FT News Briefing ChatGPT generates US investigation
Jul 14, 2023
The UK is strengthening its ties with Saudi Arabia by inviting Crown Prince Mohammed bin Salman for a visit. Meanwhile, US regulators are scrutinizing the company behind ChatGPT over AI risks. In China, youth are facing a staggering unemployment rate of 20.8%, with many graduates struggling to find decent jobs. The discussion also dives into the challenges leaders will face as they prepare for the upcoming climate talks, highlighting the importance of effective communication and proactive strategies.
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China's Youth Unemployment Crisis
- China's youth unemployment rate hit a record 20.8%, impacting graduates entering a lukewarm economy.
- Many graduates are settling for low-paying jobs with long hours, disappointing parents who invested heavily in their education.
Chengdu Graduate's Underemployment
- A Chengdu graduate found a job paying 3,000 renminbi, less than the 5,000 renminbi average urban wage.
- Her father, a construction worker, earns double her salary, highlighting the gap between expectations and reality.
FTC Investigates OpenAI
- The FTC is investigating OpenAI, the creator of ChatGPT, for potential harm caused by AI chatbots.
- The investigation focuses on the generation of false information and deceptive privacy practices.