It has been suggested that regulation of GAI by government will impair US national security because “China is ahead of us and will invent and distribute and in fact utilize better AI and hamstring US intelligence.” This argument seems far-fetched, … Continue reading
Stephen Honig
Do we need new laws to describe what GAI can and cannot do in the hands of businesses? Yes and no. Some laws affecting business apply to GAI-generated activity (ads; on-line experience and interface). Under the Federal Trade Commission rules … Continue reading
A program today at the Boston Bar Association started with a step backwards to try to educate lawyers (slow learners, all of us) about why Generative AI is different from “old” AI and reference to the hype that it is … Continue reading
It is not clear what boards of directors should be doing about AI. (The answer will be applicable to public companies with anticipated SEC and possible Stock Exchange promulgations and mandatory disclosures, but much the same conundrum will affect managers … Continue reading
Today’s Times reports that META has released its AI codes to the public so that anyone can use them as a base for creating chatboxes. The argument is that the technology works best if shared and that it is the … Continue reading
How to think about risk when dealing with a tool of great efficiency and business value? Two ways: risks identified and widely discussed, and risks no one is talking about with specificity. On May 16, CEO Altman of Open AI, … Continue reading
Two points here: pace of AI penetration and how to understand that penetration. To get to 50 million users, the automobile took five decades. Pokeman Go got there in a few days. Other apps reached that number in a matter … Continue reading
This is the first in what I envision as a series of posts tracking developments in AI. Two schools of thought are emerging. The first is that AI is the future of progress and work and a great boon to … Continue reading
The SEC has enacted new regulations effecting required reporting on the part of hedge fund and PE fund advisers, some of which are focused on disclosing events within the the management structure and some of which are designed to signal … Continue reading
Today, the SEC announced new Rules requiring wide disclosure relating to corporate redemption of shares. Buy-backs are huge (in 2021, they totaled $950 Billion), and have been occasionally questioned in the liberal press as events that wrongly reward investors, while … Continue reading