Mind Matters Natural and Artificial Intelligence News and Analysis

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OpenAI CEO: Yes, AI Will Take Jobs Away

Technology has historically replaced human workers only to add new jobs. Is AI any different?

Sam Altman, the CEO of the AI company OpenAI, which was responsible for developing the Large Language Model ChatGPT, said in an interview with The Atlantic that AI will definitely be taking some jobs away, striking a blow to some AI optimists who claim that this won’t be the case. According to Business Insider, “A lot of people working on AI pretend that it’s only going to be good; it’s only going to be a supplement; no one is ever going to be replaced,” he said. “Jobs are definitely going to go away, full stop.” –ChatGPT Creator Sam Altman Says ‘Jobs Are Definitely Going to Go Away’ (businessinsider.com) While certain jobs might go the wayside, it’s possible AI could introduce Read More ›

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Vintage Bank Sign

Why Did the Tech Bubble Correspond with Low Interest Rates?

Ultimately, our economy’s deeper problems aren’t so much a result of “money” as they are bad allocations of resources.

For context, read Bartlett’s article explaining the fall of SVB here. I wanted to make a quick note about why tech bubbles tend to correspond with low interest rate environments. Interest rates essentially dictate how long someone can wait before they need to produce something of real value. In a 20% interest rate environment, it will be evident really quickly if you are failing to produce something of value. Since essentially 1/5 of your capital disappears each year, if you aren’t doing something that will generate real profits quickly, you are sunk. You can’t paper over problems with more borrowing because the cost of that borrowing is so high. Additionally, in such an environment, the payoffs for investment need to be large Read More ›

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Electric Cars at COSM 2022

Are Electric Cars Really the Future?

Panelists at the 2022 COSM conference discuss the pros and cons of electric vehicles

On November 10th, the COSM conference hosted a special panel on electric vehicles (EVs for short). Brian Mistele, founder and CEO of Inrix, a leading provider of traffic information, car services, and transportation analytics, moderated the discussion. Aside from Mistele, the panel included Howard Hayden, professor emeritus at the University of Connecticut and editor of The Energy Advocate, Walter Myers, Principal Manager on Azure, Microsoft’s cloud-based platform, and Tony Posawatz, an automotive industry pioneer and chief executive of Fisker Automotive. They brought a range of perspectives on the pros and cons of EVs and where the auto industry is heading. Posawatz kicked off the panel by giving a brief overview of automobile history. He said, There was electric and folks Read More ›

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bitcoin wallet and currency

George Gilder on Blockchain and Carbon Computing

George Gilder and Robert J. Marks discuss blockchain, Bitcoin, quantum and carbon computing, and George Gilder’s new book Gaming AI: Why AI Can’t Think but Can Transform Jobs (which you can get for free here). Show Notes 00:26 | Introducing George Gilder 01:00 | Blockchain 07:57 | Facial recognition 10:30 | Bitcoin 15:04 | Quantum computing 18:16 | Carbon computing Read More ›

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Bingecast: Yuval Harari’s Silly Dystopian Ideas

Will infotech and biotech erode human agency, subvert human desires, and render free-market economics obsolete?  At first glance, there looks to be a wide gap between the future of AI and the destruction of democracy. Some futurists claim to have jumped that chasm. In a cheery little column published by the Atlantic, Yuval Noah Harari posits AI will ultimately destroy Read More ›