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Within two months of OpenAI launching its AI chatbot ChatGPT last November, it surpassed 100 million monthly users. Major tech companies like Microsoft, Amazon, and Google have invested billions in deals with AI companies like OpenAI and Anthropic, while venture capital firms have placed eight-figure bets on AI startups. AdvertisementMore money in AI means more jobs in AI, and companies big and small are now on the hunt for AI talent. These AI jobs range from software developers and machine learning engineers building in-house AI tools to prompt engineers that fine tune AI chatbots to produce the best outputs. Generative AI has even created a cottage industry of side hustles like ChatGPT course instruction, AI content editing, and newsletters focused on AI-news.
Persons: , chatbot ChatGPT, Goldman Sachs, Karin Kimbrough, LinkedIn's, Daron Acemoglu, Zer, Richard Baldwin, Aaron Mok Organizations: Service, Microsoft, Google, LinkedIn, Meta, Netflix, Apple, MIT, Nvidia, IBM
Dayton rallies, beats LSU in dramatic finish
  + stars: | 2023-11-16 | by ( Field Level Media | ) www.reuters.com   time to read: +2 min
[1/13] Nov 16, 2023; Charleston, South Carolina, USA; LSU Tigers guard Carlos Stewart (1) and Dayton Flyers forward Nate Santos (2) scramble for a ball in the first half at TD Arena. Brea's 3-pointer tied the score with 47 seconds left and LSU turned the ball over, leading to the game-winner. Daron Holmes made two free throws to produce the Flyers' first points of the half, but LSU scored the next six points to open a 46-32 lead. Enoch Cheeks' jumper ended a 4 1/2-minute field-goal drought for Dayton, which closed within nine points twice. The first half was extremely close from beginning to end, featuring 11 lead changes and five ties before LSU held a 32-30 edge lead.
Persons: Carlos Stewart, Nate Santos, David Yeazell, Santos, Javon Bennett, Koby Brea, Jalen Reed, Tyrell Ward, Will Baker, Nicholls, Ward, Derek Fountain, John's, Mike Williams, Baker, Daron Holmes, Enoch Cheeks Organizations: LSU Tigers, Dayton Flyers, TD Arena, Dayton, LSU, Charleston, Flyers, Tigers, St, North Texas, Thomson Locations: Charleston , South Carolina, USA, Charleston, S.C, Dayton, North Texas, St, North
NFL trade roundup: Commanders sell; Vikings add QB Josh Dobbs
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +10 min
ET deadline:--The Minnesota Vikings acquired quarterback Josh Dobbs and a 2024 seventh-round pick from the Arizona Cardinals for a 2024 sixth-round draft choice. --The Vikings also dealt left guard Ezra Cleveland to the AFC South-leading Jacksonville Jaguars in exchange for a sixth-round draft pick, per multiple reports. Cleveland was a second-round draft pick by the Vikings in 2020, and he started all 17 games in both 2021 and 2022. Cleveland was a second-round draft pick by the Vikings in 2020, and he started all 17 games in both 2021 and 2022. --The Buffalo Bills acquired veteran cornerback Rasul Douglas and a fifth-round draft pick from the Green Bay Packers in exchange for a third-rounder on Tuesday, NFL Network and The Athletic reported.
Persons: Joshua Dobbs, Matt Kartozian, Montez Sweat, Chase Young, Josh Harris, Young, Nick Bosa, Bosa, Washington, Jonathan Allen, Daron Payne, Josh Dobbs, Kirk Cousins, Dobbs, Kyler Murray, Ezra Cleveland, Dalton Risner, Donovan Peoples, Jones, Dan Campbell, Rasul Douglas, Douglas, Tre'Davious White, Jordan Love's, Aaron Rodgers Organizations: Arizona Cardinals, Baltimore Ravens, Washington Commanders, NFL, Chicago Bears, San Francisco 49ers, Young, NBA's Philadelphia 76ers, Washington, 49ers, Ohio State, Minnesota Vikings, Vikings, The Cleveland Browns, Cardinals, Arizona, Pittsburgh Steelers, Tennessee Titans, AFC, Jacksonville Jaguars, Denver Broncos, Detroit Lions, Browns, Peoples, Michigan, Lions, Cleveland, Buffalo Bills, Green Bay Packers, NFL Network, The Athletic, Packers, AFC East, Thomson Locations: Glendale , Arizona, USA, Young's, Ohio, Arizona, Minnesota, Cleveland, Detroit, Green, Buffalo
The Chicago Bears acquired pass rusher Montez Sweat from the Washington Commanders for a 2024 second-round draft pick, a person with knowledge of the trade told The Associated Press. The person spoke to the AP on condition of anonymity Tuesday because neither team had announced the deal. The move is the first selloff by Washington, which has lost five of six since starting the season 2-0. 2 pick and Defensive Rookie of the Year, also is a candidate to be traded, along with backup quarterback Jacoby Brissett and running back Antonio Gibson. The Commanders already committed big money to defensive tackles Jonathan Allen and Daron Payne and also have the option of bringing back Young.
