Ramesh has seven years of experience writing and editing stories on finance, enterprise and consumer technology, and diversity and inclusion. She has previously worked at formerly News Corp-owned TechCircle, business daily The Economic Times and The New Indian Express.
Firms using large language models that power gen AI-powered tools must consider security and privacy aspects such as data access, output monitoring and model security before jumping on the bandwagon, said Troy Leach of Cloud Security Alliance. "Everything is going to be AI as a service," Leach predicted.
This week, the FTX hacker moved more than $100 million of funds as the trial of the company's former CEO begins; crypto losses in the third quarter of this year were $685.5 million; and the DOJ said that China uses crypto to hide funds and identities in its illicit drug operations.
The U.S. FTC says it is keeping a "close watch" on artificial intelligence, writing Tuesday that it has received a swath of complaints objecting to bias, collection of biometric data such as voice prints and limited ways to appeal a decisive algorithm that fails to satisfy consumers.
The NSA has set up a new organization to oversee artificial intelligence in national security systems. Dubbed the AI Security Center, the unit will consolidate the agency's AI activities and support the government's effort to "maintain its competitive edge in AI," said Army Gen. Paul Nakasone.
U.S. President Joe Biden says he expects to soon sign an executive order detailing how the United States can harness opportunities of artificial intelligence while protecting citizens from "profound" risks. The United States is far from enacting comprehensive AI regulation.
This week, Mixin Network investigated a $200 million hack; Web3 lost $889 million to hacks, phishing scams and rug pulls during the third quarter; hackers stole $8 million from HTX; Binance sought to dismiss the SEC wash trading case; and Nansen and OpenSea suffered third-party security incidents.
The United States and South Korea reaffirmed a commitment to mitigate the risks in technologies including AI, 5G networks and cloud computing, while developing an "inclusive approach" to govern their use. The two countries said governance must support the development of trustworthy AI.
Federal Reserve Board Governor Lisa D. Cook is cautiously optimistic about the impact of generative AI on jobs and productivity but urged the industry to address the "very real concerns." While she sees "broad benefits from its use, in the short term, she said, AI could disrupt the labor market.
DHS says it will eschew biased artificial intelligence decision-making and facial recognition systems as part of an ongoing federal effort to promote "trustworthy AI." "Artificial intelligence is a powerful tool we must harness effectively," said Secretary of Homeland Security Alejandro Mayorkas.
This week, Vitalik Buterin was the victim of a SIM swapping attack, North Korea likely orchestrated the $55 million CoinEx hack, OneCoin co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison and former FTX executive Ryan Salame will reportedly plead guilty to criminal charges.
U.S. federal agencies are advising organizations to hone their real-time verification capabilities and passive detection techniques to alleviate the impact of deepfakes. The technology's easy accessibility means less capable malicious actors can make use of deepfakes' mounting verisimilitude.
Adobe, IBM, Nvidia, and five additional tech giants on Tuesday signed onto a White House-driven initiative for developing secure and trustworthy generative artificial intelligence models. The commitments, at least for now, are the closet approximation of targeted AI regulation in the United States.
California Gov. Gavin Newsom on Wednesday signed an executive order to study the development, use and risks of artificial intelligence, and develop a process to deploy "trustworthy AI" in the state government. The order calls for a staggered implementation over the next two years.
This week's roundup includes an update on the Tornado Cash case, a proposal for a law-abiding crypto mixer, August hack numbers, Stake's resumption of operations, Binance's delisting of privacy coins in Belgium and a court order against the CEO of Celsius.
Artificial intelligence holds the potential to undermine trust in democracy - but overwrought warnings themselves can erode trust in the system critics seek to preserve, warns a cybersecurity firm. AI is "a long way from massively influencing our perception of reality and political discourse."
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