A new index is using AI tools to measure U.S. economic growth in a broader way

Curated on Posted on by Stefaan Verhulst

Article by Jeff Cox: “Measuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job.

The Zeta Economic Index, launched Monday, uses generative AI to analyze what its developers call “trillions of behavioral signals,” largely focused on consumer activity, to score growth on both a broad level of health and a separate measure on stability.

At its core, the index will gauge online and offline activity across eight categories, aiming to give a comprehensive look that incorporates standard economic data points such as unemployment and retail sales combined with high-frequency information for the AI age.

“The algorithm is looking at traditional economic indicators that you would normally look at. But then inside of our proprietary algorithm, we’re ingesting the behavioral data and transaction data of 240 million Americans, which nobody else has,” said David Steinberg, co-founder, chairman and CEO of Zeta Global.

“So instead of looking at the data in the rearview mirror like everybody else, we’re trying to put it out in advance to give a 30-day advanced snapshot of where the economy is going,” he added…(More)”.

How the Rise of the Camera Launched a Fight to Protect Gilded Age Americans’ Privacy

Curated on Posted on by Stefaan Verhulst

Article by Sohini Desai: “In 1904, a widow named Elizabeth Peck had her portrait taken at a studio in a small Iowa town. The photographer sold the negatives to Duffy’s Pure Malt Whiskey, a company that avoided liquor taxes for years by falsely advertising its product as medicinal. Duffy’s ads claimed the fantastical: that it cured everything from influenza to consumption, that it was endorsed by clergymen, that it could help you live until the age of 106. The portrait of Peck ended up in one of these dubious ads, published in newspapers across the country alongside what appeared to be her unqualified praise: “After years of constant use of your Pure Malt Whiskey, both by myself and as given to patients in my capacity as nurse, I have no hesitation in recommending it.”

Duffy’s lies were numerous. Peck (misleadingly identified as “Mrs. A. Schuman”) was not a nurse, and she had not spent years constantly slinging back malt beverages. In fact, she fully abstained from alcohol. Peck never consented to the ad.

The camera’s first great age—which began in 1888 when George Eastman debuted the Kodak—is full of stories like this one. Beyond the wonders of a quickly developing art form and technology lay widespread lack of control over one’s own image, perverse incentives to make a quick buck, and generalized fear at the prospect of humiliation and the invasion of privacy…(More)”.

AI-Ready FAIR Data: Accelerating Science through Responsible AI and Data Stewardship

Curated on Posted on by Stefaan Verhulst

Article by Sean Hill: “Imagine a future where scientific discovery is unbound by the limitations of data accessibility and interoperability. In this future, researchers across all disciplines — from biology and chemistry to astronomy and social sciences — can seamlessly access, integrate, and analyze vast datasets with the assistance of advanced artificial intelligence (AI). This world is one where AI-ready data empowers scientists to unravel complex problems at unprecedented speeds, leading to breakthroughs in medicine, environmental conservation, technology, and more. The vision of a truly FAIR (Findable, Accessible, Interoperable, Reusable) and AI-ready data ecosystem, underpinned by Responsible AI (RAI) practices and the pivotal role of data stewards, promises to revolutionize the way science is conducted, fostering an era of rapid innovation and global collaboration…(More)”.

A lack of data hampers efforts to fix racial disparities in utility cutoffs

Curated on Posted on by Stefaan Verhulst

Article by Akielly Hu: “Each year, nearly 1.3 million households across the country have their electricity shut off because they cannot pay their bill. Beyond risking the health, or even lives, of those who need that energy to power medical devices and inconveniencing people in myriad ways, losing power poses a grave threat during a heat wave or cold snap.

Such disruptions tend to disproportionately impact Black and Hispanic families, a point underscored by a recent study that found customers of Minnesota’s largest electricity utility who live in communities of color were more than three times as likely to experience a shutoff than those in predominantly white neighborhoods. The finding, by University of Minnesota researchers, held even when accounting for income, poverty level, and homeownership. 

Energy policy researchers say they consistently see similar racial disparities nationwide, but a lack of empirical data to illustrate the problem is hindering efforts to address the problem. Only 30 states require utilities to report disconnections, and of those, only a handful provide data revealing where they happen. As climate change brings hotter temperatures, more frequent cold snaps, and other extremes in weather, energy analysts and advocates for disadvantaged communities say understanding these disparities and providing equitable access to reliable power will become ever more important…(More)”.

