Media ArticlesExcerpts of Key Media Articles in Major Media
Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
In a recent discussion on the implications of blockchain technology and its democratization of finance, Roundtable anchor, Rob Nelson and Jordan Fried, CEO of Immutable Holdings explored the depth and magnitude of the possible changes ahead. Jordan Fried ... discussed the roots of Bitcoin, stating it was a direct protest against institutions like BlackRock and the financial systems that seemed to work only for the wealthy. Recalling the 2008 financial crisis, Fried expressed the sentiments of many who wondered why banks were bailed out while average individuals suffered. Bitcoin arose from this frustration, offering a transparent financial system unlike anything before. Expanding on this, Fried emphasized the transparency of Bitcoin in comparison to traditional currencies. In Bitcoin's blockchain, every transaction is traceable, unlike the ambiguous dealings within the current banking system. Contrary to common misconceptions ... only a fraction of crime occurs in crypto, as compared to the US dollar. Most financial crimes, including money laundering, are committed in US dollars. Rob Nelson humorously highlighted the recurring financial scandals of banks like Wells Fargo, suggesting that these financial giants often factor in their fines as just another "cost of doing business." In this evolving era of blockchain and cryptocurrency, one thing is clear: the potential impact on the financial world is vast. The very essence of how we view and interact with money is on the cusp of profound change.
Note: Explore more positive stories like this in our comprehensive inspiring news articles archive focused on solutions and bridging divides.
Scientific misconduct does not happen only at Stanford and Harvard. Of the nearly 5,500 retractions we catalogue in 2022, and the thousands of cases we have reported on since launching our watchdog website Retraction Watch in 2010, the vast majority involve researchers at institutions without anywhere near Stanford and Harvard's pedigrees. The number of retractions each year reflects about a tenth of a percent of the papers published in a given year – in other words, one in 1,000. Yet the figure has grown significantly from about 40 retractions in 2000, far outpacing growth in the annual volume of papers published. Retractions have risen sharply in recent years for two main reasons: first, sleuthing, largely by volunteers who comb academic literature for anomalies, and, second, major publishers' (belated) recognition that their business models have made them susceptible to paper mills – scientific chop shops that sell everything from authorships to entire manuscripts to researchers who need to publish lest they perish. These are not merely academic matters. Particularly when it comes to medical research, faker hurts real people. The truth, however, is that the number of retractions in 2022 – 5,500 – is almost definitely a vast undercount of how much misconduct and fraud exists. We estimate that at least 100,000 retractions should occur every year. Journals and publishers ... fail to do their part, finding ways to ignore criticism of what they have published, leaving fatally flawed work flagged.
Note: Back in 2015, the editor-in-chef of The Lancet, one of the most prestigious medical journals in the world, wrote that much of scientific literature, perhaps half, may simply be untrue. According to a revealing article by Nature, a leading science journal, medicine is plagued by untrustworthy clinical trials. Who can we trust? For more along these lines, see concise summaries of deeply revealing news articles on science corruption from reliable major media sources.
National Institutes of Health scientists raked in more than $325 million in royalties from Chinese and Russian entities – as well as pharmaceutical companies – over more than a decade, according to a new report. Former NIH director Dr. Francis Collins and former National Institutes of Allergy and Infectious Diseases (NIAID) director Dr. Anthony Fauci were among the thousands of government whitecoats who took the cash between September 2009 and October 2020, the taxpayer watchdog OpenTheBooks.com revealed. Several of those royalties came from companies that in turn received federal contracts and grants, prompting concerns about conflicts of interest. Unredacted documents obtained by the group through the Freedom of Information Act (FOIA) show at least 34 Chinese companies are licensing NIH technologies initially funded by US taxpayers. Some of those licensing fees came from the Wuhan Institute of Biological Products Co. Ltd., a subsidiary of the Chinese government-owned pharmaceutical company Sinopharm, which produced a COVID-19 vaccine. In 2016, the biological products company moved its headquarters next to the Wuhan Institute of Virology, where risky "gain-of-function" research funded by the US government may have led to the outbreak of the pandemic. The late Dr. Robert Chanock, the former head of the NIAID's laboratory of infectious diseases, and Dr. Jeffrey Cohen, his successor, were just a few of the virologists on the take from the Wuhan-based company.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the scientific community from reliable major media sources.
