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Category Archives: Securities Law

TrueMedia.org Launches a Free AI-enabled Deepfake Detector to Help Newsrooms

“TrueMedia.org, a non-partisan, non-profit organization committed to fighting AI-based disinformation, announces the launch of its deepfake detection technology for reporters, and other key audiences to use ahead of the 2024 U.S. elections.  The free tool is currently available to government officials, fact checkers, campaign staff, universities, non-profits, and reporters of accredited news organizations – from progressive to conservative and everyone in between.  The organization has partnered with best-in-class technology providers, researchers, and leading academic labs to create a useful, easy to use, and highly accurate tool. Using an unprecedented model based on AI technology not previously available for public use, the deepfake detector tool allows registered users to input links from TikTok, X, Mastodon, YouTube, Reddit, Instagram, Google Drive, or Facebook to test for signs of media manipulation. TrueMedia.org’s technology has the ability to analyze suspicious media and identify deepfakes over 90% of the time across audio, images, and videos. Examples of recent deepfakes flagged by TrueMedia.org include an alleged Donald Trump arrest photo and an alleged photo of President Biden with top military personnel. In both cases, the TrueMedia.org tool indicated substantial evidence of manipulation…The launch comes amid a sharp rise in deepfakes due to the broad availability of generative AI and associated tools that facilitate manipulating and forging video, audio, images, and text.

Generative AI has made it harder for experts like journalists, academics, researchers and misinformation specialists to recognize real content from fakes. Imagine how hard it must be for the general public to do that; TrueMedia.org is a timely and much needed solution to this problem,” said Charles Salter, President & CEO of the News Literacy Project. The timing is critical as a growing number of Americans obtain their news from social media channels, as evident in a recent Pew study which found the percentage of TikTok users that get news from the platform has doubled since 2020 and is now at 43%. That same study found that over half of U.S. adults regularly get news from social media…”

wallstreet local

“Thousands of filings from the world’s biggest investors.Wall Street’s stock portfolio, for free via wallstreet local. The Securities and Exchange Commission (SEC) keeps record of every company in the United States. Companies whose holdings surpass $100 million though, are required to file a special type of form: the 13F form. This form, filed quarterly, discloses… Continue Reading

Amazon’s Big Secret

The Atlantic [unpaywalled] – “…Nearly 30 years after the company was founded, we still don’t really know where its profits come from. The answer will loom large in the antitrust case against it. Under SEC rules, public corporations must file quarterly reports disclosing revenue, expenses, profits, and other metrics. Initially, only company-wide data were required.… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, February 17, 2024

Via LLRX –  Pete Recommends – Weekly highlights on cyber security issues, February 17, 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

GPT and other AI models can’t analyze an SEC filing

CNBC: “Large language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus AI found. Even the best-performing artificial intelligence model configuration they tested, OpenAI’s GPT-4-Turbo, when armed with the ability to read nearly an entire filing… Continue Reading

SEC’s new data breach disclosure rules take effect

TechCrunch – What you need to know: “Starting December 18, publicly-owned companies operating in the U.S. must comply with a new set of rules requiring them to disclose “material” cyber incidents within 96 hours. The regulation represents a significant shake-up for organizations, many of which have argued that the new rules open them up to… Continue Reading

IRS says Microsoft owes an additional $29 billion in back taxes

CNBC: “Microsoft received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an 8-K filing Wednesday. Microsoft said the dispute concerns the company’s allocated profits between countries and jurisdictions between 2004 and 2013. It said up to $10 billion in taxes that the… Continue Reading

SEC obtains Wall Street firms’ private chats in probe of WhatsApp, Signal use

Ars Technica: “The US Securities and Exchange Commission has “collected thousands of staff messages from more than a dozen major investment companies” as it expands a probe into how employees and executives at Wall Street firms use private messaging platforms such as WhatsApp and Signal, Reuters reported today, citing “four people with direct knowledge of… Continue Reading

How To Prepare for Cyber Disclosures In a New Era of Transparency

Harvard Law School Forum on Corporate Governance, Matt Gorham, Barbara Berlin, and Kevin Vaugh, PricewaterhouseCoopers LLP: “The Securities and Exchange Commission (SEC) released its final rule on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure on July 26, 2023. This gives your organization approximately five months to confirm your compliance plans before the new disclosure… Continue Reading

AI in Banking and Finance, August 15, 2023

Via LLRX – AI in Banking and Finance, August 15, 2023 – This semi-monthly column by Sabrina I. Pacifici highlights news, government and regulatory documents and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, August 12, 2023

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, August 12, 2023 – 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