Oil and currency bias shape our technologies

Oil and currency bias shape our technologies

Oil and currency bias shape our technologies
As AI evolves, it will reflect our biases, aspirations, and perhaps, our greatest follies. (Shutterstock image)
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In the bustling metropolis of Techville, where innovation never sleeps and ethics occasionally gets a caffeine boost, the latest debate has everyone buzzing. 

This time, it is not about the next killer app or the latest in wearable tech, but something far more profound and perplexing: Artificial intelligence and ethics. 

And at the heart of this conversation is the ever-eloquent John Bright, whose insights are as sharp as his tongue.

Bright, a figure known for his unfiltered views, recently opened a can of worms — or perhaps a barrel of oil — on the subject. 

“You tell me, you read this rubbish. Oil is the most traded commodity in the world. 1 billion barrels are traded each day in US dollars. You think anyone is ready to change that?” Bright declares with the certainty of a seasoned tech prophet.

“Total demand for oil each year is 100 million barrels, and daily oil traded in derivatives markets is 1 billion. There is no such currency to sustain these volumes.” 

Now, you might be wondering, what does all this have to do with AI and ethics? In Techville, everything is connected — sometimes by a mere line of code. 

The ethical dilemma arises when we consider the overwhelming bias and control exerted by such financial structures over global markets and technology.

Imagine, if you will, an AI developed in Techville. It is designed to predict market trends and make investments. This AI, despite its impressive algorithms, is inherently biased toward the US dollar because of the sheer volume of oil traded in that currency. 

Here lies the irony: A machine, devoid of emotions, inherits the biases of its creators and their economic realities. 

But this time maybe it is right.

Techville’s residents, always keen on a good debate, have taken this statement to heart. The underlying issue is simple yet profound: If oil trading remains firmly tied to the US dollar, can any other currency — or even cryptocurrency — hope to break this stranglehold? 

Bright’s dismissive view of alternative currencies adds fuel to the fire. “The euro? Not a strong currency. The yuan? Pegged to the US dollar. Cryptocurrency? There isn’t enough of it.”

All this enters into an irony that Socrates might have pondered. “Does an AI that mirrors human biases truly understand the nature of its decisions?”

Bright, ever the pragmatist, does not shy away from highlighting these biases. His point? Even the mightiest have vulnerabilities, and the structures we rely on are far more fragile than we care to admit.

Can we trust AI to make unbiased decisions when it operates within a system so skewed by economic realities?

Rafael Hernandez de Santiago

Philosophers have long mused about the ethical implications of our technological advancements. 

Plato, if he were around, might suggest that our AI systems are merely shadows on the cave wall, reflecting deeper truths about our society’s biases and dependencies. 

Nietzsche, ever the provocateur, might argue that our AI, like us, is bound by the power structures of its creators, forever echoing human flaws.

In Techville, these philosophical musings are not just academic exercises; they have real-world implications. The ethical dilemmas posed by AI are complex, especially when intertwined with the global oil market’s biases. 

Can we trust AI to make unbiased decisions when it operates within a system so skewed by economic realities?

The city’s thinkers are deeply divided on this issue. Some argue that as long as the world remains tethered to oil and the US dollar, any AI we develop will be inherently flawed.

Others hold out hope that AI can transcend these biases, offering a glimpse of a more objective and fair system. It is a debate reminiscent of Descartes’ quest for certainty in a world of doubt.

Bright, with his characteristic wit, brings us back to earth.

“X is not doing great, collapsed real estate, collapsed financial and banking sector, low birth rate and declining population. Their stock market collapsed, etc. And they’re being attacked everywhere with their exports of electric vehicles and raising tariffs.”

So, where does this leave Techville’s AI ethics debate? In a state of perpetual irony, humor, and serious contemplation. The city’s brightest minds continue to grapple with these questions, knowing that the answers are as elusive as ever.

In a world where power dynamics and economic dependencies shape our technologies, the quest for ethical AI remains a journey more than a destination.

