6/14/2023 0 Comments Post haste post office hours"Our research shows 58 per cent of small businesses are still carrying pandemic debt, at an average of $105,000," the CFIB said. 31, 2022.ĬEBA isn't the only loan small businesses accessed during the pandemic. Ottawa already extended the deadline once, moving it to Dec. After the deadline, interest of five per cent will accrue on the unpaid CEBA amount. The maximum amount available under CEBA was $60,000, and up to 20 per cent will be forgiven if repaid on time. The CEBA program was started by Ottawa to help small businesses that lost revenue due to pandemic closures. Nonetheless, they "will be really struggling," the CFIB said in an email. Of those who said they will repay, a significant majority were doing so in order to claim the forgivable portion of the loan. Ten per cent of CFIB respondents said they had repaid their CEBA loans as of March, when the survey was conducted, and an additional 47 per cent said they expected to repay the government by the December 2023 deadline. "High interest rates, inflation and labour costs are all making it hard for small businesses to keep their head above water, let alone make any dent in the debt they were forced to take on to survive pandemic restrictions.” “Many small businesses are trying to repay their COVID-related debt, while facing an onslaught of additional challenges," said Dan Kelly, CFIB president. Seventy-eight per cent of respondents said their business would stand a better chance of surviving if they had more time to repay their COVID loans. The CFIB found that 72 per cent of the 5,996 members it surveyed wanted the repayment deadline for the Canada Emergency Business Account (CEBA) extended, with 30 per cent seeking a deferral of one year and 42 per cent calling for two years. The latest one, released May 10 by the Canadian Federation of Independent Business (CFIB), said that almost three-quarters of small business owners want an extension to the deadline to repay federal COVID loans, as the trials associated with the pandemic have turned into a difficult period of high inflation, labour shortages and slowing growth. Unanimous AI Responsible Metaverse Alliance XR Guild XRSI □ - Booth 948 Future of Life Institute (FLI) Metavethics Institute Avi Bar-Zeev Amy Peck Antony Vitillo Debbie Reynolds Marc Rotenberg Dr Catriona Wallace Gary Marcus Allie K.Mental health issues, working significantly more than the average employee and ongoing money troubles: Canada's entrepreneurs are suffering from all of these things, and there's no sign of the pressure letting up, according to a number of surveys. This is especially true as conversational interfaces proliferate computing. Ultimately, we need to protect against the use of AI to manipulate individual users in real-time. The key thing to know is that Generative AI is not just a method of creating traditional media at scale, it's actually a new form of media - a personalized, adaptive, and interactive form of media that is fundamentally dangerous. So, here is short presentation that attempts to make the risks of human manipulation as clear as possible. I've been writing about the AI Manipulation risk for years, and even wrote a "children's book for adults" called Arrival Mind on the topic three years ago in hope of getting the message out, but it's still rarely talked about in mainstream conversations of AI dangers. As expressed in the short video, there are familiar risks we can't ignore (risk to jobs, inaccurate output, creation of fake content at scale), but there is also a very new risk - a BIG risk- automated human manipulation. I'm sharing in hope it helps drive the conversation. This short presentation was created for at an event in DC last week to help regulators and policymakers understand the unique dangers of Generative AI, particularly the "AI Manipulation Problem."
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