ML: The secret life of algorithms
summary
Algorithms misclassify and cascade: NASA’s TOMS software discards extreme ozone readings so the Antarctic hole went unnoticed for years; US News ranking metrics drive universities to raise tuition 500% and game admissions; about 70% of US equity trades are algorithmic and a modified trading bot caused the 2010 Flash Crash; facial recognition wrongly flags thousands weekly and one man lost his license; Cambridge Analytica harvested up to ~87 million profiles from “This Is Your Digital Life”; China’s social credit bans 11 million people from planes.
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chapters (13)
- 0:00Introduction to algorithms
- 1:14Ozone layer detection failure
- 3:47US university rankings controversy
- 13:51Algorithms in education today
- 14:11High frequency trading crash
- 17:24Facial recognition errors
- 21:17Internet privacy and data tracking
- 25:39Social media manipulation risks
- 31:45Cambridge Analytica scandal
- 35:22China’s social credit system
- 40:21Legal gaps in algorithm oversight
- 41:24Balancing human and algorithmic judgment
- 44:37Q&A session
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