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 Saudi Arabia 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

Turkish-American activist’s family awaits body for burial

Turkish-American activist’s family awaits body for burial
Updated 4 min 47 sec ago
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Turkish-American activist’s family awaits body for burial

Turkish-American activist’s family awaits body for burial
  • Her family is still waiting for Eygi’s body to arrive and is hoping to bury her in the southwestern town of Didim on Friday

DIDIM, Turkiye: The family of a Turkish-American activist killed during a protest in the occupied West Bank is expecting to bury her in Turkiye, her uncle told AFP on Wednesday.
Aysenur Ezgi Eygi was shot dead last week while demonstrating against Israeli settlements in the occupied West Bank town of Beita.
The United Nations rights office has accused Israeli forces of having shot Eygi, 26, in the head.
The Israeli army has acknowledged opening fire in the area and said it was looking into the case.
Her family is still waiting for Eygi’s body to arrive and is hoping to bury her in the southwestern town of Didim on Friday.
“It’s sad but it’s also a source of pride for Didim,” Eygi’s uncle Ali Tikkim, 67, told AFP.
“It’s important that a young girl, martyred and sensitive to the world is buried here.”
Eygi was a frequent visitor to the Aegean seaside resort.
“It’s likely that the funeral will take place on Friday but nothing is certain,” said Tikkim, who said he believed her body was still in Israel.
“Israel asked for an autopsy” but Eygi’s parents refused and have “hired a lawyer” to inform Israeli authorities, Tikkim said.
The US embassy in Turkiye’s capital Ankara said it was “following the case” but refused to comment.
Tikkim said that Eygi’s mother, who lives in Seattle on the US west coast, arrived in Didim on Wednesday and that her father was on his way.
The family wanted Eygi to be buried in Didim, where her grandfather lives and her grandmother has been laid to rest, said Tikkim.
“Aysenur was here about two weeks ago. She came here twice a year when she could, to swim and visit her family,” he said.
“Then she told us she was going to Jordan. She went to Palestine for humanitarian reasons.”
Turkish President Recep Tayyip Erdogan has vowed to ensure “that Aysenur Ezgi’s death does not go unpunished.”
US President Joe Biden on Wednesday called for Israel to provide “full accountability” for Eygi’s death.


France’s new PM says to form government ‘next week’

France’s new PM says to form government ‘next week’
Updated 8 min 38 sec ago
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France’s new PM says to form government ‘next week’

France’s new PM says to form government ‘next week’

REIMS: France will have a new government next week, recently installed conservative Prime Minister Michel Barnier said on Wednesday, as he sounded out candidates to run ministries faced with an unpredictable hung parliament.

“We’re going to do things methodically and seriously,” Barnier told reporters in the eastern city of Reims.

He was “listening to everybody” in a political scene split into three broad camps since July’s inconclusive snap parliamentary elections.

“We’re going to name a government next week,” he said.

Later on Wednesday, his own right-wing Republicans (LR) party announced that they were ready to join his government. The party was reduced to just 47 deputies in the 577-seat National Assembly in July’s elections.

Barnier, who has previously served as the environment, foreign and agriculture ministers and was the EU’s former chief Brexit negotiator, was named last week by President Emmanuel Macron as his compromise pick for head of government.

With no longer even a working majority in parliament following his decision to dissolve the National Assembly, Macron delayed picking a PM for weeks over the summer as he tried to find someone who would not suffer an immediate no-confidence vote.

The chamber is fairly equally divided between Macron’s centrist supporters — now loosely allied with Barnier’s rump conservative party — the left-wing NFP alliance and the far-right National Rally (RN).

NFP leaders have vowed to vote no confidence in any government not headed by them after they secured the most seats in the July vote, but fell well short of a majority.

Macron appears to have taken care to find a candidate in Barnier who does not immediately raise the hackles of the RN.

Rumours are swirling in Paris about who might claim key ministries after Barnier said he was open to working with people on the left or right.

“For now, the names in circulation seem to be just wish lists of people wanting to receive a ministerial portfolio,” Politico’s French edition wrote on Wednesday.

One prominent Socialist, Karim Bouamrane, mayor of the Paris suburb of Saint-Ouen, said he had turned down an invitation to serve.

