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What Will It Really Take To Make Web3 Mainstream? – nft now

It seems that everyone plans to onboard the next billion people to Web3. Nike, Time Magazine, Budweiser, Nickelodeon, and a host of other influential brands (nft now included!) have all promised to onboard the masses. But what will it really take to bring blockchain tech from niche to mainstream?

Looking at the progress so far, it seems very few have any serious idea of how to make the metaverse a reality.

So, to try and determine what might break down the barrier between Web2 and Web3 once and for all, we turned to experts and holders of the Now Pass the access pass to the Now Network, the foundation for all of our initiatives to build the future of tokenized media and pioneer a community-centric media model for input.

Heres what the citizens of the blockchain had to say.

The need for education was echoed by many. According to several members of the Now Pass community that we spoke with, education remains the most important consideration in relation to bringing NFTs to the masses. Notably, this means going beyond airdropping interested enthusiasts a link to an NFT 101 guide. Rather, educating consumers about the potential of Web3 must be a more active process.

As Now Pass holder and brand marketer Liam Darmody puts it, the Average Joe still considers NFTs to be nothing more than internet JPEGs. It sounds cliche, but [Web3 needs to focus on] education, utility, and practical application. The average person in the masses hears Web3 and thinks cartoon jpegs, Darmody wrote in an nft now Discord chat.

RELATED READING: What is the Metaverse? A Complete Guide to Our Web3 Future

Its easy to understand why, but the fact is that theres so much more to NFTs and Web3 tech than that. The easier we make it for normies to understand that these technologies are just an evolution of other things we do today, the faster [mainstream adoption] will happen, he added.

Now Pass holder Sprite offered more insights into this topic, saying that education, paired with popularization, will lead Web3 closer to bridging the gap to mainstream consumers. Web3 technology needs better education and popularization to help more people understand its advantages and opportunities. This can be done by organizing online courses, holding lectures and seminars, publishing articles and books, etc., they wrote.

Now Pass holders arent alone in their thinking. The team behind the NFT marketplace Kreatorhood also say that education is the first and most important step.

In the same vein as bettering education, some said that a shift in perspective or perhaps even a total rebrand of NFTs might help those outside of Web3 to gain interest in the blockchain.

To some, like Sprite, this means bringing better social media marketing strategies to Web3 in order to communicate the concepts and applications of blockchain technologies to a wider audience. But to others, it means getting consumers excited about what the blockchain actually is and does, offering context that is unclouded by the negative connotation that NFTs might possess.

Too many people hear NFT or Web3 and think scam or Ponzi scheme when they should be thinking access pass and suite of community-centric building tools.' CD, Now Pass holder and the Founder of the Web3 writers community Vagabond Magazine, said. Adding that, we need to start using NFT as a technical specification, not a categorical description. We need to spend more time focusing on the ethical building blocks of Web3 instead of the focus too often being on the money.

RELATED READING: Blockchain 101 All the Basics Explained

Adding to this point, Now Pass holder The Big Gooey suggested that transparency could potentially contribute to users receiving a better preliminary understanding of Web3. He went on to remark that perhaps it was the reluctance of Web2 companies to discuss their URL or back-end structures openly that mightve trained customers not to care about whats going on behind the curtain in the first place.

Writing in the nft now Discord, he said, I worry sometimes were too worried about getting people into crypto before we get them into the concept or idea we are going for.

Yet there are those still on the other side of this argument who believe that getting users in the door really should be a primary concern of the Web3 community. To them, exposing consumers to the access passes and suites of community-centric building tools that CD referred to could be the fastest way to bridge the gap between web2 and Web3.

Over the past few years, integration has become known at times to be a buzzword akin to community and utility. Yet, similarly to how the latter two terms have come to bear weight in Web3, so too has the idea that integration and practical application might hold significant importance for onboarding the masses.

The Web3 community needs to launch more innovative and practical applications to let people feel the actual value of Web3 technology. These applications should solve real-life problems such as digital identity, secure payments, decentralized social media, and more. Sprite wrote in the nft now Discord.

Even beyond education and improving public sentiment, integration remains top of mind for the many builders aiming to lower the bar of entry into Web3. To these such stewards of blockchain technology, and to the point made previously by Darmody, it isnt enough to simply get users in the door. The NFT community must do more to communicate the efficacy of Web3 to even those who are skeptical.

[The Web3 community] needs to focus on targeting large companies and local governments to accept crypto payments for goods and services, Now Pass holder Crypto La Rvolution said. No one is going to adopt something that is not usable in their day-to-day life. A huge win would be if Amazon or Alibaba accepted crypto payments.

Of course, such an expansion would mean a major win for Web3. And while the proliferation of Soulbound Tokens and other innovative tokenized endeavors might yield similar results in the campaign to go mainstream, the barrier of entry for many Web3 technologies must be taken into account for the practical part of practical application to become a reality.

