SET Training - Banking and Fintech

Our Report:  The   US, UK, and 16 other global partners have released new guidelines to “make AI safe by design” using third-party testing and a bug bounty program.   Key Points: The UK, the US, along with international partners from  16 other countries (including Germany, Italy, Israel, Singapore & more), have signed a 20-page document  to create AI systems that are “safe by design” The guidelines build upon the U.S. government's ongoing efforts to ensure  new tools are tested before public release, addressing societal harms such as bias, discrimination, privacy concerns— and setting up clear ways for consumers to identify AI-generated material. The commitments require companies to  facilitate third-party discovery and reporting of vulnerabilities in their AI systems through a bug bounty system  (get ready devs, it’s time to make a tonne of cash). On the matter, the  US cybersecurity agency said:   "The approach prioritizes ownershi...

Under an Executive Order with the innocuous number 14067 and its title, "Ensuring Responsible Development of Digital Assets" , any transfer of funds to family, friends, charities, or clients using digital currency would be able to be tracked by the nation's central bank that issued this virtual money.  Big Brother will be in your wallet every hour or every day. You will not be able to buy a stick of gum without a Federal Reserve computer knowing where, when, and to whom you just put down a buck. Read the full article on the Gatestone Institute website HERE .