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Category Archives: Economy

NIST Artificial Intelligence Risk Management Framework

NIST AI 100-1 Artificial Intelligence Risk Management Framework (AI RMF 1.0) January 2023 – “…As directed by the National Artificial Intelligence Initiative Act of 2020 (P.L. 116-283), the goal of the AI RMF is to offer a resource to the organizations designing, developing, deploying, or using AI systems to help manage the many risks of… Continue Reading

OpenAI has hired an army of contractors to make basic coding obsolete

Semafor: “OpenAI, the company behind the chatbot ChatGPT, has ramped up its hiring around the world, bringing on roughly 1,000 remote contractors over the past six months in regions like Latin America and Eastern Europe, according to people familiar with the matter. About 60% of the contractors were hired to do what’s called “data labeling”… Continue Reading

Layoffs by Email Show What Employers Really Think of Their Workers

The New York Times: “…As someone who’s managed people in newsrooms and digital start-ups and has hired and fired people in various capacities for the last 21 years, I think this approach is not just cruel but unnecessary. It’s reasonable to terminate access to company systems, but delivering the news with no personal human contact… Continue Reading

Spontaneous Norms in Law and Economics: A Sketch Typology

Zdybel, Karol B. (2023) : Spontaneous Norms in Law and Economics: A Sketch Typology, ILE Working Paper Series, No. 66, University of Hamburg, Institute of Law and Economics (ILE), Hamburg. European Doctorate in Law and Economics. “This article offers a concise typology of spontaneous norms – i.e., norms that are formed or sustained through decentralized… Continue Reading

FTX creditor list shows airlines, charities and tech firms caught in collapse

Coin Telegraph: “The over 100-page long document lists every entity FTX owes money to, from Big Tech players to local businesses near its Bahamian headquarters. A complete list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse.… Continue Reading

Four Ways Leaders Can Empower People for How Work Gets Done

Microsoft: “Fraying supply chains. Economic headwinds. Changing expectations around hybrid work. The rapid transformations of the past few years have fundamentally reshaped work and life as we know them. It’s clear that the agility and resilience of every organization rest on a workforce empowered with tools that enable them to work more efficiently and flexibly… Continue Reading

Would Chat GPT3 Get a Wharton MBA? A Prediction Based on Its Performance in the Operations Management Course

Christian Terwiesch, “Would Chat GPT3 Get a Wharton MBA? A Prediction Based on Its Performance in the Operations Management Course”, Mack Institute for Innovation Management at the Wharton School, University of Pennsylvania, 2023. “OpenAI’s Chat GPT has shown a remarkable ability to automate some of the skills of highly compensated knowledge workers in general and… Continue Reading

The Federal Reserve is starting a climate experiment

Vox: “The central bank is studying climate risks at major banks, but Fed chair Jerome Powell doesn’t want to get involved in policy…How to run a climate experiment on a bank – The Fed is careful to note that its climate scenario analysis is different from a stress test. In Fed-speak, a stress test measures… Continue Reading

New NYSIF Report: Long Covid

“New York state Insurance Fund has released a report [Shining A Light on Long Covid: an Analysis of Workers Compensation Data] analyzing its Covid-19 workers’ compensation claims to shine a light on Long Covid, a multifaceted syndrome causing new, returning, or ongoing symptoms in people after their initial infection. “As a large insurer with a… Continue Reading

NY – Consumer Protection Guidance In the Event of Virtual Currency Insolvency

“Today New York Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris released Regulatory Guidance to better protect customers in the event of an insolvency or similar proceeding. The Regulatory Guidance reiterates expectations for sound custody and disclosure practices and the paramount importance of the equitable and beneficial interest in the asset always remaining with… Continue Reading