Alphabet Inc. (NASDAQ:GOOG) cancelled its AI ethics board a little more than a week after announcing it

Alphabet Inc. (NASDAQ:GOOG) cancelled its AI ethics board a little more than a week after announcing it

Alphabet Inc. (NASDAQ:GOOG) cancelled its AI ethics board a little more than a week after announcing it

Google has shut down its AI ethics board little more than a week after announcing it.

Vox reports that the Silicon Valley tech giant has scrapped the group, which had been intended to scrutinise the company’s work on artificial intelligence to ensure the tech is ethically developed. A Google spokesperson confirmed the closure to Business Insider.It was mired in controversy from the start, with thousands of Google employees up in arms about the inclusion of Kay Coles James, president of right-wing think tank Heritage Foundation.

Last Tuesday, Google announced the AI ethics board, called the Advanced Technology External Advisory Council, as a way for the company to address difficult ethical decisions it faces with AI.

“This group will consider some of Google’s most complex challenges that arise under our AI Principles, like facial recognition and fairness in machine learning, providing diverse perspectives to inform our work,” Google’s senior vice president of global affairs, Kent Walker, wrote in a blog post announcing it.

Controversy followed almost immediately after the Heritage Foundation president was named to the eight-person council, with some speculating that her addition was Google’s attempt to appease conservative lawmakers who have accused the tech giant of anti-conservative bias. She has previously made anti-trans comments, including calling transgender women”biological males.”

A group of Google employees, known as Googlers Against Transphobia, started a petition demanding her ouster, writing that for Google to appoint James to the ethics board “elevates and endorses her views, implying that hers is a valid perspective worthy of inclusion in its decision making.”

The group said that her addition “significantly undermines Google’s position on AI ethics and fairness” and that because “the potential harms of AI are not evenly distributed,” people “who are most marginalized are most at risk.” Nearly 2,400 Google employees subsequently signed the petition.

Alessandro Acquisti, a leading behavioral economist and privacy researcher, subsequently stepped down from Google’s ethics board, saying he did not think it was “the right forum for me to engage in this important work.” Numerous academics, among others, also signed the petition calling for James’ removal.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 1,260.68.

The projected lower bound is: 1,174.90.

The projected closing price is: 1,217.79.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 91.7645. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 64.11. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 9 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 78. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 9.080 at 1,215.000. Volume was 42% below average (neutral) and Bollinger Bands were 20% narrower than normal.

Open High Low Close Volume___
1,205.9401,215.6701,204.1301,215.000 950,747

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1,191.38 1,145.01 1,132.04
Volatility: 20 24 32
Volume: 1,284,421 1,444,961 1,618,517

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C is currently 7.3% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 23 periods.

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