As McKinsey Sells Advice, Its Hedge Fund May Have a Stake in the Outcome

from NYTs The sins of Valeant Pharmaceuticals are well known. Instead of spending to develop new drugs, Valeant bought out other drugmakers, then increased prices of lifesaving medicines by as much as 5,785 percent. Patients had no choice but to pay. Valeant’s chief executive, J. Michael Pearson, was hauled into a 2016 Senate hearing and verbally thrashed […]

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Supposedly ‘Fair’ Algorithms Can Perpetuate Discrimination

from Wired DURING THE LONG Hot Summer of 1967, race riots erupted across the United States. The 159 riots—or rebellions, depending on which side you took—were mostly clashes between the police and African Americans living in poor urban neighborhoods. The disrepair of these neighborhoods before the riots began and the difficulty in repairing them afterward was […]

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The Next Model of Student Loans

from Medium The inflation levels of student loans can be crippling to social mobility, just ask young people who graduate with $50,000 or more in student loan debt. While job uncertainty increases with rising automation, what about students staring down the barrel of six-digit loan obligations yet to come? The student debt crisis could have long-term […]

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The Real Reason Tech Struggles With Algorithmic Bias

from Wired Are machines racist? Are algorithms and artificial intelligence inherently prejudiced? Do Facebook, Google, and Twitter have political biases? Those answers are complicated. But if the question is whether the tech industry doing enough to address these biases, the straightforward response is no. Warnings that AI and machine learning systems are being trained using “bad […]

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4 Ways to Prepare for the Next Wave of Digital Transformation

from readwrite The next wave of digital transformation is on the horizon — and it’ll be a veritable tsunami. A 2017 SAP report showed that 84 percent of organizations think digital transformation is vital to their success but that only 3 percent have completed their transformation initiatives. This wave will consist of applications built by citizen developers. Soon, these […]

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The Battle For Silicon Valley’s Soul

from The New Republic Last year, as Big Tech drew comparisons to Big Tobacco, and the industry’s CEOs were hauled before Congress to explain why government propaganda and harassment had been allowed to continue unchecked on their platforms, Silicon Valley searched its conscience. At Google, employees urged the company to stop facilitating Chinese censorship and providing artificial intelligence for […]

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Germany Has Ordered Facebook To Rein In Its Data Collection

From recode German regulators are trying to clamp down on Facebook’s data collection practices — a move that could force Facebook to make technical changes to its app in order to continue operating in the country. The Bundeskartellamt, Germany’s Federal Cartel Office in charge of antitrust laws, restricted Facebook from “[merging] user data from various […]

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Digital Peer Pressure

From Seth’s Blog “You’re using it wrong.” That’s how culture develops, of course. That’s why no one uses ALL CAPS IN THEIR EMAIL ANY MORE. Culture develops online at the speed of light. Every interaction tool comes with peers to interact with, and quickly, those tools establish the norms of interaction. As a result, there […]

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Apple, The iPhone, And The Innovator’s Dilemma

From Wired If you re-read the first few chapters of The Innovator’s Dilemma and you insert “Apple” every time Clayton Christensen mentions “a company,” a certain picture emerges: Apple is a company on the verge of being disrupted, and the next great idea in tech and consumer electronics will not materialize from within the walls of its Cupertino […]

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How to Stop Facebook’s Dangerous App Integration Ploy

From NYTs In response to calls that Facebook be forced to divest itself of WhatsApp and Instagram, Mark Zuckerberg has instead made a strategic power grab: He intends to put Instagram, WhatsApp and Facebook Messenger onto a unified technical infrastructure. The integrated apps are to be encrypted to protect users from hackers. But who’s going to protect users from […]

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