Current Web3 applications and wallets often require users to have technical knowledge and understanding of blockchain concepts to use, which is a huge barrier for most people. Therefore, the Web3 community should focus on improving the user interface and interaction design to make it more intuitive and understandable, wrote Sprite.

Yet, a throughline can be drawn among the many ideas of how we might break the barrier between Web2 and Web3. And that is this: Web3 leaders must focus on decentralization and truly let their community lead.

While this focus on decentralization may seem like a given in Web3, it is sadly missing in many projects and platforms. This is why Xoao, a Now Pass holder and CryptoSkulls Community Lead, felt that the point was worth reiterating.

Regarding what we should focus on: I think we should create a platform that gives other NFT communities a voice through community building. Particularly through projects and DAOs that empower talented artists and builders to create and network with like-minded people, Xoao said in the nft now Discord.

And added that, ultimately, this is the most critical component of Web3. The history and provenance of the blockchain is a really important part of NFTs. The cultural significance of the innovation of NFTs is part of our legacy, and I think it should not be forgotten when it comes to Web3 education and the benefits, potential, and opportunities it brings to the community, he said.

Editors note: Want to share your thoughts and insights with nft now readers? Were working to build a more community-centric media model. Head over to the Now Pass website to learn more.

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6clicks Evolves Hub & Spoke Management and Single Pane of … – PR Newswire

New 6clicks platform enables completely customizable balance between centralization and decentralization for global businesses, advisors and MSPs

MELBOURNE, Australia, April 27, 2023 /PRNewswire/ -- 6clicks, the GRC innovators, today announced the latest release of its comprehensive GRC platform with an evolution of its Hub & Spoke management design, enabling completely customizable balance between centralization and decentralization of risk and compliance. The flexibility enables the creation and administration of universal policies, audits, controls and risk and issue libraries, along with decentralized ones for specific geographies, divisions or clients, in the case of advisors or MSPs. It provides the necessary federation of GRC combined with needed localization to support cybersecurity, ESG, taxation, regulatory compliance and enterprise risk management use cases.The advancements significantly reduce the workload of risk and compliance professionals by upwards of 70%.

"Organizations grapple with the ability to manage their risk and compliance programs that are both fully federated and consistent as well as accommodating to local or industry laws, regulations and practices. Older GRC systems buckle under these challenges, requiring extensive workarounds," said Anthony Stevens, Chief Executive Officer, 6clicks. "While our platform has always offered centralization and decentralization features, the latest version enables even greater flexibility and customization and advanced features to support the challenges of scale."

Even with the first release of the platform in 2020, 6clicks pioneered a breakthrough in management and visibility for the deployment and adoption of GRC capability across distributed or federated teams. This architecture was dubbed Hub & Spoke to describe the way in which the platform aligns with the way businesses are typically structured and run. Each Spoke in 6clicks includes a full-blown GRC capability to be used by a single team perhaps the IT function, a division, a country's operation, a client or a project team. The connected Hub then provides a 'single pane of glass' view across the organization, a launchpad to the spokes, a place to define standards like audit templates, control sets and risk libraries across the spokes and importantly access to the data within connected spokes for reporting to executives and boards.

Companies like Thales, NTT, Volaris Group, Zebra Manufacturing, Infrabuild, LPMA, King & Wood Mallesons have already adopted this latest Hub & Spoke functionality with success, dramatically reducing deployment and adoption time. The Hub & Spoke architecture also supports the 6clicks Content Library containing 100's of standards, laws, regulations, frameworks, audit & assessment templates, risk and issue libraries, control and obligation sets catering to the specific or nuanced requirements across domain and jurisdictions.

The new Hub & Spoke advancements include:

1. Spoke Groups toprovide an easy way for organizations to structure and organize their connected spokes providing an even easier reporting and analytics capability. For example, large enterprises can group country operations within regions, project teams within portfolios, or teams within a division.

2. Advanced Hub-Level Configuration withcustom fields and content for connected spokes with opt-in ability to over-ride this configuration on a spoke-by-spoke basis. The challenge with a distributed organization structure is on one hand ensuring alignment to corporate standards and the need for top-level governance and reporting, but on the other. the autonomy to align with individual team needs.

3. Enhanced Trust Portal capability tobuild trust with external stakeholders. To develop trust, businesses need to share the bona fides in relation to policies, audit results and supporting documentation externally. Research demonstrates 70% of inbound audit activity can be eliminated through this process. Trust is always garnered through transparency. The enhanced 6clicks Trust Portal capability is available across all Hub & Spoke deployments again, providing controlled autonomy at the spoke level with the connected tissue to the Hub.

4. Enterprise Risk Management with adjustable workflows. To more effectively manage enterprise risk, large enterprises can now define workflow stages to align with a specific risk methodology, custom fields both at the risk and risk assessment level and also custom workflow rules to accommodate logic inherent to each stage in the risk methodology.

