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SINGAPORE: Donald Trump’s victory at the 2024 US election has been met with trepidation by environmentalists around the world , given his track record of dismantling environmental regulations and driving increased oil and gas extraction. Trump’s comeback to the White House will likely throw a spanner in climate action both domestically and internationally. In 2017, he withdrew the United States from the Paris Agreement to limit global warming to 1.5 degrees Celsius. There are concerns that he would do the same when he takes office. Some measures in the US that are expected to see rollbacks include incentives and subsidies for clean energy such as wind and solar, and the Environmental Protection Agency’s rules against coal-powered electric plants, methane emissions and tailpipe emissions. Oil drilling in Alaska’s wildlife refuge will likely re-commence under Trump’s administration. As the largest carbon polluter historically, the United States has a responsibility to reduce its emissions - but this will not be met when Trump embraces aggressive fossil fuel drilling and burning. US CLIMATE LEADERSHIP IS DEBATABLE Even without the Trump administration acknowledging human-driven climate change, extreme weather events have cost the United States a whopping US$24 billion in 2024 . Hurricane Helene and Hurricane Milton struck the south of the country in a span of two weeks, killing dozens and destroying homes. Such disasters will become more intense, frequent and costly as temperatures rise. US President Joe Biden has also been criticised for not doing enough to combat climate change. The Biden administration issued 20 per cent more oil and gas licenses than Trump in his first term, revealing the hypocrisy of heavy fossil fuel investments despite its supposed climate commitments. Biden did not attend the COP29 talks at Azerbaijan, passing up the chance to assert the US’ climate leadership in the last year of his presidency. Already, the US$300 billion COP29 deal to help developing countries mitigate and adapt to global warming has been criticised as insufficient, compared to the several trillions needed by 2030. And it is certainly unremarkable when compared to record-high US$7 trillion worth of subsidies the fossil fuel industry received in 2022. But these developments may not be all doom and gloom when it comes to climate action. CHINA LIKELY TO STEP UP While the US falls behind on climate action, other countries are stepping up. Even if the US exits from the Paris Agreement, as it did in 2016, climate targets and negotiations will continue, with China stepping up to lead the global energy transition. Progress in climate financing, the key agenda at this year’s COP, has admittedly faced setbacks in terms of contributions from wealthy developed countries. But widening the donor pool to emerging economies such as China and oil-rich states could help if America pulls out from the agreement. China is increasingly positioning itself as a climate leader, evident through its climate partnerships with countries such as Australia, France and Germany. As part of its cooperation with the African Union, China is involved in more than 120 climate projects throughout the continent. Closer to home, China has partnered with Southeast Asian countries on technology exchanges and environmental monitoring applications. Having ratified the Paris Agreement and the UN 2030 Agenda for Sustainable Development, China has the potential to advance emerging energy technologies. If the US falls back on global climate cooperation and investment, China and other states will fill the gap. IMPLICATIONS ON SOUTHEAST ASIA’S ENERGY TRANSITION In a tense political climate rife with US-China rivalry, climate action can be a key issue that fosters or reduces grounds for cooperation. On one hand, Southeast Asia presents an opportunity for the US to grow its investments in the region’s green energy transition. The Association of Southeast Asian Nations (ASEAN) has set a renewable energy target of 23 percent by 2025 in total primary energy supply. Under the Biden Administration, there was some progress between the US and ASEAN on climate cooperation, through the US-ASEAN Comprehensive Strategic Partnership and the first ASEAN-US Ministerial Dialogue on Environment and Climate Change in 2023. However, it remains to be seen if Trump will advance climate cooperation initiatives with ASEAN. During his last term as president, the Trump administration arguably saw Southeast Asia as a low-priority region within the wider Asia-Pacific. Trump’s America First approach and campaign pledges to enact protectionist measures such as steep tariffs are likely to trigger tit-for-tat reactions from China. Additionally, the US would ramp up its competition with China in renewable energy. These developments would largely have a mixed effect on Southeast Asia. We would likely see increased opportunities and investments in the region with other countries seeking to diversify their supply chains. At the same time, the region would also suffer disruptions or increased costs of critical minerals and green technologies following any repercussions from protectionist measures by both US and China. COUNTRIES MUST STICK TO CLIMATE COMMITMENTS Southeast Asian countries, including Singapore, will