Addressing Algorithmic Bias in AI | Wall Street REITs Reshaping Real Estate | Gun Suicides and State Policies in the US | Affordable 'Never-Ending Cruise'

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� � � � � � You Might Like � � � � � � � � � Eliminating Algorithmic Bias Is Just the Beginning of Equitable AI - Harvard Business Review    When it comes to artificial intelligence and inequality, algorithmic bias rightly receives a lot of attention. But it’s just one way that AI can lead to inequitable outcomes. To truly create equitable AI, we need to consider three forces through which it might make society more or less equal: technological forces, supply-side forces, and demand-side forces. The last of these is particularly underemphasized. The use of AI in a product can change how much customers value it — for example, patients who put less stock in an algorithmic diagnosis — which in turn can affect how that product is used and how those working alongside it are compensated. From automating mundane tasks to pioneering breakthroughs in healthcare, artificial intelligence is revolutionizing the way we live and work, promising immense potential for productivity gains and innovation. Yet, it has become increasingly apparent that the promises of AI aren’t distributed equally — it risks exacerbating social and economic disparities, particularly across demographic characteristics such as race. Business and government leaders are being called on to ensure the benefits of AI-driven advancements are accessible to all. Yet it seems that for each passing day there is some new way in which AI creates inequality, resulting in a reactive patchwork of solutions — or often no response at all. If we want to effectively address AI-driven inequality, we will need a proactive, holistic approach. Continued here How Wall Street's REIT giants are reshaping U.S. real estate - CNBC    U.S real estate investment trusts today manage $4.5 trillion in real estate worldwide. Many groups on Wall Street offer these tax-friendly funds to retail investors.  KKR's real estate business is one of the big players in the REIT game. The private equity firm manages multiple REIT funds. The KKR Real Estate Select Trust, which currently manages $1.5 billion in assets, paid a dividend of 5.4% to its investors in July 2023. "When you look at the after tax equivalent of that yield, it is very compelling." said Billy Butcher, CEO of KKR's global real estate business. "The depreciation from our properties has covered 100% of the income generated by our properties, and there's no tax on that dividend," he said in an interview with CNBC. Continued here Don't like ads? Go ad-free with TradeBriefs Premium With gun suicides at record levels in the US, rates differ markedly by state policies on gun safety, new report shows | CNN -     As gun suicides climb to record levels in the United States, there’s a stark and growing difference in rates among states with stronger gun safety law and those with weaker policies, a new report shows. States with the weakest gun safety laws saw the rate of gun suicides jump 39% over the past two decades – from about 8 gun suicides for every 100,000 people in 1999 to nearly 12 in 2022, according to an analysis from the nonprofit Everytown for Gun Safety. But in states with the strongest gun safety laws, gun suicide rates decreased slightly over that time — down from 3.6 to 3.4 gun suicides for every 100,000 people. Continued here 'Cruise That Never Ends' May Cost Less Than Your Monthly Rent | Entrepreneur - Entrepreneur    By Amanda Breen • Sep 5, 2023 Cruise lovers who want to see the world from a ship on somewhat of a budget — indefinitely — now have the chance. Life at Sea, which bills itself as the only "affordable" option for long-term cruising, will launch a three-year voyage aboard its MV Lara ship in November and give passengers the option to extend for additional three-year stints, CNN reported. Continued here

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