Independent thinking for complex markets and current events
President Donald Trump signed an executive order Thursday pressuring states not to regulate artificial intelligence. Trump and some Republicans argue that the limited regulations already enacted by states, and others that might follow, will dampen innovation and growth for the technology. https://www.pbs.org/newshour/politics/watch-trump-signs-executive-order-to-override-ai-regulations-by-states
Corporate America is shedding labor under the banner of automation. Artificial intelligence is no longer a future forecast. It is a current expense reduction strategy. Major companies are laying off thousands, citing AI integration and operational streamlining as justification. The shift is sharp. The fallout is measurable. Who the fuck do they think is going …
by Martin Armstrong Governments are enacting subtle regulations over crypto. Texas has come out to demand that crypto miners report their power usage to the Electric Reliability Council of Texas (ERCOT). The state claims they need this information to regulate its volatile power grid. Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson stated that …
STRASBOURG (Reuters) -Europe moved closer to adopting the world’s first artificial intelligence rules on Wednesday as EU lawmakers endorsed a provisional agreement for a technology whose use is rapidly growing across a wide swathe of industries and in everyday life. The legislation called the AI Act will regulate foundation models or generative AI such as …
NYTIMES: F.D.A.’s Drug Industry Fees Fuel Concerns Over Influence The pharmaceutical industry finances about 75 percent of the agency’s drug division, through a controversial program that Congress must reauthorize by the end of this month. h/t C3PO-Leader