start-ups
In the AI gold rush, tech firms are embracing 72-hour weeks
The recruitment website is jazzy, awash with pictures of happy young workers, and festooned with upbeat mini-slogans such as insane speed, infinite curiosity and customer obsession. Read a bit lower, and there are promises of perks galore: competitive compensation, free meals, free gym membership, free health and dental care and so on. But then comes the catch. Each job ad contains a warning: Please don't join if you're not excited about working ~70 hrs/week in person with some of the most ambitious people in NYC. The website belongs to Rilla, a New York-based tech business which sells AI-based systems that allow employers to monitor sales representatives when they are out and about, interacting with clients. The company has become something of a poster child for a fast-paced workplace culture known as 996, also sometimes referred to as hustle culture or grindcore.
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Silicon Valley Braces for Chaos
On a Wednesday morning last month, I thought, just for a second, that AI was going to kill me. I had hailed a self-driving Waymo to bring me to a hacker house in Nob Hill, San Francisco. Just a few blocks from arrival, the car lurched toward the other lane--which was, thankfully, empty--and immediately jerked back. That sense of peril felt right for the moment. As I stepped into the cab, Federal Reserve Chair Jerome Powell was delivering a speech criticizing President Donald Trump's economic policies, and in particular the administration's sweeping on-again, off-again tariffs. A day earlier, the White House had claimed that Chinese goods would be subject to overall levies as high as 245 percent when accounting for preexisting tariffs, and the AI giant Nvidia's stock had plummeted after the company reported that it expected to take a quarterly hit of more than 5 billion for selling to China.
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- Information Technology > Artificial Intelligence > Machine Learning > Neural Networks > Deep Learning (0.50)
- Information Technology > Artificial Intelligence > Robots (0.49)
- Information Technology > Artificial Intelligence > Natural Language > Large Language Model (0.49)
- Information Technology > Artificial Intelligence > Natural Language > Chatbot (0.31)
The Gen Z Lifestyle Subsidy
Finals season looks different this year. Across college campuses, students are slogging their way through exams with all-nighters and lots of caffeine, just as they always have. Through the end of May, OpenAI is offering students two months of free access to ChatGPT Plus, which normally costs 20 a month. It's a compelling deal for students who want help cramming--or cheating--their way through finals: Rather than firing up the free version of ChatGPT to outsource essay writing or work through a practice chemistry exam, students are now able to access the company's most advanced models, as well as its "deep research" tool, which can quickly synthesize hundreds of digital sources into analytical reports. The OpenAI deal is just one of many such AI promotions going around campuses.
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- Information Technology > Artificial Intelligence > Machine Learning > Neural Networks > Deep Learning > Generative AI (0.51)
Business and Regulatory Responses to Artificial Intelligence: Dynamic Regulation, Innovation Ecosystems and the Strategic Management of Disruptive Technology
Fenwick, Mark, Vermeulen, Erik P. M., Compagnucci, Marcelo Corrales
Identifying and then implementing an effective response to disruptive new AI technologies is enormously challenging for any business looking to integrate AI into their operations, as well as regulators looking to leverage AI-related innovation as a mechanism for achieving regional economic growth. These business and regulatory challenges are particularly significant given the broad reach of AI, as well as the multiple uncertainties surrounding such technologies and their future development and effects. This article identifies two promising strategies for meeting the AI challenge, focusing on the example of Fintech. First, dynamic regulation, in the form of regulatory sandboxes and other regulatory approaches that aim to provide a space for responsible AI-related innovation. An empirical study provides preliminary evidence to suggest that jurisdictions that adopt a more proactive approach to Fintech regulation can attract greater investment. The second strategy relates to so-called innovation ecosystems. It is argued that such ecosystems are most effective when they afford opportunities for creative partnerships between well-established corporations and AI-focused startups and that this aspect of a successful innovation ecosystem is often overlooked in the existing discussion. The article suggests that these two strategies are interconnected, in that greater investment is an important element in both fostering and signaling a well-functioning innovation ecosystem and that a well-functioning ecosystem will, in turn, attract more funding. The resulting synergies between these strategies can, therefore, provide a jurisdiction with a competitive edge in becoming a regional hub for AI-related activity.
