AI Action Summit 2025 in Paris, France from February 9th-11th 2025: AGI, Energy & Compute Productivity & Love but Ensure human oversight of AI decision making. AI in the future of work, cyberattacks and misinformation, AI governance, AI for the public good, the risks of AI, and building trustworthy AI. A global charter for sustainable AI could be developed at the end of the summit. "Invest, invest, invest". Our mission is to ensure that AGI (Artificial General Intelligence) benefits all of humanity. "will enable us to live better, learn better, work better, care better and it’s up to us to put this artificial intelligence at the service of human beings,” Altman said.
It's not a coincidence that my nickname from my girlfriend is "France", Paris, "The City Of Love" and the original "Radio City" of Europe; and my birthday is February 9th. See my post on "Coincidence Theory". And, according to the Pope "Love Is Worth More Than Intelligence". But, "can't we have both"? Fluidstack CEO says that in the coming decade “France will no longer export electricity – it will export intelligence.” I even sung 100 Love Songs about it. The ultimate goal of artificial intelligence is to provide scales of efficiency gains in order to enable humankind to become more productive while also improving safety and our longevity. However, there was no "plan" for what happens next. It could become a "Crisis of Purpose" for humanity. The goal of this publisher is to build Earth like it is in Heaven; while also providing the anonymity of transactions, freedom of movement, eleminating taxation and taking full-advantage of energy and efficiency gains; which all leads to price deflation and a world of Infinite Abundance with nothing left to impede human progress but our imagination. Like I've always said "If energy, food, water and transportation is nearly free, then why does Caesar need my free energy"; it could just get all the energy they need by themselves.
BREAKING: February 13th 2025 Elon Musk on OpenAI, Grok 3 and DOGE Cost-Cutting Measures
FEATURED: February 12th 2025 How the world stopped worrying and learned to love AI Politicians have shifted from AI regulation to innovation — and the industry loves it. https://www.politico.eu/article/ai-action-summit-france-paris-macron-vance-modi-artificial-intelligence-technology/
AI Action Summit in Paris, France from (10 & 11 February 2025). Fei-Fei Li, co-director of the Institute for Human-Centered AI at Stanford University. Topics such as AI in the future of work, cyberattacks and misinformation, AI governance, AI for the public good, the risks of AI, and building trustworthy AI. A global charter for sustainable AI could be developed at the end of the summit. "Invest, invest, invest". https://www.diplomatie.gouv.fr/en/french-foreign-policy/digital-diplomacy/news/article/ai-action-summit-10-11-feb-2025
AI summit 2025 LIVE: Watch speeches by world leaders in Paris
Is Europe playing its last card in Paris? "The Paris summit reveals a strategic dilemma: on the one hand, Europe wants to set global standards with strict AI regulation, while on the other hand it fears falling behind technologically. This dual strategy - wanting to be both a referee and a player - threatens to water down both goals," emphasises Anselm Küsters, cep Head of Digitalisation, in a statement on the summit. With the AI Act, the EU must reconcile its regulatory ambitions with the promotion of innovation in order to avoid falling behind the billions of euros invested by the US and China. But it is not just about competitiveness. Beyond the economic aspects, the summit also emphasises the need for socially accepted and ethically responsible AI. "We need to create the civilisational conditions for the productive, ethical and humane development of AI," stresses Henning Vöpel, cep CEO. Europe's role is not only that of a regulator, but also that of a pioneer for a technological transformation that is in line with its values and culture. This summit is a crucial test of whether Europe, with its own vision and strategy, can finally become a major player in the global AI race with the US and China. https://www.cep.eu/eu-topics/details/ai-action-summit-2025-is-europe-playing-its-last-card-in-paris.html
United Nations Secretary-General António Guterres will take part in the Artificial Intelligence (AI) Action Summit. The event is co-chaired by French President Emmanuel Macron and Indian Prime Minister Narendra Modi. Chinese Vice Premier of the State Council Zhang Guoqing, US Vice President JD Vance, Canadian Prime Minister Justin Trudeau and European Commission President Ursula von der Leyen are among dignitaries attending the summit. https://unric.org/en/artificial-intelligence-the-un-at-paris-summit/
Three Observations by Sam Altman of OpenAI:
