Latest news with #All-In
Business Insider
19 hours ago
- Business
- Business Insider
Meta's chief AI scientist says all countries should contribute data to a shared open-source AI model
AI has surged to the top of the diplomatic agenda in the past couple of years. And one of the leading topics of discussion among researchers, tech executives, and policymakers is how open-source models — which are free for anyone to use and modify — should be governed. At the AI Action Summit in Paris earlier this year, Meta's chief AI scientist, Yann LeCun, said he'd like to see a world in which "we'll train our open-source platforms in a distributed fashion with data centers spread across the world." Each will have access to its own data sources, which they may keep confidential, but "they will contribute to a common model that will essentially constitute a repository of all human knowledge," he said. This repository will be larger than what any one entity, whether a country or company, can handle. India, for example, may not give away a body of knowledge comprising all the languages and dialects spoken there to a tech company. However, "they would be happy to contribute to training a big model, if they can, that is open source," he said. To achieve that vision, though, "countries have to be really careful with regulations and legislation." He said countries shouldn't impede open-source, but favor it. Even for closed-loop systems, OpenAI CEO Sam Altman has said international regulation is critical. "I think there will come a time in the not-so-distant future, like we're not talking decades and decades from now, where frontier AI systems are capable of causing significant global harm," Altman said on the All-In podcast last year. Altman believes those systems will have a "negative impact way beyond the realm of one country" and said he wanted to see them regulated by "an international agency looking at the most powerful systems and ensuring reasonable safety testing."
Yahoo
3 days ago
- Business
- Yahoo
Veteran investor warns about the business pursuits of ‘rulebreaker' Trump
Veteran investor warns about the business pursuits of 'rulebreaker' Trump originally appeared on TheStreet. Veteran angel investor, internet entrepreneur and co-host of the All-In podcast, Jason Calacanis, has some sage advice for President Donald Trump. Calacanis criticized the president's conflicts of interest for the First Family's involvement with multiple crypto businesses. The Trump family is engaged with or backs a number of crypto ventures, such as meme coins, crypto exchange-traded funds (ETFs), the World Liberty Financial project, and USD1 stablecoin. Trump is a 'rulebreaker' who bends the rules, but it bites him back in the form of lawsuits and impeachment, the angel investor said, and hoped that the president and his family won't engage with too many crypto business ventures. If the Trump family is involved with several crypto 'shenanigans,' as Calacanis called them, it will throw off the track all the 'positive aspects' of his presidency, among which he counted trade and 'sensible immigration.' Trump's crypto ventures are neither popular among the crypto industry nor in and around his own administration, Calacanis added. He hoped that those around the president could tell him and his family to 'pump the brakes' on their multiple crypto offerings. Calacanis, however, underlined that such conflicts of interest are not unique to the Trump family, as every U.S. president seems to have had such conflicts, often from family members. This is how a free market economy like the U.S. works, he continued. The angel investor also sounded the alarm on Bitcoin treasury companies like MicroStrategy (Nasdaq: MSTR). The moment Bitcoin declines to $60,000, "which it will inevitably," if crypto veterans are to be believed, it will cause a lot of problems for such companies, Calacanis warned. As per Kraken, BTC was trading at $106,876.93 at press time, up 12% a month. Veteran investor warns about the business pursuits of 'rulebreaker' Trump first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared.
Yahoo
5 days ago
- Business
- Yahoo
David Sacks wonders if AI-powered robots could provide an answer to the US 'fiscal situation'
David Sacks said AI and bots could boost the US economy and improve the nation's fiscal outlook. Sacks, the White House AI and crypto czar, said economic growth could ease worries about US debt. He said it's possible that we'll see "AI-powered robots expanding the economy massively." David Sacks, the White House artificial intelligence and crypto czar, said it's possible that a productivity boost from AI and robots could be so powerful that it helps brighten the US financial picture. Sacks said on an episode of the "All-In" podcast posted on Saturday that it's not clear whether recent bond market jitters over the prospect of rising US debt levels represent a "blip" or "some larger once-in-a-century type event." He then said it's possible that a tech windfall could, in effect, rescue lawmakers who appear unwilling to make difficult decisions to reduce the nation's borrowing. "I don't like America's fiscal picture at all, but what if the AI and robotics revolution plays out in the most optimistic way over the next decade and is massively deflationary, and we get basically AI-powered robots expanding the economy massively?" Sacks said. Chamath Palihapitiya, the billionaire investor, interjected that such a scenario would require investments in the power grid, a notion that Sacks agreed with. "My point is just what if the new technology provides an answer to the fiscal situation that's not currently on the table?" Sacks said. The bot-savior scenario would be far more welcome than other outcomes some on Wall Street are predicting. Torsten Sløk, the chief economist of Apollo Global Management, said Friday that the bond market appears to be pricing in a scenario of so-called stagflation, which occurs when growth is sluggish and inflation remains elevated. That would put the US economy in a tough spot — a possible sequel to bouts of stagflation in the 1970s. Many economists fear such a scenario because it can be far more difficult for Federal Reserve policymakers to combat than run-of-the-mill recessions. The idea that the tech gains could help the US shore up its finances comes as some industry observers have said the rise of AI and bots could come at the expense of workers booted from their jobs. Others have a more optimistic take. Namely, that AI will be a productivity accelerator, allowing people to get more done. That's the type of grow-the-pie scenario that Sacks, a close friend of Elon Musk, appeared to indicate was possible. It's an idea the Tesla CEO shares. Musk said this month that tens of billions of humanoid robots could one day remake the global economy. The Tesla CEO said that level of automation could lead to a "universal high income" in which goods and services become so readily available that "no one wants for anything." That followed Musk's comments in October that Tesla's humanoid Optimus could amount to the "biggest product ever of any kind." Before floating the idea of a massive tech boost, Sacks said it was still unclear what might play out with the nation's finances and the bond market. "The reality is we don't know exactly what's going to happen," he said. Sacks and the White House didn't immediately respond to a request for comment from BI. Read the original article on Business Insider
