The view from my desk window. Nature’s beauty brings comfort and joy.
Two AI Moments
Artifical intelligence brings hope with worry. Credit unions and consumers are using this capability very quickly.
On March 26, NCUA’s acting director of examination and supervision testified before Congress on the agency’s reviews of credit union technology. Here is an excerpt on AI by NCUA staff:
Beyond supervising how credit unions adopt technology, NCUA is also exploring how technology can enhance our own operations. NCUA is currently using artificial intelligence for content generation, to flag anomalies in Call Report data submissions, forecast loan performance to support risk analysis, identify credit unions with elevated risk, and enhance cybersecurity operations.
The foundational AI concern is from a post by writer and financial analyst Andy Tobias: We need — urgently — to figure out (a) how to protect humanity from a superior species; (b) how to avoid economic catastrophe and, instead, harness A.I. for the benefit of all. (link)
He cites one expert’s observation: The experience that tech workers have had over the past year, of watching AI go from “helpful tool” to “does my job better than I do,” is the experience everyone else is about to have. Law, finance, medicine, accounting, consulting, writing, design, analysis, customer service. Not in ten years. The people building these systems say one to five years. Some say less. And given what I’ve seen in just the last couple of months, I think “less” is more likely.
Here is the full article, Something Big is Happening.
Andy recommends this new documentary that interviews five CEO’s of the largest investors in AI as well as academic experts. In sum, the dangers are real as AI become pervasive in all activities.
On Apple TV: The AI Doc: Or How I Became an Apocaloptimist.
Now back to the yard:
