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Amazon Stock: Headed to $4,500? – The Motley Fool

After an epic 2020 for Amazon (NASDAQ:AMZN) stock, when shares surged 76% higher, the stock took a breather in 2021. Year to date, shares are up less than 5%. This is far below the S&P 500's 27% gain over this same timeframe. One analyst, however, thinks that the stock's momentum can pick back up in 2022.

Monness Crespi Hardt analyst Brian White recently reiterated a buy rating and a $4,500 12-month price target on Amazon stock, representing more than 30% upside for the growth stock. Is now a good time to buy Amazon shares?

Image source: Getty Images.

Interestingly, much of White's optimistic view for Amazon stock is based on the company's cloud computing business -- not its closely watched e-commerce business. As the economy reopens, the company will be "one of the biggest beneficiaries of accelerated digital transformation," said White in a note to investors.

Capturing the momentum in Amazon Web Services, the important cloud computing segment saw revenue increase 39% year over year in third-quarter 2021. This was the segment's third consecutive quarter of accelerating year-over-year growth rates. The business unit grew 28% in the fourth quarter of 2020 and then 32% and 37% in the first and second quarters of 2021, respectively.

Also key to White's thesis is that Amazon's profitability is extremely suppressed compared to its long-term potential. This is because Amazon is always investing aggressively in its business. Consider that the size of Amazon's fulfillment network had nearly doubled by the end of its third quarter of 2021 compared to what it was before the pandemic began.

With aggressive reinvestment in virtually all areas of its business, Amazon's profitability valuation metrics like price-to-earnings all appear inflated. But White says investors shouldn't let these metrics fool them. These are still early days for the company's profitability.

While investors should do their own due diligence before they buy shares in any stock, White has some great points about Amazon stock's attractiveness. Sure, shares may trade at 67 times earnings. But expectations for strong revenue growth and margin expansion over the next five years have analysts betting on substantial earnings-per-share growth over this period. On average, analysts currently expect Amazon's earnings per share to grow at an average annualized rate of 36% over the next five years.

Overall, Amazon's impressive momentum in cloud computing and the company's potential for significant earnings growth make the stock a good buy today. Investors can take advantage of the stock's lagging performance and get in on a great company's shares at a good price.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Amazon Stock: Headed to $4,500? - The Motley Fool

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Insights on the Digital Transformation Market Global Market to 2026 – Featuring Accenture, Equinix, Google and Oracle Among Others – PRNewswire

DUBLIN, Dec. 31, 2021 /PRNewswire/ -- The "Digital Transformation Market by Technology (Cloud Computing, Big Data and Analytics, Mobility/Social Media, Cybersecurity, AI, and IoT), Deployment Type, Organization Size, Vertical (BFSI, Retail, Education), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The digital transformation market size to grow from USD 521.5 billion in 2021 to USD 1247.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period. Various factors such as increasing spending on marketing and advertising activities by enterprises, changing landscape of customer intelligence to drive the market, and proliferation of customer channels are expected to drive the adoption of digital transformation technologies and services.

Digital transformation is the outcome of changes that occur with the application of digital technologies. The use of digital transformation across business and organizational activities, processes, competencies, and business models leverages the changes and opportunities of a mix of digital technologies and their impact on society. Digital transformation helps enterprises improve the customer experience, optimize the workforce, enhance operational activities, and transform the products and services of the organization. The evolution of digital technologies, such as cloud computing, big data and analytics, mobility/social media, blockchain, Artificial Intelligence (AI), Internet of Things (IoT), robotics, and cybersecurity, has created the need for digitalization across several industries. These technologies are used by enterprises to improve or add more features to their traditional business processes while also helping enhance customer relationships.

The on-premises segment to have the highest CAGR during the forecast period.

By deployment mode, the digital transformation market has been segmented into on-premises and cloud. The CAGR of the on-premises deployment mode is estimated to be the largest during the forecast period. On-premises solutions are deployed with a one-time license fee and an annual service agreement, which includes free upgrades after a specified time. On-premises software solutions are depreciable assets and are affordable for companies that have the budget to make the initial investment.

The SMEs segment to hold higher CAGR during the forecast period.

