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Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

The Guardian — Tech · · International · AI Governance

Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showing The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran . The S&P 500 fell 1.2% for its worst day since July, while the Nasdaq composite tumbled 2.6%. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the US market, in which the majority of stocks actually rose. The Dow Jones Industrial Average added 11 points, or less than…

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Deep Signal · Part I of III

The Algorithm Said So

Federal rulemakers are deciding what to do when artificial intelligence produces the kind of conclusion that once required an expert. They disagree about how to regulate it. They also disagree about whether the problem has arrived.

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Opposition deepfake video sparks outrage in Spain ahead of election

Video shows AI likenesses of people linked to Pedro Sánchez’s Socialist party appearing to admit to wrongdoing A political ad from Spain’s main opposition party that used a deepfake video of the prime minister’s wife has sparked outrage and set off a wider debate on AI, as the deeply polarised country gears up for general elections next month. Launched this week across the social media channels of the conservative People’s party (PP), the video used artificial intelligence to manipulate the likenesses of various people linked to Pedro Sánchez’s Socialist party and appeared to show them admitt…

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