Tag: inclusivity

Crypto Needs a Balanced Approach for an Enhanced Global Outreach, PayBito CEO Says

For crypto’s full potential to be harnessed, striking a balance between divergent patterns and enhancing diversity at all levels is needed, according to Raj Chowdhury, the CEO of crypto trading platform PayBito. 

With multiple metrics reflecting that the crypto community comprises mostly men, Chowdhury believes addressing the gender disparity ratio of more than 2:1 is fundamental to spur more growth. 

He added:

“Crypto has proven its worth as a force for good with efficient low-cost cross-border payment systems, remittance, humanitarian DAOs, DeFi-lending mechanisms, and more. What’s needed for further contribution at a global level is a balanced approach with participation from all sections of the society.”

Higher crypto adoption rates are being witnessed in developing nations across Latin America and Africa because cryptocurrencies render financial inclusion.

Chowdhury pointed out:

“The appearance of the present crypto demographic may have detractors questioning its potential, but it is a fact that cryptocurrencies are proving vital to nations with poor banking infrastructure offering financial inclusion to the underserved with the democratization of money.”

A recent study by crypto exchange KuCoin disclosed that 35% of Nigerians had entered the crypto market in the last six months because of affordable financial services and high inflation rates.

Furthermore, Brazilians are entering the crypto space because of the challenges of being unbanked or underbanked. 

Drawing on this, Chowdhury trusts that an overall balance is needed in the digital asset ecosystem for sustained development as nations like El Salvador and the Central African Republic have set the ball rolling by adopting Bitcoin (BTC) as legal tender. 

Bridging the Accessibility Divide in AI: New Study Insights

In the rapidly evolving landscape of information retrieval and artificial intelligence, a study from Triangle Lab in Canada and Università degli Studi di Milano Bicocca in Italy has cast a spotlight on a critical issue: the accessibility of generative information systems for users with literacy challenges. The study, presented at the 2024 ACM SIGIR Conference on Human Information Interaction and Retrieval, underscores the urgency of developing inclusive AI technologies that cater to the entire spectrum of literacy levels among users.

The study’s findings point to a pressing concern within the industry; generative models such as ChatGPT, Bing Chat, and others, predominantly generate content at a collegiate level. This, inadvertently, excludes a significant demographic that struggles with reading and comprehension. The paper, authored by Adam Roegiest and Zuzana Pinkosova, meticulously analyzes responses from popular Large Language Models (LLMs) and exposes potential biases in their training methodologies that may favor users with higher literacy skills.

The research methodology involved evaluating the readability of generative systems by using popular instruction fine-tuning datasets. The datasets revealed a tendency for systems to produce sophisticated prose that aligns with college-educated users, potentially sidelining those who grapple with cognitive and literacy challenges. The study’s pivotal message is the call for inclusivity in systems that incorporate generative models, making them accessible to individuals with diverse cognitive needs.

The implications of this study are profound for the AI, blockchain, and crypto industries, given their increasing reliance on AI-powered interfaces for user interaction. As these technologies continue to permeate our daily lives, enhancing their accessibility becomes not just an ethical imperative but a business necessity. The potential of AI to revolutionize sectors is boundless, yet without addressing the literacy divide, a substantial portion of the population risks being marginalized.

In response to the study, industry experts are now advocating for a holistic approach to AI development. This includes designing systems with multiple “ideal” responses that vary in complexity while retaining accuracy. Companies behind leading LLMs, like OpenAI and Google, are being called upon to consider the findings of the study in their future model training and to implement strategies that account for the full spectrum of user abilities and needs.

The challenge extends beyond English, encompassing various linguistic forms such as pidgins, creoles, and dialects, which are integral to cultural identities worldwide. These linguistic variants represent more than mere communication tools; they are a fundamental aspect of people’s heritage and daily life. The study’s findings emphasize the necessity for generative models to accommodate these diverse linguistic expressions, ensuring that users are not only understood but also respected in their communication preferences.

In conclusion, while AI and information systems have made significant strides in improving our ability to access and process information, this study serves as a critical reminder of the work that remains to be done. Building fair, accountable, transparent, safe, and accessible systems is imperative if we aim to build a digital environment that benefits all users equitably.

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