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accurate facial recognition software detection technology. blur people with facial scan showing digital personal data and social credit

U.S. Ranked #8 in Countries Using Facial Recognition Technology

7 in 10 governments widely use facial recognition technology

A new report has ranked the United States #8 among 100 countries for widespread use of facial recognition technology (FRT). The report came out of Comparitech last week. A team evaluated the 100 most populated countries to compare their use of FRT. The study analyzed the use of FRT in governments, police departments, airports, schools, banks, workplaces, and on public transportation. The U.S. scored 18 on a scale of 0-40 (0 indicating an invasive use of FRT, and 40 indicating no evidence or an outright ban on the technology), pairing it with Mexico for the eighth ranking in the top 10 list. “There is…growing use of this technology within the US, but buses don’t appear to have FRT installed as…

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black swan In a pond

It’s Hard To Estimate Highly Improbable Things Like Earthquakes

Some have hoped that AI would provide reliable help with predicting They have been disappointed

Investors often overreact to both good and bad news. When a company’s quarterly earnings turn out to be slightly below forecasts, its stock price might plunge 20 percent or more. Thus, when theoretical models of the stock market models assume that price changes conform to a bell-shaped curve of normal distribution, that assumption is more convenient than credible. Another inconvenient truth is that many investors are prone to chasing trends up or down. After a stock’s price has gone up, they rush to buy, which pushes the price even higher. When these two realities meet head-on, stock returns are sometimes more extremely good or bad than would be true of a normal distribution. On October 19, 1987, the S&P 500…