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Top Three Videos – January 23, 2024

OpenAI's Altman and Makanju on Global Implications of AI (January 16, 2024)

Bloomberg...

Summary

 

OpenAI is focused on responsible development and monitoring the impact of AI in elections and beyond, prioritizing its mission over financial gain and aiming to bridge the gap between tech companies and governments to ensure benefits for everyone.

 

 

Societal and Political Implications of AI

 
  • OpenAI’s new guidelines banning the use of GPT in political campaigns and introducing cryptographic watermarks for transparency in AI-generated images are a step towards addressing the misuse of AI in elections.
  • The societal and political implications of AI are not being fully recognized and addressed, despite the potential for significant impact.
  • This new vision of the future, where AI is a tool that magnifies what humans do, is quite exciting.
  • “The human drives are so strong and the sort of way that Society works is so strong that I think AGI will get developed in the reasonably close-ish future.”
  • The message to world leaders at Davos: “there is a trend where people feel more fear than excitement about this technology and I understand that we have to work very hard to make sure that the best version of this technology is realized.”
     

OpenAI’s Approach to AI Regulation and Ethics

 
  • OpenAI aims to be a good partner to the community, respecting artists’ wishes while also exploring new and exciting possibilities for AI in the art world.
  • The commitment of OpenAI’s team and investors to their mission, even at the risk of personal wealth, is quite unusual and remarkable.
  • The EU is on the cusp of finalizing extensive AI regulation, while the Biden Administration has issued a lengthy executive order covering the technology, showing that AI regulation is becoming a reality.
  • OpenAI’s approach to AI regulation is to encourage agencies to leverage it to do their work better, rather than just imposing restrictions.
  • The exponential progress of AI capabilities is difficult for humans to intuitively grasp, posing a challenge for regulation and ethical considerations.

Michael Hudson on Russia, Iran and the Red Sea: NATO'S War Economy Collapses (Jan. 16, 2024)...

Danny Haiphong...

Summary

 
 
Russia and China are gaining economic power and influence, while the United States is facing challenges and risks losing control in various regions, leading to a choice between austerity and prosperity.
 

Geopolitical Power Shifts

 
  • Russia and China are winning the economic fight against the United States, with Russia increasing its industrial production and China’s growth, while Europe is going into a depression due to sanctions.
  • Soft power, financial power, and regime change are the new tools of influence, not just military might.
  • The integration of Chinese and Russian industry and technology to design entire cities as technological complexes will lead to a great increase in prosperity in Eastern Asia.
  • The world is being split into two parts: the US/NATO “garden” and the rest of the world as the “jungle,” with the latter experiencing growth while the former is not.
  • The shift towards China, Russia, Iran, and the BRICS is an attempt to reverse the colonial expansion of the last five centuries.
  • The US may lose control of the Red Sea and the oil Gulf between Iran and Egypt, potentially impacting their alliances with Israel, Egypt, and Saudi Arabia.
  • The US decision to go to war with Russia in Ukraine had the exact opposite effect of what was promised, leading to political pressure and instability in the near East.
  • The United States uses disruption of foreign trade and financial systems as a bargaining chip to maintain its position as the unipolar decision maker in the international order.
  • The United States is acting as a wrecker, while other countries are in the role of builders, and the global majority is being asked to choose sides.
     

Economic Warfare and Resource Grabbing

 
  • America’s push for war with Iran is driven by the desire to grab the oil reserves of Iran, Syria, Iraq, and Libya.
  • The United States is pushing Israel to justify a huge American attack on Iran, aiming to utterly destroy it and grab its resources.
  • Public utilities run by engineers in non-neoliberalized countries are more efficient and cost-effective than privatized infrastructure in the West, leading to lower production costs and a magnetic pull of raw material suppliers in Africa and South America.
     

Global Political and Moral Influence

 
  • America’s lost foreign support and moral dominance as a result of backing the genocide and opposing any criticism of Israel within the United Nations.
  • America’s support for Israel’s bombing of Palestinians is just public relations, while in reality, America is providing the bombs and billions of dollars for Israel to continue its actions.
  • The United States is creating turmoil that is demonstrating the need for a break in economic systems and a shift towards socialism and raising living standards.

Peter St Onge: Inflation Is Back Worldwide! (Jan.21 2024)...

Wall Street Silver...

Summary

 

Inflation is on the rise worldwide, defying expectations and resembling the 1970s, and central banks may cut rates to avoid recession, potentially leading to global stagnation and stagflation.

 

  • The return of inflation is starting to look like a worldwide Affair as consumer prices across the globe wake up to out of their shallow graves.
  • Food prices in the UK have hit 20%, while other items like airfares and clothes have also seen significant increases.
  • Inflation is on the rise in Western economies, with little progress outside of energy prices.
  • Obscene government spending has continued, repurposing money for everything from diversity to global warming to random migrants.
  • The FED’s fear of the stability of the entire Financial system may be overshadowing its concern for inflation and the economy.
  • High rates were what crashed all those banks back in March, and they never really fixed it, just papered it over, potentially leading to a financial crisis not seen since the 1930s.

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