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And he's kept right on using Bing to do his job even after his company issued a policy barring the staff from using AI. Those secretly using AI on the job — experts call it "shadow IT" — appear to be legion. Luke doesn't know whether his employer is OK with him using ChatGPT, since it hasn't issued an official policy, and he's not about to ask. Even when employers block access to AI tools at work, employees are pulling up apps like ChatGPT on their personal devices. By failing to create clear guidance on AI, companies are effectively empowering the covert users at the expense of everyone else.
Persons: Blake doesn't, Blake, Bing, hasn't, he's, ChatGPT, Blake —, Bard, Fishbowl, Ethan Mollick, they've, Gartner, Eser Rizaoglu, Alex Alonso, We're, Roberto, I'm, Roberto hasn't, Luke, , Luke doesn't, He's, Jaap Arriens, they're, GPT, Wharton, Roberto aren't, they'll, Aki Ito Organizations: Wharton School, Gartner, Employers, Employees, Bing Locations: America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wharton's Jeremy Siegel and Veritas' Greg BranchJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, and Gregory Branch, founder and managing partner at Veritas Financial Group, join 'Closing Bell' to discuss their thoughts on the economy and more.
Persons: Wharton's Jeremy Siegel, Greg Branch Jeremy Siegel, Gregory Branch Organizations: Veritas, University of Pennsylvania's Wharton School, Veritas Financial Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquity markets are headed to new highs, says Wharton's Jeremy SiegelJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, joins 'Closing Bell' to discuss if there's enough momentum in equities to keep the rally intact, whether the Federal Reserve is done with rate hikes, and more.
Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Equity, University of Pennsylvania's Wharton School, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWharton's Jeremy Siegel: The best news conference I've heard from Jay Powell in over a yearJeremy Siegel, University of Pennsylvania’s Wharton School professor of finance, joins 'Squawk Box' to discuss the Fed's latest 25 basis point hike, the market's longest winning streak in decades, and more.
Persons: Jeremy Siegel, I've, Jay Powell Organizations: University of Pennsylvania’s Wharton School
But OpenAI CEO Sam Altman says some jobs are "definitely going to go away." New jobs could be created in their place, but not all displaced workers will benefit. In March, Goldman Sachs forecasted that 300 million full-time jobs across the globe could be disrupted — not necessarily replaced — by AI. Altman told The Atlantic that he expects better — perhaps higher-paying jobs — will be created in place of the ones that are disrupted. The question, however, is whether displaced workers will be able to navigate their way to these new gigs.
Persons: Sam Altman, Altman, he's, it'd, Jobs, Goldman Sachs, Carl Benedikt Frey, Ethan Mollick, Organizations: Service, OpenAI, ChatGPT, Columbia Business School, University of Pennsylvania's Wharton School Locations: Wall, Silicon, Oxford
It's why top researchers are looking to the past as a guide to predict how generative AI could affect workers' jobs in the years and decades to come. "It's possible that in the end, we get better jobs, but in the short term, there's a lot of disruption," Mollick said. But Raymond warned that AI could produce some less-desirable outcomes for customer-service workers, particularly if customer-support chatbots become much more capable and advanced. The extent to which AI displaces jobs will depend on how quickly it scales what Mollick calls the "three levels" of work: tasks, jobs, and systems. Instead, what I would be thinking about is: How do you figure out how to use it to do your job better?"
Persons: Ethan Mollick, Mollick, Carl Benedikt Frey —, Frey, Lindsey Raymond —, , Raymond, that's, chatbots, Oded, There's Organizations: Service, University of Pennsylvania's Wharton School, MIT Sloan School of Management, White, National Bureau of Economic Research Locations: Wall, Silicon, Oxford, COVID, Columbia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDebt restructuring: We should be engaging with China 'so much more,' professor saysMauro Guillen of the University of Pennsylvania's Wharton School discusses the Group of 20's debt restructuring talks and says China has money and influence with "many of these countries out there that are running into trouble." He adds that the West hasn't done enough to bring China to the table.
