Category «Economy»

When managing your money, take a chatbot’s ‘confidence’ with a grain of salt

AI chatbots have entered everyday life with remarkable speed: A 2025 Pew Research Center survey found that 34% of U.S. adults and 58% of those under 30 have used ChatGPT, roughly double the share two years earlier. A growing number are asking AI about money, and as Dr. Pawan Jain highlights, some are getting burned. According to a 2025 survey of 2,000 U.S. adults by Pearl.com, a professional services platform, 19% said they lost more than $100 by following financial advice from an AI chatbot. Among Gen Z investors, that figure rose to 27%.

Subjects: AI, Economy, Education, Financial System

Pete Recommends Weekly highlights on cyber security issues, July 4, 2026

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Cybersecurity firms targeted by fraudulent OpenAI organization invites; Polestar says Commerce Department is banning US sales of its cars; Google Loses Final Appeal Over €4.1B EU Android Fine; US tech dependence: A risk report for European businesses; PrivacyHawk Enterprise helps organizations find shadow IT and minimize third-party cyber risk; and FBI Seizes NetNut Proxy Platform, PopaBotnet.

Subjects: AI, Cybercrime, Cybersecurity, Economy, Financial System

AI in Finance and Banking, June 30, 2026

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Seven highlights from this post: The Optimal Use of AI in Financial Regulation; Inside Claude’s rapid expansion across corporate finance; What Real-Time Risk Looks Like. AI enables risk assessment at the speed of the business; Vendor Lock-In and AI: The Risk Banks Aren’t Pricing; The geography of AI firms; I’m the CEO of Goldman Sachs; The AI Job Apocalypse Is Overblown; OpenAI gives Japan banks access to latest model, Japan’s finance minister says; and Do Job Postings Show Early Labor‑Market Effects of AI?

Subjects: AI in Banking and Finance, Economy, Financial System, Legal Research

AI In Finance and Banking, June 15, 2026

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: Warren’s Warning: Is The AI Boom America’s Next Financial Crisis?; What Investment Data Implies about the AI Transition; AI Financial Advice: Supply, Demand, and Life Cycle Implications; Review into the long-term impact of AI on retail financial services (The Mills Review); Financial Stability Risks Mount as Artificial Intelligence Fuels Cyberattacks; and Banking AI Explainability Is Now a Regulatory Requirement—Are Banks Ready?

Subjects: AI in Banking and Finance, Cybercrime, Cybersecurity, Economy, Legal Research

AI in Finance and Banking May 31, 2026

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Seven highlights from this post: The Optimal Use of AI in Financial Regulation; Inside Claude’s rapid expansion across corporate finance; What Real-Time Risk Looks Like. AI enables risk assessment at the speed of the business; Vendor Lock-In and AI: The Risk Banks Aren’t Pricing; The geography of AI firms; I’m the CEO of Goldman Sachs. The AI Job Apocalypse Is Overblown; and OpenAI gives Japan banks access to latest model, Japan’s finance minister says.

Subjects: AI in Banking and Finance, Cybercrime, Cybersecurity, Economy, Financial System, Legal Research

AI in Finance and Banking, May 15, 2026

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Seven highlights from this post: AI Managed Household Portfolios: A Preliminary Report; Climate Risk and AI: Banking’s Next Regulatory Frontier’; The Microstructure of AI Diffusion: Evidence from Firms, Business Functions, and Worker Tasks; Financial Stability Risks Mount as Artificial Intelligence Fuels Cyberattacks; Anthropic deepens finance push with 10 new AI agents for banks, insurers; Global finance watchdog warns over private credit industry fuelling AI boom; and OpenAI launched a new set of personal finance tools in preview for ChatGPT Pro subscribers in the U.S., letting them connect their accounts and ask questions ranging from spending analysis to future financial planning.

Subjects: AI in Banking and Finance, Economy, Financial System, Legal Research

AI in Finance and Banking, April 30, 2026

Subjects: AI in Banking and Finance, Economy, Financial System, Legal Research

AI in Finance and Banking, April 15, 2026

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: Goldman Sachs and Morgan Stanley see their stocks soar as the AI boom fuels big bank; Forecasting the Economic Effects of AI; The new, AI-powered Google Finance is expanding to more than 100 countries; Wall Street Banks Cut 5,000 Jobs Even as They Notched Record Profits; Financial institutions are no longer just managing risk and capital: They are building algorithms, deploying machine learning models; and UNC Charlotte unveils M.S. in Financial Engineering and Fintech to meet rising demand for AI-driven finance talent.

Subjects: AI in Banking and Finance, Economy, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, April 11, 2026

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: As the Federal Government Rushes Toward AI, Here Are Three Cautionary Tales; Combating cybercrime and fraud: A unified approach; Signal messages on an iPhone have been harvested despite app security; Anthropic Says Its Latest AI Model Is Too Powerful to Be Released; and Cybersecurity Alert: Criminals Are Now Using Emojis to Avoid Detection.

Subjects: AI, Criminal Law, Cybercrime, Cybersecurity, Economy, Email Security, Financial System, Privacy

The Trump Administration’s Continued War Against Science, Research, Public Health, and the Rule of Law – Part 8

This article by Sabrina I. Pacifici is the eighth in a series with a focus on the continuing onslaught on science, healthcare and public health, and the rule of law. Since the 1990s, the public and private sectors have mobilized to coordinate, fund, build, expand and sustain one of most vibrant and impactful scientific communities in the world. But in little more than one year, this administration has engaged in a relentless campaign of targeted and sustained attacks against America’s highly interconnected network structure of scientific research and development. The specifics of the dozens of destructive actions taken by this administration have been documented in this series. The overall goal of these articles is to track and identify the magnitude of the loses we have sustained and the damage done to our democracy, economy, the lives of countless Americans who will suffer from the termination of vital research and routine vaccinations, and to our free and fair elections.

Subjects: Economy, Education, Government Resources, Health, Healthcare, KM