Microsoft Seeks Government Regulation of Facial Recognition Technology
Microsoft has requested that the government regulate the use of the technology company’s automated facial-recognition software and has suggested that a new law should be put in place immediately.
There is a need for facial recognition technology to be regulated. As long as this area remains a rule-free space, then the commercial pressures could force companies in the market to choose between being responsible or growing market share.
Without rules, the technology creates not only a lack of privacy but has the potential to let governments track down dissidents, use it for mass surveillance, and could even incorrectly identify citizens as criminals if the technology is inaccurate.
Microsoft is working towards transparency with their facial recognition technology and wants to stop facial recognition from reinforcing existing discriminatory patterns. The company is hoping for independent audits of the facial recognition services to check that the technology is being used morally and responsibly and not infringing on any rights.
“The world needs to have confidence that this technology will be used well. Then we’ll be able to innovate in ways that benefit society.” -Brad Smith, Microsoft President
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive!