The current episode of insecurity and panic about banks was triggered by the collapse of SVB Bank which was incompetent enough not to hedge its Treasury portfolio and was forced to sell these Treasuries at a loss once many deposit holders demanded access to their money.
What an excellent tool! I just wonder how long it will take those trying the deception to use AI to write the reports in such a way as to disguise their lies. It is about time that those company boards, accountants and auditors faced some sanction for what they do. Every time these things happen it seems they get off scot free, so there is no deterrent.
On a slightly related note I took a small punt on UBS yesterday as they have just received a massive windfall gain which must be reflected in some gains once the sector calms down. Hoping I haven't caught a falling knife.......
Well, there is already an AI arms race on. As more and more people use AI to write texts, there are now AI tools available that detect if a text has been written by AI. Go figure...
What an excellent tool! I just wonder how long it will take those trying the deception to use AI to write the reports in such a way as to disguise their lies. It is about time that those company boards, accountants and auditors faced some sanction for what they do. Every time these things happen it seems they get off scot free, so there is no deterrent.
On a slightly related note I took a small punt on UBS yesterday as they have just received a massive windfall gain which must be reflected in some gains once the sector calms down. Hoping I haven't caught a falling knife.......
Well, there is already an AI arms race on. As more and more people use AI to write texts, there are now AI tools available that detect if a text has been written by AI. Go figure...
Jason Voss related to Christopher Voss (https://en.wikipedia.org/wiki/Christopher_Voss) - is uncovering deception the family interest?