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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 ֱ 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

Lines stretch outside the Louvre in Paris as opening delayed for undisclosed emergency meeting

Lines stretch outside the Louvre in Paris as opening delayed for undisclosed emergency meeting
Updated 2 min 22 sec ago

Lines stretch outside the Louvre in Paris as opening delayed for undisclosed emergency meeting

Lines stretch outside the Louvre in Paris as opening delayed for undisclosed emergency meeting
  • The Louvre Museum delayed its opening on Monday morning, with staff citing an “emergency meeting” of senior officials about a subject they did not disclose
  • The hold-up left thousands of ticket-holders stuck in unmoving lines. Some visitors gave up and left, creating the illusion that lines were moving

PARIS:The Louvre Museum failed to open on time Monday, leaving thousands of visitors stuck in long, unmoving lines outside the iconic Paris institution as staff held a protest over working conditions.
According to union representative Sarah Sefian of the CGT-Culture, the disruption was caused by a spontaneous movement among front-of-house staff, including gallery attendants, reception, and security workers, who are protesting deteriorating labor conditions.
“It’s a movement led by reception agents who are suffering from the working conditions at the Louvre,” Sefian told The Associated Press.
“What began as a scheduled monthly information session turned into a mass expression of exasperation,” she said. “Staff decided to stay together until management arrived.”
Sefian said the agents gathered in the auditorium at 10:30 a.m. for talks with the museum’s leadership. “All roles related to visitor reception are affected,” she said. “Overcrowding and understaffing are the main issues being raised.”
As of midday, the museum remained closed, with lines snaking past I.M. Pei’s famous glass pyramid and deep into the underground shopping complex. Some ticket-holders gave up and left, creating the illusion of movement in the queues.
A message on the museum’s official website stated: “Due to strikes in France, the museum may open later and some exhibition rooms may remain closed. We thank you for your understanding.”
Union officials say the museum will reopen Monday afternoon.


UAE to hit $1tn non-oil trade target 4 years ahead of schedule, says official

UAE to hit $1tn non-oil trade target 4 years ahead of schedule, says official
Updated 5 min 34 sec ago

UAE to hit $1tn non-oil trade target 4 years ahead of schedule, says official

UAE to hit $1tn non-oil trade target 4 years ahead of schedule, says official

RIYADH: The UAE is set to achieve its 4 trillion dirhams ($1.089 trillion) target for non-oil foreign trade within two years and ahead of the original 2031 goal, according to the country’s vice president.

In a post on X, Sheikh Mohammed bin Rashid Al-Maktoum highlighted the country’s rapid economic progress, stating that key indicators have surpassed global benchmarks.

This acceleration in trade is mirrored in other areas of the economy. The UAE reported a 4 percent growth in gross domestic product in 2024, with non-oil sectors contributing 75.5 percent of the overall output as diversification efforts gained momentum.

“Our non-oil foreign trade increased by 18.6 percent year-on-year in the first quarter of this year (global average 2-3 percent) — Its volume in the first quarter of this year amounted to 835 billion dirhams. Our non-oil exports grew exceptionally by 41 percent on an annual basis,” Al-Maktoum stated.

He continued: “Our goal is to achieve non-oil foreign trade for the UAE amounting to 4 trillion dirhams by 2031 ... We will reach it within two years ... (four years before the scheduled date).”

Al-Maktoum, who also serves as prime minister, noted that non-oil exports recorded an exceptional year-on-year growth of 41 percent, signaling the country’s strengthening role in international trade.

He further noted that the non-oil sector now contributes 75.5 percent to the national economy, highlighting the country’s successful diversification strategy.

“These are new development indicators for the UAE,” he said, reflecting on the resilience and dynamism of the country’s economy despite global challenges.

Al-Maktoum credited UAE President Sheikh Mohamed bin Zayed Al-Nahyan for leading the country’s transformative economic journey, which he described as achieving “exceptional milestones in the history of the UAE.”


Sri Lanka’s Mathews hails ‘dream run’ in final Test against Bangladesh

Sri Lanka’s Mathews hails ‘dream run’ in final Test against Bangladesh
Updated 7 min 18 sec ago

Sri Lanka’s Mathews hails ‘dream run’ in final Test against Bangladesh

Sri Lanka’s Mathews hails ‘dream run’ in final Test against Bangladesh

GALLE: Sri Lanka are set to begin a two-Test series against Bangladesh in Galle on Tuesday that will mark the end of Angelo Mathews’s “dream run” in the game’s longest format, as the cricket season resumed following South Africa’s World Test Championship triumph at Lord’s.
The red-ball matches between Sri Lanka and Bangladesh will be followed by a white-ball series of three one-day internationals and three T20s.
Hosts Sri Lanka begin the contest as firm favorites, eager to turn a fresh page after a stuttering end to the previous WTC cycle.
Sri Lanka were firmly in the mix for a place in the WTC final until December before the wheels came off spectacularly.
Two defeats in South Africa followed by a twin collapse at Galle against Australia saw them tumble down the rankings.
“We had one hand on a spot in the final but a few brain fades at crunch moments cost us dearly,” Sri Lankan captain Dhananjaya de Silva told reporters on Monday.
“We’ve learnt our lessons. A strong home start lays the foundation for success on the road.”