Our mission is to ensure that AGI (Artificial General Intelligence) benefits all of humanity. Sam Altman. "AGI will be the biggest lever ever on human willfulness, and enable individual people to have more impact than ever before, not less." "we believe that trending more towards individual empowerment is important; the other likely path we can see is AI being used by authoritarian governments to control their population through mass surveillance and loss of autonomy." 1. The intelligence of an AI model roughly equals the log of the resources used to train and run it. 2. The cost to use a given level of AI falls about 10x every 12 months, and lower prices lead to much more use. . The socioeconomic value of linearly increasing intelligence is super-exponential in nature. https://blog.samaltman.com/three-observations
Statement from Dario Amodei of Anthropic:
Time is short, and we must accelerate our actions to match accelerating AI progress. Possibly by 2026 or 2027 (and almost certainly no later than 2030), the capabilities of AI systems will be best thought of as akin to an entirely new state populated by highly intelligent people appearing on the global stage—a “country of geniuses in a datacenter” — could represent the largest change to the global labor market in human history, with the profound economic, societal, and security implications that would bring. There are potentially greater economic, scientific, and humanitarian opportunities than for any previous technology in human history—but also serious risks to be managed. Third, while AI has the potential to dramatically accelerate economic growth throughout the world, it also has the potential to be highly disruptive. https://www.anthropic.com/news/paris-ai-summit
February 12th 2025 Statement by Meta: Partnering With Artists for the AI Action Summit in Paris https://about.fb.com/news/2025/02/partnering-with-artists-for-the-ai-action-summit-in-paris/amp/
February 12th 2025 Statement by Mozilla: Paris AI Action Summit: A milestone for open and “Public AI” https://blog.mozilla.org/en/mozilla/paris-summit/
AI Action Summit 2025 Agenda
- Time for innovation
February 11th 2025 Emmanuel Macron at Paris AI summit: 'It's time for innovation'. France and Europe must seize the “opportunity” because AI "will enable us to live better, learn better, work better, care better and it’s up to us to put this artificial intelligence at the service of human beings,” he said. https://www.france24.com/en/video/20250211-replay-emmanuel-macron-at-paris-ai-summit-it-is-time-for-innovation
- The future of work
While AI is billed as a technology that will supercharge productivity - allowing industries to do more with less, and at an accelerating pace - precisely how these benefits are pursued is what matters. What do policymakers and managers need to do to ensure that new tools serve not only capital but also labor, consumers, and society more broadly?
February 15th 2025 Report: Meta Betting on AI-Powered Humanoid Robots https://www.pcmag.com/news/report-meta-betting-on-ai-powered-humanoid-robots
February 14th 2025 China’s EV giants are betting big on humanoid robots https://www.technologyreview.com/2025/02/14/1111920/chinas-electric-vehicle-giants-pivot-humanoid-robots/
Elon Musk says the ultimate goal of DOGE is high productivity jobs and efficiency gains
How The Tesla Bot Will End Work
Tesla robotaxis by June? Musk turns to Texas for hands-off regulation https://www.reuters.com/technology/tesla-robotaxis-by-june-musk-turns-texas-hands-off-regulation-2025-02-10/
- Cyberattacks and privacy
The MIT AI risk Repository is a comprehensive living database of over 700 AI risks categorized by their cause and risk domain. https://parispeaceforum.org/projects/the-ai-risk-repository/
Tesla's Refreshed Model Y will include a new 4D cabin radar for more accurate passenger detection and increased safety features for occupants. https://www.notateslaapp.com/news/2532/new-tesla-model-y-adds-4d-radar-calls-911-if-child-left-behind-increases-safety
AI in children’s toys and entertainment – engaging experience or dangerous data collecting? https://www.thenationalnews.com/lifestyle/wellbeing/2025/02/11/ai-childrens-toys-grok-miko-robot/
AI's mission is to anticipate and educate on the opportunities and risks AI presents for children and adolescents, when cerebral development is still ongoing and more vulnerable (0-25 years old). Our project focuses on developing content aimed at protecting their cognitive and emotional development, based on scientific research and expert consultation. https://parispeaceforum.org/projects/safeguarding-child-development-in-the-ai-era/
- Misinformation and censorship
The Domain Taxonomy of AI Risks classifies these risks into seven domains (e.g., “Misinformation”) and 23 subdomains (e.g., “False or misleading information”).
"How Can AI Enhance the Integrity of Information?", organised by Viginum and the OECD with the support of the French Ministry of Culture.