In 2016, the American honey industry faced a crisis: The U.S. Food and Drug Administration had found high levels of glyphosate, an herbicide linked to cancer, in honey samples from Iowa. The National Honey Board (NHB), a honey industry-funded agency of the U.S. Department of Agriculture, did what many businesses under fire have done: They hired a crisis management public relations firm, in this case to downplay the risks of glyphosate in honey. The PR firm, Porter Novelli, later worked with the NHB to deflect concerns about honey containing neonicotinoids. The insect-killing chemicals are tied to the collapse of bee colonies. At the same time, Porter Novelli was working for Bayer, a leading manufacturer of glyphosate and neonicotinoids. The PR firm's work for Bayer included promoting the use of neonicotinoids and opposing regulations that would safeguard honey bees. CropLife America, the pesticide industry lobby group, has also hired Porter Novelli's subsidiary, Paradigm Communications, to "lead the effort to shift how pesticide products were portrayed in search engine results," according to the Intercept. Search terms compiled by CropLife America staff included "neonicotinoid," "pollinators," and "neonics." As other countries responded to the science by banning neonics, in the U.S., "industry dug in, seeking not only to discredit the research but to cast pesticide companies as a solution to the problem." Studies show the insecticides are toxic to the brain and nervous system [of humans].
Note: According to the CDC, about half the U.S. population is exposed to at least one neonic on a regular basis, with children ages 3-5 years old having the highest levels. Merchants of Poison: How Monsanto Sold the World on a Toxic Pesticide is a recent and comprehensive analysis of documents released in litigation against Monsanto that expose years of pesticide industry disinformation. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption.
Newly declassified documents reveal that Gen. Leslie Groves–director of the Manhattan Project, the top-secret operation that built the atomic bomb during World War II–misled Congress and the public about the effects of radiation. He did so initially out of ignorance, then denial, and finally, willful deception. The documents also show that some scientists in the project, including J. Robert Oppenheimer, director of the Los Alamos lab where the bomb was first tested, kept mum about Groves' lie rather than dispute him or confront the general directly. The cache of documents ... was released on Monday, within days of the 78th anniversary of the bombings of Hiroshima and Nagasaki and in the wake of the release of Oppenheimer, the wildly (and deservedly) successful film. One of the new documents the archive obtained is a memo by four scientists, titled "Calculated Biological Effects of Atomic Explosion in Hiroshima and Nagasaki," dated Sept. 1, 1945. Until this memo was written, it had been assumed the A-bomb's victims would be killed by its blast and its heat. But this memo concluded that at least some of the deaths had been caused by radioactive fallout, days or weeks after the explosions. And yet, the day before the memo's date, at a press conference in Oak Ridge, Tennessee, Groves said radiation had caused no deaths and that claims to the contrary–some published in Asian newspapers–were "propaganda."
Note: For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
So-called "forever chemicals" have been found in 45% of the nation's tap water, according to a recent government study, but is your tap water affected? If you're wondering whether or not your tap water might contain synthetic chemicals known as PFAS, nonprofit Environmental Working Group created an interactive map using official records and data from public drinking water systems to show where forever chemicals were found to be above and below the advised maximum concentration level, 4 parts per trillion (PPT). EWG notes that while researchers used the highest quality data available, contamination levels are based on a single point in time and may not reflect changes to the water system or treatment efforts. PFAS is an umbrella term for thousands of chemicals that are used to make nonstick pans, food packaging, fire-fighting foams, to-go boxes, furniture, rugs, clothing and more. The chemicals are so ubiquitous it would be nearly impossible for most Americans to rid their home of them. The chemicals are both extremely common and potentially dangerous. Described as "forever chemicals" because they don't degrade naturally in the environment, PFAS have been linked to a variety of health problems, including liver and immune-system damage. Studies of lab animals have found potential links between PFAS chemicals and some cancers, including kidney and testicular, plus issues such as high blood pressure and low birth weight.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health from reliable major media sources.