Positive Pathways report

Curated on Posted on by Stefaan Verhulst

Report by Michael Lawrence and Megan Shipman: “Polycrisis analysis reveals the complex and systemic nature of the world’s problems, but it can also help us pursue “positive pathways” to better futures. This report outlines the sorts of systems changes required to avoid, mitigate, and navigate through polycrisis given the dual nature of crises as harmful disasters and opportunities for transformation. It then examines the progression between three prominent approaches to systems change—leverage points, tipping points, and multi-systemic stability landscapes—by highlighting their advances and limitations. The report concludes that new tools like Cross-Impact Balance analysis can build on these approaches to help navigate through polycrisis by identifying stable and desirable multi-systemic equilibria…(More)”

Government + research + philanthropy: How cross-sector partnerships can improve policy decisions and action

Curated on Posted on by Stefaan Verhulst

Paper by Jenni Owen: “Researchers often lament that government decision-makers do not generate or use research evidence. People in government often lament that researchers are not responsive to government’s needs. Yet there is increasing enthusiasm in government, research, and philanthropy sectors for developing, investing in, and sustaining government-research partnerships that focus on government’s use of evidence. There is, however, scant guidance about how to do so. To help fill the gap, this essay addresses (1) Why government-research partnerships matter; (2) Barriers to developing government-research partnerships; (3) Strategies for addressing the barriers; (4) The role of philanthropy in government-research partnerships. The momentum to develop, invest in, and sustain cross-sector partnerships that advance government’s use of evidence is exciting. It is especially encouraging that there are feasible and actionable strategies for doing so…(More)”.

How Philanthropy Can Make Sure Data Is Used to Help — Not Harm

Curated on Posted on by Stefaan Verhulst

Article by Ryan Merkley: “We are living in an extractive data economy. Every day, people generate a firehose of new data on hundreds of apps and services. These data are often sold by data brokers indiscriminately, embedded into user profiles for ad targeting, and used to train large language models such as Chat GPT. Communities and individuals should benefit from data made by and about them, but they don’t.

That needs to change. A report released last month by the Aspen Institute, where I work, calls on foundations and other donors to lead the way in addressing these disparities and promoting responsible uses of data in their own practices and in the work of grantees. Among other things, it suggests that funders encourage grantees to make sure their data accurately represents the communities they serve and support their efforts to make that data available and accessible to constituents…(More)”.

This free app is the experts’ choice for wildfire information

Curated on Posted on by Stefaan Verhulst

Article by Shira Ovide: “One of the most trusted sources of information about wildfires is an app that’s mostly run by volunteers and on a shoestring budget.

It’s called Watch Duty, and it started in 2021 as a passion project of a Silicon Valley start-up founder, John Mills. He moved to a wildfire-prone area in Northern California and felt terrified by how difficult it was to find reliable information about fire dangers.

One expert after another said Watch Duty is their go-to resource for information, including maps of wildfires, the activities of firefighting crews, air-quality alerts and official evacuation orders…

More than a decade ago, Mills started a software company that helped chain restaurants with tasks such as food safety checklists. In 2019, Mills bought property north of San Francisco that he expected to be a future home. He stayed there when the pandemic hit in 2020.

During wildfires that year, Mills said he didn’t have enough information about what was happening and what to do. He found himself glued to social media posts from hobbyists who compiled wildfire information from public safety communications that are streamed online.

Mills said the idea for Watch Duty came from his experiences, his discussions with community groups and local officials — and watching an emergency services center struggle with clunky software for dispatching help.

He put in $1 million of his money to start Watch Duty and persuaded people he knew in Silicon Valley to help him write the app’s computer code. Mills also recruited some of the people who had built social media followings for their wildfire posts.

In the first week that Watch Duty was available in three California counties, Mills said, the app had tens of thousands of users. In the past month, he said, Watch Duty has hadroughly 1.1 million users.

Watch Duty is a nonprofit. Members who pay $25 a year have access to extra features such as flight tracking for firefighting aircraft.

Mills wants to expand Watch Duty to cover other types of natural disasters. “I can’t think of anything better I can do with my life than this,” he said…(More)”.

Artificial Intelligence Opportunities for State and Local Departments Of Transportation

Curated on Posted on by Stefaan Verhulst

Report by the National Academies of Sciences, Engineering, and Medicine: “Artificial intelligence (AI) has revolutionized various areas in departments of transportation (DOTs), such as traffic management and optimization. Through predictive analytics and real-time data processing, AI systems show promise in alleviating congestion, reducing travel times, and enhancing overall safety by alerting drivers to potential hazards. AI-driven simulations are also used for testing and improving transportation systems, saving time and resources that would otherwise be needed for physical tests…(More)”.

The Social Value of Hurricane Forecasts

Curated on Posted on by Stefaan Verhulst

Paper by Renato Molina & Ivan Rudik: “What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous under-forecasts increase post-landfall damage and rebuilding expenditures. Our main contribution is a new theoretically-grounded approach for estimating the marginal value of forecast improvements. We find that the average annual improvement reduced total per-hurricane costs, inclusive of unobserved protective spending, by $700,000 per county. Improvements since 2007 reduced costs by 19%, averaging $5 billion per hurricane. This exceeds the annual budget for all federal weather forecasting…(More)”.