The new release is now the de facto version for all customers. For further information or to request a demo of the platform here: https://www.6clicks.com/get-started

About 6clicks

Recognizing the immense challenges facing risk and compliance teams, 6clicks was founded to apply the power of AI within a productive management framework to exponentially advance teams. Aside from being fast to implement and easy to use, 6clicks is making waves in the market through:

As the name suggests (read: "The founder's story: How 6clicks was born and what's behind the name"), 6clicks makes it easy to manage risk and compliancefaster and with greater accuracy, consistency and scalability. Designed for advisors and businesses and powered by AI and integrated content, 6clicks is taking on giants like ServiceNow, Diligent, OneTrust, RSA Archer and Galvanize by reinventing how automated GRC operates.

Request a demo of 6clicks here: https://www.6clicks.com/get-started

SOURCE 6clicks

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SALTO Systems Adds Area Leaders for Three Regions in North … – Security Sales & Integration

We believe this approach will lead to a more customer-centric organization, resulting in greater customer satisfaction and loyalty, says SALTO North America President Bill Wood.

NORCROSS, Ga. SALTO Systems has announced the appointment of three new area leaders for the West, Southeast, and Northeast regions of North America. The move comes as part of the organizations decentralization initiative to enhance customer service, foster a culture of learning, and ensure sustainable growth.

Im proud that our team and organization has grown and achieved the ability to begin to realize this decentralized vision. Many within our team have been working hard behind the scenes to arrive at this moment, says SALTO North America President Bill Wood. Decentralizing our organization allows us to get closer to our customers and better understand their needs. By moving decision-making closer to the customer, we can respond more quickly to their needs, improve our service offerings, and ensure that we are meeting their expectations.

We believe this approach will lead to a more customer-centric organization, resulting in greater customer satisfaction and loyalty, and will help us attract and retain top talent, enhance our organizational capabilities, and drive innovation, Wood continues.

Joe Buist has been named area leader for SALTO West. Buist, who has been in the security industry for nearly two decades, has worked for SALTO for 11 years in a variety of technology and sales roles and most recently served as senior regional sales manager for the West. Prior to joining SALTO, Buist served as a loss prevention director for the Waldorf Astoria Hotel, account executive for Integra Telecom, and area loss prevention manager for Harmons Grocery.

The quality and innovation that SALTO puts into developing electronic locks and access control solutions are what drew me to the company over 10 years ago. Im grateful to have worked in many areas for SALTO and know that my extensive experience at many levels will help in this new opportunity to lead the West in connecting with and servicing our valued partners and customers, says Buist.

Steve Burk is the area leader for SALTO Southeast. Burk most recently served SALTO as director of marketing and industries. Before joining SALTO four years ago, his career included marketing and sales leadership with Delta Material Services, Avaya, Inc., and IBM Corporation. His specialties include leading direct and channel marketing, strategic planning, operational effectiveness, channel sales, and key vendor relations.

Having successfully directed multi-faceted assignments and assumed key roles in the development of high-visibility, high-impact projects, I look forward to leading the Southeast area team and working with David and Joe. Together, with our customer-first philosophy, we will deliver unparalleled customer value, says Burk.

David Latreille is the area leader for SALTO Northeast. He most recently served SALTO as international program manager, delivering complex programs to SALTOs largest clients around the world. An end user advocate and disciplined agile evangelist, he says he looks forward to sharing the experiences of the last five years at SALTO with his team and their customers.

As a people-over-process leader, Im honored to be given the opportunity to work with such an amazing group of individuals here at SALTO. We recognize that every single employees contribution is essential to our success, and I look forward to playing my part in our evolution, says Latreille.

Were thrilled to welcome Joe, Steve, and David to their new roles. With their extensive industry knowledge, experience, and leadership, they will be instrumental in driving SALTO s decentralized approach, delivering unparalleled customer value, and ensuring sustainable growth, says Wood.

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Bitcoin Is Poised to Reclaim Cryptos Spotlight: Berenberg – Yahoo Finance

In the next few months bitcoin (BTC) may be able to reclaim much of the attention it has relinquished to other crypto tokens and projects during recent years and the enthusiasm it lost during the crypto winter, German investment bank Berenberg said in a research report Thursday.

As U.S. regulators crack down on the industry, almost every token appears at risk of being branded a security and becoming subject to an enforcement action, the report said.

The sole exception is bitcoin, which, by virtue of the decentralization stemming from the design of its blockchain protocol, the Securities and Exchange Commission and other regulators characterize as a commodity rather than a security, analyst Mark Palmer wrote.

The bank sees bitcoins price appreciation in the last few months as a sign that more investors are recognizing it as a sensible alternative not only among crypto tokens, but also within a global financial context.

The recent banking crisis in the U.S. and concerns over the Federal Reserves interest-rate policies have led some countries to reduce their exposure to the U.S. dollar, which has fueled concerns about de-dollarization, the note said, and could help to highlight bitcoins value proposition. De-dollarization is the decline of the greenbacks dominance as the worlds global reserve currency.

