\n
\"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftxs-latest-bankruptcy-report-details-poor-financial-management-and-cybersecurity","to_ping":"","pinged":"","post_modified":"2023-04-13 14:50:08","post_modified_gmt":"2023-04-13 04:50:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10884","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10869,"post_author":"12","post_date":"2023-04-11 23:19:17","post_date_gmt":"2023-04-11 13:19:17","post_content":"\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n The list goes on, but one thing is clear, if FTX weren't to blow up when it had, it was bound to happen sooner or later.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftxs-latest-bankruptcy-report-details-poor-financial-management-and-cybersecurity","to_ping":"","pinged":"","post_modified":"2023-04-13 14:50:08","post_modified_gmt":"2023-04-13 04:50:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10884","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10869,"post_author":"12","post_date":"2023-04-11 23:19:17","post_date_gmt":"2023-04-11 13:19:17","post_content":"\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n FTX also \u201cfailed to implement in an appropriate fashion even the most widely accepted controls relating to Identity and Access Management,\u201d this is referring to multi-factor authentication which prevents someone accessing your account even if they have your password.<\/p>\n\n\n\n The list goes on, but one thing is clear, if FTX weren't to blow up when it had, it was bound to happen sooner or later.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftxs-latest-bankruptcy-report-details-poor-financial-management-and-cybersecurity","to_ping":"","pinged":"","post_modified":"2023-04-13 14:50:08","post_modified_gmt":"2023-04-13 04:50:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10884","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10869,"post_author":"12","post_date":"2023-04-11 23:19:17","post_date_gmt":"2023-04-11 13:19:17","post_content":"\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n The phrase \"not your keys, not your coins\" is common place in the crypto industry, keys are the one barrier that prevent a bad player from stealing your assets, so it is understood that they should be protected with the upmost security. Well, the private keys and seed phrases were stored by FTX in plain text documents, no encryption, stored on AWS. These documents also weren't well organised and were left lying around different locations in their storage.<\/p>\n\n\n\n FTX also \u201cfailed to implement in an appropriate fashion even the most widely accepted controls relating to Identity and Access Management,\u201d this is referring to multi-factor authentication which prevents someone accessing your account even if they have your password.<\/p>\n\n\n\n The list goes on, but one thing is clear, if FTX weren't to blow up when it had, it was bound to happen sooner or later.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftxs-latest-bankruptcy-report-details-poor-financial-management-and-cybersecurity","to_ping":"","pinged":"","post_modified":"2023-04-13 14:50:08","post_modified_gmt":"2023-04-13 04:50:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10884","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10869,"post_author":"12","post_date":"2023-04-11 23:19:17","post_date_gmt":"2023-04-11 13:19:17","post_content":"\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> Sam Bankman-Fried Released on a $250M Bail; Former FTX Executives Plead Guilty<\/a><\/p>\n\n\n\n The phrase \"not your keys, not your coins\" is common place in the crypto industry, keys are the one barrier that prevent a bad player from stealing your assets, so it is understood that they should be protected with the upmost security. Well, the private keys and seed phrases were stored by FTX in plain text documents, no encryption, stored on AWS. These documents also weren't well organised and were left lying around different locations in their storage.<\/p>\n\n\n\n FTX also \u201cfailed to implement in an appropriate fashion even the most widely accepted controls relating to Identity and Access Management,\u201d this is referring to multi-factor authentication which prevents someone accessing your account even if they have your password.<\/p>\n\n\n\n The list goes on, but one thing is clear, if FTX weren't to blow up when it had, it was bound to happen sooner or later.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftxs-latest-bankruptcy-report-details-poor-financial-management-and-cybersecurity","to_ping":"","pinged":"","post_modified":"2023-04-13 14:50:08","post_modified_gmt":"2023-04-13 04:50:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10884","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10869,"post_author":"12","post_date":"2023-04-11 23:19:17","post_date_gmt":"2023-04-11 13:19:17","post_content":"\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n On top of this, \u201cthe FTX Group made little use of cold storage\u201d<\/em>. Instead they opted for hot storage for \"virtually all\"<\/em> assets, which has a direct link to the internet making these wallets hackable, compared to cold storage which remains offline. Using hot wallets is common place in exchanges, this allows liquidity to remain within the exchange, but often just enough is stored to keep assets liquid, the rest is put into cold storage - as it is far safer.