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The subtext there is that the agency is likely trying to avoid the chaos and confusion that reigned supreme during the first round of grants as small businesses flooded the SBA with requests for cash. That the program is more targeted this time around is not surprising, as the open nature of the previous round made it subject to “widespread potential fraud,” the Office of Inspector General warned in July. … [Read more...] about SBA targeted advance: What small businesses need to know about the disaster loan program for 2021

Yet there is no parallel in algorithmic auditing, as algorithmic harms tend to be individualized and hard to diagnose. Plus, companies don’t face consequences when their algorithms are discriminatory. If anything, self-evaluation and disclosure can pose a bigger risk. For instance, people remember that Amazon built a sexist hiring algorithm, but may forget that Amazon discovered the problem and scrapped the project on its own. Amazon’s lack of transparency about the project, which was discovered through an investigative report, also contributed to the blowback. However, the company might have been just as well off, at least in the public eye, by doing no introspection at all. … [Read more...] about Independent auditors are struggling to hold AI companies accountable

Why now? Pavlovsky notes that Shutterstock isn’t just a stock photo company—in addition to stock content and image editing tools, the company launched a content creation platform Shutterstock Studios in November of last year. The TurboSquid acquisition indicates a deepening interest in content creation and an effort on the part of Shutterstock to help 3D models go mainstream by making the tool easy for marketers without photo editing expertise to use.”We want to make sure that our marketers and content creators have the latest and greatest capabilities,” says Pavlovsky. “Today 3D is focused on very highly trained professionals as well as more niche categories like industrial categories. There’s obviously some application of 3D within e-commerce—furniture companies like Ikea, et cetera, but for us we’ve always been an innovator of the space of bringing content and workflow to creators.” … [Read more...] about Shutterstock makes a $75 million bet that the future of photography won’t always involve cameras