Values must be ethical although not necessarily legal

Share to Twitter Share to Linkedin Release the Kraken! You are undoubtedly familiar with that famous catchphrase as especially uttered by actor Liam Neeson in The Clash of the Titans when he commands that the legendary sea monster be released, aiming to wreak immense havoc and outsized destruction. The line has been endlessly repeated and spawned all manner of memes. Despite the various parodies, most people still at least viscerally sense that the remark foretells something of a shadowy and dangerous emergence is about to be unleashed. Perhaps the same sentiment can be applied these days to Artificial Intelligence (AI). Allow me to elaborate. A recent announcement indicated that a now resoundingly famous AI app called ChatGPT made by the organization OpenAI is soon going to be made available for access by other programs. This is big news. I say this even though little of the regular media has picked up on the pronouncement. Other than fleeting … [Read more...] about Generative AI ChatGPT Is Going To Be Everywhere Once The API Portal Gets Soon Opened, Stupefying AI Ethics And AI Law

Share to Twitter Share to Linkedin Being able to catch lightning in a bottle is quite an extraordinary feat. Whether you can keep that shining flash of lightning and avert letting it chronically dissipate is a whole other question of immense importance and grand consideration. In today’s column, I am going to examine how the out-of-nowhere brand known as ChatGPT has become an overnight success. It is like a bolt of lightning captured in a bottle. To clarify, ChatGPT is the name of an AI app that is made by a company called OpenAI. You have undoubtedly heard about ChatGPT since it has garnered outsized banner headlines and seems to be on the lips of nearly anyone thinking about our future and AI. Though most AI insiders consider ChatGPT to be just another AI app, albeit an interesting and possibly even outstanding example of a type of AI known as Generative AI , they tend to be amazed and simultaneously exasperated at how this particular app has … [Read more...] about Can The Generative AI ChatGPT Brand Keep Going Strong Or Will It Fizzle Out, Asks AI Ethics And AI Law

Share to Twitter Share to Linkedin You are in for a secret. Yes, there’s something surreptitiously going on behind the scenes about the latest in AI that you might want to know about. In today’s column, I’ll be examining the recent impetus to compile alleged errors and other maladies associated with the outputted essays from an AI app known as ChatGPT. This particular app is utilizing a type of AI called Generative AI . You’ve probably heard or seen eye-catching headlines about generative-based AI and ChatGPT. The news is agog over this specific AI app and the seemingly astonishing capabilities pertaining to this type of AI. As I’ll be covering in a moment, some believe strongly that we need to establish a list of what kinds of mistakes or errors the AI app can produce when it generates an essay for you. Others suggest that though the notion of such a list is admirable, it is an exercise in futility and will bear very little fruit. We will be … [Read more...] about Does Exposing And Logging Those Generative AI ChatGPT Erroneous And Hallucinatory Outputs Do Any Good, Asks AI Ethics And AI Law

Share to Twitter Share to Linkedin Most startups are built through trial and error. Founders build, test, then pivot. This process is essential to build breakthrough products. But it’s not the best way to approach legally. When it comes to legal matters, trial and error can get extremely expensive. Below are the top five most common legal mistakes for startups and some tips on how to avoid them. Splitting the Equity Up Front A lot of founding teams avoid the hard conversation about individual contributions and commitments by splitting the equity evenly up front without a vesting schedule. This can lead to a number of problems and is how you get “Zombie Founders”—holders of significant equity in your startup that don’t contribute anything of value. To avoid this, have that hard conversation with your co-founders up front and make sure everyone is on the same page. Work out the levels of contribution and commitment each founder can provide, and make … [Read more...] about Top 5 Legal Mistakes For Startups—and How To Avoid Them

Share to Twitter Share to Linkedin As the legal industry continues to evolve at a rapid pace, it's becoming increasingly clear that generative AI will play a transformative role in how legal services are delivered. From streamlining the contract review process to automating document discovery, generative AI is already being used to improve efficiency and reduce costs in the legal profession. However, this is just the tip of the iceberg when it comes to the potential impact of this technology. As AI continues to advance, it has the potential to revolutionize the way lawyers work and fundamentally change the legal landscape. Those are not my words; they are ChatGPT ’s response to the prompt: Write the opening paragraph for an article about how transformative generative AI will be for the legal industry in the style of Mark A. Cohen, Forbes Contributor . ChatGPT’s answer was rendered in seconds, but it’s impact will linger for a long time. No doubt, … [Read more...] about How Transformative Will Generative AI And Other Tools Be For The Legal Industry?