Bright, with his razor-sharp insights, ensures that the conversation stays both lively and grounded. He will undoubtedly remain at the forefront, reminding us all that while technology may advance, the ethical dilemmas it poses are as old as humanity itself.

As AI evolves, it will reflect our biases, aspirations, and perhaps, our greatest follies.

In Techville, where the future is always just a line of code away, the debate rages on, a testament to humanity’s enduring struggle to reconcile innovation with ethics.

Rafael Hernandez de Santiago, viscount of Espes, is a Spanish national residing in and working at the Gulf Research Center.

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Italy ministers accused over release of Libyan official

Italy ministers accused over release of Libyan official
Updated 4 min 51 sec ago

Italy ministers accused over release of Libyan official

Italy ministers accused over release of Libyan official
  • Najim, head of Libya’s judicial police, was arrested in the northern Italian city of Turin on January 19 on an ICC warrant, only to be released by Rome’s Court of Appeal two days later and immediately flown to Tripoli on an Italian air force plane

ROME: Judges have requested permission from Italy’s parliament to bring proceedings against two government ministers over the release of a Libyan wanted by the International Criminal Court (ICC), reports said Wednesday.
Justice Minister Carlo Nordio is accused of failing to perform his official duties and also, alongside Interior Minister Matteo Piantedosi, of aiding and abetting Osama Almasri Najim’s return to Libya.
Najim, head of Libya’s judicial police, was arrested in the northern Italian city of Turin on January 19 on an ICC warrant, only to be released by Rome’s Court of Appeal two days later and immediately flown to Tripoli on an Italian air force plane.
He is accused of charges including murder, rape and torture relating to his management of Tripoli’s Mitiga detention center, and his release sparked a major political row in Italy.
Allegations that Meloni and her ministers acted improperly have been under consideration by a special court that deals with ministerial cases.
Meloni revealed on Monday she had been cleared of any wrongdoing.
But the court has now requested permission from parliament’s Chamber of Deputies to bring a case against her ministers — although this will almost certainly be denied, as Meloni’s coalition government has a majority.
According to Italian news agencies, Nordio is accused of failing to comply with ICC requests over the arrest of Najim, and effectively standing by when he could have intervened to keep the Libyan in prison.
Piantedosi and under-secretary Alfredo Mantovano, who is responsible for the intelligence service, are both also accused of aiding and abetting Najim’s release, and also of complicit embezzlement.
Piantedosi ordered the Libyan’s expulsion from Italy and Mantovano ordered the use of a state plane to send him home, despite, like Nordio, being fully aware of the requests for cooperation from the ICC, according to the court.
Meloni on Monday said the judges had cleared her, making what she called the “absurd” conclusion that she was not informed about the decisions on Najim.
She defended the government’s actions, saying they were entirely focused on “protecting the safety of Italians.”
Nordio has previously said the ICC warrant was badly drafted, while Piantedosi claimed that once Najim had been released from prison he was too dangerous to remain in Italy.
Piantedosi also denied allegations by some opposition politicians that the suspect was sent home to avoid jeopardizing relations with Libya.


Pakistan partners with DP World to open zero-cost export mart in Dubai

Pakistan partners with DP World to open zero-cost export mart in Dubai
Updated 23 min 1 sec ago

Pakistan partners with DP World to open zero-cost export mart in Dubai

Pakistan partners with DP World to open zero-cost export mart in Dubai
  • Pakistan Mart will be established at Jebel Ali with comprehensive backing from DP World
  • Jam Kamal says exporters will not be charged taxes at the facility until products are sold

ISLAMABAD: The government will establish Pakistan Mart, a commercial hub near Jebel Ali in the United Arab Emirates, to showcase made in Pakistan products to global buyers, the commerce ministry said on Wednesday, adding that DP World will build the facility at no construction cost to Pakistani stakeholders.

The development comes as Pakistan pushes for export-led growth after stabilizing its crisis-hit economy with assistance from the International Monetary Fund and financial support from friendly nations. The Gulf region, particularly the UAE, offers critical advantages such as proximity, low freight costs and established Pakistani trade networks, making it a natural launchpad for this initiative.

