As Europe swelters under a major heatwave, the energy-intensiveness of artificial intelligence has come into the spotlight. At a climate conference in London, UN Secretary General Antonio Guterres called on AI companies to disclose the environmental impact of their systems. Plus, Iran rejects the US's claim that any frozen Iranian assets, once unlocked, will be controlled by the US and Qatar and be used exclusively to buy American food and medicine.
AI's rapid growth could exacerbate global resource inequalities, necessitating sustainable practices and transparency to mitigate environmental impacts.
The post UN warns AI boom could strain water, power, and waste systems on a staggering scale appeared first on Crypto Briefing.
The reopening of Hormuz eases global energy market tensions, highlighting digital assets' role in conflict economies and regulatory challenges.
The post UN evacuates 11,000 stranded seafarers from Hormuz as US-Iran peace deal reopens critical shipping lane appeared first on Crypto Briefing.
The UN inquiry's findings could strain Israel's global relations, impacting diplomatic negotiations and altering international perceptions.
The post UN inquiry: Israel targeted Gaza children, resulting in genocide appeared first on Crypto Briefing.
With the market capitalization of AI companies soaring, US Senator Bernie Sanders is looking to give the American people a piece of the action.
The veteran senator for Vermont has introduced the American AI Sovereign Wealth Fund Bill, aiming to give the public a 50 percent ownership in the largest AI companies in the US. It’s a timely move with both OpenAI and Anthropic preparing for the imminent IPOs.
Sanders is not the only one pondering such a move. As the bill notes, OpenAI has proposed the creation of a “Public Wealth Fund” giving citizens a stake in “AI-driven economic growth,” while Anthropic has proposed a sovereign wealth fund to “shape the sector’s behavior.” President Trump’s advisors are also contemplating the possibility of the government grabbing a stake in major AI corporations, according to media reports.
Sovereign wealth funds are not a new idea: Many administrations across the world have implemented them, notably Norway which has about $2 trillion in its wealth fund.
Sanders' proposal could redefine wealth distribution, prompting a shift in economic models and investor strategies amid AI's growing influence.
The post Bernie Sanders proposes plan for US ownership stakes in AI companies appeared first on Crypto Briefing.
The Senate Armed Services Committee's bill also includes provisions on insider threat reporting for AI companies and new post-quantum cryptography deadlines.
The Senate Armed Services Committee's bill also includes provisions on insider threat reporting for AI companies and new post-quantum cryptography deadlines.
