also, i was once on the board of a bank holding company. the fault here lies with the management of SVB, but there were intense and frequent audits by regulators to prevent exactly this from happening.
REGULATION
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Government Role in Depositor Protection and Financial Accountability
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the government has a role to protect depositors, and we should all want this certainty. but part of the deal should be that when they get it wrong, they help take care of depositors (liquidity, arranging a sale, etc.)
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SVB Crisis: How Political Branding Complicated Banking Resolution
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i believe that if Silicon Valley Bank were instead called Farmers Bank Of Santa Clara (they bank a lot of winegrowers!) we would have had this easily resolved. unfortunately it became somewhat political.
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FDIC Emergency Measures Prevent Banking System Collapse
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this would have been easy to fix friday, but now being certain of avoiding calamity requires something drastic. e.g. the FDIC temporarily guaranteeing all deposits, and announcing emergency liquidity as needed for continuity of operations.
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EU Addresses Real AI Risks and Algorithmic Challenges
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‘Risks posed by #AI are real’: EU moves to beat the #Algorithms that ruin lives
by @kalyeena @guardian Learn more: https://
buff.ly/3A4zJZH #ArtificialIntelligence #MI #Digital #DataScience cc: @ronald_vanloon @pbalakrishnarao @karpathy -
Chinese Police Deploy Smart Glasses for Criminal Detection
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Chinese police are using smart-glasses for spot criminals
— Ronald van Loon (@Ronald_vanLoon) 11 mars 2023
by @wef#AI #IoT #ArtificialIntelligence #InternetofThings #Smartcities #FacialRecognition #MachineLearning
cc: @maxjcm @ronald_vanloon @pascal_bornet pic.twitter.com/GHMmC901sEChinese police are using smart-glasses for spot criminals
by @wef #AI #IoT #ArtificialIntelligence #InternetofThings #Smartcities #FacialRecognition #MachineLearning cc: @maxjcm @ronald_vanloon @pascal_bornet -
ChatGPT’s Dangerous Nuclear Stability Assumption Highlights AI Safety Risks
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When ChatGPT was asked (WSJ essay by Schmidt et al) to write about AI and arms control, it's funny that it assumes giving AI the nuclear codes would lead to "unprecedented stability". Great example of a coherent answer that is, in fact, completely insane! https://
wsj.com/articles/chatg
pt-heralds-an-intellectual-revolution-enlightenment-artificial-intelligence-homo-technicus-technology-cognition-morality-philosophy-774331c6
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5G Security Vigilance Essential as Technology Rolls Out
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As #5G Rolls Out, We Need To Be Vigilant About Security
by @kahuja @Forbes Go to: https://
buff.ly/3N9ZVW5 #IoT #BigData #Cloud #MI #InternetofThings #Digital #DataScience #DL #Tech cc: @maxjcm @wil_bielert @johnlegere -
EU Addresses Real Risks Posed by AI and Algorithms
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‘Risks posed by #AI are real’: EU moves to beat the #Algorithms that ruin lives
by @kalyeena @guardian Read more: https://
buff.ly/3A4zJZH #ArtificialIntelligence #MI #Digital #DataScience cc: @ronald_vanloon @bigdata @ravikikan -
Testing and Equal Opportunity in AI Selection Processes
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i'd love to see data, but as imperfect as tests are, i bet they do more for equality of opportunity than most of the rest of the application process, and it's very possible to look at scores in context. this is the echochamber gone very wrong.