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Elon Musk To Do A Live Interview With UK PM Rishi Sunak

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On Thursday evening, Elon Musk and UK Prime Minister Rishi Sunak will hold a live interview.

Before this meeting, the tech tycoon is set to attend a global forum on artificial intelligence.

The summit, which will take place in Bletchley Park, aims to bring together AI scientists and global leaders to discuss the possible threats of artificial intelligence.

US Vice President Kamala Harris and European Commission President Ursula von der Leyen will attend the event.

The BBC knows that Open AI’s Sam Altman and Meta’s Nick Clegg, among others, will attend the gathering.

At least two of AI’s so-called godfathers will be in attendance.

Yoshua Bengio has confirmed his attendance to the BBC. Prof Yann LeCun, Meta’s main AI scientist, is also expected to attend.

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Elon Musk To Do A Live Interview With UK PM Rishi Sunak

In contrast to the other godfathers, Mr. LeCun has called concerns about AI posing a threat to humans “ridiculously preposterous” and has criticized the meeting on X (previously Twitter).

Mr Sunak wrote on X, “In conversation with Elon Musk.” Following the AI Safety Summit. Thursday evenings on X.”

According to internal letters first published by Fortune, X, which Mr Musk purchased for $44 billion (£36 billion), is now worth $19 billion.

In June, Mr Musk started his own AI venture, xAI. He was also an early supporter of OpenAI but later left the company.

Rishi Sunak may be heading into a lion’s den by agreeing to a live-streamed conversation with Elon Musk on Musk’s platform, X.

Musk has not yet spoken out about the UK’s new Online Safety Act, which has only recently received Royal Assent, but X is bound by its laws, which may not sit well with the self-proclaimed “free speech absolutist.”

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Elon Musk To Do A Live Interview With UK PM Rishi Sunak

What Musk says and what he does are sometimes in sync: he has called for a halt in AI development while also registering his own AI company and allegedly purchasing massive numbers of the requisite specialty chips.

He will have strong opinions about how AI should proceed. He has a vast following, but he is not an elected official in any country, and no government or global coalition should be completely dependent on him.

Recent breakthroughs in artificial intelligence have been hailed as revolutionary but also hazardous, even posing a threat to civilization. It has the potential to cause widespread employment losses and to amp up disinformation.

On Monday, US President Joe Biden issued an executive order requiring AI developers to share their safety findings with the US government.

Mr Musk, on the other hand, may argue that the US and other countries should go even further.

He signed an open letter in March calling for a halt to “Giant AI Experiments.”

Mr Musk told the BBC in April that he has been concerned about AI safety for over a decade.

“I think there should be a regulatory body established for overseeing AI to make sure that it does not present a danger to the public,” he added.

aMr. Musk has also taken on AI businesses over the data they use to train chatbots – software that learns how humans interact by scraping massive amounts of data from diverse sources to fuel its expertise and interaction styles.

SOURCE – (BBC)

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Canadian Man Arrested for TikTok Video That Threatened Trudeau

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Andrew Marshall TikTok video
Marshall is facing two counts of uttering threats - CBC Image

A TikTok video that went live earlier this week has led to a Toronto man facing charges of threatening Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland. Andrew Marshall, 61, is facing two counts of uttering threats.

On Friday afternoon, the Ontario Court of Justice granted him bail with a surety and restrictions after the RCMP charged him on Wednesday.

Following Monday’s upload to TikTok, CBC Toronto conducted its own independent investigation of the video. Marshall vehemently opposes what he perceives as restrictions on free expression in Canada in it.

“I get them taken down all the time— I make videos — or all my comments, that are just simple comments,” Marsh says in the TikTok. “It’s just getting ridiculous, Marshall said.”

According to the CBC more and more people are threatening politicians. The commissioner of the RCMP has hinted that further measures may be necessary to ensure their safety.

In the TikTok video, Marshall explains in great detail how he would brutally assassinate Trudeau and Freeland “if it was up to him.”

Marshall attacks multiple groups throughout the roughly 11-minute TikTok video, including the media, Muslims, migrants, and the police who defend the government.

Among Marshall’s bail terms are the following: he must not communicate with Trudeau or Freeland; he must not use the internet to make social media posts or comments; he must not own any weapons; and he must not apply for a firearms permit.

During the bail hearing, the prosecution provided all of the evidence that is often not published.

Nate Jackson, Marshall’s attorney, stressed his client’s liberties and privileges as a Canadian in an email message.

“He has the right to freedom of speech, the right to reasonable bail and the right to a fair trial,” he said. “Having secured his release from custody, we will continue to defend Mr. Marshall’s Charter rights as his case proceeds.”

Neither Freeland’s nor the prime minister’s office would comment on the allegations, according to the CBC.