A recent study in The Lancet found that by the age of 75 about half of all people will develop a mental disorder. "These disorders typically first emerge in childhood, adolescence, or young adulthood," reads the study, co-led by researchers from Harvard Medical School and the University of Queensland. "Services should have the capacity to detect and treat common mental disorders promptly and to optimize care that suits people at these crucial parts of the life course." The study included over 150,000 respondents aged 18 and older from 29 countries between 2001 and 2022. The study also noted a finding of different disorders more commonly affecting different genders than others. "The two most prevalent disorders were alcohol use disorder and major depressive disorder for male respondents and major depressive disorder and specific phobia for female respondents," the study said. The study noted the importance of studying the frequency and timing of mental disorder development, calling it "fundamental importance for public health planning.
Note: For more along these lines, see concise summaries of deeply revealing news articles on health from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.
The Environmental Protection Agency approved a component of boat fuel made from discarded plastic that the agency's own risk formula determined was so hazardous, everyone exposed to the substance continually over a lifetime would be expected to develop cancer. Current and former EPA scientists said that threat level is unheard of. It is a million times higher than what the agency usually considers acceptable for new chemicals and six times worse than the risk of lung cancer from a lifetime of smoking. Federal law requires the EPA to conduct safety reviews before allowing new chemical products on to the market. If the agency finds that a substance causes unreasonable risk to health or the environment, the EPA is not allowed to approve it without first finding ways to reduce that risk. But the agency did not do that in this case. Instead, the EPA decided its scientists were overstating the risks and gave Chevron the go-ahead to make the new boat fuel ingredient at its refinery in Pascagoula, Mississippi. Though the substance can poison air and contaminate water, EPA officials mandated no remedies other than requiring workers to wear gloves, records show. The EPA division that approves new chemicals usually limits lifetime cancer risk from an air pollutant to one additional case of cancer in a million people. That means that if a million people are continuously exposed over a presumed lifetime of 70 years, there would likely be at least one case of cancer on top of those from other risks people already face.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health from reliable major media sources.
The Taliban government in Afghanistan – the nation that until recently produced 90% of the world's heroin – has drastically reduced opium cultivation across the country. Western sources estimate an up to 99% reduction in some provinces. This raises serious questions about the seriousness of U.S. drug eradication efforts in the country over the past 20 years. And, as global heroin supplies dry up, experts tell MintPress News that they fear this could spark the growing use of fentanyl – a drug dozens of times stronger than heroin that already kills more than 100,000 Americans yearly. A similar attempt by the Taliban to eliminate the drug occurred in 2000, the last full year that they were in power. It was extraordinarily successful, with opium reduction dropping from 4,600 tons to just 185 tons. However, as soon as the United States invaded in 2001, poppy cultivation shot back up to previous levels and the supply chain recommenced. Afghanistan's transformation into a preeminent narco-state owes a significant debt to Washington's actions. Poppy cultivation in the 1970s was relatively limited. However, the tide changed in 1979 with the inception of Operation Cyclone, a massive infusion of funds to Afghan Mujahideen factions aimed at exhausting the Soviet military. The U.S. directed billions toward the insurgents, yet their financial needs persisted. Consequently, the Mujahideen delved into the illicit drug trade. By the culmination of Operation Cyclone, Afghanistan's opium production had soared twentyfold.
Note: Read powerful evidence that the CIA and US military are directly involved in the drug trade. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
When the chemical giant 3M agreed in early June to pay up to $12.5bn to settle a lawsuit over PFAS contamination in water systems across the nation, it was hailed by attorneys as "the largest drinking water settlement in American history", and viewed as a significant win for the public in the battle against toxic "forever chemicals". A second June settlement with the PFAS manufacturers DuPont, Chemours and Corteva tallied a hefty $1.1bn. But while the sums are impressive on their face, they represent just a fraction of the estimated $400bn some estimate will be needed to clean and protect the nation's drinking water. Orange county, California, alone put the cost of cleaning its system at $1bn. Because PFAS are so widely used and the scale of their harm is so great ... the industry's final bill could exceed the $200bn paid by big tobacco in the 1990s. PFAS are a class of about 15,000 compounds used to make products across dozens of industries resistant to water, stains and heat. They are called "forever chemicals" because they do not naturally break down, and are linked to cancer, kidney disease, liver conditions, immune disorders, birth defects and other health problems. The chemicals are thought to be contaminating drinking water for over 200 million Americans. Tens of thousands of contaminated private wells are not included in the settlement. The chemicals are also widely used in thousands of consumer products from dental floss to cookware to clothing, and have been found to contaminate food, soil and air.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health from reliable major media sources.
