Cuban and Stewart on the Future of AI and Ending Abusive Drug Prices

Until now, I haven’t been a instrumentality of billionaire businessperson Mark Cuban. I put him successful nan aforesaid group arsenic galore billionaires who prioritize getting moreover wealthier complete everything, including their families. However, based connected what I saw past week, I couldn’t person been much incorrect astir Mark Cuban.

Jon Stewart, who often does a amended occupation of interviewing than astir journalists, had Cuban arsenic a impermanent connected “The Daily Show.” One point Cuban mentioned was that he wasn’t chasing nan adjacent large powerfulness travel but was focused alternatively connected getting to cognize his kids and grandkids better. I wish much of nan folks successful his wealthiness people would travel to this determination arsenic it would use not only their families but nan world.

While Cuban and Stewart started connected politics, they moved connected to AI. I travel AI closely, and what they said astir it was dead-on correct: We request to execute a equilibrium betwixt pursuing this exertion responsibly and assuring that our foes will not amended create it and put nan full quality title astatine risk.

Let’s talk astir AI, past adjacent pinch my Product of nan Week: Mark Cuban’s medicine proviso institution that operates nether nan conception of “open and transparent,” an thought that has caught occurrence successful tech but stands against group being charged unreasonable prices for their medicines.

Cuban’s firm, Cost Plus Drugs, is afloat transparent and tin waste narcotics profitably for tens of dollars that different companies complaint thousands for. An illustration fixed was a supplier typically costing $30,000 per period that Cost Plus Drugs sells for $64.

Gen Z and AI

Like me, Stewart and Cuban are babe boomers. Also, for illustration me, it is clear to them that astir boomers will not only beryllium incapable to usage AI efficaciously but besides don’t understand it good capable to protect america from its misuse.

Mark based on that Generation Z, calved betwixt 1997 and 2012, would apt beryllium nan first procreation to afloat judge AI for its imaginable and beryllium champion capable to create effective guardrails astir its use. The youngest of that group is only 12 years aged now, while nan oldest is 27 and conscionable starting their careers.

Granted, consequent generations will besides person this ability, but they are, arsenic yet, excessively young to person an effect earlier nan dangers of AI are apt to overwhelm us. So, Generation Z should person nan understanding, ability, and timing to guarantee that AI helps nan quality title and doesn’t destruct it.

I wish them nan champion of luck because this will beryllium thing but easy. It was a tad depressing that he pointed retired that our property group went from “sex, drugs, and stone & rotation to Fox News,” which isn’t thing I want to beryllium remembered for, but that is, sadly, benignant of accurate.

We Can’t Just Shut Down AI

There was a immense push by immoderate tech leaders to “pause” AI development. I thought this effort was stupid because erstwhile you person a exertion that has nan imaginable to redefine nan world and nan quality of activity globally, fto unsocial redefine weapons by making them much deadly, location is nary powerfulness connected world that would beryllium beardown capable to extremity its development.

If you region AI improvement domestically, it will simply mean nan adjacent warfare you participate will beryllium your last, fixed that you wouldn’t past it. Similar to atomic weapons, you mightiness get promises to extremity development, but successful reality, it would proceed underground, and you’d ne'er genuinely extremity it.

Cuban was connected connection here, indicating it was captious for nan federation that we aggressively create AI, but besides indicating that alternatively than stopping it, nan effort should beryllium connected assuring nan responsible improvement and usage of nan exertion — thing that, again, boomers aren’t up to doing.

We Don’t Know Where AI Is Going

Cuban was besides correct successful noting that we person nary clear thought wherever generative AI is headed because it’s still truthful new. With nan presence of artificial wide intelligence (AGI), which could beryllium acold much powerful and cheaper to develop, this uncertainty is peculiarly dangerous. That’s why it’s important to person immoderate shape of monitoring and due safeguards successful place.

The bully news is that nan U.S. dominates this exertion for now, which is captious to defense and business. Cuban feels that it is simply a affirmative correct now, which I work together with, but it tin beryllium highly dangerous.

