You have to be retarded to give AI direct access to your bank accounts. The fact that this technology was invented 10 seconds ago and already so many people are willing to just hand their entire lives over to it and make themselves completely dependent on it and vulnerable to it is so unbelievably depressing but also not shocking.
There’s a world of difference between user-authorized agents (Muse, Instinct, Grokbot, etc.) and true unauthorized/rogue agents that could constitute cyberattacks.
Most of the activity described in the Axios story appears to be the former: customers sharing credentials with agents so they can take actions on their behalf. This may violate bank terms requiring humans to log in themselves, but these are in no way cyberattacks.
The direction banks should go is to support user-directed agents. For example, Amex is an authorized connection in Muse, making it easy for users to grant, limit, and revoke access.
Read-only permission levels are a sensible interim step. Several banks already support or are moving toward them. Full write access (with user credentials) is a different risk category and should be approached carefully.
Frightening the public by blurring the line between user-authorized agentic behavior and cyberattacks is irresponsible.
We’ve made childhood safer and more comfortable than ever, then made parenting feel harder by trying to manage every minute of it. Maybe the problem isn’t that kids need more from their parents. Maybe we’ve forgotten how much they can do for themselves.
Maybe $2B settled or cut on appeal and years from now.
Maybe $5B if Meta pays up to kill the copycat template before other states file.
Windfalls are the worst-spent money in government. Will be spent politically, fast, with no return test at all.
Bureaucracy’s favorite trick: take money from the highest-return capital allocators in the economy and blow it on buying votes.
Being 10x more involved with your kid than your parents ever were with you, while somehow feeling 100x more guilty about falling short, is the official millennial parenting experience.
@StefanMolyneux We’ve made childhood safer and more comfortable than ever, then made parenting feel harder by trying to manage every minute of it. Maybe the problem isn’t that kids need more from their parents. Maybe we’ve forgotten how much they can do for themselves.
EXCLUSIVE: Joel Kaplan leaving Meta after 15 years as policy chief
CEO Mark Zuckerberg tells Axios: "Joel has worked on virtually every tough issue Meta has faced for more than 15 years." https://t.co/PwhcKMDnpo
@JSymon86@HedgeyeComm Overly simplified - $META is about to be an Anthropic but with an ads business that prints.
I think the IPO absolutely has a real-world implications.