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“The Internal Revenue Service submitted a report today to Congress evaluating a Direct File option for taxpayers and is taking steps to begin a pilot project for the 2024 filing season following a directive from the Treasury Department. The report to Congress, required by the Inflation Reduction Act, evaluated the feasibility of providing taxpayers with …
Microsoft researchers published a study arguing that OpenAI’s GPT-4 AI system was progressing toward artificial general intelligence (AGI). The 155-page paper, entitled “Sparks of Artificial General Intelligence,” argues that GPT-4 is part of a new cohort of large language models (LLMs) “that exhibit more general intelligence than previous AI models.” Sparks of Artificial General Intelligence: …
Hansen, Anne Lundgaard and Kazinnik, Sophia, Can ChatGPT Decipher Fedspeak? (March 24, 2023). Available at SSRN: https://ssrn.com/abstract=4399406 or http://dx.doi.org/10.2139/ssrn.4399406 – Yes! This paper investigates the ability of Generative Pre-training Transformer (GPT) models to decipher Fedspeak, a term used to describe the technical language used by the Federal Reserve to communicate on monetary policy decisions. We …
Senate Judiciary Committee Hearing. May 15, 20223 – Oversight of A.I.: Rules for Artificial Intelligence – Hearing video Witnesses – Samuel Altman, CEO OpenAI San Francisco, CA – Download Testimony: “…OpenAI is a leading developer of large language models (LLMs) and other AI tools. Fundamentally, the current generation of AI models are large-scale statistical prediction …
Sunstein, Cass R., The Rule of Law (March 30, 2023). Available at SSRN: https://ssrn.com/abstract=4405238 or http://dx.doi.org/10.2139/ssrn.4405238– “The concept of the rule of law is invoked for purposes that are both numerous and diverse, and that concept is often said to overlap with, or to require, an assortment of other practices and ideals, including democracy, free …
WSJ – free access: “A once-in-a-generation convergence of technology and pressure to operate more efficiently has corporations saying many lost jobs may never return For generations of Americans, a corporate job was a path to stable prosperity. No more. The jobs lost in a monthslong cascade of white-collar layoffs triggered by overhiring and rising interest …
Bruce Mehlman, May 10, 2023 [40 page PDF] “Over the first two decades of the 21 st Century, the U.S. (and world) grew increasingly dependent on: • China (for manufacturing, supply chains & deficit financing) • Digital (as everything digitized, networked & automated) • Easy Money (as low interest rates & QE persisted without serious …
a16zcrypto: “Emerging technologies evolve in cycles; in crypto, this includes periods of high activity, followed by so-called crypto winters. In the period marked by our now-annual State of Crypto report, it would be easy for a casual observer to overlook the rapid progress the crypto industry is making. Major infrastructure improvements like The Merge – …
YouTube: “London School of Economics Professor and Nobel Prize-Winning Economist Christopher Pissarides joins Caroline Hyde and Ed Ludlow to discuss how the rise of generative AI could lead to a four-day work week and why he thinks the labor market could adapt quickly enough.”
Jeremy Singer-Vine: “The AI, Algorithmic, and Automation Incidents and Controversies initiative, founded by Charlie Pownall in 2019, maintains a repository of such events, as well as related systems (e.g., GPT-4) and datasets (e.g., Labeled Faces in the Wild). The project’s spreadsheet features 1,000+ entries, each listing a title, type, year, country, sector, operator, purpose, and …
inma: “…TikTok is not merely for teenagers. About 75% of its users in Britain are aged 18 to 44, and about 60% are female. The overwhelming majority consume it as a single-screen activity: they are glued to the app for an average of around an hour per day. The Economist launched on TikTok in July …
“The California Department of Financial Protection and Innovation (DFPI) today released its Review of DFPI’s Oversight and Regulation of Silicon Valley Bank (SVB). The report summarizes DFPI’s supervision of SVB and reviews the circumstances that led to the failure of the bank. Findings include: SVB was slow to remediate regulator-identified deficiencies; and regulators did not …