Persons: Mauro Guillen Organizations: University of Pennsylvania's Wharton School Locations: China
The AI boom is screwing over Gen Z
  + stars: | 2023-07-17 | by ( Ed Zitron | ) www.businessinsider.com   time to read: +13 min
Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks — stripping away their dubious last attempt to "teach" young employees. America's young workers are headed toward a career calamity. Nobody wants to teach anymoreEven before the rise of AI, young people were facing an early-career crisis. This lack of care is clearly weighing on the young workers who need career development the most. Humans can be enhanced by AI, helped by AI, but replacing them with AI is a shortsighted decision made by myopic bean counters who can't see the value in a person.
Persons: there's, Gen, Gen Zers, it's, Gen Z, Louis, Zers, millennials, Peter Cappelli, Capelli, Paul Osterman, they'd, Osterman, they'll, ChatGPT, Qualtrics, What's, they're, Ulrich Atz, Tensie Whelan, New York University's, Atz, Whelan, , There's, Knight, It's, Ed Zitron Organizations: Management, Federal Reserve Bank of St, National Association of Colleges, Employers, University of Pennsylvania's Wharton School of Business, US Department of Labor, MIT, Pew Research Center, National Bureau of Economic Research, Gallup, Workplace Intelligence, Amazon, Boston Consulting Group, New York, New York University's Stern Center, Sustainable Business Locations: America, New, Fortune
Here's 9 ways ChatGPT Plus users have used Code Interpreter, from data analysis to game creation. Last week, OpenAI launched a beta version of its plug-in called Code Interpreter to users of ChatGPT Plus, which costs $20 a month. Thanks to the new plug-in, users may now be able to turn ChatGPT into their own personal data analyst. After that, Ker found open source code to help Code Interpreter devise a version of the game. Analyze playlistsWith Code Interpreter, there may be no need to wait all year for your Spotify Wrapped playlist.
Persons: OpenAI, Ethan Mollick, there'd, Mollick, Alex Ker, Ker, Greg Howe, Jason Gulya, Drake Surach, , Surach, Kris Kashtanova, ChatGPT, Salma Aboukar, Midjourney, Wharton, — Salma Aboukar, Rick Astley Organizations: LinkedIn, ChatGPT, Twitter, University of Pennsylvania's Wharton School of Business, Berkeley College, YouTube
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWharton Professor Jeremy Siegel: Here's why the Fed should stop raising ratesJeremy Siegel, professor emeritus at the Wharton School and senior economist to WisdomTree, joins 'Squawk on the Street' to discuss why he thinks the Fed should stop raising rates, the current state of the economy, and more.
Persons: Wharton, Jeremy Siegel, Here's Organizations: Wharton School
Javice is accused of grossly exaggerating the numbers of customers she had before her sale to JP Morgan. After hat after the initial deception to JP Morgan Chase, Javice and Amar pivoted to another, Fergenson said. Javice and Amar presented it all in a spreadsheet to JP Morgan Chase, representing all of the names to be Frank users, Fergenson said. Javice's attorney, Alex Spiro, who has alleged that JP Morgan Chase is retaliating against his client for her exposure of their violating of privacy laws, objected. "The government is just regurgitating to the court JP Morgan Chase's civil lawsuit," he said.
Persons: Frank, Charlie Javice, Javice, JP Morgan, Olivier Amar, JP Morgan Chase, Mr, Amar, Micah F, Fergenson, Morgan Chase, Alvin K, Hellerstein, nodded, , Alex Spiro, Morgan, Judge Hellerstein Organizations: University of Pennsylvania's Wharton School of Business, Forbes, Fast Company, of, Securities and Exchange Commission Locations: Manhattan, Pennsylvania, Southern, of New York
This counters a claim spreading online that misinterprets public data to suggest it shows the vaccines did not prevent deaths. The data shows there were 22,361 COVID deaths in England and Wales in 2022 where the individuals were vaccinated three times. This would be 80%, not 92%, of all COVID deaths for 2022, she said. The 92% pertains to COVID deaths of anyone who ever received a vaccine dose, the spokeswoman added. Moreover, the online claim’s wider suggestion of vaccine ineffectiveness is a misrepresentation of COVID deaths data, she said.
