by Editor | Aug 11, 2019 | News
Speaking at the Vietnam CEO Summit 2019, titled “Leading Strategy in Digital Transformation and Opportunities for Vietnamese Businesses”, Mr. Jeffrey Saviano, EY Global Tax Innovation Leader and MIT Connection Science Fellow said that Artificial Intelligence (AI) and Blockchain are very important to build a global tax system.
Value-added from Blockchain-based business operation will increase to about USD 176 billion by 2025 and will then skyrocket to USD 3.1 trillion by 2030. However, only 4% of CIOs are actively using AI within their own organization currently. Meanwhile 42% of CIOs are deploying AI development projects.
Mr. Saviano also quoted the report from McKinsey & Company and Gartner, which state that the technology giant such as Baidu and Google have paid USD 20 billion to 30 billion for AI in 2016. By 2021, 40% of new business applications will be equipped with AI technologies. From now to 2030, AI will generate 13 trillion USD of GDP growth (equivalent to 1.2% per year).
US-based companies have made 66% of all investments in AI in 2016. China ranks second with 17%, but is growing very fast. Global business value derived from AI is expected to reach USD 1.2 trillion in 2018 and USD 3.9 trillion in 2022. Cash flow can be reduced by 20% compared to the current if AI technologies are not applied.
Also according to Mr. Saviano, in this year, they built a model of Global Tax System, a kernel of the AI-Government. This will be a pioneering initiative in applying advanced technologies to the most pressing tax issues in the world. Tax digitization trend and shifting focus from tax returns to tax payment by data will become clear. This tax digitization procedure model will extract data directly from source systems and send such data directly to the government. Moreover, the cycle time of this model can be shortened from 3 years to 90 days.
With AI and Blockchain applications, businesses will be able not to declare tax as the usual process. Instead, businesses will take their own data to calculate tax with assistance of AI and then submit directly to the government; the tax authorities only consider whether the enterprise paying such taxes is appropriate. When tax administration will be digitalized at a deeper level, the government must also make it possible to facilitate their own institutions.
Advanced technology capabilities for tax in the coming time will include Document Intelligence (DI), Structured Machine Learning (ML), and Blockchain for supply chain. With AI solutions, time on task has been reduced by 50-70%, accuracy is greatly improved, tax professionals’ satisfaction is much higher and key tax data can be extracted in hours rather than days.
Tax policies and tax management are important to every government. Tax solutions with advanced technologies and the explosion of Blockchain technology with specific applications into business operations have attracted the attention of businesses at the CEO Summit. Most businesses are wondering about which scope to apply Blockchain, how to create value, where to start, and how to do it.
Together with interested parties, such as the World Bank, Boston Global Forum & Michael Dukakis Institute for Leadership and Innovation and MIT Connection Science develop cutting-edge advanced technology based solutions for the benefit of government tax authorities (focused on AI and Blockchain) that will also greatly benefit the private sector. It will open a potential application trend for many areas such as banking and finance, retail, transporting goods, manufacturing, telecommunications, etc. With prioritised policies focusing on developing IT to a key sector, Vietnam is expected to be where Blockchain technology has many good conditions for development. This is also considered as an opportunity for start-up businesses and individuals to apply this new to be able to reach out to the region and the world.
by Editor | Aug 11, 2019 | News
President of the Republic of Finland Sauli Niinistö, who was honored with the World Leader for Peace and Cybersecurity Award presented by the Boston Global Forum on Global Cybersecurity Day December 12, 2018 at Loeb House, Harvard University, and Federal President of Germany Frank-Walter Steinmeier opened the 2019 Kultaranta Talks by discussing the change and future of Europe. In his opening remarks, President Niinistö challenged the audience to think what Europe has in common.
Organised for the seventh time now, the Kultaranta Talks have an interesting timing, said both Presidents in the opening discussion on 16 June. Finland has a new government, and Europeans have new representatives in Brussels. Moreover, Finland is getting ready for the EU Presidency. “This is a good moment to reflect on Europe’s challenges and the major tasks facing our continent and our Union,” President Steinmeier said.
The Presidents agreed that the EU will have many challenges to rise to. “The world’s political and economic centre of gravity is moving away from Europe. Europe has to reassess some of its own fundamental assumptions and to rethink its relations with the world’s major powers,” President Steinmeier said.
“The vision for the future is not very clear. It would be a surprise if we didn’t get any surprises in near future. Those are very difficult to predict, and that’s a demanding task for the European Union. The most central question is, whether we still have something in common. We should remind ourselves why we are together,” President Niinistö said.
Facing financial influence
In his speech, President Steinmeier mentioned superpowers and China, saying that while China is becoming closer to Europe, it is getting politically more distant. “How do we want this relationship to develop within the dynamics between the US, China, Russia, and Europe? Are we able to maintain our cohesion as the European Union?”
