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Oil and currency bias shape our technologies

Oil and currency bias shape our technologies

Oil and currency bias shape our technologies
As AI evolves, it will reflect our biases, aspirations, and perhaps, our greatest follies. (Shutterstock image)
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In the bustling metropolis of Techville, where innovation never sleeps and ethics occasionally gets a caffeine boost, the latest debate has everyone buzzing. 

This time, it is not about the next killer app or the latest in wearable tech, but something far more profound and perplexing: Artificial intelligence and ethics. 

And at the heart of this conversation is the ever-eloquent John Bright, whose insights are as sharp as his tongue.

Bright, a figure known for his unfiltered views, recently opened a can of worms — or perhaps a barrel of oil — on the subject. 

“You tell me, you read this rubbish. Oil is the most traded commodity in the world. 1 billion barrels are traded each day in US dollars. You think anyone is ready to change that?” Bright declares with the certainty of a seasoned tech prophet.

“Total demand for oil each year is 100 million barrels, and daily oil traded in derivatives markets is 1 billion. There is no such currency to sustain these volumes.” 

Now, you might be wondering, what does all this have to do with AI and ethics? In Techville, everything is connected — sometimes by a mere line of code. 

The ethical dilemma arises when we consider the overwhelming bias and control exerted by such financial structures over global markets and technology.

Imagine, if you will, an AI developed in Techville. It is designed to predict market trends and make investments. This AI, despite its impressive algorithms, is inherently biased toward the US dollar because of the sheer volume of oil traded in that currency. 

Here lies the irony: A machine, devoid of emotions, inherits the biases of its creators and their economic realities. 

But this time maybe it is right.

Techville’s residents, always keen on a good debate, have taken this statement to heart. The underlying issue is simple yet profound: If oil trading remains firmly tied to the US dollar, can any other currency — or even cryptocurrency — hope to break this stranglehold? 

Bright’s dismissive view of alternative currencies adds fuel to the fire. “The euro? Not a strong currency. The yuan? Pegged to the US dollar. Cryptocurrency? There isn’t enough of it.”

All this enters into an irony that Socrates might have pondered. “Does an AI that mirrors human biases truly understand the nature of its decisions?”

Bright, ever the pragmatist, does not shy away from highlighting these biases. His point? Even the mightiest have vulnerabilities, and the structures we rely on are far more fragile than we care to admit.

Can we trust AI to make unbiased decisions when it operates within a system so skewed by economic realities?

Rafael Hernandez de Santiago

Philosophers have long mused about the ethical implications of our technological advancements. 

Plato, if he were around, might suggest that our AI systems are merely shadows on the cave wall, reflecting deeper truths about our society’s biases and dependencies. 

Nietzsche, ever the provocateur, might argue that our AI, like us, is bound by the power structures of its creators, forever echoing human flaws.

In Techville, these philosophical musings are not just academic exercises; they have real-world implications. The ethical dilemmas posed by AI are complex, especially when intertwined with the global oil market’s biases. 

Can we trust AI to make unbiased decisions when it operates within a system so skewed by economic realities?

The city’s thinkers are deeply divided on this issue. Some argue that as long as the world remains tethered to oil and the US dollar, any AI we develop will be inherently flawed.

Others hold out hope that AI can transcend these biases, offering a glimpse of a more objective and fair system. It is a debate reminiscent of Descartes’ quest for certainty in a world of doubt.

Bright, with his characteristic wit, brings us back to earth.

“X is not doing great, collapsed real estate, collapsed financial and banking sector, low birth rate and declining population. Their stock market collapsed, etc. And they’re being attacked everywhere with their exports of electric vehicles and raising tariffs.”

So, where does this leave Techville’s AI ethics debate? In a state of perpetual irony, humor, and serious contemplation. The city’s brightest minds continue to grapple with these questions, knowing that the answers are as elusive as ever.

In a world where power dynamics and economic dependencies shape our technologies, the quest for ethical AI remains a journey more than a destination.

Bright, with his razor-sharp insights, ensures that the conversation stays both lively and grounded. He will undoubtedly remain at the forefront, reminding us all that while technology may advance, the ethical dilemmas it poses are as old as humanity itself.

