By bringing their businesses into the online world, independent retailers survived the pandemic and now thrive. With the help of the online marketplace Faire, small businesses were able to keep themselves afloat amidst a steep 70% decline in sales. Faire allowed them to connect with prospective customers easily, even across continents, with little cost to themselves thanks to the marketplace’s user-centric policies — such as the waiving of next-day pay-out fees — during the pandemic.
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Societal Issues
AI Predicts Crime A Week In Advance With 90 Per Cent Accuracy
An artificial intelligence model built by Ishanu Chattopadhyay and his colleagues analysed crime data in Chicago from 2014 to 2016 and managed to predict future levels of crime down to the nearest 300 metres, a week before they actually happened. While extremely useful, this artificial intelligence has been shown to expose racial prejudice in law enforcement. Hopefully, as the study’s data and methodology have been made available for others to evaluate, these prejudices can be avoided in the next iteration. Read full article here
Merv
August 15, 2022
