Yesterday I posted briefly about AI and promised to avoid the blitz of AI posts to this site (there were so many AI articles posted prior to the New Year). My thought was that now there are so many sources of AI information that readers of this site do not need to be awakened to what is going on through what is basically a secondary information source.
However, yesterday and last night, after I posted, there followed a mini-deluge of things you should at least checklist as part of your AI information bank:
- SEC, together with NASAA (association of securities regulators in State governments ) and FINRA (the national regulatory self-regulatory association of brokers), yesterday issued a four-page warning relative to AI impact on investment and financial decisions: ignore claims of unregistered brokers offering securities investment advice based on their superior AI systems which made selecting stocks foolproof; beware of fake (“deepfake”) communications based on AI (AI impersonating friends or relatives, sometimes for example claiming in a call to grandparents that they are a grandchild in distress); don’t invest based just on AI advice as AI can generate incorrect conclusions (known generally as hallucinations).
2. Today’s New York Times reports appearance of AI-generated social media posts which inaccurately depict Taylor Swift in apparently sexual settings (let alone giving away cooking pans!).
3. The revival of the long-standing TV Series Law and Order last night aired a new program wherein key evidence in a murder trial was a surveillance camera shot of the crime which perhaps was created willfully by someone using AI to cover up guilt of another person; the TV lawyers speculated that you could never know, in the future, if evidence was true or AI-invented.
If you have had a “bad” AI experience and are willing to share (without identification of your name if I were to recount the fact pattern in a post), I would be interested in hearing about it as part of learning the various ways in which AI is creating problems in real life. I have a feeling that we are moving into dangerous and fascinating territory both for individuals and for businesses alike….