$1.90 – for many that sum equates to the price of a takeaway coffee. But for a growing number of people it represents the maximum daily spend.
Now for the first time a charitable organization aims to help such people – with the aid of artificial intelligence that was mapped out at the UC Berkeley School of Information.
How does it work? Using poverty data and satellite images, as well as the help of local organizations, the AI identifies geographical areas in need of financial support.
Mobile data is then used to hone in on the most impoverished people in these areas, with mobile money technology enabling cash to be directly transferred to eligible citizens for a period of five months.
On the money.