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Crucially, the SBA says it will contact applicants directly to tell them if they qualify for the grant, meaning businesses do not have to take additional action. “Please do not submit duplicate COVID-19 EIDL applications,” the SBA said in its update. “Only prior applicants will be considered for the Targeted EIDL Advance. SBA will reach out to you if you qualify!” … [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

Leading stock photography company Shutterstock announced today that it has acquired TurboSquid, a digital media company that sells 3D assets, for $75 million. The move is both a talent and an IP acquisition, and it will give Shutterstock’s two million customers—which include everyone from professional creatives to so-called pro-sumers who use editing tools to develop website and social media content—access to raw materials for making images from scratch. The move suggests that the future of photography doesn’t have to involve a camera. … [Read more...] about Shutterstock makes a $75 million bet that the future of photography won’t always involve cameras