??AI: Integration vs. Regulation

"Optimism is the faith that leads to achievement.”

— Helen Keller

?? Friends, Rallie here. The newsletter, rain or shine, delivering the latest in crypto, finance, and tech.

On the menu:

• ??AI: Integration vs. Regulation
• ??? Headlines That Hit
• ?? Refresh: Fiat Money
• ?? Trivia Tuesday
• ?? Top Tweets

The Rallie Recap

???Remember earlier this year when experts warned that we needed AI regulation or else? Today, we’re giving you a rundown of the growing pains and lessons learned so far in AI:

• AI is at a crossroads.??The technology?gold rush has caused experts and the general public to see the impacts of its integration while regulation lags.
• ???As a callback to our previous newsletter, we discussed?the booming investments coming into the AI race, from major corporations to entire industries.
• A race to the bottom? ?? ????Experts are concerned that?many countries are becoming increasingly lax with regulation in an effort to not get left behind… and it?could?further the wealth gap?between developing nations.
• An OCED survey of ~5.3K workers sees?the potential for AI to “benefit job satisfaction, health and wages?but was?also seen posing risks around privacy, reinforcing workplace biases and pushing people to overwork.”???
• ???The public’s perception of AI is still divided…

• Already put to work.????Chatbots are now starting to grow in use to interview and screen job applicants, and experts are already concerned.?????The technology is trained with the data inputed into its system; however,?systemic prejudice hidden in the data may cause AI to become a biased and discriminatory tool.
• ???The supporters of AI’s use in recruitment argue that?chatbots help recruiters with the workload and expand the amount of applicants that can be reviewed.?That said, both sides agree that?much more learning needs to be done for the sector’s AI technologies.
• Meanwhile,?in every reported case where police accidentally arrested someone using AI facial recognition technology, that person has been Black.???
• Like with every revolutionary advancement, is this just AI’s learning curve?
• ????Onto the next battle!?The SEC is redirecting its regulating sights from crypto to AI, the Chairman of the SEC,?Gary Gensler?put aside his famous troubles with crypto?(for now).
• ???Gensler argues that there is a more critical task at hand…?“AI may heighten financial fragility” and destabilize the global economy?because of?herding behaviour, potential tech monopolies and the possible exploitation of AI to obscure accountability?if things go wrong.???

• But… corporate investments are still pouring in the AI race.
• ?? ???Lenovo launched a new wave of data management solutions?designed to make it easier for organizations to?use AI workloads and data analysis off of AI programs.
• Dell also released its own AI solutions;?however, it’s to help clients?set up access to large language models and create generative AI projects.?????Additionally, they have released a service platform to?enhance AI efficiency and infrastructure.
• Microsoft’s red team is making strides in AI security and risk assessment frameworks, addressing issues such as machine learning flaws and failures.???
• ???A critical part of growth is knowing the flaws that an advancement has, but will AI incorporate too many concerns for the future?

That is all for our sneak peek into our newsletter! Go to?our website and subscribe for free for the full newsletter!???

To get?a free course, sign up on our BeeHiiv site and successfully refer one person!