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Board directors are best situated to ensure that their company is on track to reap the benefits of AI while avoiding its harms and litigation risks. Further, as in cybersecurity, current litigation trends indicate that directors are more likely to face personal liability for AI-supported mishaps as the potential impact on companies becomes clearer. Directors will be exposing the company and themselves to legal liabilities if they fail to uphold their fiduciary duty and mitigate preventable harms from AI systems created or deployed by the companies they govern.

From Board Responsibility for Artificial Intelligence Oversight:

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But the CIA and MI6 are dwarfed in size and resources by their sister agencies for signals intelligence (SIGINT), which involves intercepting and often deciphering messages.

From What to read to understand intelligence and espionage | The Economist:

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One side effect of all the new AI developments is that biometrics will increase greatly in importance.

From Biometrics will become more important – Marginal REVOLUTION.

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sometimes ‘girls watch men enter their pin and use their card when they’re sedated’.

From Fraud expert reveals how strip club spikers fleece patrons for thousands with hacked card machines | Daily Mail Online:

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An artificial-intelligence (AI) chatbot can write such convincing fake research-paper abstracts that scientists are often unable to spot them, according to a preprint posted on the bioRxiv server in late December1. Researchers are divided over the implications for science.

“I am very worried,” says Sandra Wachter, who studies technology and regulation at the University of Oxford, UK, and was not involved in the research. “If we’re now in a situation where the experts are not able to determine what’s true or not, we lose the middleman that we desperately need to guide us through complicated topics,” she adds.

From Abstracts written by ChatGPT fool scientists:

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The history of equity markets reveal how effective government regulation can actually facilitate widespread adoption by standardizing market conditions, preventing manipulation, and protecting the average investor.

From Regulating Crypto: Democratization & “The Bucket Shop Problem”:

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Bankman-Fried is the second-highest donor to Democratic causes, but says he donated just as much to Republicans using “dark” money.

From Sam Bankman-Fried’s ‘Secret Backdoor’ Worth $65 Billion, Court Hears:

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The proposed legislation will also unlock the full benefits of a new government identity verification system, known as GOV.UK One Login. As part of the Cabinet Office, the Government Digital Service (GDS) is developing GOV.UK One Login, through close collaboration with other government departments.

Inclusion is at the heart of GOV.UK One Login. The proposed data-sharing legislation will ensure that more people than ever before will be able to prove their identity online and access government services, so that anybody who wants to use online services is able to. Furthermore, the government is committed to realising the benefits of digital identity technologies without creating ID cards.

From Consultation on draft legislation to support identity verification – GOV.UK.

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Writing over at the World Economic Forum for their annual meeting (Davos 2023, the CEO of Chainalysis, Michael Gronager, talks about the web3 technologies having the potential to unlock new use cases in finance that aren’t currently possible due to the illiquidity of traditional assets; to increase transparency and enable community ownership of assets.

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The bank rolled out savings accounts, personal loans and credit cards. Its 2019 credit-card partnership with Apple Inc. signaled its ambitions to be a big player in the business.

Goldman invested billions of dollars in Marcus. But it struggled to bulk up the credit-card business following an early win with the Apple Card. A long-awaited checking account never materialized.

From Goldman Sachs Lost $3 Billion on Consumer Lending Push – WSJ:

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