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Category Archives: Economy

Some Lawyers Using Venmo Are Exposing Confidential Client Information

LawSites – and they May Not Even Know It  – “Multiple lawyers who are using the payments app Venmo in their law practices are exposing client information to the public — and they may not even know it. These accounts expose client names and sometimes other details, such as payment amounts, the nature of the… Continue Reading

Social Security Administration Digitizes or Removes Signature Requirements for Many Forms

Move eases burden on millions of customers: “Today, the Social Security Administration (SSA) announced progress this year to reduce customer burden by transitioning wet (physical) signature requirements to digital signatures for over 30 forms as well as removing the signature requirements altogether for 13 forms. These actions simplify application processes for people, including removing a… Continue Reading

Gartner Predicts 30% of Gen AI Projects Will Be Abandoned After Proof of Concept By End of 2025

Analysts Explore the Business Value of Generative AI at Gartner Data & Analytics Summit, July 29-30 in Sydney – At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to… Continue Reading

Update to U.S. precipitation frequency standards now accounts for climate trends

“A key scientific NOAA resource on extreme precipitation that is widely used by floodplain managers, city planners, civil engineers, developers and communities across the nation will soon include climate trend data. NOAA’s Precipitation Frequency Atlas of the United States (Atlas) provides the statistical likelihood of an extreme precipitation event at a particular location in any… Continue Reading

AI in Finance and Banking, August 30, 2024

Via LLRX. AI in Finance and Banking, August 30, 2024 This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as… Continue Reading

Researchers use AI to map drought-prone regions in Canada

National Drought Mitigation Center: “Drought is a significant threat to Canada’s agriculture, water resources and ecosystems. A recent study by the University of Ottawa and Laval University uses Artificial Intelligence to map drought-prone regions in the country. By using deep-learning techniques and data from the Canadian Drought Monitor and ERA5-Land, the study provides an analysis… Continue Reading

Consumer Reports survey: Many Americans concerned about AI, algorithms

Washington, DC – “A new nationally representative Consumer Reports survey  explores Americans’ attitudes toward artificial intelligence (AI) and algorithmic decision-making. The survey found that a majority of Americans are uncomfortable about the use of AI and algorithmic decision-making technology around major life moments as it relates to housing, employment, and healthcare. CR conducted this multi-mode… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, August 24, 2024

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, August 24, 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… Continue Reading

Don’t trust Google for customer service numbers. It might be a scam.

Washington Post [unpaywalled]: “Scams just keep popping up when you Google. On Monday, I found what appeared to be impostors of customer service for Delta and Coinbase, the cryptocurrency company, in the “People also ask” section high up in Google. A group of people experienced in Google’s intricacies also said this week that it took… Continue Reading

Multinational Enterprise Information Platform

Annie Burns-Pieper] via Data is Plural: “The Multinational Enterprise Information Platform, a collaboration between the OECD and the UN Statistics Division, provides publicly sourced data on the 500 multinational corporations with the largest market capitalization. Its “Global Register” dataset examines the companies’ structure, listing each subsidiary’s name, parent company, address, alternative names, and various unique… Continue Reading

Biggest US companies warn of growing AI risk

FT.com [unpaywalled] – “Study finds more than half of Fortune 500 groups cited new technology as a potential hazard in their latest annual reports. More than half of the US’s biggest companies see artificial intelligence as a potential risk to their businesses, according to a new survey of corporate filings that highlights how the emerging… Continue Reading

The Economist US election forecast model

The Economist’s model of America’s presidential election estimates each major candidate’s chances of winning each state and the overall electoral college. Developed with a team of scholars at Columbia University, the forecast combines national and state-level polls with fundamental data about the state of the economy, historical voting patterns and the demographics of each state… Continue Reading