The digital transformation market has been segmented by organization size into large enterprises and SMEs. The market for SMEs is expected to register a higher CAGR during the forecast period. These enterprises are early adopters of digital transformation solutions. They are faced with the troublesome task of effectively managing security because of the diverse nature of IT infrastructure, which is complex in nature.

Among regions, APAC is to hold the highest CAGR during the forecast period.

APAC is expected to grow at a good pace during the forecast period. Security spending in APAC is increasing significantly due to the ever-growing threat landscape. Traditional methods are no longer adequate for advanced digitalization. Hence, digital transformation vendors in this region focus on innovations related to their product line. China, Japan, and India have displayed ample growth opportunities in the digital transformation market.

Market Overview

Drivers

Restraints

Opportunities

Challenges

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/m1vi9v

Media Contact:

Research and Markets Laura Wood, Senior Manager [emailprotected]

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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Insights on the Digital Transformation Market Global Market to 2026 - Featuring Accenture, Equinix, Google and Oracle Among Others - PRNewswire

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5 Leveraged ETFs That Gained Double-Digits in December – Yahoo Finance

December was marked by heightened volatility for Wall Street. Despite this, the S&P 500 and the Dow Jones hit a new peak, with the former topping a new milestone of 4,800 and Nasdaq Composite Index close to new highs. Although inflationary fears and the rapidly spreading Omicron variant of COVID-19 have kept investors jittery, strong consumer confidence and a holiday sales surge have driven the market higher.

This has resulted in huge demand for leveraged ETFs as investors seek to register big gains in a short span. We highlight a bunch of the best-performing leveraged equity ETFs from different corners of the market that gained in double-digits in December. These include Direxion Daily Healthcare Bull 3X Shares CURE, Direxion Daily Homebuilders & Supplies Bull 3X Shares NAIL, Direxion Daily Utilities Bull 3X Shares UTSL, Direxion Daily Cloud Computing Bear 2X Shares CLDS and ProShares Ultra Telecommunications LTL. These funds will continue to be investors darlings, provided the sentiments remain bullish.

Holiday retail sales surged the most in nearly two decades, powered by soaring e-commerce sales as well as a rush to stores amid supply chain concerns, rising inflation and the raging new COVID-19 variant (read: Holiday Sales Boom: Retail ETFs to Buy At a Bargain).

U.S. consumer confidence rose further in December, suggesting that the economy would continue to expand in 2022 despite a resurgence in COVID-19 infections and reduced fiscal stimulus. Meanwhile, President Bidens administration took steps to eliminate supply-chain bottlenecks, indicating that higher inflation will not last very long.

In another encouraging development, the Food and Drug Administration granted approval for oral antiviral COVID-19 pills to Pfizer (PFE) and Merck (MRK), making them the first and second at-home treatments, respectively, for coronavirus and a potentially important tool in the fight against the fast-spreading Omicron variant.

Additionally, the central bank plans to buy $60 billion per month of bonds in combined Treasuries and agency mortgage-backed securities starting in January, down from $90 billion in December and $120 billion from the start of the pandemic through November. The move indicates a solid U.S. economy despite higher inflation.

The Santa Claus rally added to the strength. Per MarketWatch, the Santa Claus rally had the best start in 20 years with the S&P 500 notching its 69th record of 2021. A Santa Claus rally refers to the increase in stock prices in the final week of the calendar year (i.e., between Christmas and New Years Day) that extends into the first two days of the New Year. The S&P 500 has averaged a 1.3% gain over this period every year since 1969, per The Stock Traders Almanac (read: ETF Ways to Play Santa Rally's Best Start in 20 Years).

According to Sundial Capital Research, the S&P 500 has gained an average of 2.66% over the past 92 years with positive returns 77% of the time.

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Leveraged funds provide multiple exposure (2X or 3X) to the daily performance of the underlying index by employing various investment strategies such as swaps, futures contracts and other derivative instruments. Due to their compounding effect, investors can enjoy higher returns in a very short period of time, provided the trend remains positive.

However, these funds run the risk of huge losses compared to traditional funds in fluctuating or seesawing markets. Further, their performance could vary significantly from the actual performance of their underlying index over a longer period when compared to a shorter period (such as, weeks or months).

Investors should note that these products are suitable only for short-term traders as they are rebalanced on a daily basis. Further, liquidity can be a big problem as it can make the products more expensive than what they appear (see: all the Leveraged Equity ETFs here).

