Liberty Street Economics: “In our previous post, we documented the significant growth of nonbank financial institutions (NBFIs) over the past decade, but also argued for and showed evidence of NBFIs’ dependence on banks for funding and liquidity support. In this post, we explain that the observed growth of NBFIs reflects banks optimally changing their business… Continue Reading
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Category Archives: Legal Research
AI in Finance is Like Moving From Typewriters To Word Processors
FT.com [unpaywalled]: “The accounting and finance professions have long adapted to technology — from calculators and spreadsheets to cloud computing. However, the emergence of generative AI presents both new challenges and opportunities for students looking to get ahead in the world of finance. From a report: Research last year by investment bank Evercore and Visionary… Continue Reading
Worldwide, news publishers face a “platform reset”
Nieman Lab: “News use across online platforms is fragmenting”: That’s one of the findings from Oxford’s Reuters Institute for the Study of Journalism (RISJ) in its 2024 Digital News Report, out Monday. As the use of Facebook for news declines, a number of other platforms — YouTube, TikTok, WhatsApp — are picking up the slack,… Continue Reading
Clarence Thomas, the Gordon Gekko of the Supreme Court
Prevail: “There’s a scene in Wall Street where Michael Douglas’s Gordon Gekko is explaining to Charlie Sheen’s Bud Fox the difference between being rich and being rich. “I’m talking about liquid,” he says in the back of his limousine. “Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred… Continue Reading
Leo, Brave’s in-browser AI assistant, now incorporates real-time Brave Search results
“Leo—Brave’s in-browser AI assistant—is now even more useful, thanks to its integration with Brave Search. With today’s release, Leo can incorporate search-augmented responses into its answers, powered by the Brave Search API. This new integration allows Leo to provide more accurate and up-to-date answers, especially for queries related to current events or topics where the… Continue Reading
A Detailed Analysis of Article 50 of the EU’s Artificial Intelligence Act
Gils, Thomas, A Detailed Analysis of Article 50 of the EU’s Artificial Intelligence Act (June 14, 2024). Chapter to appear in an upcoming commentary on the EU AI Act (Q3-4 2024)., https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4865427 – “Article 50 of the EU’s AI Act contains transparency requirements for (i) interactive AI systems; (ii) synthetic content (including synthetic audio, image,… Continue Reading
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… Continue Reading
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
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
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