Persons: Montez Sweat, Chase Young, Jacoby Brissett, Antonio Gibson, Jonathan Allen, Daron Payne Organizations: Chicago Bears, Washington, Associated Press, Young Locations: Washington
The Philadelphia Eagles couldn’t wait to upgrade at safety, acquiring two-time All-Pro Kevin Byard from the Tennessee Titans earlier this week. “This is my eighth season and I’m feeling really good, coming off a bye week, too. The 29-year-old Henry can be a free agent after the season so he should be considered a half-season rental. Henry makes sense for Tampa Bay even though the team wants to build around younger players. The Dolphins (5-2), Lions (5-2) and Jaguars (5-2) are among the top possibilities if the Commanders deal Young.
Persons: Kevin Byard, C.J, Gardner, Johnson, it’s, ” Byard, , I’m, DERRICK HENRY The, wouldn’t, He’s, Henry, Baltimore, Lamar Jackson, Gus Edwards, Jerry Jones, Dallas isn’t, Jalen, Daron Payne, Montez Sweat, Young, BRIAN BURNS, Burns, Bryce Young, JUSTIN SIMMONS, Simmons, MARQUISE BROWN, ” Brown, hasn’t, Kyler Murray, Brown, ___ Organizations: NFL, Philadelphia Eagles, Tennessee Titans, Philadelphia Eagle, DERRICK HENRY The Titans, Ravens, Buccaneers, Dobbins, Tampa, NFC, Cowboys, Dallas, Eagles, Titans, CHASE, The Dolphins, Lions, Jaguars, Bowl, Carolina Panthers, Panthers, Broncos, The Seahawks, Bengals, Steelers, Chiefs, Chargers Locations: Tennessee, J.K, Brown, Washington, Miami, Detroit, Buffalo, Jacksonville, Francisco, Denver, Baltimore, Arizona
casey newton[CHUCKLES]:: And it would be so funny if the AI actually already was deceptive and was just like, oh, yeah, Kevin, you’ve already figured us out. But I also think it’s part of this sort of undercurrent of the conversation, especially around AI right now. Marc Andreessen — he is clearly so angry at all of the people who criticize technology, technology companies, tech investors. And he is just really, really going after that crowd with this piece. brent sealesYou know I don’t really know.
Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton, hasn’t, kevin roose I’m, I’m, KEVIN, casey newton Yes, Kevin Roose, ” casey newton, Casey Newton, Marc Andreessen, Casey, we’ve, kevin roose Totally, Claude chatbot, Claude, Anthropic’s, chatbot, Anthropic hadn’t, Anthropic, Kevin, — they’re, roose, Meta, it’s, I’ve, Bard, casey newton It’s, there’s, you’ve, casey newton Yeah, didn’t, Kevin — I’m, it’ll, Kevin —, Andreessen Horowitz, Uncle Marc, , “ you’re, Tucker Carlson, Jesus Christ, casey newton Well, kevin roose Oh, he’s, McCarthy, , Nick Land, casey newton Totally, You’re, Daron Acemoglu, Simon Johnson, It’s, Marc Andreessen —, they’re, Nietzschean supermen, Nietzschean, Marc, casey newton Heck, Andreessen, Marc Andreessen decries, Marc Andreessen’s, CASEY, kevin roose That’s, you’re, Nat Friedman, who’s, Daniel Gross, John, Patrick Collison, Toby Lutke, Shopify, Aaron Levie, Brent Seales, — casey newton, There’s, Luke Farritor, ” brent seales, brent seales, that’s, Seales, haters, brent seales That’s, you’ll, casey newton Yep, brent seales —, brent seales We’d, brent seales They’re, They’re, Luke, Brent, brent seales Pliny, Elder, Jesus, brent seales What’s, casey newton Right, we’re Organizations: YouTube, The New York Times, Facebook, Google, Intelligence, America, AIs, Stanford, Communist, Netscape, Fox News, Communist Party, Technology, Venture, Twitter, acc, kevin roose Venture, Companies, Meta, University of Kentucky, British Locations: , Anthropic, China, Florida, California, United States, Europe, Romanian, interpretability, Valley, America, Silicon, Silicon Valley, Vesuvius, Rome, Greece, Herculaneum, Venice, Roman
The ATM was supposed to wipe out bank tellers. And yet, here we are in 2023, with unemployment in the US at 3.8%, and an estimated 9.6 million jobs available. Tech typically creates more jobs overallSimply put, technology creates more jobs than it takes away. For example, there were fears that the advent of ATMs would put bank tellers out of work. And sure enough, a few years after the adoption of the ATM, there were fewer bank tellers per branch.