The fourth bitcoin halving date, scheduled for May 2024, is another potential positive catalyst for the cryptocurrency, the report said, noting that if history is any guide, then bitcoin could rally ahead of and after this much-anticipated halving.

The utility of the Bitcoin blockchain has been highlighted by the increasing traction gained by the Lightning Network, the report added. The Lightning Network creates a layer on top of the Bitcoin blockchain exploiting user-generated micropayment channels to conduct transactions more efficiently.

Read more: Bitcoin Market Impact From Mt. Gox Repayments Will be Limited: Matrixport

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The Future of Mobile Technology: How Cryptocurrency Will … – Telemedia Online

In recent years, another innovation has emerged that is set to change how we interact with our devices and each other cryptocurrency.

This article will explore the intersection of mobile technology and cryptocurrency and how this technology could impact our lives in the UK. From secure mobile payments to the decentralization of traditional financial institutions, we will examine the possibilities that await us.

One of cryptocurrencys most significant potential impacts on mobile technology is the ability to make secure mobile payments. Most mobile payments are made using credit or debit cards linked to centralized financial institutions. This makes cryptocurrency a speedy way to make mobile payments.

For example, companies like Apple and Google could integrate cryptocurrency wallets into their mobile payment systems, allowing users to make secure transactions without needing a credit or debit card.

Another potential impact of cryptocurrency on mobile technology is the decentralization of traditional financial institutions. Currently, banks and other financial institutions have a monopoly on the control of money. This means that they have the power to create and destroy wealth, which can significantly impact our lives.

Cryptocurrency, on the other hand, is decentralized. This creates a more democratic financial system that is not subject to the whims of a few influential individuals.

As cryptocurrency becomes more widely accepted, we expect to see more decentralized financial institutions not controlled by a central authority. This could include mobile banking systems not linked to traditional banks, allowing users more control over their finances.

In addition to decentralizing financial institutions, cryptocurrency could increase financial inclusion. For example, many people in the UK are currently excluded from the financial system because they need access to traditional banking services. This includes the unbanked or underbanked and those who need the necessary identification documents to open a bank account.

On the other hand, cryptocurrency does not require identification documents, making it accessible to anyone with a mobile device. This means that people currently excluded from the financial system could have access to a decentralized monetary system not controlled by a central authority.

As more companies adopt cryptocurrency, we expect to see more mobile wallets accessible to everyone, regardless of their financial status or identification documents.

Finally, cryptocurrency could also significantly impact the privacy and security of our mobile devices. Most mobile devices currently store our personal information, including contacts, messages, and browsing history. This means our personal information is less vulnerable to hacking, as it is not stored in a centralized location.

As cryptocurrency becomes more widely accepted, we expect more mobile applications to incorporate blockchain technology to protect user privacy. For example, we could see messaging apps that use blockchain technology to encrypt messages and protect user data.

Furthermore, the use of cryptocurrency could also lead to greater control over our data. Currently, many companies collect and sell our data without our consent. On the other hand, cryptocurrency allows users to have greater control over their data, as transactions are recorded on a public ledger accessible to everyone.

The adoption of cryptocurrency and its integration into mobile technology is challenging. This has led to difficulties in regulation, security, and scalability.

Unfortunately, there is no universal regulation for cryptocurrency, and different countries have different approaches to its law. For example, in the UK, the Financial Conduct Authority (FCA) has taken a cautious approach to regulating cryptocurrency, as it is still largely untested, and there are concerns about its potential use for criminal activity.

However, as the technology becomes more widely accepted, we can expect to see greater regulation that will help to protect users and ensure the security of transactions.

Another challenge facing the adoption of cryptocurrency is security. While cryptocurrency is inherently secure due to its use of blockchain technology, several high-profile hacks and breaches have exposed vulnerabilities in the system. As such, users need to take appropriate measures to protect their wallets and ensure the safety of their transactions.

Finally, there are concerns about the scalability of cryptocurrency. While blockchain technology is inherently scalable, the increasing popularity of cryptocurrency has led to challenges in processing transactions quickly and efficiently.

This has led to delays and high transaction fees, making it difficult for users to adopt cryptocurrency as a viable alternative to traditional payment methods. As such, developers must continue innovating and developing solutions that address these scalability challenges.

Despite the challenges facing cryptocurrency adoption and its integration into mobile technology, several compelling use cases already demonstrate this technologys potential.

One of the clearest use cases for cryptocurrency and mobile technology is mobile payments. Cryptocurrency is a viable alternative to traditional payment methods, as it is inherently secure and allows quick and efficient transactions. Moreover, cryptocurrency can be used for international payments, making it a valuable tool for people who travel frequently or work with clients overseas.

Another potential use case for cryptocurrency and mobile technology is identity verification. For example, many people worldwide need access to traditional banking services due to a need for identification documents. However, with cryptocurrency, users can create a secure and anonymous digital identity that can be used for financial transactions.

This can increase financial inclusion and give more people access to the benefits of the global financial system.

