AI reduction and invisible governance gap

AI around the world

AI reduction and invisible governance gap

Barclays plans to cut around 5,000 jobs, mainly in support departments, citing AI as a reason. Around the same time, Axios reported that an uninvestigated AI agent was accessing U.S. bank accounts, and Google's education AI came under scrutiny from the Senate over concerns about children's mental health. AI is infiltrating people, accounts, and children's lives before there is even debate about whether or not to introduce it. Readers cannot verify for themselves the claims made by those implementing the product that it is safe and that it is effective. State laws and competition between countries are not set up to keep up with this pace. What we can see from this half-day movement is that we need to change our judgment not so much about the pros and cons of introducing the system, but about who should complete the preliminary inspections and who should check the results after the introduction.

Barclays plans to cut approximately 5,000 jobs, mainly in support departments (business + IT). The New York Times reported this as layoffs due to AI-driven cost reductions (The New York Times). AI is cited as the reason for the reduction, and the number of reductions is shown in concrete numbers. What readers see here is that the results of the introduction have begun to be talked about in terms of how many people have been reduced. In that case, the number of reductions alone is not enough for those evaluating the introduction. It is also necessary to ask where the people in charge of the reduced jobs will go.

• Former New York Fed President Dudley: AI Investment Will Push the Federal Reserve Onto a Rate Roller Coaster BigGo Finance
• Scoop: Unvetted AI agents are accessing U.S. bank accounts Axios
• IIT Madras to release white paper on AI jobs, global standards and reskilling The Economic Times
• Barclays to Cut 5,000 Jobs in A.I.-Driven Push to Lower Costs The New York Times
• Google faces Senate grilling over education AI as fears over kids’ mental health mount New York Post
• Convergence of AI, Wearable Technology, Remote Patient Monitoring and Real-World Healthcare: PomDoctor Ltd. (N A S D A Q: POM) FinancialContent
• China Is Setting America’s Tolerance for AI Risk Geopolitical Monitor
• A.I. and Its Dangers Are Embedded In the Midterm Elections The New York Times

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