Vance tells Europeans that heavy regulation could kill AI and calls to reject content moderation and censorship https://www.reuters.com/technology/artificial-intelligence/europe-looks-embrace-ai-paris-summits-2nd-day-while-global-consensus-unclear-2025-02-11/
Vance: At the Paris summit, the US charge against AI 'censorship' Vice president JD Vance warned against 'excessive regulation' of AI, particularly in the European Union. In response, Emmanuel Macron and Ursula von der Leyen argued for a 'third way,' while touting their investments in the sector. Then sounded the charge both against "censorship" by authoritarian regimes, targeting China without naming it, and against Europe's desire to regulate these booming technologies. This was all in the name of defending "prosperous communities" and "free speech," While Elon Musk, the controversial owner of X, refrained from even remotely participating, Trump's right-hand man took it upon himself to multiply the warnings.
"Excessive regulation of the AI sector could kill a transformative industry," said the US vice president, saying the Trump administration was also "troubled by reports that some foreign governments are considering tightening screws on US tech companies." "America cannot and will not accept that," he said, also tackling European regulations DSA (Digital Services Act), on social media, and GDPR https://www.lemonde.fr/en/economy/article/2025/02/12/at-the-paris-summit-the-us-charge-against-ai-censorship_6738046_19.html
How are web platforms protecting the German electorate from fake news? https://www.euronews.com/next/2025/02/10/how-are-web-platforms-protecting-the-german-electorate-from-fake-news
- AI governance
US and UK refuse to sign Paris summit declaration on ‘inclusive’ AI and criticises Europe’s ‘excessive regulation’ of technology. "Trust and Transparency in the Era of Synthetic Media", organised by the Coalition for Content Provenance and Authenticity (C2PA).
Elon Musk’s DOGE is feeding sensitive federal data into AI to target cuts. Elon Musk’s DOGE is feeding sensitive federal data into AI to target cuts https://www.washingtonpost.com/nation/2025/02/06/elon-musk-doge-ai-department-education/
Governments at all levels are using AI and automated decision-making systems to expand or replace law enforcement functions, assist in public benefit decisions, determine housing eligibility, and more. https://epic.org/issues/ai/government-use-of-ai/
- AI for the public good
The private-sector AI investment boom has raised questions about whether these new technologies and services will be widely accessible to all segments of society, rather than to just a few first-movers or dominant firms. What needs to happen to ensure that the fruits of the investment boom ultimately serve the public interest and the common good?
'Public Interest' AI Partnership called "Current AI". 11 Tech Bosses Back Launch Of 'Public Interest' AI Partnership called "Current AI" https://www.barrons.com/news/11-tech-bosses-back-launch-of-public-interest-ai-partnership-c5a77a8c?refsec=topics_afp-news
February 25th 2025 A win at last: Big blow to AI world in training data copyright for Reuters. At least 38 AI-related copyright claims are pending before US courts. The decision in the five-year-old case against Ross Intelligence, accused of infringing content created by Thomson Reuters' Westlaw subsidiary by using it for training AI models, represents the first significant adverse decision against an AI firm with regard to copyright law. https://www.theregister.com/2025/02/12/thomson_reuters_wins_ai_copyright/
February 25th 2025 A win at last: Big blow to AI world in training data copyright scrap 26 comment bubble on white You gotta fight ... for your Reuters ... to party https://www.theregister.com/2025/02/12/thomson_reuters_wins_ai_copyright/
February 25th 2025 'DeepSeek moved me to tears': How young Chinese find therapy in AI https://www.bbc.com/news/articles/cy7g45g2nxno
Deputy News Director for Digital Strategy and Director of Communications, will speak at the session "How Can the Information Ecosystem Serve the Public Interest in the Age of AI?" https://www.afp.com/en/agency/inside-afp/inside-afp/ai-action-summit-afps-participation-three-panels
The MENA Observatory is a regional hub for responsible AI research. It focuses on knowledge translation through various formats, influences policy by engaging with policymakers, & builds networks with diverse stakeholders, including researchers, policymakers, civil society organizations, businesses, journalists, local communities, students, & international entities. https://parispeaceforum.org/projects/mena-observatory-on-responsible-ai/
Pope to Paris Summit: Ensure human oversight of AI decision making and to examine AI’s effects on human relationships, information, and education over time. https://www.vaticannews.va/en/pope/news/2025-02/pope-francis-to-artificial-intelligence-action-summit-in-paris.html