There can be a moderation in inflation target numbers globally but it would be 'too soon' to shift the target, said Shaktikanta Das. Reserve Bank governor Shaktikanta Das on Friday reiterated his call for an outright ban on cryptocurrencies, saying these are “nothing but gambling” and their perceived “value is nothing but make-believe." To further its opposition to such currencies and also to take a lead over other central banks, the RBI recently launched its own digital currency (central bank digital currency), in the form of e–rupee on a pilot mode, first for the wholesale in late last October and a month later for retail customers. Speaking at a Business Today event this evening here, Das reiterated the need for an outright ban on cryptos saying though those supporting it call it an asset or a financial product, there is no underlying value in it not even a tulip (alluding to the Dutch tulip mania blow-up in the early part of the past century). “Every asset, every financial … [Read more...] about Cryptos are nothing but gambling, their value only make-believe: RBI governor

Share to Twitter Share to Linkedin Anyone who watches television in the U.S. must notice how saturated the airwaves are with prescription drug spots. In the late 1990s, when I returned from living in Europe for more than 15 years, I was quite surprised by all the commercials for prescription drugs.* And that was when there was comparatively little direct-to-consumer (DTC) advertising of pharmaceuticals. From 1997 to 2016, DTC advertising increased nearly five-fold, with television accounting for roughly two-thirds of total expenditures. Almost all advertising is for brand-name drugs. And, practically every commercial ends by encouraging those watching to “ask your doctor” about the product being advertised. DTC advertising of prescription drugs is ubiquitous in the U.S. Not just on television. It’s online, on the radio, on billboards, and in magazines and newspapers, promoting treatments for pain, arthritis, cancer, heartburn, flu, deteriorating memory, … [Read more...] about DTC Advertising Of Prescription Drugs In The U.S. Often Promotes Products With Comparatively Low Therapeutic Value

Share to Twitter Share to Linkedin Heads the COE team at Torry Harris (THIS). Assisting telcos, banks and large enterprises define integration strategies. This is the second blog in a series looking at how digital transformation makes it possible for all companies to benefit from platform business models and network effects. We started by looking at marketplace opportunities and why network effects are important. This blog looks at what makes marketplaces successful—and why many fail. Next time, we’ll explain how to use a pilot to create a 5G-enabled marketplace. Launching A Marketplace The powerful combination of 5G, cloud technology and open application programming interfaces, or APIs, is enabling companies with traditional business models to transform into platform providers and marketplace operators. The biggest benefits of this kind of modernization are the ability to tap new revenue, strengthen relationships with existing customers and … [Read more...] about Successful Marketplaces Begin With Understanding Value

Share to Twitter Share to Linkedin A Missouri state lawmaker this week introduced a bill to legalize the therapeutic use of psilocybin, the primary psychoactive compound in magic mushrooms, for people with serious mental health conditions. The legislation, HB 869, was filed on Wednesday by Republican state Rep. Tony Lovasco, according to a report from Marijuana Moment. Under the bill, which is a revised version of a bill Lovasco introduced last year, patients would be able to use psilocybin to treat severe depression, post-traumatic stress disorder or the mental health effects of a diagnosis for a terminal illness. Psilocybin-assisted therapy would also be available to patients with other conditions for which traditional therapies have not been effective, with the approval of regulators. The legislation is “a first step to addressing pervasive mental health crises that affect every sector of our society and economy by creating access to clinically … [Read more...] about Missouri State Lawmaker Files Psilocybin Therapy Legalization Bill

Share to Twitter Share to Linkedin Alex Bouaziz, cofounder and CEO of Deel, is armed with metrics that would be enviable to nearly every software startup CEO. Deel, which sells HR software for hiring international employees, started 2021 with $4 million in annual recurring revenue. That number has surged to $295 million as of January 1, he tells Forbes . Plus, the company is operating at better than 85% gross margins, and has been profitable, based on Ebitda measurements, since September. Deel is now formally announcing its latest funding at a $12 billion valuation, though it raised the money in the second quarter of 2022. The modest round, which consisted of $30 million in new primary shares and about $20 million in secondary transactions from employees who held stock, was first reported by Axios back in May. Bouaziz said the raise was done primarily for strategic incentives—chiefly to bring Emerson Collective, the investment and philanthropic … [Read more...] about HR Company Deel, Now Valued At $12 Billion, Nears $300 Million Of Revenue