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-------------------------

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
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Work

Elon Musk says Tesla robots will power the company to a $30 trillion
market cap
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[[link removed]}&lead=419599&emailid=17777&nl=daily]
The most valuable companies in the world are Microsoft and Apple, each
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Elon Musk and Jeff Bezos might be entrusted with America's national
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   [[link removed]}&lead=419599&emailid=17777&nl=daily]
Musk's SpaceX, Bezos' Blue Origin, and United Launch Alliance will
complete for Pentagon space mission contracts over the next five years






















 










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Trump Once Promised to Revive Coal. Now, He Rarely Mentions It.
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In earlier races for the White House, he pledged to get miners back to
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At the G7, Biden Can't Escape the Shadow of the Gaza War
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The president was miffed when, expecting to talk about a security pact
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Trump Lawyers Argue Barring Attacks on F.B.I. Would Censor 'Political
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Boeing and NASA have delayed the Starliner landing
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[[link removed]}&lead=419599&emailid=17777&nl=daily]
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[[link removed]}&lead=419599&emailid=17777&nl=daily]
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[[link removed]}&lead=419599&emailid=17777&nl=daily]
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Air regulators are investigating new issues with Boeing planes.

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[[link removed]}&lead=419599&emailid=17777&nl=daily]
The Amazon founder has expressed his support to Will Lewis, the
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   [[link removed]}&lead=419599&emailid=17777&nl=daily]
A decades-long crisis is getting worse, and now dozens of nations are
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Musk's Tesla Pay Package Got Big Margin in Shareholder Vote
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   [[link removed]}&lead=419599&emailid=17777&nl=daily]
About 72 percent of shares in the balloting affirmed the chief
executives lucrative stock award. The company hopes to get a court to
reinstate it.

Work

Google C.E.O. Testifies in Ozy Media Founder's Fraud Trial
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   [[link removed]}&lead=419599&emailid=17777&nl=daily]
Sundar Pichai, the chief executive of Google, said he never discussed
a potential acquisition of the digital media start-up.

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[[link removed]}&lead=419599&emailid=17777&nl=daily]
Investors worry about a possible debt crisis in the country as polls
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U.S. Investigating 'Dutch Roll' That Damaged a Boeing 737 During
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   [[link removed]}&lead=419599&emailid=17777&nl=daily]
The Southwest Airlines flight experienced a rare oscillation in May
that caused substantial damage to its tail section and prompted
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How Media Outlets on the Right and Left Covered the Latest Inflation
Numbers
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Conservative media outlets used the new inflation data, which was
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3.3%
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The rate of inflation in May over the previous year.

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Edward Stone, 88, Physicist Who Oversaw Voyager Missions, Is Dead
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He helped send the twin spacecraft on their way in 1977. Decades and
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Work

Boeing and NASA delay Starliner astronaut return to June 22, nearly
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NASA announced Friday that Boeing's Starliner capsule "Calypso" will
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Luxury homes on these beaches are losing value fast, as effects of
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Jared Kushner's post-White House deal-making included badly timed bet
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Shortly after leaving the Trump White House, Jared Kushner was putting
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'Good Days and Bad Days': Princess of Wales Gives Update on Cancer
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In a message to the public, Catherine said she would attend King
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Wording in the summits final statement led to a diplomatic tug of war,
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The Woman Who Could Smell Parkinson's
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She first noticed the scent on her husband. Now her abilities are
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The abrupt arrival of summer will bring stifling temperatures from
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The Supreme Court Rejected the Ban on Bump Stocks
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Both Walt Disney Animation and Pixar struggled to regain a foothold at
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Adobe shares surge 15% for sharpest rally since 2020
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[[link removed]}&lead=419599&emailid=17777&nl=daily]
Adobe reported better-than-expected earnings and revenue, lifting the
stock to its biggest gain in more than four years.

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Google-backed Tempus AI closes first day of trading up 9% in Nasdaq
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Tempus AI rose by as much as 15% on Friday after the health-care
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offering range.

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Microsoft to delay launch of AI Recall tool due to security concerns
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[[link removed]}&lead=419599&emailid=17777&nl=daily]
Recall will shift from being a "broadly available" tool to a preview
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These are the stocks posting the largest moves in midday trading.

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IRS: Taxpayers may avoid a penalty by making a second-quarter
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[[link removed]}&lead=419599&emailid=17777&nl=daily&hashtags=tradebriefs&via=TradeBriefs]  
[[link removed]}&lead=419599&emailid=17777&nl=daily]
The second-quarter estimated tax deadline is June 17, and you could
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French stocks take beating, risk premium rises under specter of
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[[link removed]}&lead=419599&emailid=17777&nl=daily]
The country's blue-chip index is heading for its worst week in more
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analysts say
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Taylor Swift's record-shattering Eras Tour is continuing to
supercharge local economies during its U.K. leg, potentially impacting
future interest rates.

Work

Taking a vacation from work may soon become mandatory
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More employers are considering mandatory vacation, full office
shutdowns and other ways to get workaholic employees to take a break.

Work

Cyril Ramaphosa re-elected as South Africa's president
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Leader gets second term after winning vote just hours after ANC and
Democratic Alliance agreed coalition deal

Work

Pro-Palestinian Canadian students' post for 'teach-in' features masked
guerrillas
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Zionist group claims antisemitism as McGill University students
advertise revolutionary summer program at protest camp

Work

Dozens of Sydney's asbestos-contaminated sites not cleaned up six
months after first discovery
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EPA refuses to name untreated sites but says all schools and hospitals
have been cleaned as it continues criminal investigation into
contamination

Work

Life saving lessons: multicultural leaders urge education in 'second
language' of water safety after latest drownings
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Over one-third of drowning victims in Australia are born outside the
country, which leaders say is due to a lack of awareness

Work

Australian banks to alert customers on interest rate moves under
changes to get savers better deals
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Move comes after consumer watchdog found banks were using pricing
strategies that were highly complex or took advantage of the tendency
to set and forget

Work

Electoral shake-up leaves awkward questions for the teals ? and
headaches for the major parties
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Liberal party now has candidates preselected for seats that no longer
exist while Labor dealt a blow in the seat of Bennelong

Work

Sunak praises 'fantastic' Meloni as G7 launches bid to halt
people-smuggling
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UK prime minister says he sees eye-to-eye with his Italian counterpart
on issue of migration

Work

Italy denies removing LGBTQ and abortion references from G7
declaration
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Final communique omits references to protection of gender identity and
sexual orientation, and to safe abortion access

Work

French stock market plummets amid fears of far right election win
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CAC 40 index has its worst week since March 2022 after Macrons
decision to call snap elections

Work

Vladimir Putin issues fresh demands to Ukraine to end war
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Russian presidents new ultimatum comes as foreign envoys meet in
Switzerland to discuss western-led peace plan

Work

US imposes sanctions on 'extremist Israeli group' for blocking Gaza
aid
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US says Tsav 9 activists have blockaded key crossing, set trucks on
fire and injured drivers as hunger spreads inside Gaza

Work

'No one has any idea' how many Israeli hostages are alive, says Hamas
official
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Osama Hamdans comments signal groups position on ceasefire proposal
remains largely unchanged

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