Business Brief: Why an AI pioneer is calling for caution

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Also in today’s edition: Charting gold’s glimmering outlook

Yesterday’s version of James Cameron might have travelled back in time to stop himself from saying that: In an announcement that he was, a fast-growing startup that makes a powerful image-generation tool, Cameron 2.0 said the company will “unlock new ways for artists to tell stories in ways we could have never imagined.”

Owen and Bengio spoke about the risks of unchecked advancements in AI and a future with super-intelligent machines. Here’s a part of their conversation:There’s a good side to this commercialization: It can bring benefits of AI to more users and applications. But I find it problematic that all of the advances are happening in industries that have a profit motive, without the right guardrails.

“Strong physical demand from China and central banks supported gold prices over the past two years, but investor flow, and retail-focused ETF builds in particular, continue to hold the key to a further sustained rally over the upcoming Fed cutting cycle,” analysts at J.P. Morganas the rally fuelled by China’s stimulus measures lost steam, and investors again set sights on economic data and future rate moves by the U.S. Federal Reserve.

 

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