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    profiteering

    Pentagon Press Secretary Ryder Holds Press Briefing

    Pentagon Fails Seventh Straight Audit as Annual US Military Budget Nears $1 Trillion

    Sen. Bernie Sanders has introduced legislation that would require the Pentagon to return a portion of its budget as a penalty for failing audits, but lawmakers from both parties have declined to consider the bill.

    Jake Johnson
    Nov 18, 2024

    The Pentagon announced late last week that it failed its seventh consecutive audit as the sprawling, profiteering-ridden department wasn't able to fully account for its trillions of dollars in assets.

    As with its past failures to achieve a clean audit, the U.S. Defense Department attempted to cast the 2024 results in a positive light, with the Pentagon's chief financial officer declaring in a statement that "momentum is on our side."

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    Peter Thiel

    Report Urges Congress to Tackle Venture Capitalists Peddling AI 'Miracle Weapons'

    "Neither taxpayers nor the Congress should buy the hype surrounding these new technologies without careful oversight and scrutiny."

    Jake Johnson
    Jun 03, 2024

    A new report released Monday sounds the alarm on the growing influence of profit-hungry venture capital firms that are promoting weapons systems powered by artificial intelligence, a rapidly emerging technology that experts and watchdogs warn could be an existential threat to humanity if not strongly and properly regulated.

    The report, published by the Quincy Institute for Responsible Statecraft, cautions that venture capital (VC) firms and their allies in Washington, D.C. are "determined to move full speed ahead on the development and deployment of weapons based on AI and other technological innovations, despite many unanswered questions about the costs and risks involved."

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    artificial intelligence
    robotic coffee machine

    Wages Are Down 4% in Rich Nations as 'AI Revolution' Looms: OECD

    Worker pay, already failing to keep pace with cost-of-living increases, is at risk of being further suppressed as artificial intelligence and other technologies threaten to automate 27% of existing jobs in wealthy countries.

    Kenny Stancil
    Jul 11, 2023

    As corporate profits soar, the real income of workers in 38 wealthy countries has fallen by an average of nearly 4% over the past year, and the situation could deteriorate further as artificial intelligence and other forms of technology threaten to automate 27% of existing jobs in the same nations.

    That's according to the Organization for Economic Cooperation and Development's (OECD) latest annual employment outlook, published Tuesday, which stresses the "urgent need to act."

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    Alarm as White House Says Trump Has Not Ruled Out Dropping Nuclear Weapon on Iran

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