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SoftBank's Arm aims for over $52 billion valuation in biggest US IPO of the year
SoftBank's Arm aims for over $52 billion valuation in biggest US IPO of the year
(Reuters) -SoftBank Group's Arm is seeking a valuation of more than $52 billion in its initial public offering as the
2023-09-05 19:16
AI pioneer warns Government offering little defence against threat of technology
AI pioneer warns Government offering little defence against threat of technology
One of the pioneers of artificial intelligence has warned the Government is not safeguarding against the dangers posed by future super-intelligent machines. Professor Stuart Russell told The Times ministers were favouring a light touch on the burgeoning AI industry, despite warnings from civil servants it could create an existential threat. A former adviser to both Downing Street and the White House, Professor Russell is a co-author of the most widely used AI text book and lectures on computer science at the University of California, Berkeley. He told The Times a system similar to ChatGPT – which has passed exams and can compose prose – could form part of a super-intelligence machine which could not be controlled. “How do you maintain power over entities more powerful than you – forever?” he asked. “If you don’t have an answer, then stop doing the research. It’s as simple as that. “The stakes couldn’t be higher: if we don’t control our own civilisation, we have no say in whether we continue to exist.” In March, he co-signed an open letter with Elon Musk and Apple co-founder Steve Wozniak warning of the “out-of-control race” going on at AI labs. The letter warned the labs were developing “ever more powerful digital minds that no one, not even their creators, can understand, predict or reliably control”. Professor Russell has worked for the UN on a system to monitor the nuclear test-ban treaty and was asked to work with the Government earlier this year. “The Foreign Office… talked to a lot of people and they concluded that loss of control was a plausible and extremely high-significance outcome,” he said. “And then the Government came out with a regulatory approach that says: ‘Nothing to see here… we’ll welcome the AI industry as if we were talking about making cars or something like that’.” He said making changes to the technical foundations of AI to add necessary safeguards would take “time that we may not have”. “I think we got something wrong right at the beginning, where we were so enthralled by the notion of understanding and creating intelligence, we didn’t think about what that intelligence was going to be for,” he said. We've sort of got the message and we're scrambling around trying to figure out what to do Professor Stuart Russell “Unless its only purpose is to be a benefit to humans, you are actually creating a competitor – and that would be obviously a stupid thing to do. “We don’t want systems that imitate human behaviour… you’re basically training it to have human-like goals and to pursue those goals. “You can only imagine how disastrous it would be to have really capable systems that were pursuing those kinds of goals.” He said there were signs of politicians becoming aware of the risks. “We’ve sort of got the message and we’re scrambling around trying to figure out what to do,” he said. “That’s what it feels like right now.” The Government has launched the AI Foundation Model Taskforce which it says will “lay the foundations for the safe use of foundation models across the economy and ensure the UK is at the forefront of this pivotal AI technology”. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live TikTok ‘does not want to compete with BBC for Eurovision final viewers’ Eurovision’s preparations for potential Russia cyberthreat ‘in good place’ UK-based tech company claims quantum computing ‘breakthrough’
2023-05-13 09:51
Inworld AI, the Leading Character Engine, Raises New Funding From Lightspeed, Stanford, Microsoft’s M12 Fund, First Spark (Eric Schmidt), and More, Bringing Valuation to Over $500 Million
Inworld AI, the Leading Character Engine, Raises New Funding From Lightspeed, Stanford, Microsoft’s M12 Fund, First Spark (Eric Schmidt), and More, Bringing Valuation to Over $500 Million
SAN FRANCISCO--(BUSINESS WIRE)--Aug 2, 2023--
2023-08-02 22:23
Northvolt Founder Expands Green Empire Into Heat Pumps
Northvolt Founder Expands Green Empire Into Heat Pumps
The private equity founder of unicorn green ventures like Swedish battery maker Northvolt AB is targeting residential homes
2023-06-16 14:50
What's the Average K/D in MW3?
What's the Average K/D in MW3?
The average K/D in MW3 right now is a 1.0 K/D, meaning for every kill you get, you also record a death. Here's how to check your K/D in MW3.
2023-11-16 02:21
Why does Pokimane think OnlyFans-style platforms are better for content creators amid Twitch policy change?
Why does Pokimane think OnlyFans-style platforms are better for content creators amid Twitch policy change?
