N1BOS — broadcast
20261004 160000 UTC
364 transcript segments
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[00:02:04] what's true. Anthropic: one of Robots are sprinting down racetracks in China, one of the
[00:02:07] world's biggest AI companies is cutting apart
[00:02:10] books by the thousands, and Mark Zuckerberg says the
[00:02:13] future belongs to personal superintelligence, from humanoid
[00:02:17] robots to AI training data and Silicon Valley's latest
[00:02:22] promises. What do these stories mean for users? Let's get into it.
[00:02:26] Robots that perform martial arts. Robots, the place.
[00:02:30] soccer and now, robot that allegedly beat Usain
[00:02:33] Bolt's 100 meter record. Is this a
[00:02:36] glimpse of what's coming to our homes and factories? Or a clever
[00:02:40] PR stunt, because that's what some experts call the World Humanoid robot
[00:02:44] games, a massive PR campaign for the Chinese
[00:02:47] robotics industry. Will physical AI really change our
[00:02:50] lives? And what does China's push for humanoid robots mean for
[00:02:54] you? Take this guy for example. The
[00:02:58] robot covered 100 m. 9.39 seconds and
[00:03:02] later improved to 8.86.
[00:03:04] Is this a marketing ploy or a technological
[00:03:07] breakthrough? In short, it's both. To
[00:03:10] move at the speed, the robot needs the right materials, sensors and
[00:03:14] software that can help it adjust its balance in
[00:03:16] milliseconds. Making two-liked machine move fast
[00:03:20] without damaging its joints is a challenge, and by the way, the crash
[00:03:24] at the end of the race isn't necessarily a bad thing for
[00:03:27] developers. Some of the things. that we humans
[00:03:30] think super easy, like walking, stopping,
[00:03:34] just standing is very complex
[00:03:37] task. testing these under these conditions, um,
[00:03:41] every failure is data. running fast
[00:03:44] shows mechanical capability, but it's not a
[00:03:47] matter of autonomous decision making. this was
[00:03:50] required at other less flashy, but more demanding
[00:03:53] competitions at the world humanoid robot games. robots were
[00:03:56] given problem solving tasks that required autonom. decision
[00:04:00] making, helping them via teleoperation was allowed in some
[00:04:04] cases, but penalized, so robots can be
[00:04:07] somewhat smart and fast. does that mean they could do our
[00:04:11] chores soon? watching videos like these, you might think
[00:04:14] household robots are already working in people's homes, but shipping
[00:04:18] robots is one thing, what they can actually do is another.
[00:04:21] in testing environments, robots might succeed and ironing clothes,
[00:04:25] folding laundry or doing the dishes. everyday
[00:04:28] homes are more complicated. Our homes aren't
[00:04:31] standardized. It's extremely difficult for
[00:04:34] humanoid sensors to understand everyday household
[00:04:37] chaos. For now, the idea of humanoid robot walking
[00:04:41] into your home and cleaning it from top to bottom without any
[00:04:44] assistance, remains science fiction.
[00:04:47] People think that maybe we can just put LLMs on robots and suddenly
[00:04:51] they'll be intelligent, but the LLMs are not
[00:04:54] really intelligent in the sense that they don't understand the
[00:04:58] physical world and the... don't understand consequences of
[00:05:01] action. One of the biggest technical challenges is
[00:05:04] touch or tactile sensing. Robots have
[00:05:07] touch and force sensors, but they still cannot
[00:05:10] match the sensitivity of human. touch: Wang Shing
[00:05:14] Shing, CEO of Chinese company Unitri, recently
[00:05:17] admitted that humanoid robots could still need up to 10
[00:05:21] years before they have a real breakthrough. Okay, but
[00:05:24] what about humanoids in the workplace? Will they take our
[00:05:27] manual jobs? Companies are already testing
[00:05:31] humanoid robots in factories, warehouses and dangerous work
[00:05:35] environments. They bring one massive advantage from the
[00:05:38] employer's perspective: they're built to work in spaces designed for human.
