Category «Economy»

Why Google, Bing and other search engines’ embrace of generative AI threatens $68 billion SEO industry

Dr. Ravi Sen discusses how Google, Microsoft and others boast that generative artificial intelligence tools like ChatGPT will make searching the internet better than ever for users. For example, rather than having to wade through a sea of URLs, users will be able to just get an answer combed from the entire internet. There are also some concerns with the rise of AI-fueled search engines, such as the opacity over where information comes from, the potential for “hallucinated” answers and copyright issues. But one other consequence is that I believe it may destroy the US$68 billion search engine optimization industry that companies like Google helped create.

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Subjects: AI, AI in Banking and Finance, Economy, Search Engines, Search Strategies

Pete Recommends – Weekly highlights on cyber security issues, October 14, 2023

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: Phishers Spoof USPS, 12 Other Natl’ Postal Services; Privacy professionals need to be aware of tech abuse; Is That ATM Safe? 8 Tips to Protect Your Debit or Credit Card; and Cybercrime Classification and Measurement.

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Subjects: Congress, Cybercrime, Cybersecurity, Economy, Financial System, Government Resources, Privacy

AI in Banking and Finance, September 15, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this week: Generative Artificial Intelligence in Finance: Risk Considerations; Banks hear the eerie echoes of AI-generated voices; I.R.S. Deploys Artificial Intelligence to Catch Tax Evasion; and Blockchain, AI Set to Transform Financial Markets: Moody’s.

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Subjects: AI in Banking and Finance, Blockchain, Congress, Economy, Financial System, Legal Research

AI in Finance and Banking – August 30, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this week: Are Large Language Models Finance’s Second Shot At AI?; Convergence of AI and blockchain: Unlocking new possibilities; Generative AI in Operational Risk Management: and Generative AI in Operational Risk Management: Harnessing the Future of Finance.

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Subjects: AI, AI in Banking and Finance, Blockchain, Economy, Financial System, Government Resources

Pete Recommends – Weekly highlights on cyber security issues, August 26, 2023

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: Potential New York Times lawsuit could force OpenAI to wipe ChatGPT and start over; Health Data Breach Lawsuits Surge as Cyberattacks Keep Climbing; Biden administration unveils new crypto tax reporting rules; and Imposter scams are the top U.S. fraud.

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Subjects: AI, Blockchain, Cryptocurrency, Cybercrime, Cybersecurity, Economy, Email Security, Financial System, Health, Legal Research

AI in Banking and Finance, August 15, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government and regulatory documents and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this week: AI in the financial industry: Machine learning in banking; Machine Learning Boosts Profits – Banking Giant’s Deep Dive; Banks embracing the AI future need to pay attention to its risks; and the S.E.C.’s Chief Is Worried About A.I.

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Subjects: AI, AI in Banking and Finance, Cybersecurity, Economy, Financial System, Government Resources, Legal Research

AI in Banking and Finance, July 30, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this week: What The Generative AI Boom Means For Your Job, The Economy And The S&P 500; BloombergGPT: A Large Language Model for Finance; Generative AI and the future of work in America; and Will AI Cause ‘Explosive’ Economic Growth?

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Subjects: AI in Banking and Finance, Economy, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, July 29, 2023

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: New Tool Shows if Your Car Might Be Tracking You, Selling Your Data; Crypto Sector Is Rife With ‘Fraud’ and ‘Hucksters’ Warns Gary Gensler; This Stalkerware is Spying On Thousands: Here’s What To Do; and How researchers broke ChatGPT and what it could mean for future AI development.

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Subjects: AI, Blockchain, Cryptocurrencies, Cybercrime, Cybersecurity, Economy, Financial System, Health, Legal Research, Privacy, Securities Law

Decentralized Autonomous Organizations (DAO) 2023

As stated by Ethereum, “a DAO is a collectively-owned, blockchain-governed organization working towards a shared mission.” Marcus P. Zillman features resources on how DAOs can impact business operations, identifies challenges to participation, and delivers a diverse bibliography of NFT resources that includes governance, regulation, blockchain and law.

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Subjects: Blockchain, Economy, Financial System, Legal Research

AI in Banking and Finance – July 15, 2023

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this week: OECD: 60% of finance and manufacturing workers fear AI replacement; Wharton professor says ‘things that took me weeks to master in my PhD’ take ‘seconds’ with new ChatGPT tool; AI, trust, and data security are key issues for finance firms and their customers; and Finance Professionals May Find A Research Assistant In AI.

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Subjects: AI in Banking and Finance, Columns, Cybercrime, Cybersecurity, Economy, Financial System
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