As AI evolves, it will reflect our biases, aspirations, and perhaps, our greatest follies.

In Techville, where the future is always just a line of code away, the debate rages on, a testament to humanity’s enduring struggle to reconcile innovation with ethics.

Rafael Hernandez de Santiago, viscount of Espes, is a Spanish national residing in Ƶ and working at the Gulf Research Center.

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Israel army says conducted 'targeted strike' in Beirut

Israel army says conducted 'targeted strike' in Beirut
Updated 3 min 42 sec ago

Israel army says conducted 'targeted strike' in Beirut

Israel army says conducted 'targeted strike' in Beirut

BEIRUT:  The Israeli military said it carried out a “targeted strike” in the Lebanese capital Beirut on Friday.

“The IDF (Israel Defense forces) conducted a targeted strike in Beirut. At this moment, there are no changes in the Home Front Command defensive guidelines,” the military said, providing no further details.

More to follow...

 

More to follow...


Norway to increase, extend aid to Ukraine

Norway to increase, extend aid to Ukraine
Updated 18 min 49 sec ago

Norway to increase, extend aid to Ukraine

Norway to increase, extend aid to Ukraine
  • The extension brings the aggregate aid package to 135 billion kroner from a previous total of 75 billion kroner through 2027
  • To get the increased package through parliament, Store’s center-left minority government will need the support of the opposition

OSLO: Norway will increase civilian aid to Ukraine by five billion kroner ($475 million) this year and extend its aid package by three years to 2030, the prime minister said Friday.
The extension brings the aggregate aid package to 135 billion kroner from a previous total of 75 billion kroner through 2027.
The Scandinavian country had already pledged 22 billion kroner in military and civilian aid for this year, and the additional five billion kroner will be dedicated to “important civilian needs, Prime Minister Jonas Gahr Store told journalists after meeting parliamentary leaders.
“We are living through a very dangerous situation in Europe,” Store said.
To get the increased package through parliament, Store’s center-left minority government will need the support of the opposition, which has largely backed greater assistance to Ukraine.
Norway is a major gas and oil exporter, and has benefitted from the run-up in prices brought about by Russia’s war in Ukraine.
According to a finance ministry document seen by AFP Thursday, Germany is planning to increase its military aid to Ukraine by almost 400 million euros ($445 million) this year, on top of the 7.5 billion euros it had already earmarked.


Third of Burundi mpox cases in children under five: UN

Third of Burundi mpox cases in children under five: UN
Updated 29 min 6 sec ago

Third of Burundi mpox cases in children under five: UN

Third of Burundi mpox cases in children under five: UN
  • Burundi is the second hardest-hit country on the continent after the Democratic Republic of Congo.

