Mondragón is what’s called a “Game B” business, which fosters relationships and aims to make all parties benefit from its actions. All of its 30,000 cooperative members own Mondragón, and Mondragón supports them; apart from giving back half of cooperative profits back to its members, it also funds member startups until they succeed. And it seems that love truly wins, as this business built on love is one of Spain’s top performing companies in both profit and productivity.
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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
