If we don’t know ourselves, how will machines know what we value.

If we don’t find good defenses against exploiting Algorithms there will come a time when machine learning Algorithms will make not just us but the whole world weep.

Yes the world could and should strive to develop technology that take hundred of millions out of poverty, to reduce our reliance of cheap carbon-based fossil fuels, to reverse climate change, to conquer cancer etc.

However the ultimate barriers to achieving a decent life for all, is neither technological nor environmental, it is our unwillingness to share.

As I have posted in many previous posts there is only one way to achieve sharing.  We must place a world aid commission of 0.05% on all items that seek profit for profit sake. ( See previous posts)

Unfortunately although this is possible to achieve with technology, it will never happen due to our, ” I am all right jack world.”

One way or the other, it is time we started to ask the questions.

What respective places for public research and private research are there?

What kinds of cooperation exist between the two sectors?

What are the priorities for investment in artificial intelligence
research?

What ethical, legal, and policy principles should guide these new technologies?

And finally, should regulation take place at the national, EU, or international level?

Why should we be asking these questions?

Because: We don’t realize, ( WITH THE WOEFUL STATE OF GEOPOLITICS – LAWMAKERS, POLITICIANS) what damage social media and its profit algorithms are currently inflicting on Society.

Because: AI is the CATALYSIS FOR A MASSIVE PANDORA’S BOX:  and we will need to come to terms with it.

Because: Social media platforms allow individuals to reach thousands of people via a single post, making their views readily accessible to a potentially vast audience.

Because: The computer revolution is over.

Because:  Now is a good time to start paying attention.

For now, there are many more questions than answers.

For Instance :

WE ARE ONLY BEGINNING TO SKIM THE SURFACE OF WHAT SORT OF PROBLEMS OR OPPORTUNITIES AI IS POSING TO ALL OF US.

The suggestion comes amid fears some robots may become psychopaths.

So what is the legal definition of “smart autonomous robots”

Is it an industrial robots installed on factory floors, carrying out repetitive tasks.

Is it professional service robots used outside traditional manufacturing like surgical robots in hospitals or milking robots on farms.

Is it consumer robots like vacuum cleaners, lawn mowers etc.

Is it software-based AI to help doctors improve their diagnosis or in recommendation systems on shopping websites.

Is it sophisticated sensors AI-based software, increasingly used to make all kinds of devices and objects around us intelligent.

Non of these vision given the impact on our society and economy, address any of the very profound ethical questions.

Supreme Court judges could soon be out of a job, as it appears that robots are just as good in court. Scientists have designed a machine-learning algorithm that can accurately predict over 70 per cent of Supreme Court decisionsThere are also fears robots may take jobs from humans leading to an employment crisis.

FOR INSTANCE:

THE LEGAL CHALLENGES.

The next major way in which social media will change the court system will relate to its impact on court procedure and the law. The impact of the Internet on traditional legal principles, law research and case management.

WHO IS GOING TO MAKE A CONTRACT WITH A MACHINE THAT IS DRIVEN BY A SELF LEARNING ALGORITHM.

WHO IS GOING TO BE RESPONSIBLE WHEN A SELF DRIVE CAR KILLS SOMEONE OR A MERIDIAN OF OTHER LEGAL POSSIBILITIES.

It is clear, however, that the European Parliament is making inroads towards taking an AI-centric future seriously. The European Parliament Legal Affairs Committee recently presented a report on civil law rules on robotics. A mandatory insurance has been suggested by EU MPs, which would say that the manufacturer of the autonomous robot needs to arrange insurance, against any ill effects of their creations.

Last month, in a 17-2 vote, the parliament’s legal affairs committee voted to begin drafting a set of regulations to govern the development and use of artificial intelligence and robotics. To establish an European agency for AI and robotics, a registration system for the most advanced ones, and a mandatory insurance scheme for companies to cover damage and harm caused by robots.

(This report is very timely and points at some crucial issues that need to be addressed. e.g. to enforce ethical standards or establish liability for accidents involving driver less cars.)

They have set up SPARC, the Public-Private Partnership for robotics in Europe, to develop a robotics strategy for Europe. With €700 million EU funding and, adding private investment, an overall investment of €2.8 billion, SPARC is by far the biggest civilian research program in this area in the world.

To my mind the Regulation and Registration of Profit Algorithms is essential, before we find ethical theories turning into decision procedures, even algorithms.

The prospect of reducing ethics to a logically consistent principle or set of laws is suspect, given the complex intuitions people have about right and wrong.

Trust and cooperation cannot be built by the dogmatic imposition of
one framework over another or through the rigid application of one view
of what is ethically “correct.” Rather, they require the capacity to see the
other’s point of view.

Perhaps one might have come to a similar conclusion through just thinking
about the moral decision-making of humans, irrespective of autonomous
machines.

However, reflection on a comprehensive approach toward teaching robots right from wrong has demanded attention to aspects of moral decision – making that people normally take for granted in their daily, frequently less-than-perfect attempts to behave ethically toward each other

Humans have always looked around for company in the universe.

Their long fascination with nonhuman animals derives from the fact that animals are the things most similar to them. The similarities and the differences tell humans much about who and what they are.

As AMAs become more sophisticated, they will come to play a corresponding role as they reflect humans’ values. For humanity’s understanding of ethics, there can be no more important development.

It seems to me that over the past forty years or so that as technology has increased exponentially people in general terms do not seem to feel better about their lives and may even feel worse because they aren’t reaching the levels they had hoped to achieve.