Geneva: Youngsters have been especially impacted by mpox outbreaks raging in Africa, with children under five accounting for nearly a third of the cases in Burundi, the UN children’s agency said Friday.
Burundi is the second hardest-hit country on the continent after the Democratic Republic of Congo.
“Children in Burundi are bearing the brunt of the mpox outbreak, with alarming rates of infection and severe health impacts,” said Paul Ngwakum, UNICEF’s Regional Health Adviser for Eastern and Southern Africa.
Ngwakum said two-thirds of cases in Burundi concerned people aged 19 and under.
“Of particular concern is the rise of mpox among children under five years of age, representing 30 percent of the reported cases,” he told reporters in Geneva, speaking via videolink from Bujumbura.
Mpox, previously known as monkeypox, is caused by a virus transmitted to humans by infected animals but can also be passed from human to human through close physical contact.
It causes fever, muscular aches and large boil-like skin lesions, and can in some cases be deadly.
The World Health Organization declared an international emergency last month, concerned by the surge in cases of the new clade 1b strain in the DRC that spread to nearby countries.
A total of 25,093 suspected mpox cases and 723 deaths were reported across the continent between January and September 8, WHO said.
Of those, 21,835 suspected cases and 717 deaths were reported in the DRC, while 1,489 suspected cases and no deaths have been reported in neighboring Burundi.
Research is still under way to discover how clade 1b compares to the original strain.
The outbreak in DRC has proved deadlier than previous mpox epidemics but this could be because the vulnerable populations in the conflict-torn country are now being affected.
“It may indeed be that it’s in a population who simply cannot respond immunologically to yet another threat,” WHO spokeswoman Margaret Harris told reporters Friday.
While no deaths have been registered in Burundi yet, Ngwakum stressed that many children in the region were already weakened by low immunity and underlying illnesses and “will need critical treatment to be able to avoid them from dying.”
The last time WHO declared a global health emergency over mpox was in 2022 when the original mpox clade 2 that had long been endemic in central Africa suddenly began spreading around the world.
That outbreak mainly impacted gay and bisexual men with more than 100,000 cases reported and 222 deaths, according to the WHO.
Ngwakum said the geographical area where the virus is spreading in Burundi remains limited.
With swift action “we can limit the spread, contain the virus, and potentially end the outbreak with no lives lost,” he said.
I “think this can be stopped within a very few weeks.”
UNICEF, he said, was urgently appealing for nearly $59 million to scale up responses across six African countries, including Burundi.
Immunization with vaccines originally developed for smallpox could help stem the spread.
WHO last week for the first time prequalified an mpox vaccine, the MVA-BN, and Ngwakum said UNICEF was working to procure doses for Burundi.
On Thursday, mpox vaccines were administered in Africa for the first time, with several hundred high-risk individuals receiving jabs in Rwanda.
The DRC has said it will begin its vaccination campaign on October 2.


Iraq’s Kataib Hezbollah says fighter killed in “Zionist attack” in Damascus

Iraq’s Kataib Hezbollah says fighter killed in “Zionist attack” in Damascus
Updated 35 min 37 sec ago

Iraq’s Kataib Hezbollah says fighter killed in “Zionist attack” in Damascus

Iraq’s Kataib Hezbollah says fighter killed in “Zionist attack” in Damascus
  • A fighter got killed in the “Zionist attack”

DUBAI: Iraq’s Kataib Hezbollah armed group announced that one of its fighters was killed in what they called a “Zionist attack” in the Syrian capital Damascus, the group said in a statement on Telegram on Friday.


PCB shifts second Test between Pakistan and England from Karachi to Multan

PCB shifts second Test between Pakistan and England from Karachi to Multan
Updated 43 min 58 sec ago

PCB shifts second Test between Pakistan and England from Karachi to Multan

PCB shifts second Test between Pakistan and England from Karachi to Multan
  • The decision is taken due to the renovation of the cricket stadium in Karachi
  • England will be visiting Pakistan for three-match series between Oct. 7-28

ISLAMABAD: The Pakistan Cricket Board (PCB) on Friday announced a revised schedule of the International Cricket Council (ICC) World Test Championship between Pakistan and England, changing the venue of the second Test beginning on October 15 from Karachi to Multan due to the renovation of the National Bank Stadium.

England will be visiting Pakistan from October 7 to 28 and play three Tests, with the first and second match scheduled to be held in Multan between October 7 and 19 followed by the third Test in Rawalpindi from October 24 and 28.

“The second Test, which was originally planned at the National Bank Stadium in Karachi from Oct 15-19, will now be played at the Multan Cricket Stadium,” the PCB said in a statement. “The match has been shifted from Karachi to Multan as the National Bank Stadium is undergoing a major facelift for next year’s ICC Champions Trophy 2025.”

The remaining two Tests will be played as originally planned in Multan and Rawalpindi, it said.

The PCB said it was thrilled to welcome the England men’s cricket team back to Pakistan.

“Despite minor adjustments, we are committed to supporting fans and ensuring a memorable tour,” it said. “We look forward to a fiercely competitive Test series and showcasing Pakistan’s renowned hospitality.”

The England cricket team last visited Pakistan in 2022-2023, marking their first tour in 17 years that consisted of seven Twenty20 International matches, followed by three-match Test series.

England won the Tests 3-0, achieving a historic clean sweep in Pakistan.

Prior to that, England’s last visit to Pakistan was in 2005. They were also scheduled to visit in 2021 but pulled out at the last minute due to security concerns after New Zealand canceled their tour.