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"Generative artificial-intelligence tools are unproven and expensive to operate, requiring muscular servers with expensive chips that consume lots of power. Microsoft MSFT -0.43%decrease; red down pointing triangle , Google, Adobe and other tech companies investing in AI are experimenting with an array of tactics to make, market and charge for it. Microsoft has lost money on one of its first generative AI products, said a person with knowledge of the figures. It and Google are now launching AI-backed upgrades to their software with higher price tags. Zoom Video Communications ZM 1.79%increase; green up pointing triangle has tried to mitigate costs by sometimes using a simpler AI it developed in-house. Adobe and others are putting caps on monthly usage and charging based on consumption. "A lot of the customers I've talked to are unhappy about the cost that they are seeing for running some of these models," said Adam Selipsky, the chief executive of Amazon.com's cloud division, Amazon Web Services, speaking of the industry broadly. "

"The January snow lay thick on the Moscow ground, as masked officers of the FSB - Russia's fearsome security agency - prepared to smash down the doors at one of 25 addresses they would raid that day. Their target was REvil, a shadowy conclave of hackers that claimed to have stolen more than $100m (£74m) a year through "ransomware" attacks, before suddenly disappearing. As group members were led away in cuffs, FSB officers gathered crypto-wallets containing untold volumes of digital currency such as bitcoin. Others used money-counting machines to tot up dozens of stacks of hundred dollar bills."

"The premise of the commercial is that Progressive can't prevent us from becoming our parents but can save us money on insurance. In the commercial there was a scene where we're told, "we don't need to print the Internet." The commercial made me chuckle and it inspired this blog post. "

"Caroline, the 28-year-old behind a popular TikTok account where she posts satirical skits, found herself dropping the comedic tone when the child of a family vlogger sent her a letter and asked Caroline to share it with her 2.3 million followers. "To any parents that are considering starting a family vlog or monetizing your children's lives on the public internet, here is my advice: you shouldn't do it," the letter read. "Any money you get will be greatly overshadowed by years of suffering… your child will never be normal… I never consented to being online.""

Just because you find your data boring yourself, this does not have to be true for everyone else. Data is worth a lot in the right hands and nothing in the wrong ones. Money is worth the same to everyone, data varies in value depending on whether the person who has it is able to merge, match, cluster, compare it.

"Do the potential paying customers for these large models add up to enough money to keep the servers on? That's the 13 trillion dollar question, and the answer is the difference between WorldCom and Enron, or dotcoms and cryptocurrency. Though I don't have a certain answer to this question, I am skeptical. AI decision support is potentially valuable to practitioners. Accountants might value an AI tool's ability to draft a tax return. Radiologists might value the AI's guess about whether an X-ray suggests a cancerous mass. But with AIs' tendency to "hallucinate" and confabulate, there's an increasing recognition that these AI judgments require a "human in the loop" to carefully review their judgments. In other words, an AI-supported radiologist should spend exactly the same amount of time considering your X-ray, and then see if the AI agrees with their judgment, and, if not, they should take a closer look. AI should make radiology more expensive, in order to make it more accurate. But that's not the AI business model. AI pitchmen are explicit on this score: The purpose of AI, the source of its value, is its capacity to increase productivity, which is to say, it should allow workers to do more, which will allow their bosses to fire some of them, or get each one to do more work in the same time, or both. The entire investor case for AI is "companies will buy our products so they can do more with less." It's not "business custom­ers will buy our products so their products will cost more to make, but will be of higher quality.""

""Elderly Chinese still often prefer to pay with cash and some struggle with using mobile payments." Less than a year ago, state media was lauding China's trajectory towards becoming the world's top country for cashless transactions. Xinhua reported cash had dropped to just 3.7% of the total money in circulation. But in recent months China's government has appeared to push back, with numerous announcements about "streamlining" payment systems for visitors and elderly people."

