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After Hurricanes Helen and Milton struck just days apart, the Small Business Administration received nearly 50,000 applications for disaster relief. The SBA is currently underfunded in its Disaster Assistance Loan Program and will need to suspend it.While the agency’s loans are intended to provide assistance to small businesses, renters, and homeowners, the SBA is currently encouraging citizens to turn to other agencies like FEMA for relief if they can. is calling out to RELATED | News from Mayorkas to Scripps: Some hurricane survivors reluctant to accept FEMA aid due to misinformationRob Schroeder, MarketWatch’s Washington bureau chief, said the SBA received…
Singapore releases guidelines on protecting AI systems and banning deepfakes in elections
Alex Sul/Getty ImagesSingapore made a number of cybersecurity announcements this week, including guidelines for the safety of artificial intelligence (AI) systems, safety labels for medical devices, and new laws banning deepfakes in election advertising content.New guidelines and companion guide for securing AI systems aim to promote a secure by-design approach to help organizations reduce potential risks in the development and deployment of AI systems. And can AI and automation adequately manage the growing threats to the cybersecurity environment?Singapore’s Cyber Security Authority (CSA) said that “AI systems can be vulnerable to adversarial attacks in which malicious actors intentionally manipulate or mislead…
LOS ANGELES (KABC) — A man was defrauded out of $25,000 after scammers used AI to recreate his son’s voice to defraud him from sending money.Anthony, who did not want to give his last name, said he felt like a fool for falling for the scam. But he is speaking out and sharing his story so others don’t get fooled.”I feel like an idiot, but I don’t care,” Anthony said. “I want to help everyone I can.”It all started when I received a phone call that I thought was from my son.Anthony believed her son had been in an accident…
BEIJING/SHANGHAI (Reuters) – China’s central bank and financial regulators have held a meeting with major financial institutions, urging them to quickly implement a wide range of policies to support the economy and capital markets.The People’s Bank of China (Central Bank) said in a statement posted on its website on Friday that it called on financial institutions to strengthen credit support to the real economy and maintain reasonable growth in the aggregate amount of money and credit. .It also called for reliable interest rate adjustment and two funding mechanisms created to support the stock market.The meeting, held on Wednesday, was co-chaired…
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI. learn more H2O.ai, an open source AI platform provider, today announced two new vision language models designed to improve document analysis and optical character recognition (OCR) tasks. Named H2OVL Mississippi-2B and H2OVL-Mississippi-0.8B, the models offer competitive performance against much larger models from leading technology companies and are more efficient for companies with document-heavy workflows. may provide a solution. David vs. Goliath: How H2O.ai’s small model outsmarts big tech companies Although the H2OVL Mississippi-0.8B model has only 800 million parameters, it outperformed all other models…
Stanford University-designed AI helps this Bay Area county erase past racist real estate records
SANTA CLARA COUNTY, Calif. (KGO) — Santa Clara County is using artificial intelligence developed by Stanford University to redact thousands of racist property records from its systems.Racial covenants were used in the early 1900s to require property owners to follow certain rules, such as who could and could not live there.Although these agreements have not been enforced, they remain in writing to this day.When Daniel Ho, a professor at Stanford Law School, was buying a home in Palo Alto, he couldn’t believe certain clauses in the paperwork.“The regulations stated that “this land shall not be used or occupied by persons…
MARION, Ill. (KFVS) – Five people are in custody after the Williamson County Sheriff’s Office closed a reported drug house.According to the sheriff’s office, at 11:36 a.m. on Thursday, October 17, they executed a search warrant on a residence located at 13283 Route 37 in Marion, Illinois.The residence is reportedly the subject of a multi-state narcotics operation which has been the target of a five-month investigation.During the investigation, evidence of organized drug activity was documented, including significant sales of Methamphetamine to Williamson County residents.The sheriff’s office says deputies developed probable cause to support that residents of the property are engaged…
Triumph Financial Inc (TFIN) Q3 2024 Earnings Announcement Highlights: Strategic Partnerships and…
Release date: October 16, 2024For a complete record of financial statements, see Complete Record of Financial Statements.good pointsTriumph Financial Inc (NASDAQ:TFIN) has successfully launched TriumphPay with CH Robinson, demonstrating a strong partnership and network expansion.The company leverages artificial intelligence and machine learning to automate invoice purchasing and increase operational efficiency.Triumph Financial Inc (NASDAQ:TFIN) has demonstrated the ability to fund transactions outside of traditional banking hours, giving it a competitive advantage.The company reported significant growth in non-interest-bearing deposits, particularly from mortgage warehousing services, and reduced reliance on wholesale funding.TriumphPay’s fee income increased by more than 30% year-on-year, demonstrating resilience and value-adding,…
Written by Mark McDermott The Measure RLS campaign is making a multifaceted argument in support of a $200 million school bond that will be on the November 5th ballot. The first part is the need for upgrades, including healthier drinking water, larger kindergarten classrooms with restrooms, leak-proof roofs, and state-of-the-art science labs on all campuses. “First and foremost, we want our children to be safe in these schools,” said Larry Zimbalist, chairman of the Yes on RLS campaign. “There are a lot of old aspects of school, like drinking water. The other thing is, we want to send our kids…
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