Risk of Extinction from AI real?

Hey there scroller 🤳

Ready for another day’s headstart with some fresh news?

What’s Hot. In a startling twist, Twitter's value has plummeted to just 33% of the whopping $44 billion that tech titan Elon Musk paid for it, according to Fidelity. Under Musk's helm, the social media giant has wrestled with serious financial woes, a drastic 50% nosedive in ad revenue, and a lackluster response to Twitter Blue subscriptions.

If your pal sent this to you, then subscribe to stay the most informed person in the room😉

💼 Imminent House Vote on Crucial US Debt Ceiling Suspension

Biden and McCarthy's bill raising the $31.4 trillion US debt ceiling passed an important House committee, averting potential economic chaos. McCarthy, calling it the "most conservative deal we've ever had," predicts approval before June 5, If approved, it will reduce spending by $1.5 trillion over a decade starting from 2024 and lower public debt interest by $188 billion. Democratic support is expected, despite opposition. Senate battle looms next.

💸 US Consumer Confidence Hits 6-Month Low, Labor Outlook Wanes

U.S. consumer confidence in May slipped to a six-month low, mainly among individuals aged 55+ and households earning $50,000-$99,000. Chief Economist Christopher Rupkey said, "Older Americans were less confident in the future... with talk of budget cuts." Views on the labor market softened, but intentions to purchase big-ticket items increased, potentially boosting economic growth. Inflation is expected to stabilize at higher levels. These developments suggest mixed future economic conditions.

🛰️ Ukraine War Reaches Moscow: Drone Attacks Strike Both Capitals

Ukrainian drones struck Moscow's wealthy districts, including Leninsky Prospekt and the area where Russian elites, including Putin, have residences. Kyiv faced a third aerial attack in 24 hours. Rafael Grossi, IAEA chief, cautioned against any attack on or from the Zaporizhzhia nuclear plant, highlighting the region's perilous situation. "Military activities continue in the region and may well increase very considerably in the near future," he cautioned. Escalations are anticipated.

☢️ Russia and Ukraine Reject IAEA's Nuclear Plant Protection Plan

IAEA Chief Rafael Grossi proposed five principles to safeguard Ukraine's Russian-occupied Zaporizhzhia nuclear plant, but neither Russia nor Ukraine committed to them. Grossi described the situation as "extremely fragile and dangerous". Russia's UN Ambassador stated measures to secure the plant were already in place, while Ukraine called for full demilitarization and de-occupation. Western powers blame Russia for risking a nuclear catastrophe.

🤖 AI Community Flags Potential 'Extinction' Risks

AI leaders and academics, including OpenAI's CEO and AI pioneer Geoffrey Hinton, have signed a statement warning of the potential 'extinction' risk from AI, urging global priority akin to pandemics and nuclear war. "Mitigating the risk of extinction from AI should be a global priority," the statement read, endorsing regulation amidst growing AI hype. The conversation continues: AI’s potential is astounding, but we must tread carefully.

🎮 Microsoft Criticizes UK Regulator's Obstacle to Activision Deal

Microsoft has criticized UK's Competition & Markets Authority (CMA) for blocking its $69 billion acquisition of Activision Blizzard, labeling it a global "outlier". An appeal against the decision is set for late July. Microsoft's lawyer, Daniel Beard, emphasized urgency, stating "If this process does not move forward quickly, it jeopardizes this merger". Beard argued that the CMA is the only authority causing uncertainty, with 10 other regulators, including the EU's competition authority, already approving the merger.

⚽ Neymar Declares Man Utd Transfer Intent Amid Arsenal Option

Neymar seems set on either staying with Paris Saint-Germain or heading to Manchester United, dismissing links to Arsenal. PSG appears ready to sell the Brazilian forward, hoping to recover a fee before his contract ends in 2025. His potential transfer to United may coincide with a prospective Qatari takeover of the club. Despite rumors, Neymar stated, "Until now, the club haven't told me anything so I don't know what their plans are for me."

🏈 SEC Coaches Undecided as Football Schedule Debate Progresses

As the Southeastern Conference (SEC) gears up for Texas & Oklahoma's inclusion in 2024, there's debate over maintaining the current 8-game schedule with a single annual rivalry or moving to 9 games with 3 annual rivals. Some coaches argue for tradition, others for increased matchups. Missouri coach Eli Drinkwitz joked, "I'm blown away that the 13 colonies actually formed a union, but we can't agree on an eight- or nine-game schedule." SEC hopes to reach a decision this week.

🗳️ Nevada's GOP Governor Crosses Party Lines to Safeguard Abortion Rights

Nevada Governor Joe Lombardo, a Republican, signed into law protections for out-of-state abortion patients & in-state providers, making Nevada safe for such patients. This keeps a promise Lombardo made during his campaign, despite describing himself as "pro-life". Democratic Senate Majority Leader Nicole Cannizzaro said, "Governor Lombardo made a campaign commitment... Today, Governor Lombardo kept that commitment.” This underlines the complex dynamics of abortion debates in politically diverse states.

✈️ Chinese Jet Makes 'Aggressive' Approach Near US Military Plane, Says Pentagon

Pentagon has reported an "unnecessarily aggressive" maneuver by a Chinese J-16 fighter jet near a U.S. RC-135 military plane in the South China Sea's international airspace. The U.S. insisted it will continue to "operate – safely and responsibly – wherever international law allows." Meanwhile, China's embassy spokesperson urged the U.S. to stop "dangerous provocations," blaming it for threatening China's national security with close-in reconnaissance activities. This precedes China's refusal of a meeting request from the U.S. Defense Secretary.

🏛️ GOP Oversight Chair Targets FBI Director with Contempt Proceedings

Chairman Comer plans contempt proceedings against FBI Director Wray for not providing 'The Biden-mentioned forms from June 2020, terming the FBI's refusal as "obstructionist and unacceptable." The FBI argues they're cooperating in good faith. Despite the tension, the full House's approval and the Department of Justice's decision will be crucial. This situation underscores the complex interplay between GOP oversight and FBI operations.

On May 31, 1790, the United States boldly embraced creativity and innovation by enacting its first-ever copyright law. Inspired by Britain's Statute of Anne, this groundbreaking law protected books, maps, and charts for a limited period. President George Washington, a visionary leader, signed this milestone into law, igniting a legacy of protecting and celebrating intellectual works in the land of the free.

Thanks for scrolling with us🤳

Want to share Daily Scroll with a Pal? Forward this email and invite them to join our community of savvy scroll-ers.

We'd love to hear your feedback on today's issue of Daily Scroll! Simply reply to this email and share your thoughts on how we can improve our content and format.

Have a great day and see you tomorrow 🕺