Finally, there is the potential for cryptocurrency to disrupt traditional financial institutions through the development of decentralized finance (DeFi) applications.

These applications include peer-to-peer lending platforms, decentralized exchanges, and automated market makers. DeFi applications offer a more efficient and cost-effective way to access financial services by removing the need for intermediaries and centralized institutions.

The future outlook for the intersection of mobile technology and cryptocurrency is exciting and full of potential.

With the rise of decentralized exchanges like British bitcoin profit and the increasing popularity of non-fungible tokens (NFTs), there is a growing demand for secure and efficient ways to buy, sell, and trade cryptocurrency.

Moreover, with the development of advanced trading tools and algorithms, we can expect new solutions that make it easier for traders to manage risk and maximize their returns.

As the technology becomes more widely accepted, we expect greater regulatory oversight and a move toward universal rule. This will help protect users and ensure the security of transactions while providing greater clarity and stability for businesses and investors.

Again, as the technology becomes more sophisticated, we can expect to see new solutions that address the vulnerabilities in the system and make it more secure.

This includes the development of new encryption algorithms, the use of multi-factor authentication, and the development of more secure mobile wallets and applications.

Finally, we can expect to see significant developments in scalability. As the popularity of cryptocurrency continues to grow, developers are working on new solutions that can process transactions quickly and efficiently without compromising security.

This includes the development of new consensus algorithms, using off-chain transactions, and developing layer-two solutions that can handle a large volume of transactions without overloading the blockchain.

The intersection of mobile technology and cryptocurrency can transform how we think about finance and payments. From secure mobile payments to decentralized finance, the possibilities are endless.

With the right approach to regulation, security, and scalability, we can create a more secure, democratic, and inclusive financial system accessible to everyone, regardless of their economic status or identification documents. As such, businesses, developers, and regulators need to work together to ensure the success of this technology and create a better future for everyone.

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Experts: Strengthening Civic Identity and Promoting Kazakh … – Astana Times

ASTANA Kazakhstan is on the path of modernizing its political system and economic structure to adjust to the ever-changing circumstances amid geopolitical shifts, wrote Nikita Shatalov, a member of the Mazhilis, the lower chamber of the Kazakh Parliament, in his Telegram channel on April 27. He was reacting to President Kassym-Jomart Tokayevs speech at the 32nd Session of the Assembly of the People of Kazakhstan (APK).

32nd Session of Assembly of People of Kazakhstan on April 27. Photo credit: Assembly of People of Kazakhstan.

Tokayev, according to Shatalov, rightly underlined the vital role of the APK in local self-government and in resolving dense living conditions of diverse ethnic groups, particularly in rural areas.

This is a general trend related to the decentralization of management at all levels, as well as an increase in diversity and representation of interests, he wrote.

Shatalov also addressed the strengthening of civic identity, outlined by Tokayev in his address.

Nikita Shatalov. Photo credit: Kazinform

This is not an easy path to take amid information wars, which are also causing havoc in our society. However, it is critical to recognize our position as a political nation. We are, first and foremost, a nation bound together by shared symbols and a way of life developed in a multicultural environment, he wrote.

According to Shatalov, the Kazakh nations fusion of many cultures and languages makes the country stronger and more resilient in the face of various crises, supporting the resolution of any difficulties, regardless of their complexity.

Andrey Shin, chairman of the Almaty Korean National Center, a member of the Almaty maslikhat (local assembly), and president of the Shin-Line group of companies, echoed Shatalov.

Talgat Kaliyev. Photo credit: Kaliyevs Facebook Page.

Shin told Kazinform Kazakhstan found a winning formula to develop a well-balanced interethnic policy in the early days of its independence. He noted that following the fall of the Soviet Union, sovereign countries proposed advanced forms of interethnic relations and affirmed the equality of ethnic groups, languages, and cultures in their constitutions. Yet, many of them faced interethnic conflicts.

As we saw later, no efficient mechanisms for implementing such declarations were established, which is why interethnic conflicts occurred. Kazakhstan avoided this by relying on the APK as a stabilizing institution. As a result, our countrys interethnic harmony policy has shown to be highly effective, Shin said.

In his speech, Tokayev stressed the importance of maintaining unity, committing to preserving peace, and not falling into the trap of foreign information wars or ideological disputes to strengthen the Kazakh nation.

According to Shatalov, the country will be pragmatic and will focus solely on its national interests, regardless of what is going on around it, which is critical in todays geopolitical context. He also stated it is crucial to follow Tokayevs caution not to fall for provocations aimed at destroying the Kazakh society.

President Tokayev also mentioned in his speech that the Kazakh language will be a crucial component of the countrys policy. He emphasized that learning and striving to master the state language must become an everyday norm in our society.

The Kazakh language will unite Kazakh citizens and create trust in one another. Demographics will drive a rise in the use of the Kazakh language. This is a deep social trend. Bilingualism will soon become the norm for most Kazakh citizens, Shatalov wrote.

