Today's edition of The Download is the weekday newsletter that gives you a daily dose from the world of technology.
ChatGPT is poised to revolutionize the economy. It is up to us to define what that means.
It doesn't matter if it's based upon hallucinatory beliefs, but there has been a gold rush over the past few months to make some money off generative AI models such as ChatGPT.
The shrieks can be heard from corners around the globe: "What's our ChatGPT game?" How can we make money from this?"
While executives and companies may want to cash in on the generative AI, the potential impact on workers and the economy as a whole is less clear.
ChatGPT will make the already troublesome income and wealth inequalities in the US and other countries worse or could it actually provide a much-needed boost in productivity? The full story is available here.
–David Rotman
A guide for policymaking regarding generative AI
Generative AI is what everyone is talking about right now. Although the technology is not new, it has policy implications that are still months if not years away.
Generative AI is not without risks, despite all the excitement. The internet is a toxic repository and models that are trained on it often produce racist or sexist output. They can also make up things and declare them in confidence, which could pose a threat to people's privacy and security.
It's crucial for policy people in Washington, London, Brussels and London to realize that generative AI will be around forever. Although there is a lot of hype around AI, the advances made in recent years are just as important and real as the potential risks they present. The full story is available here.
–Tate Ryan-Mosley
The Technocrat is Tate's weekly tech policy newsletter. Get it delivered to your inbox every Friday by signing up
The must-read
I've combed the internet to find you today's most fun/important/scary/fascinating stories about technology.
1 What do startups do next?
Silicon Valley Bank has closed, and many founders' dreams and hopes have been lost. (FT $)
+ First Citizens bank bought the bank that had collapsed. (Bloomberg $)
+ The cost of bouncing back from a bank crises is high. (The Information $
2 Elon Musk believes that Twitter is worth half of what he paid
He claims that the company has lost $24 billion in value within six months. (FT $)
+ The company has taken legal action to find the leaker. (BBC)
3 Microsoft believes that GPT-4 shows glimmers general intelligence
This seems to contradict OpenAI CEO's statements. (Motherboard)
+ What should we fear about AI? (The Atlantic $).
+ Baidu has cancelled a launch that was linked to its chatbot Ernie Bot. (Reuters)
+ Big Tech has gone on an AI hiring frenzy. (Economist $)
+ Generative AI is revolutionizing everything. But what happens after all the hype? (MIT Technology Review)
4 Apple workers skeptical about AR headset
They aren't the only ones concerned about its $3,000 price tag. (NYT $)
5 The rise & fall of a FTX-backed crypto tycoon
Alex Grebnev's business was halted by the war in Ukraine. (The Guardian)+ What is next for crypto. (MIT Technology Review)
6 How China's apps overtook the US
The fierce competition among Chinese companies leads to highly compelling platforms. (WSJ $)
7 The US government's Willow Project has been riling Gen Z
Environmental scientists are not too fond of the oil drilling deal. (Slate $)
+ A historical, present, and futuristic inventory of the climate. (MIT Technology Review)
8 How Ozempic impacts our relationship to exercise
Although weight loss is not the only side effect to working out, it is hard to overlook its appeal. (The Atlantic $+) Tweaking your metabolism can be a big deal. (New Yorker $).
+ The internet is flooded with weight-loss injections. What does this mean for IRL people? (MIT Technology Review)
9 When work is not work?
TikTok says it's fake work when it happens. (Insider $)
10 Silicon Valley cannot get enough coffee
You never know what you might hear in the line for an oat milk latte. (The Information $
Quote for the Day
"We have dreams, and we won't give up on them."
–Sofia, a 22 year old Afghan woman, describes how determined girls and women living under Taliban rule to continue learning online to Reuters.
The big story
How to save social media by treating them like a city
December 2021
Sometimes, social media can feel like you're living in the most global city on the planet. It's also rotten. It's also a source of raw sewage. Sometimes, there is a mass frenzy. Social media companies must place integrity design above content moderation in order to fix this.
Some companies already practice integrity design, but they need support. Companies often prevent these teams from achieving their full potential when they are in conflict with other priorities such as increasing engagement. Read the whole story.
— Sahar Massachi
You can still enjoy nice things
This is a place to find comfort, joy and distraction during these crazy times. (Have any suggestions? Drop me a note or send me a tweet. )
+ The Wikipedia page of this oyster-loving thief is quite entertaining.
+ I wish the best for Friar BIGOTON, also known as Brother Mustache.
+ The embarrassing, long-winded history of Metallica’s most embarrassing meme.
+ Who wouldn't like to be friends Pamela Anderson?
+ John Cooper Clarke, the iconic poet on the creation of what may well be the most beloved poem in the world is simply beautiful.
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By: Rhiannon Williams
Title: The Download: AI’s gold rush, and how to regulate generative models
Sourced From: www.technologyreview.com/2023/03/27/1070337/download-ai-gold-rush-how-to-regulate-generative-models/
Published Date: Mon, 27 Mar 2023 12:10:00 +0000
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