Month: October 2018

Wages grow (3.1%) at fastest rate in a decade — and beat inflation

Wages have risen at the fastest pace in almost ten years, easing the pressure on UK households. Earnings, excluding bonuses, increased by 3.1 per cent in the three months to August compared with a year earlier, according to the Office for National Statistics. The rise outstripped the growth of 2.9 per cent in the three …

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Amazon’s virtual recruiter had a grudge against women!

Amazon inadvertently built itself a sexist recruitment assistant in a failed experiment that demonstrated why artificial intelligence does not necessarily lead to artificial wisdom. The company set out to create a virtual hiring tool that would sift thousands of job applications far more efficiently than people can. Unfortunately, the AI algorithm taught itself to discriminate …

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