Ai Risks news and trends

Microsoft Reveals AI Security Flaw That Threatens eCommerce and Financial Services
artificial intelligence // June 28, 2024

A newly discovered security vulnerability in artificial intelligence (AI) systems could pose significant risks to eCommerce platforms, financial services and customer support operations across industries. Microsoft has unveiled details of a technique called “Skeleton Key,” which can bypass ethical safeguards built into AI models businesses...

Businesses Confront AI Hallucination and Reliability Issues for LLMs 
artificial intelligence // June 18, 2024

In the new world of artificial intelligence (AI)-powered automation, businesses face a vexing problem: AI systems that confidently generate plausible but inaccurate information, a phenomenon known as “hallucinations.” As companies increasingly rely on AI to drive decision-making, the risks posed by these fabricated outputs are...

Meta’s AI Training Plans Targeted by EU Privacy Group
artificial intelligence // June 06, 2024

Meta’s plans for training its AI have run afoul of a European privacy group. Vienna-based NOYB — the European Center for Digital Rights —  said Thursday (June 6) it had filed complaints with 11 European countries, arguing that Meta’s use of user data in its AI proposed AI practices violate...

Treasury Secretary Janet Yellen to Detail Risks Associated With AI
artificial intelligence // June 05, 2024

Treasury Secretary Janet Yellen will caution financial institutions on Thursday (June 6) about risks associated with the use of artificial intelligence (AI). While AI is already used in the financial services sector for forecasting, fraud prevention, customer support and other use cases, the technology’s rapid...

Quick Reads
Tech Firms Caution Investors About AI-Related Risks

July 03, 2024
A growing number of tech firms are reportedly cautioning investors about risks related to their efforts in artificial intelligence (AI). At least a dozen major tech companies have “quietly” issued AI-related warnings this year by adding or updating them in the “risk factors” section of reports filed with the Securities and Exchange Commission (SEC), Bloomberg […]

Meta’s AI Training Plans Targeted by EU Privacy Group

June 06, 2024
Meta’s plans for training its AI have run afoul of a European privacy group. Vienna-based NOYB — the European Center for Digital Rights —  said Thursday (June 6) it had filed complaints with 11 European...

Treasury Secretary Janet Yellen to Detail Risks Associated With AI

June 05, 2024
Treasury Secretary Janet Yellen will caution financial institutions on Thursday (June 6) about risks associated with the use of artificial intelligence (AI). While AI is already used in the financial...

OpenAI, Google DeepMind Employees Look to Voice Concerns About AI

June 04, 2024
A group of current and former employees from OpenAI and Google DeepMind have reportedly signed a public letter calling for protection from retaliation when sharing concerns about the “serious risks”...