Latest news with #AIDeepSeek
Scottish Sun
10-05-2025
- Scottish Sun
How innocent people could be jailed because of sinister AI bot ChatGPT… and leave dangerous criminals walking free
ROBOCOP How innocent people could be jailed because of sinister AI bot ChatGPT… and leave dangerous criminals walking free Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) JURORS could secretly be using ChatGPT to decide crunch verdicts, top US lawyers fear. Dean Strang and Jerry Buting, who starred in Netflix documentary Making a Murderer, warned it could see innocent people convicted - or let criminals off the hook. 4 Top lawyers have warned how ChatGPT could be being used to decide verdicts Credit: Reuters 4 Jerry Buting and Dean Strang, who were Steven Avery's defence lawyers The lawyers, who defended Steven Avery on the hit show, insisted it is vital jurors are stopped from accessing the AI tool during trials. Strang said jurors could be tempted to use ChatGPT as a 'sounding board' if they are uncertain about a defendant. But he stressed it could have "disastrous" consequences as jurors could get skewed answers that force a mistrial or bring them to the wrong decision. Strang, who has worked in criminal defence for more than 30 years, told The Sun: 'Jurors should be banned from using ChatGPT. More on AI TRUTH TWISTING AI could jail innocent people with fake CCTV, Making a Murderer lawyer says 'I can't prove this and I'm not a computer engineer, but my sense is that AI, in part, is assessing what it thinks we want to hear and tailoring answers to its perception of what our human wishes and purposes are. 'That would be disastrous in a jury room, to the extent that AI decides the juror is inclined to a conviction. 'You're going to get a skewed answer. To the extent AI perceives the jurors are inclined to acquittal or if AI develops its own will, which I read is at least possible, kind of developing a consciousness. 'Either way, you're getting a skew and neither skew is good, and you're substituting out what you hope is human judgment, a human assessment of what's happening in the courtroom, credibility determinations.' Asked if he fears jurors are already using the tool, or soon will, Strang answered: 'Yes. 'Some never would, and I fear that some would be tempted to or use it as a sounding board, use it as an advisor. China's new cheap AI DeepSeek sparks ALARM as it outperforms West's models like ChatGPT amid race to superintelligence 'Even if the juror says I'm going to make the decision, but I'm getting advice from AI, that's going to be advice that's probably hard to ignore.' Strang and Buting defended Avery in the 2015 documentary, which claimed Avery had been framed for the murder of Teresa Halbach. Avery has been behind bars for the crime since 2007. Before that, he spent 18 years in jail for a rape and attempted murder he was later found innocent of. Strang and Buting continue to maintain his innocence, as does Avery himself. Now, Buting fears even more alleged miscarriages of justice through the use of ChatGPT. Buting, author of Illusion of Justice, told The Sun: 'I've seen people online take situations like the Steven Avery case or the Karen Reed case, a second trial going on right now because the jury was hung, try and use GPT by putting in the facts as they know them. 'Then they ask ChatGPT whether the person is guilty or innocent and they come up with an answer. 'It's bulls*** basically, because it depends on what you put in as the facts. What are the arguments against AI? Artificial intelligence is a highly contested issue, and it seems everyone has a stance on it. Here are some common arguments against it: Loss of jobs - Some industry experts argue that AI will create new niches in the job market, and as some roles are eliminated, others will appear. However, many artists and writers insist the argument is ethical, as generative AI tools are being trained on their work and wouldn't function otherwise. Ethics - When AI is trained on a dataset, much of the content is taken from the internet. This is almost always, if not exclusively, done without notifying the people whose work is being taken. Privacy - Content from personal social media accounts may be fed to language models to train them. Concerns have cropped up as Meta unveils its AI assistants across platforms like Facebook and Instagram. There have been legal challenges to this: in 2016, legislation was created to protect personal data in the EU, and similar laws are in the works in the United States. Misinformation - As AI tools pull information from the internet, they may take things out of context or suffer hallucinations that produce nonsensical answers. Tools like Copilot on Bing and Google's generative AI in search are always at risk of getting things wrong. Some critics argue this could have lethal effects - such as AI prescribing the wrong health information. 'This would be the problem with jurors doing it because jurors listen to the evidence. "If they go back in there and they can't really resolve something themselves, well then that's probably reasonable doubt in most cases. 'But if they say, well, we can't resolve this, you think this and I think that and there's a dispute, let's put it into ChatGPT and see what it says, and then it comes up with an answer, then somebody may be swayed by that. 'AI, at least in its current iteration, has built in biases because of the algorithms.' Buting previously told The Sun he fears AI could destroy the entire justice system by sending innocent people to jail with fake CCTV. ChatGPT exploded onto the scene in 2022 and has since become an essential tool for individuals and businesses worldwide. Buting said: 'We don't know at this point exactly how it's filtering, how it's learning. 'The idea is that it learns from more fact situations presented over and over, but what fact situations, what trials, for instance, is it looking at? 4 Steven Avery listens to testimony in the courtroom at the Calumet County Courthouse in 2007 Credit: AP:Associated Press 4 Jerry Buting argued to jurors that Steven Avery had been framed in Making a Murderer Credit: NETFLIX 'Are there already ones where there has been a built-in bias? Because there is a lot of bias in America's legal system. Bias against minorities in particular. 