A library of snippets
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personal AI agents could be entrusted with a “duty of loyalty” that binds the service provider to operate the agent in the best interests of the user. These agents could manage tasks like travel bookings or e-commerce purchases with the same trustworthiness as a high-end fiduciary representative, advocating only your interests.
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Consumer Reports is exploring the potential for developing pro-consumer AI agents that prioritize user interests above all else. This approach comes with unique legal and design challenges that set it apart from purely commercial offerings.
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Meta says that as soon as the video selfie is uploaded it will be encrypted and stored securely
From: Meta reboots Facebook face biometrics to combat ‘celeb-bait’ ads | Biometric Update.
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We’re handing so much money over to owners of prime residential or commercial land, to owners of oil and gas fields, intellectual property and infrastructure that there isn’t enough left to create enough demand for dynamic sectors of the economy.
From: 26 October 2024. Capitalism | History – by Andrew Curry.
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In fact, the past two years have been the best for banking since before the Great Recession. Globally, banks generated $7 trillion in revenue (Exhibit 1) and $1.1 trillion in net income, with return on tangible equity (ROTE) reaching 11.7 percent. Banks have returned to healthy levels of capital (12.8 percent common equity tier one capital divided by risk-weighted assets) and liquidity (77.2 percent), which both improved over 2022. In fact, banking generated more total profit than any other sector around the world.
From: McKinsey’s Global Banking Annual Review 2024 | McKinsey.
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Fraudsters posing as legitimate wholesalers received the 950 clothbound cheeses from the Southwark-based company before it was realised they were a fake firm.
From: More than 22 tonnes of cheddar stolen from Neal’s Yard Dairy.
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A May 2024 study by the American Land Title Association and economic research firm NDP Analytics with 783 responses found seller impersonation fraud — when someone fakes the identities of property owners with the aim to sell their properties — is fairly common. Twenty-eight percent of title insurance companies experienced at least one seller impersonation fraud attempt in 2023; 19% saw attempts in April 2024 alone.
From: AI Is Making It Easier for Scammers to Steal Homes From Their Owners – Business Insider.
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The new regulation enforces penalties on those who continue to pay rent in cash. All rent payments are now required to be processed through banks or Türkiye’s Post and Telegraph Agency (PTT).
From: Cash rent payments come to end across Türkiye – Türkiye Today.
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Stirling generally works in his store’s express checkout lane, where customers buy 12 items or fewer. “Speed is really essential to make sure the line doesn’t build up beyond two or three people,” he says. And customers who meticulously count out change can slow down the process significantly. The supermarket worker prefers shoppers who use contactless credit or debit cards, simply tapping and going without much fuss.
A study by the National Association of Convenience Stores, an American trade body, estimates that counting out pennies can add up to 2.5 seconds to every cash transaction. That isn’t a significant amount in and of itself, but multiplied millions of times a day, it can have an impact on productivity.
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The gold-backed ZiG, which stands for Zimbabwe Gold, is the country’s sixth attempt at a stable currency in 15 years. It was introduced in April at a rate of 13.6 ZiG per US dollar and has since lost almost 80% of its value on the black market.
From: Zimbabwe’s new currency faces headwinds five months on.
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