Andrey Shin. Photo credit: holodinfo.ru

Director of the Institute for Applied Ethnopolitical Research Talgat Kaliyev wrote on his Facebook page that the state language is becoming one of the key indicators of civic identity, with discussions around it being neither ethnic or cultural, but rather directly civic.

For this reason, claims against Russian-speaking Kazakhs are frequently made. It is worth noting that they occasionally originate from Kazakh-speaking members of other ethnic groups, he wrote.

Kaliyev noted that while organizing language learning, it is important to ensure the availability of high-quality content in Kazakh, including timely dubbing of international films, translation of renowned world literature, and newly published bestsellers.

According to him, the country should not do this for profit but rather fund all efforts in this field until the state language becomes dominant in all aspects of life in Kazakhstan.

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Stanford Researchers Propose EVAPORATE: A New AI Approach That Reduces Inference Cost of Language Models by 110x – MarkTechPost

Large Language models are constantly in the headlines nowadays. With their extraordinary capabilities and applications in various domains, a new research paper or a new update in an LLM is getting released almost every day. Current LLMs have a huge number of parameters which makes the training cost extremely high. They are trained on trillions of tokens, which makes them super expensive.

In a recently released research paper, some Stanford University and Cornell University students have proposed a method that can deal with the challenge of expensive LLMs. The team has shared how Language Models (LMs) are costly when processing large documents. They have quoted an example of the cost of running inference over 55 million Wikipedia pages, which is greater than $100,000, and is equivalent to a price of more than $0.002 per 1000 tokens. The approach proposed by the authors can reduce inference costs by a factor of 110 while also improving the quality of the results compared to directly running inference over each document.

Called EVAPORATE, LLMs power this prototype system and identify two different strategies for implementing the system. The first strategy is to prompt the LLM to extract values directly from documents. The second is to prompt the LLM to synthesize code that performs the extraction. The team has evaluated these two approaches and found a cost-quality tradeoff between them. While code synthesis was cheaper, it was also less accurate than directly processing each document with the LLM.

EVAPORATE identifies redundancies across multiple documents and exploits them to improve efficiency. The team has used the example of extracting the device classification attribute from FDA reports for medical devices to illustrate this. Instead of processing every semi-structured document with the LLM, the authors explore using the LLM to generate functions that can be reused to extract from every document.

In order to improve the quality as well as maintain low cost, the team has proposed an extended code synthesis implementation called EVAPORATE-CODE+. This approach generates many candidate functions and ensembles their extractions using weak supervision. While weak supervision is traditionally applied to human-generated functions, EVAPORATE-CODE+ operates with machine-generated functions and addresses the challenges of this setup to enable quality improvements.

EVAPORATE has been evaluated on 16 sets of documents across a range of formats, topics, and attribute types. EVAPORATE-CODE+ outperforms the SOTA systems by using a sublinear pass over the documents with the LLM, resulting in a 110x reduction in the number of tokens the LLM needs to process, averaged across the 16 evaluation settings of 10k documents each.

In conclusion, this paper presents a promising approach for automating the extraction of tables from semi-structured documents using LLMs. By identifying the tradeoffs between direct extraction and code synthesis and proposing an extended implementation that achieves better quality while maintaining low cost, this work will definitely make progress toward the data management community.

Check out thePaperandRepo.Dont forget to joinour 20k+ ML SubReddit,Discord Channel,andEmail Newsletter, where we share the latest AI research news, cool AI projects, and more. If you have any questions regarding the above article or if we missed anything, feel free to email us atAsif@marktechpost.com

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Tanya Malhotra is a final year undergrad from the University of Petroleum & Energy Studies, Dehradun, pursuing BTech in Computer Science Engineering with a specialization in Artificial Intelligence and Machine Learning.She is a Data Science enthusiast with good analytical and critical thinking, along with an ardent interest in acquiring new skills, leading groups, and managing work in an organized manner.

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What Are Adversarial Attacks in Machine Learning and How Can We … – MUO – MakeUseOf

Technology often means our lives are more convenient and secure. At the same time, however, such advances have unlocked more sophisticated ways for cybercriminals to attack us and corrupt our security systems, making them powerless.

Artificial intelligence (AI) can be utilized by cybersecurity professionals and cybercriminals alike; similarly, machine learning (ML) systems can be used for both good and evil. This lack of moral compass has made adversarial attacks in ML a growing challenge. So what actually are adversarial attacks? What are their purpose? And how can you protect against them?

Adversarial ML or adversarial attacks are cyberattacks that aim to trick an ML model with malicious input and thus lead to lower accuracy and poor performance. So, despite its name, adversarial ML is not a type of machine learning but a variety of techniques that cybercriminalsaka adversariesuse to target ML systems.

The main objective of such attacks is usually to trick the model into handing out sensitive information, failing to detect fraudulent activities, producing incorrect predictions, or corrupting analysis-based reports. While there are several types of adversarial attacks, they frequently target deep learning-based spam detection.