Stewart pointed retired that this exertion could harm labour pools, jobs, and moreover companies.

Cuban reiterated that nan correct folks to group up these guardrails are those who grew up pinch this exertion and should amended understand really to modulate nan dangers while not limiting innovation. If this is done incorrectly, we whitethorn look a problem we can’t mitigate, aliases different state whitethorn create 1 that we can’t counter.

Cuban praised nan Chips and Science Act arsenic a awesome first measurement but not a last measurement because it’s focused chiefly connected assuring nan U.S. could support manufacturing captious wide should a conflict result. Still, it doesn’t yet reside nan guardrail problem. He implied that nan existent legislature is under-skilled successful taking nan threat arsenic earnestly arsenic it should beryllium aliases knowing really to create a balanced attack truthful that nan remedy isn’t worse than nan problem.

Wrapping Up

If you get a chance to watch nan video of Stewart’s speech pinch Cuban, beryllium alert it starts pinch immoderate governmental opinion. The AI chat originates astir halfway done nan interview.

From this easy-to-understand commentary, you’ll study a spot astir wherever we are pinch AI and wherever we request to be. It balances nan committedness pinch nan consequence of AI and makes a decent lawsuit that we should negociate AI successful a measurement that doesn’t slow invention isolated from wherever it mightiness create unacceptable risks.

It besides raises nan specter of what mightiness hap if a dispute overseas authorities develops this exertion to do harm and loses power of it. One point neither Stewart nor Cuban afloat addressed was nan conception of an AI Shield and nan captious quality of having it successful spot earlier immoderate overseas aliases forbidden home entity creates thing that nary of our existing protect technologies tin take sides against.

Jon Stewart and Mark Cuban reinforced my belief that we are acold from fresh for nan coming AI wave. While it whitethorn beryllium mostly beneficial astatine first, we deficiency capable safeguards to guarantee it stays that way. I wish I had amended news.

Cost Plus Drugs

I don’t cognize astir you, but each clip I publication a communicative astir nan value of medicines worldwide, I get pissed. Much of nan improvement occurs successful nan U.S., wherever we besides salary nan highest prices for nan result, moreover though our taxes often subsidize nan improvement of nan related unaffordable drug.

People shouldn’t person to determine betwixt medication, food, aliases shelter. The costs of immoderate medicines is conscionable nuts. Cuban and his squad astatine Cost Plus Drugs made his pricing unfastened truthful you tin spot what they paid for nan drug, nan markup (15%), nan master complaint (generally nominal), and immoderate further costs down nan price.

Examples from nan Cost Plus Drugs website include:

• Imatinib: Retail Price $2,502.50 | $13.40 astatine Cost Plus Drugs
• Abiraterone Acetate: Retail Price $1,093.20 | $26.90 astatine Cost Plus Drugs
• Mesalamine: Retail Price $766.80 | $28.70 astatine Cost Plus Drugs

Be alert that these are generic alternatives for Gleevec, Zytiga, and Canasa. Do you really request to walk thousands other for a brand? A database of what Cost Plus Drugs provides tin beryllium found here.

Excessive profits and precocious supplier costs are sidesplitting group who can’t spend them. Cost Plus Drugs tin present narcotics astatine a fraction of nan costs of astir pharmacies, moreover Costco, which is 1 of nan astir affordable. Eliminating nan discarded and providing captious narcotics astatine acold much affordable prices would substantially effect nan value of life for those who can’t spend insurance. It would make wellness security little expensive, and for companies that salary for wellness coverage, it would trim their costs massively pinch nary identifiable downside.

Cost Plus Drugs is forcing different providers to rethink their prices aliases suffer revenue, which has a important downward effect connected wide supplier pricing. They are besides moving connected a task to afloat “open” each wellness attraction pricing truthful you can, for instance, take your infirmary based connected a competitory costs comparison that could prevention you hundreds of thousands of dollars successful overcharged wellness costs.

Getting medicine costs down to affordable levels is captious to our value of life. Since Cost Plus Drugs does that, it is my Product of nan Week. Mark Cuban conscionable became my caller tech hero.