Pope Francis to Paris AI Action Summit: ‘Love Is Worth More Than Intelligence’ In his message, the Pope asked summit participants to have the “courage and determination” to defend humanity through their work. https://www.ncregister.com/cna/pope-francis-to-paris-ai-action-summit-love-is-worth-more-than-intelligence
China is willing to share achievements in AI to build "a community with a shared future for mankind"., vice premier says at Paris summit https://www.reuters.com/technology/artificial-intelligence/china-is-willing-share-achievements-ai-vice-premier-says-paris-summit-2025-02-11/
US and UK refuse to sign Paris summit declaration on ‘inclusive’ AI and criticises Europe’s ‘excessive regulation’ of technology https://www.theguardian.com/technology/2025/feb/11/us-uk-paris-ai-summit-artificial-intelligence-declaration
Education: New frontier of AI-powered ‘teacher-less’ charter schools get mixed reviews from state officials https://www.foxnews.com/politics/new-frontier-ai-powered-teacher-less-charter-schools-get-mixed-reviews-from-state-officials
Children: Children’s manifesto expresses hope for better education on AI ahead of Paris AI Action Summit https://www.turing.ac.uk/news/childrens-manifesto-expresses-hope-better-education-ai-ahead-paris-ai-action-summit
Healthcare: AI can automate tasks to free up a clinician's time to focus more on their patients, “humanizing” care in new ways. https://postgraduateeducation.hms.harvard.edu/trends-medicine/benefits-latest-ai-technologies-patients-clinicians
- The risks of AI
Gladstone AI CEOs outline how artificial intelligence will become ‘critical’ to national security and warfare. An Action Plan to increase the safety and security of advanced AI https://www.gladstone.ai/action-plan
Ally or threat? Paris summit weighs AI's impact on democracy. AI was “born from the business model of surveillance”. And when it comes to hacking, “data can be used as a weapon” against US democracy. https://www.france24.com/en/europe/20250211-ally-or-threat-paris-summit-weighs-ai-s-impact-on-democracy
AI is impersonating human therapists. Can it be stopped? https://www.vox.com/future-perfect/398905/ai-therapy-chatbots-california-bill
Musk a danger sign; Embedding medical policy in AI
- Building trustworthy AI
The AI Standards Hub addresses these challenges by providing ways for stakeholders to connect, stay informed, and shape developments in international AI standards, including through our interactive online database that tracks key AI standards, helping stakeholders understand, assess, and make informed use of them.https://parispeaceforum.org/projects/ai-standards-hub/
- A global charter for sustainable AI
Although AI holds the potential to transform a wide range of climate-related industries for the better, it is also a notoriously heavy user of electricity - and its energy footprint will only grow. How can we ensure that the technology becomes an overwhelmingly net positive for the planet? https://www.euronews.com/next/2025/02/10/data-centres-could-strain-europes-power-supply-by-2030-report-warns
Leak: EU sticks to 90% emissions cut, aims to be ‘world leader’ on circular economy https://www.euronews.com/my-europe/2025/02/18/leak-eu-sticks-to-90-emissions-cut-aims-to-be-world-leader-on-circular-economy
Indian companies show interest in 100GW of nuclear https://www.world-nuclear-news.org/articles/indian-companies-show-interest-in-nuclear
“There is no AI without energy,” he said, noting that “thousands” of data centres are going to be built. “This is the challenge for governments to find electricity in a clean way, in a sustainable way and in an affordable way.” “It is crucial to design AI algorithms and infrastructures that consume less energy and integrate AI into smart grids to optimize power use,” he insisted. “From data centres to training models, AI must run on sustainable energy so that it fuels a more sustainable future.” https://news.un.org/en/story/2025/02/1159996
Trudeau said Canada also has "the critical minerals needed to build this technological revolution, specialized semiconductor expertise, and one of the world's cleanest electricity grids." Trump revoked former President Joe Biden's executive order for AI guardrails and is replacing it with his own AI policy designed to maintain America's global leadership by, among other things, reducing regulatory barriers. To do so, we must build the infrastructure necessary to achieve this at the speed that matches AI development, and nuclear technologies will be a crucial part of the solution,” Trudeau said. https://mobilesyrup.com/2025/02/10/justin-trudeau-paris-ai-summit/
- Hyper Moore's law vs AI Efficiency Gains
Inspired by the US Environmental Protection Agency’s Energy Star ratings, our project establishes a global energy efficiency standard for AI. This initiative empowers the AI community—developers, enterprises, and users—to prioritize environmental responsibility while developing and deploying AI systems. https://parispeaceforum.org/projects/ai-energy-star-ratings/
