Citizenship

Understanding AI outputs: study shows pro-western cultural bias in the way AI decisions are explained

Retrieved on: 
Thursday, April 18, 2024

If you were affected, you might want an explanation of why an AI system produced the decision it did.

Key Points: 
  • If you were affected, you might want an explanation of why an AI system produced the decision it did.
  • Yet AI systems are often so computationally complex that not even their designers fully know how the decisions were produced.
  • Explainable AI systems help AI engineers to monitor and correct their models’ processing.
  • We wanted to see to what extent researchers indicated awareness of cultural variations that were potentially relevant for designing satisfactory explainable AI.

Cultural differences in explanations

  • The other is externalist, citing factors like social norms, rules, or other factors that are outside the person.
  • However, such explanations are not obviously preferred over externalist explanations in “collectivist” societies, such as those commonly found across Africa or south Asia, where people often view themselves as interdependent.
  • If people from different cultures prefer different kinds of explanations, this matters for designing inclusive systems of explainable AI.
  • Our research, however, suggests that XAI developers are not sensitive to potential cultural differences in explanation preferences.

Overlooking cultural differences

  • Moreover, when we checked the cultural background of the people tested in the studies, we found 48.1% of the studies did not report on cultural background at all.
  • This suggests that researchers did not consider cultural background to be a factor that could influence the generalisability of results.
  • Of those that did report on cultural background, 81.3% only sampled western, industrialised, educated, rich and democratic populations.
  • Yet, out of the studies that reported on cultural background, 70.1% extended their conclusions beyond the study population – to users, people, humans in general – and most studies did not contain evidence of reflection on cultural similarity.

Why the results matter

  • To address this cultural bias in XAI, developers and psychologists should collaborate to test for relevant cultural differences.
  • As AI is being used worldwide to make important decisions, systems must provide explanations that people from different cultures find acceptable.
  • As it stands, large populations who could benefit from the potential of explainable AI risk being overlooked in XAI research.


The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

Brandywine Realty Trust Prices $400 Million of 8.875% Guaranteed Notes Due 2029

Retrieved on: 
Thursday, April 4, 2024

PHILADELPHIA, April 04, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”).

Key Points: 
  • PHILADELPHIA, April 04, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”).
  • Interest on the Notes will be payable semi-annually on April 12 and October 12 of each year, commencing October 12, 2024.
  • The Notes are being offered to investors at a price of 99.505% of their principal amount, plus accrued interest, if any, from April 12, 2024, with a re-offer yield of 9.000%.
  • The sale of the Notes is expected to close on April 12, 2024, subject to customary closing conditions.

Primacorp Ventures Inc. Donates $50,000 to the Canadian Council for Refugees

Retrieved on: 
Thursday, March 21, 2024

Calgary, Alberta, March 21, 2024 (GLOBE NEWSWIRE) -- Primacorp Ventures presented the Canadian Council for Refugees (CCR) with $50,000 on Thursday, November 16.

Key Points: 
  • Calgary, Alberta, March 21, 2024 (GLOBE NEWSWIRE) -- Primacorp Ventures presented the Canadian Council for Refugees (CCR) with $50,000 on Thursday, November 16.
  • With this donation, Primacorp Ventures is committed to sponsoring the upcoming conferences for the next three years.
  • Raie announced our commitment to support newcomers through various scholarship programs with CDI College and other colleges; Primacorp Ventures has greatly supported refugees and immigrants .
  • Together with its business divisions in real estate and healthcare, Primacorp Ventures focuses on changing lives through education, service, and care.

Madrigal Pharmaceuticals Announces Pricing of Upsized $600 Million Public Offering

Retrieved on: 
Tuesday, March 19, 2024

The size of the offering was increased by $100 million subsequent to the initial announcement of the offering.

Key Points: 
  • The size of the offering was increased by $100 million subsequent to the initial announcement of the offering.
  • The gross proceeds to Madrigal from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $600 million.
  • Madrigal has granted the underwriters of the offering a 30-day option to purchase up to an additional 346,153 shares of common stock from the company at the public offering price, less underwriting discounts and commissions.
  • The offering is expected to close on or about March 21, 2024, subject to the satisfaction of customary closing conditions.

Madrigal Pharmaceuticals Announces Proposed Public Offering

Retrieved on: 
Monday, March 18, 2024

Madrigal also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering at the public offering price, less underwriting discounts and commissions.

Key Points: 
  • Madrigal also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering at the public offering price, less underwriting discounts and commissions.
  • All of the shares in the proposed offering are to be sold by Madrigal.
  • Goldman Sachs & Co. LLC, Jefferies, TD Cowen, Evercore ISI, Piper Sandler, UBS Investment Bank and Citizens JMP are acting as joint bookrunning managers of the proposed offering.
  • The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

CS Global Partners Hosts Exclusive Citizenship and Residency Investment Event in Monaco

Retrieved on: 
Monday, March 18, 2024

London, March 18, 2024 (GLOBE NEWSWIRE) -- Following a successful gathering of industry professionals and high-net-worth individuals (HNWIs), CS Global Partners is pleased to provide a recap of its exclusive Citizenship and Residency Investment Event held in Monaco on 14 March 2024.

