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Elizabeth Lopatto

Elizabeth Lopatto

Senior Reporter

Senior Reporter

    More From Elizabeth Lopatto

    Elizabeth Lopatto
    Elizabeth Lopatto
    A significant portion of the allegation so far is about project “Tai Chi.”

    The SEC alleges this was a deliberate strategy to evade regulatory enforcement, and has been reported on. Anyway, a consultant who operated a US crypto trading firm (👀) made some suggestions:

    the Binance Consultant recommended steps to “insulate Binance from US Enforcement.” Those steps included having “[k]ey Binance personnel continue to operate from non-US locations to avoid enforcement risk” and ensuring that “[c]ryptocurrency wallets and key servers continue to be hosted at non-US locations to avoid asset forfeiture.”

    Elizabeth Lopatto
    Elizabeth Lopatto
    “We are operating as a fking unlicensed securities exchange in the USA bro.”

    The SEC complaint against Binance is coming in hot, ladies, gentlemen and dirtbags! That’s the chief compliance officer, in 2018.

    Here’s a free writing tip: say “fucking” or do not say “fucking” but don’t do “fking” or “f*cking.” Have the courage of your fucking convictions!

    Elizabeth Lopatto
    Elizabeth Lopatto
    Who wants to be a guinea pig for Neuralink?

    Turns out, a lot of people! Kind of seems like they’re unclear on which of Elon Musk’s claims are backed by science, though:

    “Also not sure if it will be possible right off the bat, but I am also a Tesla owner, and it would be pretty rad if I could communicate with my car using just my mind.”

    Elizabeth Lopatto
    Elizabeth Lopatto
    JPMorgan, Deutsche Bank, and others are pushing into AI.

    There’s a bunch of examples here but frankly, the nut of the piece is pretty far down:

    Bankers have a fiduciary duty not to trade on unreliable information. That’s an issue as use of AI expands.

    If you can’t explain where your information came from, is it reliable? Oh well, the hedge funds are at it, too.

    “Isn’t this sort of exciting?” writes Matt Levine. “The widespread use of relatively early-stage AI will introduce new ways of making mistakes into finance.”

    AI boosters need to learn how to editAI boosters need to learn how to edit
    Elizabeth Lopatto
    Elizabeth Lopatto
    Elizabeth Lopatto
    Google has already driven ad prices into the basement. Now, with AI, will it destroy online media completely?

    “This is a facet of the larger AI story — which is to say it’s about automation,” writes John Herrman “But it’s also a story of a large platform deciding to compete more aggressively in the marketplace it controls.”

    It’s unclear whether this is what users want. But there is a dark new future forming, one that might suggest fun new antitrust laws!

    Elizabeth Lopatto
    Elizabeth Lopatto
    Meet the kids following the Pied Piper!

    “One appeal of generative A.I. is that it offers something for every would-be entrepreneur.” Yes, it is nice to see the hype machine in full effect, isn’t it? Here’s a sentence we should revisit in a year: “And unlike crypto, especially now, A.I. is a more credible field to be in for mainstream techies.” Anyway, every single one of these children would have gone to work on Wall Street before the year of our lord 2008.

    Elizabeth Lopatto
    Elizabeth Lopatto
    Hey, remember that eating disorder helpline that fired its unionizing staff and replaced them with a chatbot?

    You are never gonna guess what happened.

    That’s right, the chatbot started giving people with eating disorders advice on losing weight! (See also: Vice, Daily Dot)