chairman

Hans Vestberg to take over as Verizon’s CEO in August

Verizon today announced CEO Lowell McAdam is stepping down from his post as August 1, 2018, seven years to the day he took the spot. He will stay on as Executive Chairman of the Board through the end of 2018 and as Non-Executive Chairman thereafter. Hans Vestberg, Chief Technology Officer of Verizon as well as Executive Vice President and President of Global Networks (that’s a long title), will take over as the Chief Executive Officer of the telecom giant who also owns Oath and therefore TechCrunch. McAdam has led Verizon as its CEO since August 2011 and became Chairman on January 2012. In addition to various mergers and acquisitions in the telecom industry, McAdam acquired AOL in 2015 and Yahoo in 2017 to form a digital media and advertising subsidiary. Vestberg is relatively new at Veriz...

UK report urges action to combat AI bias

The need for diverse development teams and truly representational data-sets to avoid biases being baked into AI algorithms is one of the core recommendations in a lengthy Lords committee report looking into the economic, ethical and social implications of artificial intelligence, and published today by the upper House of the UK parliament. “The main ways to address these kinds of biases are to ensure that developers are drawn from diverse gender, ethnic and socio-economic backgrounds, and are aware of, and adhere to, ethical codes of conduct,” the committee writes, chiming with plenty of extant commentary around algorithmic accountability. “It is essential that ethics take centre stage in AI’s development and use,” adds committee chairman, Lord Clement-Jones, in a statement. “The UK has a ...

House Committee will block leakages in Lagos 2018 budget – Chairman

The Lagos State House of Assembly Committee on Appropriation on Tuesday said  it would scrutinise the state’s 2018 budget and block leakages. The Chairman of the Committee, Mr Gbolahan Yishawu (APC- Eti-Osa II), told newsmen in Lagos that the lawmakers would ensure judicious allocation of resources for the growth and development of the state. ““Traditionally, the House of Assembly will scrutinise the budget. We are going to ensure that we go deep. Every step we have taken is for the people of Lagos. ““We will ensure that the money for the people of the state is judiciously and strictly applied for development purposes. “”We will weed out any devil in the system who may want to outsmart the government or be fraudulent,’’ he said. The chairman said that the committee wou...