As the world of artificial intelligence is racing with humanity into the future, deep moral questions are being raised about the efficacy and even sustainability of the current path. When AI-based facial recognition was used to identify the sexual orientation of men with up to 91% accuracy, for instance, it resulted in shockwaves. A computer could see into people’s souls and understand their deepest most feelings. These tables are now being turned on central bankers for the purpose of identifying their most intimate thoughts regarding policy leanings.
Deep thoughts had been vexing Japanese central banker before policy announcement, says AI-Based facial recognition analysis performed by scientists
Nomura’s Yoshiyuki Suimon is on the cutting edge of reading people’s minds. He doesn’t use a crystal ball or see deep into their soul. What the research at the Japanese bank’s Financial & Economic Research Centre did was take pictures of Bank of Japan Governor Haruhiko Kuroda and let AI-based facial recognition software do the rest.
Based on using Microsoft’s Emotion API software, Suimon and a team of researchers were able to discern facial expressions of “anger” and “disgust” at a news conference that preceded major central bank actions.
At press briefings that took place immediately after the formal announcements of policy changes, Kuroda’s face showed less “sadness,” Suinom and his team concluded.
Working with Daichi Isami, a Microsoft researcher, the pair on their own time conducted the study.
“Their findings offer a fresh approach to analyzing policymakers’ inner world and minds,” Izumi told Reuters. “I think it’s possible to build up data on other key people globally, quantify it to predict what comes next.” The concept was first reported by The Wall Street Journal early in 2016.
Their next targets might include US Fed chair Janet Yellen and ECB Governor Mario Draghi, Suimon said.
But this could just be the start of this technology in both investing and society in general. Any corporate executive that appears in a venue where successive pictures can be taken and correlated to the speakers’ thoughts is where the technology works. What about a stock analyst touting yet another bullish stock market call? Or a hedge fund executive defending themselves from insider trading charges?
But even further. Perhaps judges and police in the future will use facial recognition to determine guilt or innocence?
The AI revolution is coming and when it hits, the world will change.