ChatGPT- Hallucinations, Lies, Negotiations

Glen speaks with veteran journalist Michael Lev about the supply chain expert’s recent encounter with Chat GPT in which the platform confessed to making stuff up. Also- more on deposit outflows and the sketchy definition of a “small bank.” (Gordon Lightfoot soundtrack optional)

Links related to this episode:

MxD’s Chain Mail newsletter, and Mike’s tale of ChatGPT’s “hallucination”: https://mailchi.mp/mxdusa.org/chainmail-package-delivery-blues

Reuters’ coverage on how the much-hyped “deposit outflows” only affected a small group of “super-regionals”: https://www.reuters.com/markets/us/deposit-outflows-after-svb-collapse-concentrated-among-super-regionals-ny-fed-2023-05-11/

New York Fed research underpinning Reuters’ story: https://libertystreeteconomics.newyorkfed.org/2023/05/bank-funding-during-the-current-monetary-policy-tightening-cycle/

Last week’s BIGCast featuring retired Fed executive Rich Oliver on the latest Payments Study, and a look at deposit insurance hysteria: https://www.big-fintech.com/Media?p=payments-then-and-now

Glen’s blog on key takeaways from the Fed’s Payments Study: https://www.big-fintech.com/Media?p=a-belated-christmas-gift-new-fed-payments-data

Join us Wednesday May 24 at 3pm ET/Noon PT for the latest edition of the CU Digital Town Hall, a live, lively and interactive meeting of industry leaders sharing best practices on the top issues impacting the credit union movement. Moderated by John Best of BIG and Mike Lawson of CU Broadcast: https://www.cutownhall.com/

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