We profiled ETFs in detail below:

Direxion Daily Healthcare Bull 3X Shares (CURE) Up 22.7%

Direxion Daily Healthcare Bull 3X Shares creates three times leveraged long position in the Health Care Select Sector Index. It charges 95 bps in fees a year.

Direxion Daily Healthcare Bull 3X Shares has $272.3 million in AUM and trades in volumes of 84,000 shares on average.

Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) - Up 18.7%

Direxion Daily Homebuilders & Supplies Bull 3X Shares provides leveraged exposure to homebuilders. It creates a three times long position in the Dow Jones U.S. Select Home Construction Index.

Direxion Daily Homebuilders & Supplies Bull 3X Shares charges an annual fee of 95 bps and trades in a good average daily volume of about 320,000 shares. The fund has accumulated $399.7 million in its asset base (read: Leveraged ETFs That Have More Than Doubled This Year).

Direxion Daily Utilities Bull 3X Shares (UTSL) Up 18.3%

With AUM of $30.7 million, Direxion Daily Utilities Bull 3X Shares offers three times exposure to the performance of the Utilities Select Sector Index.

Direxion Daily Utilities Bull 3X Shares charges investors an annual fee of 95 bps and trades in a lower average daily volume of 73,000 shares.

Direxion Daily Cloud Computing Bear 2X Shares (CLDS) - Up 13.8%

Direxion Daily Cloud Computing Bear 2X Shares targets the cloud-computing segment of the broad technology sector, offering two times inverse exposure to the performance of the Indxx USA Cloud Computing Index.

With AUM of $16.2 million, Direxion Daily Cloud Computing Bear 2X Shares has an expense ratio of 0.95% and trades in an average daily volume of 3,000 shares.

ProShares Ultra Telecommunications (LTL) Up 13.8%

ProShares Ultra Telecommunications provides two times exposure to the performance of the Dow Jones U.S. Select Telecommunications Index, which offers exposure to providers of fixed-line and mobile telephone services.

ProShares Ultra Telecommunications has amassed $2.7 million in its asset base and charges 95 bps in annual fees. It trades in an average daily volume of nearly 2,000 shares.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportDirexion Daily Homebuilders & Supplies Bull 3X Shares (NAIL): ETF Research ReportsDirexion Daily Healthcare Bull 3x Shares (CURE): ETF Research ReportsProShares Ultra Telecommunications (LTL): ETF Research ReportsDirexion Daily Utilities Bull 3X Shares (UTSL): ETF Research ReportsDirexion Daily Cloud Computing Bear 2X Shares (CLDS): ETF Research ReportsTo read this article on Zacks.com click here.Zacks Investment Research

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5 Leveraged ETFs That Gained Double-Digits in December - Yahoo Finance

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Whats ahead for crypto and blockchain in 2022? Experts Answer, Part 2 – Cointelegraph

Alan is the chief legal officer at PrimeBlock, a sustainable Bitcoin mining operation, infrastructure solutions provider and member of the Bitcoin Mining Council, with locations spread across North America.

“We’re going to see more countries adopting crypto as a legal currency. We’re also going to see central governments coming out and taking their own currencies and putting them on a blockchain. China has already said it is going to do this, which will speed up the real competition for private cryptocurrencies from a payment perspective. 

Central bank digital currencies do not present competition from a store of value or inflation protection perspective because it’s still the same fiat currency, subject to the same monetary policy manipulation by central banks. It’s certainly something that is fully digital, transparent, and has both good things and some very scary things that come with it. The hope is that, at least in the United States, the dialogues around CBDCs will happen alongside maintaining the values of our society in mind, including our own privacy and control.

How China versus the U.S. will run it will differ, so the dialogue needs to consciously ask the right questions. There’s a way to get carried away with technology that really ignores the fundamental, social, political, philosophical and legal impacts it could have on society. It’s an immensely powerful tool — I’m not understating or overstating it. The government has a lot of regulatory control of the payment, banking and monetary systems now by regulating important intermediaries like banks and other entities. This is going to be directly impacting us on a micro level.”

