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anch.AI, former AI Sustainability Center, Secures $2.1M in Seed Funding to Launch Ethical AI Governance Platform

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Against the rising tide of regulation, anch.AI has released the first horizontally integrated ethical AI governance platform, a one-stop shop for businesses to accelerate responsible AI adoption across their organization. The B2B SaaS startup emerged from the AI Sustainability Center, a Swedish think tank, and has secured $2.1M in seed funding to further develop and launch their pioneering risk assessment platform. The round was led by Benhamou Global Ventures (BGV), with participation from Terrain Invest, Magnus Rausing, Kent Janér and Fredrik Andersson.

Demand for AI governance tools has surged as organizations that operate in the European Union anticipate implementing sweeping GDPR-caliber changes due to proposed regulation on the development and use of artificial intelligence. Noncompliant companies could face fines up to 6% of their global turnover or 30 million euros. Yet, McKinsey research suggests that companies lack the capacity to address the full range of AI risks they face, and many are unclear on the extent of their risk exposure or the harm their AI could cause society and individuals, such as unintended discrimination, privacy intrusion and social exclusion.

“AI solutions are often developed in a silo without integrated technical, legal, ethical and business related oversight, which opens the door to costly and damaging risk for the business,” said Anna Felländer, anch.AI’s Founder. “We developed the anch.AI platform for enterprises’ visibility and orchestration of AI, identify risks as well as their root causes, and remedy the areas of exposure.”

Enursing alignment with collective ethical values and compliance to existing and upcoming regulation, the anch.AI platform offers screening, assessment, mitigation and reporting on one coherent platform. The assessment methodology stems from multidisciplinary research to detect and remedy ethical risks in companies’ AI solutions.

“anch.AI is pioneering an industry-first Ethical AI Governance Platform providing the best balance between speed, choice and development of ethical AI,” said Anik Bose, general partner of BGV. “We believe AI risk represents a sleeping giant in our industry, and the anch.ai platform can make a major impact in addressing these ethical challenges as a single source of truth.”

anch.AI invites organizations to complete its free Ethical AI Health Check, which uncovers their organization’s exposure to ethical and legal breaches. This initial screening is an important first step to developing AI that humans can trust, regardless of their background.

The research team of the former AI Sustainability Center will continue to pursue world leading multidisciplinary research in the independent newly founded Research Institute for Sustainable AI, led by Ricardo Vinuesa, Ph.D. and AI researcher at the Royal Institute of Technology in Sweden.

“We are thrilled to continue our research on Sustainable AI to ensure human values are kept at the core, while the anch.AI platform focuses on scaling their offering to businesses,” says Vinuesa, Director of the Research Institute for Sustainable AI.

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Sainsbury’s aims to be an ‘AI-enabled grocer’ with Microsoft AI technology

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Sainsbury’s, a prominent UK supermarket chain, is set to leverage Microsoft’s artificial intelligence and machine learning tools to elevate its store operations and provide customers with a more engaging and convenient shopping experience.
As part of its strategic initiative, the ‘Next Level Sainsbury’s strategy’, the supermarket will integrate generative AI, powered by Microsoft Azure, to enhance its online shopping platform and optimize customers’ search experience. By harnessing AI capabilities, Sainsbury’s aims to offer a more interactive and personalized online shopping journey for its millions of customers across the UK.
In addition to enhancing the online shopping experience, Sainsbury’s plans to equip its store colleagues with real-time data and insights to streamline in-store processes such as shelf replenishment. Leveraging multiple data inputs, including shelf-edge cameras, AI technology will guide colleagues on prioritizing restocking activities, thereby improving efficiency and productivity.
Over the next five years, Sainsbury’s will deploy Microsoft Azure to implement these initiatives, integrating data assets with Microsoft 365 collaboration tools to drive innovation and operational excellence.
Clodagh Moriarty, Chief Retail and Technology Officer at Sainsbury’s, expressed confidence in the collaboration with Microsoft, emphasizing its role in accelerating the supermarket’s ambition to become the UK’s leading AI-enabled grocer. Moriarty highlighted the strategic investment in transformative capabilities, aimed at enhancing efficiency, productivity, and customer service while delivering value to shareholders.
Clare Barclay, CEO of Microsoft UK, commended Sainsbury’s visionary approach, noting its commitment to placing AI at the forefront of its business strategy. Barclay expressed enthusiasm for the collaboration, emphasizing its potential to revolutionize the retail experience for both customers and store colleagues.
The partnership between Sainsbury’s and Microsoft signifies a significant step towards ushering in the next generation of retail, powered by innovative AI-driven solutions.
Source: technologyrecord.com
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Researchers build AI-driven sarcasm detector