Even if you discount the utopian and dystopian hyperbole, the 21st century will be defined not just by advances in artificial intelligence, robotics, computing and cognitive neuroscience, but how we manage them.

With each new advancement in AI and robotics, we are brought closer to a reckoning not just with ourselves, but over whether our laws, legal concepts, and the historical, cultural, social and economic foundations on which they are premised are truly suited to addressing the world as it will be, not as it once was.

The conclusion is that up to now humans have enjoyed the exclusive claim to biological intelligence and all future intelligence must be judged against that benchmark.

Indeed our religious and philosophical beliefs revolve around that we are special.

It is incumbent upon all of us to engage with what is going on, to understand its implications and to begin to reflect on whether efforts such as the European Parliament’s are nothing more than pouring new wine into old wine skins.

There is no science of futurology, but we can better see the future and understand where we might end up in it by focusing more intently on the present and the decisions we have made as society when it comes to technology.

As a society we have made no real democratic decisions about technology, but have more or less been forced to accept that certain things enter our world and that we must learn to harness their benefits or get left behind, and, of course, that we must deal with their fallout.

Indeed, AI has over promised in the past, and therefore any decision should be based on factual information rather than unrealistic expectations from the technology.

These are only some of the issues that AI Algorithms present.

Prioritizing Human well-being in the Age of Artificial Intelligence is for me what it is all about.

In a world that is heading rapidly to where we can’t  think for ourselves that is already plagued by tweets that are both malicious and false, should robotic copies of humans have human rights.

SOME WILL SAY YES, BECAUSE IF THEY ARE INTELLIGENT AS US THEY HAVE A LEGAL RIGHT.

But who, is responsible for robotic devices capable of killing – should the Laws of War change?

WHO should be allowed to vote.  If a robot is the property of its “owner” should they have any greater moral claim to a vote than say, your cat?

HOW OR WHO IS GOING TO BE RESPONSIBLE FOR ALGORITHMS THAT ARE SOLELY PROFIT SEEKING OR RACIALLY BIAS.

OUR LEGAL SYSTEMS ARE ALREADY STRUGGLING WITH SOCIAL MEDIA.

The use of social media is having an adverse impact on the administration of justice in relation to the fairness of criminal trials, the right to anonymity and the integrity of judicial orders in criminal proceedings.

The principal problem for courts is not the technology of social media, but (i) how the powerful tools it offers are redefining interactive communications between courts and the public, and (ii) how most courts, apart from those few on the cutting edge, are being compelled to respond to this constantly evolving electronic interactive communications platform,
sometimes against their will.

Electronically-based communication will not only affect how proceedings are case managed and run; it also will have an impact on judgment style and publishing, as judgments become available to a global social media audience.

Social media also may foster changes in certain legal principles and causes of action. There will be new crimes and torts, discovery and court
management issues, and new courtroom set-ups – perhaps even “virtual” ones.

Social media’s impact on the court is not simply as a new means for publishing judgments and information, but also on how judges and courts perform their activities in an electronically-connected community where the users of the system can, and will, respond directly to how justice is being administered.

The fundamental right to a fair trial does not change in the face of any new means of communication.

Rules can and must reflect the new reality of same.

Although social media use is commonplace in business and homes, it raised questions about its impact on judicial independence and the desirability of judicial or court use of this informal, public, form of communication.

Contempt of Court laws are designed to prevent trial by media, however, are they able to protect against trials by social media?

We are definitely in a different world when social networks are affecting justice.

We also have to contemplate the possibility that responsible jurors not trying to look for anything about a case might just stumble upon commentary if it’s widespread enough in their normal social media usage, and that’s the world in which we now live and the world we have to deal with.

It is a great tool for the mass dissemination of information but it is also a tool for spreading false information, false claims.

We need to strike a balance between the rights of the individual to express their views via social media and the protection of fairness in criminal proceedings.

  • ‘Who, when, what’ guidelines to be developed for using social media in courtrooms

The justice system must “catch up with the modern world”

In Australia and in New Zealand they have set up social media accounts, allowed social media reports of court proceedings and dealt with the tender of social media evidence in a wide range of civil and criminal proceedings.

Setting up Court Twitter/Facebook account seems straightforward; what sort of organization would refuse to be part of a means of communication used by everyone else? But it leads to the next issue the courts must determine, namely whether managerial techniques appropriate to other parts of the public sector are appropriate for courts.

Are the judgments of courts part of the community’s business and social activities in which the service user has a say, or is the court’s role “part of a broader discourse by which a society and polity affirm its core values, apply them and adapt them to changing circumstances” in a manner which is without parallel to other parts of the public sector?

Mobile computing and wireless technology.
• Interconnectivity, notably ‘the Internet of Things’ and cloud computing.
• “Big data” analysis (e.g. the use of “predictive coding” in discovery).
• Electronic records management systems (“ERMS”) for retention of electronically stored information (“ESI”).

It is unlikely that the search and social media giants are going to change their indexing and ranking procedures anytime soon.

It is easy to see how people may become confused thinking that robots express emotions whereas they are actually machines and do not have any feeling.

If we can’t stop its progress we’d better be involved in it to ensure it is not done on the conditions of others based on their values.

Somebody is paying for the development of robotics, so the system must be something that gives them a legal certainty.

“Is everything that is feasible also desirable and how can we avoid
unintended consequences of robotics and Artificial Intelligence?”

The sooner we require all AI programs to be vetted, and registered the better. By doing this the notion of liability must evolve to best define accountability for a robot, its operator, and software algorithms.

