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News From the Control Tower - 6/1/2023 Thumbnail

News From the Control Tower - 6/1/2023

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

In a recent post I alluded to some of the legal problems AI has ahead of it: this week I include a few more. One story is about OpenAI not wanting to reveal its sources to EU regulators (hint: they would open the company up to copyright infringement lawsuits). Another item showcases the trouble a lawyer got into when using ChatGPT to write his legal brief: the system entirely fabricated legal quotes and precedents. The judge was not happy.

Other people having legal troubles are Hyundai and Kia. Neither installed anti-theft software in their vehicles (which is not legally required btw), but so-called Kia Boyz on TikTok teach viewers how to exploit this weakness, leading to a rash of car thefts. Should Hyundai and Kia be responsible for this? I think it’s an interesting question.

On a side note, I listened to this podcast-version of this "Kia Boyz" story on a recent road trip, and the poor woman they featured had had her car stolen over and over again. It really sounded miserable.

Next is an interesting op-ed on a potential reason we’ve seen prices spike at the grocery store lately: reduced competition as the grocery market consolidated.

Finally, I’ve included a story about a World War II veteran who recently celebrated his 100th birthday. My own grandfather also fought in France in World War II, but he passed away before I was born. I was happy to see this family cherishing their loved ones.

Hope you all had a nice Memorial Day weekend.  –Amanda Vaught

1.       OpenAI says it could ‘cease operating’ in the EU if it can’t comply with future regulation

The EU is finalizing new AI regulations, but OpenAI CEO Sam Altman says he has ‘many concerns’ about the law. The EU AI Act would require the company to disclose details of its training methods and data sources.

2.       Here’s What Happens When Your Lawyer Uses ChatGPT

A lawyer representing a man who sued an airline relied on artificial intelligence to help prepare a court filing. It did not go well.

3.       Kia and Hyundai’s ‘Kia Boyz’ Problem

4.       The Real Reason Your Groceries Are Getting So Expensive

5.       Military veteran who was shot down in France in WWII celebrates his 100th birthday