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Extra! SwissLeaks In The Spotlight

Geneva-based daily Le Temps features on its Monday front page an ominous-looking photo of HSBC's Geneva headquarters together with the headline "What the Falciani files reveal," referring to the latest developments in the giant tax evasion scheme led by the world’s second largest bank, HSBC via its Swiss subsidiary, HSBC Private Bank.

According to a report prepared by the Washington-based International Consortium of Investigative Journalists that was released Sunday, the Falciani files, potentially the biggest banking leak in history, are shedding light on some 30,000 accounts — some belonging to high-profile business figures, celebrities and even royalty like King Mohamed VI of Morocco — holding almost $120 billion in assets.

The large-scale fraud came to light when self-described whistleblower Hervé Falciani, a computer technician for HSBC, fled to France in 2008 with five disks of confidential information.

Read more about the SwissLeaks here, from Bloomberg.

ABOUT THE SOURCE: Based in Geneva,Le Temps is a top French-language daily in Switzerand. It was founded in 1998 as a merger among various newspapers: Journal de Geneve, Gazette de Lausanne and Le Nouveau Quotidien.

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Future

Hey ChatGPT, Are You A Google Killer? That's The Wrong Prompt People

Reports that the new AI natural-language chatbot is a threat to Google's search business fails to see that the two machines serve very different functions.

Photo of bubbles exploding

Mind blowing power

DeepMind
Tristan Greene

Since OpenAI unveiled ChatGPT to the world last November, people have wasted little time finding imaginative uses for the eerily human-like chatbot. They have used it to generate code, create Dungeons & Dragons adventures and converse on a seemingly infinite array of topics.

Now some in Silicon Valley are speculating that the masses might come to adopt the ChatGPT-style bots as an alternative to traditional internet searches.

Microsoft, which made an early $1 billion investment in OpenAI, plans to release an implementation of its Bing search engine that incorporates ChatGPT before the end of March. According to a recent article in The New York Times, Google has declared “code red” over fears ChatGPT could pose a significant threat to its $149-billion-dollar-a-year search business.

Could ChatGPT really be on the verge of disrupting the global search engine industry?

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