Business Insider
5 days ago
- Business
- Business Insider
David Sacks wonders if AI-powered robots could provide an answer to the US 'fiscal situation'
David Sacks, the White House artificial intelligence and crypto czar, said it's possible that a productivity boost from AI and robots could be so powerful that it helps brighten the US financial picture. Sacks said on an episode of the "All-In" podcast posted on Saturday that it's not clear whether recent bond market jitters over the prospect of rising US debt levels represent a "blip" or "some larger once-in-a-century type event." He then said it's possible that a tech windfall could, in effect, rescue lawmakers who appear unwilling to make difficult decisions to reduce the nation's borrowing. "I don't like America's fiscal picture at all, but what if the AI and robotics revolution plays out in the most optimistic way over the next decade and is massively deflationary, and we get basically AI-powered robots expanding the economy massively?" Sacks said. Chamath Palihapitiya, the billionaire investor, interjected that such a scenario would require investments in the power grid, a notion that Sacks agreed with. "My point is just what if the new technology provides an answer to the fiscal situation that's not currently on the table?" Sacks said. The bot-savior scenario would be far more welcome than other outcomes some on Wall Street are predicting. Torsten Sløk, the chief economist of Apollo Global Management, said Friday that the bond market appears to be pricing in a scenario of so-called stagflation, which occurs when growth is sluggish and inflation remains elevated. That would put the US economy in a tough spot — a possible sequel to bouts of stagflation in the 1970s. Many economists fear such a scenario because it can be far more difficult for Federal Reserve policymakers to combat than run-of-the-mill recessions. The idea that the tech gains could help the US shore up its finances comes as some industry observers have said the rise of AI and bots could come at the expense of workers booted from their jobs. Others have a more optimistic take. Namely, that AI will be a productivity accelerator, allowing people to get more done. That's the type of grow-the-pie scenario that Sacks, a close friend of Elon Musk, appeared to indicate was possible. It's an idea the Tesla CEO shares. Musk said this month that tens of billions of humanoid robots could one day remake the global economy. The Tesla CEO said that level of automation could lead to a "universal high income" in which goods and services become so readily available that "no one wants for anything." That followed Musk's comments in October that Tesla's humanoid Optimus could amount to the "biggest product ever of any kind." Before floating the idea of a massive tech boost, Sacks said it was still unclear what might play out with the nation's finances and the bond market. "The reality is we don't know exactly what's going to happen," he said. Sacks and the White House didn't immediately respond to a request for comment from BI.
Yahoo
6 days ago
- Business
- Yahoo
Who you will and who you won't see at Donald Trump Jr's DC private members' club
Next month will see the opening in Washington, D.C., of Executive Branch, the Trump-aligned private members' club, in a subterranean space behind a Georgetown shopping mall. Now, according to reporting by The New York Times, we now have a better idea of who you will and who you won't see there. Donald Trump Jr. owns the club along with Zach and Alex Witkoff, sons of President Donald Trump's Middle East envoy Steve Witkoff; Omeed Malik, head of 1789 Capital; and Chris Buskirk, an ally of Vice President JD Vance. With a hefty joining fee reportedly as much as $500,000, the club is expected to have up to 200 members and requires more than just money to gain entry. For a start, a spokesperson for the club said, 'You have to know the owners.' They added: 'This is not just for any Saudi businessman,' and that members want a place 'where they're not annoyed.' President Trump's White House crypto czar, tech investor David Sacks, says that Executive Branch differs from other private clubs in the city in that Washington insiders will not be welcome and members won't have to worry 'that the next person over at the bar is a fake news reporter or even a lobbyist' who 'we don't know and we don't trust.' Speaking on his All-In podcast earlier this month, Sacks confirmed a ban on media and said: 'To the extent there are Republican clubs, they tend to be like more Bush-era Republicans as opposed to Trump-era Republicans.' He added: 'So we wanted to create something new, hipper and Trump-aligned.' While other private clubs in the capital tend to be in grand historic buildings, the discreet, almost hidden, location of Executive Branch will also be stylistically different, with the Times reporting that it 'will have what members say is modern décor inspired by Aman New York, a luxurious hotel and private club that opened in 2022.' As to who is expected to frequent the club, in addition to the owners and Sacks, founding members include Jeff Miller, a lobbyist and top Trump fundraiser, and Cameron and Tyler Winklevoss, owners of crypto firm Gemini, until recently subject to a Securities & Exchange Commission investigation no longer being pursued. Will the president stop by? That's somewhat unclear, as while the club has been planned for the utmost discretion, a presidential motorcade is somewhat more obtrusive when navigating one of the District of Columbia's most desirable neighborhoods. During his first term, Trump was able to dine at what was then the Trump International Hotel on Pennsylvania Avenue, a short distance from the White House. This was relatively out in the open, given that it was a functioning public space, accessible to journalists, lobbyists, lawmakers, and other officials. Any visits to a venue as discreet and guarded as Executive Branch would potentially be shrouded in mystery and rife with speculation.
