Fast company - tech

Responsible AI governance: The top 3 myths holding us back

There’s nothing more overhyped and less understood in the business world right now than artificial intelligence (AI). In a time when every new flashy startup claims to be an AI vendor, there are a ton of myths that need to be busted for us to apply AI where it matters most. Perhaps even more concerning: Many of these myths obscure what we should actually be learning about—responsible use of AI—and who should have a hand in building it.

As one of the first compan

We now spend over 4 hours a day in apps, with Threads and ChatGPT leading download growth

If you’re the average smartphone user in America, you likely spend over four hours a day in the apps on your iPhone or Android device. That’s according to the latest Market Pulse Ranking report from mobile market trends firm Data.ai.

Specifically, the report says Americans spend 4.33 hours per day in the apps on their phones as of Q3 2023.

But America isn’t even the country with the highest amount of screen time. Data.ai says that designation goes to I

Sam Bankman-Fried faces another rough day of testimony

A glimpse of Sam Bankman-Fried’s well-populated calendar, in the months before FTX’s crash—and, according to testimony, well after he knew about the billions of dollars owed to FTX customers (and that there wasn’t money to repay)—arrived at the end of testimony in his federal fraud trial Tuesday.

On October 14, 2022, about three weeks before FTX’s implosion, there was a “free flowing” discussion hosted by Morgan Stanley for inv

Antisemitic and Islamophobic content has gone up on social sites Gab, Bitchute, and Odysee

The Israel-Hamas war has brought a spike in violent and hateful rhetoric to right-wing social platform Gab as well as to the lightly regulated video sharing sites Bitchute and Odysee.

Data provided exclusively to Fast Company by the Global Project Against Hate and Extremism (GPAHE) shows that the use of slurs and violent speech against Jewish and Muslim communities between October 6 and October 8 rose a cumulative 373% across the three platforms, from 107 instances to 507. The

Europe’s Gaza misinformation crackdown could set a dangerous precedent

Misinformation has continued to spread rapidly online in the 10 days since the outbreak of the Israel-Hamas war, with doctored images and mislabeled videos spreading false claims about everything from the nature of the attacks to the extent of U.S. aid to Israel.

Almost immediately after the attack by Hamas, the European Commission responded to the surge in false information by issuing a series of stern warnings to major tech companies, including Meta, X, TikTok, and YouTube, saying

Report warns AI could usher in a new era of bioweapons

There have been lots of warnings about AI’s impact on people’s jobs and mental health, as well as the technology’s ability to spread misinformation. But a new report from the RAND Corporation, a California research institute, might be the most disturbing of all.

One day after venture capitalist Marc Andreessen published a lengthy manifesto on techno optimism, arguing that AI can save lives “if we let it,” the think tank cautioned that the rapid adv

NetSuite pioneered cloud computing. But what comes next?

When NetSuite first began offering access to its business accounting software through a web browser in 1998, most people hadn’t yet heard the term “cloud computing.”

Nor were they familiar with the word “broadband.” “We had to tailor our software for people that were using modems,” recalls Evan Goldberg, founder and EVP of what’s now Oracle NetSuite. But even after 25 years and a slew of technological changes later, Netsuite&#x

Tech layoffs: Qualcomm, LinkedIn, and Bandcamp lead a bad October

Many had hoped that the massive tech layoffs of late 2022 and early 2023 were over. That period saw nearly every major tech giant—from Google to Microsoft to Meta to Amazon—shed tens of thousands of tech workers. But while the flood of layoffs has stemmed since earlier this year, a number of notable tech companies have announced cuts since the beginning of October.

Here’s a roundup of the latest major names in tech that have announced job cuts this month:

From ancient Jewish texts to AI, a sequence of figures turns matter into meaning

Isaac Asimov’s iconic science fiction collection I, Robot, tells the story of androids created at U.S. Robots and Mechanical Men Inc. The androids range from “Robbie,” who is nonvocal, to “Stephen Byerley,” who may or may not be a robot—he is so humanlike that people can’t tell.

Yet each model is made of the same elementary components: the binary code of ones and zeros. The differences in behavior between the simplest robot and the mo

Here’s how social media companies are handling misinformation in the Israel-Hamas war

Hamas’s terrorist attacks on Israel and Israel’s subsequent responses have resulted in a flood of misinformation on social media platforms, threatening to make a very bad situation much worse.

Users have rushed to sites like TikTok, Instagram, and Twitter/X for information, but they are also finding hate speech, misinformation, and disinformation from bad actors and conspiracy theorists.

Schools in Israel, as well as some in the U.S., are urging parents to de


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