Pakistan Mart is expected to significantly support the exporters of the South Asian state by improving visibility, reducing logistical barriers and allowing direct market access in the region. The mart will also facilitate digital trade and is aimed at helping sectors like textiles, garments, surgical instruments, food, perishables and nutraceuticals.

“When this facility will be established, more than 500 Pakistani retailers, shopkeepers and those who are going to use the warehousing facility will get a window, a platform,” Commerce Minister Jam Kamal Khan said.

“They will showcase their products for Dubai market, UAE market and Gulf market. They will be able to export their products in other regions as well.”

“The good thing about this project is that unless you sell the product, there will be no tax or fees imposed on you,” he continued, adding “there is a minimum rental for it.”

According to the statement issued by the ministry, the project was presented to the commerce minister by a delegation comprising officials from Pakistan’s National Logistics Cell (NLC) and DP World, led by NLC’s director general.

Kamal described the project as “transformational” for Pakistani trade and directed all relevant agencies, including the Trade Development Authority of Pakistan (TDAP), to urgently coordinate with stakeholders and facilitate export-ready enterprises for tenancy at the new facility.

The delegation urged the ministry to take a lead role in tenant selection, awareness campaigns and ensuring that exporters are equipped to capitalize on the opportunity.

Pakistan Mart is expected to become a strategic platform for export diversification and economic diplomacy, reinforcing Pakistan’s presence in key international markets.

It is also expected to attract more Africans buyers to the Pakistani products.


Kim Kardashian’s Skims to launch first store in the UAE

Kim Kardashian’s Skims to launch first store in the UAE
Updated 34 min 9 sec ago

Kim Kardashian’s Skims to launch first store in the UAE

Kim Kardashian’s Skims to launch first store in the UAE

DUBAI: Reality star-turned-entrepreneur Kim Kardashian’s shapewear and loungewear brand Skims is set to make its brick-and-mortar debut in the UAE, with its first physical store opening at Mall of the Emirates in Dubai.

The launch date has not yet been announced.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Founded in 2019, Skims quickly rose to prominence for its inclusive approach to shapewear, offering a wide range of skin tones and sizes. The brand has since expanded into loungewear, activewear and swimwear.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The brand’s success has been bolstered by a roster of celebrity supporters, including Kendall Jenner, Hailey Bieber, SZA, Sabrina Carpenter and even the brand’s co-founder Kardashian herself, who regularly appears in the campaigns.

Skims has also released high-profile collaborations, including a Barbie-themed collection and limited-edition capsule lines with fashion houses Fendi and Dolce & Gabbana.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The brand was available in the region exclusively through Ounass, the UAE-based luxury e-commerce platform operated by the Al Tayer Group. Known for bringing high-end international labels like Harvey Nichols, Bloomingdale’s, Prada, and more to the Gulf, Al Tayer was also responsible for introducing Skims to the Middle East in December 2020.

Kardashian recently unveiled a new product under Skims — the Seamless Sculpt Face Wrap — a shapewear-style mask for the face that has stirred debate online.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Retailing for $48 and “infused with collagen yarns,” the product sold out within 24 hours, driven by customers hoping to achieve a more sculpted jawline, as advertised.

While some have praised the product as a non-invasive and innovative approach to contouring, others have criticized Skims for promoting unrealistic beauty standards and contributing to body image insecurities.

One user on X wrote: “Can’t believe people are actually buying this Skims face snatching wrap,” while another commented: “Not sure how this would change your jaw or face shape at all … Recessive chin or jaw is real and can be fixed, but not with a wrap.”

Still, some users expressed enthusiasm about the release. “I don’t particularly like Kim K and I’ve never bought anything from Skims but low-key kind of want the face wrap..it looks like it would cure my tmj (Temporomandibular disorder),” one comment read.


