“In the midst of chaos, there is also opportunity” – Sun Tzu, The Art of War – 5th Century BCE Today marks a significant milestone in the AI as DeepSeek, a Chinese AI startup, announced the release of its revolutionary R1 Open-Source large language model (LLM) rivalling OpenAI’s ChatGPT. This DeepSeek RI model has been designed to excel in complex reasoning tasks, rivaling the performance of OpenAI’s latest models while reportedly being developed at a fraction of the training & implementation cost. It is being widely reported that this R1 LLM was trained with Reinforcement Learning (RL) for a
Category: US Regulators
AI, Algorithms, Artificial Intelligence, Big Tech, LLM, Machine Learning, Software Development, Tech Leadership, Tech Trends, US Federal Government Oversight, US National Security, US Politics, US Regulators
Beware of Human-injected left-leaning bias emanating from AI Large Language Models (LLM) Outputs – RLHF technique could be the misused
In the realm of Machine Learning, Reinforcement Learning with Human Feedback (RLHF) stands out as an innovative technique where human trainers play a crucial role in guiding the learning process of models. Unlike traditional reinforcement learning, which relies solely on pre-defined rewards, RLHF incorporates human judgment to shape the training environment. This method can have significant implications, especially when it comes to ensuring that models consistently favor certain outcomes over others. In this blog, we’ll delve into how trainers can influence models using RLHF, highlighting both the potential benefits and pitfalls. Human trainers can introduce biases, whether consciously or
Personal Privacy – A Mirage in today’s Tech World? Renewed call to the incoming administration to protect us!
Are we giving up our privacy for convenience without thinking about the consequences? It seems that we all desire data privacy, but our actions often seem to indicate otherwise! We have always been calling for users to be careful of what they post online. My kids are familiar with my saying to them all the time “think before posting / texting / tweeting anything online… because once you do, it will stay there forever!”. It is our view that people do not fully appreciate how pervasive our online digital footprint is and the amount of information (related every aspect
Bitcoin, Cryptocurrency, Financial Markets, Securities and Exchange Commission, US Regulators, US Stock Market
Washington DC Federal Court of Appeals ruling: Does this open the door for Spot Bitcoin Exchange-Traded Fund (ETF) availability soon?
(Posted September 2023) A three-judge panel of the District of Columbia Court of Appeals in Washington, DC ruled recently that U.S Securities and Exchange Commission (SEC) was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund (ETF) which would track its underlying market price, giving investors exposure to the digital asset, without having to buy the currency. The SEC has denied all proposed bitcoin ETFs, including Grayscale’s, on the grounds that they do not meet its bar for preventing market manipulation. Grayscale Investments sued the SEC for rejecting their application, in response to
Fed Speak: Pause vs. Pivot
(This post was posted in Nov 2022) The Federal Reserve’s November 2022 statement contained dovish language, but Fed Chair Powell warned investors not to expect the Fed to stray from its full focus on fighting inflation. Upside inflation led the U.S. Federal Reserve to hike its policy rate by 75 basis points (bps) for a historic fourth time. This brought the fed funds rate up to a 3.75%–4% range, meaningfully above the Fed’s 2.5% median long-run estimate, as inflation continues to justify monetary policy with the objective to tame inflation. In spite of continued inflation, the Fed also indicated
Well Played Mr. President!
Posted May 29, 2020 President Trump’s today issued an Executive Order to address the issue of “Online Censorship” by Social Media “Big Tech” companies. In our opinion, this is a great first step in enforcing “fairness” in Social Media content moderation. Section 230 of Communication Decency Act, also known as “Internet Law” provides a framework for Internet operation granting broad immunity to platforms (such as Twitter) that curate and moderate content from lawsuits. This protection is predicated on tech platforms operating in “good faith” failing which these entities lose their “legal immunity” making them open to litigation. However, in
Anti-Trust, Big Tech, Big Tech Breakup, Corporate Governance, Financial Markets, Tech Leadership, US Regulators
Big Tech Breakup – Considerations and Reality – Our Thoughts
Netflix is an amazing digital success story – starting out almost 15 years ago as a predominantly DVD subscription service, Netflix was able to pivot along the way and take advantage of rapidly evolving mobile technology and ever-improving internet speeds to become one of the largest video distribution networks on the planet. The success of Netflix is an excellent example of “creative destruction,” a term originated in the 1940s by economist Joseph Schumpeter, who described it as the “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new