President Niinistö continued the thought by also analysing the financial influence of China from the point of view of the rules-based international system. He said that countries can be seduced by economic elements to forget the rules-based order. “Maintaining the cohesion will not be an easy task for the EU.”
From disintegration to cohesion
In their discussion, the Presidents also mentioned Brexit and the dividing lines it has created in Europe. President Steinmeier believed that the Europeans would be ready to learn the lesson from the Brexit. “If not the Europeans, who else would fight for the European cohesion?”
President Niinistö said that he is happy to see that the discussion on security and defence issues in the EU has started. “What kind of a union is a union which is based on outside help?”
While the Presidents discussed the challenges of European cooperation at length, they both agreed that there is no reason to be overly pessimistic. “It is our duty as presidents to be optimistic,” President Steinmeier said. President Niinistö agreed: “More and more political leaders are going back to the roots and understand that we do have a lot in common. And what we have in common, is becoming increasingly more important. When we recognise the common nominators, it will be easier to settle arguments.”
The original article can be found here.
by Editor | Aug 11, 2019 | News
Artificial Intelligence (AI) will bring many wonders. It may also destabilize everything from nuclear détente to human friendships. We need to think much harder about how to adapt.
Humanity is at the edge of a revolution driven by artificial intelligence. It has the potential to be one of the most significant and far-reaching revolutions in history, yet it has developed out of disparate efforts to solve specific practical problems rather than a comprehensive plan. Ironically, the ultimate effect of this case-by-case problem solving may be the transformation of human reasoning and decision making.
This revolution is unstoppable. Attempts to halt it would cede the future to that element of humanity more courageous in facing the implications of its own inventiveness. Instead, we should accept that AI is bound to become increasingly sophisticated and ubiquitous, and ask ourselves: How will its evolution affect human perception, cognition, and interaction? What will be its impact on our culture and, in the end, our history?
The full article can be found here.
To recognize the AI impact to humanity, the Michael Dukakis Institute for Leadership and Innovation (MDI) established the Artificial Intelligence World Society (AIWS) for the purpose of promoting ethical norms and practices in the development and use of AI. AI can be an important tool to serve and strengthen democracy, human rights, and the rule of law for solving important issues, such as SDGs.
by Editor | Aug 11, 2019 | News
A brief, non-invasive test using artificial intelligence (AI) has been found to identify patients with abnormal heart rhythm even when their rhythm seems normal.
The study, which involved almost 181,000 patients, is the first to use deep learning to find signals in heart scans that might be invisible to the human eye.
Writing in The Lancet, researchers from the Mayo Clinic describe how they trained an AI model to detect the signature of atrial fibrillation in 10-second electrocardiograms (ECGs), with 83% accuracy.
Atrial fibrillation is estimated to affect as many as six million people in the US alone, and is associated with increased risk of stroke, heart failure and mortality.
Further research is needed before clinical application is possible, but nevertheless the researchers speculate that it may one day be possible to use this technology as a point-of-care diagnostic test in a doctor’s surgery to screen high-risk groups. It might be also possible that the algorithm could be used on low-cost, widely available technologies, including smartphones.
This innovative AI application in medical healthcare is supported by AI World Society (AIWS) and Michael Dukakis Institute for Leadership and Innovation (MDI), which always promote applying AI technology for helping people achieve well-being and happiness.
The full article can be found here.
by Editor | Aug 11, 2019 | News
None of the big three internet foghorns—Facebook, Google, or Twitter—seems to have a clear plan for dealing with AI-generated fake videos, or “deepfakes,” ahead of next year’s presidential election, according to the chairman of the House Intelligence Committee.
Status update: Adam Schiff, a Democrat from California, said Friday that the three companies “have begun thinking seriously about the challenges posed by machine-manipulated media, or deepfakes, but that there is much more work to be done if they are to be prepared for the disruptive effect of this technology in the next election.”
Don’t panic: No need to freak out. There are, in fact, some emerging techniques for spotting videos that have been fabricated using AI.
Face-off: Deepfake videos use recent advances in machine learning to automatically swap faces in a video or perform other reality-blurring tricks. Simple deepfake tools can be downloaded from the web, and you can find many surreal examples of the results across the internet.
The worry: Image manipulation has been around for a long time, but AI is making sophisticated fakery more accessible. During an election, a deepfake could perhaps be used to be used to influence voters at the last moment. In May, a video of Nancy Pelosi that had been doctored to make it appear as if she were slurring her speech circulated rapidly on social media.
Cat and mouse: At the moment, there are a few ways to spot deepfakes. Irregular blinking is one telltale sign a video has been messed with, for example. But detection is something of an arms race, because an AI algorithm can usually be trained to address a given flaw.
