London Eye. (AP Photo/Kirsty Wigglesworth) Atomico, the tech investment firm in London started by Skype cofounder Niklas Zennstrom, today released a big new piece of research on the much-debated state of the European startup scene. Atomico has a vested interest in that scene, having backed big Euro tech names such as [...]
AI is under development to detect tax evasion. "The artificial intelligence approach does not require pre-existing evidence. Instead, it focuses on rule mining, in which individual tax code regulations are lined up against one another to ascertain if they can be used collectively to create a sophisticated tax dodge. Rule mining takes advantage of a surprising feature of tax shelters: While their inner workings are convoluted and complex, their general aim at the highest level is usually simple and clear -- to lower tax bills by improperly generating bogus losses, deductions, offsets and credits that minus the shelters would not exist."
"It's incredibly difficult to have a computer algorithm that duplicates the enormous creativity of taxpayers, but it's very promising."
New academic research seeks to use artificial intelligence to combat tax evasion by corporate entities, from publicly traded multinationals to private partnerships. “We see the tax code as a calculator,” said Jacob Rosen, a researcher at the Massachusetts Institute of Technology who focuses on the abstract representation of financial transactions and artificial intelligence techniques. A recent paper by Rosen and four other computer scientists ...
The blackest paint in the world. "First of all, it can absorb the light at a very high efficiency. And secondly, it can withstand very high temperatures in air, above 700 degrees Celsius. That isn't possible with existing materials." Withstanding high temperatures is essential for use in concentrating solar thermal power plants. "The research team claims that it can convert up to 90% of the sunlight it captures into heat."
The material is a mosaic of nanoscale metal tiles such that the size of these particles matches the wavelengths of light.
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