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Trump's US Fed nominee Warsh vows independence, says he's no 'sock puppet'

Al Jazeera

Why did Trump fire Pam Bondi? Trump's US Fed nominee Warsh vows independence, says he's no'sock puppet' Kevin Warsh, United States President Donald Trump's pick to lead the Federal Reserve, has addressed concerns about his independence pending his appointment to the bank amid fears that Trump could sway his decisions on monetary policy. On Tuesday, Warsh -- who served on the central bank's Board of Governors from 2006 to 2011 -- faced waves of criticism during a confirmation hearing of the Senate Banking Committee where Democrats voiced concerns about the Fed's independence should he be appointed to lead the organisation. "I do not believe the operational independence of monetary policy is particularly threatened when elected officials -- presidents, senators, or members of the House -- state their views on interest rates," Warsh said. "Monetary policy independence is essential. Monetary policymakers must act in the nation's interest . . . Warsh, 56, also called for "regime change" at the US central bank, including a new approach for controlling inflation and a communications overhaul that may discourage his colleagues from saying too much about the direction of monetary policy. Warsh blamed the central bank for an inflation surge after it slashed interest rates to nearly zero in the wake of the COVID-19 pandemic, a move that continues to hurt US households. Concerned by the implications of artificial intelligence for jobs - expected to increase productivity - and prices, he said he would move quickly to see if new data tools could provide better insight on inflation, and would also discourage policymakers from saying too much about where interest rates might be heading. "What the Fed needs are reforms to its frameworks and reforms to its communications," the former Fed governor said. "Too many Fed officials opine about where interest rates should be That is quite unhelpful." Warsh has also long been an advocate for shrinking the Fed's $6.7 trillion balance sheet. In the Tuesday hearing, he said any such plans would take time and must be publicly discussed well in advance. Jai Kedia, a research fellow at the Center for Monetary and Financial Alternatives at the libertarian Cato Institute, told Al Jazeera that there were many "encouraging" signs in Warsh's candidacy. "Warsh is presenting himself as a regime change candidate at a time when the Fed needs serious reform," Kedia noted. "Particularly encouraging was his understanding of the negative effects of QE and his focus on reducing the balance sheet.


OpenAI faces criminal probe over role of ChatGPT in shooting

BBC News

OpenAI is facing a criminal investigation in the US over whether its ChatGPT technology played a part in the murder of two people during a mass shooting at Florida State University last year. Florida's Attorney General James Uthmeier said on Tuesday his office had been looking into the use of the artificial intelligence (AI) chatbot by a man who allegedly shot several people at the campus in Tallahassee. Our review has revealed that a criminal investigation is necessary, Uthmeier said. ChatGPT offered significant advice to this shooter before he committed such heinous crimes. An OpenAI spokesperson said: ChatGPT is not responsible for this terrible crime.


OpenAI Beefs Up ChatGPT's Image Generation Model

WIRED

The ChatGPT Images 2.0 model is here. Our testing shows it's better at creating more detailed images and rendering text, but it still struggles with languages other than English. OpenAI launched a new image generation AI model on Tuesday, dubbed ChatGPT Images 2.0. This model can generate more than one image from a single prompt, like an entire study booklet, as well as output text, including in non-English languages, like Chinese and Hindi. This release is available globally for ChatGPT and Codex users, with a more powerful version available for paying subscribers.


Wave of US jets spotted nearing Middle East as theories swirl over next stage of Iran war

