OMG NEWS OF THE DAY
Countdown to Midnight: Doomsday Clock Adds AI as Existential Threat
The symbolic Doomsday Clock, which measures the world’s vulnerability to global disasters, has made a striking update. Now ticking at 90 seconds to midnight, the clock cites artificial intelligence (AI) as a new existential threat alongside nuclear dangers and climate change. The Bulletin of the Atomic Scientists, founded by luminaries like Albert Einstein, recognizes AI’s potential global impact and urges proactive measures. Amid concerns of AI misuse in military and information operations, various countries are already taking steps to regulate and mitigate its risks.
$20 Million Ruling in Crowd Machine’s ICO Case: A Lesson in Accountability
A Californian court has ordered Crowd Machine and Metavine, creators of the Compute Token, to pay over $20 million in disgorgement, interest, and penalties. This stems from a 2018 initial coin offering (ICO) that the U.S. Securities and Exchange Commission (SEC) deemed fraudulent and unregistered. The project, designed to reimburse computer owners for computing power and pay programmers for code, never materialized. This ruling serves as a reminder of the SEC’s scrutiny over ICOs and emphasizes the need for accountability in the crypto space.
Judicial Blow to Crypto Donation Freeze: Canada’s Emergency Law Ruled Unconstitutional
The Federal Court of Canada has declared an emergency law, enabling the freezing of crypto donations to protesting truckers, as unreasonable and unconstitutional. In February 2022, the Emergencies Act was invoked to halt funds to the ‘Freedom Convoy’ protesting COVID-19 restrictions. The court’s decision sets a crucial precedent against the government’s use of emergency powers, highlighting the need for such measures to be a tool of last resort. As Canada plans to appeal, the ruling signals a victory for civil liberties.
Read More: Canada’s Concerns on AI-Generated Deepfake Disinformation Campaigns
TWEETS OF THE DAY
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