February 16th 2025 Forget about Blu-ray, Fluorecent-ray discs may well be the future of optical data storage with 10TB capacities for $1 https://www.techradar.com/pro/forget-about-blu-ray-fluo-ray-discs-may-well-be-the-future-of-optical-data-storage-with-10tb-capacities-for-usd1
February 14th 2025 Want To Help The US Government Become More Productive? Increase Appliance And Building Efficiency https://cleantechnica.com/2025/02/14/want-to-help-the-us-government-become-more-productive-increase-appliance-and-building-efficiency/
February 12th 2025 China’s supercomputer chips get 10 times more powerful than Nvidia, claims study https://interestingengineering.com/innovation/chinese-gpus-surpass-nvidia
February 12th 2025 A Tesla uses 300-400X less materials than a gas car, can last for millions of miles and be fully recyclable. The Circular Economy of EV's - Why Critics Miss the BIG Picture - Redwood Proves Critics WRONG! DOE EV 90% vs Gas 30% Efficiency - Million Mile Semi, Truck & Cab https://teslaleaks.com/f/doe-ev-90%25-vs-gas-30%25-efficiency---million-mile-semi-truck-cab
February 12th 2025 Forget DeepSeek. Large language models are getting cheaper still A $6m LLM isn’t cool. A $6 one is https://www.economist.com/science-and-technology/2025/02/12/forget-deepseek-large-language-models-are-getting-cheaper-still
We believe in frugal AI—specialized models that consume less energy while maintaining high efficiency. OpenAI boss suggests there's the equivalent of Moore's law for AI and it's 'unbelievably stronger' https://www.pcgamer.com/software/ai/openai-boss-suggests-theres-the-equivalent-of-moores-law-for-ai-and-its-unbelievably-stronger/
APPLE Creates Robot Driver with 10,000 YEARS Experience!!
Macron also highlighted the frugal AI model, stating: "Our AI models will be cleaner because our electricity is clean. We believe in frugal AI—specialized models that consume less energy while maintaining high efficiency. India and France are set to announce a bilateral roadmap for collaboration in AI and establish a partnership for small modular nuclear reactors, alongside their existing cooperation in civil nuclear energy, defense, and space. "According to a PwC report, AI technologies are projected to contribute USD 15.7 trillion to the global GDP by 2030, marking a 14 per cent increase in economic growth. India Accounts for 40% of AI Agent Deployments Globally: Automation Anywhere driven by the demand from global capability centers (GCCs) and large Indian enterprises that are looking to optimize processes and reduce costs. "In India, banking, financial services and insurance (BFSI) is the largest adopter of AI followed by verticals like manufacturing, retail, and logistics," Shukla said. https://www.entrepreneur.com/en-in/technology/india-accounts-for-40-of-ai-agent-deployments-globally/486851
January 8th 2025 In his interview with TechCrunch, he doubled down on his claim from November 2024 that the AI industry is experiencing “hyper Moore's Law.” According to Huang, Nvidia's AI chips have seen a 1,000x improvement when compared to those being produced by the company a decade ago https://www.techspot.com/news/106246-jensen-huang-claims-nvidia-ai-chips-outpacing-moore.html
IRENA 2024 Tripling renewable power and doubling energy efficiency by 2030 https://www.irena.org/Digital-Report/Tripling-renewable-power-and-doubling-energy-efficiency-by-2030
- Compute Democracy
We want our own language models, data centers, and AI applications in France and India,". We want compute democracy. Get paid for your compute potential. Stargate Coin value is pegged to the coin company becoming a miner of unused, unsold and future Energy capacity, to develop a Compute potential network to be monitized and physical coins of precious metals to maximize coin value. AI leads to Unlimited Intelligence and towards a zero cost world with Infinite Abundance. https://stargatecoin.ai/stargate-coin
- Energy Freedom
We want to build our own energy in our own country. Energy democracy in France and India. Get paid for your energy production. Reduce regulations to allow humanity to build. Stablecoins are cryptocurrencies whose value is pegged to another currency, commodity or financial instrument (like Energy) as an alternative to the volatility of cryptocurrencies like Bitcoin, which has made crypto investments less suitable for transactions. Understanding Stablecoin Technology and Related Security Considerations https://stargatecoin.ai/what-is-a-stablecoin%3F-1
- "Action Compute"
AI leads to "Action Compute". "We are open to strange-sounding ideas like giving some “compute budget” to enable everyone on Earth to use a lot of AI, but we can also see a lot of ways where just relentlessly driving the cost of intelligence as low as possible has the desired effect." ActionOS: "Action Compute" Tesla’s Boldest Innovation Yet?
