ms. graham. it's good to have you on the program. inflation has persisted and yet energy prices, they have fallen considerably. what is fueling inflation now? yeah, inflation is push this thing. how line installation um is still uh, has risen again in a pro, but particularly call inflation is very positive assistance. and this is youtube raising wages of the reasons negotiations have a way just significantly and also the energy prices are passed on to the consumers only slowly in some countries in some countries. this happened quite fast as in spain, but not the countries like. and so many of this happens by and by and it's still feeding into inflation. so economy is to say that if corporate profits were either turned into more wages, for example, or if you were to take them out of the equation, that inflation would be back at normative levels. what do you say to find the narrative of ross? it's riven inflation, not so plausible of profits are high in some industry. but this is due to the fact th

ms. graham, you and your fellow economy is on the advisory council. um it said that you expect inflation to fall. busy in 2024. where do you see price relief coming from the me this past winter? we know it was very mild. the demand for energy was not as high as we feared. what happens if next winter is barely cold and demand for oil and natural gas skyrockets? yeah, there is a significant risk that b c high energy prices, again in the next winter. this is true. i think we have to be prepared for this. and in particular, the safe energy expend, uh, energy supply as much as we can, this is something that politics should be after. um, at the same time, uh, we have been uh increasing energy prices which now decrease again decreased again. um, but we see that a visa energy prices bill um are passed on to customers. so we expect inflation to go down slowly and i think it's very important that the central bank is continuing its strategy to increase interest rates. this will be much harder as time goes by and when and placing comes down again. but it is very

ms. graham: you would like liability where people are harmed? >> yes. ibm has been able to condition liability. ms. graham: -- snaim snaim. >> we are claiming we need to work together to find a new approach. i don't think section 230 is the right framework. >> under the law that exists today, this tool created, if i'm harmed about it, can i sue you? >> that is beyond my area? >> no. >> have you ever been sued? >> yeah, we have beep sued before? >> and what for? >> frivolous things. >> examples my colleagues have given from artificial intelligence that could ruin our lives, can we sue them? >> there is clear responsibility. >> but you are not claiming any kind of legal protection such as 230 applies to your industry, correct? >> no. >> when it comes to consumers, there is three time-tested ways to protect consumers. statutory schemes, which are nonexist ant here. legal systems, which may be here, but not social media and agencies. go back to senator holly. and nuclear power could be one of the solutions to climate change. so what i'm trying to do is make

senator graham: do you agree with that, ms. montgomery. ms. montgomery: we need to build on what we have in place already today-- senator graham: no, no. ms. montgomery: we don't have an agency that regulates the technology? senator graham: should we have one? ms. montgomery: i don't think so. a lot of the issues -- senator graham: i.b.m. says we don't need an agency. interesting. should we have a licensed required for these tools? ms. montgomery: so, what we believe is that we need to regulate -- senator graham: should you get a license to produce one of these tools? ms. montgomery: i think it comes back to some of them potentially, yes. what i said at the onset is that we need to quantify risks -- senator graham: do you claim section 230 applys? mr. altman: we are not a platform company. we have again long advocated for reasonable care standard. senator graham: i don't understand how you can say that you don't need an agency to deal with the most transformative technology maybe ever. ms. montgomery: well, i think we have existing -- senator g

ms. frost? prof. frost: would i agree if there was -- sen. graham: if justice alito autographed the dobbs decision, and all hell would break loose. prof. frost: i agree that would be a problem and i think that's why congress should play in active role today. sen. durbin: why didn't -- sen. graham: why didn't hell break loose in 1998 when justice ginsberg signed the proclamation for the women's defamation defense fund. justice ginsburg, one of the greatest people to serve on the court received an award from the national democratic women's club. can you imagine what would happen if justice roberts received a award from a republican women's club. i think we might read more about it. justice ginsburg was given a one million-dollar award a annual cultural and philosophy award in advancing ideas and philosophies for the world. they gave her $1 million to give to other people, she didn't receive the award personally. does anyone have a problem with that? does everyone have a problem with that? well, i'm going to assume silence means yes. the point we were