The shady (indeed illegal) nature of the businesses which created social media, (as well as most other 20th century communications developments) the security risks and the interactive nature of social media render its use by courts, and in particular by judges, a two-edged sword. 

A search for “global warming,” for example, may reveal different results for different users depending on which websites are bookmarked, which political blogs are visited, or even what groups the users belong to on Facebook.

Robotics and Artificial intelligence are the cornerstone technologies with Google, Amazon, Facebook – everyone is jumping onto artificial intelligence at the moment. The line was between what you could say and what you couldn’t not any more in the full glare of the new social media world.

Google’s enormous legal resources and documenting their scepticism in response to court-imposed judgments and services is a case in kind.

Justice by algorithm.

Robots who can interact with humans in different roles. With their programmed empathy,they say “information is power”. This is why transparency is something that so many seek. The biggest roadblocks will come from those who have created and benefited from their systems

I am not a technologist. Neither a law keeper.Résultat de recherche d'images pour "pictures of empathy"

Algorithms for profit are creating an imbalance in the society, where each person begins to seek justice individually, according to their personal understanding, instead of shared values and beliefs. That will be a dangerous society to live in.

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THE BEADY EYE ASKS: ARE WE ALL FOOLING OURSELVES. UNREGULATED PROFIT SEEKING ALGORITHMS WILL BE THE LAST THE LAST STRAW NEEDED IN A WORLD OF INEQUALITY.

01 Wednesday Nov 2017

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( A twenty-minute read with an hour listening)

Its time to sit up and take notice.

The consequences of Profit seeking AI’s that are trying to emulate human intelligence without a conscious mind to give them any moral value, are going to be tragic for a world that is unable to unite to fight inequality, not to mention Climate Change.

As we don’t know our inherent objectives WITH AI we are playing with dynamite.

Even if every one of us was gets a perfect AI Assistance we will not be able to share its benefits, because AI will lie to us to please us.

We are already witnessing this with Facebook and Twitter on social media promoting false images and gossip that is distorting what is true.

If you were expecting some kind of warning when computers finally get smarter than us, then think again. There will be no soothing HAL 9000-type voice informing us that our human services are now surplus to requirements.

In reality, our electronic overlords are already taking control, and they are doing it in a far more subtle way than science fiction would have us believe.PHOTO: Sophia an artificially intelligent human-like robot is pictured during the AI for Good Global Summit, June 7, 2017, in Geneva.

Their weapon of choice – the algorithm and one has just been granted citizenship of Saudi Arabia.

It attracted international headlines — and sparked an outcry against a country with a shoddy human rights record that has been accused of making women second-class citizens.

A robot simulation of a woman not wearing a headscarf enjoys freedoms that flesh-and-blood women in Saudi Arabia do not.

Where was her male guardian, as required by Saudi law for women.

Perhaps Saudi woman should become robots.

Saudi Arabia doesn’t grant citizenship to the foreign workers who make up a third of its population, not even families that have been in the country for generations. Children of Saudi women who are married to foreign men cannot receive citizenship. Sophia the Algorithm was manufactured in Hong Kong.

One thing’s for sure: As AI grows more advanced its invisible Algorithms arms are already taking control of decision-making.

They might well be running gigantic warehouses, matching kidney donors with recipients, running Heathrow traffic control, but this is only the start.

The smart machine era will be liberating in ways we can not imagine to-day,  but at what cost.

There is fine line, between “good” and “bad” algorithms.

The point is that we need to start thinking seriously about algorithms.

Right now there are people coming up with new algorithms by applying evolutionary techniques to the vast amounts of big data via genetic programming to find optimizations and improvement in different fields.

They are not just for mathematicians or academics they are all around us and you don’t need to know how to code to use them or understand them, in fact without them most of the modern world would not work.

However we are looking at an area that is total unregulated where all algorithm activities to make profit are outside any of our current laws.

The rise of Big Data and algorithms known as machine learning algorithms are trawling vast collections of data which will allow for vast numbers of decisions to be automated with no recourse.  AI for the sake of AI’s. 

The market will be more than trillions by 2026.

Big data by itself it is not trans-formative. Data is inherently dumb. It doesn’t do anything unless you know how to use it and act with it.

There are very few of us know how to do so.

One way or the other it is going to be a multi-trillion feast for those how do. 

Algorithms or artificial intelligence will be more efficient, less expensive, and – if well-designed – more accurate than humans.

Algorithm is where the real value lies. Algorithms define action. It is these invisible computations that increasingly control how we interact with our electronic world.

Algorithms may be cleverer than humans but they don’t necessarily have our sense of perspective – As algorithms spread their influence beyond machines to shape the raw landscape around them, it might be time to work out exactly how much they know and whether we still have time to tame them.

Wall Street today, is mostly governed by high frequency trading algorithms and Business is following.

Now, researchers are working on the next generation of these learning algorithms, which are heavily used in machine learning and artificial intelligence and may become the foundation that critical technological advances are built on.

Basically, even though most people haven’t even heard of deep-learning algorithms, better ones could mean a future that includes smarter homes, and robots that care for parents and walk our dogs.

Deep-learning algorithms also will be used with our smart appliances, smart cars and wearable technology — stringing it all together in the much championed Internet of Things. Résultat de recherche d'images pour "métropolis film analyse"

So what?  In the digital world anything goes.

Streaming App Algorithms are increasingly wielding an outsize influence on our lives, influencing politics and the economy.