Israel army chief will have to ‘execute’ govt decisions on Gaza: defense minister

Israel army chief will have to ‘execute’ govt decisions on Gaza: defense minister
Updated 34 min 30 sec ago

Israel army chief will have to ‘execute’ govt decisions on Gaza: defense minister

Israel army chief will have to ‘execute’ govt decisions on Gaza: defense minister
  • Israeli media reported that Netanyahu would gather his security cabinet on Thursday to make a final decision on next steps in the war in the Palestinian territory

JERUSALEM: Israeli Defense Minister Israel Katz said Wednesday that army Chief of Staff Eyal Zamir could “express his views,” but that the military would ultimately have to “execute” any government decisions on Gaza.
Katz’s statement on X came after reports in the Israeli media in recent days suggested that Zamir is opposed to a government plan to fully occupy the Gaza Strip.
“It is the right and duty of the Chief of Staff to express his position in the appropriate forums, and after decisions are made by the political echelon, the (army) will execute them with determination and professionalism... until the war’s objectives are achieved,” Katz wrote.
“As the defense minister responsible for the (army) on behalf of the government, I must ensure that these decisions are carried out — and so it will be,” he added.
“Hamas’s refusal to release the hostages requires making additional decisions regarding how to advance the war’s objectives: eliminating Hamas while creating the conditions for the release of the hostages.”
Chief of Staff Zamir has made no public statements on the matter but reportedly expressed his opposition to a full military occupation of Gaza during a restricted meeting between Prime Minister Benjamin Netanyahu and security chiefs on Tuesday.
According to public broadcaster Kan 11, Zamir warned such an occupation would be a “trap.”
Israeli media reported that Netanyahu would gather his security cabinet on Thursday to make a final decision on next steps in the war in the Palestinian territory.
The same media predicted that the army would expand operations in the whole of Gaza’s territory, including in heavily populated areas where hostages are believed to be held.


Nadine Labaki among stars to headline Abu Dhabi congress on Arabic creativity

Nadine Labaki among stars to headline Abu Dhabi congress on Arabic creativity
Updated 44 min 29 sec ago

Nadine Labaki among stars to headline Abu Dhabi congress on Arabic creativity

Nadine Labaki among stars to headline Abu Dhabi congress on Arabic creativity

DUBAI: Acclaimed Arab stars including Lebanese actress and director Nadine Labaki, Tunisian Egyptian actress Hend Sabry and Jordanian director and actress Tima Shomali will headline the upcoming Congress of Arabic & Creative Industries in Abu Dhabi from Sept. 14 to 15.

The two-day event, organized by the Abu Dhabi Arabic Language Centre, aims to explore the evolving role of the language in the region’s fast-growing creative economy. It brings together cultural leaders, global tech voices and rising regional talent.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

The celebrity trio will lead a panel titled “Her Narratives: Women Reimagining Arabic Creativity,” which highlights the impact of Arab women in reshaping storytelling across film, literature, media and digital platforms.

Labaki is best known for her Oscar-nominated film “Capernaum,” Sabry for her award-winning roles in Arabic cinema and Netflix’s “Finding Ola,” and Shomali for co-creating and starring in the Netflix series “AlRawabi School for Girls.”

The session will focus on their personal experiences, creative approaches and the challenges they have overcome while influencing Arabic cultural expression.

Hend Sabry is famous for her award-winning roles in Arabic cinema and Netflix’s “Finding Ola.” (Instagram)

Other highlights include “Whose Story Is It?”— a conversation on originality versus adaptation in Arabic television featuring Egyptian screenwriter Mariam Naoum, Syrian author and poet Rami Koussa and OSN executive Rolla Karam.

The session will examine how localized remakes and original content shape identity and creative ownership in an increasingly globalized market.

The congress also brings together major players in technology and media, with partners including Google, AWS, TikTok, Adobe and Sard Writers’ Room.

The agenda spans themes including artificial intelligence, digital publishing, and the business of creativity through a series of curated panels and industry conversations.

In “Creators, Capital, and Control,” executives from Snap, TikTok and Meta will discuss power dynamics in today’s content economy.

Also, “Arabic Language Crisis and the Coming Shift” will examine the tension between Modern Standard Arabic and regional dialects. Panelists include Dr. Ali bin Tamim, chairman of the Abu Dhabi Arabic Language Centre, and language expert Dr. Hanada Taha Thomure.