- Invest, Invest, Invest
Invest into energy freedom, energy democracy and their associated efficiency gains and get your cost close to $0.
Emmanuel Macron made a major announcement on Sunday evening, revealing a €109B investment in AI "over the coming years." This package includes the €30 to 50B promised by the UAE to build a giant data centre and the €20B pledged by the Canadian Brookfield fund for new data centre projects. “We’re living a technology and scientific revolution we’ve rarely seen,” French President Emmanuel Macron said Sunday on national television France
EU's AI push to get 50 billion euro boost, says von der Leyen https://www.reuters.com/technology/artificial-intelligence/eus-ai-push-get-50-bln-euro-boost-eus-von-der-leyen-says-2025-02-11/
Tesla needs 10X the compute or between $5-500B in the next 5-10 years
SoftBank Weighs Debt-Heavy Financing in $500 Billion AI Push https://www.bloomberg.com/news/articles/2025-02-10/softbank-explores-project-financing-for-much-of-500-billion-stargate-push
-- France / India Partnership
500,000 chips, nuclear energy to power one of world’s largest AI supercomputer Fluidstack CEO says that in the coming decade “France will no longer export electricity – it will export intelligence.” https://interestingengineering.com/innovation/fluidstack-france-ai-supercomputer
Macron highlighted that the France-India partnership extends beyond AI into defense, engineering training programs, and environmental initiatives, such as the International Solar Alliance, launched by Prime Minister Narendra Modi. Macron emphasised that France and India aim to establish a 'third way' in AI innovation—creating a strategic alternative to American and Chinese dominance. "We don't want to rely solely on U.S. and Chinese AI models. We want our own language models, data centers, and AI applications in France and India," he explained.
India cannot afford to lag behind and must take lessons from China's AI advancements, particularly in cost-effective model training, it said. The integration of AI with industries can unleash tremendous productivity, providing the foundational support and effective empowerment necessary for the liberation of productive forces. In an ideal scenario, this would drive a global effort toward this direction. Otherwise, it could exacerbate the wealth gap, lead to AI exploitation, create new technological oligarchs and power elites, and undermine the general safety and development of countries, widening the gap between countries and between different groups within a country, leading to a new intelligence divide, Shen Yi, a professor at Fudan University, told the Global Times. https://www.globaltimes.cn/page/202502/1328204.shtml
- AI Stablecoins
February 12th 2025 Fed’s Waller Says Scale of Stablecoins Rests on Harmonized Rules https://www.bloomberg.com/news/videos/2025-02-12/fed-s-waller-says-stablecoins-to-benefit-from-regulation-video
One Of The Fastest-Growing Segments In Digital Assets, Stablecoins Overtook Mastercard And Visa In Transaction Value In 2024. The Supply Of Stablecoins And The Number Of Active Stablecoin Addresses Hit All-Time Highs In 2024. Stablecoins Are Attracting Retail Interest, Thanks To The Lower Cost And Higher Efficiency Of Layer 2s. Peer-to-Peer Transactions And Personal Wallet Storage Dominate Stablecoin Use Cases. Counterbalancing ”De-Dollarization,” Stablecoins Are Increasing The Demand For US Government Debt As Collateral. Stablecoin Issuers Are Transferring Risk-Free Rates To Users. Stablecoins Could Increase From 0.17% to 0.9% Of Fiat* Global M2 Supply By 2030. https://stargatecoin.ai
Rep. Maxine Waters (D-Calif.) is encouraging Congress to pass stablecoin legislation previously drafted by her and the retired North Carolina Republican House Financial Services Committee Chair Patrick McHenry.
The bill re-introduced Monday creates a regulatory framework for stablecoins issued both by banks and nonbank financial companies, while barring nonfinancial companies from issuing stablecoins or owning a stablecoin issuer. Waters and McHenry never reached a final deal on its text last Congress, with their main sticking point being the level of control the legislation should give the Federal Reserve over stablecoins.
Hill released his own draft stablecoin legislation last week, which would give the Office of the Comptroller of the Currency authority to supervise nonbank stablecoin issuers instead of the fed.
