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Women in AI: UC Berkeley’s Brandie Nonnecke says investors should push for responsible AI practices

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To give women AI academics and others their well-deserved – and overdue – time in the highlight, TechCrunch is launching a series of interviews specializing in the extraordinary women who’re contributing to the AI ​​revolution. As the AI ​​boom continues, we are going to publish several articles all year long, highlighting key work that usually goes unnoticed. Read more profiles here.

Brandy Nonnecke is the founder and director of the CITRIS Policy Lab on the University of California, Berkeley, which supports interdisciplinary research to reply questions on the role of regulation in promoting innovation. Nonnecke can also be co-director of the Berkeley Center for Law and Technology, where she leads projects on artificial intelligence, platforms and society, and the UC Berkeley AI Policy Hub, an initiative to coach researchers to develop effective AI governance and policy frameworks.

In his spare time, Nonnecke hosts the TecHype video and podcast series, which examines emerging technology policies, regulations and laws, provides insight into the advantages and risks, and identifies strategies for putting technology to good use.

Questions & Answers

Briefly speaking, how did you start in artificial intelligence? What drew you to the sphere?

I actually have been involved in the responsible management of artificial intelligence for almost a decade. My background in technology, public policy and their intersection with social impact drew me to this field. Artificial intelligence is already ubiquitous and has a huge effect on our lives – for higher and for worse. I’m committed to contributing significantly to society’s ability to make use of this technology for good, reasonably than standing on the sidelines.

What work are you most happy with (in AI)?

I’m really happy with two things we achieved. First, the University of California was the primary university to determine a responsible AI policy and governance structure to higher ensure responsible purchasing and use of AI. We take seriously our commitment to serve society in a responsible manner. I had the honour of co-chairing the University of California’s Presidential Working Group on Artificial Intelligence and its subsequent everlasting Council on Artificial Intelligence. In these roles, I used to be capable of gain first-hand experience fascinated by how best to implement our Responsible AI principles to guard our faculty, staff, students and the broader communities we serve. Second, I consider it is amazingly vital that society understands emerging technologies and the actual advantages and risks related to them. We launched TecHype, a video and podcast series that explains emerging technologies and provides guidance for effective technical and policy interventions.

How do you take care of the challenges of the male-dominated tech industry, and by extension, the male-dominated AI industry?

Be curious, persistent and undaunted by imposter syndrome. I consider it is amazingly vital to hunt down mentors who support diversity and inclusion, and to supply the identical support to others entering this field. Building inclusive communities in the tech industry is a robust approach to share experiences, advice and encouragement.

What advice would you give to women wanting to begin working in the AI ​​industry?

For women entering the sphere of artificial intelligence, my advice is threefold: continuously seek knowledge, because artificial intelligence is a rapidly evolving field. Take advantage of networking because contacts will open doors to opportunities and offer invaluable support. Support yourself and others, because your voice is important in shaping an inclusive, equitable future for AI. Remember that your unique perspectives and experiences enrich the sphere and drive innovation.

What are probably the most pressing issues facing artificial intelligence because it evolves?

I consider that some of the pressing issues facing the evolution of artificial intelligence isn’t to be misled by the most recent hype cycles. We’re seeing this now with generative AI. Sure, generative AI is a major advance and may have a huge effect – good and bad. However, there are other types of machine learning in use today that secretly make decisions which have a direct impact on every person’s ability to exercise their rights. Instead of specializing in the most recent marvels of machine learning, it’s more vital that we give attention to how and where machine learning is being applied, no matter its technological prowess.

What issues should AI users pay attention to?

Users of AI should pay attention to issues related to data privacy and security, the potential for bias in AI decision-making, and the importance of transparency in the operation of AI systems and decision-making. Understanding these issues can enable users to demand more accountable and fair AI systems.

What is the very best approach to construct AI responsibly?

Building artificial intelligence responsibly requires taking ethical issues into consideration at every stage of development and implementation. This includes diverse stakeholder engagement, transparent methodologies, bias management strategies and ongoing impact assessments. Prioritizing the general public good and ensuring the event of AI technologies which might be grounded in human rights, equity and inclusion are essential.

How can investors higher promote responsible AI?

This is a vital query! For a protracted time, we never talked explicitly concerning the role of investors. I am unable to express enough how influential investors are! I consider that the claim that “regulation stifles innovation” is overused and infrequently unfaithful. Instead, I strongly consider that smaller firms can gain a late-moment advantage and learn from larger AI firms which might be developing responsible AI practices and guidance from academia, civil society and government. Investors have the ability to shape the direction of the industry, making responsible AI practices a critical factor in investment decisions. This includes supporting initiatives focused on addressing societal challenges through AI, promoting diversity and inclusion in the AI ​​workforce, and advocating for strong governance and technical strategies that help ensure the advantages of AI technologies profit society as a complete.

