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Daily Archives: June 16, 2024

Financial regulators have ‘insufficiently’ addressed hedge funds’ use of AI

FedScoop: ” SEC and CFTC oversight of how investment vehicles use AI to inform trading decisions is lacking and poses risks to market stability, a report from the majority staff of the Senate Homeland Security and Governmental Affairs Committee finds. Federal financial regulators are playing catch-up in their oversight of how hedge funds are using artificial intelligence to guide trading decisions, presenting a serious risk to market stability, the majority staff of the Senate Homeland Security and Governmental Affairs Committee warned Friday. In a 45-page report, shared exclusively with FedScoop and led by HSGAC Chair Gary Peters, D-Mich., staffers found the combination of recent regulatory actions and the current federal legal framework to “insufficiently address the evolving uses of AI in the financial services sector, including by hedge funds in trading decisions.” “The report also finds that the risks of future impacts resulting from AI use in investment decisions go beyond potential harm to individual investors and could have an impact on wider financial stability,” the authors wrote. “Use of more complex approaches to AI in the financial sector, absent any uniform basic guiding principles and industry-wide rules, increases risks to both individual investors and markets.” The surging prevalence of AI across the financial services sector has been especially pronounced among hedge funds, the report noted of the investment vehicles that are responsible for more than $5 trillion in assets under management in the country…” [h/t Pete Weiss]

LinkedIn’s AI Career Coaches Will See You Now

Amanda Hoover, Wired: “LinkedIn has ramped up its generative AI tools in the past year and is moving to incorporate the tech into even more of its offerings. On Thursday, the career site announced new features like a pilot for AI-powered expert advice, an interactive chat to break down information in LinkedIn courses, and more… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, June 15, 2024

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, June 15, 2024 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the… Continue Reading

Climate Quick Reference Guides Now on

“Even when data is at your fingertips it can sometimes still be hard to find what you’re looking for – especially when it comes to climate information. USDA’s Climate Hubs and Natural Resources Conservation Service (NRCS) are helping to meet that need by providing Climate Quick Reference Guides for agricultural producers and landowners seeking basic… Continue Reading

‘Off the charts’: the key breakthroughs giving new hope in treating cancer

The Guardian: ‘Off the charts’: the key breakthroughs giving new hope in treating cancer. World’s largest cancer conference in Chicago shares ‘impressive’ findings in vaccines, drug trials and AI. At the 2024 American Society of Clinical Oncology annual meeting, the world’s largest cancer conference, doctors, scientists and researchers shared new findings on ways to tackle… Continue Reading

Patrons Speak Out: The Impact of Losing Access to More Than 500,000 Books

Internet Archives Blogs: “Earlier this week, we asked readers across social media to tell us the impact of losing access to more than 500,000 books removed from our library as a result of the publishers’ lawsuit. The response was overwhelming, and the stories shared were powerful and heartfelt. It wasn’t just titles that disappeared—it was… Continue Reading

10 Times as Much of This Toxic Pesticide Could End Up on Your Tomatoes and Celery Under a New EPA Proposal

ProPublica: “When you bite into a piece of celery, there’s a fair chance that it will be coated with a thin film of a toxic pesticide called acephate. The bug killer — also used on tomatoes, cranberries, Brussels sprouts and other fruits and vegetables — belongs to a class of compounds linked to autism, hyperactivity… Continue Reading

Sick of scams? Stop answering your phone.

Washington Post [unpaywalled]: “The first rule of avoiding scam calls is to never answer unknown numbers, and even some known ones. Curious? Bored? Worried it’s an emergency? Wait the extra minute it takes for the call to go to voice mail, then decide if it’s legitimate. Unfortunately, every year hundreds of thousands of people in… Continue Reading

ProPublica Updates “Supreme Connections” Database With New Justice Disclosures

“We updated our “Supreme Connections” database on Wednesday with new entries from recently released financial disclosures from Supreme Court justices, as well as five filings from 2003 to 2007 we had previously been missing. “Supreme Connections” is our database that makes it easy for anyone to browse justices’ financial disclosures and to search for connections… Continue Reading