We have all become so complacent that we don’t care what technology (In the form of Algorithms that are driven by machine learning ) is doing to our lives, irrelevant of the consequence we all becoming dumber and dumber with platforms deciding what we see and what we don’t see.

We have become indifferent to the commercial use of our personal data in return for free services.

Every day supplying through our smart phones more and more data it wont be long before the online world will be more important than the real world.

Before the Algorithm the way we live our lives is often not solely determined by us, but by others. Others decided if we will be hired, will receive loans, are admitted to university or have committed a crime. Traditionally, “the others” have been humans: employers, bank managers, university board members or judges – who we expect to make fair decisions.

This no longer applies.

Algorithms are increasingly part of our everyday lives, from recommending our films to filtering our news and finding our partners, deciding our futures.

We need to better understand them and control, our own futures.

Algorithms and AI are the future, but we must not allow them to become a shield for injustice.

The amount of data we have available to us now means that we can no longer think in discrete terms.

This is what big data forces us to do. It forces us to take a step back, an abstract step back to find a way to cope with the tidal wave of data flooding our systems.

But is this any longer possible?

“Learner algorithms” can be used to create new algorithms which in turn can write the code we need, “with machine learning, computers write their own programs, so we don’t have to.”

Here lies the Catch 22 question.

Virtual data centers through cloud providers are analyzing our every move for profit. Selling the data to Hedge funds investment firms driven by vision algorithms that analyzing satellite images, and geolocation, websites.

If we don’t open or eyes they will govern the cost of everything from food to energy.

There have been other periods in human civilization where we have been overwhelmed by data. Like the Phone represented a discrete means to communicate information. A book, on the other hand, is an abstract means of communication in that there is no direct interaction between writer and reader.

So why are Algorithms different?

Because we will have Algorithms for the sake of algorithms.

So what are Algorithms?

They are sequence of steps that describes an idea for solving a problem meeting the criteria of correctness and terminability. An abstract recipe for the calculation independent of implementation. Another words: Algorithms are a finite number of calculations or instructions that, when implemented, will yield a result.

While Code/ Programming is a set of instructions for a computer. A concrete implementation of the calculation on a specific platform in a specific programming language.

Algorithms have been around for much longer than the invention of coding.

Algorithms are already started to show their potential to create a new era of abstraction by going a step further.  Not only will they search for a patterns but they will also create the code we need to do this.

Algorithms enable us to find patterns via clustering, classification, machine learning and any other number of new techniques underpinned, not by code, but by algorithms.

Like: With algorithms tracking Tweets or Facebook the Cloud will be Metropolis of 21st century.

Résultat de recherche d'images pour "métropolis film analyse"

If we can feed them a lifetime’s worth of videos. We might see some significant improvements that would get us closer to using predictive-vision in real-world situations.”

To achieve this we need to better understand how these algorithms work and how to tailor them to suit our needs. Otherwise we will be unable to fully unlock the potential of this abstract transition.

And if all of the above is not scary enough there will be war AI neural networks to decide whether a person is deemed expendable or not.

Artificial intelligence does not have to be a horror story of course if we take steps to Registrar all Algorithms.  (See previous posts)

It is imperative that all Algorithms are Provable beneficial to all of us, not to one objective profit.

If we lose our autonomy to AI/ Algorithms machines we end up as the three monkeys  – see no evil, hear no evil, speak no evil.

We are addicted to Technology. These Algorithms that have profit as their targets will ensure that we remain so.

Retail algorithms don’t scare me, I find it annoying when Amazon tells me what I might like.

Now is the time to make your voice count.

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THE BEADY EYE SAYS; ARTIFICIAL INTELLIGENC AND ITS ALGORITHMS SHOULD BE REGULATED

15 Sunday Oct 2017

Posted by in Algorithms., Artificial Intelligence., Freedom, HUMAN INTELLIGENCE, Humanity., Innovation., Our Common Values., Technology, The Obvious., The world to day., Unanswered Questions., What Needs to change in the World, Where's the Global Outrage., WiFi communication.

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( THREE MINUTE READ) Image associée

Can it be regulated?

I have addressed this subject in several previous posts.

You would think that we should learn from previous regulations, like those on the food, pharmaceutical, automobile etc all typically applied after something bad had happened, not in anticipation.

WHEN IT COMES TO TECHNOLOGIES THAT HAVE THE CAPABILITY TO LEARN FROM THEIR OWN ACTIVITIES, with the –  possible of impacting on the full spectrum of benefits and risks to humanity ― from the possible development of a more utopic society to the potential extinction of human civilization.

IT IS IMPERATIVE THAT WE HAVE SOME FORM OF CONTROL.

Without unnecessary constraints on AI researchers and developers, fundamental research fields or technologies should not be regulated.

Aspirational principles alone are not enough, if they are not put into practice, and a question remains: is government regulation and oversight necessary to guarantee that AI scientists and companies follow these principles and others like them?

Even today, we’re seeing signs of narrow AI exacerbating problems of discrimination and job loss, and if we don’t take proper precautions, we can expect problems to worsen, affecting more people as AI grows smarter and more complex.

The recently founded Partnership on AI  founding document states that:

“Where AI tools are used to supplement or replace human decision-making, we must be sure that they are safe, trustworthy and aligned with the ethics and preferences of people who are influenced by their actions.”

Because these problems threaten society as a whole, they can’t be left to a small group of researchers to address. At the very least, government officials need to learn about and understand how AI could impact us all.

YOU WOULD WONDER WHY, the topic rarely comes up in political discussion.

Let’s ask ourselves: how can we ensure that AI remains beneficial for all, and who needs to be involved in that effort?

