Wednesday☕️

Trending:
- Executive AI Order
- NYC’s Migrant Crisis
Markets:
- Yesterday’s U.S. stock market:

- Yesterday’s commodity market:

- Yesterday’s crypto market:

Executive AI Order:
- President Joe Biden has initiated an executive order to establish a comprehensive framework for generative AI safety and guidelines, acting ahead of any formal legislation. This executive order elaborates on previous informal agreements between the White House and AI companies, outlining eight main objectives.
- These include setting standards for AI safety and security, protecting privacy, promoting equality and civil rights, and ensuring responsible governance and use of AI technology across various sectors. Various federal agencies are now tasked with developing standards and best practices to ensure the safe and ethical use of AI.
- This includes measures to prevent the misuse of AI in manipulating biological materials, ensuring content authenticity, and enhancing cybersecurity. The National Institute of Standards and Safety (NIST) will work on developing "red teaming" procedures for AI models before their public release, while other departments focus on AI's potential threats to infrastructure and managing associated risks.
- Additionally, the order anticipates AI's impact on jobs, promotes workforce integration into the AI sector, and establishes the National AI Research Resource to support students, researchers, and small businesses. While the executive order sets a foundation for AI standards, it is not a permanent solution, and ongoing discussions in legislative circles aim to solidify AI regulation.
NYC’s Migrant Crisis:
- New York City, once a beacon for migrants, is facing a challenging reality. Since 2022, around 130,000 migrants have flocked to the city, often facilitated by transportation from Republican-controlled states, as NYC has a legal obligation to provide shelter for all arrivals. However, this influx has strained the city's resources to the breaking point.
- The situation has forced NYC to reevaluate its approach. While initially welcoming migrants as a sanctuary, the city now finds that this approach is unsustainable. Mayor's recent statement acknowledged the inevitable reality: "It's not a matter of if migrants will end up on the streets; it's a matter of when.”
- In response, the city has implemented a pragmatic solution by offering one-way plane tickets to migrants as a cost-saving measure and a way to alleviate pressure on its shelter system. This shift in policy underscores the complex challenges faced by cities as they navigate the delicate balance between providing refuge and maintaining the sustainability of their resources.
Statistic:
- Countries by total area:
- 🇷🇺 Russia: 17,098,242 km²
- 🇨🇦 Canada: 9,984,670 km²
- 🇨🇳 China: 9,706,961 km²
- 🇺🇸 USA: 9,372,610 km²
- 🇧🇷 Brazil: 8,515,767 km²
- 🇦🇺 Australia: 7,692,024 km²
- 🇮🇳 India: 3,287,590 km²
- 🇦🇷 Argentina: 2,780,400 km²
- 🇰🇿 Kazakhstan: 2,724,900 km²
Article Links:


Thanks for reading!
TIME IS MONEY: Your Free Daily Scoop of Markets📈, Business💼, Tech📲🚀, and Global 🌎 News.
The news you need, the time you want.

Support/Suggestions Emails:
timeismoney@timeismon.news