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Bloomberg via MSN: “Ryanair, a major player in European aviation, has won a case in the US court against Booking.com, one of the world’s largest online travel agencies. The US court has ruled that the Dutch agency violated the Computer Fraud and Abuse Act by accessing the Ryanair website without permission. Court documents identified that …
Via LLRX – Donald Trump wants to reinstate a spoils system in federal government by hiring political loyalists regardless of competence – If elected to serve a second term, Donald Trump says he supports a spoils system, a plan that would give him the authority to fire as many as 50,000 civil servants and replace them …
Thomson Reuters: “The Supreme Court’s recent decision that overturns the decades-old “Chevron deference” doctrine will likely have an enormous impact on the financial industry, and only time will tell how it fully plays out US financial institutions, the regulators who oversee them, and the industry groups that advocate for them have largely maintained a curious …
The Record: “…Forewarn is primarily marketed to and used by the real estate industry, and it has been penetrating that market at a rapid clip. Although some real estate agents say the financial information it returns saves time when finding clients most likely to have the budget for the houses they’re looking at, most agents …
“The Shared Cloud Lexicon and Taxonomy (Lexicon) was created in response to the 2023 US Treasury cloud report, Adoption of Cloud Services in the Financial Sector. The Treasury report noted a lack of common definition for terms related to cloud services and technology, critical services, and terms associated with contract negotiation and service level agreements. …
404 Media, July 14, 2024. Goldman Sachs: AI Is Overhyped, Wildly Expensive, and Unreliable. “Investment giant Goldman Sachs published a research paper about the economic viability of generative AI which notes that there is “little to show for” the huge amount of spending on generative AI infrastructure and questions “whether this large spend will ever …
AI In Finance and Banking – July 15, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, papers by NGO/IGO organizations and economists, speeches, and industry white papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, …
(Almost) 200 Years of News-Based Economic Sentiment Jules H. van Binsbergen, Svetlana Bryzgalova, Mayukh Mukhopadhyay & Varun Sharma – Working Paper 32026. DOI 10.3386/w32026 Issue Date January 2024. “Using text from 200 million pages of 13,000 US local newspapers and machine learning methods, we construct a 170-year-long measure of economic sentiment at the country and state …
“The cryptocurrency industry has been throwing money into politics unlike ever before, and that’s even after political donations from the industry skyrocketed in the 2022 election cycle. Despite the relatively small size of the industry, it has become one of the biggest spenders in the upcoming elections in the United States. Cryptocurrency companies have raised …
The Lever – “Digital surveillance and customer isolation are locking us into a consumer hell of personalized prices. Six years ago, I was at a conference at the University of Chicago, the intellectual heart of corporate-friendly capitalism, when my eyes found the cover of the Chicago Booth Review, the business school’s flagship publication. “Are You …
DataIsPlural: “The Private-Sector AI Indicators dataset, from Georgetown University’s Emerging Technology Observatory, provides “a diverse range of indicators of AI-related activity for hundreds of companies worldwide, from startups to multinationals.” For each of the 670+ companies included, the dataset counts the number of AI-related research articles published by its employees (disaggregated by topic), AI-related patents …
The New York Times [unpaywalled]: “Enid, Okla., surrounded by farms about 90 minutes north of Oklahoma City, has an unwelcome distinction: Home insurance is more expensive, relative to home values, than almost anywhere else in the country. Enid is hardly the American community that is most vulnerable to damaging weather. Yet as a share of …