benefit from increased cooperation with the US on climate. While there may be a loss of climate financing to the regions’ projects under a Trump administration, US clean energy companies may look to Southeast Asia to secure their supply chains and expand into new markets. At least on climate cooperation on a bilateral level, there will likely be a level of continuity during the Trump administration. As a small state that values multilateralism and global governance institutions, Singapore will continue to be a steadfast advocate of global cooperation on climate change. Most importantly, regional decarbonisation efforts should be stepped up, for instance in establishing the ASEAN power grid that will allow member states to trade green energy. The world is already off track in meeting its climate goals. It is all the more vital for countries to stick to their commitments and work together to tackle climate change. The momentum towards clean energy is unstoppable, and if the Trump administration chooses not to prioritise it, the US will continue to lag on climate action and leadership. Peili Pey is Research Fellow and Danielle Lynn Goh is Associate Research Fellow at the Centre for Non-Traditional Security Studies, S Rajaratnam School of International Studies.Sagittarius Daily Horoscope Today, December 07, 2024 predicts a prosperous dayVANCOUVER, British Columbia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX: ETG ; OTCQB:ERLFF – the " Company " or " Entrée "), (TSX:ETG; OTCQB: ERLFF – the " Company " or " Entrée ") is pleased to announce that today a partial final award (the " Award ") was made by the three-member international arbitration Tribunal appointed in connection with the Company's binding arbitration proceedings against its joint venture partner Oyu Tolgoi LLC (" OTLLC" ) and Turquoise Hill Resources Ltd. (together, the " Respondents "). The Tribunal has ruled in favor of Entrée on all issues and dismissed the Respondents' counterclaims. Stephen Scott, the Company's President & CEO commented, "This Award represents a tremendous outcome for the Company and provides much needed certainty for all Oyu Tolgoi project stakeholders as we endeavor to keep Lift 1 Panel 1 development work on schedule." The Company commenced proceedings on May 26, 2022, to seek declarations and orders for specific performance relating to certain provisions of the amended 2004 Equity Participation and Earn-in Agreement (the " Earn-in Agreement ") and Joint Venture Agreement (the " JVA ") with OTLLC. The Tribunal issued final and binding declarations that: OTLLC is obligated to provide to Entrée an executed copy of the JVA, in the form appended to the Earn-in Agreement, subject only to any amendments to its terms that Entrée and OTLLC mutually agree; OTLLC is obligated to facilitate and accept the transfer of the Shivee Tolgoi and Javhlant mining licenses (the " Licenses ") for the Entrée/Oyu Tolgoi joint venture as required by the JVA; and Any taxes and fees assessed on the transfer of the Licenses are subject to the terms of the JVA, with OTLLC contributing Entrée's 20% share as a loan under Section 10.1 of the JVA. The Tribunal also reserved Entrée's claims for specific performance, and in the alternative equitable damages, and the issue of costs, to a subsequent award. The Company is currently considering potential next steps and will update the market in due course. ABOUT ENTRÉE RESOURCES LTD. Entrée Resources Ltd. is a well-funded Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world's largest copper-gold projects – the Oyu Tolgoi project in Mongolia. Entrée has a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi joint venture, depending on the depth of mineralization. Horizon Copper Corp. and Rio Tinto are major shareholders of Entrée, beneficially holding approximately 24% and 16% of the shares of the Company, respectively. More information about Entrée can be found at www.EntreeResourcesLtd.com . FURTHER INFORMATION David Jan Investor Relations Entrée Resources Ltd. Tel: 604-687-4777 | Toll Free: 1-866-368-7330 E-mail: djan@EntreeResourcesLtd.com This News Release contains forward-looking information within the meaning of applicable Canadian securities laws with respect to corporate strategies and plans; requirements for additional capital; uses of funds and projected expenditures; arbitration proceedings, including the potential benefits, timing and outcome of arbitration proceedings; the effect an arbitration decision may have on a commercial resolution of matters related to the JVA; the ability of the parties to reach a commercial resolution of matters related to the JVA; the Company's ability to transfer the Shivee Tolgoi and Javhlant mining licences to OTLLC either in conjunction with finalization and execution of an alternative agreement(s) with OTLLC, or enforcement of certain provisions of the Earn-in Agreement and JVA pursuant to binding arbitration proceedings; timing and status of Oyu Tolgoi underground development; the expected timing of development work on the Shivee Tolgoi mining licence and the potential for delay if the Shivee Tolgoi mining licence cannot be transferred to OTLLC in a timely fashion; the nature of the ongoing relationship and interaction between OTLLC and Rio Tinto and the Government of Mongolia and Erdenes Oyu Tolgoi LLC with respect to