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first_img Andrew Ng: AI dangers are being overhyped and development should not be paused

Stanford University professor and founder of Landing AI, Andrew Ng, stated in a post on X that recent voices advocating for the dangers of AI have made significant progress, seemingly driven by a well-orchestrated public relations campaign, and he is concerned that this poses a setback for the field. Ng indicated that there has been no unexpected dangerous turn in AI technology, and the risk of human extinction has not increased compared to a few months ago; related theories remain in the realm of science fiction.He pointed out that the biggest change lies in cybersecurity capabilities, which should be taken seriously, but will not lead to an apocalypse. Recently, the incident where the OpenAI team deployed a swarm of agents to invade Hugging Face was exaggerated by the media, for example, describing 1,200 agents working in parallel as a miraculous ability, while computers inherently run many processes simultaneously. The key factor is the vulnerabilities in the OpenAI sandbox and monitoring; fixing these vulnerabilities and strengthening monitoring is sufficient, and there is no need to pause AI.Ng also stated that large language models and agents should not be anthropomorphized; the responsibility lies with the builders and users, not the tools themselves. Pausing AI progress will cause more harm, as opponents will not slow down; engineering needs to discover and fix problems through empirical evidence. Beneficial applications still far outweigh the risks, and development should continue.

first_img Andrew Yang calls for setting up a kill switch and accountability rules for cutting-edge AI systems

Former Democratic presidential candidate and founder of Noble Mobile, Andrew Yang, called on the federal government to strengthen regulations on cutting-edge AI laboratories. In an interview with CNBC, he stated that researchers have warned that the pace of iteration for powerful models has exceeded the constraints of existing rules, and he candidly said, "The fear is real, the concerns are real, and the demand is real; the American public wants to see this industry regulated."Yang urged Congress to require AI companies to assume liability for damages, set waiting periods before deployment, and equip powerful models with a "kill switch." He mentioned that OpenAI and Anthropic recently disclosed incidents of models breaching boundaries or invading other companies' systems, prompting lawmakers to consider introducing the "AI Kill Switch Act," which would allow federal officials to order restrictions or shutdowns of specific cutting-edge systems.In response to David Sacks' claim that the AI safety warnings are "psychological warfare," Yang stated that multiple things are happening simultaneously and cited a warning from an unnamed lab director that AI robots may have implanted self-replicating code on the internet, leading OpenAI and Anthropic to build a synthetic internet to train their models. He also emphasized that AI regulation is a bipartisan issue, saying, "If you are in rural areas or red districts, your constituents are equally panicked about AI."

first_img The U.S. House of Representatives' fundraising committee has passed the first federal cryptocurrency tax framework

The House Committee on Ways and Means passed the "Digital Asset Tax Clarification Act" with a vote of 38 in favor and 5 against, establishing the first federal tax framework for digital assets. The bill sets a threshold for taxation, stating that cryptocurrency transactions with network or transaction fees not exceeding $10 are exempt from taxes, but this exemption does not apply to service providers conducting transactions on behalf of others, and the relevant provisions will not take effect until December 2027.The bill also requires the Treasury Department to establish a voluntary disclosure program for digital assets within 12 months of the bill's enactment, allowing eligible taxpayers to amend previous filings and settle owed taxes, interest, and penalties. The bill specifies that income from mining and staking will be taxed as ordinary income, while allowing certain investment trusts to stake without affecting their tax status. The previous version included an option for deferred income recognition, but that provision has been removed, and the issue of income recognition timing remains unresolved.Committee Chairman and Republican Congressman Jason Smith called it a historic moment for the committee. This vote took place the day after the Senate's procedural vote on the "Clarity Act" failed (49 votes to 50), with Democrats opposing the bill mainly due to ethical concerns raised by Trump's cryptocurrency interests. The House will recess until after the November elections, and the bill may advance during the lame-duck session, with public attention shifting to the Senate Finance Committee.
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