Persons: , Morgan Stanley, David Autor, who's, Banks, James Bessen, Here's Morgan Stanley, Uber, Carl Benedikt Frey, Daron Acemoglu, Simon Johnson Organizations: Service, Tech, Microsoft, Microsoft Excel, National Association of Economic Research, London, Oxford Martin School Locations: London, Hollywood
Lots of people are worried AI is going to take a bunch of jobs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Earlier this year, Goldman Sachs predicted AI would impact 300 million jobs worldwide, triggering "significant disruption" in the labor market. In a big research report published recently, Morgan Stanley compared the rise of AI with past periods of technological innovation. AdvertisementAdvertisementThat makes is absolutely key to help those who do face disruption develop new skills, something Morgan Stanley notes:
Persons: , Goldman Sachs, Daron Acemoglu, they're, Morgan Stanley, Here's Morgan Stanley, It's Organizations: Service, IBM, Microsoft Excel
NFL roundup: Puka Nacua, Rams outlast Colts in OT
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +11 min
The Rams went 75 yards on their overtime drive with Nacua scoring his first career TD on a third-down play. Kyren Williams scored two first-quarter touchdowns and had 103 yards on 25 carries for the Rams (2-2). Tua Tagovailoa threw for 282 yards, one touchdown and one interception on 25-for-35 passing for the Dolphins (3-1). Buccaneers 26, Saints 9Baker Mayfield threw three touchdown passes and the Tampa Bay defense did not allow a touchdown in a win against host New Orleans. Josh Dobbs completed 28 of 41 passes for 265 yards and two touchdowns, both to Michael Wilson, for the Cardinals (1-3).
Persons: Matthew Stafford, Trevor Ruszkowski, Puka Nacua, Nacua, Kyren Williams, Stafford, Anthony Richardson, Drew Ogletree, Michael Pittman, Richardson, Josh Allen, Stefon Diggs, Allen, Diggs, De'Von Achane, Tua Tagovailoa, Wil Lutz, Sean Payton, Russell Wilson, Marvin Mims Jr, Lutz's, Justin Fields, Jake Elliott, Sam Howell's, Jahan Dotson, Joey Slye's, Jalen, Brown, Howell, Trevor Lawrence, Darious Williams, Lawrence, Williams, Brandon McManus, Bijan Robinson, Desmond Ridder, Justin Jefferson, Kirk Cousins, Alexander Mattison, Sam Franklin Jr, Bryce Young, Harrison Smith, Young, D.J, Wonnum, Lamar Jackson, Brandon Stephens, Geno Stone, Kyle Hamilton, Mark Andrews, Jackson, Dorian Thompson, Robinson, Deshaun Watson, Myles Garrett, Stroud, Nico Collins, Watt, Collins, Kenny Pickett, Mitch Trubisky, Baker Mayfield, Mayfield, Cade Otton, Trey Palmer, Thompkins, Alvin Kamara, Kamara, Derek Carr, Blake Grupe, Derrick Henry, Ryan Tannehill, Joe Burrow, Tee Higgins, Cam Taylor, Britt, Khalil Mack, Justin Herbert, Herbert, Mack, Derrick Thomas, Aidan O'Connell, Jimmy Garoppolo, Davante Adams, Josh Jacobs, Leighton Vander Esch, DaRon Bland, CeeDee Lamb, Hunter Luepke, Dak Prescott, Mac Jones, Jones, Bailey Zappe, Christian McCaffrey, McCaffrey, Brock Purdy, Josh Dobbs, Michael Wilson Organizations: Los Angeles Rams, Indianapolis Colts, Lucas Oil, Rams, BYU, Colts, Bills, Dolphins, Buffalo, Miami, Broncos, Bears, Chicago, Denver, Eagles, Philadelphia, Washington, Jaguars, Falcons, Jacksonville, Atlanta, Vikings, Panthers, Minnesota, Carolina, The Vikings, Ravens, Browns, Cleveland, Texans, Steelers, Houston, Pittsburgh, Stroud, Buccaneers, Saints, Tampa, New, Bucs, Bengals, Cincinnati, The Titans, Titans, Chargers, Raiders, Las Vegas, NFL, Cowboys, Patriots, Dallas, The Cowboys, 49ers, Cardinals, Arizona Locations: Indianapolis , Indiana, USA, Miami, Orchard Park, N.Y, Washington, Atlanta, London, Charlotte, N.C, Carolina, Baltimore, Pittsburgh, New Orleans, Tennessee, Nashville, Cincinnati, Los Angeles, Inglewood , Calif, New England, Arlington , Texas, Francisco, Santa Clara, Calif
