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Pay your taxes when you sell Bitcoin

Cryptocurrency may be some brave new world to most people, replete with it’s own rebellion rules and not understandable to eh normal masses. But not to the Internal Revenue Service. To the IRS, if you buy Bitcoin and sell it at a profit, it is just simple capital gains. And you gotta pay taxes on capital gains.
The IRS has ... (full story)


UK National Cyber Security Centre assess near-future AI-based cybercrime

The UK government’s National Cyber Security Centre, the equivalent of the US’s CISA (with elements of the FBI and CIA thrown in) has released a brief assessment of potential AI-based cyber criminal activity in the next year or two.
Whilst not surprising, it is a good overview and it has a lot of interesting and usef ... (full story)


California and Florida bars promulgate GenAI guidelines

The California Lawyers Association and the Florida Bar Association have created some AI ethics guidelines, published around the end of last year and the first of this year.
The guidelines are similar. Looks like a pretty good first stab. Of course, making rules like this is like trying to ride a comet, but here we go. As usual, ... (full story)


Extensive Stanford study finds legal AI is very bad. Surprise! (not)

Stanford University, which has given us so many of the basement-dwelling techies who do such a poor job writing AI algorithms, has done a massive study on some of the damage that they have caused--this time particularly in the legal field.
Stanford led a research team that created 200,000 legal “prompts,” which are q ... (full story)


Antitrust regulators looking at Microsoft/OpenAI relationship

So this is even more complex than the Milwaukee Bucks coaching situation, if that’s possible.
To refresh: Several months’ ago the board of OpenAI, the developer of ChatGPT, fired its founder and president, Sam Altman.
Altman is the visionary of the company who put together the technical side with the money side. ... (full story)