When I began my journalism career in Chicago in the 1980s, there were still some old crusty working-class guys around the newsroom. Now we're not only a college-dominated profession; we're an elite-college-dominated profession. Only 0.8 percent of college students graduate from the super-elite 12 schools (the Ivy League colleges, plus Stanford, M.I.T., Duke and the University of Chicago). A 2018 study found that more than 50 percent of the staff writers at the beloved New York Times and The Wall Street Journal attended one of the 29 most elite universities in the nation. Members of our class also segregate ourselves into a few booming metro areas. In 2020, Biden won only 500 or so counties, but together they are responsible for 71 percent of the American economy. Trump won over 2,500 counties, responsible for only 29 percent. Like all elites, we use language and mores as tools to recognize one another and exclude others. Using words like "problematic," "cisgender," "Latinx" and "intersectional" is a sure sign that you've got cultural capital. Meanwhile, members of the less-educated classes have to walk on eggshells because they never know when we've changed the usage rules so that something that was sayable five years ago now gets you fired. Does this mean that I think the people in my class are vicious and evil? No. Most of us are earnest, kind and public-spirited. But we take for granted and benefit from systems that have become oppressive.
Note: Watch an excellent interview of journalist Batya Ungar-Sargon discussing how journalism has shifted from being a working class trade that held the powerful accountable to an elite industry that serves the upper class. She articulates that mainstream news has abandoned and divided the working class by creating a culture war around identity and race. Elites shaping the news industry benefit from this political polarization, which hides the tragic reality of income inequality that affect all races across political lines.
Hours after Senate Democrats blocked an effort to install greater oversight over the billions of dollars the United States is sending to Ukraine, the watchdog who oversaw U.S. spending in Afghanistan issued a warning. Spending too much too fast, with little oversight, would lead to "unanticipated consequences," John Sopko, the Special Inspector General for Afghanistan Reconstruction, or SIGAR, said at an event. Sopko especially warned about the risk of fueling corruption, perhaps the most damaging legacy of the billions the U.S. spent in Afghanistan and a major factor in the collapse of its effort in the country. "If that much money is coming in, you know some of it is going to be stolen," he said. "In Afghanistan, corruption was the existential threat. It wasn't the Taliban. It was corruption that did us in." Debate over installing a special inspector for Ukraine modeled after SIGAR began swirling on Capitol Hill as it became clear that U.S. support for Ukraine in the face of Russia's full-scale invasion would reach unprecedented levels. Congress approved some $113 billion in aid to Ukraine last year, and some analysts put the full figure to date at closer to $137 billion. By comparison, the U.S. spent some $146 billion in reconstruction efforts in Afghanistan between 2002 and 2022 (although it spent far more going to war there in the first place). "By the end of this year, we will have spent more money in Ukraine than we did to do the entire Marshall Plan after World War II," Sopko said.
Note: For more along these lines, see concise summaries of deeply revealing news articles on war from reliable major media sources.
A leading US scientist expects academics who played down the idea Covid-19 leaked from a Chinese laboratory, despite their private doubts, will face criminal prosecution for fraud. Richard Ebright, a molecular biologist [said] the "preponderance of evidence" available supported the notion the new virus emerged from research-related activities at the Wuhan Institute of Virology, before rapidly spreading throughout the world in early 2020. Professor Ebright, a long term advocate for reducing the risk of biological weapons programs, said the arguments over the origin of Covid-19 was "moving out of the scientific community arena, into the congressional arena, and ultimately it will move into the judicial arena". "There will be referrals for prosecution of violations of law, including, based on what we know already, very clear evidence for criminal fraud, for criminal conspiracy to defraud or criminal misuse of federal funds," he said. Professor Ebright's comments came days after Republican Senator Rand Paul ... referred Dr Anthony Fauci, a former top US health bureaucrat, to the Department of Justice for prosecution over allegations he lied to Congress over the extent of US funding that had been directed to the Wuhan lab. "There's no question in my mind that [Tony] Fauci committed a felony on each of those three occasions, and ... he has not been held accountable," Professor Ebright said. "Lying to Congress is a felony and the penalty is five years in prison; there have been at least three instances".
Note: For more along these lines, see concise summaries of deeply revealing news articles on science corruption and the coronavirus from reliable major media sources.