THE PROBLEM IS TO DAY THAT WE DON’T KNOW WHAT TO REGULATE, OR AT WHAT LEVEL WOULD WE DO THIS?

This question to me is pointless.

We will never get enough international support lay the foundations for constructive regulation.

CONTROL SHOULD BE IMPLEMENTED LIKE AN LEGALLY REQUIRED  MOT.

EVERY ALGORITHM THAT IS INVASIVE OR PROFIT PRODUCING SHOULD BE REQUIRED BY INTERNATIONAL LAW TO LOGE A COPY ITS SOFTWARE PROGRAM OR PROGRAM’S IN A AI BANK.

WHERE IT IS HELD JUST IN CASE OF MALFUNCTION.

THIS NEEDS TO START- soon to have any chance of keeping up with innovation in the field.Résultat de recherche d'images pour "pictures of computer algorithms"

WHY?

Because:  Algorithms will dominate the coming centuries.

Because:  Ascribing human qualities to non-human entities is a minefield.

Because: Algorithms are becoming the single most important concept in our world.

Because: Algorithms are connected to our emotions.

Because: Algorithms are not just particular calculation, but a method followed when making the calculation.

Because: What we call sensations and emotions are all algorithms.

Because: Electronic Algorithms will out perform biochemical Algorithms.

Because: Humans can no longer cope with the immense flows of data.

Because: Algorithms will completely transform the very nature of life transforming the world beyond recognition.

Because: Free –market capitalism and controlled communism are competing data-processing systems.

Because:  The Stock Exchange, the economy of the world  is already run by high frequency algorithms for profit only.

Because: Algorithms structures will run hospitals. then your faith will be in the hands of the system. What is true of hospitals will be true of armies, wars, prisons, schools, and corporations.

Because: We will need to decide which is a computer and which is the human.

Because: It follows that external algorithms will know you better than yourself. 

I am sure you can add to the list.

Algorithms are decoupling us for shared values, with life becoming just data processing.

If this is the sort of world you want to live in stay silent and your wish will come true.

If you can think it, there’s most likely an algorithm for it.

While computer scientists may not be specifically finding better ways to manage your love life, you’d be surprised at how math can play a role as matchmaker. Let’s keep in mind that, during a search, you reach a point when you’ve gathered enough data and a continued search can be seen as both redundant as well as confirming what you know.

Well, how about when finding a parking space?

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THE BEADY EYE SAYS: ALGORITHMS AND SOCIAL MEDIA ARE PUTTING PAY TO SHARED VALUES.

14 Saturday Oct 2017

Posted by in Algorithms., Artificial Intelligence., HUMAN INTELLIGENCE, Humanity., Our Common Values., Social Media., Technology, The Future, The Internet., The Obvious., The world to day., Unanswered Questions., United Nations, What Needs to change in the World, Where's the Global Outrage., WiFi communication.

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( A twenty-minute read, before we are all raped by Algorithms)

Strength from cultural diversity is being eroded by Algorithms.

At the moment while we’ll be striving to understand the impact of “information flows” — shared value is going out the window.

You could say that 99.4 percent of physical objects are still unconnected but algorithms but they are already transforming the world around us — in education, healthcare, manufacturing, commerce, transportation and other sectors.

In the coming years, the Internet of Everything Economy will be run by Algorithms that control smart grid, smart buildings, connected healthcare and patient monitoring, smart factories, connected private education, connected commercial (ground) vehicles, connected marketing and advertising, and connected gaming and entertainment, among others, will rule the world.

If we are honest, we have been living with the ambiguity created by SHARED VALUE for a long time.

The United nations being the prime example.

Its shared ideology values are ignored daily because they do not possess any legal or constitutional power. (They have however attained limited success in generating greater ideological consensus, whether it is the impact on the environment, on society, or in terms of how it governs itself) Now unfortunately it is trying to operate in a world that is in the middle of a technological revolution which is exposing its limits to the point of being relevance.

Technology trends (including cloud and mobile computing, Big Data, increased processing power, and many others) and business economics (such as Metcalfe’s law) are driving the IoE (The Internet of Everything economy.)

The Internet of Everything (IoE) brings together people, process, data, and things to make networked connections more relevant and valuable than ever before — turning information into actions that create new capabilities, richer experiences, and unprecedented economic opportunity for businesses, individuals, and countries.

On the other hand in my opinion it is and will be a mistake to greet every invention with applause and just let it go its way.

There are many aspect to the Technological Revolution that are desirable and needed, but at what sacrifice, and where to draw red lines is not being addressed. You could say its evolution and can not be changed or stopped.

However Artificial intelligence which is run by Algorithms is void of emotional intelligence.

The future will no doubt push for higher level automated capabilities by integrating human spoken and linguistic capabilities with other human skills such as vision, motor skills, and emotions.

This future will bring about a society of human and machine experts, that collaborate together for improved outcomes in complex processes such as decision-making.

These decisions which will be based on vast quantities of data rather than share values. They will be driven by our old friend capitalist profit, managed by platforms that are totally unregulated, unaccountable.

In a world where we are all supposed to be accountable, Artificial Intelligence must also be accountable not just to its algorithms. It must be totally transparent and regulated by an independent Organisation that ensure it enhances our shared values. As we explore all the possibilities these technologies present,  it will be critical to place us at the forefront.

The conversations around these technologies, I suppose in the future will reach an equilibrium and we will understand as a society how to use them responsibly or will it be too late. 

