͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­
View online | Unsubscribe
Too many emails? Get just one newsletter per day - Morning / Evening / CEO Picks

To continue to receive the newsletter without interruption, please click the dots menu on the top and create a filter to never send to spam.




From the Editor's Desk

Auditing Algorithmic Risk

Artificial intelligence, large language models (LLMs), and other algorithms are increasingly taking over bureaucratic processes traditionally performed by humans, whether it’s deciding who is worthy of credit, a job, or admission to college, or compiling a year-end review or hospital admission notes.

Given the highly sophisticated and stochastic nature of these new technologies, we might throw up our hands at such questions. After all, not even the engineers who build these systems claim to understand them entirely or to know how to predict or control them. But given their ubiquity and the high stakes in many use cases, it is important that we find ways to answer questions about the unintended harms they may cause. In this article, we offer a set of tools for auditing and improving the safety of any algorithm or AI tool, regardless of whether those deploying it understand its inner workings.

Algorithmic auditing is based on a simple idea: Identify failure scenarios for people who might get hurt by an algorithmic system, and figure out how to monitor for them. This approach relies on knowing the complete use case: how the technology is being used, by and for whom, and for what purpose. In other words, each algorithm in each use case requires separate consideration of the ways it can be used for — or against — someone in that scenario.

Continued here


TradeBriefs: Newsletters for Decision-Makers!

Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.

Want the newsletters, without the promotional mailers?
Get an (ad-free) subscription to TradeBriefs Premium for just $1 per month.


 
Learn more about Jeeng


Access to premium content | No advertisement mailers

 
Learn more about Jeeng

Work
Biden cheers cooling inflation ahead of key Fed interest rate decision   
  

The consumer price index showed that prices did not rise in May, marking the first time since July 2022 that the month-over-month rate was flat.


Work
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties  
  

Foundation was started in April by Synapse CEO Sankaet Pathak, Tribe Capital CEO Arjun Sethi, and LeBlanc, cofounder of Cobalt Robotics.


 
Learn more about Jeeng


Work
Ancient Genomes Reveal Which Children the Maya Selected for Sacrifice  
  

Thousand-year-old DNA from Chichn Itz offers eye-opening details of the religious rituals of ancient Maya.


Work
Sony Pictures is buying Alamo Drafthouse, becoming the first studio in 75 years to own a theater chain  
  

Sony Pictures has acquired Alamo Drafthouse, the seventh-largest movie theater chain in North America.


You Might Like
   
 
Learn more about RevenueStripe...


Work
Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale | TechCrunch  
  

Pedro Franceschi will serve as sole CEO of fintech Brex while Henrique Dubugras becomes chairman of the board.


Work
Fisker recalls thousands of Ocean EVs for safety and compliance issues  
  

The company issued voluntary recalls for at least 11,000 Ocean SUVs across the U.S., Canada, and Europe for software-related issues.














Work
Dutton's surprise climate policy proves he 'can't be taken seriously', Albanese says  
  

PM says opposition leaders refusal to name a short-term emissions reduction target in line with Paris agreement is calculated to reignite climate wars


Work
Thousands of short-stay rentals flouting registration rules in Sydney, research finds  
  

Council calls for more regulation of short-term rental properties listed on hosting sites such as Airbnb as industry hits back


You Might Like
   
 
Learn more about RevenueStripe...


Work
Deadly cancer treatment delays now 'routine' in NHS, say damning reports  
  

Studies sound alarm at state of cancer care with hundreds of thousands waiting months to start essential treatment


Work
Oldest ever US organ donor believed to be 98-year-old man  
  

Orville Allen, second world war and Korean war veteran, died on 29 May and his liver was successfully transplanted


 
Learn more about RevenueStripe...


Work
US House votes to hold Merrick Garland in contempt of Congress  
  

Resolution concerned attorney generals refusal to turn over audio of Biden interview in his classified-documents case


Work
Why being the last company to launch in a category can pay off | TechCrunch  
  

Caraway honed its go-to-market approach by watching other brands launch before them and trying to fill their gaps.


 
Learn more about RevenueStripe...


Work
Layoffs Got You? Grab A Half-Price Expo+ Pass | TechCrunch Disrupt 2024  
  

Growing your network can be hard after layoffs. If you've been impacted, grab a Disrupt 2024 Expo+ Pass at 50% off to make new connections.


