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Category: Technology

MIT study finds AI can already replace 11.7% of U.S. workforce

MIT study finds AI can already replace 11.7% of U.S. workforce

CNBC reports: Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence can already replace 11.7% of the U.S. labor market, or as much as $1.2 trillion in wages across finance, health care and professional services. The study was conducted using a labor simulation tool called the Iceberg Index, which was created by MIT and Oak Ridge National Laboratory. The index simulates how 151 million U.S. workers interact across the country and how they are affected…

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David Sacks’ power play to become America’s AI policy gatekeeper

David Sacks’ power play to become America’s AI policy gatekeeper

The Verge reports: On Wednesday, a rumor began popping up in Washington about a momentous policy change: the White House, it was said, would issue an executive order on Friday that would finally preempt state AI laws, handing over those regulatory powers to the federal government. The minute it leaked online, lawyers and policymakers began to scour every sentence of it. There was a lot about it that seemed politically unfeasible; there was even more that seemed overbroad, possibly illegal….

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Judge’s footnote on immigration agents using AI raises accuracy and privacy concerns

Judge’s footnote on immigration agents using AI raises accuracy and privacy concerns

The Associated Press reports: Tucked in a two-sentence footnote in a voluminous court opinion, a federal judge recently called out immigration agents using artificial intelligence to write use-of-force reports, raising concerns that it could lead to inaccuracies and further erode public confidence in how police have handled the immigration crackdown in the Chicago area and ensuing protests. U.S. District Judge Sara Ellis wrote the footnote in a 223-page opinion issued last week, noting that the practice of using ChatGPT to…

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Border Patrol is monitoring millions of drivers across the U.S. and detaining those with ‘suspicious’ travel patterns

Border Patrol is monitoring millions of drivers across the U.S. and detaining those with ‘suspicious’ travel patterns

The Associated Press reports: The U.S. Border Patrol is monitoring millions of American drivers nationwide in a secretive program to identify and detain people whose travel patterns it deems suspicious, The Associated Press has found. The predictive intelligence program has resulted in people being stopped, searched and in some cases arrested. A network of cameras scans and records vehicle license plate information, and an algorithm flags vehicles deemed suspicious based on where they came from, where they were going and…

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‘Big Short’ investor betting $1 billion against the AI bubble says Meta and Oracle’s accounting is hiding the brutal truth

‘Big Short’ investor betting $1 billion against the AI bubble says Meta and Oracle’s accounting is hiding the brutal truth

Fortune reports: “It’ll happen slowly, and then all at once.” That’s how Jim Morrow, founder and chief investment officer of Callodine Capital, describes the eventual – inevitable – unwinding of what he calls “the most crowded trade in history.” Of course, he isn’t just paraphrasing Ernest Hemingway—he’s talking about the AI race, and the trillion-dollar deals so overstretched they’re better described as knots than trades. And he’s not alone in sounding alarms. Michael Burry—the investor of Big Short fame who…

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Scott Galloway warns of ‘nowhere to hide’ in markets if the OpenAI story unravels

Scott Galloway warns of ‘nowhere to hide’ in markets if the OpenAI story unravels

  Fortune reports: Tech analyst and professor Scott Galloway has issued a stark warning regarding the highly inflated valuations of the Magnificent 10 mega-cap companies, asserting a financial collapse at generative AI leader OpenAI would trigger a systemic shock leaving “nowhere to hide” for investors across the global markets. Galloway, speaking on his Prof G Markets podcast, characterized the current market reliance on AI as precarious, noting AI has been responsible for 80% of the stock market returns since the…

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Tesla shareholders approve $1 trillion pay package for part-time CEO, Elon Musk

Tesla shareholders approve $1 trillion pay package for part-time CEO, Elon Musk

electrek reports: Tesla shareholders have voted once again to approve an absurd, biggest-in-history pay package for Tesla’s part-time CEO, Elon Musk. In doing so, they’ve voted to relinquish any control they could have had over the company, and instead to put it deeper into the hands of its largest saboteur. Tesla’s shareholder meeting is happening today, with several consequential proposals which shareholders have been voting on in the last several weeks. In that time, Tesla has been campaigning hard and…

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Tech billionaire Marc Andreessen bet big on Trump and it’s paying off for Silicon Valley

Tech billionaire Marc Andreessen bet big on Trump and it’s paying off for Silicon Valley

By Jake Pearson This story was originally published by ProPublica For more than a decade, Silicon Valley venture capitalists have poured enormous sums of money into newfangled technology companies seeking to disrupt, and even supplant, the traditional financial system and sidestep its burdensome regulations. At the same time, the Consumer Financial Protection Bureau has policed that effort, going after such businesses for deceiving, overcharging or otherwise taking advantage of their customers by enacting rules, filing lawsuits and shutting down the…