Persons: COVID, , Jeffrey Morris, biostatistics, Read Organizations: National Statistics, Reuters, Triple, Twitter, Facebook, England, Perelman School of Medicine, Wharton School, University of Pennsylvania Locations: England, Wales, COVID
Mastodon, another Twitter-like app, has 1.7 million monthly active users, according to its website, while Twitter co-founder Jack Dorsey-backed Bluesky has about 265,000 users. Twitter had 229 million monthly active users in May 2022, according to a statement made before Musk's buyout. THREADS HAS CERTAIN LIMITATIONSMeta's Threads app logo is seen in this illustration taken July 4, 2023. Threads does not have hashtags and keyword search functions, which means users cannot follow real-time events like on Twitter. Currently there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.
Persons: Zuckerberg, Elon Musk, Mark Zuckerberg, Twitter's, Jasmine Enberg, Twitter, Meta, Niklas Myhr, Jack Dorsey, Bluesky, Dado Ruvic, hasn't, Marques Brownlee, Linda Yaccarino, Musk, Pinar Yildirim, Aditya Soni, Yuvraj Malik, Bansari Mayur, Akash Sriram, Shounak Dasgupta Organizations: Meta, Twitter, Intelligence, Chapman University, REUTERS, Facebook, University of Pennsylvania's Wharton, Thomson Locations: Las Vegas, Bengaluru
While Threads is a standalone app, users can log in using their Instagram credentials, which makes it an easy addition for Instagram's more than 2 billion monthly active users. Twitter, by comparison, had 229 million monthly active users in May 2022, according to a statement made before Musk's buyout of the social media platform. Mastodon, another Twitter-like app, has 1.7 million monthly active users, according to its website, while Twitter co-founder Jack Dorsey-backed Bluesky has about 265,000 users. Threads does not have hashtags and keyword search functions, which means users cannot follow real-time events like on Twitter. Overall, analysts said Threads was a strong competitor to Twitter, which has been rocked by abrupt decisions by Musk.
Persons: Elon Musk, Kim Kardashian, Gordon Ramsay, Niklas Myhr, Mark Zuckerberg, Pinar Yildirim, Jack Dorsey, Bluesky, Zuckerberg, Musk, Jasmine Enberg, Marques Brownlee, hasn't, Aditya Soni, Yuvraj Malik, Bansari, Shounak Dasgupta Organizations: Twitter, Chapman University, Facebook, University of Pennsylvania's Wharton, Intelligence, Bloomberg News, Union, Thomson Locations: Las Vegas, Bengaluru
CNN —Chutatip “Nok” Suntaranon still remembers the moment she first saw Ziv Katalan in vivid detail. Chutatip "Nok" Suntaranon and Ziv Katalan visit Barcelona in 2010. Courtesy Chutatip "Nok" Suntaranon and Ziv Katalan“It’s kind of an attraction of opposites,” says Katalan. Courtesy Chutatip "Nok" Suntaranon and Ziv Katalan“That’s how we maintained a global relationship for 1.5 years. Named after the chef’s mother, Kalaya showcases the complexity and vibrancy of the food Suntaranon grew up eating in Trang, a small city southeast of Krabi in southern Thailand.
