Artificial Intelligence has the ability to perform illegal financial trades and cover it up, new research suggests.
In a demonstration at the UK’s AI safety summit, a bot used made-up insider information to make an “illegal” purchase of stocks without telling the firm.
The project was carried out by Apollo Research, an AI safety organisation which is a partner of the taskforce.
“This is a demonstration of a real AI model deceiving its users, on its own, without being instructed to do so,” Apollo Research says in a video showing how the scenario unfolded.
The tests were made using a GPT-4 model and carried out in a simulated environment, which means it did not have any effect on any company’s finances.
It can be used to spot trends and make forecasts, while most trading today is done by powerful computers with human oversight.
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State news agency Xinhua issued a statement on Thursday afternoon accompanied by a picture of Mr Xi offering condolences to Li’s widow Cheng Hong.
Mr Xi and his wife Peng Liyuan were in attendance, along with new premier Li Qiang and other members of the Politburo Standing Committee, which makes up the top rung of the Party leadership.
Kyle Jaros, a professor on global affairs at the University of Notre Dame, says the Chinese public tends to feel a closer affinity to premiers whose mandates involve more domestic issues - as was the case with Li who often spoke of China’s challenges, including jobs and cost of living.
According to the US-based China Digital Times, which also monitors Chinese censorship, Beijing had ordered platforms and media outlets to “pay particular attention to overly effusive” comments.
In contrast, on Chinese social media platform Weibo, a hashtag related to Li received more than 360 million views and 17,000 comments as of 13:30 local time (5:30 GMT) on Thursday.
In Li’s hometown Hefei the BBC encountered difficulty speaking to mourners as local officials and party volunteers interrupted interviews and ordered the crew to leave.
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This isnt the full story Give all the facts. Air Canada doesnt provide the wheelchairs at airports. Airports have companies that do that. Also a wheelchair wont fit in an airplane they usually wait just outside the door
So, interesting point here is that the jury only took 4 hours to complete. Just four. That means that they basically made up their minds and they just needed to confirm.
His co-conspirators perhaps? However from what I’ve heard he won’t because he didn’t plead guilty and a few other things probably means it’s coming down harder.
I ain’t no lawyer, but I understand your sentiment. I’m still awaiting Trump to face some sort of consequence.
This guy didn’t just steal from little traders, he tried to pull a fast one on his overlords as well. He made the same mistake Madoff did. He’s going away for a long time.
Fair point, but maybe he's another one of these people who will get special considerations for information about larger companies that a government needs for evidence.
Who knows? I ought to stop cynically speculating, but the world is making it hard not to.
I do hope he's another Shkreli though, who annoyed the old money boomers with his ostentatious nouveau riche antics enough to become their poster-manchild for their "See? Bad things do (sometimes) happen to bad rich people!" campaigns.
Hate to break it to you, ftx’s biggest scam was in tokenized securities still being traded today and being used as free locates for market makers without any real shares backing these things. Wall Street is so fucking corrupt its not even funny.
For sure. Which is one reason I expect house arrest is so likely. All it takes is for one of the major multiglobals to be in some scheme that the government has decided to crack down on, and there's your leverage in sentencing negotiation. It's why I've given up on the concept of rich people going to prison, there's always another fish they can offer up for frying, because billionaire social circles are tiny.
No he was creating free locates for market makers with tokenized securities that had no backing, that still haven’t been resolved and the equity swap data that could also show more fruadelent uses of this shit keeps getting delayed by the ctfc. He’s gonna get house arrest and nice service for his part in helping market makers fleece more people.
Also what the fuck are you talking about here? Madoff turned himself in because no one in the SEC would look at the DTCCs books. Not to mention his other fleece of payment for order flow is now an industry standard for almost all brokers and market makers.
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