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- Information Technology > Artificial Intelligence > Natural Language > Chatbot (0.46)
AI Can't Make Music
The first concert I bought tickets to after the pandemic subsided was a performance of the British singer-songwriter Birdy, held last April in Belgium. I've listened to Birdy more than to any other artist; her voice has pulled me through the hardest and happiest stretches of my life. I know every lyric to nearly every song in her discography, but that night Birdy's voice had the same effect as the first time I'd listened to her, through beat-up headphones connected to an iPod over a decade ago--a physical shudder, as if a hand had reached across time and grazed me, somehow, just beneath the skin. Countless people around the world have their own version of this ineffable connection, with Taylor Swift, perhaps, or the Beatles, Bob Marley, or Metallica. My feelings about Birdy's music were powerful enough to propel me across the Atlantic, just as tens of thousands of people flocked to the Sphere to see Phish earlier this year, or some 400,000 went to Woodstock in 1969.
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Elon Musk Just Added a Wrinkle to the AI Race
Yesterday afternoon, Elon Musk fired the latest shot in his feud with OpenAI: His new AI venture, xAI, now allows anyone to download and use the computer code for its flagship software. No fees, no restrictions, just Grok, a large language model that Musk has positioned against OpenAI's GPT-4, the model powering the most advanced version of ChatGPT. Sharing Grok's code is a thinly veiled provocation. Musk was one of OpenAI's original backers. He left in 2018 and recently sued for breach of contract, arguing that the start-up and its CEO, Sam Altman, have betrayed the organization's founding principles in pursuit of profit, transforming a utopian vision of technology that "benefits all of humanity" into yet another opaque corporation.
- Information Technology > Artificial Intelligence > Natural Language > Large Language Model (1.00)
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- Information Technology > Artificial Intelligence > Machine Learning > Neural Networks > Deep Learning > Generative AI (0.85)
AI takes centre stage as Web Summit kicks off in Qatar
Doha, Qatar – Under blocks of flashing lights, entrepreneurs, investors and business leaders converged in central Doha on Monday as Web Summit, one of the world's biggest tech conferences, opened in Qatar's capital. The event, held in the Middle East for the first time, brings together participants from dozens of countries who, over four days, will be hoping to establish new connections, share insights and secure funds. Kicking off proceedings, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced that the Gulf state's sovereign wealth fund would invest more than 1bn in international and regional venture capital funds. Dubbed "Fund of Funds", the programme aims to foster innovation by attracting top international venture capital funds and entrepreneurs both to Qatar and the wider Gulf region. The commitment to boost the start-up sector builds on Qatar's aspiration to be a regional IT hub.
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There Was Never Such a Thing as 'Open' AI
At the turn of the century, when the modern web was just emerging and Microsoft was king, a small but growing technology movement posed an existential threat to the company. Steve Ballmer, Microsoft's CEO at the time, called one of its core elements "a cancer that attaches itself" to "everything it touches." The disease was a competing operating system, Linux, and the open-source software it represented: programs that were free for anyone to download, modify, and use, in contrast to expensive, proprietary software such as Microsoft Windows and Office. Open-source software did eventually attach itself to much of the internet--Mozilla Firefox, the Android operating system, and Wikipedia are all "open" projects--but the tech industry managed to turn the egalitarian philosophy into a business opportunity. Trillion-dollar companies use free open-source software to build or enhance their own products.
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Sam Altman's been fired before. The polarizing past of OpenAI's reinstated CEO.
Though a revered tactician and chooser of promising start-ups, Altman had developed a reputation for favoring personal priorities over official duties and for an absenteeism that rankled his peers and some of the start-ups he was supposed to nurture, said two of the people, as well as an additional person, all of whom spoke on the condition of anonymity to candidly describe private deliberations. The largest of those priorities was his intense focus on growing OpenAI, which he saw as his life's mission, one person said.
- Information Technology > Artificial Intelligence > Natural Language > Large Language Model (0.71)
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- Information Technology > Artificial Intelligence > Machine Learning > Neural Networks > Deep Learning > Generative AI (0.71)
The Future of AI Is GOMA
Just about everything you do on the internet is filtered through a handful of tech companies. Google is synonymous with search, Amazon with shopping; much of that happens on phones made by Apple. You might not always know when you're interacting with the tech giants. Google and Meta alone capture something like half of online ad revenue in the United States. Movies, music, workplace software, and government benefits are all hosted on Big Tech's data servers.
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