Banks race to appoint chief AI officers amid rapid changes

A character bearing that name appears in a remarkable number of chatbot-generated stories. He could be a messenger from the future – or a warning that generative AI is in danger of ‘model collapse’ Ever heard of a shadowy figure called Elias Thorne? If you haven’t, try asking an AI chatbot to tell you a story. In recent months, tech types and researchers have noticed a weird phenomenon: when prompted to tell a story, numerous popular LLMs, including ChatGPT and Claude, will spit out a tale featuring this mysterious Elias figure. Continue reading...

Unrestrained development of unsafe AI systems is leading to intolerable risks Stuart Russell is a computer scientist known for his contributions to AI and a new Guardian US columnist The AI company Anthropic has been making major headlines recently. Its trillion-dollar IPO plan and its blood feud with secretary of defense Pete Hegseth have attracted much attention, but two other events may be even more consequential. In early June, the company posted an article describing early signs of recursive self-improvement (RSI), a process in which an AI system devises ways to increase its own intelligence, leading to a greater ability to improve itself, and so on. Stuart Russell is a distinguished professor of computer science at University of California, Berkeley, the president of the International Association for Safe and Ethical Artificial Intelligence and a Guardian US columnist Continue reading...

The G7 summit is wrapping up in the French city of Evian, with the agenda dominated by questions of tech sovereignty and protection of minors on social media. All G7 members are in favour of a social media ban for teenagers, with the UK already introducing one and France thinking of introducing one in the near future. But disagreements persist, on the topic of AI for example. FRANCE 24's Philip Turle takes a look at the last day's objectives from Evian.

The layoffs highlight the tension between technological advancement and workforce adaptability, underscoring the need for effective change management. The post Tech CEO lays off 80% of workforce after employees refused to adopt AI appeared first on Crypto Briefing.

Wells Fargo’s 7,950 S&P 500 target implies 5.2% upside and leans on 2026 EPS of $340 and 2027 EPS of $390 amid AI tailwinds and easing Iran risk, per Reuters.

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Tether has reduced its Bitdeer holdings by 627,000 shares after selling stock worth about $12.7 million, while retaining a 19.7% stake in the Bitcoin mining and AI infrastructure company. According to TheEnergyMag, the USDT issuer sold the shares on June…

A couple in Washington state has admitted to stealing nearly $229,000 from banks and their customers. According to the DOJ, Emily Vranic and co-defendant Heather Marquis stole mail and used personal identifying information to take over and drain victim bank accounts while running up credit cards. “Once they had fully taken over a stolen identity, […] The post West Coast Couple Steals Nearly $229,000 From Banks and Customers in Identity Fraud Scheme: DOJ appeared first on The Daily Hodl.