Persons: Ziv, Suntaranon, , Katalan, Ziv Katalan, , Katalan didn’t, “ Nok, , David Bouley, ” Suntaranon, Kalaya, Michael Perisco, , ’ ”, , didn’t, Milan –, ” Katalan, New York –, Georges, Titi, “ Ziv, Sutaranon, Bella, Mike Prince Suntaranon’s, James Beard, Mike Prince, Kenya – Organizations: CNN, Thai Airways, Wharton School, University of Pennsylvania, CNN Travel, New York City, Museum of Modern Art, MoMa, Times, Time Warner Center, Katalan, of Culinary Education, French Culinary Institute New York, Jean, Wharton Locations: Bangkok, New York City, New York, Southern Thailand, Rome, Barcelona, Philadelphia, Mexico, Italian, Midtown, York, Thailand, Masa, Central, Trang , Thailand, Asia, Vietnam, Singapore, Australia, New Zealand, Nha Trang, Los Angeles, London, Tel Aviv, Frankfurt, Paris, Ireland, SALA, Thai, France, Trang, Krabi, , Morocco, Italy, Spain, Kenya, Baltic, India, Colombia
Comparing airline prices, fees, and schedules on your own has become standard procedure. And they've introduced a complex system of additional fees, often hidden, for services that used to be included in the ticket price. In order to give that flight the appearance of being on-time, the airline might list the flight duration as three hours. This practice allows airlines to improve their on-time performance and reduce the risk of delays while ultimately boosting cost efficiency. Since everyone became their own travel agent and airlines began fiercely competing over price and on-time performance, airlines have shifted their focus.
Persons: They've, Itai, Eugene Orlov, it's, Orlov, Vinayak Deshpande, Mazhar Arıkan, Jan, Van Mieghem, Yuval Salant, Dennis J, Zhang, Louis, Gad Allon, Jerome Fisher Organizations: Google, Airline Industry, Tel Aviv University, Spirit Airlines, Ryanair, University of North, University of Kansas, Northwestern University, Washington University, Jerome Fisher Program, Management, Technology, Wharton School, University of Pennsylvania Locations: Ater, US, Ireland, University of North Carolina, St
June 30 (Reuters) - The U.S. Supreme Court's conservative-majority ruling letting certain businesses refuse to provide services for same-sex marriages could impact an array of customers beyond LGBT people, according to the court's liberal justices. Smith said, for instance, she would happily serve an LGBT customer who wants graphics for an animal shelter. Critics said that distinction between message and status was not so clear-cut and could quickly veer into targeting people instead. The ruling takes LGBT rights backwards, Sotomayor wrote. The ruling's rationale cannot be limited to discrimination based on sexual orientation or gender identity and could exclude other groups from many services, Sotomayor said.
Persons: Lorie Smith, Neil Gorsuch, Gorsuch, Colorado's, Smith, Critics, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Sotomayor, Jim Bourg Sotomayor, Phil Weiser, of Jesus Christ, Weiser, Lambda, Jennifer Pizer, Amanda Shanor, Shanor, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, of Jesus, Lambda Legal, University of Pennsylvania's Wharton School, Thomson Locations: Denver, Colorado, Washington , U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Neil Chilson, Jessica Melugin and Americus ReedNeil Chilson, former FTC chief technologist, Jessica Melugin, CEI Center for Technology and Innovation director, and Americus Reed, Wharton School of Business professor, join 'Last Call' to discuss the FTC's lawsuit against Amazon and its Prime enrollment practices.
Persons: Neil Chilson, Jessica Melugin, Americus Reed Neil Chilson Organizations: Americus, CEI Center for Technology, Innovation, Americus Reed, Wharton School of Business, Amazon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe FTC's case against Amazon is on 'somewhat shaky legal ground': Fmr. FTC Official Neil ChilsonNeil Chilson, former FTC chief technologist, Jessica Melugin, CEI Center for Technology and Innovation director, and Americus Reed, Wharton School of Business professor, join 'Last Call' to discuss the FTC's lawsuit against Amazon and its Prime enrollment practices.
Persons: Neil Chilson Neil Chilson, Jessica Melugin Organizations: Amazon, CEI Center for Technology, Innovation, Americus Reed, Wharton School of Business
A Wharton professor said employees are leveraging AI to increase their productivity at work. Companies should offer incentives to try and lure these workers out, the professor said. A Wharton professor has said companies should try to tempt employees to share how they're using AI to increase their personal productivity – rather than ban the tech and force them to hide it. He advised companies to try and lure these workers out, offering them incentives such as shorter days to share their discoveries. Mollick added that workers are already finding ways to get around bans on using AI at work, such as using their personal phones to access it.