[00:05:43] that could mean fewer changes to factories and
[00:05:45] equipment, but here's the good news for workers: the World
[00:05:49] Economic Forum expects robot technology to create
[00:05:53] more jobs than it will replace. while humanoid robots maybe
[00:05:56] stealing the spotlight, the bigger threat to the way we work
[00:06:00] today is actually software AI. yet, the
[00:06:03] rapid progress in robotics raises another important
[00:06:06] question: what does it mean when the world's robots come from
[00:06:09] China? China doesn't only have the flash... robots at the moment,
[00:06:13] it's also the global leader in mass producing them. In
[00:06:17] 2025, Chinese made humanoid robots accounted for
[00:06:20] around 85% globally. There's a new tech race
[00:06:24] taking shape. The US is moving to restrict and ban imports of Chinese
[00:06:28] autonomous humanoids, largely over security concerns. Other
[00:06:32] countries are watching closely too. These robots
[00:06:35] collect and process large amounts of data about the
[00:06:39] people and places around them. That raises privacy.
[00:06:43] and national security concerns. The bottom
[00:06:45] line, we likely won't see a Chinese robot invasion in our living
[00:06:49] rooms anytime soon, but physical AI could still transform the
[00:06:53] workplace, and that's something none of us can afford to
[00:06:56] ignore.
[00:06:59] Are AI companies really destroying antique
[00:07:02] books? AI companies are burning books, burning the books. Big
[00:07:06] AI is literally lighting our books on fire. You've probably seen videos
[00:07:10] like these on social media. but it's not that simple. Here's
[00:07:16] the biggest AI companies in the world ran secret
[00:07:20] project, their own internal documents state an effort
[00:07:23] to destructively scan all the books in the world, and they don't want
[00:07:27] anyone to know about it. The optics aren't
[00:07:30] great, but are they really destroying unique
[00:07:35] closer look at what's actually happening. First question,
[00:07:38] why? AI models like chat chipt or claud learned from
[00:07:42] huge amounts of text. For years, companies just
[00:07:46] scraped the internet for training data. They took everything they
[00:07:49] could find, but even the internet is finite. By
[00:07:53] now, there's not much fresh, high quality text left to
[00:07:57] feed these models, plus, more and more of the internet is
[00:08:01] now being written by AI itself. And when an AI
[00:08:04] trains on AI generated content, quality
[00:08:07] drops fast. Researchers call it model
[00:08:10] collapse. Think of it like, photocying a photocopy of
[00:08:14] a photocopy, it gets worse every time, that's where
[00:08:18] books matter, specifically older ones written long before
[00:08:21] the AI era, they're curated, reviewed, structured,
[00:08:25] and arguably, the highest quality training data left on the
[00:08:29] planet. in recent months, booksellers, researchers and
[00:08:32] distributors began noticing large scale purchases of
[00:08:35] physical books, like this antiquarian book shop in
[00:08:38] Berlin. we were getting orders worth over €100.
[00:08:42] from this company almost every day, and some of them would
[00:08:46] come in at 4:30, 5, 5:30, so they
[00:08:49] weren't bundled together, which suggests these had to be
[00:08:52] automated orders. There's one more reason why
[00:08:56] Anthropic is buying physical books. Recently, they agreed
[00:08:59] to huge 1.5 billion dollar
[00:09:03] settlement in a copyright case. A group of authors had sued the company for
[00:09:06] training their AI models on their texts and here's the interesting part: the
[00:09:10] court found that training AI on books is not illegal,
[00:09:14] but downloading pirated copies and storing them is,
[00:09:18] so now anthropic is paying for the hard copies, and in this case
[00:09:22] it was ruled that buying books, digitizing them and destroying physical
[00:09:26] copies is legal under US law, it's only changing the
[00:09:30] format. are they actually destroying rare unique
[00:09:33] books that will now be lost forever? in short? so
[00:09:37] far, there's no evidence of it. anthropic mostly looks for out
[00:09:40] of print, technical or
[00:09:55] to this day, meaning they're not freely available online or not available on the internet at all, and it was mainly
[00:09:59] non-fiction and specialist books, so specific
[00:10:02] subjects with a high information density and academic
[00:10:06] style of language, the reality, most used
[00:10:09] books aren't rare, they exist in thousand. of identical
[00:10:13] copies. Nevertheless, Henwack stopped selling the books when they
[00:10:17] realized what they were being used for, because they wanted to sell books for
[00:10:20] humans to read. Other booksellers are happy they get to sell stacks of
[00:10:24] old. books that have been sitting in their warehouses for years, but
[00:10:28] critics worry AI companies won't stop at mass produced books
[00:10:31] and will come for the rare ones
[00:10:33] next.