Gotcha: This June, a new paper from several digital forensics experts outlined a more foolproof approach. It relies on training a detection algorithm to recognize the face and head movements of a particular person, thereby showing when that person’s face has been pasted onto the head and body of someone else. The approach only works when the system has been trained to recognize someone, but it could at least keep presidential candidates safe from attack.
Keeping quiet? Google actually provided some funding for this new research. So maybe these companies are keeping their cards close to their chest when it comes to deepfake detection. If you want to stay one step ahead of the fakers, that would certainly be a smart move.
The full article can be found here.
Boston Global Forum has organized conferences to discuss solutions by applying AI to solve cybersecurity issues. AI World Society’s the Social Contract 2020 includes cybersafety for citizens.
by Editor | Aug 11, 2019 | News
Today, AI touches nearly every aspect of our lives.
Today, more than half the people in the world have access to the Internet.
The flow of Data, AI, Internet, and social media connect us globally, create new information ecosystems, and impact directly the economies of entire countries, the actions of governments, and the every day lives of citizens.
But, what are the rule now? And what should the rules be?
The world should begin to have serious discussions aimed at creating a global consensus about what the rules should be for these powerful forces that are shaping our lives.
Ideally, how would such a globally connected society behave?
What should the aims of such a New Social Contract be?
Could AI, the Internet, and social media be used to help and support democracy, promote transparency, provide openess, and protect the rights of citizens in all nations?
Could it be used to encourage all governments to respect human rights and and observe the conventions of International Agreements?
Could we begin to build a new era of democracy that is enabled, but not threatened by AI, Big Data, the Internet, and social media?
by Editor | Aug 3, 2019 | News
Former Democratic presidential nominee Michael Dukakis sounded the alarm on America’s federal deficit Wednesday on “Your World with Neil Cavuto,” and said if both parties don’t act fast it could spin out of control.
“I’m worried about it on both sides. I mean, I don’t hear either party talking about this and I’m astonished,” he said.
“We’re about to run regular trillion-dollar operating deficits in this country, we’re spending already $600 billion on debt service alone, just servicing the national debt. And I don’t hear anything from either side.
“I don’t know where the Republicans are and we certainly didn’t hear much about it from the Democrats. And I think somebody’s got to start paying attention to this.”
The original article can be found here.
Governor Michael Dukakis is a co-founder of AI World Society Initiative.
by Editor | Aug 3, 2019 | News
Artificial intelligence (AI) technology is an integral part of our daily lives, work, and existence. AI-driven medical diagnostics alert doctors to early warning signs of diseases and conditions, allowing them to provide better treatment for patients and save lives. AI improves the way companies, governments, and other organizations solve the world’s most difficult cybersecurity problems, keeping sensitive networks and data safe. It enables banks and card networks to monitor large volumes of financial transactions and more efficiently identify fraud – and alert consumers in real time. AI helps individuals qualify for credit cards, loans, and mortgages through risk assessments of customers without existing credit, expanding financial opportunities for those who might otherwise be left out.
While the potential benefits of AI technologies are enormous, it is impossible to fully predict the future impact. We know the troubling implications of reported bias in facial recognition technology and in the criminal justice system, for example. Given the reach of AI and its significant life-altering implications – particularly when the civil liberties and freedoms of individuals are at stake – we must address the complex issues the technology presents, including mitigating bias, inequity, and other potential harms. That’s why it is incumbent upon industry, policymakers, educators, and communities to work together to ensure AI is built and deployed for the benefit of everyone.
The original article can be found here.
To promote AI technology for helping everyone achieve well-being and happiness, the Michael Dukakis Institute for Leadership and Innovation (MDI) established the Artificial Intelligence World Society (AIWS) for the purpose of ethical norms and practices in the development and use of AI to serve and strengthen democracy, human rights, and the rule of law.
by Editor | Aug 3, 2019 | News
David Bray, an AI World Distinguished Lecturer, and Jeff Saviano, Chief of Global Tax Innovation, will speak at the Vietnam CEO Summit on August 8, 2019 in Hanoi. The conference is organized by Vietnam Report.
Jeff Saviano will present a flagship initiative about a global tax system as a part of AI-Government. Last year ,Professor Jason Furman and Mr. Nguyen Anh Tuan presented the breakthrough strategy in AI economy for Vietnam at the Vietnam CEO Summit. In their report, they advised the Vietnamese government to do a leapfrog strategy by building the AI-Government.
The National Academy of Public Administration will join Vietnam Report to create special reports from talks and discussions of the Conference for leaders of the Vietnamese government. Boston Global Forum supported in bringing these two speakers to the Vietnam CEO Summit. Both David Bray and Jeff Saviano will attend and speak at the Vietnam National Television’s Talkshow “AI Shaping Futures”.
