Dec 20, 2016 - How demonetisation may impact savings

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Sree Vijaykumar From the Editor's Desk Is there a real-world Skynet, designed to enslave humans with menial labour? Amazon's Mechanical Turk (and similar efforts by Microsoft and others) let companies break jobs into smaller tasks and offer them to people across the globe. A common technique for teaching AI systems to perform tasks is by training them using a very large number of labeled examples. These machine learning systems are fed huge amounts of data, annotated to highlight the features of interest. These examples might be photos labeled to indicate whether they contain a dog or written sentences that have footnotes to indicate whether the word "bass" relates to music or a fish. This process of teaching a machine by example is called supervised learning and the role of labeling these examples is commonly carried out by Turkers and other online workers. Even Facebook had a human news team teach an algorithm for its Trending News section. The entire team was fired once the algorithm was deemed ready (quite mistakenly as proven by the 'fake news' problem). The big question is if Amazon (and others) are democratizing work or exploiting the disempowered? More in this piece. Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). How demonetisation may impact savings Among other things, Indian household savings, among the highest in the world in terms of percentage of GDP, are also likely to be impacted. Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. The Real Deal with Email and What TradeBriefs does right So, here The options before Cyrus Mistry Cyrus Mistry’s stepping down from the boards of Tata group is being seen as a tactical retreat as he prepares a blueprint for a larger war whose end game is ‘governance reform’ Uber quarterly loss said to exceed $800 million after China exit In the third quarter, Uber lost more than $800 million; it generated about $3.76 billion in net revenue in the first nine months of 2016 India's war on cash needs a very different approach According to a research, fewer than 10 per cent of Indians have ever used any kind of non-cash payment instrument. Less than 3 per cent of the value transacted in the year ending March 2014 used cards. 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