Sift's latest Digital Trust and Safety Index describes how artificial intelligence (AI) is fuelling a fraud surge that will challenge retailers and financial institutions.
Instead, we are going to tap again into a new development in Art and Neural Networks as a metaphor of where AI progress sits today, and what is feasible in the years to come. For our 2019 “initiation” on this topic with foundational concepts, see here. Today, let’s talk about OpenAI’s CLIP model, connecting natural language inputs with image search navigation, and the generative neural art models like VQ-GAN.
Compared to GPT-3, which is really good at generating language, CLIP is really good at associating language with images through adjacent categories, rather than by training on an entire image data set.
Instead of modifying decades-old transaction infrastructure, Spade provides better fraud protection by creating a new system. Customers like Sardine, Mercury, Unit and Ramp have improved their fraud models by more than 15% using Spade's real-time merchant intelligence for the card ecosystem.
In this episode, we connect with serial founder Ohad Samet, CEO of TrueAccord. Ohad has been working in fintech machine learning for a decade and a half, applying multi-dimensional mathematics to consumer finance. The result? A more empathetic approach to the traditionally gnarly problem of debt collection.
Fraud is rising with the increased reliance on alternative payment methods, and AI could stop it. FIs have difficulties in adopting the tech.
Within a decade, the form factor for computing will radically change from staring at screens with flat imagery, to participating in embedded virtual worlds with fully navigable, hyper-realistic environments. Those environments will be filled with software agents, some hybrid human and others entirely AI, that are entirely unrecognizable as anything but real to 90% of the population.
This week, we look at:
Deep Fakes behind South Park creators' new parody, Sassy Justice
The AI-created author of the fake Hunter Biden intelligence report
GPT-3 winning the love and attention of people on Hacker News
How should we react to these robots and their desire to mess with our minds
Unlike equities, the crypto markets were born from machines, and are constructed from code. Hold dear the tokens in which you believe, and stay away from the stories of easy money. Nothing is easy. To win Russian roulette is not good fortune. It is, instead, a grave mistake to play a lethal game. Have you nothing to lose?
And then Brexit. And then Taiwan and China. And then Covid, again. And then, who knows.
From now on and forever, your counterparty is the data center running an AI cluster on top of the Internet. The data center that has already profiled you and knows everything about you. Bring the tinfoil hat.
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