'So are they kind of underrepresented in the algorithm, machine learning that is happening with AI? A lot of people wonder about that. 'I just know I've seen people use ChatGPT. I can use it and put in facts, and leave out facts that I want to, and it'll come up with an answer probably that I want. 'So I think there's a real problem.' When The Sun asked ChatGPT if Avery was guilty, the response was: "Legally: Steven Avery is guilty, he was convicted and remains in prison. What does the law say? UNDER UK law, judges are allowed to use ChatGPT to assist them when making rulings. AI assistance was given the green light by a landmark ruling in 2023. Guidelines from the Judicial Office sent to thousands of judges across England and Wales said that the tech can be useful for summarising large volumes of text or carrying out administrative tasks. However, it cautions that chatbots should relied upon for researching legal frameworks, because there is a risk it will fabricate cases or legal documents. The guidelines also warn that generative AI technology could be used to create false evidence - such as deepfake pictures or videos. The US is currently grappling with the integration of AI in its legal proceedings. Spearheading progress is the Illinois Supreme Court, which issued guidance on the use of AI by judges and lawyers in December 2024. The document encouraged the responsible and supervised use of AI, and suggested that the use of chatbots in drafting pleadings need not be declared. Its tone is generally pro-AI, and emphasises that existing legal and ethical guidance can be applied. In early May 2025, a federal judicial panel advanced a proposal to seek the public's feedback on a draft rule designed to ensure AI-produced evidence meets the same standards as human evidence. 'Public opinion and expert debate: Divided. Many believe he may have been wrongfully convicted again, especially given the suspicious handling of evidence. 'No definitive proof of innocence or of a frame-up has yet convinced the courts.' It comes as fears continue to be raised about its threat to jobs, and the dangers of the software outsmarting humans. Many experts have also warned of the security dangers of advanced AI – and how cyber-crooks could abuse them to scam innocent victims. The Sun has approached ChatGPT for a response.
Daily Maverick
08-05-2025
- Business
- Daily Maverick
The importance of a balanced outlook in turbulent times
Should one's investment strategy shift in response to market volatility? Old Mutual Corporate Consultants' approach demonstrates the value of a balanced outlook and portfolio – and the power of playing the long game. Many shocks and surprises occurred in the first quarter of 2025, significantly impacting stock markets and the investment world at large. These included numerous surprise announcements by Donald Trump, record cryptocurrency heights, and tech companies and indices blindsided by the sudden rise of Chinese rival AI DeepSeek – to name just a few. Market volatility is nothing new; it is the rhythm of investment. South Africa's equity markets have weathered numerous storms, from the devastating 58% decline in the late 1960s to the sharp 21% drop during COVID-19. Globally, we have seen remarkable resilience following the dot-com crash and pandemic-related downturns. But here is what matters: These shake-ups are not just challenges; they are opportunities. After the COVID-19 decline, markets surged into an expansionary phase with exceptional returns. While any asset class can underperform inflation temporarily (as we saw in 2022), history consistently shows that these periods are followed by significant outperformance. Additionally, regulatory evolution – like SARB's expansion of offshore investment allowances – has opened new avenues for portfolio growth and diversification. To adapt or endure? Our investment approach remains steadfast because it is built on decades of market wisdom. Our analysis of South Africa's equity market from 1925 to 2023 tells a compelling story, from the 58-month downturn and 72-month recovery in the 1950s to the remarkable 110-month bull run in the early 1990s. This historical perspective confirms what we have always known: markets recover, expand, and reward the patient and consistent investor. Growth assets are notably the primary beneficiaries of this expansion, as my colleague, Head of Smoothed Bonus Products & Investment Strategy Marvin Nair, points out. It is therefore imperative for an investor to maintain as much growth asset exposure as possible throughout their investment journey. Chasing market trends is not an optimal investment approach for four simple reasons: Market cycles are natural and inevitable. Reacting to every fluctuation means missing the recoveries that follow. The data is undeniable: Long-term investors consistently earn positive real returns. Short-term investors may sometimes outperform the market, Nair adds, but they cannot consistently do so. Diversification works. Spreading investments across asset classes cushions the impact of volatility. Market timing is a fool's errand. The 'periodic tables', as shown in our note of returns, demonstrate the impossibility of consistently predicting top performers. As Nair puts it, the adage continues to hold true: 'Time in the market is better than timing the market'. At Old Mutual Corporate Consultants, we are guided by 'The Investor's Compass': a framework centred on long-term success rather than short-term noise. We recognise market cycles and look for strategies to harness them, not fear them. By emphasising sustained growth over time and strategic diversification across asset classes, we maximise the probability of inflation-beating returns. Above all, we champion patience – the essential ingredient for investment success. Nair points out that our flagship