Forum also focused on the risks and benefits of Artificial Intelligence as the technology continues to rapidly change. The conversation included representatives from google and the white house, outlining the u. S. Role in the development and regulation of the technology and global competition in the field. This is about 50 minutes. This is about 50 minutes. We are almost at the finish line so thank you for sticking with us. By the end of this 40 minutes, we hope that you will leave the session feeling smarter about the real risks and real risks and opportunities related to ai. I frame it in those terms because for the last six months we had a very exciting ai debate. Dominated by extreme voices around extreme fears or frankly unrealistic utopian visions about what ai can do for us and there is really important middle in between. Those are the nuts and bolts i would like us all to dive into. If there is anyone who feels they have not been keeping up to speed in the debate, do not worry,
Pentagon procurement but this, in the life of the fact of 2020 twos budget is 877000000000. 00 from the us public money and defense. You can couldnt account for overall if its 3 point one trillion an assets last year at 4400000000 and tract and venture in the us navy, 5200000000. And the royal in the us air force variance compared to the ledger. And remind us of what you were talking about when it came to waste and it was corruption. As regards the u. S. Military Industrial Complex as well, i was part of a group. There were just trying to fix things. And depending on and i think the main focus of my work was i was working on our applications of technology and the excessive complexity which led to rising cost costs always go up faster than the budget. So as a result, weapons get boston get, get bonded never decreasing quantities and modernization rates. The decrease the average age of weapons in the inventories increases, which which uh, creates a demand for even higher budgets because
A u. S. Military strategist, of 20 years. Yall gives his Ground Breaking eightys report along with subsequent reports. Hes written over the years or more relevant today than ever this while the United States, the country with the highest military budget in the world, arguably spins out of control when it comes to defense. Pouring weapons into ukraine is part of the nature of proxy. What with russia, he joins me for todays episode from arlington in virginia. Chuck, thanks so much for coming on. You know, just last weeks going on the ground. We had larry larry wilkerson, the former chief of staff to the secretary of state, and he said, people are building extensions to their homes in virginia and maryland. Youre going to have to rim claim does a, just a very briefly about your revelations and the i understand that was taken on board at the time you went to, you know, put in jail for revealing an edge corruption or incompetence when it came to pentagon procurement but this, in the light o
And we know that rushes are good far terms of putting a duncan, what was the last, what do we know that the flu, your it was country elect, expressive dental. They hadnt been any unconstitutional or redeemed changes, and would have to uh know, said their own peoples vast resources in our country and we can get to the take advantage of that potential. I think that we can develop our partnership in training and educating professionals. I remember that i had and they put it back to 00. What was that . Was the president , not into my apologies that of getting this out into his counterpart. So russian present button and then until the end of what about uh they actually the key thing that i took away from that was, you need this out front of the russian president for is independence rush. I helped in some way with i will bring more on that later on in the day. But if im out, lets o for this out. Now, big sciences is up next on the impact, then well be back of the top of the hour with the lat
In the meantime, lets talk about the price of bitcoin. It has been volatile. Shot up yesterday in a big way and pulled back after blackrock denied the report, becky. Coin telegraph saying u. S. Regulators approved the application for the spot etf. Everybody cheered and went crazy. Coin telegraph later retracted the story and conducting an internal investigation into the inaccurate report. Blackrock reported the application is still under review. Crypto markets have been waiting news for spot coin etfs which are expected to drive investment in the sector if approved. If because we still dont know. Just because blackrock and fidelity are asking for it, doesnt mean the s. E. C. Has to give it. Do i think there is momentum . Sure. It doesnt lead to the situation. The company that put out the story is now conducting an internal investigation which makes you wonder if they suspect somebody was doing this and making trades based on the story. It wasnt how it happened. Was somebody feeding the