Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), has urged regulatory agencies to find a way to manage the risks to financial stability posed by the concentration of power in artificial intelligence platforms. Gensler said that if swift intervention is not taken, a financial crisis caused by AI is "almost inevitable" within the next decade.

The prevalence of social media has created a world where visual evidence is no longer reliable, and the emergence of voice cloning technology is making it easier to spread false information. A recent report by NewsGuard uncovered a video on TikTok featuring a fake voice of former US President Barack Obama, which received over 50,000 views. This video was part of a network of 17 TikTok accounts that use hyper-realistic audio AI voice technology to create fake voiceovers, generating over 330 million views and 14.5 million likes since June 2023.

A bipartisan group of US senators has proposed a bill that would ban unauthorized AI-generated replicas of people's voices and images. The Nurture Originals, Foster Art, and Keep Entertainment Safe (NO FAKES) Act would hold companies and individuals liable for damages for creating unauthorized AI replicas of living or deceased individuals, as well as platforms that knowingly host unauthorized AI copycats. The penalties for violations would start at $5,000. The bill allows for limited use of unauthorized AI replicas protected by the First Amendment, including those used for news, documentaries, and satire.

California Assembly Member Ash Kalra has introduced a bill that would require employment contracts for actors, artists, and entertainers to include informed consent regarding the use of their digital replicates. The legislation, Assembly Bill 459, aims to protect workers in the entertainment industry from the potential threats posed by generative AI.

Goldman Sachs believes that the recent surge in AI stocks does not indicate a bubble, but rather the early stages of an AI revolution. The investment bank predicts that global AI investments could reach $200 billion by 2025, with generative AI having the potential to bring up to $4.4 trillion to the global economy. However, some experts caution against investing in the AI sector without a measured approach, and suggest diversifying portfolios across five groups of companies: Pioneers, Enablers, Adapters, Reformers, and Laggards. Despite the potential for long-term growth, caution is advised when investing in AI.

GPTScan's emergence provides an unprecedented tool for gaining insight into and safeguarding smart contracts from potential threats.

The Science, Innovation and Technology Committee (SITC) has recommended that the UK collaborate with its democratic allies to address the potential misuse of artificial intelligence (AI). The report highlights the need for collective safeguarding against actors who seek to misuse AI for their objectives.

With the combination of Generative Pre-training Transformer (GPT) and static analysis, GPTScan can detect logic vulnerabilities in smart contracts efficiently.