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AI Weekly: AI prosecutors and pong-playing neurons closed out 2021 – VentureBeat

Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more

In the week that drew 2021 to a close, the tech news cycle died down, as it typically does. Even an industry as fast-paced as AI needs a reprieve, sometimes especially as a new COVID-19 variant upends plans and major conferences.

But that isnt to say late December wasnt eventful.

One of the most talked-about stories came from the South China Morning Post (SCMP), which described an AI prosecutor developed by Chinese researchers that can reportedly identify crimes and press charges with 97% accuracy. The system which was trained on 1,000 traits sourced from 17,000 real-life cases of crimes from 2015 to 2020, like gambling, reckless driving, theft, and fraud recommends sentences given a brief text description. Its already been piloted in the Shanghai Pudong Peoples Procuratorate, Chinas largest district prosecution office., according to SCMP.

It isnt surprising that a country like China which, like parts of the U.S., has embraced predictive crime technologies is pursuing a black-box stand-in for human judges. But the implications are nonetheless worrisome for those who might be subjected to the AI prosecutors judgment, given how inequitable algorithms in the justice system have historically been shown to be.

Published last December, a study from researchers at Harvard and the University of Massachusetts found that the Public Safety Assessment (PSA), a risk-gauging tool that judges can opt to use when deciding whether a defendant should be released before a trial, tends to recommend sentencing thats too severe. Moreover, the PSA is likely to impose a cash bond on male arrestees versus female arrestees, according to the researchers a potential sign of gender bias.

The U.S. justice system has a history of adopting AI tools that are later found to exhibit bias against defendants belonging to certain demographic groups. Perhaps the most infamous of these is Northpointes Correctional Offender Management Profiling for Alternative Sanctions (COMPAS), which is designed to predict a persons likelihood of becoming a recidivist. A ProPublica report found that COMPAS was far more likely to incorrectly judge black defendants to be at higher risk of recidivism than white defendants, while at the same time flagging white defendants as low risk more often than black defendants.

With new research showing that even training predictive policing tools in a way meant to lessen bias has little effect, its become clear if it wasnt before that deploying these systems responsibly today is infeasible. Thats perhaps why some early adopters of predictive policing tools, like the police departments of Pittsburgh and Los Angeles, have announced they will no longer use them.

But with less scrupulous law enforcement, courtrooms, and municipalities plowing ahead, regulation-driven by public pressure is perhaps the best bet for reigning in and setting standards for the technology. Cities including Santa Cruz and Oakland have outright banned predictive policing tools, as has New Orleans. And the nonprofit group Fair Trials is calling on the European Union to include a prohibition on predictive crime tools in its proposed AI regulatory framework.

We do not condone the use [of tools like the PSA], Ben Winters, the creator of a report from the Electronic Privacy Information Center that called pretrial risk assessment tools a strike against individual liberties, said in a recent statement. But we would absolutely say that where they are being used, they should be regulated pretty heavily.

Its unclear whether even the most sophisticated AI systems understand the world the way that humans do. Thats another argument in favor of regulating predictive policing, but one company, Cycorp which was profiled by Business Insider this week is seeking to codify general human knowledge so that AI might make use of it.

Cycorps prototype software, which has been in development for nearly 30 years, isnt programmed in the traditional sense. Cycorp can make inferences that an author might expect a human reader to make. Or it can pretend to be a confused sixth-grader, tasking users with helping it to learn sixth-grade math.

Is there a path to AI with human-level intelligence? Thats the million-dollar question. Experts like the vice president and chief AI scientist for Facebook, Yann LeCun, and renowned professor of computer science, and artificial neural networks expert, Yoshua Bengio, dont believe its within reach, but others beg to differ. One promising direction is neuro-symbolic reasoning, which merges learning and logic to make algorithms smarter. The thought is that neuro-symbolic reasoning could help incorporate common sense reasoning and domain knowledge into algorithms to, for example, identify objects in a picture.

New paradigms could be on the horizon, like synthetic brains made from living cells. Earlier this month, researchers at Cortical Labs created a network of neurons in a dish that learned to play Pong faster than an AI system. The neurons werent as skilled at Pong as the system, but they took only five minutes to master the mechanics versus the AIs 90 minutes.