Youve probably heard about an adversary-in-the-middle attack, which is a new and more effective sophisticated phishing technique that involves the theft of private information, session cookies, and even bypassing multi-factor authentication (MFA) methods. Fortunately, you can combat these with phishing-resistant MFA technology.

The simplest way to classify types of adversarial attacks is to separate them into two main categoriestargeted attacks and untargeted attacks. As is suggested, targeted attacks have a specific target (like a particular person) while untargeted ones dont have anyone specific in mind: they can target almost anybody. Not surprisingly, untargeted attacks are less time-consuming but also less successful than their targeted counterparts.

These two types can be further subdivided into white-box and black-box adversarial attacks, where the color suggests the knowledge or the lack of knowledge of the targeted ML model. Before we dive deeper into white-box and black-box attacks, lets take a quick look at the most common types of adversarial attacks.

What sets these three types of adversarial attacks apart is the amount of knowledge adversaries have about the inner workings of the ML systems theyre planning to attack. While the white-box method requires exhaustive information about the targeted ML model (including its architecture and parameters), the black-box method requires no information and can only observe its outputs.

The grey-box model, meanwhile, stands in the middle of these two extremes. According to it, adversaries can have some information about the data set or other details about the ML model but not all of it.

While humans are still the critical component in strengthening cybersecurity, AI and ML have learned how to detect and prevent malicious attacksthey can increase the accuracy of detecting malicious threats, monitoring user activity, identifying suspicious content, and much more. But can they push back adversarial attacks and protect ML models?

One way we can combat cyberattacks is to train ML systems to recognize adversarial attacks ahead of time by adding examples to their training procedure.

Unlike this brute force approach, the defensive distillation method proposes we use the primary, more efficient model to figure out the critical features of a secondary, less efficient model and then improve the accuracy of the secondary with the primary one. ML models trained with defensive distillation are less sensitive to adversarial samples, which makes them less susceptible to exploitation.

We could also constantly modify the algorithms the ML models use for data classification, which could make adversarial attacks less successful.

Another notable technique is feature squeezing, which will cut back the search space available to adversaries by squeezing out unnecessary input features. Here, the aim is to minimize false positives and make adversarial examples detection more effective.

Adversarial attacks have shown us that many ML models can be shattered in surprising ways. After all, adversarial machine learning is still a new research field within the realm of cybersecurity, and it comes with many complex problems for AI and ML.

While there isnt a magical solution for protecting these models against all adversarial attacks, the future will likely bring more advanced techniques and smarter strategies for tackling this terrible adversary.

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Software Development Future: AI and Machine Learning – Robotics and Automation News

Discover how AI and ML can potentially change the software development industry, and how AI affects software development and minimizes developers workload

Software development is a long, complex, and expensive process. Business owners and developers themselves constantly seek ways to optimize it. Good news for you, using artificial intelligence (AI) and machine learning (ML) is becoming increasingly popular in that regard.

According to a recent survey by Gartner, AI and ML are some of the trends that will shape the future of software development. For instance, early 73 percent of adopters of GitHub Copilot, an AI-driven assistant for engineers, reported that it helped them stay in the flow.

The use of this tool resulted in 87 percent of developers conserving mental energy while performing repetitive tasks. That increased their productivity and performance.

Twinslash and other software vendors and developers, on other hand, build AI-driven tools to help engineers with testing, debugging, code maintenance, and so on.

So: lets learn more about AI and ML and their impact on software development.

The ability to automate monotonous manual tasks is one of the significant benefits of AI. There are several ways to effectively implement AI in the development process that completely replace human intervention or, at least, reduce it enough to remove the tediousness of repetitive tasks and allow your engineers to focus on more critical issues.

One of the common applications of AI in development is utilizing it to reduce the number of errors in the code.

AI-powered tools can analyze historical data to identify recurring errors or faults, spot them, and either highlight them for developers to fix or fix them independently in the background. The latter option will reduce the need to roll back for fixes when something goes wrong during your software development process.

AI improves the quality, coverage, and efficiency of software testing. This is because it can analyze large amounts of data without making mistakes. Eggplant and Test Sigma are two well-known AI-assisted software testing tools.

They aid software testers in writing, conducting, and maintaining automated tests to reduce the number of errors and boost the quality of software code. AI in testing is extremely useful in large-scale projects usually combined with automated testing tools, it helps to check through multi-leveled, modular software faster.

ML software can track how a user interacts with a particular platform and process this data to pinpoint patterns that can be used by developers and UX/UI designers to generate a more dynamic, slick software experience.

AI can also help discover UI blocks or elements of UX people are struggling with, so designers and developers can reconfigure and fix them.

Code security is of utmost importance in software development. You can use AI to analyze data and create models to distinguish abnormal activity from ordinary behavior. This will help software development companies catch issues and threats before they can cause any problems.

Apart from that, tools like Snyk, integrated into engineers Integrated Development Environment (IDE) can help pinpoint security vulnerabilities in the apps before releasing them in production.

