Snippings

In OpenAI’s paper on GPT-4, they say explicitly that it shares the limitations of its predecessors. It is not reliable (it “hallucinates” facts and makes reasoning errors) so “great care should be taken” in high-stakes context with a protocol (such as human review, grounding with additional context, or avoiding high-stakes uses altogether) matching the needs of a specific use-case. (In other words, as I wrote in Forbes recently, you should never ask GPT-4 a question you don’t already know the answer to!)

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The study found that the average UK shoppers returns 15% of the items they buy online. That rises to 20% for millennials and 22% among Gen Z shoppers. Retailers including Zara, Next, LookFantastic and Mountain Warehouse now charge shoppers to send items back, while others are reported to have started warning customers who are thought to be ‘serial returners’ that they have the right to suspend their accounts.

From Research updates: retailers on secure customer authentication, customers on serial returners – Internet Retailing:

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In a networked world, more money can be made in managing interactions than in performing actions.

From Where Value Lives in a Networked World.

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Following this partnership, LSEG will leverage Mastercard’s Open Banking capabilities in order to develop its already existing suite of digital identity and fraud solutions. This will allow businesses to use a multi-method approach in order to verify account data and information for multiple US deposit accounts.

Furthermore, by using Mastercard’s Open Banking technology, GIACT will be able to deploy Nacha-compliant account verification services across its customers and third-party businesses. GIACT clients will also have the possibility to access user-permissioned, real-time data in order to verify bank account owner, transaction information, as well as income account balance.

From LSEG partners with Mastercard – ThePaypers:

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The global value of central bank digital currencies (CBDCs) will grow dramatically from $100 million today to $213 billion by 2030, once the virtual money gains greater adoption for domestic payments, according to new data from Juniper Research.

By 2030, 92% of the total value transacted through CBDCs around the world will be paid domestically, as cross-border payment systems face an uphill battle for adoption, Juniper predicted.

The digital currency, which is backed by traditional fiat cash such as the US dollar or British pound, can bolster financial inclusion because customers don’t have to have a bank account to hold them; they can instead use encrypted “digital wallets” that exist in the cloud, on a desktop or laptop, or even on USB storage device.

From Government-backed digital money to represent $213B in payments by 2030 | Computerworld:

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A consumer would need to have a certified digital identity wallet sitting alongside their digital payments wallet and the two would need to be able to interact at the point of payment – whether that’s online, in-store or through another channel.

From Digital identity is coming to payments. Are you ready? – ThePaypers:

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Eighteenth Century Token,
Scotland, KIRKCALDY. Kempson’s Adam Smith penny 1797 (bust of Smith r./scene of the ‘Wealth of Nations’). D&H.1, extremely fine, bronzed and very rare.

From Bonhams : Eighteenth Century Token, Scotland, KIRKCALDY. Kempson’s Adam Smith penny 1797 (bust of Smith r./scene of the ‘Wealth of Nations’). D&H.1,:

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Rebecca Spang

If Soll missed a trick by not showcasing the tokens issued by Smith’s hometown of Kirkcaldy in the 1790s—with legends reading “the penny of Scotland” and “wealth of nations,” they were stamped with Smith on one side and various tools, including a prominent plow, on the reverse—he is hardly the first historian of economic ideas to ignore numismatic evidence.

From How We Learned to Love “Free” Markets:

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Anyone who depends on LinkedIn to search for jobs, find business partners or other opportunities is probably aware that the business social media site has had issues with fake profiles. While that is no different than other social media platforms including Twitter and Facebook, it presents a different set of problems for users who look to use LinkedIn for professional purposes.

From Not just Twitter. LinkedIn has fake account problem it’s trying to fix:

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Tools for detection do exist, but using them is not an exact science. “Verifying the identity of a user when creating an account would be another effective way to make it more difficult to set up fake accounts, but such identity proofing would have an impact in terms of cost and user experience,

From Not just Twitter. LinkedIn has fake account problem it’s trying to fix:

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To disrupt traditional login verification, in 2021, ENS Labs and the non-profit Ethereum Foundation sponsored an initiative called Sign-in With Ethereum. Their mission is to offer an open source alternative to Facebook, Apple and Google logins. Therefore, wherever users see the option to Sign-in with Ethereum, you’ll also be granted the ability to seamlessly use your ENS .eth name, and maintain self-sovereign rights over your identity as you visit all supporting apps.

Sign-in with Ethereum is an open source standard created by Gregory Rocco and Wayne Chang. In 2022, they raised a $34 million Series A round led by Andreessen Horowitz to scale Spruce — an independent company dedicated to facilitating the adoption of the Sign-in With Ethereum standard.

From How Ethereum Is Shaping Global Identity:

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