The ethics watchdog for Norway’s US$830 billion sovereign wealth fund is taking the unusual step of warning companies against developing the next generation of weapons — robots that do not require human intervention to kill.
The world’s largest sovereign wealth fund, which invests the income from Norway’s oil industry, is so big that it owns 1.3 percent of the world’s listed company equity. It is required by law to restrict investments in companies on ethical grounds.
It is not allowed to invest in companies that make anti-personnel mines or nuclear weapons, and the head of its independent ethics panel, Johan Andresen, said it would now also be on the lookout for firms involved in development of autonomous weapons, even though the technology is not available yet.
Autonomous weapons select and fire on targets without human intervention. Although their development is in its infancy, some robotics and artificial intelligence researchers suggest it could be just a matter of years before they could be used.
“This is a statement of fair warning, a heads-up,” Andresen said. “If you think about developing technology for recognizing cancer, that is fine, but if you are adapting it to track down a certain type of individual in a certain environment, and cooperating with others to make an autonomous weapon out of it, don’t be surprised if we take a look at you.”
No companies were under examination, said Andresen, as there were none to look at, yet.
The Council on Ethics is an independent body that makes recommendations on companies that may be in breach of the fund’s ethical guidelines. Usually, there has to be a suspicion of a breach for the council to examine it.
It is looking at corruption in the defense, telecoms and energy industries, at workers’ rights in construction, textiles and electronics manufacturing and, beginning this year, at companies responsible for excessive climate change emissions.
Physicist Stephen Hawking, Tesla Motors Inc CEO Elon Musk and Apple Inc co-founder Steve Wozniak were among signatories to a letter penned by artificial intelligence and robotics researchers in July last year calling for a ban on autonomous weapons.
“Artificial intelligence technology has reached a point where the deployment of such systems is — practically if not legally — feasible within years, not decades,” the letter said.
In the US, the Pentagon in December last year said that it would request between US$12 billion and US$15 billion for early work on new technologies, including autonomous weapons.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,