Work
Insight Partners backs Canary Technologies' mission to elevate hotel guest experiences | TechCrunch  
  

The hotel guest management technology companys platform digitizes the hotel guest journey from post-booking through checkout.


 
Learn more about RevenueStripe...


Work
Southern Baptists Vote to Oppose Use of I.V.F.  
  

With almost 13 million church members across the United States, the Southern Baptist Convention has long been a bellwether for American evangelicalism.


Work
US widens Russia sanctions in banking crackdown  
  

The US broadens Russia sanctions, including a fresh crackdown on banks and tech.


 
Learn more about RevenueStripe...


Work
Disney and DeSantis Reach Agreement, Ending Protracted Fight  
  

The deal locks in a 15-year expansion plan for Disney World and clears a path for Disney to restart political donations in Florida.


Work
SpaceX Is Sued by Employees Fired After Criticizing Musk  
  

The eight workers say they were wrongfully fired after circulating a memo raising concerns about sexual harassment at the rocket company led by Elon Musk.


Work
Did Jerry West Inspire the N.B.A.'s Logo? 'There Was Never Any Doubt.'  
  

After decades of the league having avoided the issue, Commissioner Adam Silver said what most people knew all along: It is Jerry West in the leagues iconic logo.


Work
How Fed Rates Influence Mortgages, Credit Cards and More  
  

Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.


Work
No Tables for Anyone Under 30 at This St. Louis-Area Restaurant  
  

Customers generally support Bliss Caribbean Restaurants ban on male customers under 35 and women under 30. But some legal experts say there may be a problem.


Work
Housing Costs Cool, but Remain a Source of Concern  
  

Housing costs were up 5.4 percent in May from a year earlier, the smallest increase in more than two years. But monthly progress has slowed.


Work
Cooling Inflation Revives Biden's Hope of Rate Cuts  
  

The chances of at least one pre-election cut appeared to be helped by a new inflation report.


Work
Food Inflation Eased Again, Welcome News for Shoppers  
  

Although food price gains have cooled, prices remain much higher than they were several years ago, squeezing consumers.


Work
Akira Endo, Scholar of Statins That Reduce Heart Disease, Dies at 90  
  

The Japanese biochemist found in the 1970s that cholesterol-lowering drugs lowered the LDL, or bad cholesterol, level in the blood.


Work
White House Announces Strategy to Keep Edible Food Out of Landfills  
  

The government will look at ways to extend the shelf life of foods and to create more composting and other facilities, as well as urge companies to donate more food.


Work
3 Days in Space Were Enough to Change 4 Astronauts' Bodies and Minds  
  

An extensive examination of medical data gathered from the private Inspiration4 mission in 2021 revealed temporary cognitive declines and genetic changes in the crew.


Work
Judge bars 'pharma bro' Martin Shkreli from streaming Wu-Tang Clan album after suit says he copied it  
  

Martin Shkreli is being sued by PleasrDAO for allegedly retaining copies of and playing the Wu-Tang Clan album "Once Upon a Time in Shaolin."


Work
Larry Ellison is $19 billion richer after Oracle shares rally the most since 2021  
  

Larry Ellison's 42% stake in Oracle has made him one of the richest people in the world, and his value continues going up as stock shares hit a record.


Work
Here's what changed in the new Fed statement  
  

This is a comparison ofWednesday'sFederal Open Market Committee statementwith the one issued afterthe Fed'sprevious policymaking meeting.


Work
The Federal Reserve holds interest rates steady here's what that means for your money  
  

The Federal Reserve will keep rates where they are, for now here's what that means for your credit card, mortgage rate, auto loan and savings account.


Work
Fed holds rates steady, indicates only one cut coming this year  
  

The Federal Reserve on Wednesday released its decision on interest rates following this week's policy meeting.


Work


Work


Work
Southwest CEO vows change as activist investor pushes for new leadership  
  

Elliott Management on Monday disclosed a nearly $2 billion stake in Southwest Airlines and said it wanted new leadership.


Work
Here's the inflation breakdown for May 2024 in one chart  
  

Inflation declined to a 3.3% annual rate in May 2024, according to the consumer price index.


