Morning Brew Daily Debt Ceiling Deal, Losing $1B in Blackjack & The Biz of TSwift
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May 30, 2023 Dive into the latest on the debt ceiling deal and its potential impacts on the economy. Explore the controversy of using AI, like ChatGPT, in legal matters and the challenges that arise. Discover why State Farm is halting home insurance sales in California amid wildfire risks. Hear about the staggering $1 billion lost by blackjack players in Las Vegas and the changing landscape of casinos. Plus, get a glimpse into the excitement of attending The Eras Tour and the latest wedding trends shaking up the industry!
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Debt Ceiling Deal Details
- The debt ceiling deal caps non-defense spending and increases it by 1% in 2024, effectively a budget cut.
- The deal also impacts food stamps, IRS funding, and environmental reviews, but is considered "unsexy" due to its minor impact on the overall debt.
ChatGPT Legal Brief Blunder
- Lawyer Stephen Schwartz used ChatGPT for a legal brief, which cited fabricated court cases.
- Schwartz admitted to using the AI, highlighting the chatbot's tendency to "hallucinate" information.
AI in Legal: Proceed with Caution
- AI chatbots have potential in legal spaces for tasks like disputing parking tickets and negotiating bills.
- However, they are not yet reliable for complex legal work, as demonstrated by the Avianca lawsuit example.