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

How book-banning campaigns have changed the lives and education of librarians

Nicole A. Cooke, Augusta Baker Endowed Chair and a Professor at the School of Library and Information Science, at the University of South Carolina, identifies the significant and socially charged work of librarians who are defending the rights of readers and writers in the battles raging across the U.S. over censorship, book challenges and book bans. Cooke states, “as long as there have been book challenges, there have been those who defend intellectual freedom and the right to read freely. Librarians and library workers have long been crucial players in the defense of books and ideas. At the 2023 annual American Library Association Conference, scholar Ibram X. Kendi praised library professionals and reminded them that “if you’re fighting book bans, if you’re fighting against censorship, then you are a freedom fighter.”

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Subjects: Communication Skills, Education, Free Speech, KM, Legal Research, Librarian Resources, Libraries & Librarians

Pete Recommends – Weekly highlights on cyber security issues, July 22, 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: 81% of Americans unaware digital health apps can sell personal data; How NIST is helping to guide the government conversation on AI; You may deactivate anyone’s WhatsApp account with a simple email; and The scary world of online behavioral advertising.

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Subjects: Big Data, Cybersecurity, Data Mining, E-Government, Email, Government Resources, Healthcare, Privacy, United States Law

FTC probe of OpenAI: Consumer protection is the opening salvo of US AI regulation

As a researcher of social media and AI, Prof. Anjana Susarla recognizes the immensely transformative potential of generative AI models, but believes that these systems pose risks. In particular, in the context of consumer protection, these models can produce errors, exhibit biases and violate personal data privacy.

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Subjects: AI, Legal Research, Privacy, Technology Trends, United States Law

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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