As AI takes on more tasks, what happens when people have to jump in to clean up after it?

If AI systems have been humming along nicely for weeks or months at a stretch, will the human overseeing them be able to take over when things go wrong? Sebastien Bozon/AFP via Getty ImagesImagine an artificial intelligence system that has performed reliably for months. Its recommendations are almost always right, and the employee reviewing them has learned that close scrutiny rarely changes the outcome. Then something unusual happens.

What’s behind the BBC’s funding crisis? An expert explains

In the run-up to the renewal of the BBC charter in January 2028, the corporation is facing perhaps its greatest ever funding crisis. It is staring down cost hyper-inflation across most programme genres and, unlike online-only streamers such as Netflix, it will still have to fund traditional broadcast networks until at least 2034. And of course, it will also have to pay for new digital services to keep pace with trends, especially among younger audiences.

Stop believing in haircuts - at least the way you think about them

We study how frictions impact haircut setting in repo markets. Using transaction-level supervisory data and exploiting the 2021 introduction of the binding leverage ratio requirement, we show that three frictions jointly shape haircuts in the bilateral dealer-to-client segment: dealer balance sheet constraints, collateral convenience yields, and client outside options. In collateral-driven repos, binding leverage constraints and broader client outside options both raise haircuts, while higher convenience yields push them down.

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