Absolute Growth Portfolios (AGP) product, in particular, is designed to see through the noise and maintain high growth asset exposure throughout an investor's journey. This is critical to ensure upside participation through various market cycles. The power of patience Adopting a disciplined approach to investing delivers multiple benefits. Investors are more likely to achieve their long-term financial goals and enjoy superior risk management through strategic diversification. A disciplined approach also protects investors from making emotional decisions during periods of market volatility while enhancing their confidence through deep investment understanding. Investors become more adaptable to evolving market conditions without abandoning their core principles, and benefit from consistent course correction through regular portfolio reviews focusing on long-term outcomes. This type of strategy directly targets what matters most to retirement fund members. How? By offering: Maximum long-term growth potential through optimal growth asset allocations suitable for varying risk profiles. Capital preservation options that enable strategic diversification, including exposure to alternative asset classes (those being a key differentiated source of returns, particularly in our Smoothed Bonus portfolios). Inflation-beating returns that protect members' purchasing power. Peace of mind from a consistent, proven approach that withstands market storms. Technology can also help employers – and, therefore, their employees – to remain calm and confident in turbulent times. As they say, knowledge is power, and one can't afford to be rattled by sudden market turns. Old Mutual Corporate's proprietary solution, OnTrack™, functions as a powerful diagnostic tool, enabling employers to understand how well their retirement fund is serving members and to make data-driven improvements that ensure more employees achieve a secure retirement. The bottom line? At Old Mutual Corporate, we navigate turbulent markets with a steady hand, delivering sustainable returns for our clients and their employees. Our long-term perspective, diversified approach, and unwavering patience create retirement journeys that do not just weather market shake-ups – they thrive because of them. DM Author: Dennis Murray
Yahoo
28-01-2025
- Business
- Yahoo
DeepSeek just revealed a huge risk to the stock market
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube or wherever you find your favorite podcasts. Always be learning in investing. Overly enthusiastic AI bulls might have just gotten their comeuppance after AI upstart DeepSeek sent major players like Nvidia (NVDA) into a trading tailspin on Monday. One valuable lesson according to Carlyle's head of global research Jason Thomas? Be mindful of the current concentration risk in markets. 'You can make your projections and have your best estimates about what's going to happen on the top line. You can make your assumptions about competition,' Thomas told Yahoo Finance executive editor Brian Sozzi during an Opening Bid podcast (see video above; listen below). 'But then you have the question of the valuation, this is an issue of what is the expected return here.' This embedded content is not available in your region. Not a day has gone by the past year, when major AI players haven't captured headlines or reported explosive growth. Nvidia, long thought to be the darling of the coming AI revolution, has basked in what felt like a perma-glow of demand for its products, both fully realized and under construction. In turn, that has sent investors plowing more dollars into Magnificent 7 names such as Nvidia, Amazon (AMZN), and Microsoft (MSFT). Thomas notes that Nvidia and its five largest customers now combine for a whopping 27% of the value of the S&P 500, and an astonishing 12% of global stock market capitalization. These are mega-cap tech stocks now priced for absolute perfection, warned billionaire investor Ray Dalio on Opening Bid last week from the World Economic Forum. So when perfect situations don't materialize, the crowded trades get unwound the fastest and weigh on other stocks. Watch: what Salesforce's CEO Marc Benioff is up to in AI DeepSeek represents the rise of an imperfect situation to the Mag 7 bulls. It's a Chinese company that's also in the AI development space. Last week, it surprised more than just markets after unveiling RI, its AI model that gave a ChatGPT-esqe performance but at an arguably cheaper price tag. RI costs a reported $5.6 million to build for a base model, compared to the hundreds of millions of dollars incurred at US-based companies, according to CNN. Fears mounted that US companies are over-spending on AI infrastructure, which includes Nvidia chips. In response, stocks went haywire on Monday. Nvidia's market value dropped by $588.8 billion, or 16.97%. It was the biggest ever single-day loss in a stock's market cap in absolute terms, according to Deutsche Bank data. Monday's decline for Nvidia was larger than the total market cap of the likes of Exxon (XOM) and Mastercard (MA). Violent market responses like this are why Thomas continues to remind investors to be skeptical bulls at best. 'Again, this sense of concentration risk is something that a lot of analysts have pointed out,' he said. 'The reason that I'm more concerned is because of the macro significance,' he continued. 'You have a relatively small share of the economy that is accounting for an outsized share of the growth in GDP because of how much they've been investing.' Yet, for every skeptic, there are those who say moments like the Monday sell off are expected and overblown. Tech analyst Dan Ives and the team at Wedbush released a bullish note in response to the chaos. 'No US Global 2000 is going to use a Chinese start-up DeepSeek to launch their AI infrastructure and use cases. At the end of the day there is only one chip company in the world launching autonomous, robotics, and broader AI use cases and that is Nvidia,' Ives said. Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service.
