leave interest rates unchanged in june. leave interest rates unchanged injune. charles lieberman, who has worked at the new york fed and is now chief investment officer and advises capitol management explained the rationale. rationale. the fed has tightened rationale. the fed has tightened monetary i rationale. the fed has - tightened monetary policy quite dramatically quite quickly, basically a phase with five percentage point increase in a little more than a year. and thatis little more than a year. and that is huge. historically it is an enormous increase. and i think there is a loss of there is one view that the feds should wait to see the impact of what they ve done. any should wait to see the impact of what they ve done. any break ma be of what they ve done. any break may be short of what they ve done. any break may be short lived. of what they ve done. any break may be short lived. us - may be short lived. us inflation are still running well above the feds
thank you so much forjoining me, professor. ai discussions often appear binary either you fall into the school of thought that the tech will improve lives by orders of magnitude or it will destroy us all. where do you stand? well, victoria, ithink well, victoria, i think is very clear that it needs to be depending on the applications, so the application should drive, essentially, what are the specific regulations for those specific ai systems, so it is different whether use large language model in the internet or use data or an ai that drives an autonomous car. obviously it is highly depending on the potential risk in the foreseeable use of the technology. at the same time is very clear that al is already everywhere, we have it in our pocket and it will only
accurate data forward, but make sure that the fundamental data thatis sure that the fundamental data that is in the decision making process is the right one, to save critical decisions that might risk humans allowing thai society. at the same time, we really saw that the potential behind ai can help solve societal grand challenges such as the fundamental divide, can also help us to improve the labour shortage we have nowadays and in particular during covid we saw how ai can help us to access the right information at the right time almost instantaneously. so fascinating. make you so much, professor. professor sami haddadin joining professor. professor sami haddadinjoining us from munich. plenty more available on the website. discrimination is apparently the biggest concern from al, this is the warning from al, this is the warning from the european parliament had a voting on these rules to
regulate the technology. do let me know where you stand. join me know where you stand. join me on twitterfor the discussion. me on twitter for the discussion. they have a tweet from a writer saying they worry ai will flood the fiction market. hope that al generated work will be labelled to help readers make informed decisions when are buying a book. let me know what your thoughts are on that. let s talk about a story that. let s talk about a story that has been around for a while, hanging around a lot longer than people had hoped. uk inflation. according to andrew bailey it will take a lot longer to come down than expected. that was the warning from the bank of england. we may continue to raise rates at the meeting next week. live now to jane foley, head of fx strategy, rabobank. andrew bailey pointed to a tight labour market by way of explanation as to why inflation is persistently high. what does he mean by that and is he right? he is right, it is not the only contribution to high in
intentions can still be misused. europe says it wants to regulate the uses of ai, rather than the tech itself. the trick will be having firm rules that don t stifle innovation. but big tech firms like adobe, who are building ai products, so the industry can t afford to slow down and wait for regulators. the uk s current plan is folding ai regulation into existing regulators. the us so far only has voluntary codes. china says its citizens must know when they are dealing with al. regulators hope these first rules will keep it on the right track. zoe kleinman, bbc news, strasbourg. gosh, it s fascinating. do let me know where you stand on all this, get in touch with me on twitter. they have my phone ready to have a look. joining me now is professor sami haddadin, executive director of the munich institute of robotics and machine intelligence at the technical university of munich.