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Category: Technology

Threat to global markets: Risks posed by AI bubble and Federal Reserve losing credibility

Threat to global markets: Risks posed by AI bubble and Federal Reserve losing credibility

The Guardian reports: The Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies. Policymakers said there were also threats of a “sharp repricing of US dollar assets” if the Federal Reserve lost credibility in the eyes of global investors. It comes as Donald Trump’s continues to attack the US central bank and threaten its independence. Continued hype and optimism about…

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Elon Musk gambles billions in Memphis in a struggle to catch up on AI

Elon Musk gambles billions in Memphis in a struggle to catch up on AI

The Wall Street Journal reports: For Elon Musk, ground zero of the artificial intelligence arms race is a 114-acre tract of grass and swamp on the state line of Tennessee and Mississippi. This once-sleepy plot of land, filled with groves of water-rooted tupelo trees at its western edge, is now part of a growing empire Musk is accumulating in the Deep South, just a few miles from Elvis Presley’s homestead at Graceland. Labor crews hired by Musk’s xAI were excavating…

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How far are colleges willing to go to limit the harms caused by AI?

How far are colleges willing to go to limit the harms caused by AI?

Tyler Austin Harper writes: Since the release of ChatGPT, in 2022, colleges and universities have been engaged in an experiment to discover whether artificially intelligent chatbots and the liberal-arts tradition can coexist. Notwithstanding a few exceptions, by now the answer is clear: They cannot. AI-enabled cheating is pretty much everywhere. As a May New York magazine essay put it, “students at large state schools, the Ivies, liberal-arts schools in New England, universities abroad, professional schools, and community colleges are relying…

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Can the Trump regime ban apps that track ICE agents?

Can the Trump regime ban apps that track ICE agents?

BBC News reports: The US government and law enforcement agencies have hit out at developers and users of apps which track Immigration and Customs Enforcement (ICE), arguing they threaten the lives of agents. The FBI says the man who targeted an ICE facility in Dallas – killing two detainees – had used these types of apps to track the movements of agents and their vehicles. A tracking app downloaded more than a million times that shows the movements of immigration…

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AI-generated social media has arrived ‘where seeing is not believing’

AI-generated social media has arrived ‘where seeing is not believing’

NPR reports: A fascist SpongeBob SquarePants, a dog driving a car and Jesus playing Minecraft – these are just a few of the things you can see as you flip through OpenAI’s new app populated exclusively with short-form videos generated using artificial intelligence. And if you can’t find what you’re looking for, don’t worry: you can make it with ease using a small text-based prompt window in the app. The result is a highly addictive stream of sometimes funny and…

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At least 15 million YouTube videos have been snatched by AI companies

At least 15 million YouTube videos have been snatched by AI companies

Alex Reisner writes: When Jon Peters uploaded his first video to YouTube in 2010, he had no idea where it would lead. He was a professional woodworker running a small business who decided to film himself making a dining table with some old legs he had found in a barn. It turned out that people liked his candid style, and as he posted more videos, a fan base began to grow. “All of a sudden there’s people who appreciate the…

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AI data centers are sending electric bills soaring

AI data centers are sending electric bills soaring

  AI needs a lot of energy — and a new Bloomberg investigation has found that those soaring costs are being passed on to consumers who live near data centers. On today’s Big Take podcast, host David Gura talks to Bloomberg reporters Josh Saul and Leonardo Nicoletti about the AI boom’s impact on power bills, how utility companies are handling surging demand and the implications for communities with centers in their backyards.

The Trump regime runs on tech accelerationism

The Trump regime runs on tech accelerationism

Jacob Metcalf writes: United States President Donald Trump has notoriously never used a computer or had an email address, yet is proximally responsible for an unprecedented, rapid, and dangerous technological transformation of the federal government. The speed and drama of the first months of the second Trump administration are inextricably linked with technology, from executive orders intended to clear any obstacle to industry’s efforts to advance artificial intelligence, to the increased use of surveillance technologies to scrutinize visa holders and…

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Microsoft blocks Israel’s use of some of its AI and data services in mass surveillance of Palestinians

Microsoft blocks Israel’s use of some of its AI and data services in mass surveillance of Palestinians