Pong hardly mirrors the complexity of the real world. But in tandem with forward-looking hardware like neuromorphic chips and photonics, as well as novel scaling techniques and architectures, the future looks bright for more capable, potentially human-like AI. Regulation will catch up, with any luck. Weve seen a preview of the consequences including wrongful arrests, sexist job recruitment, anderroneous grades if it doesnt.

For AI coverage, send news tips toKyle Wiggers and be sure to subscribe to the AI Weekly newsletterand bookmark our AI channel,The Machine.

Thanks for reading,

Kyle Wiggers

AI Staff Writer

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AI Weekly: AI prosecutors and pong-playing neurons closed out 2021 - VentureBeat

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Places "Swarming" With COVID, Say Experts Eat This Not That – Eat This, Not That

Christmas 2021 might seem like a lot of deja vu, amid reports of COVID cases skyrocketing and local businesses closing because of outbreaks. But the pandemic is in a very different place than it was last year. There are vaccines, boosters, and antiviral treatments coming soon. And unlike last year, the CDC isn't advising Americans against all holiday travel. This year, experts are encouraging vaccinated Americans to celebrate with loved oneswith some important caveats. Some places are essentially swarming with COVID and should be avoided or only visited after taking precautions to avoid infection. Read on to find out moreand to ensure your health and the health of others, don't miss these Sure Signs You've Already Had COVID.

Dr. Anthony Fauci, the nation's top infectious-disease expert, has been urging Americans to enjoy the holidays with family, as long as everyone is vaccinated. "But I want to make sure this is not confused with going to a large gathering and there are many of these parties that have 30, 40, 50 people in which you do not know the vaccination status of individuals," he said on Thursday. "Those are the kind of functions in the context of COVID and particularly in the context of Omicron that you do not want to go to."

"Given the number of new cases reported daily, infected people are at airports and getting onto airplanes," said Sheldon H. Jacobson, a professor of computer science at the University of Illinois at Urbana-Champaign who studies public health and aviation security, told NBC News this week. "The riskiest part of air travel is the time before and after flights, not during flights. Waiting in a terminal prior to boarding is a vulnerable time and environment for virus spread." Your move: Be vigilant about wearing a high-quality mask (like an N95, KN95 or surgical mask) at all times. If you haven't upgraded from a cloth mask, now is the time.

RELATED: Omicron Symptoms Most Commonly Appear Like This

Crowded Christmas services are another potential hotspot. "If people are going to gather in places of worship, they should be prepared for the fact that they will be exposed to the variant," Perry Halkitis, dean of the Rutgers School of Public Health, told NorthJersey.com on Thursday. Experts' advice: Attend services virtually if possible, and wear a mask if you attend in person.

Since the beginning of the pandemic, experts have warned that eating in a restaurant poses a major COVID risk. This still applies amid the surge of the highly contagious Delta and Omicron variants. "If you're indoors whether it's a restaurant, a gym or a concert you're going to be more prone to acquiring the virus, whether you're vaccinated or not, just from that unventilated setting," Ravina Kullar, a Los Angeles-based infectious disease expert and member of the Infectious Diseases Society of America, told CNBC.

RELATED: The Supplements Doctors Say to Stop Taking Now

The Centers for Disease Control and Prevention is advising Americans not to travel to countries at Level 4 COVID spread, defined as more than 500 new COVID-19 cases per 100,000 residents in the past 28 days. More than 85 countries are now on that list, including the United Kingdom, France and Spain. You can see the agency's latest recommendations in map form here.

RELATED: The #1 Cause of "Too Much" Visceral Fat

Follow the fundamentals and help end this pandemic, no matter where you liveget vaccinated ASAP; if you live in an area with low vaccination rates, wear an N95 face mask, don't travel, social distance, avoid large crowds, don't go indoors with people you're not sheltering with (especially in bars), practice good hand hygiene, and to protect your life and the lives of others, don't visit any of these 35 Places You're Most Likely to Catch COVID.

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Places "Swarming" With COVID, Say Experts Eat This Not That - Eat This, Not That

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Global economy and development in 2021: What we learned in Brookings Global – Brookings Institution

The past year, we have witnessed widening economic and social disparities and inequities and increasing concentration of poverty exacerbated by the COVID-19 pandemic. In 2021, Brookings experts within the Global Economy and Development program continued to identify opportunities to ensure a more equitable future for some of the worlds most vulnerable populations.