Key Points: 
  • London, March 18, 2024 (GLOBE NEWSWIRE) -- Following a successful gathering of industry professionals and high-net-worth individuals (HNWIs), CS Global Partners is pleased to provide a recap of its exclusive Citizenship and Residency Investment Event held in Monaco on 14 March 2024.
  • Luxury real estate professionals, lawyers, and wealth managers from Nice and Monaco were among the distinguished attendees who gathered to explore the vast opportunities presented by citizenship and residency investment programmes.
  • CS Global Partners showcased its comprehensive suite of services, with a key focus on Citizenship by Investment (CBI) programmes in the Caribbean, including Saint Lucia, St Kitts and Nevis, and Dominica.
  • For attendees interested in staying informed about upcoming events and opportunities in the realm of citizenship and residency investment, CS Global Partners encourages you to keep an eye out for future events scheduled later this year.

Paramount Signs 74,000 Square Foot Lease at 1301 Avenue of the Americas

Retrieved on: 
Monday, March 18, 2024

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has signed a 74,000 square foot lease with Citizens at 1301 Avenue of the Americas, a 1.7 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has signed a 74,000 square foot lease with Citizens at 1301 Avenue of the Americas, a 1.7 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan.
  • With this lease signing, the Company has made further progress leasing vacant space at 1301 Avenue of the Americas.
  • “This new lease builds on the momentum of recent leasing activity along Avenue of the Americas, and in our portfolio specifically.
  • Paramount Club, located at 1301 Avenue of the Americas, is a members only club created for corporate employees across our New York portfolio.

Cequence Earns Prestigious Recognition as One of the Hottest Privately Held Cybersecurity Companies by Citizens JMP

Retrieved on: 
Wednesday, March 13, 2024

Cequence , a pioneer in API security and bot management, has been recognized as one of the hottest privately held cybersecurity companies by Citizens JMP, a prominent investment firm specializing in technology sectors.

Key Points: 
  • Cequence , a pioneer in API security and bot management, has been recognized as one of the hottest privately held cybersecurity companies by Citizens JMP, a prominent investment firm specializing in technology sectors.
  • In its annual report, Citizens JMP highlighted Cequence's innovative approach to API protection, an increasingly critical area in cybersecurity.
  • From proactive discovery to real-time threat mitigation, Cequence equips organizations with the tools needed to safeguard their digital assets effectively.
  • Varun Kohli, chief marketing officer at Cequence, said, "We are proud to be acknowledged by Citizens JMP as one of the hottest cybersecurity companies.

Contrast Security Named One of the Hottest Cybersecurity Companies in the 2024 Citizens JMP Securities LLC Cyber 66 Report

Retrieved on: 
Tuesday, April 2, 2024

LOS ALTOS, Calif., April 2, 2024 /PRNewswire/ -- Contrast Security (Contrast), provider of the industry's first Runtime Security Platform to automatically block attacks in production and prevent insecure programming early in development, today announced that it has been named one of the hottest global cybersecurity companies in this year's Cyber 66 report, curated by Citizens JMP, one of the country's top investment banks. This is the sixth consecutive year that Contrast and its innovative, unified Runtime Security Platform has been named to the annual report.

Key Points: 
  • This is the sixth consecutive year that Contrast and its innovative, unified Runtime Security Platform has been named to the annual report.
  • This year's JMP Cyber 66 report states, "[A] dominant theme in cybersecurity in 2023 was the notion of platformization/consolidation of the security tool stack.
  • "Contrast is honored to be recognized by Citizens JMP as one of the hottest cybersecurity companies," said Contrast Security CEO Rick Fitz.
  • The Citizens JMP Cyber 66 executive overview, including the Contrast Security listing, can be downloaded here .

GLOBAL CITIZEN NOW RETURNS TO NEW YORK WITH PAUL KAGAME, PRESIDENT OF RWANDA, MOKGWEETSI MASISI, PRESIDENT OF BOTSWANA, GASTON BROWNE, PRIME MINISTER OF ANTIGUA AND BARBUDA, PHILIP DAVIS, PRIME MINISTER OF THE BAHAMAS, JANJA LULA DA SILVA, THE FIRST LADY

Retrieved on: 
Thursday, March 28, 2024

NEW YORK, March 28, 2024 /PRNewswire/ -- Global Citizen NOW, the summit driving action to end extreme poverty, returns to New York City for a third year, on May 1 and 2. Leaders from the worlds of public policy, media, entertainment, philanthropy, advocacy, and the private sector will convene for two dynamic days focused on taking action today to save tomorrow. 

Key Points: 
  • Global Citizen NOW co-chairs include long-time Global Citizen supporters Anitta, Danai Gurira, Hugh Jackman, Dakota Johnson, and Michelle Yeoh.
  • Political leaders co-chairing this year's summit include Paul Kagame, President of Rwanda; Mokgweetsi Masisi, President of Botswana; Gaston Browne, Prime Minister of Antigua and Barbuda; Philip Davis, Prime Minister of the Bahamas; Stefan Löfven, Former Prime Minister of Sweden; and Erna Solberg, Former Prime Minister of Norway.
  • Global Citizen NOW returns this May with a powerful two-day program focused on turning ideas into actionable impact to end extreme poverty NOW.
  • Applications are now open for media outlets to attend and cover Global Citizen NOW and Global Citizen Prize at Spring Studios in New York City May 1-2.