I think the more interesting thing that’s happening is we’re evolving into a kind of meta organism, which is the whole species on the planet connected through the Web, sharing information, sharing thoughts, sharing ideas.

We are not sharing empathy and sharing emotions, exploring and expanding the boundaries of what it means to be human, today and far into the future.

People will end up having no sense of control over their changing environments other than what their Virtual Personal Assistant lets them know.

The world we live in has and always will have problems because it is impossible of humans to act as one for the general good of all.

Rest assured that Algorithms will also suffer from the same flaw.

If left to their own devices they will destroy any sense of collaboration, reducing us to smart phone workers with no shared values or jobs for life.

We are more and more desensitized by social media platforms that are run by algorithms to ensure we remain so, we are all too busy checking our smart phones to take any notice. Most of us can not recognize our self.

HUMANIZING TECHNOLOGIES: Are smile that fits the lock of everybody’s heart.Image may contain: 2 people, people smiling

Robots are learning how to detect your personality and even your gender with just a handshake, so giving robots a personality is the only way our relationship with artificial intelligence will survive.

We have all experienced “dehumanizing” technology – software or hardware that seems to diminish our ability to communicate with others or to function effectively in the world.

Technology such as Algorithms for profit are creating new boundaries between people rather than erasing old ones, with Touchy-feely robots becoming the false face of the Algorithms, that run them. Capitalize on our unique strengths and weakness, new technologies are and will further integrate themselves seamlessly into our lives.

We are already accustomed to Amazon’s anticipatory shipping practices, where the company identifies items we may want to buy before we even begin our search. Artificial Intelligence is making technology more personal and purposeful than ever before.

I don’t know about you. Just because I bought something, viewed something, commented on something, or sent an email to someone, I don’t want Watson, Google, Facebook or any other platform invading my Privacy with annoying suggestions, as I have no shared values with any of their Algorithms.

If we don’t get a grip of what I call Algorithms for Profit connecting the unconnected: people, process, data, and things we are going to be looking at a very sad world.

Since the industrial revolution, concerns have been raised about the negative effect of development on human exploitation, inequality, the environment, and by extension, greater society.

Of all the concerns that development brings, environmental damage has a high-profile due to its long, and sometimes cruel, history from business self-interest, to a sense of responsibility, or a combination of both.

Now it is the time to make capitalism more responsive to social challenges, as corporations are directly facing the trade-offs between private costs and social benefits.

The pursuit of profit and increasing shareholder value are the only responsibilities of business.

The inclusion of non-financial issues into investment decision-making must be a priority.

Why?

Because in terms of corporate social responsibility, the long-term risk of damage to the economic system and long-term value creation, and therefore investment returns, is a palpable threat to asset owners.

National identity and nationhood are not principles that can be “mandated and managed from the top”. Instead, the nation is an “imagined reality” that transcends institutions such as government and civil society. Consequently, the citizen creates the nation.

It is the responsibility of the investor to protect an economy’s ability to create long-term value.

Given long-term horizons, diversification, and long duration liabilities, it is beneficial to work together to reduce Artificial Intelligence future risk. To verify if shared value strategies can be found in practice.

This is so that today’s efforts to create value do not impair the ability of future generations to do the same.

Driven by advances in mobile technology the United nations is total out of date.

The importance of the family as a “basic unit of society”, no longer fully address family related issues.

In today’s investment world, there is no Algorithm that is going pre-empt social change and direct it in “suitable” directions.

Artificial Intelligence is making technology more personal and purposeful than ever before. We are trying to leverage data science with natural interfaces to provide solutions tailored to human behavior, attitudes and comprehension, also known as cognitive systems.

So the Question is:

Are these profit Algorithms degrading our humanity.

Today, the most successful technology goes beyond the technical specs and is all about the user experience. The best use of technology is the one people barely notice.

Our emotions influence every aspect of our lives, from our health and well-being, to the way we learn, the decisions we make and how we communicate with one another.

Try telling that to a Digital banking Algorithm.  The only point of contact between banks and their customers.

Now we can have a whole new social class system.

Since people can be judged by their emotions, and since a persons emotional state has legal consequences in a court of law, and since corporations would love nothing more than to know how we feel so that they can control our behavior by controlling what information we receive when we are connected, and since we are always connected. ….
Well that couldn’t possibly be a problem, or could it?

We are handing over our privacy and our lively mental freedom, step by step, to the lifeless and emotionless domain of machines. We are becoming more and more dependent upon mechanistic mimicking of human qualities, and call it Machine Intelligence.

“The biggest privacy-invasive is no the way with face recognition applications”.

Why? Because the majority of how people experience each other is through screens.

this will bring a new leveraged on degrees of freedom for smart life.

Just because you want to believe it is true doesn’t mean it is true.

The goal should be making people to become aware of the trends and processes they are being involved by their own deeds and making them to ask important questions

In short:

Predictions are hard, but TRYING to fore see and not being blind to what is already happening is immensely important.

I wouldn’t want “devices” to sense anything. Anything.

Constantly arguing with your device about how you really feel.

What a sick world that is going to be.

Ask google why do people die before their time.

You get many answers: How can we know these things?….We can’t, unless we ask and who do we ask in order to get the correct answer.. not a Algorithm.  The basic recipes for Capitalist slavery.

How much messiness should we accept? What balance of the new and familiar is the most fulfilling? These may seem like uniquely human quandaries, but they are not. Computers, like us, confront limited space and time with no shared values.Résultat de recherche d'images pour "pictures of computer algorithms"

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THE BEADY EYE SAYS. THE INDIVIDUAL IS BECOMING A TINY CHIP INSIDE A GIANT SYSTEM THAT NOBODY REALLY UNDERSTANDS.

