NEWS DIGEST 21.08.2021: Current issues around AI regulation

Good morning all!. It’s the second to last weekend of August, and today’s news comes from the HEM Businesses accounts list on Twitter.

Ungava Spirits Co. is proud to celebrate the 10th anniversary of its iconic gin with a brand new bottle showcasing its Québec roots. Under the theme “Gin Ungava en fête”, Ungava Gin’s new look marks the beginning of a string of announcements to be made in the coming weeks. Québec gins have soared in popularity, and it’s a privilege for Ungava Gin to have been one of the pioneers of this type of local spirits. Ungava Spirits celebrates its flagship product and is delighted to help Quebecers rediscover this exceptional gin with hints of citrus. Ungava Gin is proudly made and bottled at the Ungava Spirits distillery in Cowansville, in the heart of the Eastern Townships, using six Arctic botanicals from Northern Québec. Crafted in small batches with a unique selection of 100% natural ingredients, Ungava Gin has a captivating aroma and an intriguing colour, said Frédéric Boucher, Director, Sales at Ungava Spirits. For new cocktail ideas to celebrate “gin Ungava en fête”, try the Ungava Gin and Tonic, a modern twist on the classic for grapefruit lovers; the Bee’s Knees, a delicious blend of gin, honey and fresh lemon; or the Golden Negroni, to quench your summer thirst with a tangy cocktail. UNGAVA GIN Featuring a rare botanical mix of Wild Rose Hips, Crowberry, Labrador Tea, Cloudberry, Arctic Blend and Nordic Juniper, Ungava Gin is crafted using traditional techniques and a unique selection of 100% natural herbs and berries to the Ungava Bay region in Québec – Ungava Gin celebrates its 10th anniversary with a new look (luxurylifestyle.com/Luxury Lifestyle, Inc.)

An important question is whether an AI company can be held liable for malfunctioning AI. Ryan E. Long writes that a company’s liability for its AI depends on whether a defect was present upon the AI release and whether, in the EU at least, the application is “high-risk.” Recently, the Federal Trade Commission proposed guidelines concerning the regulation of AI. On 8 April 2020, the Commission wrote a blog post “Using Artificial Intelligence and Algorithms”, basically recommending that those who use or license AI in a way that affects consumer well-being do so in a way that is “transparent” – particularly regarding decisions that affect a consumer’s credit. In 2019, it released Liability for Artificial Intelligence and other Emerging Technologies. The document explains that some applications of AI will warrant strict liability – such as in the case of persons operating “AI-driven robots in public places.” Manufacturers of products that incorporate emerging digital technology – including AI – should, as with other products, be “liable for damage caused by defects in their products[.]” The manufacturer can be liable “even if the defect was caused by changes made to the product under the producer’s control.” These additional requirements include, among other items, keeping records concerning the algorithm used in AI. AI liability road rules in the US and EU are developing – Artificial intelligence liability: the rules are changing (LSE)

To make matters worse, the advancement in artificial intelligence has created deepfakes, a new technology emerging to be one of the most common causes for nefarious activities. A deepfake employs artificial intelligence to create fake videos. In recent years, thousands of deepfake videos targeting actors, actresses and political leaders have created havoc. What’s more, the sophisticated technology involved in deepfake content has made it almost impossible to differentiate a fake video from an authentic one. How Does Deepfake Work? – The critical component in deepfakes is machine learning that can replace faces, manipulate audio and facial expressions. Deepfakes have excellent potential for budding storytellers to create impactful movies at a much lower cost. Undoubtedly, deepfake technology has endless possibilities to impact lives and improve communities – Deepfakes for Good (Tabithapaul/Medium)

The SHIBA INU currency is a decentralized spontaneous community-building experiment developed within the SHIBA INU Ecosystem. Shiba Inu is going so stable that even a recent massive hack of 260 billion tokens, which we discussed in the previous article, had no impact on the price surge of Shiba Inu. Multiple reasons make the Shiba Inu coin to be a millionaire-maker coin. Then we have celebrity support, Tech enthusiast, and CEO of Tesla, Elon Musk also tried being bullish toward dogecoin and Shiba Inu in the last few months by posting supportive tweets, which helped Shiba Inu to garner much more fame. Allowing users to retain billions or even trillions of tokens and because of the quantity of the tokens, the value of Shiba Inu may remain much below a cent while bringing even higher profits for everyone holding the coin – Shiba Inu coin announced plan to burn until it reaches $0.01 (Comprehensive Minds – Tech – Cryptocurrency)

It’s not easy to know how to manage and deploy AI systems responsibly today. The U.S. Government Accountability Office has recently developed the federal government’s first framework to help assure accountability and responsible use of AI systems. It defines the basic conditions for accountability throughout the entire AI life cycle – from design and development to deployment and monitoring – and lays out specific questions for leaders and organizations to ask, and the audit procedures to use, when assessing AI systems. That’s why, at the U.S. Government Accountability Office, we’ve recently developed the federal government’s first framework to help assure accountability and responsible use of AI systems. These additional stakeholders include policy and legal experts, subject-matter experts, users of the system, and, importantly, individuals impacted by the AI system – How to Build Accountability into Your AI (7Data – Blog)

Summarised with SMMRY.

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