The Guardian reports: Microsoft has terminated the Israeli military’s access to technology it used to operate a powerful surveillance system that collected millions of Palestinian civilian phone calls made each day in Gaza and the West Bank, the Guardian can reveal. Microsoft told Israeli officials late last week that Unit 8200, the military’s elite spy agency, had violated the company’s terms of service by storing the vast trove of surveillance data in its Azure cloud platform, sources familiar with the…

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Manufacturing mediocrity: AI-generated ‘workslop’ is destroying productivity

Manufacturing mediocrity: AI-generated ‘workslop’ is destroying productivity

Harvard Business Review reports: A confusing contradiction is unfolding in companies embracing generative AI tools: while workers are largely following mandates to embrace the technology, few are seeing it create real value. Consider, for instance, that the number of companies with fully AI-led processes nearly doubled last year, while AI use has likewise doubled at work since 2023. Yet a recent report from the MIT Media Lab found that 95% of organizations see no measurable return on their investment in…

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Tech got what it wanted by electing Trump. A year later, it looks more like a suicide pact

Tech got what it wanted by electing Trump. A year later, it looks more like a suicide pact

Steven Levy writes: For decades, Mark Lemley’s life as an intellectual property lawyer was orderly enough. He’s a professor at Stanford University and has consulted for Amazon, Google, and Meta. “I always enjoyed that the area I practice in has largely been apolitical,” Lemley tells me. What’s more, his democratic values neatly aligned with those of the companies that hired him. But in January, Lemley made a radical move. “I have struggled with how to respond to Mark Zuckerberg and…

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Is AI throwing climate change under the bus?

Is AI throwing climate change under the bus?

  Spoiler alert: Yes, AI is bad for the climate. AI’s computing power relies on massive data centers that use enormous amounts of electricity and water. The Trump administration wants that energy to come from burning fossil fuels, rather than renewable sources. Where does that leave the climate and communities caught in the crosshairs? Inside Climate News executive editor Vernon Loeb sits down with Dan Gearino, ICN’s clean energy reporter; Arcelia Martin, who covers renewable energy in Texas; and Alabama…

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How gaming platforms have become hidden incubators for extremism

How gaming platforms have become hidden incubators for extremism

Axios reports: While policymakers and headlines have traditionally zeroed in on Instagram, Facebook, YouTube, TikTok and X, young people are increasingly gathering on gaming platforms — and having conversations that are typically anonymous and largely invisible to the outside world. Why it matters: Spaces like Discord, Roblox and Steam — built for gamers to connect — have evolved into the social discourse hubs where authentic interactions happen, as mainstream apps chase virality instead. Now, these gaming platforms are drawing new scrutiny…

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ICE just spent millions on surveillance technology that was banned by Facebook

ICE just spent millions on surveillance technology that was banned by Facebook

Forbes reports: In 2021, Meta banned a surveillance company called Cobwebs from gathering intelligence across all its platforms. Its security staff had discovered Cobwebs, founded by former members of Israel’s elite cyber intel agencies, was using hundreds of accounts to snoop on Facebook and WhatsApp users, many of them activists, opposition politicians and government officials in Hong Kong and Mexico. Since then, ICE has spent over $5 million on the company’s tools, with one $2 million purchase made this week…

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The emerging teen-health crisis caused by AI

The emerging teen-health crisis caused by AI

Kaitlyn Tiffany and Matteo Wong write: On Tuesday afternoon, three parents sat in a row before the Senate Judiciary Subcommittee on Crime and Counterterrorism. Two of them had each recently lost a child to suicide; the third has a teenage son who, after cutting his arm in front of her and biting her, is undergoing residential treatment. All three blame generative AI for what has happened to their children. They had come to testify on what appears to be an…

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The struggle for attention in an age of distractions

The struggle for attention in an age of distractions

Nathan Heller writes: On a subway train not long ago, I had the familiar, unsettling experience of standing behind a fellow-passenger and watching everything that she was doing on her phone. It was a crowded car, rush hour, with the dim but unwarm lighting of the oldest New York City trains. The stranger’s phone was bright, and as I looked on she scrolled through a waterfall of videos that other people had filmed in their homes. She watched one for…

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