Work
Trump and Biden campaigns go head-to-head with rival fundraisers in London  
  

Supporters of U.S. presidential candidates Donald Trump and Joe Biden will put their money where their mouths are at two rival fundraising events in London.


Work
Inflation slows in May, with consumer prices up 3.3% from a year ago  
  

The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago.


Work
Accounts of Life in Hamas Captivity Emerge in Israel  
  

The four hostages rescued in Gaza were described as malnourished and traumatized.


Work
Houthis Attack Merchant Ship in Red Sea Off Yemen's Coast  
  

The Iran-backed militia has launched dozens of attacks on shipping vessels in the vital sea route in support of Palestinians in Gaza.


Work
Jerry West, One of Basketball's Greatest Players, Dies at 86  
  

He was a sharpshooting, high-scoring Hall of Fame guard for the Lakers and later an executive with the team. His image became the N.B.A.s logo.


Work
The Rage, Secrecy and Pain of a Family Torn Apart by Addiction  
  

A Delaware family sees itself in the Hunter Biden story.


Work
Fran  
  

With hit songs and an understated personality, she incarnated a 1960s cool still treasured by the French.


Work
Listen to 8 Songs From the Bewitching Fran  
  

From her start in the y-y 1960s to the depths she plumbed as a singer-songwriter, Hardy, who died Tuesday, continued to entrance new generations of listeners.


Work
Defiant Macron Predicts Chaos if France Succumbs to Extremes  
  

The French president called on people of good will to come together to defend the Republic in the snap election he decided to call.


Work
Opinion | Go Slow, Joe  
  

He ought to glide along at his own pace.


Work
Inflation Cooled, but the Fed Expects Just One Rate Cut This Year  
  

Also, Southern Baptists voted to oppose I.V.F. Heres the latest at the end of Wednesday.


Work
Tony Lo Bianco, 'French Connection' Actor, Is Dead at 87  
  

Once labeled a natural-born heavy, he shined onscreen and especially onstage, securing a Tony nomination and winning an Obie Award.


Work
'A Force Of Nature': Remembering HuffPost's Howard Fineman  
  

HuffPost's former global editor died Tuesday at 75. He was a tenacious check on power, but never wanted to be part of it, writes his longtime colleague.


Work
Risky bet in this global hydrogen fuel cell maker could net investors 160%, says RBC  
  

RBC analyst's price target is the most conservative, as the average of four analysts points to a 282% upside.


Work
GameStop tanks with huge volume in the call options owned by 'Roaring Kitty'  
  

The sell-off in GameStop shares intensified in afternoon trading, coinciding with a spike in trading volume in the call options that "Roaring Kitty" owned.


Work
Broadcom beats earnings estimates, announces 10-for-1 stock split  
  

Broadcom announced a 10-for-1 stock split and beat earnings estimates for the second fiscal quarter.


Work
Here's what's next for Paramount after Skydance deal is stopped in its tracks  
  

Shari Redstone's National Amusements stopped deal talks between Paramount Global and Skydance. What's next for the media giant with three leaders at the helm?


Work
Stocks making the biggest moves midday: Oracle, Apple, Rentokil Initial and more  
  

These are some of the stocks posting the largest moves in midday trading.


Work
Keith Gill has some tough choices to make on his GameStop options with Wall Street ready to pounce  
  

Roaring Kitty might be pondering on what to do with his massive options position against GameStop and he could have some tough choices to make.


Work
Apple briefly surpasses Microsoft as world's most valuable company after unveiling AI plans  
  

Apple reclaimed the title of the world's largest company by market cap after an artificial intelligence-heavy conference sparked investor enthusiasm.


Work
These stocks are close to forming the dreaded death cross pattern  
  

There is trouble looming for some stocks even as the market trades near record highs.


Work
Biden made it easier for student loan borrowers in bankruptcy. This woman, who thought it was a joke, got $158,182 cleared  
  

Mishima Hughson, a former teacher in Virginia, is one of the student loan borrowers to benefit from the Biden administration's more lenient bankruptcy policy.


Work
Jerry West, NBA legend, dies at age 86  
  

Jerry West, the NBA legend featured on the league's logo, died Wednesday.


Work
Bear shreds seats then dozes off after breaking into Canadian woman's car  
  

Black bear apparently opened the vehicle by lifting door handle with its mouth, after breaking into same car last year


Work