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How AGI has become the most consequential conspiracy theory of our time

How AGI has become the most consequential conspiracy theory of our time

Will Douglas Heaven writes: Are you feeling it? I hear it’s close: two years, five years—maybe next year! And I hear it’s going to change everything: it will cure disease, save the planet, and usher in an age of abundance. It will solve our biggest problems in ways we cannot yet imagine. It will redefine what it means to be human. Wait—what if that’s all too good to be true? Because I also hear it will bring on the apocalypse…

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Norway’s sovereign-wealth fund votes against $1 trillion compensation for Elon Musk

Norway’s sovereign-wealth fund votes against $1 trillion compensation for Elon Musk

electrek reports: A major Tesla shareholder announced that they are voting against Elon Musk’s CEO compensation package, but the odds are still in his favor. As we have been extensively reporting over the last few weeks, Tesla shareholders are set to vote on a new compensation package for Elon Musk worth up to $1 trillion. The package is highly controversial. On one hand, the board, Musk, and his fans are presenting it as an “all or nothing” situation on which…

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ICE has powerful Clearview AI facial recognition app that Illinois cops are barred from using

ICE has powerful Clearview AI facial recognition app that Illinois cops are barred from using

Chicago Sun-Times reports: The Trump administration has wiped a facial recognition policy from its website while further embracing the controversial technology and securing a $9 million contract with a company barred from selling to Illinois law enforcement agencies. The ban was the result of a lawsuit filed in Cook County that alleged Clearview AI’s massive database of photographs pulled from across the internet violated a landmark state law protecting people’s personal information. But a settlement of the case didn’t apply…

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‘No restrictions’ and a secret ‘wink’: Inside Israel’s deal with Google, Amazon

‘No restrictions’ and a secret ‘wink’: Inside Israel’s deal with Google, Amazon

+972 Magazine reports: In 2021, Google and Amazon signed a $1.2 billion contract with the Israeli government to provide it with advanced cloud computing and AI services — tools that were used during Israel’s two-year onslaught on the Gaza Strip. Details of the lucrative contract, known as Project Nimbus, were kept under wraps. But an investigation by +972 Magazine, Local Call, and The Guardian can now reveal that Google and Amazon submitted to highly unorthodox “controls” that Israel inserted into…

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Chatbots are pushing sanctioned Russian propaganda about Ukraine

Chatbots are pushing sanctioned Russian propaganda about Ukraine

Wired reports: OpenAI’s ChatGPT, Google’s Gemini, DeepSeek, and xAI’s Grok are pushing Russian state propaganda from sanctioned entities—including citations from Russian state media, sites tied to Russian intelligence or pro-Kremlin narratives—when asked about the war against Ukraine, according to a new report. Researchers from the Institute of Strategic Dialogue (ISD) claim that Russian propaganda has targeted and exploited data voids—where searches for real-time data provide few results from legitimate sources—to promote false and misleading information. Almost one-fifth of responses to…

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The myth of Israeli innovation

The myth of Israeli innovation

Rhys Machold writes: On June 4th, The Times of Israel reported that in 2024, annual Israeli arms exports had reached an all-time high of $14.8 billion, with Europe buying 54% of the weapons. The article noted that Israeli officials had previously been concerned that Western European allies may cancel weapons deals or sanction Israeli manufacturers over the country’s war of extermination in Gaza. Once the record-breaking export figures came out, however, Israel’s war ministry publicly argued the opposite, claiming that the campaign in Gaza…

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Will AI avoid the ‘enshittification’ trap?

Will AI avoid the ‘enshittification’ trap?

Steven Levy writes: As companies like OpenAI get more powerful, and as they try to pay back their investors, will AI be prone to the erosion of value that seems endemic to the tech apps we use today? Writer and tech critic Cory Doctorow calls that erosion “enshittification.” His premise is that platforms like Google, Amazon, Facebook, and TikTok start out aiming to please users, but once the companies vanquish competitors, they intentionally become less useful to reap bigger profits….

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Humans have an internal lunar clock – but light pollution is disrupting it

Humans have an internal lunar clock – but light pollution is disrupting it

Flash Vector/Shutterstock By Stefano Arlaud, Queen Mary University of London Most animals, including humans, carry an internal lunar clock, tuned to the 29.5-day rhythm of the Moon. It guides sleep, reproduction and migration of many species. But in the age of artificial light, that ancient signal is fading – washed out by the glow of cities, screens and satellites. Just as the circadian rhythm keeps time with the 24-hour rotation of the Earth, many organisms also track the slower rhythm…

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