ARLINGTON, Texas (AP) — DaRon Bland returned one of his two interceptions for a touchdown, Leighton Vander Esch scooped up a fumble for a score and the Dallas Cowboys beat the New England Patriots 38-3 on Sunday. Mac Jones was responsible for all three turnovers and was pulled in the second half after the Patriots faced their biggest halftime deficit (28-3) under Bill Belichick. The Cowboys (3-1) spoiled former star running back Ezekiel Elliott's Dallas homecoming with their 10th consecutive home victory. ANYONE OTHER THAN BRADYIt was the second consecutive victory for the Cowboys over New England, both over Jones. Cowboys: At San Francisco next Sunday in a matchup of teams that met in the playoffs each of the past two seasons.
Persons: — DaRon Bland, Leighton Vander Esch, Mac Jones, Bill Belichick, Ezekiel Elliott's Dallas, Bland, Jones, Dante Fowler, Vander, Kendrick Bourne, Belichick, Trevon Diggs, Brandon Aubrey's, Bailey Zappe, Elliott didn't, Elliott, Dak Prescott, CeeDee Lamb, Prescott, BRADY, Tom Brady, Vander Esch's, Bryan Anger, Chauncey Golston, Christian Gonzalez, Matthew Judon, Gonzalez, Tony Pollard, Judon, Dallas RB Rico Dowdle, didn't, ___ Organizations: Dallas Cowboys, New England Patriots, Patriots, The Cowboys, T, New York Giants, Dallas, Buffalo, Atlanta, Cowboys, NFL, Arizona, Dallas RB Rico, UP NEXT Patriots, Sunday, San Francisco, The 49ers Locations: ARLINGTON , Texas, Vander Esch, Super, Dallas, New England, UP, New Orleans
Insider Today: Tech's biggest lie
  + stars: | 2023-09-18 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
In recent years, some members of Congress have lacked a basic understanding of technology, let alone something as complex as generative AI. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. It's International Equal Pay Day. The UN General Assembly created this day in 2019 with "equal pay for work of equal value" in mind.
Persons: Mark Sumersett, isn't, Simon Simard, Daron Acemoglu, Insider's Aki Ito, Acemoglu, hasn't, Aki, It's, Nat Friedman, Rebecca Zisser, Peter Brown, Marc Benioff, Salesforce, Greg Johnson, Gary Reyes, Janette Beckman, Getty, Johnny Nunez, Lynn Goldsmith, Dakarai Akil, Tupac, Akon, Sean Kingston, Gucci Mane, There's, Carly Pearce, Valter Longo, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, MIT, Renaissance Technologies, Bloomberg Beta, McAfee, Oakland Tribune Staff, Interscope Records, Academy of Country, FOX, UN, Assembly, Getty Locations: Wall, Silicon, New York City, San Diego, London, New York
Over the course of three conversations this summer, Acemoglu told me he's worried we're currently hurtling down a road that will end in catastrophe. "There's a fair likelihood that if we don't do a course correction, we're going to have a truly two-tier system," Acemoglu told me. "I was following the canon of economic models, and in all of these models, technological change is the main mover of GDP per capita and wages," Acemoglu told me. In later empirical work, Acemoglu and Restrepo showed that that was exactly what had happened. "I realize this is a very, very tall order," Acemoglu told me.