In its newly released 2023 Trafficking in Persons Report, the Biden administration provided a glaring, but largely unnoticed, admission that it has failed to implement a key provision of U.S. law aimed at preventing the recruitment and use of child soldiers. The report acknowledged that the administration has yet to finalize a congressionally mandated list of governments complicit in child soldier recruitment or use. With this list responsible for spurring urgently needed U.S. child soldier prevention efforts, its delay could have potentially severe consequences. Despite decades of concerted action to end the use of children as tools of war, the recruitment and use of child soldiers remains one of the most widespread abuses inflicted upon children in conflict, with the UN having verified the recruitment and use of 7,622 child soldiers last year – a 21 percent increase compared to 2021. Among those implicated in the use of child soldiers are security forces and armed groups led or supported by governments that rely heavily on U.S. defense cooperation to sustain their security operations. Somalia, for example, which recruited and used dozens of child soldiers in 2022, is among the most significant recipients of U.S. military aid in sub-Saharan Africa, with U.S. security assistance to and peacekeeping operations in the country amounting to roughly $3 billion over the past decade. The Biden administration can incentive governments implicated in the recruitment or use of child soldiers to put an end to these horrendous practices.
Note: For more along these lines, see concise summaries of deeply revealing news articles on war from reliable major media sources.
An advisory board to President Biden has recommended limiting the F.B.I.'s ability to use a controversial warrantless surveillance program to hunt for information about Americans, even as it urged lawmakers to renew the law that authorizes it. The panel, known as the President's Intelligence Advisory Board, suggested barring the bureau from searching a database of intercepted information when looking for evidence about Americans in criminal investigations that do not involve foreign intelligence. The board ... delivered the recommendation in a declassified 39-page report. It came as Congress was debating whether to extend the law authorizing the program, known as Section 702. Under Section 702, the government can collect – from American companies like Google and AT&T and without a warrant – the communications of targeted foreigners abroad, even when they are talking to or about Americans. The notion that Section 702 creates a backdoor to the Fourth Amendment by allowing the F.B.I. to read private communications to or from an American without a warrant in ordinary criminal contexts has raised particular alarm. But the board rejected as unjustified the more sweeping reform proposal: to require the government to obtain a court warrant before using Americans' identifiers to search the repository. Requiring a court order before doing so, the board said, would prevent intelligence agencies from discovering threats to the country in a timely manner.
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy from reliable major media sources.
Alan Davidson currently leads the National Telecommunications and Information Administration, or NTIA, the agency now crafting recommendations on how federal regulators can hold AI companies accountable. But for years, he worked as Google's chief lobbyist in Washington. NTIA's recommendations will help form the basis of the Biden administration's response to AI and machine learning. "People are warning that there are really serious downsides possible to AI, and I would want a hard-headed regulator to run down those concerns," said Jeff Hauser, the executive director of the Revolving Door Project, a watchdog focused on conflicts of interest in government. "Davidson is not likely, based on his CV, to be detached." Rapid advances in AI present a potential turning point for Silicon Valley's dominant tech firms. Notably, the first company to capture national attention with the launch of a new AI product was not a household name, like Google or Microsoft, but the independent research lab OpenAI, with its splashy launch of ChatGPT. Google reportedly sees the AI products it has in the pipeline as so pivotal to the company's future that Sergey Brin, the Google co-founder lately absorbed with outside projects, has returned to company headquarters to work directly with the team building its flagship AI system. "Google is the biggest player who cares about this issue," [said former Hill aide involved in antitrust policy]. "I cannot imagine Google doesn't view Alan Davidson as an asset to them."
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world from reliable major media sources.
A months long investigation into a rural California warehouse uncovered an illegal laboratory filled with infectious agents, medical waste and hundreds of mice bioengineered "to catch and carry the COVID-19 virus," according to Fresno County authorities. Health and licensing said Monday that Prestige Biotech, a Chinese medical company registered in Nevada, was operating the unlicensed facility in Reedley, California, a small city about 24 miles southeast of Fresno. The company, according to Reedley City Manager Nicole Zieba, had a goal of being a diagnostics lab. "They never had a business license," Zieba [said]. "The city was completely unaware that they were in this building." The Fresno County Public Health Department launched its investigation into the facility in December 2022 after a code enforcement officer saw a garden hose attached to a building that was presumed to be vacant and had no active business license, Zieba said. Hundreds of mice also were found at the warehouse, where they were "kept in inadequate conditions in overcrowded cages" with no food or water, according to court documents. An associate with Prestige Biotech told investigators the mice were "genetically engineered to catch and carry the COVID virus." The city seized the mice in April and euthanized 773 of them. Zieba said officials called in the Centers for Disease Control and Prevention after about 30 freezers and refrigerators were found, with some set to minus 80 degrees. The CDC detected at least 20 potentially infectious agents.
