US Government Taking Steps to Regulate Rapidly Evolving AI Technology
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
US Government Taking Steps to Regulate Rapidly Evolving AI Technology
US Government Taking , Steps to Regulate Rapidly , Evolving AI Technology.
Associated Press reports that the Biden administration is
looking to require major developers of artificial intelligence
to make safety test results available to the government.
.
Associated Press reports that the Biden administration is
looking to require major developers of artificial intelligence
to make safety test results available to the government.
.
On January 29, the White HouseAI Council is
scheduled to review an executive order that
President Joe Biden signed into law three months ago.
On January 29, the White House AI Council is
scheduled to review an executive order that
President Joe Biden signed into law three months ago.
The order, meant to manage the rapidly evolving
technology, mandated under the Defense
Production Act that AI companies share
information with the Commerce Department.
According to Ben Buchanan, the White House's
special adviser on AI, the government is looking , "to know AI systems are safe before they’re
released to the public — the president has been
very clear that companies need to meet that bar.”.
According to Ben Buchanan, the White House's
special adviser on AI, the government is looking , "to know AI systems are safe before they’re
released to the public — the president has been
very clear that companies need to meet that bar.”.
AP reports that AI developers currently do not have
to comply with a common standard for safety tests.
.
Part of the executive order signed in October looks
to have the National Institute of Standards and
Technology develop a framework for assessing AI safety.
AI has quickly raised concerns regarding
economic and national security risks with
the release of advanced AI tools like ChatGPT.
So far, nine federal agencies have completed
risk assessments of AI's potential threat
to critical national infrastructure.
.
At the same time, the government has dialed up
its efforts to bring more AI experts and other
data scientists into federal agencies.
We know that AI has transformative effects
and potential.
We’re not trying to upend
the apple cart there, but we are trying
to make sure the regulators are
prepared to manage this technology, Ben Buchanan, White Housespecial adviser on
Artificial Intelligence, via Associated Press
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Credit: euronews (in English) Duration: 11:46Published
The world's first known combat between a human pilot and a fighter jet controlled by AI has been carried out in California, the US military has said. Sky News
Musicians Sign Open Letter , Warning About AI Threat to Artists.
The Artists Rights Alliance and approximately 200 musicians such as Billie Eilish, Katy Perry and Nicki Minaj released the open letter, according to 'The Hollywood Reporter.'.
The Artists Rights Alliance and approximately 200 musicians such as Billie Eilish, Katy Perry and Nicki Minaj released the open letter, according to 'The Hollywood Reporter.'.
The Artists Rights Alliance and approximately 200 musicians such as Billie Eilish, Katy Perry and Nicki Minaj released the open letter, according to 'The Hollywood Reporter.'.
The letter calls on developers of digital music to "cease the use of artificial intelligence (AI) to infringe upon and devalue the rights of human artists.".
The campaign draws attention to how AI developers use musical works without permission to create AI "copycats.".
Working musicians are already
struggling to make ends meet in the
streaming world, and now they have
the added burden of trying to compete
with a deluge of AI-generated noise. , Jen Jacobsen, executive director of the ARA, via statement.
The unethical use of generative
AI to replace human artists will
devalue the entire music ecosystem —
for artists and fans alike, Jen Jacobsen, executive director of the ARA, via statement.
Others artists who signed the open letter include Camila Cabello, Sam Smith, Jon Bon Jovi.
Others artists who signed the open letter include Camila Cabello, Sam Smith, Jon Bon Jovi.
Others artists who signed the open letter include Camila Cabello, Sam Smith, Jon Bon Jovi.
Norah Jones, Chuck D.
Norah Jones, Chuck D.
Kate Hudson, Pearl Jam and R.E.M.
Kate Hudson, Pearl Jam and R.E.M.
Kate Hudson, Pearl Jam and R.E.M.
Make no mistake: we believe that, when
used responsibly, AI has enormous potential
to advance human creativity and in a manner
that enables the development and growth
of new and exciting experiences for
music fans everywhere. , Via open letter.
Unfortunately, some platforms and
developers are employing AI to sabotage
creativity and undermine artists,
songwriters, musicians and rightsholders, Via open letter.
We must protect against the predatory
use of AI to steal professional artists’
voices and likenesses, violate creators’
rights, and destroy the music ecosystem. , Via open letter
Credit: Wibbitz Top Stories Duration: 01:31Published
As AI redefines the nature of conflict, from the streets of Gaza to the battlegrounds of Ukraine, it's imperative to address its impact on global peace. Join us as we delve into the role of artificial intelligence in modern warfare and explore the urgent need to prioritize peace on the international agenda. From autonomous drones to cyber warfare, discover how AI is shaping the future of war and what it means for the prospects of global governance and peacebuilding efforts.
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Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
March Retail Sales , Exceeded Expectations.
New Commerce Department data surprised
some analysts on April 15, 'The Hill' reports. .
The agency's latest estimates indicate
that March retail sales increased by 0.7%.
They were only expected
to rise 0.3% last month.
While sales exceeded estimates for March, the jump
was still below the 0.9% increase in February.
Compared to the same time last year, total sales
for the first three months of 2024 were up 2.1%.
On April 10, the Labor Department released data showing that inflation rose last month. .
The consumer price index (CPI)
increased 0.4% in March and 3.5% annually.
In February, consumer prices
increased 3.2% year-over-year. .
Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
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