the continued operation and development of Oyu Tolgoi; discussions with the Government of Mongolia, Erdenes Oyu Tolgoi LLC, Rio Tinto, and OTLLC on a range of issues including Entrée's interest in the Entrée/Oyu Tolgoi joint venture property, the Shivee Tolgoi and Javhlant mining licences and certain material agreements; potential actions by the Government of Mongolia with respect to the Shivee Tolgoi and Javhlant mining licences and Entrée's interest in the Entrée/Oyu Tolgoi joint venture property; plans for future exploration and/or development programs and budgets; permitting time lines; anticipated business activities; proposed acquisitions and dispositions of assets; and future financial performance. In certain cases, forward-looking information can be identified by words such as "plans", "expects" or "does not expect", "is expected", "budgeted", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". While the Company has based this forward-looking information on its expectations about future events as at the date that such information was prepared, the information is not a guarantee of Entrée's future performance and is based on numerous assumptions regarding present and future business strategies; the correct interpretation of agreements, laws and regulations; the commencement and conclusion of arbitration proceedings, including the potential benefits, timing and outcome of arbitration proceedings; the potential benefits, timing and outcome of discussions with the Government of Mongolia, Erdenes Oyu Tolgoi LLC, OTLLC, and Rio Tinto; the future ownership of the Shivee Tolgoi and Javhlant mining licences; that the Company will continue to have timely access to detailed technical, financial, and operational information about the Entrée/Oyu Tolgoi joint venture property, the Oyu Tolgoi project, and government relations to enable the Company to properly assess, act on, and disclose material risks and opportunities as they arise; local and global economic conditions and the environment in which Entrée will operate in the future, including commodity prices, projected grades, projected dilution, anticipated capital and operating costs, including inflationary pressures thereon resulting in cost escalation, and anticipated future production and cash flows; the anticipated location of certain infrastructure and sequence of mining within and across panel boundaries; the construction and continued development of the Oyu Tolgoi underground mine; the status of Entrée's relationship and interaction with the Government of Mongolia, Erdenes Oyu Tolgoi LLC, OTLLC, and Rio Tinto; and the Company's ability to operate sustainably, its community relations, and its social licence to operate. With respect to the construction and continued development of the Oyu Tolgoi underground mine, important risks, uncertainties and factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking information include, amongst others, the current economic climate and the significant volatility, uncertainty and disruption arising in connection with the Ukraine conflict; the nature of the ongoing relationship and interaction between OTLLC, Rio Tinto, Erdenes Oyu Tolgoi LLC and the Government of Mongolia with respect to the continued operation and development of Oyu Tolgoi; the continuation of undercutting in accordance with the mine plans and designs in OTFS23; applicable taxes and royalty rates; the future ownership of the Shivee Tolgoi and Javhlant mining licences; the amount of any future funding gap to complete the Oyu Tolgoi project and the availability and amount of potential sources of additional funding; the timing and cost of the construction and expansion of mining and processing facilities; inflationary pressures on prices for critical supplies for Oyu Tolgoi resulting in cost escalation; the ability of OTLLC or the Government of Mongolia to deliver a domestic power source for Oyu Tolgoi (or the availability of financing for OTLLC or the Government of Mongolia to construct such a source) within the required contractual timeframe; sources of interim power; OTLLC's ability to operate sustainably, its community relations, and its social licence to operate in Mongolia; the impact of changes in, changes in interpretation to or changes in enforcement of, laws, regulations and government practises in Mongolia; delays, and the costs which would result from delays, in the development of the underground mine; the anticipated location of certain infrastructure and sequence of mining within and across panel boundaries; projected commodity prices and their market demand; and production estimates and the anticipated yearly production of copper, gold and silver at the Oyu Tolgoi underground mine. Other risks, uncertainties and factors which could cause actual results, performance or achievements of Entrée to differ materially from future results, performance or achievements expressed or implied by forward-looking information include, amongst others, unanticipated costs, expenses or liabilities; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; development plans for processing resources; matters relating to proposed exploration or expansion; mining operational and development risks, including geotechnical risks and ground conditions; regulatory restrictions (including environmental regulatory restrictions and