BoJ raises rate to 1.25%; RBA flags inflation risks
BoJ hikes rate to 1.25% as expected; RBA warns of inflation risks. Iran attacks tanker, US sanctions crypto exchange.
Bill Gates warned AI will serve the richest unless governments act; his foundation pledged $1 billion to widen access.
Unless governments act, artificial intelligence (AI) will be developed to serve the richest, Bill Gates has warned. The Gates Foundation pledged at least $1 billion over two years to expand access.
Market forces on their own will direct the most advanced tools to those who can afford them, the Microsoft co-founder stated. He made his argument in the Gates Foundation's annual Goalkeepers Report released on Tuesday.
According to Gates, those with the greatest needs have the least influence over where investment flows. He said AI accelerates that pattern at a far higher speed.
The report lays out three demands. AI tools must work in every language people speak. More than 90% of the data behind early models came from English sources.
Nations should also control how their own data is handled. Doctors, farmers and teachers should be able to test and adapt the tools, rather than only use what arrives.
The funding is allocated over two years. Education and health each receive 40%. Agriculture takes 10%, and the final 10% pays for data and infrastructure.
Mark Suzman, the foundation's chief executive, described the amount as a down payment. He said it cannot replace the tens of billions that governments have cut from global health budgets. When asked if AI could fill that gap, he answered âSadly, no.â
âWe can harness AI for good. But it wonât happen by accident,â Bill Gates, chair of the Gates Foundation, said in the report.
Gates gave governments a timeline of 12 to 18 months. His remarks come as the industry argues about a different risk.
Researcher Jacob Coxon left Anthropic on September 9 after three years working on model training methods. BeInCrypto reported the Anthropic researcherâs warning that day.
âThey are racing straight to self-improving superintelligence and gambling with our lives,â Jacob Coxon, former Anthropic researcher, in his resignation statement.
Three days later, Anthropic CEO Dario Amodei proposed slowing the frontier. His plan would put outside evaluators inside the labs. OpenAIâs Sam Altman and Elon Musk both backed him.
Traders reacted and chip stocks declined this week. Investor Michael Burry called the slowdown hype tied to IPO timing rather than safety.
Gates said those risks are real and deserve serious attention. He argued the more immediate question is who the technology reaches. World leaders meet at the United Nations General Assembly next week.
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BoJ hikes rate to 1.25% as expected; RBA warns of inflation risks. Iran attacks tanker, US sanctions crypto exchange.
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