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Sam Bankman-Fried grilled on 'cozy' relationship with Bahamas officials
Sam Bankman-Fried grilled on 'cozy' relationship with Bahamas officials
By Luc Cohen NEW YORK FTX founder Sam Bankman-Fried was grilled on Tuesday about what a U.S. prosecutor
2023-10-31 23:15
European Nations Join Island States in Calling for Fossil-Fuel Phaseout
European Nations Join Island States in Calling for Fossil-Fuel Phaseout
An influential alliance including several European countries and island states has thrown its weight behind a commitment to
2023-10-31 21:16
Cryptoverse: As good as gold? Spot bitcoin ETFs aim to whip up US demand
Cryptoverse: As good as gold? Spot bitcoin ETFs aim to whip up US demand
By Suzanne McGee Bitcoin, the original crypto rebel, is racing into the heart of the financial establishment with
2023-10-31 19:53
Britain's AI summit: what can it achieve?
Britain's AI summit: what can it achieve?
By Martin Coulter LONDON (Reuters) -Britain will host the world's first global artificial intelligence (AI) safety summit this week to
2023-10-31 19:21
Every Electric Car for Sale in the Fast-Growing UK Market
Every Electric Car for Sale in the Fast-Growing UK Market
In the evolution of the electric vehicle, the United Kingdom is like the Galapagos. The battery-powered genus is
2023-10-31 15:24
China's semiconductor state fund invests $2 billion in memory chip firm
China's semiconductor state fund invests $2 billion in memory chip firm
BEIJING China's state-backed chip investment fund has invested 14.56 billion yuan ($1.99 billion) in a memory chip company
2023-10-31 13:49
Taiwan's Powerchip chooses northern Japan for planned $5.4 billion fab
Taiwan's Powerchip chooses northern Japan for planned $5.4 billion fab
TOKYO Taiwanese chipmaker Powerchip Semiconductor Manufacturing Corp and Japanese financial firm SBI Holdings said on Tuesday they have
2023-10-31 13:21
Fortescue Buoyant on China Iron Ore as It Advances Green Pivot
Fortescue Buoyant on China Iron Ore as It Advances Green Pivot
Chinese demand for Australian iron ore will remain strong despite the nation’s disappointing post-pandemic recovery, according to Fortescue
2023-10-31 11:19
Ravaged Florida Town Becomes a Magnet for Risk-Taking Homebuyers
Ravaged Florida Town Becomes a Magnet for Risk-Taking Homebuyers
A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town. In Fort
2023-10-31 07:50
Wolfspeed jumps on upbeat quarterly forecast
Wolfspeed jumps on upbeat quarterly forecast
Chipmaker Wolfspeed on Monday forecast a smaller-than-estimated second-quarter loss as it expects a boost to its business from
2023-10-31 06:18
Why Biden is so concerned about AI
Why Biden is so concerned about AI
President Joe Biden is addressing concerns about artificial intelligence as the administration attempts to guide the development of the rapidly evolving technology. The White House said on Monday (30 October) that a sweeping executive order will address concerns about safety and security, privacy, equity and civil rights, the rights of consumers, patients, and students, and supporting workers. The order will also hand a list of tasks to federal agencies to oversee the development of the technology. ‘We have to move as fast, if not faster than the technology itself’ “We can’t move at a normal government pace,” White House Chief of Staff Jeff Zients quoted Mr Biden as telling his staff, according to the AP. “We have to move as fast, if not faster than the technology itself.” Mr Biden believes that the US government was late to the game to take into account the risks of social media, leading to the related mental health issues now seen among US youth. While AI may help drastically develop cancer research, foresee the impacts of the climate crisis, and improve the economy and public services, it may also spread fake images, audio and videos, with possibly widespread political consequences. Other harmful effects include the worsening of racial and social inequality and the possibility that it can be used to commit crimes, such as fraud. The president of the Center for Democracy & Technology, Alexandra Reeve Givens, told the AP that the Biden administration is using the tools at their disposal to issue “guidance and standards to shape private sector behaviour and leading by example in the federal government’s own use of AI”. Mr Biden’s executive order comes after technology companies have already made voluntary commitments, and the aim is that congressional legislation and international action will follow. The White House