liability); risks related to international operations, including legal and political risk in Mongolia; risks related to the potential impact of global or national health concerns; risks associated with changes in the attitudes of governments to foreign investment; risks associated with the conduct of joint ventures, including the ability to access detailed technical, financial and operational information; risks related to the Company's significant shareholders, and whether they will exercise their rights or act in a manner that is consistent with the best interests of the Company and its other shareholders; inability to upgrade Inferred mineral resources to Indicated or Measured mineral resources; inability to convert mineral resources to mineral reserves; conclusions of economic evaluations; fluctuations in commodity prices and demand; changing foreign exchange rates; the speculative nature of mineral exploration; the global economic climate; dilution; share price volatility; activities, actions or assessments by Rio Tinto or OTLLC and by government stakeholders or authorities including Erdenes Oyu Tolgoi LLC and the Government of Mongolia; the availability of funding on reasonable terms; the impact of changes in interpretation to or changes in enforcement of laws, regulations and government practices, including laws, regulations and government practices with respect to mining, foreign investment, strategic deposits, royalties and taxation; the terms and timing of obtaining necessary environmental and other government approvals, consents and permits; the availability and cost of necessary items such as water, skilled labour, transportation and appropriate smelting and refining arrangements; unanticipated reclamation expenses; changes to assumptions as to the availability of electrical power, and the power rates used in operating cost estimates and financial analyses; changes to assumptions as to salvage values; ability to maintain the social licence to operate; accidents, labour disputes and other risks of the mining industry; global climate change; global conflicts; natural disasters; the impacts of civil unrest; the impacts of the Ukraine conflict; breaches of the Company's policies, standards and procedures, laws or regulations; trade tensions between the world's major economies; increasing societal and investor expectations, in particular with regard to environmental, social and governance considerations; the impacts of technological advancements; title disputes; limitations on insurance coverage; competition; loss of key employees; cyber security incidents; misjudgements in the course of preparing forward-looking information; and those factors discussed in the Company's most recently filed MD&A and in the Company's Annual Information Form for the financial year ended December 31, 2023, dated March 8, 2024 filed with the Canadian Securities Administrators and available at www.sedarplus.ca . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company is under no obligation to update or alter any forward-looking information except as required under applicable securities laws. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.None
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CINCINNATI (AP) — Saturday’s wild overtime win over the Denver Broncos was the most important in what has been a mostly disappointing season for the Cincinnati Bengals. Not only did the Bengals (8-8) win their fourth straight for the first time this season and keep their slim playoff hopes alive, but they also finally made enough plays late to win a close game. Seven of their previous eight losses were by one score. And Cincinnati also got a win over one of the league’s better teams. Its seven previous victories came against sub-.500 teams. Joe Burrow, in the midst of the best season of his career, threw a 3-yard touchdown pass to Tee Higgins with 1:07 left in overtime to win it 30-24. The final drive followed two critical stops by the Cincinnati defense. “We’ve known we had a good football team all along,” Bengals coach Zac Taylor said. “And those (close) games are disappointing that we came up short, but they didn’t change our process. They didn’t change what our guys believed in. We didn’t have to change everything we did. We still believed in what we were doing. And now we’ve won four in a row, and we have to make it five in a row.” The playoffs are still a long shot. To get there, the Bengals will have to go into Pittsburgh and beat the Steelers next weekend in the regular-season finale and also count on other bubble teams losing. What’s working The Bengals are playing their best football of the season. Burrow, battered by the Denver pass rush, completed nearly 80% of his passes in piling up 412 yards and three touchdowns. It marked his eighth straight game with at least 250 yards and three touchdown passes, extending his NFL record. ... Receiver Ja’Marr Chase, who had nine catches for 102 yards against the Broncos, could finish the season with the receiving triple crown — most catches, yards and touchdowns. What needs help The offensive line continues to struggle, even with the return of starting left tackle Orlando Brown Jr. Burrow rarely had a clean pocket, was constantly on the run and was sacked seven times and hit 15 times. Stock up The Cincinnati defense, much maligned this