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Artificial intelligence has made remarkable strides, from passing bar exams to reading bedtime stories with emotion. Yet, despite these feats, it still falls short of matching the intricate nuances of human communication—particularly, the art of sarcasm.
However, researchers in the Netherlands are determined to change that narrative. They have developed an AI-driven sarcasm detector that can discern when sarcasm is being used, a feat previously thought to be exclusive to human cognition.
Matt Coler, from the University of Groningen’s speech technology lab, expresses excitement about the project’s progress. He emphasizes the importance of understanding sarcasm, a pervasive aspect of human discourse, to facilitate seamless communication between humans and machines.
Recognizing sarcasm poses challenges due to its subtlety, especially in text-based interactions where cues like tone and facial expressions are absent. To overcome this, researchers trained their AI using a combination of text, audio, and emotional content from popular sitcoms like Friends and The Big Bang Theory.
The AI, trained on annotated data from these shows, demonstrated an impressive ability to detect sarcasm in unlabelled exchanges from the sitcoms, achieving an accuracy rate of nearly 75%. Further enhancements are underway, including incorporating visual cues like eyebrow movements and smirks, to improve accuracy even more.
Beyond enhancing interactions with AI assistants, this technology holds potential for detecting negative language and identifying instances of abuse or hate speech. However, as AI becomes more adept at understanding sarcasm, questions arise about its potential to wield sarcasm itself.
Coler muses about the implications of machines responding with sarcasm, raising concerns about clarity in communication. Nonetheless, advancements in AI-driven sarcasm detection offer promising prospects for improving human-machine interactions and bridging the gap between artificial and human intelligence.
Source: theguardian.com

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AI, bias and experiments: how Women in News is tackling tech’s inbuilt stereotypes

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Issues surrounding bias in AI are deeply rooted in the accuracy, trustworthiness, and quality of data, which, if overlooked, can significantly skew outcomes. Lyndsey Jones, an AI author and transformation coach, delves into these concerns, offering valuable insights for newsrooms on monitoring and reviewing data.
Madhumita Murgia, an AI journalist and the first artificial intelligence editor of the Financial Times, sheds light on how women, migrants, precarious workers, and minority groups are disproportionately affected by the technical limitations of Generative AI. Murgia emphasizes the lack of representation of these groups in the development process of AI technologies, highlighting the need for inclusive participation.
WAN-IFRA Women In News workshops on the Age of AI in the newsroom have brought bias effects to the forefront. Through the Digital ABCs training program, media professionals are equipped with skills to navigate the digital landscape and drive organizational change.
A newly launched module focuses on AI, with over 100 participants in eastern Europe taking part, now extended to journalists in parts of Africa, the Middle East, and Southeast Asia. Instances of bias surfaced during the training, such as generating offensive avatars and misinterpretation of accents in AI tools.
Google CEO Sundar Pichai’s acknowledgment of biased AI tools reflects ongoing concerns in the industry. Timnet Gebru’s dismissal from Google for highlighting biases further underscores the need for vigilance in addressing these issues.
Diverse teams in WIN’s Age of AI program are experimenting with various tools like fact-checking and enhancing staff skill sets in AI usage. Projects under consideration for further EU funding include a video lab for content amplification and an AI avatar for journalist safety.
Media companies must ensure diverse staff collaboration when testing AI tools. Quotas for women in AI research and cross-border partnerships may be necessary for smaller media groups to compete effectively.
Journalists can take steps to improve content quality by examining storytelling practices and ensuring diversity in sources and representation. Consistency of data collection across departments and assessing biases in data sets are crucial for ethical AI usage in journalism. Ultimately, AI tools should be used to enhance journalism’s quality and integrity, rather than generating clickbait or misinformation.
Source: wan-ifra.org

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