There will be NO pause on AI

Progress waits for no one... not even Elon Musk ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Call me a cynic... but when someone wants a "pause" on AI, I think it is just because they are losing. In 2015, Elon Musk was one of the co-founders of OpenAI. He claims that he wanted it to be a nonprofit that could challenge Google. A few years later, he left, and the company ended up as a purely for-profit concern. Now, Musk and others are calling for a pause on AI research. Here's the question - would he still believe this if he was still involved with OpenAI? The company is clearly the current leader when it comes to AI, with ChatGPT promising to transform (or entirely abolish) jobs in a host of different fields. Could it be that Musk is simply jealous? Others are moving on AI very aggressively. Meta Platforms's Mark Zuckerberg, as well as the company's chief technology officer Andrew Bosworth and chief product officer Chris Cox, are also reportedly spending most of their time working on artificial intelligence. Bill Gates is also among those who oppose a pause. "I don't think asking one particular group to pause solves the challenges," said Gates. Former Google CEO Eric Schmidt also opposed any pause on AI, saying it would "simply benefit China." Instead, he said he was "in favor of getting everybody together ASAP to discuss what are the appropriate guardrails." What seems clear is whether or not AI is a good idea, or whether it (at best) presents challenges our economic and political leadership simply isn't prepared for, it is inevitable. It's the Thanos of technologies... and no costumed superheroes are coming to save us. According to a new report from MarketsandMarkets, the Generative AI Market will grow from $11.3 billion in 2023 to an astonishing $51.8 billion by 2028. And that's probably a lowball estimate, as the nature of the business is such that it will penetrate almost every other industry. Like energy, precious metals, and raw materials needed for EV, this high-tech industry may be about possession even more than innovation, as a vanishingly small number of top companies bend every sail in a desperate competition to secure market share. When it comes to this market, whoever establishes dominance first will hold the key to the future... And whatever Elon Musk thinks, there will be no pause. Keep Moving, Corey Snyder Publisher, Rogue Investing WORD ON THE STREET Lending PLUMMETS, New EPA Emissions, Housing Markets Cool - Credit Dries Up - Commercial bank lending was down an eye-popping $105 billion in the last two weeks of March (ending March 29). To put it in context, this is the biggest drop since the Federal Reserve began collecting data in 1973. Small banks led the way in drying up credit. - Tailpipe Emissions Standards Could Transform Auto Market - This week, EPA Administrator Michael Regan is expected to announce new limits on tailpipe emissions that could require two-thirds of the entire American auto market to be electric by 2032. That would represent a more than elevenfold increase from EV market share in 2022. An EPA spokesman said that the agency is undergoing a "historic process to accelerate the transition to a zero-emissions transportation future, protecting people and the planet." President Joe Biden has said he wants half of all cars sold in 2030 to be electric - Mortgage Rates Declining - The average 30-year fixed mortgage rate fell to 6.28% from 6.32% the week before. This is the fourth weekly drop in a row, even as the Federal Reserve again raised interest rates by a quarter point. Experts argue the declining rate is an important sign of stabilization in the housing market, as mortgage applications have begun to fall. - Dollar General Found In Violation Of Safety Standards - No short cuts allowed. The Department of Labor found Dollar General in violation of federal workplace safety standards. It's a sadly common occurrence for the company, which has been fined $15 million for such violations since 2017. "Dollar General Corp. has a substantial history of the same violations and hazards found at stores all around the U.S.," said OSHA Area Director Mary Reynolds. "They must end their repeated failures to correct these violations before an emergency turns tragic." HOT SPOTS: What's Going on in Geopolitics - US Investigates Leak Of Ukraine Documents - The Justice Department is investigating whether documents that appear like United States military updates from briefings at the Pentagon were leaked online. The documents, which were widely circulated on social media, show Russia's problems in Ukraine but also indicate Ukrainian casualties may be higher than many reported. - China Launches Aggressive Drills To Intimidate Taiwan – In response to a visit by the Taiwanese president to the United States, the People's Republic of China sent warplanes and ships near Taiwan, aiming to intimidate the "rogue province." At least 71 Chinese aircraft crossed the median line of the Taiwan Strait, a benchmark for what is considered aggressive behavior. - Macron Declares Independent EU Position On China - French President Emmanuel Macron was expected to pressure China on its ties with Russia, but it was France that appeared to make a break with diplomatic regularity. Macron said he didn't want to get into "bloc versus bloc logic," saying that Europe "should not be caught up in a disordering of the world and crises that aren't ours." Macron argued Europe should not respond to the "rhythm" of someone else when it comes to Taiwan and said an escalation of the situation is not in France's interest. CUTTING EDGE: What[']( )s Happening In Tech - Tesla Opening New Megafactory In China - Tesla (TSLA) will open a Megafactory in Shanghai capable of producing 10,000 Megapack batteries a year. Elon Musk said the factory's purpose will be to "supplement output of Megapack factory in California." - Apple Inc. Suppers Huge Plunge In PC Shipments – Personal computer shipments from Apple fell by 40.5% in the first quarter - the largest for any PC maker. Overall, PC makers suffered a 29% decline as they continue to suffer from high inventory. - Federal Judge Bans Abortion Pill - A federal judge in Texas banned the abortion pill mifepristone on the grounds that the FDA didn't study it carefully enough. Judge Matthew Kacsmaryk's ruling will impose an injunction that should take effect by the end of this week. The Biden Administration has appealed the decision but some argue it should ignore it altogether FOR YOUR CONSIDERATION --------------------------------------------------------------- "Find a precious metal that has a future, not one that just offers a store of value." With the dollar wobbling and a recession looming, precious metals look attractive. But this one is being overlooked... despite a future that looks brighter than gold. [THE NEW EV METAL]( ) Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing]( ). The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( ) for more information. Sent to: {EMAIL} [Unsubscribe]( ) Rogue Investing, 721 Court St., Unit #1, Lynchburg, VA 24504, United States