22 Tuesday Aug 2017

Posted by in Artificial Intelligence., Big Data., Evolution, Humanity., Innovation., Life., Post - truth politics., Social Media, Technology, The Future, The Internet., The Obvious., The world to day., Unanswered Questions., Where's the Global Outrage.

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(Two minute read)

Science is converging on an all-encompassing dogma, which says that organism are algorithms a, and life is data processing. Intelligence is decoupling from consciousness. Non-conscious but highly intelligent algorithms may soon know us better than we know ourselves.Image associée

Every day we absorb countless data bits.

This relentless flow of data gives rise to new inventions, disruptions that nobody plans, controls or fully comprehends.

For instance no one knows where global politics is heading, or how the global economy functions or what the climate is doing.

For all intensive purpose we don’t give a fuck providing we don’t pick up a virus, and even then our wireless brains want to remain in the flow of data.

Algorithms are constantly watching us, monitoring our thoughts,and feelings to such an extent that the meaning of life is disappearing into the invisible hand of Dataisim called Google, Face Book. Twitter and their disciples.

Experiences are valueless if not shared with an Algorithm on a smart phone.

No wonder we are all busy converting our experiences into data.

Your Dog or Cat or Fridge, might soon have a Facebook or Twitter account.

By equating the human experience with data patterns it is undermining the main source of authority, meaning of life, and this shift will not be just a philosophical revolution, it will be a practical revolution.

After a few hundred years of data flow your feelings which were once your best algorithms will have being replaced by a filtered personal platform or platforms all attached to the Cloud for an annual fee.Image associée

Its good-by democracy, elections. Have you had your DNA sequenced, are you wearing a biometric device that is connected to your smart phone.

The personal cloud god algorithm will tell you who to marry, what career to follow, what to put in your fridge.

All of this begs the question are we humans developing a seed algorithm that when it combines with machine learning will develop its own path, going where no human has gone before or can follow.

We have no idea whether it will develop consciousness and subjective experience.

Before we are reduced to non- conscious algorithms would it not be prudent to establish a New World organisation that vets all technology against our core values as humans. ( See previous posts)

What prevents us from collaborating in a global effort to solve climate change, or any other problem is probable the same reason why we are being exploited by Social media. Humans are deeply divided by nationalism and sectarian beliefs.. However with knowledge comes responsibility. So this failure is a global moral failure, as well as a failure of political will.

The world is changing faster than ever before with us relinquishing authority to crowd wisdom/data in the form of social media that is being mining by capitalist organisations which is governed by algorithms.Résultat de recherche d'images pour "pictures of humanity"

While inequality on all fronts grows and our world organisations become irrelevant we are flowed with irrelevant information.

The answer is bleakly simple: We cannot get these issues on our political radar screens without a huge prolong popular uprising.  It looks like humanity will soon be a ripple within the cosmic data flow. Résultat de recherche d'images pour "pictures of humanity"

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THE BEADY EYE SAYS: DEMOCRACY IS RAPIDLY BECOMING OUT OF DATE.

19 Sunday Mar 2017

Posted by in Artificial Intelligence., Big Data., Google Knowledge., HUMAN INTELLIGENCE, Humanity., Modern Day Democracy., Modern day life., Our Common Values., Populism., Scientific., Technology, The Future, The Obvious., The world to day., Unanswered Questions., What Needs to change in the World, Where's the Global Outrage.

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( Four to Five minute read.)

Technology is transferring society and the way it is organised.

The Internet and social media have ended the monopoly of information previously enjoyed by authoritarian governments.

In 2017, over half of humanity will be online – one of the biggest societal shifts in history. Citizens expect their governments, political parties and civic groups to keep up.

The amount of data we produce doubles every year revealing how we think and feel. In another ten years there will be sensors measuring everything and the amount of data will double every 12 hours.Résultat de recherche d'images pour "pictures of democracy in ancient greece"

Hope disease will be all that is left.

To day 70% of all financial transactions are performed by Algorithms.

News content is more and more automatically generated.

Half of to days jobs are threatened to disappear.

It is beyond a doubt that the world economy and society will change fundamentally.

Smart artificial intelligence is learning to recognize patterns.

Take the wrong decisions now and we are all Fucked.

To day Algorithms know pretty well what we do and what we think and how we feel with the resulting decisions feeling like they were our own.

We are on the threshold of being remotely controlled.

Individual monitoring will lead to citizen score.

And it won’t stop there.

Mark my words:

Persuasive computing is just around the corner. Data – empowered  “Wise Kings” with manipulation technologies used by Google Facebook Twitter Amazon Snapshot and the like will be nudging us and our governments without Democracy to do things in their opinions and not ours.

We already have a world where Hope disease is rampant and by the time technology can win elections it will be too late for a vaccine.

Manipulation will be the rage and undesirable side effects can be expected.

Social polarization is only just beginning destroying social cohesion.

Brexit- Donald Trump.

The question is:  Why are we and our elected representatives so blind to this come age.

The reason is because it is happening at a pace of digital slavery. Slowly enough that there is little resistance from the population, who are loosing their freedom and fast enough to be unstoppable.

Its time to sit up and pay attention.

The right of individual self-development can only be exercised by those who have control over their lives. A democracy cannot work unless these rights are respected.  If constrained, this undermines our society and the power state.

The current collecting and processing of personal data is certainly not compatible with the application data laws.

