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With the risks of hallucinations, private data information leakage and regulatory compliance that face AI, there is a growing chorus of experts and vendors saying there is a clear need for some kind of protection.

One such organization that is now building technology to protect against AI data risks is New York City based Arthur AI. The company, founded in 2018, has raised over $60 million to date, largely to fund machine learning monitoring and observability technology. Among the companies that Arthur AI claims as customers are three of the top-five U.S. banks, Humana, John Deere and the U.S. Department of Defense (DoD).

PacWest Bancorp said late on Wednesday it was in talks with potential partners and investors about strategic options after shares of the Los Angeles-based lender and several other U.S. regional banks tumbled amid fears of a worsening banking crisis.

Peter Morici, professor emeritus at the University of Maryland, joined NewsNation Now to discuss.

Continue reading “Will PacWest be the next bank to fail? | NewsNation Now” »

Some companies are negatively impacted by the appearance of ChatGPT and similar AI.

CNBC’s Deirdre Bosa reports on Chegg as the shares of a California education company dropped more than 40%. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi.

Continue reading “Chegg stock plunges on AI threat to new user growth” »

Joshua Browder, the CEO of robo-lawyer startup DoNotPay, says that he handed over his entire financial life to OpenAI’s GPT-4 large language model in an attempt to save money.

“I decided to outsource my entire personal financial life to GPT-4 (via the DoNotPay chat we are building),” Browder tweeted. “I gave AutoGPT access to my bank, financial statements, credit report, and email.”

According to the CEO, the AI was able to save him $217.85 by automating tasks that would’ve cost him precious time.

Stem cells (SCs) are undifferentiated cells which can proliferate indefinitely or differentiate into progenitor cells and end-phase differentiated cells (becoming pluripotent) (Mayo, 2021; Slack, 2022). Human embryonic SCs (hE-SCs) are found in the inner cell mass of the blastocyst; h E-SC research raises ethical concerns (Lo and Parham, 2009), and h E-SC transplantation in vivo can lead to the formation of large tumors called teratomas (Blum and Benvenisty, 2008).

Small numbers of adult SCs are found in some organ “niches”, including the bone marrow, where hematopoietic progenitor cells (HPC) replenish blood and immune cells. In 1958, Mathe et al. (1959) successfully performed the first adult SC therapy on five workers who had received high-dose accidental irradiation at the Vinca Nuclear Institute in Yugoslavia. After transfusions and grafts of homologous adult bone marrow, all workers survived (Mathe et al., 1959).

For years, the human umbilical cord was a waste material and, unlike h E-SCs, its use does not raise ethical concerns. In 1988, Gluckman et al. (1989) successfully performed the first human cord blood transplant in a child with Fanconi’s anemia. Since then, numerous public and private cord blood banks have been established worldwide for the cryopreservation of cord blood in view of its transplantation (Gluckman, 2011).

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Are you a PhD student working on AI ethics? The 6th AAAI/ACM Conference on Artificial Intelligence, Ethics, and Society (AIES) invites PhD students to apply for the AIES student track, which offers targeted programming, mentorship, and funding to attend AIES in Montreal from August 8–10, 2023. We welcome all disciplines, methods, and backgrounds and strongly encourage applications from underrepresented and/or minoritized students.

Deadline: May 12, 2023

The AIES student track is a competitive program that provides PhD students with targeted programming, mentorship, and financial support to attend AIES. In addition to attending the conference, accepted students present their research in a lightning talk and poster session, participate in breakout groups with peers, and receive mentoring from senior scholars.

Continue reading “Call for Papers (Students)” »

Murthy said he will use ChatGPT as an instrument, an assistant in producing better quality of work and output — but not as a human replacement.

“At the end of the day, I am a great believer in the theory that the human mind is the most powerful imagination, machine. There is nothing that can beat the human mind.”

Infosys is the world’s third most valuable IT services brand with a brand value of $13 billion, trailing behind Accenture and Tata Consultancy Services, according to brand valuation firm Brand Finance’s Global 500 2023 report.

Cortical Labs, an Australian startup developing a new type of artificial intelligence that combines lab-grown human brain cells with computer chips, has raised $10 million in a funding round led by Horizons Ventures, the private investment arm of Hong Kong’s richest person, Li Ka-shing.

Blackbird Ventures, Australia’s leading venture capital fund, has also taken part in the financing round, Cortical Labs said in a statement on Wednesday. Other investors include In-Q-Tel, the venture capital arm of the Central Intelligence Agency, as well as U.S.-based LifeX Ventures and Australia-headquartered Radar Ventures, among others.

Cortical Labs said it will use the capital to commercialize its biological computer chips—human brain cells derived from stem cells that are grown on top of microelectrode arrays. Cortical Labs refers to their system as DishBrain, and says it’s capable of performing goal-directed tasks.

Banks can attach SWIFT Codes and bank accounts to a UMU digital currency wallet and transaction SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at best-priced wholesale FX rates and with instantaneous real-time settlement.

In an IMF interview with Tobias Adrian, Financial Counsellor at the International Monetary Fund, he states “Cross-border payments can be slow, expensive, and risky. In today’s world of payments, counterparties in different jurisdictions rely on costly trusted relationships to offset the lack of a common settlement asset together with common rules and governance. But imagine if a multilateral platform existed that could improve cross-border payments—at the same time transforming foreign exchange transactions, risk sharing, and more generally, financial contracting.”

According to Darrell Hubbard, the Executive Director of the DCMA, and the chief architect of UMU, “This vision expressed by the IMF is the exact solution the DCMA is delivering to central banks worldwide.”