“We have a right-wing prime minister approved of by the RN, a prime minister under supervision,” Bouamrane told Franceinfo radio.

An October 1 deadline to file a draft government budget for 2025 puts Barnier under pressure to get moving and sets him and his new team up for a fierce battle over taxes and spending.

In particular, both the NFP and RN promised ahead of the July elections to overturn last year’s unpopular pension reform that increased the official retirement age to 64 from 62.


Trump and Harris attend 9/11 memorial after brutal debate

Trump and Harris attend 9/11 memorial after brutal debate
Updated 11 min 23 sec ago
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Trump and Harris attend 9/11 memorial after brutal debate

Trump and Harris attend 9/11 memorial after brutal debate

NEW YORK: Kamala Harris and Donald Trump shook hands Wednesday at New York’s 9/11 memorial to mark the anniversary of the attacks, briefly putting politics aside hours after they clashed in a fiery presidential debate.

The solemn display of unity was a stark contrast to the evening before, when the Democratic vice president forced the rattled Republican former president onto the defensive in a bruising televised encounter.

Any sense of harmony from the commemoration of the 2001 Al-Qaeda attacks is likely to be short-lived, with the US election still on a knife-edge with less than eight weeks to go, despite polls showing a crushing debate win for Harris.

The 78-year-old Trump came out swinging even before the ceremony, claiming — without evidence — in an interview with Fox News that the ABC News debate in Philadelphia was “rigged” against him.

“It was a rigged deal, as I assumed it would be, because when you looked at the fact that they were correcting everything and not correcting with her,” he complained — referring to pushback from the moderators to some of his brazenly false statements.

The debate was watched by 57.5 million Americans, according to preliminary figures from ratings agency Nielsen — more than the 51.3 million who watched the catastrophic performance in June that forced President Joe Biden out of the race.

Trump appeared to be in two minds about the Harris campaign’s call for a second debate. He initially said on social media “why would I do a rematch?” but later said he’d be ready for two more.

The rivals kept their animosity hidden at the Ground Zero memorial, however, in an extraordinary encounter that also included the outgoing president.

Biden, 81, looked on as Harris and Trump shared their second handshake in the space of a few hours — having had their first ever such greeting at the start of the debate, in an unexpected move initiated by Harris.

Wearing commemorative blue ribbons, they all then watched as the names of the almost 3,000 victims of the attacks on the Twin Towers were read out.

“We stand in solidarity with their families and loved ones. We also honor the extraordinary heroism on display that fateful day by ordinary Americans helping their fellow Americans,” Harris said in a statement.

She and Biden headed later to the site in Pennsylvania where a hijacked plane crashed on 9/11, with Trump following later.

During his visit, Biden briefly donned a red “Trump 2024” cap given to him by a Trump-supporting firefighter. The image went viral but the White House said it was a gesture of “unity.”

Biden and Harris later visited the site where another jet was flown into the Pentagon outside Washington in 2001.

The solemn atmosphere could not have been more different to Wednesday night’s debate.

Both candidates declared victory but it was former prosecutor Harris who landed blows on issues including abortion, and repeatedly managed to bait convicted felon Trump into angry remarks on past grievances.

Trump also boosted a debunked claim about migrants eating pet cats and dogs in Ohio, earning a correction from the ABC moderator.

A CNN snap poll said Harris performed better than Trump by 63 percent to 37, while a YouGov poll said Harris laid out a clearer plan by 43 to 32 percent.

US media and commentators broadly agreed Harris had come out on top — but that it may not move the dial much in a deeply polarized and entrenched electorate.

“I thought Kamala did a good job... and kind of gave us hope,” Tanya James, a retired teacher from Texas, said Wednesday outside the White House.

Ikaika Juliano, a musician from Florida, thought however that the Democratic contender “is fake.”

Harris meanwhile got a boost with pop megastar Taylor Swift offering her backing minutes after the debate. Trump said Swift would “probably pay a price for it in the marketplace.”

But the race remains neck and neck going into the final stretch.

Harris heads Thursday to North Carolina and Trump is due onstage in Arizona, two of the half-dozen swing states expected to decide the election.