got commitments earlier this year from Google, Meta, Microsoft, and OpenAI to put in place safety standards when building new AI tools and models. Monday’s executive order employs the Defense Production Act to require AI developers to share safety test results and other data with the government. The National Institute of Standards and Technology is also set to establish standards governing the development and use of AI. Similarly, the Department of Commerce will publish guidance outlining the labelling and watermarking of content created using AI. An administration official told the press on Sunday that the order is intended to be implemented within between 90 days and a year. Safety and security issues have the tightest deadlines. Mr Biden met with staff last Thursday for a half-hour meeting that grew into an hour and 10 minutes to put the finishing touches on the order. Biden ‘impressed and alarmed’ by AI The president was engaged in meetings about the technology in the months that preceded Monday’s order signing, meeting twice with the Science Advisory Council to discuss AI and bringing up the technology during two cabinet meetings. At several gatherings, Mr Biden also pushed tech industry leaders and advocates regarding what the technology is capable of. Deputy White House Chief of Staff Bruce Reed told the AP that Mr Biden “was as impressed and alarmed as anyone”. “He saw fake AI images of himself, of his dog,” he added. “He saw how it can make bad poetry. And he’s seen and heard the incredible and terrifying technology of voice cloning, which can take three seconds of your voice and turn it into an entire fake conversation.” The AI-created images and audio prompted Mr Biden to push for the labelling of AI-created content. He was also concerned about older people getting a phone call from an AI tool using a fake voice sounding like a family member or other loved one for the purpose of committing a scam. Meetings on AI often went long, with the president once telling advocates: “This is important. Take as long as you need.” Mr Biden also spoke to scientists about the possible positive impacts of the technology, such as explaining the beginning of the universe, and the modelling of extreme weather events such as floods, where old data has become inaccurate because of the changes caused by the climate crisis. ‘When the hell did I say that?’ On Monday at the White House, Mr Biden addressed the concerns about “deepfakes” during a speech in connection with the signing of the order. “With AI, fraudsters can take a three-second recording of your voice, I have watched one of me on a couple of occasions. I said, ‘When the hell did I say that?’” Mr Biden said to laughter from the audience. Mr Reed added that he watched Mission: Impossible — Dead Reckoning Part One with Mr Biden one weekend at Camp David. At the beginning of the film, the antagonist, an AI called “the Entity”, sinks a submarine, killing its crew. “If he hadn’t already been concerned about what could go wrong with AI before that movie, he saw plenty more to worry about,” Mr Reed told the news agency. The White House has faced pressure from a number of allied groups to address possible harmful effects of AI. The director of the racial justice programme at The American Civil Liberties Union, ReNika Moore, told the AP that the union met with the administration to make sure “we’re holding the tech industry and tech billionaires accountable” so that the new tools will “work for all of us and not just a few”. Ex-Biden official Suresh Venkatasubramanian told the news agency that law enforcement’s use of AI, such as at border checkpoints, is one of the top challenges. “These are all places where we know that the use of automation is very problematic, with facial recognition, drone technology,” the computer scientist said. Read More Biden reacts to watching deepfakes of himself: ‘When the hell did I say that?’ Rishi Sunak to hold live chat with Elon Musk during AI summit Liz Truss ‘deeply disturbed’ by Sunak’s invitation to China to attend AI summit Extinction risk from AI on same scale as nuclear war, Sunak warns Revealed: Government using AI to decide on benefits and driving licences Brexit means UK can be global leader on AI, says Facebook co-founder
2023-10-31 04:27
Apple expected to unveil new Macs as PC industry slump eases
Apple expected to unveil new Macs as PC industry slump eases
By Stephen Nellis Apple is expected to unveil at an event on Monday new Mac computers and possibly
2023-10-31 03:51
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