This article was originally published on : techcrunch.com
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Flipkart co-founder Binny Bansal is leaving PhonePe’s board

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Flipkart co-founder Binny Bansal has stepped down three-quarters from PhonePe’s board after making an identical move on the e-commerce giant.

Bengaluru-based PhonePe said it has appointed Manish Sabharwal, executive director at recruitment and human resources firm Teamlease, as an independent director and chairman of the audit committee.

Bansal played a key role in Flipkart’s acquisition of PhonePe in 2016 and has since served on the fintech’s board. The Walmart-backed startup, which operates India’s hottest mobile payment app, spun off from Flipkart in 2022 and was valued at $12 billion in funding rounds that raised about $850 million last 12 months.

Bansal still holds about 1% of PhonePe. Neither party explained why they were leaving the board.

“I would like to express my heartfelt gratitude to Binny Bansal for being one of the first and staunchest supporters of PhonePe,” Sameer Nigam, co-founder and CEO of PhonePe, said in a press release. His lively involvement, strategic advice and private mentoring have profoundly enriched our discussions. We will miss Binny!”

This article was originally published on : techcrunch.com
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The company is currently developing washing machines for humans

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Forget about cold baths. Washing machines for people may soon be a brand new solution.

According to at least one Japanese the oldest newspapersOsaka-based shower head maker Science has developed a cockpit-shaped device that fills with water when a bather sits on a seat in the center and measures an individual’s heart rate and other biological data using sensors to make sure the temperature is good. “It also projects images onto the inside of the transparent cover to make the person feel refreshed,” the power says.

The device, dubbed “Mirai Ningen Sentakuki” (the human washing machine of the longer term), may never go on sale. Indeed, for now the company’s plans are limited to the Osaka trade fair in April, where as much as eight people will have the option to experience a 15-minute “wash and dry” every day after first booking.

Apparently a version for home use is within the works.

This article was originally published on : techcrunch.com
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Zepto raises another $350 million amid retail upheaval in India

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Zepto, snagging $1 billion in 90 days, projects 150% annual growth

Zepto has secured $350 million in latest financing, its third round of financing in six months, because the Indian high-speed trading startup strengthens its position against competitors ahead of a planned public offering next yr.

Indian family offices, high-net-worth individuals and asset manager Motilal Oswal invested in the round, maintaining Zepto’s $5 billion valuation. Motilal co-founder Raamdeo Agrawal, family offices Mankind Pharma, RP-Sanjiv Goenka, Cello, Haldiram’s, Sekhsaria and Kalyan, in addition to stars Amitabh Bachchan and Sachin Tendulkar are amongst those backing the brand new enterprise, which is India’s largest fully national primary round.

The funding push comes as Zepto rushes so as to add Indian investors to its capitalization table, with foreign ownership now exceeding two-thirds. TechCrunch first reported on the brand new round’s deliberations last month. The Mumbai-based startup has raised over $1.35 billion since June.

Fast commerce sales – delivering groceries and other items to customers’ doors in 10 minutes – will exceed $6 billion this yr in India. Morgan Stanley predicts that this market shall be value $42 billion by 2030, accounting for 18.4% of total e-commerce and a pair of.5% of retail sales. These strong growth prospects have forced established players including Flipkart, Myntra and Nykaa to cut back delivery times as they lose touch with specialized delivery apps.

While high-speed commerce has not taken off in many of the world, the model seems to work particularly well in India, where unorganized retail stores are ever-present.

High-speed trading platforms are creating “parallel trading for consumers seeking convenience” in India, Morgan Stanley wrote in a note this month.

Zepto and its rivals – Zomato-owned Blinkit, Swiggy-owned Instamart and Tata-owned BigBasket – currently operate on lower margins than traditional retail, and Morgan Stanley expects market leaders to realize contribution margins of 7-8% and adjusted EBITDA margins to greater than 5% by 2030. (Zepto currently spends about 35 million dollars monthly).

An investor presentation reviewed by TechCrunch shows that Zepto, which handles greater than 7 million total orders every day in greater than 17 cities, is heading in the right direction to realize annual sales of $2 billion. It anticipates 150% growth over the following 12 months, CEO Aadit Palicha told investors in August. The startup plans to go public in India next yr.

However, the rapid growth of high-speed trading has had a devastating impact on the mom-and-pop stores that dot hundreds of Indian cities, towns and villages.

According to the All India Federation of Consumer Products Distributors, about 200,000 local stores closed last yr, with 90,000 in major cities where high-speed trading is more prevalent.

The federation has warned that without regulatory intervention, more local shops shall be vulnerable to closure as fast trading platforms prioritize growth over sustainable practices.

Zepto said it has created job opportunities for tons of of hundreds of gig employees. “From day one, our vision has been to play a small role in nation building, create millions of jobs and offer better services to Indian consumers,” Palicha said in an announcement.

Regulatory challenges arise. Unless an e-commerce company is a majority shareholder of an Indian company or person, current regulations prevent it from operating on a listing model. Fast trading corporations don’t currently follow these rules.

This article was originally published on : techcrunch.com
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