[00:10:36] Mark Zuckerberg recently dropped Meta's version for the future of
[00:10:39] AI, a personal super intelligence designed to help all of
[00:10:43] us reach our goals. He also warns against concentrating
[00:10:46] AI power in the hands of few. has Zuckerberg suddenly
[00:10:50] become a tech humanitarian? don't be fooled. behind his
[00:10:53] massive 6,000 500 Word Manifesto is much
[00:10:57] bigger strategy, a high-stakes battle for influence,
[00:11:00] data and money. Here's what's really going on. Let's first take a
[00:11:04] look at the huge promises he's making. Zuckerberg argues that
[00:11:08] individual empowerment must be at the center of AI
[00:11:12] development, and according to him, there's a lot in store for the average
[00:11:16] user. In his vision, we will all have super capable
[00:11:19] personal AI agents that work for us 24/7. We'll
[00:11:23] have incredible. tools to get creative and powerful tools to
[00:11:27] bring our business ideas to life, plus we will be able to learn
[00:11:31] anything we want and can all contribute to scientific
[00:11:34] progress, and the best part, according to Zuckerberg's vision, all of that should
[00:11:38] be free, or at least affordable for billions of
[00:11:41] people. Sounds great, right, but some tech journalists
[00:11:44] and experts view the whole thing as a clumsy attempt to make
[00:11:48] AI more appealing. Fact is, global public trust
[00:11:52] and AI is low. According to a recent users
[00:11:55] are generally more afraid of AI's potential dangers than
[00:11:59] they are excited by the possibilities it might bring. there is
[00:12:02] another hidden message in the manifesto. Zuckerberg
[00:12:06] wants to position Meta as the good guy in the AI race.
[00:12:10] Look at how companies like Open AI and Anthropic market
[00:12:13] themselves. They warn that AI agents could go rogue or
[00:12:17] cybersecurity is in danger. Then they offer to
[00:12:20] sell us tools designed to help manage those risks.
[00:12:23] Zuckerberg basically calls a south. as fear mongering, designed to
[00:12:26] trap corporate and private users into expensive paid
[00:12:30] subscriptions. And that's where Meta's strategy comes into focus. Unlike
[00:12:34] many of its AI rivals, Meta doesn't depend primarily
[00:12:38] on selling AI subscriptions. It's main business driver is
[00:12:41] still advertising. That means Meta can afford to offer
[00:12:45] powerful AI tools for free, or a much
[00:12:49] lower price than competitors. And if users don't have to pay a monthly
[00:12:52] fee, companies that rely on subscription. could feel the
[00:12:55] pressure, but Zuckerberg doesn't stop there, he even wants to make Meta's
[00:12:59] AI products open source or
[00:13:03] open weight. Let's sum up both as open
[00:13:06] AI for now though. According to Zuckerberg, this is the best way to
[00:13:10] help protect individual freedom. His sales
[00:13:13] pitch is simple: if I let people look inside my software,
[00:13:17] they'll trust me far more than closed labs like open AI
[00:13:20] and anthropic. To be fair, Meta already offers a range of open
[00:13:24] AI tools, the best known being the large language model
[00:13:27] Lama. But there's a geopolitical angle here as well: more
[00:13:31] and more powerful AI models are emerging from China, and
[00:13:34] Zuckerberg makes it clear that he sees that as a strategic
[00:13:38] challenge. In a chapter titled protecting freedom and preventing
[00:13:42] government turiny, Zuckerberg warns that if western regulators
[00:13:45] clamp down on Open AI models, autocratic
[00:13:48] regimes will win the global AI race. Critics see it
[00:13:52] differently. They argue meta is trying to protect. its business model,
[00:13:56] giving away AI technology widely, building massive
[00:14:00] adoption, weakening rivals that rely on keeping their most powerful
[00:14:03] models behind a paywall, and keeping regulators at
[00:14:07] arms length. In summary, Zuckerberg really
[00:14:10] wants everyone to trust him, users, governments,
[00:14:14] investors, and especially AI
[00:14:17] regulators, but to many, his AI utopia feels
[00:14:20] implausible and self-interested. Let us know what
[00:14:23] you think. See you!
[00:21:56] Hello from Sarajevo, follow Forts magazine, I am Amila Keserović
[00:22:00] Polić, watch tonight's show. Starlink arrives in Bosnia and
[00:22:04] Herzegovina, how much will it cost and
[00:22:07] who will benefit the most.