Persons: who's, Katya Klinova, Daron Acemoglu, Simon Johnson, Acemoglu, Johnson, we've, he's, we're, Power, James Robinson, , Robinson, David Autor, Pascual Restrepo, Restrepo, John Maynard Keynes, Simon Simard, Lord Byron, Eric Van Den Brulle, hasn't, it's, Gita Gopinath, Paul Romer, Romer, What's, Daron, GPT, Asu Ozdaglar, It's, Mark Madeo, Tattong, Erik Brynjolfsson, Brynjolfsson, There's, Yoshua Bengio, Yuval Noah Harari, Andrew Yang, Elon Musk, I've, That's, Aki Ito Organizations: Getty, MIT, of Technology, Hulton, London School of Economics, Stagecoach, Technology, , International Monetary Fund, Microsoft, Asu, Companies, Computer, Greenpeace, Communications, Big Tech, Workers Locations: Silicon Valley, America, Boston, Istanbul, Turkey, Acemoglu, England, United States, Britain, Australia
After Thursday’s shocking season opener, Sunday saw the bulk of NFL franchises take to the field for the first time. Browns dominate Bengals, 24-3Coined the ‘Battle of Ohio,’ clashes between the Cleveland Browns and Cincinnati Bengals have always been tempestuous. However, on Sunday, the 100th encounter between the two franchises was far from that, with the Browns thrashing the Bengals 24-3. “It’s frustrating because I called they ass elves and we just lost to some elves,” said Chase of the Browns. “They’re a good team.
Persons: Deshaun Watson, Harrison Bryant, Joe Burrow, Chase, Kirk Irwin, Zac Taylor’s, Burrow –, ” –, , Nick Chubb, chastening, I’m, , Brownie, David Richard, Rodgers, Brett Favre, Aaron Rodgers, Jordan Love, Aaron Jones, – Rodgers, ” Love, Noah Igbinoghene, DaRon Bland, Daniel Jones, Stephon Gilmore, Jones, Mike McCarthy, Graham Gano, New York Giants Adam Organizations: CNN, NFL, Sunday, Buffalo Bills, New York Jets, Browns, Bengals, Cleveland Browns, Cincinnati Bengals, Cincinnati, Ohio, Cleveland, ” Cleveland Browns, Packers, Bears, Green Bay Packers, Chicago Bears, Soldier, NFC North, ” Cowboys, Giants, Dallas Cowboys, New York Giants, Dallas, Cowboys, NFL Research, ” Dallas, Detroit Lions, Kansas City Chiefs Carolina Panthers, Atlanta Falcons Houston Texans, Baltimore Ravens Cincinnati Bengals, Cleveland Browns Jacksonville Jaguars, Indianapolis Colts Tampa Bay Buccaneers, Minnesota Vikings Tennessee Titans, New Orleans Saints San Francisco 49ers, Pittsburgh Steelers Arizona Cardinals, Washington Commanders Green Bay Packers, Chicago Bears Las Vegas Raiders, Denver Broncos Miami Dolphins, Los Angeles Chargers Philadelphia Eagles, New England Patriots Los Angeles Rams, Seattle Seahawks Dallas Cowboys, New York Giants Buffalo Bills Locations: of Ohio, Wisconsin, Chicago
KANSAS CITY, Mo. (AP) — The Kansas City Chiefs signed Chris Jones to a new one-year contract Monday, which should end the All-Pro defensive tackle's holdout and could mean he will be back on the field when they visit the Jacksonville Jaguars for Week 2. The Chiefs did not disclose terms, but a source told The Associated Press no years were added to his four-year, $80 million deal, which was due to expire. In his only public statement, Jones said: "Hopefully it gets worked out. It's always been my goal to be a Kansas City Chief for life.
