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A software program called UNU harnessed the collective power of horse racing experts to correctly predict which four horses would cross the finish line — and in which order — at this weekend’s Kentucky Derby.
The prediction, called a superfecta, had 540-to-1 odds — which means if you bet $1, you’d win $540.
And that’s exactly what Tech Insider reporter Hope Reese did.
It’s was her idea for UNU to make the call. She knew that the platform, developed by Unanimous A.I., a Silicon Valley startup founded by entrepreneur and researcher Louis Rosenberg, had made some correct predictions in the past.
And here’s the amazing thing — while the Swarm A.I. got the picks perfect, not a single individual who participated in the swarm got the picks right on their own — not one.”
In fact, the tool had accurately guessed winners for the Super Bowl, the NCAA championships, the Oscars, and also correctly predicted primary election results.
Project Cybersyn was a Chilean project from 1971–1973 during the presidency of Salvador Allende aimed at constructing a distributed decision support system to aid in the management of the national economy. The project consisted of four modules: an economic simulator, custom software to check factory performance, an operations room, and a national network of telex machines that were linked to one mainframe computer. Project
Cybersyn was based on viable system model theory and a neural network approach to organizational design, and featured innovative technology for its time: it included a network of telex machines (Cybernet) in state-run enterprises that would transmit and receive information with the government in Santiago. Information from the field would be fed into statistical modeling software (Cyberstride) that would monitor production indicators (such as raw material supplies or high rates of worker absenteeism) in real time, and alert the workers in the first case, and in abnormal situations also the central government, if those parameters fell outside acceptable ranges. The information would also be input into economic simulation software (CHECO, for CHilean ECOnomic simulator) that the government could use to forecast the possible outcome of economic decisions. Finally, a sophisticated operations room (Opsroom) would provide a space where managers could see relevant economic data, formulate responses to emergencies, and transmit advice and directives to enterprises and factories in alarm situations by using the telex network.
The principal architect of the system was British operations research scientist Stafford Beer, and the system embodied his notions of organisational cybernetics in industrial management. One of its main objectives was to devolve decision-making power within industrial enterprises to their workforce in order to develop self-regulation of factories.
Is sports betting about to get a whole hell of a lot less interesting?