<\/p>\n\n\n\n See Related:<\/em><\/strong> Sam Bankman-Fried Released on a $250M Bail; Former FTX Executives Plead Guilty<\/a><\/p>\n\n\n\n The phrase \"not your keys, not your coins\" is common place in the crypto industry, keys are the one barrier that prevent a bad player from stealing your assets, so it is understood that they should be protected with the upmost security. Well, the private keys and seed phrases were stored by FTX in plain text documents, no encryption, stored on AWS. These documents also weren't well organised and were left lying around different locations in their storage.<\/p>\n\n\n\n FTX also \u201cfailed to implement in an appropriate fashion even the most widely accepted controls relating to Identity and Access Management,\u201d this is referring to multi-factor authentication which prevents someone accessing your account even if they have your password.<\/p>\n\n\n\n The list goes on, but one thing is clear, if FTX weren't to blow up when it had, it was bound to happen sooner or later.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftxs-latest-bankruptcy-report-details-poor-financial-management-and-cybersecurity","to_ping":"","pinged":"","post_modified":"2023-04-13 14:50:08","post_modified_gmt":"2023-04-13 04:50:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10884","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10869,"post_author":"12","post_date":"2023-04-11 23:19:17","post_date_gmt":"2023-04-11 13:19:17","post_content":"\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n The report details that FTX didn't have a cybersecurity staff, or a Chief Information Security Officer either. These important jobs meant to protect the billions of dollars of customer assets were relied upon on two software developers - neither of which had formal training within this field.<\/p>\n\n\n\n On top of this, \u201cthe FTX Group made little use of cold storage\u201d<\/em>. Instead they opted for hot storage for \"virtually all\"<\/em> assets, which has a direct link to the internet making these wallets hackable, compared to cold storage which remains offline. Using hot wallets is common place in exchanges, this allows liquidity to remain within the exchange, but often just enough is stored to keep assets liquid, the rest is put into cold storage - as it is far safer.<\/p>\n\n\n\n See Related:<\/em><\/strong> Sam Bankman-Fried Released on a $250M Bail; Former FTX Executives Plead Guilty<\/a><\/p>\n\n\n\n The phrase \"not your keys, not your coins\" is common place in the crypto industry, keys are the one barrier that prevent a bad player from stealing your assets, so it is understood that they should be protected with the upmost security. Well, the private keys and seed phrases were stored by FTX in plain text documents, no encryption, stored on AWS. These documents also weren't well organised and were left lying around different locations in their storage.<\/p>\n\n\n\n FTX also \u201cfailed to implement in an appropriate fashion even the most widely accepted controls relating to Identity and Access Management,\u201d this is referring to multi-factor authentication which prevents someone accessing your account even if they have your password.<\/p>\n\n\n\n The list goes on, but one thing is clear, if FTX weren't to blow up when it had, it was bound to happen sooner or later.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftxs-latest-bankruptcy-report-details-poor-financial-management-and-cybersecurity","to_ping":"","pinged":"","post_modified":"2023-04-13 14:50:08","post_modified_gmt":"2023-04-13 04:50:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10884","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10869,"post_author":"12","post_date":"2023-04-11 23:19:17","post_date_gmt":"2023-04-11 13:19:17","post_content":"\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n A recent consumer alert from the Federal Trade Commission was issued<\/a>, which explained how scammers are enhancing their scams using generative AI, which can hold conversations and replicate voices over the phone. If a family member contacts you, you're urged to clarify that it is them by using stories or personal details.<\/p>\n\n\n\n Joe Biden had also met with various advisors around science and technology to discuss the risks and opportunities of AI, for individuals and the nation itself.