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WSJ Tech News Briefing

AI Risks Take Center Stage at Global Summit

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 3 November 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

World leaders and the executives from artificial intelligence companies met in the U.K. this week to discuss how to defend against the risks created by AI. WSJ reporter Sam Schechner joins host Zoe Thomas to explain what they discussed and what’s next. Plus, Sam Bankman-Fried has been convicted of fraud in the FTX collapse. For the latest on the trial, listen to The Journal podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Get a better grip on the markets.

0:02.6

W.S.J's take on the week is here to give you a look ahead to the most important events on the economic and business calendar

0:09.9

and what they mean for your money and investments.

0:13.1

Subscribe wherever you listen to podcast. Welcome to Tech News Briefing. It's Friday, November 3rd. I'm Zoe Thomas for the Wall Street Journal.

0:28.0

The threat of human demise at the hands of artificial intelligence has long been a Hollywood trope.

0:34.4

But this week global leaders met in the UK to discuss how to prevent that possibility

0:39.6

from becoming a reality.

0:42.0

Our reporter Sam Sheckner was at the two-day summit and is going to join us to explain

0:46.0

what was agreed on and what comes next to deal with the risks created by AI.

1:08.0

But first, FTX founder Sam Bankman Freed has been convicted of stealing billions of dollars from customers in what prosecutors called one of the biggest financial frauds in US history. A New York jury found him guilty on Thursday evening after just a few hours of deliberation.

1:14.0

The verdict capped the stunning fall of the one-time crypto king

1:18.0

who had become one of the industry's biggest boosters Circle who said he approved the use of customer funds to cover FTX expenses.

1:36.0

You can hear a lot more about the case and the decision on the Journal Podcast.

1:40.2

They have a special series called The Trial of Cryptos Golden Boy.

1:43.7

Episodes drop in the journal podcast feed wherever you listen.

1:47.4

And we'll include a link in our show notes.

1:49.8

Amazon executives discussed how the company's pricing policies

1:54.6

had a quote punitive aspect on sellers.

1:58.1

That's according to internal documents cited in newly

2:01.2

unredacted portions of the Federal Trade Commission's monopoly lawsuit against the

2:05.8

e-commerce giant. The FTC also said Amazon knowingly raised the number of irrelevant ads on its

2:12.4

website to boost profit and the

...

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