[00:22:10] Between the Middle East and energy transition, what is the fate
[00:22:14] of the global oil market, guest of Forbes magazine Adim
[00:22:17] Širović.
[00:22:20] While global profits fall to 23 billion, Air
[00:22:23] France fights pessimistic forecasts with
[00:22:26] luxury.
[00:22:29] SpaceX satellite internet service will be available in Bosnia
[00:22:33] and Herzegovina in a few days or at the latest a few
[00:22:36] weeks. As explained by the Minister of Communications and
[00:22:40] Transport of Bosnia and Herzegovina Edin Forto after the meeting with
[00:22:43] the Director for Global Licensing and Market Activation
[00:22:47] of Starlink, Rebecca Slick Hunter. The service
[00:22:50] of high-speed broadband internet will be available throughout
[00:22:54] the territory of Bosnia and Herzegovina. He added that
[00:22:57] there are opportunities for cooperation with Starlink in connecting schools
[00:23:01] and enabling broadband internet access where
[00:23:04] existing infrastructure is not yet available. Slick Hunter
[00:23:08] emphasized that details about the service itself, including
[00:23:12] prices, will be known in the coming days. It will be available throughout
[00:23:15] the area and it will be up to the citizens to decide what they
[00:23:19] want from it. She said that as Nedžad Pirić,
[00:23:22] a digitalization expert, explained for Forbes Bosnia and
[00:23:26] Herzegovina, the arrival of Starlink in Bosnia and Herzegovina is one of the
[00:23:29] most significant changes in the development of digital infrastructure in the last
[00:23:32] 10 years. He notes that Starlink should not be viewed
[00:23:36] as competition to telecom operators, because fiber optic
[00:23:39] infrastructure still offers greater capacities at a lower
[00:23:42] price. Its greatest value is precisely where quality internet
[00:23:46] does not exist today or is very limited, he says.
[00:23:50] Pirić. When it comes to price, the total cost, he states, has
[00:23:53] two components: terminal and subscription. In Croatia, the one-time
[00:23:57] purchase of a terminal costs 349 euros,
[00:24:00] monthly subscription for basic packages ranges from 29
[00:24:04] to 45 euros. While in Slovenia residential
[00:24:08] packages are in a similar range. For an average household in Bosnia and
[00:24:12] Herzegovina, the math is very exact, he says, for both
[00:24:15] models. If the terminal is purchased once, the price is approximately
[00:24:19] 680.5 convertible marks with a subscription of
[00:24:22] approximately 78 convertible marks
[00:24:25] per month. Read more about this topic on our portal
[00:24:28] forbsbih.com.
[00:24:32] Oil is still at the center of world economic geopolitics. With
[00:24:36] a barrel reaching around 104 dollars, even
[00:24:39] 36 dollars more than a year ago, and the crisis in the Middle
[00:24:43] East, global energy is undergoing a historical
[00:24:46] transformation, while Europe seeks alternatives.
[00:24:50] To Russian energy sources, and the USA and China take the lead in exporting
[00:24:53] gas and renewable sources, key questions arise.
[00:24:57] What will be the further movements of oil prices and how ready is the world
[00:25:01] for these challenges. We discuss all this in the following with Adim
[00:25:05] Imširović, one of the leading world experts in oil markets
[00:25:08] and energy economics, lecturer at Oxford University,
[00:25:11] former global director for oil at Gazprom Marketing
[00:25:15] and Trading, with over 35 years of experience in
[00:25:18] this sector.
[00:25:21] Good day, Mr. Imširović, welcome to Forbes
[00:25:23] magazine. Good day, it's good to be
[00:25:26] here. Well, the price of oil reached this
[00:25:30] month, and these are yesterday's data, a price of 104
[00:25:34] dollars per barrel, precisely 104.67
[00:25:37] dollars, which is about 36 dollars more than
[00:25:41] last year. You have more than 30 years of experience working in
[00:25:44] the energy sector in oil trading, among other things, in the position
[00:25:48] of global director for oil. in Gazprom
[00:25:51] marketing and trading, what can you
[00:25:54] say from your long experience, is there really a physical
[00:25:58] shortage of oil on the market or
[00:26:01] has the price been raised so much by fear of
[00:26:05] the continuation and spread of the war and speculation on the
[00:26:07] exchanges? Well, oil prices
[00:26:11] are, first let me tell you one thing, everyone quotes these
[00:26:14] prices, say 104, 105 dollars, that's the price we see on
[00:26:18] the screen, which is mostly so-called
[00:26:20] futures, i.e. future markets, however, if
[00:26:24] you are a buyer or we look at
[00:26:28] a large buyer, which is a refinery, the situation is
[00:26:31] quite different. i.e. oil is much
[00:26:34] more expensive 104-5 dollars per barrel add to that
[00:26:38] the physical premium for physical oil which is
[00:26:41] for brand currently some a brand is an international
[00:26:45] international price of oil i.e.