Building on Globals mission to offer innovative and tangible policy solutions for local, national, and global policymakers, we reflect on some of the past years research and convenings. They include strengthening the global financial safety net, promoting good quality jobs in the face of the Great Resignation, assessing the future of multilateralism and global governance, reversing COVID-19s impact on extreme poverty, inspiring the next generation of women leaders, addressing Americas crisis of despair, transforming and improving education systems, harnessing technology for inclusive growth, developing climate policy for sustainable development, and more.

This list is not comprehensive, and we encourage you to catch up on all the latest Global research here and stay on top of the cutting-edge work from our Africa Growth Initiative, Center for Sustainable Development, and Center for Universal Education.

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Global economy and development in 2021: What we learned in Brookings Global - Brookings Institution

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Have a better 2022 with these tech resolutions – MIT Technology Review

Muting notifications might feel a bit uncomfortable: What if you miss something important? But most everyone I spoke to said something similar about this worry: The people who need to get to you will know how, whether it be via text or phone call. Your mental health and attention will thank you.

Celebrate Digital Cleanup January.If youre feeling ambitious, take a page from my colleague Tate Ryan-Mosley,a reporter ondigital rights and democracy.She will be celebrating her fourthannual Digital Cleanup January, where she devotes four weeks to cleaning up each part of her digital life: emails, files, security, and phone.

Heres how it works:

InWeek1, Tate does a massive purge of her email, unsubscribingfromnewsletters and other lists that dont serve her andmass-deleting emails she wont ever read. She also spends a day reaching out to people who might have emailed her and who she has yet to respond to. The new year is a nice time to revive those connections and lets Tate start fresh conversations with people she cares about.

Week 2is devoted to file organization: cleaning up filesinthe cloud, onthedesktop, and in any drives and putting them where they belong. Its my least favorite week, Tate says. But at the end of it, you feel like you really accomplished something. Tates advice? Dont organize files by date,but rather by general category. And treat file organization as real work,because it is. Ill do it in breaks at work if Im waiting for a meeting,or set aside an hour and listen to music and really do it, she says.

Week 3of Tates digital cleanup is devoted to security.Shegoes through each sensitive personal account and creates new unique passwords with the helpof thepassword manager LastPass. Tate also uses this week to Google herself to get rid of sensitive information,like her personal phone number and address,that might be floating around the internet. Tate swears by the New York Times guide to doxxing yourself,available here, which offers clear instructions on how to keep your private information safe online.

Week 4is the most fun, according to Tate. She takes this week to clean up her phones backlog of photos, delete apps that dont serve her, and reorganizethehome screen. The nice thing is that I dont have to be at my desk to do this, she says. I might bewaiting in line or watching TV. Tate also takes the time this week to turn off her notifications (see above).

For Tate, Digital Cleanup January isnt necessarily fun. How many resolutions are? But when the calendar turns to February, shes achieved a ton. I feel so good for the rest oftheyear, she says. And by December, I cant wait to take care of all of this again. I love how I feel afterwards.

Lastly, remember theres a whole world outside of tech.Once upon a time, people didnt crane their necks over their phones, practicing that particular thumb flick of endlessly scrollingsocial media. Some read books. Others chatted with those around themor simply zoned out for a bit.

Cal Newport, a professor of computer science at Georgetown University, advocates heavily for reforming your relationship with technology, particularly when its really not necessary. When you deploy tech toward things that are important,itshelpful, he says. When you use it as a default distraction from unpleasant thoughts or experiences, it can become a problem. So put the phone down and feel those emotions, even if theyre boredom, sadness, or anxiety. It might make you feel a bit more human again.

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Have a better 2022 with these tech resolutions - MIT Technology Review

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Book Review: Artificial Intelligence and Computing Logic- Cognitive Technology for AI Business Analytics – Analytics Insight

Book Review: Artificial Intelligence and Computing Logic- Cognitive Technology for AI Business Analytics

Artificial intelligence enthusiasts have a recent book on artificial intelligence from Apple Academic Press by Cyrus F. Nourani known as Artificial Intelligence and Computing Logic- Cognitive Technology for AI Business Analytics. It is focused on cutting-edge technology with AI cognitive computing from neuromorphic to quantum cognition as applied to AI business analytics. Lets get into this book on artificial intelligence for tech enthusiasts to have a better understanding.