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Canada’s Unemployment Rate Hits its Highest Point Since 2017

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Canada's unemployment rate rose to 6.6 per cent in August - FIle Image

As the job market remains dismal, the national unemployment rate in Canada has risen to its highest point since 2017. This has led some analysts to question whether the Bank of Canada should be reducing interest rates more quickly.

In spite of a net gain of 22,000 jobs, Statistics Canada reported on Friday that the unemployment rate increased to 6.6% from 6.4% the previous month. The rise was due to an uptick in part-time employment and a fall in full-time employment.

Outside of the pandemic years, the national unemployment rate has reached its highest position since May 2017, according to StatCan.

Rapid population expansion in Canada has increased the overall labour pool, but the country’s unemployment rate has persisted in rising.

The summer job market was especially tough for students, according to StatCan. Not including the pandemic, the unemployment rate among students going back to school in the autumn was 16.7 percent, which is the highest level since 2012.

Canada Unemployment August 2024

Two days after the Bank of Canada dropped interest rates for the third time in a row, reducing borrowing costs to alleviate economic pressure, the most recent reading of the Canadian job market follows suit.

According to TD Bank economist Leslie Preston, who wrote a note on Friday, the central bank is “giving the OK” to keep dropping rates due to the bad August jobs report. Preston predicts two more quarter-point decreases at the remaining decisions this year.

According to CIBC senior economist Andrew Grantham, there are indications that the labour market is quickly contracting more than initially thought, since the unemployment rate is nearly two percentage points greater than the record low of 4.9% in June 2022.

“Due to this, we believe the Bank should be contemplating a quicker rate of reductions in order to bring interest rates to less restrictive levels,” he informed clients in a letter on Friday morning.

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US Job Growth Falls Short of Expectations: Economy Struggles Under High Interest Rates

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US Job Growth Falls Short of Expectations: Economy Struggles Under High Interest Rates

Last month, job growth in the United States was weaker than predicted, prompting concerns that the world’s largest economy is beginning to struggle under the weight of increased interest rates.

The Labour Department said that employers added 142,000 jobs in August, which was less than the nearly 160,000 economists predicted. It also stated that job gains over the preceding two months were weaker than expected.

However, the jobless rate went down to 4.2%, down from 4.3% in July.

The report is one of the most important indicators of the US economy and arrives at a vital time, as voters consider presidential candidates for the November election and the US central bank contemplates its first interest rate decrease in four years.

Analysts said the latest statistics kept the Federal Reserve on pace for a rate drop at its meeting this month, but did little to answer worries about the trajectory of the US economy or how much of a cut it should make.

“There has rarely been such a make-or-break number; unfortunately, today’s jobs report does not completely resolve the recession debate,” said Seema Shah, chief global strategist at Principal Asset Management.

Soaring prices in 2022 caused the Federal Reserve to hike its key lending rate to 5.3%, a nearly 20-year high.

Faced with increased borrowing costs for homes, vehicles, and other debt, the economy has slowed, helping to alleviate pressures that were boosting inflation but exacerbating market concerns.

As inflation has fallen to 2.9% in July, the Fed is under pressure to decrease interest rates to prevent additional economic deceleration.

Although job increases in August fell short of expectations, they were greater than in July, when a slowdown aroused anxieties and triggered several days of stock market volatility.

Last month, construction and health-care firms hired the most, while manufacturing and retailers laid off employees.

Ms Shah stated that the data in Friday’s report was mixed, but provided enough concerning indicators that the Fed should make a larger cut.

“On balance, with inflation pressures subdued, there is no reason for the Fed not to err on the side of caution and frontload rate cuts,” she told reporters.

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Others, however, felt the advances were just steady enough to warrant a 0.25 percentage point decrease, as markets had long projected – though this could signal more cuts than expected in the coming months.

Paul Ashworth, Capital Economics’ senior North America economist, predicted that the Fed’s decision will be “close run.”

“The labour market is clearly experiencing a marked slowdown,” he said, adding that the new statistics were “overall still consistent with an economy experiencing a soft landing rather than plummeting into recession”.

Concerns about the economy are a major issue in the US election.

According to polls, a majority of Americans feel the US is in a recession, despite healthy 2.5% growth last year.

Donald Trump has declared that the economy is headed for a “crash,” and his team instantly latched on the latest data to criticise Vice President Kamala Harris, publishing a press release titled “warning lights flash as Kamala’s economy continues to weaken.”

Democrats have defended their performance, claiming that the United States survived the pandemic and inflation better than many other countries.

They believe the slowdown is a sign that the economy is returning to a more sustainable rate of growth following the post-pandemic boom.

“Although hiring has slowed, the US job market continues to generate solid job gains and wage growth that is consistently beating inflation,” the White House Council of Economic Advisors stated in a blog.

 

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