Giant seaweed blob twice the width of the US takes aim at Florida

Remarks by FDIC Chairman Martin Gruenberg at the Institute of International Bankers, March 6, 2023 [4 days before collapse of Silicon Valley Bank]: The current interest rate environment has had dramatic effects on the profitability and risk profile of banks’ funding and investment strategies. First, as a result of the higher interest rates, longer term maturity assets acquired by banks when interest rates were lower are now worth less than their face values. The result is that most banks have some amount of unrealized losses on securities. The total of these unrealized losses, including securities that are available for sale or held to maturity, was about $620 billion at yearend 2022. Unrealized losses on securities have meaningfully reduced the reported equity capital of the banking industry. The good news about this issue is that banks are generally in a strong financial condition, and have not been forced to realize losses by selling depreciated securities. On the other hand, unrealized losses weaken a bank’s future ability to meet unexpected liquidity needs. That is because the securities will generate less cash when sold than was originally anticipated, and because the sale often causes a reduction of regulatory capital.

Because the systems do not have an understanding of what is true and what is not, they may generate text that is completely false.

Microsoft laid off its entire ethics and society team within the artificial intelligence organization as part of recent layoffs that affected 10,000 employees across the company

Earlier this week, an app for creating “deepfake face-swap” videos rolled out more than 230 ads on Meta’s platforms, including Facebook, Instagram, and Messenger—127 of which showed Emma Watson’s face transposed onto provocative videos, and another 74 that featured the likeness of fellow actor Scarlett Johansson. None of them were created with the subjects’ consent. Following an investigation by NBC, the ads have been removed from Meta’s platform. But the app is still available to download on Google Play. […] Last month, Twitch streamer Brandon “Atrioc” Ewing came under fire for watching sexually-explicit deepfakes of his female streaming peers.[…] Many of the women featured on that particular deepfake porn site only learned they were the subject of graphic videos after Atrioc issued a tearful public apology for watching them, having been caught red-handed during a livestream. […] According to research conducted by livestreaming analyst Genevieve Oh, February 2023 saw the most uploads of deepfake porn videos in one month thus far […] the number of deepfakes doubling roughly every six months.

Last month Justin David Sullivan, a star of the Broadway musical “& Juliet” made headlines for declining to be considered for a Tony because, as a trans nonbinary performer, they did not feel comfortable being nominated for a gender-specific prize. […] In Shakespeare’s day, women were barred from acting, with men assuming female roles.

The key to the strange power of so much of Hopper’s best work lies in the lack of any clear illustrational function

6 Ways To Make Your Neighbor Move Away Using Nothing But A Common Crow — 1. Make the crow squawk really loudly and tell your neighbor it’s because his house was built on top of the crow’s wife. 2. Train the crow to place a human leg in your neighbor’s mailbox

Mar 7, 2020 good morning to all the kids under quarantine in wuhan who defeated the app assigning them homework by spamming it with 1-star reviews until it got removed from the app store

Let me lovingly fist your earth hole
and apply pressure to the earth’s sphincter
so the ground swallows and sucks
whole
through its vortex
the boring patriarchal pimple

every day the same again | March 15th, 2023