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Top stories today:

1. U.S., China, EU, UK, 25 other countries sign AI declaration
2. SBF trial: both sides deliver closing arguments
3. Fed keeps rates at 5.25% - 5.50%, hinting at no more hikes
4. Microsoft 365 Copilot launches for enterprise, min. 300 users
5. Israel advances on Gaza City as Hamas vows more attacks

0. Data and calendar

1. Bletchley Declaration: U.S., China, EU, UK, 25 other countries sign AI statement

• Declaration focused on doomer/frontier risk: “We resolve to support an internationally inclusive network of scientific research on frontier AI safety that encompasses and complements existing and new multilateral, plurilateral and bilateral collaboration.” - Bloomberg, Bletchley Declaration

• 2-day AI summit kicked off in the UK, with politicians, business leaders, and academics divided on whether to worry more about short-term (e.g., misinformation) or long-term (e.g., human extinction) risks. - Bloomberg

Gemini likely only coming in 2024, Google Deepmind CEO again suggests

After being asked whether Gemini would be out in 2024, Hassabis just said “eventually” and that it was still under training. - Bloomberg

2. SBF trial: both sides deliver closing arguments, with jury instructions expected today

A 20 to 30-year sentence is most expected by prediction markets:

• The prosecution’s main arguments:

  • Fraud on customers: Bankman-Fried started taking billions from FTX customers since at least 2021, when he bought Binance’s stake back for $2B.

  • Fraud on lenders: SBF ordered fake balance sheets to be produced for Alameda lenders.

  • General false statements: SBF made fraudulent statements in tweets, Congressional testimony, and many interviews.

• The defense’s counterpoints:

  • SBF was young and confused, overwhelmed by many responsibilities.

  • SBF acted in good faith, otherwise, why would he think of shutting down Alameda in mid-2022?

  • There was no conspiracy: even government witnesses said they learned about missing funds on different dates. - Coindesk on the prosecution, the defense

3. Longevity Escape Velocity Foundation: doing research to cure and prevent human age-related disease*

• LEV Foundation was co-founded by Dr. Aubrey de Grey, one of the early pioneers in the longevity field.

• Their 2 main projects are Robust Mouse Rejuvenation and Transplants on Demand.

• Your donation can literally save your life, or the life of your closed ones. - Donate to the LEV Foundation.

*Sponsored.

4. Fed keeps rates at 5.25% - 5.50%, hinting at no more rate hikes