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[Weekend Roundup] An AI Armageddon or an AI Arcadia

“Now, I am become Death, the destroyer of worlds.”

No, I’m not talking about the atomic bomb. I’m talking about letting go of fears and putting faith in… the divine… the fates… whatever of your choosing. 

While credited to J. Robert Oppenheimer, those words are originally from the Hindu scripture, the Bhagavad-Gita, where the god Vishnu utters them while convincing the Prince to embrace his duty and multi-armed form.

Today, those famous words are taking on new meaning thanks to some OpenAI whistleblowers: the “destroyer of worlds” could now be bits and bytes.

In other words, unchecked AI integration in dangerous.

Now, it’s probably too dramatic to claim AI will literally end the world. But it absolutely will change it. And therein lies the rub: humanity doesn’t like change… especially the kind that’s fast enough to notice in a lifetime. 

Case in point: A group of current and former OpenAI employees recently sounded their alarm in an open letter calling out the company

They’re accusing OpenAI of prioritizing profits over safety protocols for their artificial general intelligence (AGI) project. (Let’s be clear, there’s nothing wrong with prioritizing profits… it’s how companies survive and reward their investors… but some level of responsibility is necessary). 

AGI is a computer program theoretically capable of human-level intelligence across all tasks. It was slated for arrival around 2050, but according to the whistleblowers, there’s now a 50% chance it will arrive within just three years.

That accelerated timeline has them spooked about the potential havoc of an insufficiently governed, human-level AI release.

We’re less spooked (frankly, not phased at all) because technological breakthroughs and industry disruptions are the hotbeds of investment opportunities… they lead to greatly improved standards of living… they’re the essence of humanity. 

It’s interesting to hear the concerns of AI whistleblowers. Queen Elizabeth I wouldn’t patent the automatic stocking knitter back in the day because she feared what it would do to the livelihoods of women who knit stockings by hand. 

Yet here we are today… cheap clothing easily accessible… and profitable investment opportunities in garment makers and the retailers who sell them. 

Like Charles said yesterday, the trick is to know which opportunities are the best. That’s where The Freeport Society comes in. It’s where our Freeport friend Luke Lango becomes an invaluable ally… particularly with his latest discovery that could break into mainstream consciousness come Monday. 

Watch this video for the details.

Then come back to see what else we talked about this week…

Two Investments to Make NOW to Survive the Next President

No matter the results of this upcoming election, there will still be more debt… more deficit spending… continued inflation… However, you can read Monday’s article to find out how to grow your wallet in the midst of the insanity.

Apple’s AI Revolution Is Finally Here

Freeport Society friend Luke Lango joined us for a special issue on Wednesday. It’s all about Apple’s plan to join the AI game – and how you can profit from it. You don’t want to miss these gains.

Apple Is About To Send a Little-Known Stock Soaring

Apple’s Worldwide Developers Conference kicks off on Monday, and this year the stakes are high. Apple’s AI revolution might finally be here. Read on for details.

Looking Ahead

The year of elections is in full swing…

We saw the Mexican peso plummet as much as 2.7% on Thursday afternoon, days after Claudia Sheinbaum’s win and the Morena party’s plans for reform.

On the other hand, Indian traders triggered a one-day $386 billion wipeout when prime minister Narendra Modi came away with a much narrower win than the polls had suggested.

The takeaway?

Polls have become dangerously powerful.

We’ve seen how embarrassingly inaccurate they are, Brexit and Donald Trump’s victory in 2016 serve as clear examples.

So tread carefully as we head into next week. It’s stacked with numbers that will move the markets, including the consumer price index (CPI) reading on Tuesday, the Federal Reserve’s latest interest rate decision on Wednesday, and the producer price index (PPI) numbers out on Thursday. 

This Age of Chaos is raging.

To life, liberty, and the pursuit of wealth.