Biden’s AI Crackdown Has Just Begun

Beginning of a new dawn. [Altucher Confidential] July 27, 2023 [WEBSITE]( | [UNSUBSCRIBE]( So far, all of the limitations on AI development in America have been self-imposed. Not for long. [Hero_Image] Biden’s AI Crackdown Has Just Begun URGENT: Exclusive $10 Offer From Jim Rickards [James Altucher]( Hi, Jim here. And for the first time ever, I want to give you [all of my best secrets… for under $10!]( is your chance to get all of my moneymaking insights at one affordable price. [Click here for all of the details on my special $10 offer.]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, In the new Mission Impossible movie, an AI called "The Entity" goes rogue and tries to rule the world. Ethan Hunt and the IMF are the world’s only hope. It’s no coincidence the government and supranational entities are always framed as the hero and never the problem. It’s an old trope that dates back to WWII. Hollywood’s ties with the military -- called the military-entertainment complex — [are well-documented](. As usual, it’s misleading. When it comes to AI, regulation is a triple-edged sword. Ambitious government regulation could weed out the seedier uses of AI, it could also halt innovation and ramp up surveillance capitalism. On the other hand, unfettered centralized AI could lead to a monopoly where ALL information is filtered and molded through a few algorithms. Third, an unholy alliance between private and public AI could lead to a situation worse than both of them. Fortunately, there’s a third way: decentralized AI, where the users own and have control over the network. We’ll be talking about this much more in the future. But first, let’s get a broad view of the current regulatory landscape. Today, we invite Paradigm’s in-house tech maven Ray Blanco to talk AI regulation… and why there’s no easy solution. Read on. America no longer a superpower because of Biden? [James Altucher]( [Ever heard of America’s “Doomsday Deal”?]( It’s a deal so vital to our country’s wealth and security… Every President for 50 years has defended it at all costs. Until Calamity Joe Biden. Biden broke the deal. And I now predict… The America we love is doomed. And the biggest wealth transfer in US history is now underway. [>>See the truth about Biden’s terrible mistake HERE<<]( Biden Begins the AI Crackdown Ray Blanco [Ray Blanco] RAY BLANCO There have been discussions and debates, open letters and appeals, even doomsday scenarios and dystopian fantasies. Next up in the progression of AI legislation: voluntary commitments. In what is, by comparison, the most significant step yet in checking the rapid growth of artificial intelligence, several of the biggest names in the field have coordinated to impose limits on their own development. Among the companies committing to these new safety guidelines are: OpenAI, Google, Amazon, Microsoft, Meta, and Anthropic. In a statement released by the Biden administration, these companies agreed to uphold several key measures for AI under the guidelines of safety, security, and earning the trust of the public… - Security testing before the release of AI systems. Both internally and by independent experts. - Sharing information across the industry and government agencies. - Investing in cybersecurity and safeguards. - Facilitating third-party review and reporting of possible threats. - Developing technical “watermarks” so that AI-generated material can be easily identified. - Public reporting of their AI capabilities and limitations. - Prioritizing potential societal risks of their AI systems. - Using their AI tools to address “society’s greatest challenges”, such as cancer prevention and climate change. President Biden said of the need to regulate the development of AI technology… “We must be clear-eyed and vigilant about threats emerging from emerging technologies that can pose -- don’t have to but can pose -- to our democracy and our values. This is a serious responsibility; we have to get it right. And there’s enormous, enormous potential upside as well.” According to the White House’s statement, the administration is developing an executive order to address AI safety while they pursue bi-partisan legislation. As of now, no meaningful legislation has been passed or even proposed in the United States. While Canada and the EU have both drafted AI regulation proposals. However, Biden’s agencies have not ignored the technology. This agreement comes just after the Federal Trade Commission (FTC) opened an investigation into OpenAI regarding its AI chatbot, ChatGPT. In a 20 page letter, the FTC voiced concern about ChatGPT’s ability to “generate statements about real individuals that are false, misleading, or disparaging”. This has been a common concern with AI chatbots. They will fill gaps in their data with made-up details, an unwanted feature known as “hallucinating”. The investigation comes on the heels of a class action lawsuit filed in June, alleging that OpenAI misused personal data. The Honor System So far, all of the limitations on AI development in America have been self-imposed. Sam Altman, the CEO of OpenAI, surprised many by calling for strict AI regulation during a congressional hearing in May. During the hearing Altman said, “I think if this technology goes wrong, it can go quite wrong, and we want to be vocal about that. We want to work with the government to prevent that from happening." The potential dangers of AI have been widely acknowledged across the industry, but it has been weighed against the massive amounts of profits waiting for the companies that pull ahead of the pack. Many executives have “said the right things”, calling for caution or even a complete halt in development, while continuing to move forward in their own AI enterprises. Elon Musk’s signature was near the top of an open letter calling for a six month pause in advancing AI tech only a few weeks before he launched x.AI, his own dedicated AI company. This move is not uncommon among executives who are asked to put “the greater good” ahead of their company’s bottom line. The commitments that were outlined in the White House press release, while being a positive step, mention no repercussions to the companies that fail to honor their promises. There are also no standards set for what “prioritizing” safety really means. An “AI Bill of Rights”, has been outlined by the Biden administration but only details the goals of future legislation. Until meaningful regulation is officially passed, the most disruptive technology of our time will rely on executives voluntarily turning down billions of dollars out of the goodness of their hearts. Best, [Ray Blanco] Ray Blanco For Altucher Confidential Urgent Notice From Paradigm CIO Zach Scheidt! [James Altucher]( Hi, Zach Scheidt here… I’m the Chief Income Officer at Paradigm Press. With inflation raging (and showing no signs of coming to an end any time soon), almost everyone in America is feeling the pain in a big way. Which is why, several months ago, I set out on a big mission… my goal was to create a [complete, step-by-step plan to surviving and beating inflation]( one that anyone could take advantage of. Today, after hundreds of hours of research, I’m revealing all of my findings. 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