gensler
US Lawmakers Ask SEC to Launch Fraud Investigation Into Elon Musk
Federal regulators are being pushed to investigate whether Elon Musk deceived investors in his brain-chip startup Neuralink by omitting details about the gruesome deaths of at least a dozen animals who were surgically fitted with its implants. Four members of the US House of Representatives today alleged that Musk issued false statements in September regarding the deaths of 12 macaque monkeys, the subjects of experiments at a primate center in California between 2018 and 2020, according to a letter obtained by WIRED. The lawmakers have urged Gary Gensler, head of the Securities and Exchange Commission (SEC), to initiate a probe into whether Musk committed securities fraud by glossing over the lethal aspects of Neuralink's tests--a potential violation, they claim, of an SEC rule designed to shield investors from material omissions and misstatements linked with the purchase or sale of a security. Musk, in September, claimed in a post on X (formerly Twitter) that no animal test subjects died as "a result of a Neuralink implant," adding that the company strove early on to "minimize risk to healthy monkeys," choosing only those who were "close to death already." Musk knows this statement is false," the lawmakers told Gensler, a former Goldman Sachs investment banker turned Wall Street sheriff.
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What an AI-powered World Cup obscures
Today's Wales-USA World Cup match. Things with which this World Cup is laden so far: Geopolitical intrigue and controversy. FIFA is touting an AI-powered decision-making system that will use sensors in the actual soccer ball to help determine calls. A vast network of facial recognition-enabled cameras will track the crowd, with technology in the same family as that deployed by the controversial firm Clearview AI. AI-powered sensors in the stadiums will even help control the climate.
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- Europe > United Kingdom > Wales (0.25)
- Leisure & Entertainment > Sports > Soccer (0.92)
- Government > Regional Government > North America Government > United States Government (0.86)
SEC's Gary Gensler on how artificial intelligence is changing finance
Artificial intelligence is giving finance a boost -- through robo advising, its ability to improve fraud detection and claims processing, and more. Despite the upsides, there are risks and public policy challenges that must be considered, said Gary Gensler, chair of the Securities and Exchange Commission and a former professor at MIT Sloan. "I think that we're living in a truly transformational time," said Gensler, who spoke at the recent AI Policy Forum summit at MIT. Artificial intelligence is "every bit as transformational as the internet," especially when it comes to predictive data analytics, "but it comes with some risks." During the conversation, Gensler shared his thoughts on how artificial intelligence is changing finance. Having solid predictive models is crucial in AI, whether it's in social media or in driverless cars.
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SEC Eyes Rules for Financial Firms' Digital Engagement Practices: Reuters
The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement innovations used by financial firms should be governed by existing rules or may need new ones, commission chair Gary Gensler told Reuters. While the SEC's thinking on the subject is at an "early stage," its rules may need updating to account for an artificial intelligence-led revolution in predictive analytics, differential marketing and behavioral prompts designed to optimize customer engagement, he said. The SEC plans to launch a sweeping consultation in coming days that could have major ramifications for retail brokers, wealth managers and robo-advisers, which increasingly use such tools to drive customers to higher-revenue products. I really believe data analytics and AI can bring a lot of positives, but it means we should look back and think about what does this mean for user interface, user engagement, fairness and bias," said Gensler. "What does it mean about rules written ...
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- Banking & Finance > Loans (0.62)
- Banking & Finance > Trading (0.55)
The End Of Parking Lots As We Know Them: Designing For A Driverless Future
Future commercial developments will include dedicated drop-off and pick-up zones for autonomous ride vehicles rather than on-site parking, according to design firm Gensler. A world in which robotic ride and delivery services are commonplace is years away, but what to do if you've got big-ticket commercial real estate projects in the works now? Turns out that future is already being baked in, according to the largest U.S. architecture firm. The full impact of self-driving vehicle technology will unfold over years, but Andy Cohen, the Los Angeles-based co-CEO for design firm Gensler, is convinced it will bring the end of parking structures as we know them, require more expansive building drop-off and pickup zones and more elaborate entry lobbies. Over time it opens up opportunities to reclaim curb space dedicated to metered parking and redevelop land in prime urban spots currently taken up by gas stations.
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Accelerate Live! talk: Preparing for the AI revolution, Alan Robles, Gensler
Alan Robles is not an architect, yet he rose through the ranks to become a leader and trusted innovator within the world's largest architecture firm. No, we have a feeling it's because of his creative abilities, especially designing experiential environments for Gensler's clients. And for his gift of seeing into the future, and exploring how technologies will impact design and the built environment. In this 15-minute talk at BD C's Accelerate Live! conference (May 11, 2017, Chicago), Robles shares how the AEC Giant firm is preparing its project teams and clients for the coming artificial intelligence revolution. Over 24 years exploring the relationship between users and their surroundings, Alan Robles has been creating experience environments for clients and projects of every scale around the world.