Mind Matters Natural and Artificial Intelligence News and Analysis

CategoryBusiness and Finance

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Overhead of colleagues having a marketing meeting in modern office. Above a busy workplace, coworkers brainstorm and develop strategies for a startup business, unity, planning and innovation at work

How to Build an AI Company: Advice from a Seasoned Entrepreneur

In the podcast, Copps emphasized the necessity of remaining flexible and open to change: “Don’t be married to your idea.”

Marks, the podcast host, added an essential perspective on networking, stressing the value of facing fears and engaging with influential figures.

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Silhouette people helping to connect jigsaw and puzzle to success

AI Entrepreneur Seeks To Empower Others Through Innovation

David Copps came back from split-brain surgery determined to use his entrepreneurial skills to empower others.

Copps flatlined for a moment during the surgery — done to relieve epilepsy — and that experience reinforced his belief that life has a greater purpose.

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Man choosing which hamburger to eat from fast food restaurant

A New McDonald’s PlayPlace Doesn’t Look Very Fun

A virtual playground doesn't offer kids genuine play

Hopefully the McDonald’s corporation will realize that the PlayPlace is a big part of what makes its restaurants so appealing.

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Robot Assembling Puzzle Pieces

Unequal Profits: Why AI Needs Successful Applications

Readers may be surprised to learn that these widely touted AI advances are not making their developers much money

In the short run this system is being propped up by the big tech players but for a stable future, it needs to be self-sustaining.

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Minimalist AI Icons: ChatGPT vs DeepSeek, Sleek Gradient Background, Futuristic Design, No Text

DeepSeek’s AI Model Shakes the Market

A wake-up call for U.S. tech

The new reality is one where efficiency, not just brute computing power, will dictate the future of artificial intelligence.

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Man working with stock market data.

Sloppy Science is a Statistical Sin

Evidence of sloppy science encourages readers to wonder if the entire research project is compromised

Journals should require authors to make their data available online before publication and encourage others to try to replicate the research they publish.

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Beautiful translucent soap bubble on dark background

Do High AI Startup Valuations Mean Great Success, or Desperation?

The answer is important but is not as clear as we might think. First, let's look at the background

Consider a recent news report: “Anthropic is in advanced talks to raise $2 billion in a deal that would value it at $60 billion, more than triple its valuation from a year ago” says the Wall Street Journal. Anthropic’s last venture capital (VC) funding round, less than two months ago, raised $2 billion, bringing its total funding to $9.6 billion. OpenAI had raised $6.6 billion, last October just a year after it raised $10 billion from Microsoft the previous year and just months after it also raised funds on the debt and secondary markets. So that $6.6 billion round was the largest VC funding round ever, a little larger than the $6 billion that Elon Musk’s generative AI startup, xAI, raised in 2023. Read More ›

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Translucent soap bubbles floating with natural green backdrop

The AI Bubble: Hype, Reality, and Consequences

In this week's podcast, Pomona College economics prof Gary Smith discusses with Robert J. Marks what generative AI is and isn't good for

AI can be a helpful tool when used appropriately but, he warns, the current AI boom mirrors past economic bubbles, driven by hype and inflated expectations.

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Bubbles

Another Warning That the AI Bubble Is Near Bursting…

AI analyst Gary Marcus: There is no principled solution to hallucinations in systems of this type

Maybe the reason there is no principled solution to AI hallucinations is that we cannot create artificial human minds.

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Cows at stable. Netherlands. Farming. Modern Dutch farm. Netherlands. Cows eating roughage. Cows eating silage. Feed gate. Cattle breeding.

NYT Column: Factory Farms Are Good for People and the Planet

Journalist Michael Grunwald points out that factory farming means fewer natural spaces are cleared for farmland than would otherwise be the case

Journalist Michael Grunwald points out that factory farming means fewer natural spaces are cleared for farmland than would otherwise be the case.

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A person uses touch screen technology in everyday life. AI Generated. Suitable for advertising.

Flashes of Genius: Hal Philipp’s Journey of Invention, Resilience

His groundbreaking work on optical sensors for automated doors and faucets laid the foundation for his career

Reflecting on his 100-hour workweeks and legal battles, he cautions against solo ventures without financial and legal backing.

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ATM machine in a dimly lit area with ambient lights and signage.

Debanking May Be More Common Than We Realize

Sometimes the motive seems political — unrelated to concerns about creditworthiness or suspicion about illegal activities

Last March, it came out that the US Treasury Department had sent a list of “hate groups” to major US banks; more recently, a number of crypto firms were hit.

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Manhole drain cover on streets of lower Manhattan

Microsoft: What Did You Need To Work There in the Early Days?

They asked questions that were not about the details of computer technology. The questions made you think. Hard.

For example. they would ask questions like, why are manhole covers round?

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Student child holding smartphone during control exam test at school and cheating on the exam

Chegged Out: How ChatGPT Schooled a Study Giant

AI has transformed how students approach both learning and cheating

AI is going to both create and destroy businesses. An interesting victim of AI is the academic assistance business. Academic dishonesty, the dark side of academic assistance, is a fancy term for cheating. With profit-motivated websites like Chegg.com, cheating became easier. When taking an exam, a student could take a photo of a difficult problem and send it to Chegg. In literally minutes, the student would be sent the answer over a cell phone. How do they do it? Often Chegg employs smart nerds from poor countries who, by local standards, are paid big bucks for their efforts. To use Chegg, a subscription is needed. But why include a human in the loop when AI can give you a quicker Read More ›

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Inferno Social media hype concept art poster.

AI Pessimists vs True Believers: A Deepening Divide

There is a growing divide about AI even among AI experts but many of them like polarizing content, just as the consumers of political information do

True believers don’t focus on short-term trends because they aren’t very positive. But short-term trends should be consistent with a long-term forecast.

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Terahertz and optical wireless communication towers in a futuristic city with softwaredefined networking control centers

COSM: Ethernet Inventor Asks, Are We Ready for New IT Technology?

Bob Metcalfe will talk about new technologies like electromagnetic waves from the “dead zone” of the spectrum that are slowly becoming economically viable

Metcalfe’s Law of IT growth begins with the fact that one fax machine — for example — is useless. Two help a bit but millions of them made a difference.

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Site of a train derailed accident

Is Open AI — and Chatbots in General — the Next Train Wreck?

Gary Marcus notes the string of head office departures and both he and Jeffrey Funk look at the history of hype, hope, and long AI winters

Not only isn’t there a huge commercial market for digital plagiarism by chatbots, they are attracting huge copyright lawsuits instead.

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High-tech assembly line in a factory manufacturing computer chips with robotic arms and precise processes

Carver Mead and the Computer That Couldn’t Possibly Work

Mead, who named Moore’s Law and played a key role in developing the computer chip will be honored at COSM November 1

Mead never saw technology research as a left-brained thing; for him, he says, it is a matter of love. It only sounds simple afterward.

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View of the surface of the moon.Elements of this image furnished by NASA

Is NASA a Spent Force in Space Exploration?

A government report implies it is, as private groups are moving into the space business and China is catching up quickly

What if a private craft is the first to discover extraterrestrial life? What laws apply?

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3D rendering of graphene surface, black atoms and bonds with carbon glossy structure, glossy surface

Renowned Chemist James Tour To Speak on New “Sci-Fi” Material

Tour is speaking at COSM 2024 on his work with graphene which, despite its astounding qualities, originates in pencil lead

As developers ponder how to produce graphene in large quantities, trend watchers wonder whether Silicon Valley will one day be Graphene Valley.

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