- Cryptocurrency
Like Trump himself and many of his closest advisers, Musk is also deeply involved in cryptocurrency. The parallel emergence of Trump’s own cryptocurrency and DOGE’s apparent alignment with the cryptocurrency known as Dogecoin suggests more than coincidence. I believe it points to a coordinated strategy for control of America’s money and economic policy, effectively placing the United States in entirely private hands. The genius – and danger – of this strategy lies in the fact that each step might appear justified in isolation: modernizing government systems, improving efficiency, updating payment infrastructure.
Taken together, all of Musk’s and Trump’s moves lay the foundation for what cryptocurrency investor and entrepreneur Balaji Srinivasan calls “the network state.”. The idea is that a virtual nation may form online before establishing any physical presence. Think of the network state like a tech startup company with its own cryptocurrency – instead of declaring independence and fighting for sovereignty, it first builds community and digital systems. By the time a Musk-aligned cryptocurrency gained official status, the underlying structure and relationships would already be in place, making alternatives impractical. Converting more of the world’s financial system into privately controlled cryptocurrencies would take power away from national governments, which must answer to their own people.
A nation governed by a cryptocurrency-based system would no longer be run by the people living in its territory but by those who could could afford to buy the digital currency. In this scenario, I am concerned that Musk, or the Communist Party of China, Russian President Vladimir Putin or AI-surveillance conglomerate Palantir, could render irrelevant Congress’ power over government spending and action. And along the way, it could remove the power to hold presidents accountable from Congress, the judiciary and American citizens.
https://www.usnews.com/opinion/articles/2025-02-11/donald-trump-elon-musk-doge
- Soverign Weath Funds
How Trump’s Sovereign Wealth Fund Is Bullish for Bitcoin and AI https://www.nasdaq.com/articles/how-trumps-sovereign-wealth-fund-bullish-bitcoin
Donald Trump Orders Start of a Sovereign Wealth Fund: What To Know https://www.newsweek.com/trump-sovereign-wealth-fund-tik-tok-executive-order-2025391
- Stargate Project
Trump, Stargate, DeepSeek: A new, more unpredictable era for AI? https://www.chathamhouse.org/2025/02/trump-stargate-deepseek-new-more-unpredictable-era-ai
OpenAI's Stargate AI venture is scouting for US data center sites https://www.reuters.com/technology/openai-eyeing-more-data-centers-texas-other-states-stargate-bloomberg-news-2025-02-06/
- Tesla & Autonomy
Tesla's Humanoid Robot Changes Everything
Robotaxi to become 1000X safer. A 99% less need for hospitals, ambulances, policing, attorneys, courts...
Ark Invest's Big Ideas 2025 on AI & Autonomy https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/Big_Ideas/ARK%20Invest%20Big%20Ideas%202025.pdf
- xAI & Grok
February 17th 2025 Elon Musk's xAI debuts Grok-3: How it holds up to other AI chatbots https://finance.yahoo.com/video/elon-musks-xai-debuts-grok-151405848.html
February 16th 2025 Musk Says xAI’s Grok 3 Chatbot Will Be Released Monday https://finance.yahoo.com/news/musk-says-xai-grok-3-051702714.html
February 13th 2025 Musk, AI, and the federal bureaucracy https://jonrappoport.substack.com/p/musk-ai-and-the-federal-bureaucracy
Elon Musk's xAI Is Reportedly Set to Hire Thousands of 'AI Tutors' With Pay Up to $65 an Hour https://www.entrepreneur.com/business-news/elon-musks-xai-is-planning-to-hire-thousands-of-ai-tutors/487002
An Advisor to Elon Musk’s xAI Has a Way to Make AI More Like Donald Trump https://www.wired.com/story/xai-make-ai-more-like-trump/
What's Really Behind Elon Musk's $97 Billion Power Grab for OpenAI | Pivot
- Deepseek
The hype surrounding DeepSeek has shown that the race for the global development of artificial intelligence (AI) could take a different course than expected. This is good news for Europe, which has so far lagged behind global developments. The Centre for European Policy (cep) is calling for a clear strategy for European AI.
