When AI can sit in a large chair and make money off the backs of others all day
Arguably this is the only thing AI can do. Would AI even exist if not for the huge datasets derived from other people’s hard work? All the money AI will generate is based exclusively off the backs of others.
It seems to be a feature that many techbros and financebros share: they all have incredibly punchable faces.
Inflation in the UK didn’t really go into overdrive until Russia invaded Ukraine and caused a spike in oil and gas prices, which fed through to every other part of the economy because literally everything uses oil and/or gas at some point in the supply chain.
I’m sure someone else can do a much, much better explanation than I can, but… As I understand it, it comes from the perception that inflation is driven by a “too much demand” problem (ie, too much money in the system chasing the same amount of goods), and by raising interest rates they discourage spending and encourage saving, both serving to reduce demand.
Obviously there are valid questions about whether raising interest rates to deal with a “not enough supply” problem actually helps or causes more harm - and given that the current inflation was initiated by Russia’s invasion of Ukraine, which resulted in supply disruptions. The problem was not a surplus of money, but a deficit of goods. And, of course, a lot of things most hit by inflation are impossible to meaningfully reduce demand for, like food and electricity.
I have suspected for a while that raising interest rates to deal with inflation is largely a “when all you have is a hammer, everything looks like a nail” situation: the Bank of England only has one tool - changing interest rates - so when faced with a problem, the only thing they can do is raise or lower interest rates.
What about a WYSIWYG editor app like Dreamweaver? I don’t know if there’s any good free ones any more though, now that FrontPage Express is gone.
So weirdly enough, I posted about this earlier today in a different community. My use-case is different to OP’s, so I don’t think any of the options I’m investigating now would suit them, but the long and short of it is free, standalone WYSIWYG editors are really few and far between now.
I don’t fear ATMs. Just pointing out that if you’re going to every single ATM in your entire town and putting your card in every single one, you’re massively increasing your chances of having your card skimmed. Consumer protections are all very well for fixing the damage after the fact, but it doesn’t change the fact that you’re spending time and energy getting it sorted out.
You don’t trust the bank’s app because of who they might have outsourced the code to, but you will trust that the ATMs haven’t been tampered with by criminals? Because the latter is by far more common than the exploitation of a security hole in a banking app.
I think what annoys me most is that I have been trying to educate myself on what I need to do before I travel, and so much necessary information just isn’t available in a logical place. Like why, for example, does my country’s government’s travel advice page have some information (check vaccinations are up to date) but not others (check bank knows where you’re going)? Even for a decently intelligent person who proactively tries to educate themselves, it feels like a losing battle against poorly organised information.
I’m finding your hostility towards me to be completely unnecessary. Unless there is someone here that works for a bank, you’re not going to get a solid answer, only people’s best guesses. I have offered you the most likely explanation. Getting angry at me for that is not in keeping with the rules of the Beehaw community.
It’s been more than 15 years since I last travelled abroad, but I’ve now got a holiday booked next July. It genuinely hadn’t occurred to me that I’d need to tell the bank I’m going, because I actually haven’t received any advice to do so. It’s not as common knowledge as you think it is. Thankfully, I’m now aware of the need to do so, so I will. But it’s not in any of the confirmation emails for the tickets, nor on the government’s travel advice pages (which I have checked, and started organising things like updating a couple of my vaccinations.)
Nevertheless, I agree it ought to be opt-in, rather than mandatory. Everybody should get to make the choice, even if it means occasionally they get stranded abroad with no access to money.
The AI-driven fraud detection system is probably more accurate when the other transactions on the account support the questioned transaction. If there’s a bunch of transactions in a city/country you’ve never been to before, the fraud detection algorithm can come to two conclusions: either you have travelled there, or someone has cloned your card. If there’s a transaction showing you bought tickets to that city/country for the same dates that transactions happen within that city/country, that’s evidence to support one decision over the other on the algorithm’s part.
The prevention of crime and fraud is a valid exception to GDPR, and it being the bank’s problem entitles them to request the data from the airline/train company/whatever.
Like I said, I don’t agree with the quantity of data being shared here, but let’s face it, if you travel to another place and use your card there, then your bank are going to know you’re there. If you use your card to buy foreign currency, they’re going to know you’re going to that country. So as a general principle, I don’t think a travel company sharing the dates and destination really makes any difference.
Seconding the guess that it’s so your card doesn’t get frozen. If your bank knows you’re meant to be in a specific place, they’ll know transactions happening there aren’t because someone’s stolen your card. It would probably be a valid exception to GDPR on those grounds.
In fact, now you mention it, I’m guessing this is why my credit card company never raised any issue with me using the card in London a couple months ago, after buying train tickets to London on the same card. I thought that was odd, given they regularly ask me for 2FA on transactions that aren’t unusual, but suddenly being halfway across the country wasn’t flagged as being even remotely suspicious.
That said, I think the amount of information being given here does seem excessive. Just letting your bank know the destination and dates ought to be sufficient for security purposes. For data protection, it would be better if the airline said nothing, and your bank waited for you to tell them when and where you’re travelling… but how many people would remember to do that?
Even a lot of European countries don’t tax the wealthy as much as they could/should! The public services and infrastructure tend to be funded by a higher tax burden on the lower and middle classes, combined with borrowing (for example, France). And the UK is absolutely terrified that all the rich people would leave if they had to pay their fair share. Given their rentier capitalism contributes virtually nothing to productivity or public services, I think we should call their bluff.
I’d love to see a study into what happens in countries that raise taxes on the rich. Do they all leave, as they constantly threaten to if taxes are raised? Do they find ways to dodge it? Or do they just pay it and life carries on?
There’s also the risk that the AI might decide that the best way of testing the company’s new product is to unleash it on the general public without any safety testing or thought of the consequences. That would be an absolute disaster.