Joo Byung-ki, nominee for Fair Trade Commission chair, called for harsher penalties against Hyosung Group for repeated false data submissions, highlighting the need for stricter antitrust enforcement.
#YonhapInfomax #FairTradeCommission #HyosungGroup #FalseData #Antitrust #Penalties #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=80377
Joo Byung-ki Nominee Says 'Hyosung Group Should Face Harsher Penalties for Repeated Submission of False Data'

Joo Byung-ki, nominee for Fair Trade Commission chair, called for harsher penalties against Hyosung Group for repeated false data submissions, highlighting the need for stricter antitrust enforcement.

Yonhap Infomax
Prof. Emily M. Bender(she/her) (@emilymbender@dair-community.social)

If someone uses an LLM as a replacement for search, and the output they get is correct, this is just by chance. Furthermore, a system that is right 95% of the time is arguably more dangerous tthan one that is right 50% of the time. People will be more likely to trust the output, and likely less able to fact check the 5%. >>

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Toyota shares have plunged more than 5% since May 31, the last trading day before the scandal broke on June 3. Shares of Mazda saw a larger loss, falling 7.7% since May 31.

The wide-ranging inspection by the transport ministry also found that irregularities were also found in certification applications from automakers Honda, Suzuki and Yamaha Motor.

MORE DETAILS; https://myelectricsparks.com/toyota-faces-15-billion-hit-amid-safety-test-falsification-scandal/

#AutoScandal #Toyota #Mazda #Honda #Suzuki #Yamaha #StockMarket #AutomotiveNews #FalseData #CarIndustry #JapaneseAutomakers