February 16th 2025 As DeepSeek eats into America’s AI edge, is US dollar dominance at risk? https://www.scmp.com/economy/china-economy/article/3298730/deepseek-eats-americas-ai-edge-us-dollar-dominance-risk
February 12th 2025 How Did DeepSeek Build Its A.I. With Less Money? The Chinese start-up used several technological tricks, including a method called “mixture of experts,” to significantly reduce the cost of building the technology. https://www.nytimes.com/2025/02/12/technology/deepseek-ai-chip-costs.html
February 11th 2025 Chinese stock bulls add to record buying spree in Hong Kong as DeepSeek fuels rally https://www.scmp.com/business/china-business/article/3298256/chinese-stock-bulls-add-record-buying-spree-hong-kong-deepseek-fuels-rally
February 11th 2025 BYD shares hit record high after EV maker rolls out driver assistance tech with DeepSeek's AI help for free https://www.cnbc.com/2025/02/11/byd-rolls-out-driver-assist-tech-for-evs-with-deepseeks-ai-help.html
Arm CEO Rene Haas makes grim prediction that DeepSeek will be "shut down" https://www.laptopmag.com/ai/arm-ceo-rene-haas-deepseek-shut-down
OpenAI:
AI giants Baidu, OpenAI offer their chatbots for free in response to DeepSeek’s advance https://www.cnn.com/2025/02/14/tech/china-baidu-deepseek-ai-competition-free-services-intl-hnk/index.html
LIVE: Sam Altman, CEO of OpenAI, speaks during Paris AI summit
Analyst resets Tesla stock forecast as Musk targets OpenAI https://www.thestreet.com/investing/analyst-revisits-tesla-stock-rating-as-musk-targets-openai-takeover
ChatGPT
Sam Altman on how life will change once AGI steals your job – and what ChatGPT thinks about it https://bgr.com/tech/sam-altman-on-how-life-will-change-once-agi-steals-your-job-and-what-chatgpt-thinks-about-it/
DeepSeek's LLM collapses AI industry $1 Trillion with 100X Efficiency Gains. DeepSeek-V3: Efficient & Scalable AI with Mixture-of-Experts. An increase in Energy & Compute potential accelerates Artificial Intelligence that leads to efficiency gains; all leading to price deflation of intelligence and Infinite Knowledge. https://nuremberg2.substack.com/p/stargatecoinai-deepseeks-llm-collapses
Meta
Project Waterworth: Meta plans to build the world's longest fiber optic subsea cable that will connect the US to India. Meta sees the subsea cables as vital to unlocking future AI innovation https://www.theguardian.com/technology/2025/feb/17/meta-plans-to-build-worlds-longest-underwater-sub-sea-cable-venture
Signing the first international treaty on AI
February 12th 2025 The Paris AI summit marks a tipping point on the technology’s safety and sustainability https://theconversation.com/the-paris-ai-summit-marks-a-tipping-point-on-the-technologys-safety-and-sustainability-249706
A further notable event at the summit was that Canada signed the Council of Europe’s Framework Convention on Artificial Intelligence and Human Rights, Democracy and the Rule of Law. In recent months, 12 other countries had signed, including the U.S. (under former president Joe Biden), the U.K., Israel and the European Union.
The convention commits parties to pass domestic laws on AI that deal with privacy, bias and discrimination, safety, transparency and environmental sustainability.
The treaty has been criticized for containing no more than “broad affirmations” and imposing few clear obligations. But it does show that countries are committed to passing law to ensure that AI development unfolds within boundaries — and they’re eager to see more countries do the same.
If Canada were to ratify the treaty, Parliament would likely revive Bill C-27, which contained the AI and Data Act.
Read more: The federal government's proposed AI legislation misses the mark on protecting Canadians
The act aimed to do much of what Canada agrees to do under the convention: impose greater oversight of the development and use of AI. This includes transparency and disclosure requirements on AI companies, and stiff penalties for failure to comply.
What does this really mean?
While the U.S. signed the convention on AI and human rights, democracy and rule of law in the fall of 2024, it likely won’t be implemented by a Republican Congress. The same might happen in Canada under a Conservative government led by Pierre Poilievre. He could also decide not to fulfil commitments made under other agreements about AI.
And if Poilievre comes to power by the time Canada hosts the next G7 meeting in June, he might decline to honour the Trudeau government’s commitment to make AI regulation a central focus of the meeting.
The Trump administration may have ushered in a period of more lax tech regulation in the U.S., and Silicon Valley is indeed a key player in tech — especially AI. But it’s a wide world, with many other important players in this space, including China, Europe & Canada.
The events in Paris have revealed a strong interest among nations around the globe to regulate AI, and specifically to foster ideas about inclusion and sustainability. If the Paris summit was any indication, the hope of sheltering AI from effective regulation won’t last long.
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