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Marketplace All-in-One

Measuring uncertainty

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 10 January 2025

⏱️ 26 minutes

🧾️ Download transcript

Summary

Is economic uncertainty a feeling or a fact? Though you may think uncertainty defies measure, in this episode, we call up some economists who put a number on it. And, as wildfires rage in Los Angeles County, insurance firms — including California’s insurer of last resort, the FAIR Plan — brace for catastrophic payouts. Plus: President Joe Biden may further restrict the flow of AI technology to China, and Thailand’s auto sector finds hope in manufacturing Chinese electric vehicles.

Transcript

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0:00.0

On the show today, AI and national security, insurance in the climate crisis, and uncertainty as an economic indicator.

0:11.6

From American public media, this is Marketplace. In Baltimore, I'm Amy Scott in for Kai Rizdahl.

0:28.5

It's Thursday, January 9th.

0:30.5

Good to have you with us.

0:31.9

With just days left in his administration, President Joe Biden is reportedly preparing new rules to limit the flow of U.S.

0:39.7

artificial intelligence technology around the world. The rules are aimed at preventing adversaries

0:45.5

like China and Russia from accessing AI chips. The tech industry that makes and sells those chips,

0:52.9

though, is not too pleased. Marketplace's

0:55.8

Sabree Beneshaw reports. AI chips can go into phones. They can also go into drones. Scott Jones is a

1:02.2

senior non-resident fellow at the Stimson Center. Semiconductors really will be at the very heart of

1:07.7

war fighting capability the next generation.

1:15.1

He says that concern has been at the heart of the Biden administration's efforts to limit the spread of AI chips and chip-making capabilities. Any day now, it's expected to announce

1:19.8

a new set of rules. What it does is it buckets countries into different groups. Gregory Allen is

1:26.8

with the Center for Strategic and International Studies.

1:29.2

Some U.S. allies would get advanced AI chips, no problem.

1:32.5

Other countries, including China, wouldn't be allowed to get them at all.

1:36.3

And then finally, there's the group of countries that are in the middle.

1:40.0

And they are subject to certain restrictions on the conditions under which those exports of AI chips can take place, and also the overall quantities of AI chips that can be sold.

1:53.6

These rules go further than previous attempts to control AI tech.

1:56.8

Peter Lichtenbaum is a partner at Law Firm Covington and Burling.

2:00.0

It started out with China,

2:01.7

but now we're looking at the U.S. seeking to regulate globally the diffusion of these chips.

...

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