Japan Piloting Digital Yen

How stable and secure?  Simulation tests  to be run. . 

Japan to Launch Pilot Program for Issuing Digital Yen,        By Reuters  February 23, 2023

If everything goes as planned, the Bank Of Japan could issue a central bank digital currency in 2026.

The Bank of Japan (BOJ) said Japan will in April initiate a program to test a digital yen following two years of experimentation.

BOJ's Shinichi Uchida said the bank will simulate transactions with private entities in a test setting.

The bank said the program will help BOJ prepare for the government's potential issuance of a central bank digital currency (CBDC).

The central bank's Kazushige Kamiyama said the test program will extend over several years, and entail negotiations with commercial banks, non-bank settlement firms, and carriers.  Japan and other advanced economies aim to catch up with China's CBDC launch, which has placed the country ahead of others in the digital currency race.

From Reuters   View Full Article    

AI as Co-Pilot

More on Microsoft's plans to use emerging AI chat capabilities.  Further updates

ACM NEWS

AI as Co-Pilot: Your Online Life Is About to Change, Like It or Not  By CNet, February 8, 2023

In the half-century since Star Trek premiered, a lot of the far-future tech imagined for the show has found its way into our lives here, in the present. Communicators inspired our flip phones, then the tricorder turned into our modern-day smartphones. People now video chat with each other across the globe. Tech is even helping people regain a form of sight and hearing.

On Tuesday, Microsoft and artificial intelligence lab OpenAI began the race to conquer another sci-fi promise: a conversational computer that communicates like a human even if it doesn't exactly think for itself. 

Microsoft describes it as an "AI-powered co-pilot."

By infusing Microsoft's Bing search engine with OpenAI's ChatGPT programming smarts, the two companies said, we'll soon be able to ask for help planning a dinner party, drafting an email apologizing for being late or comparing financial reports from various companies. Microsoft said it'll bring the technology to its Edge browser and Office productivity apps too.

From CNet

View Full article   

Embracing Responsible AI from Pilot to Production

A topic rarely addressed well, we discovered early on it had to be carefully done.  Upcoming DSC webinar:

Embracing Responsible AI from Pilot to Production
Join us for the latest DSC Webinar on May 27th, 2020
register-now: https://dsc.news/2LFMEHz

On average, 80% of AI projects fail to make it to production. But it IS possible to successfully launch AI, at scale, that is built responsibly and works for everyone. How you scale from pilot to production is critical to ensuring AI success, while continuing to be a good corporate citizen through responsible productization. In this latest Data Science Central webinar, we'll talk about the framework for scaling AI pilots to production with a focus on ethical responsibilities and bias mitigation at each step.

We'll look at:

The five-step AI development cycle
Ways to control for unwanted bias across data, models, and run time at the production layer
Explainability and why it is key for moving AI pilots to production that delivers core business value

Speakers:
Lukas Biewald, Founder & CEO -- Weights & Biases
Alyssa Simpson-Rochwerger, VP of AI & Data -- Appen

Hosted by: Sean Welch, Host and Producer -- Data Science Central 
Title: Embracing Responsible AI from Pilot to Production
Date: Wednesday, May 27th, 2020
Time: 9 AM - 10 AM PDT 
Space is limited so please register early:
https://dsc.news/2LFMEHz

Reserve your Webinar seat now 

After registering you will receive a confirmation email containing information about joining the Webinar.  ... 

Operations 4.0: Pilots

From McKinsey.  Thoughtful examination of essence and value of pilots

The Operations 4.0 podcast: Productivity and ‘pilot purgatory’
The value from Operations 4.0 comes from how it unleashes productivity gains across a wide range of measurements. But to achieve those results, businesses must do more than launch pilot after pilot. ... "

BMW Blockchain Pilot

BMW Leasing Arm Supports Blockhain Pilot

BMW invited DOVU to participate in its innovation lab, which seeks new and disruptive ideas. The 10-week pilot began Jan.15 at the London BMW headquarters.

Three executives from Alphabet, BMW’s leasing and fleet vehicle arm, served as sponsors for DOVU: Nick Brownrigg, chief executive officer, Simon Carr, chief commercial officer, and Leo Taylor, head of product management.

Leasing and finance comprise a large portion of BMW’s profits. Every vehicle that returns over its mileage allowance or is damaged undermines its resale value. ... "