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Current Events by John R. Patrick – 05/19/2023

I changed the name of this section from What’s new? to Current Events by John R. Patrick. Feedback told me there was some confusion about “news”. The In The News section contains news about a new publication by me or a news story which mentions me or is about me.The Current Events by John R. Patrick blog posts contain snippets of current events I am following. Some of the topical areas change from time to time. The following are the current topics. Please send feedback on this new section to j[email protected].

The Senate Judiciary Committee held a hearing on artificial intelligence (AI) on May 16, 2023. The hearing was titled “Oversight of A.I.: Rules for Artificial Intelligence.” Compared to other congressional hearings, this one was really good. It was bipartisan. There was no grandstanding. The Senators asked good questions and appreciated the needed sense of urgency.

The witnesses at the hearing were:

  • Sam Altman, CEO of OpenAI
  • Christina Montgomery, Member of the IBM AI Ethics Board

  • Gary Marcus, Professor of Psychology and Neural Science at New York University

The hearing focused on the potential benefits and risks of AI, and the need for regulation. The witnesses discussed the potential of AI to improve healthcare, education, and transportation. They also discussed the potential risks of AI, such as bias, discrimination, and job displacement.

The witnesses agreed that AI is a powerful tool that can be used for good or for bad. They also agreed that it is important to have a conversation about the future of AI and the need for regulation.

The hearing was the first in a series of hearings that the Senate Judiciary Committee will hold on AI. The committee is expected to issue a report on AI in the coming months.

Here are some of the key takeaways from the hearing:

  • AI is a powerful tool that has the potential to improve our lives in many ways.
  • However, AI also has the potential to be used for harmful purposes.
  • It is important to have a conversation about the future of AI and the need for regulation.

The Senate Judiciary Committee hearing on AI was an important step in the process of understanding and regulating this powerful technology. The hearing raised important questions about the future of AI, and it is likely that the committee will continue to hold hearings on this topic in the coming months.

This summary was produced by Google’s Bard AI but had to be edited because of errors it produced.

A number of my friends think Russia will win the war. I am no military analyst but I don’t think so. Dozens of countries have sent in tanks and ammunition. Thousands of Ukrainian soldiers have received training in other countries. I spend time on Telegram everyday and I see a lot of pictures of tanks lined up and ready to fight. Russia may have more troops but they are not as motivated and skilled as Ukrainian troops. Ukraine is high-tech. They learn fast. They have a plan. I am betting on them.

I will be traveling on Friday through the weekend so no market comments this week.