Michael Salinger and Sean Durkin worked with The Clearing House, an association of 24 of the largest US banks, to make a presentation to the Antitrust Division about its new Real Time Payment System. The Antitrust Division subsequently issued a business letter indicating that it had no intention of challenging the system or the rules and payments underlying it as antitrust violations.
What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...