The Daily Money: AI trouble? OpenAI CEO testifies before Congress

In his first appearance before Congress, OpenAI CEO Sam Altman said his worst fear is that AI could cause "significant harm to the world."

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Tue May 16 2023 In his first appearance before Congress, Sam Altman, the CEO of ChatGPT maker OpenAI, said his worst fear is that artificial intelligence technologies could cause "significant harm to the world." "If this technology goes wrong, it can go quite wrong," he testified in front of a Senate Judiciary Committee panel. Altman also said government regulation of AI is critical "to mitigate the risks of increasingly powerful models." Fears about artificial intelligence and the push for tighter controls appeared to be bipartisan. The Biden administration has convened officials from the top companies including OpenAI, Microsoft and Google and launched an initiative to audit AI technologies. Sen. Lindsey O. Graham, R-S.C., called for a new government agency to license businesses building AI, saying it would give AI companies incentives to "do it right." The new wave of AI tools has dazzled Americans, promising a bevy of benefits. They can carry on human-like conversations, write essays, compose music and create audio, video and images. But these tools also have worrying implications for the future of work and education as well as the future of humanity. Americans are alarmed, too. A new survey from ADL found that Americans worry that AI will be used to worsen social ills, from fraud and identity theft to extremism and hate. Microsoft CEO Satya Nadella says AI is moving fast but in the right direction. "We're moving from the auto-pilot era of AI to co-pilot era of AI. Yes, it's moving fast, but in the right direction," Nadella said in an interview airing Monday night on Special Edition with Andrew Ross Sorkin on NBC News NOW. "Moving fast where humans are more in control. Humans are in the loop, versus being out of the loop." 📰 More stories you shouldn't miss 📰 Is it better to rent or buy? The best house prices vary city to city Learn Japanese through anime. Duolingo and Crunchyroll partner for immersive lessons. Dollywood child care Dollywood works to increase child care benefit, hoping 'other businesses will do the same' 🍔 Today's Menu 🍔 Tennessee whiskey vs. bourbon How is Tennessee whiskey different from bourbon? What to know about the law, science About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. That's not your kid: How to avoid AI phone scams It only takes three seconds of audio to clone a voice using AI, so it's easier than ever for scammers to make you think a loved one needs money. READ MORE Advertisement Secure your Amazon account from hackers If you get a package from Amazon that you didn't order, don't just brush it off. It could be a sign your account has been hacked. Report the incident. READ MORE Tips for high schoolers to land that summer job It's an excellent time teens and preteens to begin understanding what it means to be employed, working for a paycheck. READ MORE Jeep Cherokee recall: Chrysler recalls 132,000 vehicles Chrysler is recalling more than 132,00 of its 2014-2016 Jeep Cherokee vehicles due to a fire risk, officials said. READ MORE Shoppers picked up their spending in April Retail sales rose 0.4% in April. It marked the first rise since January when warm weather and a jump in Social Security likely lifted spending. READ MORE Find out how teens can get free Planet Fitness access this summer The High School Summer Pass at Planet Fitness gives teens a way to work out for free from May through August. Here's how to sign up. READ MORE How to make the perfect cup of tea If you love a good cup of tea, but have yet to perfect your tea-making process, here's how to make the perfect cup of tea with 7 easy tips. READ MORE As cars become pricier, Americans keep their vehicles longer than ever Since the pandemic struck three years ago, the average new vehicle has rocketed 24% to nearly $48,000 in April. Typical loan rates are now 7%. READ MORE NHTSA urges manufacturer to recall 67M air bag inflators; company refuses The NHTSA ordered ARC Automotive, Inc. to recall 67 million air bag inflators, but the manufacturer has refused. READ MORE Self-storage industry is booming, thanks to our overstuffed lifestyles "At the end of the world everyone says there will only be Twinkies and cockroaches left," said Courtney Kahler. "And I've added self-storage to that. It's an indestructible industry." READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? 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The Daily Money: New mayor in Chicago but same stalemate in DC

A whiff of change in Chicago with a new mayor, but in DC, things remain the same. Republicans and Democrats remain mired in debt ceiling talks.

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Mon May 15 2023 Medora Lee |  Money and Personal Finance reporter Happy Monday! It's Medora in Chicago, where our new mayor, Brandon Johnson, officially takes office today. While I listen to the optimistic message our new mayor is trying to provide, I'm also starting the week with some disappointment that the brief sign over the weekend that Democrats and Republicans were finally nearing a debt ceiling deal proved, maybe, to be false. Over the weekend, President Joe Biden said he thought the White House and congressional leaders could hammer out a deal to raise the debt ceiling. That glimmer of hope though was dimmed after Speak of the House Kevin McCarthy said he thinks the sides are still "far apart" and the White House isn't "talking anything serious."  Sigh, back to the drawing board... 📰 More stories you shouldn't miss 📰 Recall refusal: NHTSA urged a manufacturer to recall 67 million air bag inflators. The company refused. Friends and family, with limits: Employee discount for GM, Ford, FCA vehicles comes with these rules for family, friends Dangers of working from home: Does remote work increase anxiety? For parents, work from home may hurt mental health 🍔 Today's Menu 🍔 FDA approved dining: Dogs can join us for summer dining, government says. But not everyone is on board. About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Find out how teens can get free Planet Fitness access this summer The High School Summer Pass at Planet Fitness gives teens a way to work out for free from May through August. Here's how to sign up. READ MORE Advertisement An elderly man was scammed out of millions. Could a bank have done more? Larry Cook, 76, wired $ 3.6 million to possible scammers abroad. The bank reported him to adult protective services, but continued wiring his money. READ MORE The digital media company Vice, which was once valued at nearly $6 billion, is reportedly preparing to file for Chapter 11 bankruptcy. READ MORE The US debt ceiling for Dummies: A complete guide to the conflic A contentious partisan conflict over raising the debt ceiling is playing out. The U.S. is set to run out of money to pay its bills as early as June 1. READ MORE Volkswagen, Ferrari, Land Rover recall among 74,000 vehicles: Check here The U.S. National Highway Traffic Safety Administration has issued multiple recalls including Ferrari, Volkswagen, Bentley and Land Rover vehicles. READ MORE 3M fires long-time executive Michael Vale amid 'personal misconduct' claims Michael Vale's termination went into effect May 12, according to a statement released from the company. READ MORE Self-storage industry is booming, thanks to our overstuffed lifestyles "At the end of the world everyone says there will only be Twinkies and cockroaches left," said Courtney Kahler. "And I've added self-storage to that. It's an indestructible industry." READ MORE Inflation, high rates make cash cool again. Here's why. People are turning to cash payments to rein in spending amid inflation and high interest rates. Here's who's using it most and how they're saving. READ MORE Does AI scare you? You're not alone Americans worry that artificial intelligence like ChatGPT could be used for evil and they want OpenAi, Microsoft and Google to do something about it. READ MORE Remote working from home is taking toll on some parents' mental health Working from home leaves some parents isolated, worried about career, a new report finds READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback

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