<\/p>\n\n\n\n Italy had also blocked ChatGPT-4 due to GDPR (General Data Protection Regulation) breaches, alongside privacy rules and age-verification practises around the chatbot. Italy were the first Europeans to criticise products like ChatGPT, but it wasn't the last. Thierry Breton, a European Commissioner for the Internal Market, met with Reuters to discuss risks around these products; <\/p>\n\n\n\n \"As showcased by ChatGPT, AI solutions can offer great opportunities for businesses and citizens, but can also pose risks. This is why we need a solid regulatory framework to ensure trustworthy AI based on high-quality data,\"<\/em> adding \"There are days when I'm optimistic and moments when I'm pessimistic about how humanity will put AI to use,\"<\/em><\/p>\n\n\n\n The report details that FTX didn't have a cybersecurity staff, or a Chief Information Security Officer either. These important jobs meant to protect the billions of dollars of customer assets were relied upon on two software developers - neither of which had formal training within this field.<\/p>\n\n\n\n On top of this, \u201cthe FTX Group made little use of cold storage\u201d<\/em>. Instead they opted for hot storage for \"virtually all\"<\/em> assets, which has a direct link to the internet making these wallets hackable, compared to cold storage which remains offline. Using hot wallets is common place in exchanges, this allows liquidity to remain within the exchange, but often just enough is stored to keep assets liquid, the rest is put into cold storage - as it is far safer.<\/p>\n\n\n\n See Related:<\/em><\/strong> Sam Bankman-Fried Released on a $250M Bail; Former FTX Executives Plead Guilty<\/a><\/p>\n\n\n\n The phrase \"not your keys, not your coins\" is common place in the crypto industry, keys are the one barrier that prevent a bad player from stealing your assets, so it is understood that they should be protected with the upmost security. Well, the private keys and seed phrases were stored by FTX in plain text documents, no encryption, stored on AWS. These documents also weren't well organised and were left lying around different locations in their storage.<\/p>\n\n\n\n FTX also \u201cfailed to implement in an appropriate fashion even the most widely accepted controls relating to Identity and Access Management,\u201d this is referring to multi-factor authentication which prevents someone accessing your account even if they have your password.<\/p>\n\n\n\n The list goes on, but one thing is clear, if FTX weren't to blow up when it had, it was bound to happen sooner or later.<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison<\/a><\/p>\n","post_title":"FTXs Latest Bankruptcy Report Details Poor Financial Management And Cybersecurity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ftxs-latest-bankruptcy-report-details-poor-financial-management-and-cybersecurity","to_ping":"","pinged":"","post_modified":"2023-04-13 14:50:08","post_modified_gmt":"2023-04-13 04:50:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10884","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10869,"post_author":"12","post_date":"2023-04-11 23:19:17","post_date_gmt":"2023-04-11 13:19:17","post_content":"\n The launch of generative artificial intelligence tools such as ChatGPT has sparked a new wave of hype around AI. Although, regulators have been called to take action due to scrutiny around the privacy of these tools.<\/p>\n\n\n\n The sheer amount of generative AI tools which have followed in the steps of ChatGPT has aroused concern. In an open letter, tools more powerful than OpenAIs ChatGPT-4 were urged to be halted for at least 6 months by various science and technology innovators, including Elon Musk and Apple co-founder Steve Wozniak. The letter<\/a> currently has over 20,000 signatures.<\/p>\n\n\n\n The letter calls for AI to be \"developed only once we are confident that their effects will be positive and their risks will be manageable,\" <\/em>and that \"AI research and development should be refocused on making today's powerful, state-of-the-art systems more accurate, safe, interpretable, transparent, robust, aligned, trustworthy, and loyal.\"<\/em><\/p>\n\n\n\n See Related:<\/em><\/strong> OpenAI Launches ChatGPT Plus Subscription In India; Includes GPT-4<\/a><\/p>\n\n\n\n
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Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
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Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
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Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
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Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
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Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
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Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
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Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
ADVERTISEMENT
Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
ADVERTISEMENT
Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
ADVERTISEMENT
Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
ADVERTISEMENT
Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
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Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n
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Security, Encryption, Cold Storage, And Authentication<\/h2>\n\n\n\n
Countries Start Taking A Step Towards Generative AI Regulation<\/h2>\n\n\n\n