Daily Mail - Science & tech

Driver who hit and killed jogger father-of-two sues victim's estate claiming incident left him with severe PTSD Sydney Sweeney's role is cut from The Devil Wears Prada 2 New'Hollywood dose' pill: A-listers hooked on'youth elixir' that dermatologists say is anti-aging, shrinks pores, smooths wrinkles... and even banishes rosacea Alarm over popular new coffee chain invading the US... as experts warn of chilling secret behind its $1.99 brew Ark of the Covenant's final resting place pinpointed by archaeologists as fresh search begins Truth about your Mounjaro injection site: Our expert doctors reveal exactly where you should inject yourself for the best results, what to do if your weight loss has slowed down... and the areas you should NEVER jab America's scariest hospital where patient and multiple staffers have been attacked in weeks since pepper spray and batons were banned Jordon Hudson extends her control over Bill Belichick's empire with secret move that is set to leave his family and friends furious Beloved Republican mayor of small Great Plains town could be deported over'mistake' he insists was an innocent one Humiliating moment runner celebrates winning marathon... only to be pipped at the line by rival in brutal finish Life-threatening cantaloupe recall in four states upgraded to FDA's highest risk level... 'reasonable probability of death' A parade of US Air Force jets has been detected flying near the Middle East on Tuesday, as President Donald Trump's ceasefire with Iran hangs in the balance. Flight tracking websites show at least five C-17 Globemaster III aircraft moving toward Saudi Arabia after leaving a key Nato installation in Germany . Trump announced a 14-day ceasefire with Iran on April 7, with the pause in hostilities expected to expire on Wednesday evening, April 22 . On Tuesday, Trump signaled that US forces are prepared to resume military operations if negotiations fail to produce an agreement. Trump told reporters the military is'raring to go,' adding that he expects bombing could resume if no deal is reached before the deadline, while expressing confidence that talks could still result in what he described as a'great deal.'


Mozilla Used Anthropic's Mythos to Find and Fix 271 Bugs in Firefox

WIRED

Mozilla Used Anthropic's Mythos to Find and Fix 271 Bugs in Firefox The Firefox team doesn't think emerging AI capabilities will upend cybersecurity long term, but they warn that software developers are likely in for a rocky transition. Amid a raging debate over the impact that new AI models will have on cybersecurity, Mozilla said on Tuesday that its Firefox 150 browser release this week includes protections for 271 vulnerabilities identified using early access to Anthropic's Mythos Preview . The Firefox team says that it has taken resources and discipline to adjust to the firehose of bugs that new AI tools can uncover, but that this big lift is necessary for the security of Mozilla's users, given that the capabilities will inevitably be in attackers' hands soon. Both Anthropic and OpenAI have announced new AI models in recent weeks that the companies say have advanced cybersecurity capabilities that could represent a turning point in how defenders--and, crucially, attackers--find vulnerabilities and misconfigurations in software systems. With this in mind, the companies have so far only done limited private releases of their new models, and both have also convened industry working groups meant to assess the advances and strategize.


Four key takeaways from Apple's change of leadership

The Guardian

The new Apple chief faces major geopolitical challenges such as diversifying the supply chain away from China. The new Apple chief faces major geopolitical challenges such as diversifying the supply chain away from China. John Ternus takes over from Tim Cook as chief executive of Apple in September. A company insider, Ternus is moving up from his role as head of engineering to take control of the entire $4tn (£3tn) business. Apple is a vast, successful tech company and one of the most recognised brands in the world.


People keep trespassing near cave filled with bats infected by Ebola's cousin

Popular Science

Environment Animals Wildlife Bats People keep trespassing near cave filled with bats infected by Ebola's cousin The Marburg virus disease can reach a nearly 90 percent mortality rate. More information Adding us as a Preferred Source in Google by using this link indicates that you would like to see more of our content in Google News results. Epidemiologists believe the Marburg virus disease is primarily transmitted to humans through Egyptian fruit bats. Breakthroughs, discoveries, and DIY tips sent six days a week. You do not want to contract Marburg virus disease (MVD).



Tim Cook's Legacy Is Turning Apple Into a Subscription

WIRED

Tim Cook's Legacy Is Turning Apple Into a Subscription The soon-to-exit Apple CEO went all in on services. Now, the incoming CEO, John Ternus, will need to embrace the AI era. Tim Cook's tenure as CEO at Apple, which is coming to a close September 1, will likely be defined by operational efficiency and financial growth, ushering Apple into its trillion-dollar era. But his most significant achievement might be in doubling down on Apple's services business, which includes iCloud, the App Store, Apple Music, Apple TV+, News+, and more. It's the subscription layer on top of iOS, and almost all of the service apps are tightly integrated with Messages, the glue that keeps people stuck to their iPhones .


How we discovered the speed limit of arithmetic – and broke it

New Scientist

Some seemingly simple sequences of multiplication and addition grow so quickly that they question the very foundations of mathematics. Did you hear the one about the man who invented chess and got himself executed? Legend has it that a man called Sessa, who lived in India long ago, developed the rules for the game and presented them to a king. The king was delighted and offered the man his pick of reward. Sessa asked for a supposedly humble quantity of rice.