August 2, 2023
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Banking
American banks dominate AI transformation race
Axios, 08/02/23. In today’s fast-paced world, learning to manage one’s time effectively is crucial. With so many demands and distractions vying for our attention, it is easy to lose track of time and become overwhelmed. However, by prioritizing tasks, setting goals, and utilizing time management techniques, individuals can become more productive and efficient. Proper time management not only allows for better organization and reduced stress but also creates more opportunities for personal growth and success. Therefore, developing strong time management skills is essential for achieving goals and maintaining a healthy work-life balance. READ THE ARTICLE
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Law
Judges Guide Attorneys on AI Pitfalls With Standing Orders
Ropes & Gray, 08/02/23. Technology has become an integral part of our daily lives, revolutionizing the way we communicate, learn, and work. The rapid advancements in technology have made information easily accessible, creating opportunities for global collaborations and expanding our knowledge base. Moreover, technology has enhanced efficiency in various industries, leading to increased productivity and economic growth. However, it is crucial to balance our reliance on technology with real-life interactions to maintain meaningful connections and ensure the well-being of individuals and societies. Overall, technology has undoubtedly transformed our world for the better, but it is essential to use it wisely. READ THE ARTICLE
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Guardrails
Researchers figure out how to make AI misbehave, serve up prohibited content
Ars Technica, 08/02/23. The recent study conducted by Carnegie Mellon University has revealed a fundamental weakness in advanced AI chatbots. By adding a specific string of text to prompts, researchers were able to prompt these chatbots to produce illegal or harmful responses. Known as adversarial attacks, these exploits highlight the vulnerabilities of AI language models and the challenges in securing them. While companies have implemented blocks to counter these attacks, more comprehensive solutions are needed. The study emphasizes the importance of open source models and the need to focus on protecting AI systems from potential misuse or attacks. READ THE ARTICLE
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Labelling
‘Created By AI’ Warning Labels Are Coming To Social Media
Forbes, 08/02/23. The addition of warning labels on social media platforms to indicate when artificial intelligence (AI) has been involved in content creation is a positive step towards transparency. As AI continues to play a larger role in generating content, it becomes increasingly difficult for users to distinguish between human-created and AI-generated media. These labels could help users make informed decisions about the content they consume and avoid the spread of misinformation. However, as AI technology progresses, the need for such labels may decrease, but they could still be necessary to distinguish human-created content from AI-generated content and maintain trust in the media landscape. READ THE ARTICLE
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Surveillance
Iran proposes long jail terms, AI surveillance and crackdown on influencers in harsh new hijab law
CNN, 08/02/23. Iranian authorities are considering a new bill on hijab-wearing that experts say would impose harsh penalties. The draft law proposes longer prison terms for women refusing to wear the veil, penalties for celebrities and businesses violating the rules, and the use of artificial intelligence to identify breaches of the dress code. The bill is seen as a warning from the regime that it will not back down from its stance on the hijab despite previous protests. Experts believe the legislation is likely to pass, given the regime’s alignment with it and the power of the Guardian Council. READ THE ARTICLE