season, forced two Denver punts in overtime. The second one led to the Bengals’ game-winning drive. Linebacker Germaine Pratt intercepted Bo Nix to end a Denver drive in the fourth quarter. “For them to rise up and get those two stops and allow the offense a shot to go win it (is) big-time stuff,” Taylor said. Higgins caught 11 passes for 131 yards and was the recipient of all three of Burrow’s touchdown passes. “Everybody can see what kind of player he is,” Burrow said of Higgins, who is playing this season with the franchise tag. “He elevates us to a different level when he’s playing like that.” Stock down Kicker Cade York, who was signed in early December to fill in for the injured Evan McPherson, had a chance to win the game with 2:49 left in overtime, but his 33-yard field-goal attempt bounced off the left upright. Injuries RB Chase Brown sprained his ankle in an awkward slide as the Bengals tried to run out the clock in regulation. ... OT Amarius Mims suffered an injury to his right hand. Key number 499 — total yards by the Bengals against Denver. Next steps The Bengals finish the season at Pittsburgh. The Steelers beat them 44-38 on Dec. 1. ___ AP NFL: https://apnews.com/hub/NFLMatt Gaetz says he won't return to Congress next year after withdrawing name for attorney general
NEW YORK — No ex-president had a more prolific and diverse publishing career than Jimmy Carter . His more than two dozen books included nonfiction, poetry, fiction, religious meditations and a children’s story. His memoir “An Hour Before Daylight” was a Pulitzer Prize finalist in 2002, while his 2006 best-seller “Palestine: Peace Not Apartheid” stirred a fierce debate by likening Israel’s policies in the West Bank to the brutal South African system of racial segregation. And just before his 100th birthday, the Dayton Literary Peace Prize Foundation honored him with a lifetime achievement award for how he wielded "the power of the written word to foster peace, social justice, and global understanding.” In one recent work, “A Full Life,” Carter observed that he “enjoyed writing” and that his books “provided a much-needed source of income.” But some projects were easier than others. “Everything to Gain,” a 1987 collaboration with his wife, Rosalynn, turned into the “worst threat we ever experienced in our marriage,” an intractable standoff for the facilitator of the Camp David accords and winner of the Nobel Peace Prize. According to Carter, Rosalynn was a meticulous author who considered “the resulting sentences as though they have come down from Mount Sinai, carved into stone.” Their memories differed on various events and they fell into “constant arguments.” They were ready to abandon the book and return the advance, until their editor persuaded them to simply divide any disputed passages between them. “In the book, each of these paragraphs is identified by a ‘J’ or an ‘R,’ and our marriage survived,” he wrote. Here is a partial list of books by Carter: “Keeping Faith: Memoirs of a President” “The Blood of Abraham: Insights into the Middle East” (With Rosalynn Carter) “Everything to Gain: Making the Most of the Rest of Your Life” “An Outdoor Journal: Adventures and Reflections” “Turning Point: A Candidate, a State, and a Nation Come of Age” “Always a Reckoning, and Other Poems” (With daughter Amy Carter) “The Little Baby Snoogle-Fleejer” “Living Faith” “The Virtues of Aging” “An Hour Before Daylight: Memories of a Rural Boyhood” “Christmas in Plains: Memories” “The Hornet’s Nest: A Novel of the Revolutionary War” “Our Endangered Values: America’s Moral Crisis” “Faith & Freedom: The Christian Challenge for the World” “Palestine: Peace Not Apartheid” “A Remarkable Mother” “Beyond the White House” “We Can Have Peace in the Holy Land: A Plan That Will Work” “White House Diary” “NIV Lessons from Life Bible: Personal Reflections with Jimmy Carter” “A Call to Action: Women, Religion, Violence, and Power” “A Full Life: Reflections at Ninety”
Super Micro Wins Key Nasdaq Extension. The Stock Is Soaring. - Investor's Business Dailyhas made a bold choice for NASA's new leader. Trump announced in a Truth Social post on Wednesday that his is Jared Isaacman — a CEO, fighter-jet pilot, and two-time SpaceX astronaut. Isaacman is not exactly a traditional pick. For one, he would be the first billionaire to lead the agency. More importantly, though, he's on the cutting edge of the new , where private companies are becoming the biggest actors in space. Some past NASA administrators were former NASA astronauts. Others were former executives from the aerospace industry. Many were politicians — including Trump's last NASA chief, Jim Bridenstine, and the . Isaacman is none of those things. He has, however, flown to space in a conducted the first-ever commercial spacewalk in a brand-new SpaceX spacesuit, and plans to fly on future missions with the company — aboard its Starship mega-rocket, no less. The nomination, which still has to be confirmed by the Senate, suggests that Trump wants to shake things up at NASA. "He certainly has the potential to be a disruptor," Leroy Chiao, a former NASA astronaut and commander who now works in consulting, told Business Insider. "I think it's a great pick. It's much better than just status quo — another retiring member of Congress." It's also another signal that Trump might make a big