Artificial Intelligence and Computing Logic- Cognitive Technology for AI Business Analytics help to explore the importance of managing cognitive processes with ontological modelling concepts. The 286 paged-book on artificial intelligence provides a selection of new and advanced accomplishments in AI cognitive computing. It ranges from neurocognition perception to basic facial recognition computing models while combining neurocognitive techniques and affective computing.

Cyrus F. Nourani has included multiple knowledgeable topics for readers such as agent neurocomputing techniques for facial expression recognition, computing haptic motion and ontology epistemic, learning and perceptive computing, virtual reality-based affect adaptive neuromorphic computing, emotive robot androids, and many more. It is amazing how he has integrated these concepts into business analytics because cognitive adoption is highly crucial in business strategy for success.

This book is very important to read for business owners and entrepreneurs to know about leveraging cognitive technology to enhance multiple areas in a business such as enhancing search capabilities, providing personalized customer services, and many more. The strong understanding from this book by Cyrus F. Nourani ensures to create better workflow management in an organization efficiently.

Cyrus F. Nouraniis a Ph.D. holder is a globally-known expert in multiple cutting-edge technologies such as artificial intelligence, computer science, mathematics, enterprise modelling, predictive analytics, IT, management science, and virtual haptic computation. He has more than 400 publications across the world for his expertise. He is known for designing and developing AI robot planning and reasoning systems at Northrop Research and Technology Center, California.

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Book Review: Artificial Intelligence and Computing Logic- Cognitive Technology for AI Business Analytics - Analytics Insight

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Machines that see the world more like humans do – Big Think

Computer vision systems sometimes make inferences about a scene that fly in the face of common sense. For example, if a robot were processing a scene of a dinner table, it might completely ignore a bowl that is visible to any human observer, estimate that a plate is floating above the table, or misperceive a fork to be penetrating a bowl rather than leaning against it.

Move that computer vision system to a self-driving car and the stakes become much higher for example, such systems have failed to detect emergency vehicles and pedestrians crossing the street.

To overcome these errors, MIT researchers have developed a framework that helps machines see the world more like humans do reports MIT News. Their new artificial intelligence system for analyzing scenes learns to perceive real-world objects from just a few images, and perceives scenes in terms of these learned objects.

The researchers built the framework using probabilistic programming, an AI approach that enables the system to cross-check detected objects against input data, to see if the images recorded from a camera are a likely match to any candidate scene. Probabilistic inference allows the system to infer whether mismatches are likely due to noise or to errors in the scene interpretation that need to be corrected by further processing.

This common-sense safeguard allows the system to detect and correct many errors that plague the deep-learning approaches that have also been used for computer vision. Probabilistic programming also makes it possible to infer probable contact relationships between objects in the scene, and use common-sense reasoning about these contacts to infer more accurate positions for objects.

If you dont know about the contact relationships, then you could say that an object is floating above the table that would be a valid explanation. As humans, it is obvious to us that this is physically unrealistic and the object resting on top of the table is a more likely pose of the object. Because our reasoning system is aware of this sort of knowledge, it can infer more accurate poses. That is a key insight of this work, says lead author Nishad Gothoskar, an electrical engineering and computer science (EECS) PhD student with the Probabilistic Computing Project.

In addition to improving the safety of self-driving cars, this work could enhance the performance of computer perception systems that must interpret complicated arrangements of objects, like a robot tasked with cleaning a cluttered kitchen.

Gothoskars co-authors include recent EECS PhD graduate Marco Cusumano-Towner; research engineer Ben Zinberg; visiting student Matin Ghavamizadeh; Falk Pollok, a software engineer in the MIT-IBM Watson AI Lab; recent EECS masters graduate Austin Garrett; Dan Gutfreund, a principal investigator in the MIT-IBM Watson AI Lab; Joshua B. Tenenbaum, the Paul E. Newton Career Development Professor of Cognitive Science and Computation in the Department of Brain and Cognitive Sciences (BCS) and a member of the Computer Science and Artificial Intelligence Laboratory; and senior author Vikash K. Mansinghka, principal research scientist and leader of the Probabilistic Computing Project in BCS. The research is being presented at the Conference on Neural Information Processing Systems in December.

