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News That Matters

02/01/2024 ---- 04/01/2024

The 60th US presidential election in 2024 is poised to be a riveting face-off between incumbent President Joe Biden and former President Donald Trump. Biden, at 81, has a record of significant accomplishments such as the creation of 14 million jobs, robust GDP growth, and four major legislative victories on coronavirus relief, infrastructure, domestic production of computer chips, and climate action. However, his approval ratings have been marred by the fallout from the 2021 Afghanistan withdrawal and his support of Israel during the Gaza conflict, causing discontent among younger voters.

Meanwhile, Trump, who is currently facing 91 criminal charges across four jurisdictions, is expected to punctuate his campaign with court appearances. His previous term, marked by the Covid-19 pandemic, culminated in a defeat by Biden in the 2020 election. Despite the challenges, Trump is preparing for what he calls "the final battle", even as he faces competition from Republican contenders such as Ron DeSantis and Nikki Haley.

The political climate is fraught with conspiracy theories, polarization, gun violence, and rising antisemitism and Islamophobia. Concerns are also mounting about the influence of social media platforms, particularly platform X, formerly Twitter, now owned by Elon Musk. The platform, known for extremist content, is making this election the first "AI election" where deepfakes could potentially exacerbate the spread of disinformation.

In a significant development, the Colorado Supreme Court ruled that Trump cannot run for president in the state in 2024 due to a constitutional insurrection clause. Although the ruling only applies to Colorado, Trump's campaign plans to appeal to the US Supreme Court.

The political landscape is fluid, with Biden recently suggesting that he is not the only Democrat capable of defeating Trump. This statement has sparked speculation about potential shifts within the Democratic party, with figures like Pete Buttigieg, Kamala Harris, Gavin Newsom, and Gretchen Whitmer emerging as potential contenders.

The 2024 presidential election is set against a backdrop of intense polarization and high stakes. The outcome will shape the future of the United States, making every vote more crucial than ever. As democracy faces these testing times, the battle for the presidency is a gripping spectacle, underscoring the resilience of the American democratic system.

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The year 2023 was a whirlwind in the artificial intelligence (AI) landscape, characterized by numerous product launches, setbacks, and strides towards regulation. AI giants Meta, Google, Baidu, OpenAI, and the French open-source contender, Mistral, all launched new AI applications. However, none of these became an immediate success, illustrating the complex nature of AI development.

AI-powered search engines from Microsoft and Google fell short of expectations, revealing fundamental flaws in language models, the backbone of AI applications. Microsoft’s Bing was embroiled in controversy for suggesting conspiracy theories, while Google’s Bard was found to generate incorrect answers, leading to a significant $100 billion loss in Google's share price.

The darker aspects of AI also came to the fore in 2023. Generative AI models exhibited severe gender, ethnic, and political biases. The environmental impact of AI was also highlighted, with research showing that generating an image using a powerful AI model consumes as much energy as fully charging a smartphone.

Despite these challenges, significant progress was made. OpenAI and Google started allowing companies and developers to create customized AI chatbots and build applications using AI. Google DeepMind utilized a large language model to solve a long-standing scientific problem, and a new open-source system, Dobb-E, was developed to teach robots simple household tasks.

The potential risks associated with AI sparked a heated debate among scientists, business leaders, and policymakers. While some expressed grave concerns, others, including Yann LeCun, Joelle Pineau, and Joy Buolamwini, dismissed these fears as distractions from the current issues caused by AI.

AI policy and regulation took center stage in the US Senate and the G7. In December, European lawmakers passed the AI Act, introducing binding rules for the development of high-risk AI. The White House introduced an executive order on AI and received voluntary commitments from leading AI companies for more transparency and standards. A proposal for watermarks in AI-generated content also gained traction.

The year saw a record number of lawsuits filed by artists and writers against AI companies for scraping their intellectual property without consent or compensation. OpenAI's superalignment team, led by Ilya Sutskever, focused on preventing a superintelligence from going rogue.

In response to an increase in copyright disputes related to AI, there was a call to designate 2024 as the Year of AI Regulation in the U.S., emphasizing the need for comprehensive accountability by governing bodies.

Looking ahead to 2024, AI regulation, especially the impact of generative AI on privacy, securities, and antitrust laws, will be a dominant topic. While there is an expectation for incremental regulatory steps as new AI applications emerge, concerns remain that premature regulation could slow progress in AI development.

Different countries have different approaches to AI regulation. The US, UK, EU, and China are all trying to strike a balance between innovation and regulation. The Biden administration released an executive order promoting safe and secure AI development, while the EU's proposed AI Act classifies AI applications into four risk categories. China requires companies to undergo security assessments and receive clearance before releasing AI products to the public.

Despite progress in generative AI, artificial general intelligence remains a distant goal. Generative AI's ability to generate text and images presents both significant benefits and challenges, such as the production of false information.

As we move into 2024, the hope is for a balanced regulation that mitigates potential harm without overly restricting beneficial technology. The need for independent regulation of AI safety and public release of AI systems has been underscored by the upheaval at OpenAI. The journey on the AI rollercoaster is just beginning, and the destination is yet to be determined.

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