Hamas meets with mediators in Doha over Gaza truce

Hamas meets with mediators in Doha over Gaza truce
Updated 11 September 2024
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Hamas meets with mediators in Doha over Gaza truce

Hamas meets with mediators in Doha over Gaza truce
  • The Palestinian group said they had discussed “developments concerning the Palestinian cause and the aggression on the Gaza Strip“
  • Months of behind-the-scenes negotiations mediated by Qatar, Egypt and the United States have failed to secure a halt to the fighting

DOHA: A Hamas delegation met Qatari and Egyptian mediators in Doha on Wednesday to discuss a truce in Gaza and a potential hostage and prisoner exchange, the militant group said in a statement.
Hamas said its lead negotiator Khalil Al-Hayya met with Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani and Egypt’s intelligence chief Abbas Kamel.
The Palestinian group said they had discussed “developments concerning the Palestinian cause and the aggression on the Gaza Strip” without indicating that talks had resulted in a breakthrough.
Months of behind-the-scenes negotiations mediated by Qatar, Egypt and the United States have failed to secure a halt to the fighting between Hamas and Israel, with the exception of a one-week truce beginning in late November.
During the sole pause in the now 11-month war, 105 hostages were released to Israel in exchange for 240 Palestinian prisoners under the deal struck by mediators.
Recent rounds of mediation held in Doha and Cairo have been based on a framework laid out in May by US President Joe Biden and a “bridging proposal” presented to the parties in August.
The Hamas statement reiterated its “readiness for the immediate implementation of the ceasefire agreement based on President Biden’s declaration.”
Pressure for a deal has intensified after Israeli authorities announced the deaths of six hostages at the start of September when their bodies were recovered from a Gaza tunnel.
But in the face of the external calls for an agreement, both Israel and Hamas have publicly signalled deeper entrenchment in their negotiating positions.
Israel’s Prime Minister Benjamin Netanyahu has doubled down in his calls for Israeli control of the so-called Philadelphi Corridor on the Gaza-Egypt border — a key sticking point in negotiations — saying it was necessary to stop Hamas from rearming
Last week, Egypt and then Qatar rejected the charge that the border was being used to arm Hamas, accusing Netanyahu of trying to distract Israeli public opinion and obstruct a ceasefire deal.
In the statement on Wednesday, Hamas also restated its demand for Israel’s withdrawal from “all Gaza territories.”
The militant group also claimed it had not placed any further demands on negotiators and at the same time was “rejecting any new conditions to this agreement from any party.”


Haiti condemns bogus claim about US pet-eating migrants pushed by Trump

Haiti condemns bogus claim about US pet-eating migrants pushed by Trump
Updated 11 September 2024
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Haiti condemns bogus claim about US pet-eating migrants pushed by Trump

Haiti condemns bogus claim about US pet-eating migrants pushed by Trump
  • Donald Trump: ‘In Springfield, they’re eating the dogs — the people that came in — they’re eating the cats, they’re eating the pets of the people that live there’
  • When ABC News debate moderator David Muir debunked the claim to him, Trump insisted that he had seen ‘people on television say their dog was eaten’

PORT-AU-PRINCE: Haiti’s government on Wednesday condemned “discriminatory remarks” made by US presidential candidate Donald Trump and other Republicans, who spouted debunked claims that Haitian migrants were eating pet cats and dogs in the state of Ohio.
“Unfortunately, this is not the first time that compatriots abroad have fallen victim to disinformation campaigns, been stigmatized and dehumanized to serve electoral political interests,” the government said.
“We firmly reject these remarks, which undermine the dignity of our compatriots and could endanger their lives,” it added.
Several Republican figures this week circulated claims that Haitian migrants were killing and eating the pets of residents in Springfield in Ohio — accusations that the city’s manager said had no basis in fact.
On Tuesday, Trump repeated the bogus claims in his televised presidential debate with Democrat Kamala Harris, which was watched by tens of millions of people in the United States and around the world.
“In Springfield, they’re eating the dogs — the people that came in — they’re eating the cats, they’re eating the pets of the people that live there,” the former US president said.
When ABC News debate moderator David Muir debunked the claim to him, Trump insisted that he had seen “people on television say their dog was eaten.”
The owner of X, Elon Musk, has also used his social network to help circulate the baseless claims, which quickly garnered attention in the United States, where two-thirds of households own pets.