A blast from the past

To develop the system, called 3D Scene Perception via Probabilistic Programming (3DP3), the researchers drew on a concept from the early days of AI research, which is that computer vision can be thought of as the inverse of computer graphics.

Computer graphics focuses on generating images based on the representation of a scene; computer vision can be seen as the inverse of this process.Gothoskar and his collaborators made this technique more learnable and scalable by incorporating it into a framework built using probabilistic programming.

Probabilistic programming allows us to write down our knowledge about some aspects of the world in a way a computer can interpret, but at the same time, it allows us to express what we dont know, the uncertainty. So, the system is able to automatically learn from data and also automatically detect when the rules dont hold, Cusumano-Towner explains.

In this case, the model is encoded with prior knowledge about 3D scenes. For instance, 3DP3 knows that scenes are composed of different objects, and that these objects often lay flat on top of each other but they may not always be in such simple relationships. This enables the model to reason about a scene with more common sense.

Learning shapes and scenes

To analyze an image of a scene, 3DP3 first learns about the objects in that scene. After being shown only five images of an object, each taken from a different angle, 3DP3 learns the objects shape and estimates the volume it would occupy in space.

If I show you an object from five different perspectives, you can build a pretty good representation of that object. Youd understand its color, its shape, and youd be able to recognize that object in many different scenes, Gothoskar says.

Mansinghka adds, This is way less data than deep-learning approaches. For example, the Dense Fusion neural object detection system requires thousands of training examples for each object type. In contrast, 3DP3 only requires a few images per object, and reports uncertainty about the parts of each objects shape that it doesnt know.

The 3DP3 system generates a graph to represent the scene, where each object is a node and the lines that connect the nodes indicate which objects are in contact with one another. This enables 3DP3 to produce a more accurate estimation of how the objects are arranged. (Deep-learning approaches rely on depth images to estimate object poses, but these methods dont produce a graph structure of contact relationships, so their estimations are less accurate.)

Outperforming baseline models

The researchers compared 3DP3 with several deep-learning systems, all tasked with estimating the poses of 3D objects in a scene.

In nearly all instances, 3DP3 generated more accurate poses than other models and performed far better when some objects were partially obstructing others. And 3DP3 only needed to see five images of each object, while each of the baseline models it outperformed needed thousands of images for training.

When used in conjunction with another model, 3DP3 was able to improve its accuracy. For instance, a deep-learning model might predict that a bowl is floating slightly above a table, but because 3DP3 has knowledge of the contact relationships and can see that this is an unlikely configuration, it is able to make a correction by aligning the bowl with the table.

I found it surprising to see how large the errors from deep learning could sometimes be producing scene representations where objects really didnt match with what people would perceive. I also found it surprising that only a little bit of model-based inference in our causal probabilistic program was enough to detect and fix these errors. Of course, there is still a long way to go to make it fast and robust enough for challenging real-time vision systems but for the first time, were seeing probabilistic programming and structured causal models improving robustness over deep learning on hard 3D vision benchmarks, Mansinghka says.

In the future, the researchers would like to push the system further so it can learn about an object from a single image, or a single frame in a movie, and then be able to detect that object robustly in different scenes. They would also like to explore the use of 3DP3 to gather training data for a neural network. It is often difficult for humans to manually label images with 3D geometry, so 3DP3 could be used to generate more complex image labels.

The 3DP3 system combines low-fidelity graphics modeling with common-sense reasoning to correct large scene interpretation errors made by deep learning neural nets. This type of approach could have broad applicability as it addresses important failure modes of deep learning. The MIT researchers accomplishment also shows how probabilistic programming technology previously developed under DARPAs Probabilistic Programming for Advancing Machine Learning (PPAML) program can be applied to solve central problems of common-sense AI under DARPAs current Machine Common Sense (MCS) program, says Matt Turek, DARPA Program Manager for the Machine Common Sense Program, who was not involved in this research, though the program partially funded the study.

Additional funders include the Singapore Defense Science and Technology Agency collaboration with the MIT Schwarzman College of Computing, Intels Probabilistic Computing Center, the MIT-IBM Watson AI Lab, the Aphorism Foundation, and the Siegel Family Foundation.

Republished with permission ofMIT News. Read theoriginal article.

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