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GM. Spring is here minus the weather, crypto is fighting a few day slump, and Trump may be causing the next GameStop.

☕ *knuckle cracks* ☕ Let’s get into it.

Today’s specials:

• No FOMO 🗿: AI Powered Government Surveillance is Here 

• No FOMO News 📰 : Truth Social Goes Public + More

• AI App of the Week 💻: AI Powered Therapy

AI brews beer and your big ideas

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AI Surveillance Has Arrived (Publicly)

As reported by the Guardian, the city of San Jose is using AI computer vision software to recognize and map homeless encampments. 

A single-camera equipped vehicle has been driving around the streets of San Jose since December, collecting images.

The images are then fed into the software to teach it to recognize “unwanted objects”.

These objects include potholes, illegally parked cars, and other more normal violations. Other cities are running similar programs, but San Jose is the first to involve homeless encampments. 

How they are doing it?

They are training the system to look for “proxy signs of habitation”, including trash outside of vehicles, covered windows, groups of tents, and more.

City documents are very clear that, “We’re not detecting folks. We’re detecting encampments.”

The program leader: “the city did not “capture or retain images of individuals” through the pilot.

What are they saying this information will be used for?

Local outreach workers were previously unaware of the program. They told the Guardian that they worry the tech will be used to punish and push out San Jose’s homeless.

The program’s leader upholds that “the data is intended for [the city’s housing and parks departments] to provide services”.

What happens in the near term

It seems like they are running this program relatively unsupervised and unregulated.

What happens when they start acting on insights that come from the surveillance system if there’s outlier incident like murder?

What if new leadership comes in and doesn’t share the same well-intentioned outlook?

Government surveillance is nothing new, but systematically training a program to single out certain identities is scary. 

If San Jose is successful in using this to help homelessness in their city, surely other west coast cities with rapidly growing homeless will adapt similar strategies. 

Long-term concerns

This program, while seemingly well-intentioned, raises significant ethical and privacy concerns that cannot be ignored.

If similar programs are adopted around the world, humans will become normalized to constant AI analysis of daily life. 

The biggest question we are asking is – why? 

Do we really need this? Are the benefits that significant? Are the benefits even clear at all?

Because the risks seem clear. If the wrong people (or a rogue robot) took control of a completely analyzed map of every single tendency and activity going on in a city, they could inflict never before seen harm. 

No Fomo News 📰

AI

• Apple, Google Gemini Talks Give DOJ an Opening to Regulate AI (Bloomberg)

• ChatGPT’s boss claims nuclear fusion is the answer to AI’s soaring energy needs (CNN)

• What our shopping haul taught us about the promise of AI (TheVerge)

Web3

• Ethereum and L2s on track to beat Bitcoin for active addresses (Blockworks)

• 5 dangers to beware when apeing into Solana memecoins (CT)

Tech

• Trump’s Truth Social is going public today. Experts warn $9 billion valuation defies logic (CNN)

• Fisker trading suspended by NYSE (TechCrunch)

• iPhone 16 Pro: New A18 Pro chip to offer powerful on-device AI performance (9to5)

• AI is a data problem. Now Cyera is raising up to $300M on a $1.5B valuation to secure it (TechCrunch)

AI App of the Week 💻

AI gets a lot of hype. But how does that help me?

This section is dedicated to No Fomo’s favorite AI tools.

We’ll try to fish for things that make your life easier. Or we’ll give honest, informative reviews of apps capturing Internet attention.

This Week’s App De Jour: Sonia

Sonia is an AI-powered therapist that provides emotional support and guidance, helping you overcome life's challenges anytime, anywhere.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.