Persons: Chris Jones, Jones, Chris, he’s, Brett Veach, “ He’s, Veach, Jason, Michael Katz, Andy Reid, ” Veach, Katz, ” Jones, Nick Bosa, Micah Parsons, Ronald McDonald, It's, I’ve, Aaron Donald, Dexter Lawrence, Daron Payne, Jeffrey Simmons, Quinnen Williams, “ I’ve, “ I’ll, Organizations: KANSAS CITY, The Kansas City Chiefs, Jacksonville Jaguars, Chiefs, Associated Press, ” Chiefs, Super Bowl, Kansas City, Detroit, 49ers, Cowboys, Charities, Kansas City Chief, Rams, Giants, Titans, Jets Locations: KANSAS, Mo, The, Kansas, Miami
The shutout loss was the largest between the teams, topping the Cowboys' 35-0 win over the Giants in 1995, also in a season-opener in the Meadowlands. It was also the Cowboys' biggest season-opening shutout, topping their 38-0 win over the Baltimore Colts in 1978. This was supposed to be the game that showed whether the Giants had closed the gap on Dallas and defending NFC champion Philadelphia in the NFC East. Political Cartoons View All 1148 ImagesThe Cowboys didn't need much from quarterback Dak Prescott and the offense. The others were the Steelers (down 30-0 vs. the Browns) in 1989 and the Colts (27-0 vs. the Rams) in 1954.
Persons: — Noah Igbinoghene, DaRon Bland, Tony Pollard, Daniel Jones, Dak Prescott, Brandon Aubrey, Pollard, Dallas, Organizations: Dallas Cowboys, New York Giants, Dallas, Giants, Cowboys, Baltimore Colts, NFC, Philadelphia, Bucs, Eagles, Steelers, Browns, Colts, Rams Locations: RUTHERFORD, N.J, Dallas
CNN —Ahead of the start of the NFL season, Washington Commanders coach Ron Rivera sat down with CNN This Morning for a wide-ranging interview on leadership and other topics. Ron Rivera: There are so many great examples out there of it, you know, from people like Nelson Mandela. You know, there’s a great saying that says leadership is not about you, but it will start with you. RR: I think great leaders start with themselves. I think you’ve got to create a positive culture that is built through character.
Persons: Ron Rivera, Rivera, Poppy Harlow, Nelson Mandela, you’ve, there’s, I’ve, Andy Reid, John Madden, “ Ron, haven’t, , it’s, Daron Payne, John McDonnell, It’s, Bill Belichick, Sean Payton, Tom Coughlin, Dan Snyder, Charles Barkley, LeBron James, Megan Rapinoe, Eric Reid, Colin Kaepernick, we’re, they’re, let’s Organizations: CNN, NFL, Washington, Kansas City Chiefs, Washington Post, New England Patriots, Denver Broncos Locations: New York, San Francisco, American
LONDON (AP) — Books about the perilous state of our world, our food and our relationship with technology are in the running for Britain’s leading nonfiction book award, the Baillie Gifford Prize. Best-selling American author David Grann is nominated for the stirring seafaring yarn “The Wager,” while physician-writer Siddhartha Mukherjee is in the running with “The Song of the Cell.”British journalist Hannah Barnes is on the list for “Time to Think,” which charts the demise of Britain’s controversial Tavistock gender clinic for children. Founded in 1999, the prize recognizes English-language books from any country in current affairs, history, politics, science, sport, travel, biography, autobiography and the arts. It has been credited with bringing an eclectic slate of fact-based books to a wider audience. Last year’s winner was Katherine Rundell’s poet biography “Super-Infinite: The Transformations of John Donne.”
Persons: Britain’s, Baillie Gifford, longlist, John Vaillant’s, Chris van, Daron Acemoglu, Simon Johnson, David Grann, , Siddhartha Mukherjee, Hannah Barnes, Tania Branigan’s, Katja Hoyer’s, Katherine Rundell’s, , John Donne Organizations: Prosperity, Locations: British, Tavistock, East Germany
Backers of AI predict a productivity leap that will generate wealth and improve living standards. The productivity gains it was once lauded for have slowed across many economies. In a globalised economy, there are other reasons to doubt whether the potential gains of AI will be felt evenly. That is just one of several factors that will help determine how AI shapes our economic lives - from antitrust policies that ensure healthy competition among AI suppliers through to re-training of workforces. "The question is: will AI exacerbate existing inequalities or could it actually help us get back to something much fairer?"