[00:26:48] benchmark is somewhere 16 17 dollars higher than
[00:26:51] that then you have the so-called quality premium
[00:26:55] on top of that then you have a huge
[00:26:58] transport price which is now I think.
[00:27:02] we can go into technical details a bit, but it has gone up terribly, about four or five times, meaning
[00:27:06] 400, 500%, when you add all that, in essence
[00:27:10] an average refinery in Europe buys oil at perhaps
[00:27:13] almost 150 dollars per barrel, which is very, very
[00:27:17] high in addition, we started
[00:27:20] talking about the overall situation, the situation
[00:27:24] is very difficult for diesel, because
[00:27:27] most of the diesel comes, i.e.
[00:27:30] 2/3 of European diesel comes either from
[00:27:33] the Middle East or it used to come from
[00:27:36] Russia, we don't have that now
[00:27:40] and most comes either from West Africa
[00:27:44] or mainly from the United States of America, so the
[00:27:47] situation is quite difficult, and the price
[00:27:50] of oil actually has enough, uh,
[00:27:54] but the price reflects that
[00:27:58] uncertainty, about possibly
[00:28:01] a possible halt
[00:28:04] of diesel exports for a certain period, because diesel
[00:28:07] prices in America are extremely high, 6.5 dollars per
[00:28:11] gallon, which is an outrageously high price just at the time
[00:28:15] when agricultural production needs tractors and all
[00:28:19] other machinery to use diesel, so all of that will
[00:28:22] affect inflation, macroeconomic factors,
[00:28:26] so there is a lot, I have expanded on this a bit, but there
[00:28:30] is a lot of panic about these high oil
[00:28:33] prices, either the price of crude oil
[00:28:37] has exceeded one hundred dollars per barrel, or it is slightly
[00:28:41] below one hundred dollars per barrel, it seems as if
[00:28:44] the world is entering a new normality, let's say, as if we
[00:28:48] have gotten used to all these fluctuations on
[00:28:52] the energy market, you said that perfectly, precisely
[00:28:56] that normalization is very interesting, namely what is
[00:28:59] happening, the problem is not in oil production. transport pipelines, we have
[00:29:03] that bottleneck, one is open now, meaning Hormuz, now we have
[00:29:07] another one around Jambua in the Red Sea, and
[00:29:10] the market, the reason why we have such a
[00:29:14] volatile price is because everyone knows that
[00:29:17] if those channels open, there is a lot
[00:29:21] of oil and it will very quickly come out and flood
[00:29:24] the market, however as long as those two
[00:29:28] bottlenecks are closed, and the quantities
[00:29:31] of oil derivatives that come out of the Middle East are
[00:29:35] relatively, relatively small, meaning we are already losing at least about
[00:29:39] 10% of the total quantities of oil
[00:29:41] derivatives, plus uncertainty and
[00:29:45] from on on on account
[00:29:48] of all that, so that price actually reflects that
[00:29:52] uncertainty and we have very volatile prices and it will
[00:29:56] most likely, you asked me earlier about that,
[00:29:59] most likely it will continue like that as long as
[00:30:04] with Iran, that war continues, it is a key
[00:30:08] war with Iran, to some extent the situation in Ukraine
[00:30:11] is important, especially when it comes to derivatives, but as long as
[00:30:15] this war in Iran, as long as the uncertainty
[00:30:18] is not resolved,
[00:30:21] we will continue not only with high prices but also very
[00:30:24] volatile and variable prices,
[00:30:28] but here, regardless of uh how
[00:30:32] will... end mm the war, the armed
[00:30:34] conflict in the Middle East, many
[00:30:37] analysts claim that the global oil market will
[00:30:41] never again be
[00:30:45] that war, is it, uh how do you assess
[00:30:48] the market's current ability to cope
[00:30:51] with the new circumstances
[00:30:55] related to the closure of the Strait of Hormuz and