Pokimane thinks content creation is becoming 'saturated,' with a plethora of streaming possibilities and far too many options
2023-06-08 18:51
Olivia Dunne sizzles in black bikini as she shares polaroids from Malibu
Olivia Dunne sizzles in black bikini as she shares polaroids from Malibu
Olivia Dunne recently returned to California and was dressed to kill for yet another occasion in a sizzling black bikini
2023-07-12 14:21
Andrew Tate’s manager says influencer has
Andrew Tate’s manager says influencer has "no respect" for Adin Ross
Andrew Tate’s manager has hit out at Adin Ross, saying he has “no respect” for the streamer. Ross has been associated with Tate since he first came to prominence last year. He was even on the visitor list while he was in custody in Romania. Now, the unnamed manager who works for Tate and his brother Tristan has spoken about him and said that he doesn't believe Ross isn’t worthy of Tate’s time. Speaking to internet personality Sneako on a podcast, the manager said: “Man I had no respect for the guy before. Sign up to our free Indy100 weekly newsletter “Look if you’re going to have access to powerful motivators and powerful clear feedback from someone like Tate and you’re still going to choose drugs, gambling, hedonism then I really couldn’t care.” The manager could be referring to Ross’s past experiences with opioid addiction, which he has been vocal about with his followers in the past. He added: “As far as I’m concerned, he’s a nothing person. As far as I’m concerned people like that don’t exist, they’re not worth my time. I don’t consume their content if you even call it that. “Those sorts of people don’t even exist in my reality, and I would encourage young men to do the same.” The two social media influencers exchanged some back-and-forth on social media last year before meeting up in Dubai to film a live stream together. After Tate's arrest, Ross went on a podcast and called his friendship with Tate "genuine" and voiced support for his friend. "People don't really understand that this all happening actually affects me because it's like, that's my friend," Ross said. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-04 20:15
Fitch Braces for More ESG Bonds as Biodiversity Goes Mainstream
Fitch Braces for More ESG Bonds as Biodiversity Goes Mainstream
Bonds tied to biodiversity goals are on track for a record-setting year and this niche area of ESG
2023-09-06 04:56
Meta launches paid-for version of Instagram and Facebook
Meta launches paid-for version of Instagram and Facebook
Meta will launch a paid-for, subscription-based version of Facebook and Instagram. The company will allow people to pay up to €13 to have no ads appear on those apps. The change has been made to comply with European Union regulations, it said. As such, it will only be available to people in the EU, the European Economic Area and Switzerland. The monthly subscription plans for users in the EU, European Economic Area and Switzerland, will cost 9.99 euros ($10.58) for web users, while iOS and Android users will have to shell out 12.99 euros a month. The difference is to account for the fees taken by Apple and Google for payments on its platforms, Meta said – a move that follows a similar price difference for Twitter’s premium offering. The EU regulations threaten to curb Meta’s ability to personalize ads for users without their consent and hurt its major revenue source. Users across the world will continue to be able to use the site for free, and will see no change to their experience as a result, Meta said. But offering the paid-for subscription version allows Meta to comply with “the requirements of European regulators”, the company said, after a recent ruling. Having the option of paying for a version of Facebook and Instagram with no ads means that people will have more clearly consented to having their data used for marketing, Meta suggested it in its announcement. That in turn means it will better comply with European regulations, it said. The world’s most popular social media network has been under antitrust pressure in the EU. In July, it lost its fight against a German data curb order as Europe’s top court backed the German antitrust watchdog’s power to also investigate privacy breaches. Offering a choice between a free, ad-supported plan and an ad-free paid subscription might lead to users opting for the former, helping Meta to comply with the regulations without affecting its ad business. Meta was fined 390 million euros earlier this year by Ireland’s Data Privacy Commissioner, and was told it cannot use the so-called “contract” as a legal basis to send users ads based on their online activity. The company later said it intended to ask users in the EU for their consent before allowing businesses to target ads in order to address evolving regulatory requirements in the region. Additional reporting by agencies Read More Threads is not dying, Mark Zuckerberg insists Letitia James and 32 other attorneys general sue Meta for ‘harming youth’ People’s Instagram posts are showing where they are not expected
2023-10-30 23:54
Update your iPhone now to fix this critical security flaw
Update your iPhone now to fix this critical security flaw
Apple has released iOS 16.6.1 and iPadOS 16.6.1, fixing two extremely dangerous security flaws in
2023-09-08 18:18
Envoy Delivers First-of-its-Kind Workplace Occupancy Analytics to Empower Bold, Informed Decision-Making
Envoy Delivers First-of-its-Kind Workplace Occupancy Analytics to Empower Bold, Informed Decision-Making
SAN FRANCISCO--(BUSINESS WIRE)--May 17, 2023--
2023-05-17 19:16