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Data center provider fakes Tier 4 data center certificate to bag $11M SEC deal

CIO Business Intelligence

Another news report dated 2016 shows Jain as the Founder and CEO of AiNET, which “designs, constructs, operates, and supports Internet data centers, optical fiber networks, and easy-to-understand cloud solutions. The scheme allegedly put the SEC’s data security and operational integrity at risk.

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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111
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Octopai Acquisition Enhances Metadata Management to Trust Data Across Entire Data Estate

Cloudera

Founded in 2016, Octopai offers automated solutions for data lineage, data discovery, data catalog, mapping, and impact analysis across complex data environments. It allows users to mitigate risks, increase efficiency, and make data strategy more actionable than ever before.

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Generative AI to be a key priority for senior IT leaders: Salesforce report

CIO Business Intelligence

Launched in 2016, Salesforce Einstein is an integrated set of AI technologies that brings artificial intelligence into all Salesforce products, which the company says ultimately provides customers with more personalized and predictive experiences. However, she also warned that the technology is not without new risks and challenges.

Reporting 105
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It’s time for CIOs to think about post-quantum cryptography

CIO Business Intelligence

With the threat that quantum computers will break current encryption methods “looming on the horizon,” the adoption of post-quantum cryptography is now a critical priority, particularly for those industries that handle sensitive data, a report released Tuesday revealed. That compares to 16% of “average IT departments.”

Reporting 139
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Eye of the Beholder

O'Reilly on Data

In 2018, Reuters reported that Amazon had scrapped an AI recruiting tool that had developed a bias against female applicants. In 2016, Microsoft’s Tay chatbot was shut down after making racist and sexist comments. We need to think about the risks and about how much someone would be harmed when the AI makes a mistake.”

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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

Since launching its Marketplace advertising business in 2016, Amazon has chosen to become a “pay to play” platform where the top results are those that are most profitable for the company. Yet many of the most pressing risks are economic , embedded in the financial aims of the companies that control and manage AI systems and services.