Lets talk about the main overall trends that are changing the field of software engineering and product development.

Generative AI is a powerful technology that uses AI algorithms to create any kind of data code, design layouts, images, audio or video files, text, and even entire applications. It studies datasets independently and can help produce a wide range of content.

One of the most significant benefits of generative AI is that it can help developers create software quickly and efficiently. For instance, it assists with:

Code completion. AI-enabled code completion tools in IDEs, such as Microsofts Visual Studio Code, can help developers write code faster. For VS, such a tool is called IntelliCode it analyzes a ton of GitHub repos and searches for code snippets that might be relevant for the developers next step and completes the lines for them.

Layout design. AI-powered design tools can analyze user behavior and preferences to generate optimized layouts for websites and mobile applications. For example, for some AI-powered plugins on the design platform, Canva uses machine learning algorithms to suggest layouts, fonts, and colors for marketing materials.

(Entire) app development. With generative AI, developers can automate the process of creating software or pieces of software by telling the AI the prompts for an app one wants to build. OpenAIs Codex can do that, using natural language processing models both for parsing through conversational language and syntax of a programming language.

Continuous delivery is a software development practice where code updates are automatically built, tested, and deployed to production environments. AI-powered continuous delivery can optimize this process by using machine learning algorithms to identify and address issues before they become critical.

Machine learning algorithms can analyze the performance of production environments and predict potential issues before they occur, reducing downtime and improving software reliability.

Apart from that, ML can parse through different deployment strategies and recommend the best approach based on past performance and current conditions of the system.

Now, that trend isnt directly tied to software development, but it impacts it quite significantly. Product and project managers can use AI tools to plan the project faster.

Of course, tools like ChatGPT wont replace the experience of talking to actual potential users, but it can still help them quickly get a grasp of the market situation, trends, or common concerns users have with the competitors product.

Tools like that one can also be utilized to conduct drafts for SWOT analysis, which is also extra vital for planning out the value proposition of the software and prioritizing features-to-be-built for a roadmap. Now, ChatGPT is also a generative AI, but we thought that its application deserves a separate section.

As Eric Schmidt, former CEO of Google, once said, I think theres going to be a huge revolution in software development with AI. That revolution is now. It is safe to say that the future of software development lies in AI and ML.

With the rise of AI-powered programming assistants and AI-enabled design work and security assessments, software development will become more cost-effective. Utilizing AI and ML in software development will also increase productivity, fasten time-to-market, and improve software quality.

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Announcing LityxIQ 6.0 – Powering Predictive Business Decisions … – PR Newswire

Lityx makes its leading alternative AI and MLOps platform easierto deliver value for organizations focused on digital transformation

WILMINGTON, Del., April 25, 2023 /PRNewswire/ -- Lityx, LLC today announced the release of LityxIQ 6.0, the first AutoML platform to combine machine learning with mathematical optimization in a single, cloud-hosted, no-code platform. A fully integrated enterprise decision engine, LityxIQ 6.0 extends a proven track record of success delivering rapid predictive and prescriptive insights, and simplifies model development, management, deployment, and monitoring to genuinely democratize advanced analytics for organizations of any size.

"Lityx combines a guided Customer Success strategy with our best-in-class LityxIQ platform to get analytics capabilities in the hands of anyone who uses data insights to make critical business decisions," said Paul Maiste, Ph.D., Lityx CEO and president. "LityxIQ is built by data scientists for analysts and statisticians, alike, to accelerate advanced analytics success to days or weeks versus months or years. Plus, LityxIQ provides immediate value to business leaders by making insights easy to understand for arriving at the best decisions faster, at a price to meet any organization's budget."

Lityx next-gen machine learning powers predictive business decisions, making digital transformation easier, affordable.

LityxIQ 6.0 users get enhanced MLOps functionality that streamlines machine learning development and production, ensuring that models remain robust, reliable and scalable. Additionally, through available solution accelerators, LityxIQ 6.0 makes the path from data to insights even faster.

"The platform has included essential tools for managing the end-to-end data lifecycle since our launch, and LityxIQ 6.0 makes decision intelligence even easier through additional data automation and a refreshed interface for a world-class user experience," said Dr. Maiste.

Industries achieving success through LityxIQ include global manufacturers, healthcare, financial services, media and advertising agencies, and more.

Notable enhancements in LityxIQ 6.0 include automated model monitoring, enhanced model performance analysis and comparisons, and additional model exploration tools such as customer engagement profitability optimization and threshold and cost optimization.

About Lityx: Wilmington, Del.-based Lityx, LLC is a software and services company focused on building and deploying advanced analytics and decision intelligence solutions. Founded in 2006, Lityx develops LityxIQ, a cloud-based software-as-a-service, to help business and technical users easily leverage the power of advanced analytics and mathematical optimization to achieve deeper insights and increased ROI rapidly. Lityx delivers LityxIQ 6.0 directly or through a global network of services partners. For more information, visit http://www.lityx.com.

SOURCE Lityx LLC

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