Persons: Richard Erkhov, Yiannis, Simon Johnson, Johnson, Daron Acemoglu, jenny, Natixis, Stefano Scarpetta, MIT's Johnson, Mary Towers, Eva Mathews, Mark John, Catherine Evans Organizations: REUTERS, MIT Sloan School of Management, McKinsey, Hollywood, Reuters, Labour, Social Affairs, Economic Cooperation, Development, UN, POWER, Britain's Trades Union, OECD, Thomson Locations: Pascal, Nicosia, Cyprus, U.S, American, Paris, Bengaluru
Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI firms excel at staying lean and automating work. "I think we should curb our optimism that San Francisco commercial real estate will bounce back because of AI," said Silicon Valley investor Jeremiah Owyang. Eleven of the country's top 20 AI companies are in San Francisco and have raised $15.7 billion collectively between 2008 and 2023. That amount is just 2.3% of the estimated 150,000 daily workers that downtown San Francisco lost during the pandemic. Reporting by Anna Tong in San Francisco; Editing by Sayantani Ghosh, Anna Driver and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Carlos Barria, San, Jeremiah Owyang, Erin Price, Wright, OpenAI, Matt Schlicht, Mike Grabowski, Grabowski, Owyang, Lee Edwards, Daron Acemoglu, Anna Tong, Sayantani Ghosh, Anna Driver, Matthew Lewis Organizations: Intelligence, REUTERS, FRANCISCO, Reuters, Francisco, San Francisco Mayor London Breed's, San, Microsoft, Octane, Google, Nordstrom, Massachusetts Institute of Technology, Thomson Locations: San Francisco, California, U.S, Valley, NFX, Dubai
Tech giants Microsoft and Alphabet/Google have seized a large lead in shaping our potentially A.I.-dominated future. of Alphabet/Google, unveiled a suite of A.I. While there is some discussion as to whether Meta’s recent decision to give away its A.I. History has repeatedly demonstrated that control over information is central to who has power and what they can do with it. At the beginning of writing in ancient Mesopotamia, most scribes were the sons of elite families, primarily because education was expensive.
Persons: Sundar Pichai Organizations: Tech, Microsoft Locations: ChatGPT, Mesopotamia, Europe
Businesses are expected to use AI to boost productivity and their profits. The adoption of AI could mean higher wages for workers — or that they lose their jobs altogether. In the years ahead, generative AI including ChatGPT could disrupt — not necessarily replace — 300 million full-time jobs across the globe, according to Goldman Sachs. Over the next decade, that AI productivity boost could increase S&P 500 profits by 30% or more, Ben Snider, a senior strategist at Goldman Sachs, told CNBC last week. "AI will make superstar companies more productive and profitable, but those profits might be achieved at the expense of other companies," he said.
Tens of billions of dollars of FX and gold reserves have been used up - another sign of systematic micro-management. Depositors have put some $33 billion into depreciation-protected bank accounts in the last two months, bringing the total to $121 billion - almost a quarter of all Turkish deposits. Benchmark international market bonds have fallen back 10%-15% and key FX market volatility gauges that look a year or more ahead have hit record highs. Eyes are now on the FX reserves and the lira as it surpasses 20 to the dollar, the latest major milestone in its long descent. "These weren't seen as cheap assets, they were seen as jewels," MIT's Acemoglu said of the M&A banking boom heyday.
Brynjolfsson and his co-authors of a study compared the call center employees who used the tool to those who didn’t. Customer sentiment was also higher and employee turnover lower in the group that used the tool. “That offers an opportunity to enable more workers to do valuable work that relies on some of that expertise,” he said. tool for some tasks may free up workers to expand their work on tasks that can’t be automated. Of course, there’s no guarantee that workers will be qualified for new jobs, or that they’ll be good jobs.
Artificial intelligence could cheapen educated labor and reduce inequality. "The general presumption is that AI — and even before that, office software — would impact middle-skill workers," Acemoglu told Insider. That word "exposure" means AI could either replace high-income workers, which would reduce inequality, or make them even more productive, which would increase it. "You can imagine devolving some of the most highly skilled tasks to less skilled people," Autor said. Additionally, "the more skilled workers may be able to shield themselves," he said.
For three days last month, 1,000 food-service workers at SFO went on strike over wages and working conditions. For decades, robots have been replacing, or at least nudging aside, human labor. But at SFO, robot baristas didn't simply replace humans — they crossed a picket line. Cafe X robot baristas stayed on the job when food-service workers went on strike at San Francisco International Airport last month. The short version is: Every new robot per thousand human workers reduces employment by 0.2 percentage points and decreases wages by 0.42%.
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