Wednesday, July 12 — 3 significant news stories

North Korea's missile test, postponed global tax deal, and AI automation risks

Quick project update.

Several subscribers emailed me about some news in the newsletter being sketchy — in particular, yesterday’s article about the CCHF virus spreading in Europe. While there were no particular lies in it, the language was a bit sensationalist which led to ChatGPT giving it a high score.

To fix this, I’m increasing the weight of the “credibility” factor by 50%. We might miss out on some interesting articles from less-known sources, but the remaining articles should be more factual and trustworthy.

Back to the news.

Today ChatGPT read 1312 top news stories and gave 3 of them a significance score over 7.

[8.2] North Korea tests long-range missile — Reuters

North Korea conducted a missile test with its longest ever flight time. The missile flew for 74 minutes to an altitude of 6,000 km and range of 1,000 km. The launch came after heated complaints from North Korea in recent days, accusing American spy planes of violating airspace in its economic zones, condemning a recent visit to South Korea by an American nuclear-powered cruise missile submarine, and promising to take steps in reaction.

[8.0] Global tax deal aimed at multinational corporations postponed — Reuters

A global tax agreement designed to modernize tax rules and prevent large companies like Apple or Amazon from exploiting low-tax countries has been delayed until 2025. This agreement, backed by over 140 nations, also sets a worldwide minimum corporate tax rate of 15%. As a result of the delay, countries worldwide, excluding Canada, have agreed to postpone implementing their own digital services taxes for another year.

[8.0] OECD warns AI automation could threaten 27% of jobs in skilled sectors — The Guardian

The Organisation for Economic Co-operation and Development (OECD) has warned that major economies are on the brink of an AI revolution that could lead to job losses in skilled professions such as law, medicine, and finance. The OECD stated that highly skilled jobs, which represent about 27% of employment across its member countries, are at the highest risk of AI-driven automation. While AI has the potential to eliminate boring or dangerous tasks and create interesting ones, there is a concern that well-paid jobs requiring high-end education could suffer the most.

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