Posts by lucidcapitalism

(Bloomberg) ESG fund managers who turned to big tech as a low-carbon, high-return bet are growing increasingly anxious over the sector’s experimentation with artificial intelligence. Exposure to AI now represents a “short-term risk to investors,” said Marcel Stotzel, a London-based portfolio manager at Fidelity International. Stotzel said he’s “worried we’ll get an AI blowback,” which he…

(Reuters) U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency’s long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure requirements that it had proposed. At issue are so-called Scope 3 emissions that account for greenhouse gases released in the…

(Verge) Meta has reportedly broken up its Responsible AI (RAI) team as it puts more of its resources into generative artificial intelligence. The Information broke the news today, citing an internal post it had seen. According to the report, most RAI members will move to the company’s generative AI product team, while others will work on Meta’s AI…

(CNBC) Lauren Wagner knows a lot about disinformation. Heading into the 2020 U.S. presidential election, she worked at Facebook, focusing on information integrity and overseeing products designed to make sure content was moderated and fact-checked. She can’t believe what’s she’s seeing now. Since war erupted last month between Israel and Hamas, the constant deluge of misinformation…

(Reuters) UnitedHealth Group Inc (UNH.N) uses an artificial intelligence algorithm that systematically denies elderly patients’ claims for extended care such as nursing facility stays, according to a proposed class action lawsuit filed on Tuesday. Family members of two now-deceased UnitedHealth beneficiaries sued the insurer in federal court in Minnesota, saying they were forced to pay out of pocket for…

(Fortune) At some point in our lives, many of us will need professional help to take care of ourselves or someone we love. Helen Adeosun wants to make sure that when that day comes, there will be a competent, compassionate caregiver ready to knock on your door. Helen is the founder of CareAcademy, a rapidly growing online training…

(WSJ) Meta on Wednesday announced that it will require advertisers to disclose when they run political ads with media that has been digitally altered by artificial intelligence or other software ahead of the U.S. presidential election in 2024. The Facebook parent company said the new policy will go into effect at the start of the…

(Wired) When politicians, tech executives, and researchers gathered in the UK last week to discuss the risks of artificial intelligence, one prominent worry was that algorithms might someday turn against their human masters. More quietly, the group made progress on controlling the use of AI for military ends. On November 1, at the US embassy in…

(New York Times) Uber and Lyft have agreed to pay New York drivers a $328 million settlement after the state attorney general investigated a wage-theft complaint charging that the companies collected certain taxes and fees from drivers rather than passengers. Uber will pay $290 million and Lyft will provide $38 million into two funds that…

(The Atlantic) Earlier today, President Joe Biden signed the most sweeping set of regulatory principles on artificial intelligence in America to date: a lengthy executive order that directs all types of government agencies to make sure America is leading the way in developing the technology while also addressing the many dangers that it poses. The…