Group items tagged

"Analyst Brian Nowak estimates that the AI technology will have a $4.1 trillion economic effect on the labor force - or affect about 44% of labor - over the next few years by changing input costs, automating tasks and shifting the ways companies obtain, process and analyze information. Today, Morgan Stanley pegs the AI effect at $2.1 trillion, affecting 25% of labor. "We see generative AI expanding the scope of business processes that can be automated," he wrote in a Sunday note. "At the same time, the input costs supporting GenAI functionality are rapidly falling, enabling a strongly expansionary impact to software production. As a result, Generative AI is set to impact the labor markets, expand the enterprise software TAM, and drive incremental spend for Public Cloud services.""

"The folks at Signal are taking one of the four post-quantum cryptography algorithms that have been chosen by the US National Institute of Standards and Technology to withstand attacks by quantum computers, but instead of using it to replace their existing public-key encryption system, they are layering the new algorithm on top of what they already have. "We are augmenting our existing cryptosystems," they say, "such that an attacker must break both systems in order to compute the keys protecting people's communications." And they will be rolling out this augmented system to all users in the next few months."

"ChatGPT Heralds an Intellectual Revolution Generative artificial intelligence presents a philosophical and practical challenge on a scale not experienced since the start of the Enlightenment."

"This new paper asked professionals to write realistic memos, strategy documents and policies. The ones who were given ChatGPT completed tasks 37% faster, and their average writing quality increased as well. All of this is without added training or extensive experience using ChatGPT (which I found makes a huge difference)."

"The economist Oren Cass has a compelling answer for these concerns. He says they suffer from bias: the idea that this technological revolution is somehow unique, when we have lived through many epochs of innovation and upheaval. They also overestimate the pace of change (robots are a long way off from competing with humans in many areas) and assume that new kinds of jobs will not be created in the process."