Study: RAG-based LLMs less safe than non-RAG

By Anthony Malakian, waterstechnology, 29 Apr 2025 URL: https://www.waterstechnology.com/emerging-technologies/7952391/study-rag-based-llms-less-safe-than-non-rag In the world of large language models, the retrieval-augmented generation (RAG) framework has gained favor as companies have looked to develop LLMs. RAG approaches grew in popularity about a year ago as the framework was viewed as a way to reduce hallucinations related to generative AI. … Continue reading Study: RAG-based LLMs less safe than non-RAG →

Banks don’t talk about the energy AI guzzles. Here’s why they should.

By Penny Crosman, American Banker 25 April 2024 URL: https://www.americanbanker.com/news/banks-dont-talk-about-the-energy-ai-guzzles-heres-why-they-should Artificial intelligence uses more energy than other forms of computing. Training a single model consumes more electricity than about 130 U.S. homes use in an entire year, according to some researchers' estimates. …

AI, black boxes and bias: The impact of the White House’s executive order

By Penny Crosman, American Banker 31 October 2023 URL: https://www.americanbanker.com/news/ai-black-boxes-and-bias-the-impact-of-the-white-houses-executive-order The White House's executive order on artificial intelligence has created a lot of buzz in Washington this week. For banks that use AI, the order's impact could come quickly, experts say…

Capital One fine is latest wake-up call for banks using the cloud

By Penny Crosman, American Banker 7 August 2020 URL: https://www.americanbanker.com/news/capital-one-fine-is-latest-wake-up-call-for-banks-using-the-cloud It’s been more than a year since Capital One Financial said it had suffered a data breach that exposed the personal information of 106 million customers, but the lessons from the episode are as timely as ever.The $80 million penalty assessed by the Office of … Continue reading Capital One fine is latest wake-up call for banks using the cloud →

The curious case of the Vatican and credit default swaps

By Penny Crosman, American Banker 26 July 2018 URL: https://www.americanbanker.com/news/the-curious-case-of-the-vatican-and-credit-default-swaps Are credit-default swaps harmful to consumers and society at large? The Vatican reignited a debate on the topic recently when it issued a document chastising the financial services industry for immoral behavior, specifically calling out credit default swaps, subprime mortgages, and algorithmic models used to … Continue reading The curious case of the Vatican and credit default swaps →

Banks’ underground data vault is evolving — will it use blockchain next?

By Penny Crosman, American Banker 16 February 2018 URL: https://www.americanbanker.com/news/banks-underground-data-vault-is-evolving-will-it-use-blockchain-next Two years ago, dozens of U.S. banks, including Citigroup, JPMorgan Chase and Bank of America, began working on a secret, ultrasecure data bunker called Sheltered Harbor that would hold a copy of all bank transaction data in the event of a devastating cyberattack. But the banks … Continue reading Banks’ underground data vault is evolving — will it use blockchain next? →

Financial Firms Should Collaborate on Tech Testing Across Markets, Former NYSE CIO Says

By Kim S. Nash, The Wall Street Journal 15 July 2015 URL: http://blogs.wsj.com/cio/2015/07/15/financial-services-together-must-test-tech-for-interconnected-markets-former-nyse-cio/ The technology outage at the New York Stock Exchange that halted trading for four hours last Wednesday reflects an interconnected financial market where problems in one spot cause changes in another. Glitches are inevitable with the growing complexity of technology behind financial markets, but what matters … Continue reading Financial Firms Should Collaborate on Tech Testing Across Markets, Former NYSE CIO Says →

What We Learned From the NYSE, United Airlines Tech Outages

Phone companies typically promise 99.999% reliability. But can we expect the same from other kinds of networks upon which we increasingly rely? By Steve Rosenbush and Steven Norton, The Wall Street Journal 9 July 2015 URL: http://www.wsj.com/articles/spate-of-tech-outages-yesterday-signal-an-era-has-ended-1436464561 Say what you will about Plain Old Telephone Service, but it worked. The functionality of POTS, as it was known, … Continue reading What We Learned From the NYSE, United Airlines Tech Outages →

NYSE Provides Glimpse into Glitch Timeline

By Steven Norton and Kim S. Nash, The Wall Street Journal 9 July 2015 URL: http://blogs.wsj.com/cio/2015/07/09/nyse-provides-glimpse-into-glitch-timeline/ The New York Stock Exchange gave a glimpse into the pressure-cooker technology situation it faced Wednesday when a configuration issue led to a nearly four-hour trading outage.It began Tuesday evening, when the NYSE started to roll out a software release ahead … Continue reading NYSE Provides Glimpse into Glitch Timeline →

‘Not a Conspiracy, Just a Bad Day’: Bank Reactions to Glitchfest

by Penny Crosman, Bank Technology News 8 July 2015 URL: http://www.americanbanker.com/news/bank-technology/not-a-conspiracy-just-a-bad-day-bank-reactions-to-glitchfest-1075289-1.html With an airline, a national business newspaper and the New York Stock Exchange all suffering outages Wednesday, it was no surprise when regulators checked in with a West Coast bank."It came across quickly, we had people internally get the news and the regulatory community reached out as … Continue reading ‘Not a Conspiracy, Just a Bad Day’: Bank Reactions to Glitchfest →