Note: For more along these lines, see concise summaries of deeply revealing news articles on science corruption and the coronavirus from reliable major media sources.
If you call 911 to report an emergency, the odds are increasing that a drone will be the first unit sent to respond. More than 1,500 departments across the country now use them, "mostly for search and rescue as well as to document crime scenes and chase suspects," according to ... MIT Technology Review. Generally, police drones don't carry weapons and are used primarily for video surveillance. It is possible for small drones to deliver chemical irritants like tear gas, however, a technology that police in Israel have used against Palestinians. In a report published on Thursday, American Civil Liberties Union Senior Policy Analyst Jay Stanley worries that these kinds of drone programs may normalize usage and "usher in an era of pervasive, suspicionless, mass aerial surveillance." He notes far more invasive turns that police drone usage could take, including warrantless surveillance of specific people, crime "hotspots" or even whole neighborhoods or cities. Stanley wonders if drone usage won't just ... "amplify the problems with the deeply broken U.S. criminal legal system." Many of the cities using drones in policing are doing so from so-called "real-time crime centers." These units function as centralized hubs to connect the various bits of surveillance and data that police collect from things like stationary cameras, drones, license plate readers and technology that listens for possible gunshots. Some centers can even integrate police body cameras and video from Ring doorbells.
Note: Police have been using military predator drones for domestic law enforcement since 2011. For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the disappearance of privacy from reliable major media sources.
America's top infectious diseases adviser, Anthony Fauci, deliberately decided to downplay suspicions from scientists that Covid-19 came from a laboratory to protect his reputation and deflect from the risky coronavirus research his agency had funded, according to his boss, one of the most senior US health officials during the pandemic. In an exclusive interview, Robert Kadlec – former assistant secretary for preparedness and response at the US Department of Health – [said] that he, Dr Fauci and National Institutes of Health director Francis Collins privately discussed how to "turn down the temperature" on accusations against China in the early days of the pandemic. The National Institutes of Health and other US agencies funded 65 scientific projects at the Wuhan Institute of Virology over the past decade, many involving risky research on bat coronaviruses. "I think Tony Fauci was trying to protect his institution and his own reputation from the possibility that his agency was funding the Wuhan Institute of Virology researchers who, beyond the scope of the grants received from the National Institutes of Health, may have been working with People's Liberation Army researchers on defensive coronavirus vaccines," Dr Kadlec said. "We think vaccine research resulted in the pandemic – that vaccine research was the proximate cause." Dr Fauci has denied his agency funded gain-of-function research, but Dr Kadlec said this wasn't true.
Note: For more along these lines, see concise summaries of deeply revealing news articles on science corruption and the coronavirus from reliable major media sources.
There's a lot of money in AI. Economists are predicting a massive boom in productivity as AI use takes off, buoyed by empirical research showing tools like ChatGPT boost worker output. Demis Hassabis, the founder of DeepMind, sold his company to Google in 2014 only after the latter agreed to an independent ethics board that would govern how Google uses DeepMind's research. ChatGPT maker OpenAI is structured as a nonprofit that owns a for-profit arm. Anthropic, which makes the chatbot Claude, is divesting control over a majority of its board to a trust composed not of shareholders, but independent trustees meant to enforce a focus on safety ahead of profits. Those three companies, plus Microsoft, got together ... to start a new organization meant to self-regulate the AI industry. There are three broad ways the profits reaped by AI companies could make their way to a more general public. The first ... is taxes. The second, considerably less important, is charity. The third is if the companies themselves decide to donate a large share of their profits. This was the key proposal of a landmark 2020 paper called "The Windfall Clause." The idea is simple: The clause is a voluntary but binding commitment that AI firms could make to donate a set percentage of their profits in excess of a certain threshold to a charitable entity. They suggest the thresholds be based on profits as a share of the gross world product (the entire world's economic output).
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.