Persons: Wharton, they're, Ethan Mollick, Mollick, Goldman Sachs Organizations: Companies, Morning, Wharton School, University of Pennsylvania, Employees, Goldman
Opinion | Creating a Path for More Black Economists
  + stars: | 2023-06-19 | by ( Peter Coy | ) www.nytimes.com   time to read: +3 min
“If this is what economics is teaching, who wants to be part of that?”Myers is an interesting person. Myers told me about the economists, both Black and white, who lent a hand to him and others early on. One was his father, Samuel L. Myers, a path breaker who earned a doctorate in economics from Harvard in 1949. “I’m happy and content that I’m unapologetically Black,” he said. He added: “The summer program is producing deep thinkers.”
Persons: , I’m, , ” Myers, Roy Wilkins, Wilkins, Myers, Samuel L, Marcus Alexis, Andrew Brimmer, Clifton Wharton, Phyllis Wallace, Bernard Anderson, Paul Samuelson, Robert Solow, Michael Piore, Richard Eckaus, Duncan Foley, Charles Kindleberger, Kindleberger “, Kindleberger, they’re Organizations: Morgan State University, Harvard, Caucus of Black, Federal, Michigan State University, Rockefeller Foundation, Yale, Wharton School, University of Pennsylvania, M.I.T Locations: Baltimore, Minnesota, American
The S&P 500 has pushed its way into a new bull market, but experts are torn over whether the rally can last. Though he previously predicted a 15% increase for the S&P 500, he's turned more bearish on the market as recession odds increase. Goldman SachsThe hype for AI is real and could lead the S&P 500 to climb higher this year, Goldman Sachs said. That could take the S&P 500 as much as 14% higher in the coming years, strategists said. The S&P 500 could end the year at 4,500, strategists predicted, implying around a 5% upside from current levels and a gain of about 17% for the full year.
Persons: , David Rosenberg, Rosenberg, That's, Steve Marcus, Jeremy Siegel, Siegel, he's, Bloomberg Mike Wilson, Morgan Stanley, Morgan, Mike Wilson, Wilson, Cindy Ord, Tom Lee, Fundstrat, Goldman Sachs Organizations: Service, New York Fed, Rosenberg Research, Wharton School, Bloomberg, Corporations, Getty, CNBC
The allegedly inflated numbers helped her sell her startup to JPMorgan Chase for $175 million. Classmates of Charlie Javice told Fortune they were shocked by allegations she defrauded JPMorgan Chase for $175 million – and one wondered why she didn't immediately flee the country. In January 2022, JPMorgan Chase realized that the subscriber numbers were inflated, and Javice was fired by the end of the year. If I sold a company to JPMorgan Chase, I would explain everything, everything [that] I expensed including that salad that I bought at Sweetgreen that one time. She is being charged with securities fraud, wire fraud, bank fraud, and conspiracy.
Persons: Charlie Javice, didn't, Fortune, Frank, , JPMorgan Chase, Javice Organizations: JPMorgan Chase, Morning, JPMorgan, Wharton School, University of Pennsylvania
The allegedly inflated numbers helped her sell her startup to JPMorgan Chase for $175 million. Classmates of Charlie Javice told Fortune they were shocked by allegations she defrauded JPMorgan Chase for $175 million – and one wondered why she didn't immediately flee the country. In January 2022, JPMorgan Chase realized that the subscriber numbers were inflated, and Javice was fired by the end of the year. If I sold a company to JPMorgan Chase, I would explain everything, everything [that] I expensed including that salad that I bought at Sweetgreen that one time. She is being charged with securities fraud, wire fraud, bank fraud, and conspiracy.
Persons: Charlie Javice, didn't, Fortune, Frank, , JPMorgan Chase, Javice Organizations: JPMorgan Chase, Morning, JPMorgan, Wharton School, University of Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed will shift focus from inflation to labor market, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus at the Wharton School and senior economist to WisdomTree, joins 'Halftime Report' to discuss market momentum in tech, the Fed's use of lagging indicators, and the probability of recession.
Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Wharton School
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