Sri Lanka’s squad includes six uncapped players, with at least one debut cap set to be handed out.
Spin remains Sri Lanka’s strength, with Prabath Jayasuriya the key and selectors also calling up off-spinner Akila Dananjaya.
Bangladesh enter the series without stalwarts Tamim Iqbal and Shakib Al Hasan, and captain Najmul Hossain Shanto is realistic about the challenge.
“Tamim and Shakib — those are massive boots to fill,” he said. “But this is a chance for the young guys to put their hands up.”
Shanto, who is playing in Galle for the first time, said the team have “prepped well and we’re ready for the challenge.”
The Test will also be the swansong of Sri Lanka’s veteran Angelo Mathews, who is retiring after 118 Tests.
The former skipper also played his first Test on the famous pitch perched beneath the fortress in Galle in 2009.
“It’s been a dream run,” said 38-year-old Mathews.
“The wins in England in 2014 and whitewashing the Aussies in 2016 stand out. I’ve seen so many youngsters come through the ranks,” he said.
“I truly believe Sri Lanka’s future is in good hands.”
Sri Lanka have won 20 of the 26 Tests they have played against Bangladesh, who have only managed a solitary win along with five draws.
The second Test will begin in Colombo on June 25.


German regulator pushes for more fan control of soccer clubs like Bayer Leverkusen

German regulator pushes for more fan control of soccer clubs like Bayer Leverkusen
Updated 13 min 29 sec ago

German regulator pushes for more fan control of soccer clubs like Bayer Leverkusen

German regulator pushes for more fan control of soccer clubs like Bayer Leverkusen
  • Top German soccer clubs including Bayer Leverkusen and Leipzig face the prospect of handing over more control to fans after a regulator intervened

BONN: Top German soccer clubs including Bayer Leverkusen and Leipzig face the prospect of handing over more control to fans after a regulator intervened.
A statement Monday from Germany’s antitrust regulator, the Federal Cartel Office, said it wants to see tighter enforcement of the rule known as 50-plus-1 which requires a soccer club’s membership to have majority voting rights over how the team is run.
The regulator said recent European court rulings suggest permanent exemptions from 50-plus-1 for last year’s champion Leverkusen and fellow top-tier club Wolfsburg seem “no longer possible.”
It said efforts should be made in the future to ensure the club’s professional soccer operations come under the control of membership organizations, but didn’t name any deadline.
Leverkusen and Wolfsburg were founded as workers’ teams at major companies which own the clubs, with pharmaceutical giant Bayer at Leverkusen, and car manufacturer Volkswagen at Wolfsburg. Their long-term involvement led to the clubs getting exemptions from 50-plus-1.
The regulator also said the German men’s soccer league needs to ensure the clubs it oversees “offer their fans the opportunity to become a new full member with voting rights.”
That appears to affect Leipzig and its relationship with drinks giant Red Bull, though they weren’t directly named by the regulator in Tuesday’s statement.
The club was founded by Red Bull in 2009 and is part of its international network of soccer clubs. It grants voting rights to far fewer people than most German clubs. Local media reported that only 23 members had the right to vote at Leipzig as of last year.


German court sentences Syrian doctor to life in prison for torture and war crimes in his homeland

German court sentences Syrian doctor to life in prison for torture and war crimes in his homeland
Updated 22 min ago

German court sentences Syrian doctor to life in prison for torture and war crimes in his homeland

German court sentences Syrian doctor to life in prison for torture and war crimes in his homeland
  • German news agency dpa reported that the 40-year-old Syrian, who was identified as Alaa M. in line with German privacy rules, was placed in preventive detention

BERLIN: A German court sentenced a Syrian doctor to life imprisonment for torture and war crimes in his Syrian homeland on Monday for killing two people and torturing nine in Syria between 2011 and 2012.
The Frankfurt Higher Regional Court also established the particular gravity of the guilt, which in practice virtually rules out early release after 15 years — as is often the case in Germany when people are sentenced to life imprisonment. The 40-year-old Syrian, who was identified as Alaa M. in line with German privacy rules, was placed in preventive detention, German news agency dpa reported.
In his verdict, presiding judge Christoph Koller described the actions of the accused in the military hospital in the Syrian city of Homs in the early stages of the civil war that began in 2011. He said the doctor had sadistic tendencies and acted them out during the torture.
“Above all, the accused enjoyed harming people that seemed inferior and low-value to him,” Koller said, according to dpa.
During the trial, which lasted almost three and a half years, victims had described the most severe abuse, including beatings, kicks and the setting of wounds and body parts on fire, dpa reported.
Koller emphasized that without the willingness and courage of witnesses to share the details of their suffering the facts of the case could not have been clarified.
M. had lived in Germany for ten years and had worked as an orthopedic surgeon in several clinics, most recently in Bad Wildungen in northern Hesse. In summer 2020, he was arrested after some of his victims had recognized him from a TV documentary about Homs, dpa reported.
The doctor supposedly tortured prisoners who were considered part of the opposition to former Syrian dictator Bashar Assad. The trial against him began in January 2022.
Alaa M. described himself as not guilty during the trial, alleging that he was the victim of a conspiracy, dpa wrote. The verdict is not yet final.