The world is "on the brink" of a capital war where money is weaponized, according to billionaire hedge fund manager Ray Dalio. Speaking at the World Governments Summit in Dubai on Tuesday, Dalio, the founder of Bridgewater Associates, warned that countries are increasingly attacking each other by controlling the flow of money, such as leveraging debt ownership, Fortune reported. He suggested gold would be the safest asset to invest in during these volatile times.
Dalio's warning comes amid growing concerns about the intersection of technology, geopolitics, and economics. Peter Thiel, the billionaire investor and close ally of former President Donald Trump, has also expressed concerns about the "end of modernity," linking it to the rise of environmentalism and technology regulation, Fortune reported. In recent lectures, Thiel has argued that these trends are spiritual markers of an end-times struggle over the future of the West.
Meanwhile, the rise of artificial intelligence is also raising concerns about its impact on the workforce. Heather Stewart reported in Hacker News that policymakers are being urged to implement checks on powerful AI tools, emphasizing that AI should augment rather than replace humans. Stewart quoted Elon Musk, who envisioned a world with more robots than people, but cautioned that children need human connection.
Concerns about AI extend to security risks as well. MIT Technology Review reported on the need for governance in agentic systems, treating AI agents like powerful, semi-autonomous users and enforcing rules at the boundaries where they interact with identity, tools, data, and outputs. According to MIT Technology Review, this approach is crucial for mitigating agent risk.
Despite these challenges, technology also offers potential solutions. MIT Technology Review highlighted the use of microbes to extract metals needed for cleantech. At the Eagle Mine in Michigan's Upper Peninsula, the mine's owner is testing a new process developed by the startup Allonnia to extract nickel from lower-quality ore. Kent Sorenson, Allonnia's chief technology officer, stated that this approach could help companies continue operating sites that have burned.
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