A single click to confirm that we agree with the contents of a hundred page ” terms of use” agreement is woefully inadequate.

Without transparency, legal responsibility and ethical constraints Algorithms for profit are replacing thinking of all citizens. Computer cluster will control our lives.

This is to be avoided at all costs.

But there is little outcry that decisions by powerful algorithms are undermining the basis of ” Collective intelligence” Big Data, artificial intelligence, cybernetics, and behavioral economics are shaping our society for better or worse.

If we do not put in place a New World Organisation that exams all technology to be fit for purpose, to be compatible with society’s core values we will be living in a digital prison, under a digital dictatorship that sooner than later will cause extensive damage.

An automated society with totalitarian features owned by Google and its Tech buddies.

Collective intelligence requires a high degree of diversity.Image associée

The current moment confronts us with a paradox.

The unprecedented advance of technologies that facilitate individual empowerment and the overall lack of advance of democracy worldwide?

Many democracies, both long-established ones and newer ones, are experiencing serious institutional debilities and weak public confidence.

The next decade or two may well produce a different overall picture of global democratic change as technology-enabled patterns of political innovation spread to high-density urban environments, making mayors and local councils the spearhead of broader democratic change.

Moreover, new technologies are empowering individuals in many facets of their lives not directly related to politics, for example by giving the poor access to previously unattainable banking services and helping map the property rights of the poorest communities.

These slow-burn socioeconomic forms of empowerment will likely also have significant larger political effects in the years immediately ahead.

Facebook and Twitter exchanges will not automatically create a democracy or an economy.

Ask yourself why with all the technological development of recent years, which seemed to promise all sorts of economic leaps and bounds, has coincided with economic slow growth and rising inequality, especially in the countries most enjoying this technology.

It’s because of Hope Disease.

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The illusory market.

14 Friday Nov 2014

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I have just realized that I have been rattling on about High Frequency Trading ( HFT) without justifying why they should be subject to a World Aid Commission of 0.05%.

I have and still do advocate that the vast accumulation of wealth and political power” that is currently undermining democracy in the west must be caped in order to contribute to the world as a whole and not just the rich.(See previous Postings on Sovereignty Wealth Funds, Foreign Exchange Transactions and High Frequency Trading.)

The stock market has become a virtual space – an interactive, computer-driven system of staggering complexity. An Illusory Market. In many ways we’ve all become vassals again.

Why do I call it an Illusory market. Because the market that the investor sees when he looks at his monitor, is anywhere from 1,500 to 900 milliseconds old. That doesn’t sound like much, because the blink of an eye is 300ms. But that’s a long, long time in the world of HFT. 

HFT have been around as long as computer systems have been in our lives.

As computers get more technically advanced, trading practices have increased in size and algorithms have become more sophisticated. The trades are done at close to the speed of light. Remarkably, HFT firms have moved their server farms near an exchange computer to further increase trading speeds.

High Frequency Trading (HFT) involves the execution of complicated, algorithmic-based trades by powerful computers.

The objective of HFT is to take advantage of minute discrepancies in prices and trade on them quickly and in huge quantities. Algorithms trade on price movements past a certain threshold, corporate actions, price ceilings, price floors, and discrepancies in bid/ask spreads. The trades are executed without any human action except for initial programming.

In most cases, the trades are executed before individual investors know the quotes of prices, or that the trades happened at all.  For instance, a computer recognizes when one exchange quotes an ask price of one cent more than the quote on another exchange. This computer then trades in extraordinarily large volumes on this information, taking advantage of the arbitrage opportunity in a split second. Before individual and other investors who do not possess the same sophisticated technology realize, the one-cent spread between the two exchanges is erased and the stock price trades at the same level. There are entire hedge funds devoted to this strategy.

Managers pool capital based on a proven computer technology and allow the program work for them. In addition, large trading shops incorporate these HFT strategies as part of their overall practice. Such large volumes of HFT trades are being executed that most of the liquidity in daily trading is a result of these trades. By some estimates, HFT makes up 60 to 70% of all trades done in the US on a daily basis and 40 percent in European markets.. Other estimates project that if these strategies keep proliferating at their current rate, 80% of trades will be HFT trades by 2015.

It would be naive of me to think that we could stop using HFT purely for morality’s sake. When large amounts of money stand to be made any Morality goes out the door.

When an algorithm is processing information, this last one doesn’t consider if its actions will have consequences for third parties; the only target is to make money, it is totally irrelevant as what is happening around. Whether it is fleecing the public – the ordinary savers and workers with pensions is the least of its worries.

It is Greed personified.

 

High Frequency Trading Profitability Potential
Trading Frequency Average Maximum Gain per period Range Standard Deviation per Period Number of Observations in the Sample Period Maximum Annualized Sharpe Ratio*
10 Seconds 0.04% 0.01% 2,592,000 5,879.80
1 Minute 0.06% 0.02% 43,200 1,860.10
10 Minutes 0.12% 0.09% 4,320 246.40
1 Hour 0.30% 0.19% 720 122.13
1 Day 1.79% 0.76% 30 37.30
*The Sharpe ratio is also called the Reward-to-Variability Ratio.  It measures the excess return per unit of risk.

The above chart shows the potential for higher returns exists based on the strategy alone.  In fact, the Sharpe ratio is over 200% higher for the 10 second trading frequency than for the 1 minute frequency.

Perhaps it is naive to believe that morality should even come into it.

O! by the way when you are bidding on those Internet Auctions site you are up against bid sniper software, which is placing bids on items milliseconds before auctions ended.

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