push to put the next humans on the moon, and even . Speeding up the road to Mars Isaacman's enthusiasm for space exploration isn't his only bona fide. He also has a businessman's mindset and a close relationship with . The two share the goal of getting humans to Mars. Chiao hopes Isaacman can speed up the process. Indeed, in a post on X accepting the nomination, Isaacman wrote that NASA would help make humanity "a true spacefaring civilization." "Americans will walk on the Moon and Mars and in doing so, we will make life better here on Earth," he added. NASA is already working on it. The Artemis program began as the last Trump administration's iteration of a multi-president effort to send humans to deep space again. Artemis aims to for the first time in over 50 years, and eventually to use the moon as a jumping-off point to send people to Mars. However, Artemis is years behind schedule and billions over budget, largely due to technical and programmatic challenges with the giant Space Launch System that NASA is building for moon missions. Many industry commentators see SLS as a waste of government funds, when NASA could instead lean on commercial heavy-lift rockets like Starship. "Frankly, we have been at the status quo of this exploration program in one form or another over the last several presidents since 2004," Chiao said, "and we're not even close to launching the first astronaut on a new vehicle." In fact, NASA just for its first crewed Artemis mission, set to fly around the moon using SLS. On Thursday the agency delayed the mission by another seven months, to April 2026, citing issues with the system's Orion spaceship. That's the slow-moving status quo that Trump might aim to shake up. To that end, efficiency may be a top priority for Isaacman. That could mean reassessing Artemis entirely or cutting back some of NASA's centers and facilities nationwide, according to Abhi Tripathi, a former NASA engineer and SpaceX mission director who now leads mission operations at the UC Berkeley Space Sciences Lab. "I definitely think SLS will be on the chopping board," Tripathi told BI. First, though, Isaacman will have to go through Congress. "He is going to ruffle a lot of feathers," Chiao said. Pushing through Congress Congress can be a formidable wall for anyone trying to revolutionize NASA. In places like Alabama and Southern California, a status quo NASA fuels the work of legacy aerospace contractors like Boeing and Northrop Grumman. "The majority of members of Congress want jobs in their district, and they look at the space program primarily through that lens," Tripathi said. Plus, he added, "the lobbying arms of all of those big contractors will be basically camped outside their congressional representative's office, asking them to thwart any big plans that would change the status quo greatly." It'll all come to a head when the Trump White House makes its budget proposal. That's when Congress will approve or deny any cuts or reprioritizations that Trump and his NASA Administrator try to make. If Trump wants to put boots on Mars fast, he'll have to convince individual Congress members to push those changes through. "I think Jared is a very smart and capable individual," Tripathi said, "but his ability to wield power will completely depend upon how much his president will back him up." Read the original article onChatGPT and Meta and Google's generative AI products should be designated "high risk" under dedicated artificial intelligence laws that could strictly regulate or even ban the most risky AI technologies. That's the bipartisan recommendation of a special parliamentary inquiry into the rapidly growing tech, which has also levelled an extraordinary accusation at the tech giants that they have committed "unprecedented theft" from creative workers in Australia. The senators said if Amazon, Meta and Google's use of copyrighted content without permission or compensation is not already unlawful, "it should be". It recommended work begin "urgently" to develop a mechanism for creators to be paid if their work is used to train commercial AI models. The findings set the stage for the federal government to introduce overarching legislation that could explicitly prohibit certain uses of AI, and a comprehensive framework to cover its use in healthcare, the office, online, or any other part of society. Ed Husic is developing the government's response to the rapid rise in popularity of AI. (ABC News: Nick Haggarty) The government established the parliamentary committee to consider whether it should respond to the rise of AI with "whole-of-economy" legislation, tweaks to existing laws, or a lightest-touch approach of regulations developed in partnership with the industry. The committee opted for the strongest response. The inquiry's chair, Labor senator Tony Sheldon, said AI presented a great opportunity for Australia, but if companies want to operate in this country they should not be able to exploit Australians. "Artificial intelligence has incredible potential to significantly improve productivity, wealth and wellbeing, but it also creates new risks and challenges to our rights and freedoms that governments around the world need to address," Senator Sheldon said. "We need new standalone AI laws to rein in big tech and put strong protections in place for high-risk AI... Jake Evans