"Instagram has been used to promote sexual violence and exploitation by people advertising themselves as "pimps", a Guardian investigation has found. For the past year, the Guardian has been tracking Instagram accounts hosting content that advocates such activity as well as those that encourage violence against the women under the control of a pimp - someone who makes money from selling others for sex. The accounts identified often use hashtags as well as code phrases commonly associated with sex work to make it easier for buyers to locate them."

"In the short term, generative AI will replace a lot of people because productivity increases while demand stays the same due to inertia. In the long term, the creation of new jobs compensates for the loss of old ones, resulting in a net positive outcome for humans who leave behind jobs no one wants to do. The most important aspect of any technological revolution is the transition from before to after. Timing and location matters: older people have a harder time reinventing themselves into a new trade or craft. Poor people and poor countries have less margin to react to a wave of unemployment. Digital automation is quicker and more aggressive than physical automation because it bypasses logistical constraints-while ChatGPT can be infinitely cloned, a metallic robot cannot. Writing and painting won't die because people care about the human factor first and foremost; there are already a lot of books we can't possibly read in one lifetime so we select them as a function of who's the author. Even if you hate OpenAI and ChatGPT for being responsible for the lack of job postings, I recommend you ally with them for now; learn to use ChatGPT before it's too late to keep your options open. Companies are choosing to reduce costs over increasing output because the sectors where generative AI is useful can't artificially increase demand in parallel to productivity. (Who needs more online content?) Our generation is reasonably angry at generative AI and will bravely fight it. Still, our offspring-and theirs-will be grateful for a transformed world whose painful transformation they didn't have to endure. Certifiable human-made creative output will reduce its quantity but multiply its value in the next years because demand specific for it will grow; automation can mimic 99% of what we do but never reaches 100%. The maxim "AI won't take your job, a person using AI will; yes, you using AI will replace yourself not using it" applies more in the long term than the

"Beth Hyland thought she had met the love of her life on Tinder.  In reality, the Michigan-based administrative assistant had been manipulated by an online scam artist who posed as a French man named 'Richard', used deepfake video on Skype calls and posted photos of another man to pull off his con. A 'deepfake' is manipulated video or audio made using artificial intelligence (AI) to look and sound real. They are often difficult to detect without specialised tools. In a matter of months, Hyland, 53, had taken out loans totalling $26,000, sent 'Richard' the money, and fallen prey to a classic case of romance baiting or pig butchering, named for the exploitative way in which scammers cultivate their victims."

"This person or group, who go by the names BestBuy and Popopret, recently spammed an ad to folks on Jabber, an instant messaging service. They offered to perform a distributed denial of service (DDoS) attack on whomever their client(s) wanted, and they backed up their offer by claiming to wield the ability to perform some of the strongest DDoS attacks ever seen. Recent events in the history of the internet show us that these kind of attacks - if these hackers indeed have the power they claim - can wreak internet havoc by blocking user access to a range of some of the web's most popular destinations."

"If the eCNY is successful, it will give the central bank new powers, including novel types of monetary policy to help the economy grow. In one possibility that economists have discussed, a central bank could program its digital currency to slowly lose value so that consumers are encouraged to spend it immediately."

"A study last year of 3.1 million workers in North America, Europe and the Middle East found "significant and durable increases" in both the average number of emails sent internally, and the number of recipients. By measuring the time between the first and last emails sent (or meetings attended) in a 24-hour period, the researchers concluded that, since the pandemic, the average workday had extended by 48.5 minutes."

""The social engineering type of attack does not tend to scale [up] easily given the time and effort required to succeed, and therefore is more often than not used by individuals rather than the 'call centre' approach of criminal enterprises," Goddard says. "The trigger to target an individual could be targeted, or opportunistic such as overhearing a conversation or getting access to sensitive or exploitable information like a picture or bank statement.""

"Shoppers are being deceived because social media platforms and messaging apps are not doing enough to prevent a "cottage industry of fraudsters" soliciting fake reviews, according to Amazon. Fake reviews have become one of the most persistent scourges of online retailers, and some analysts think that about one in seven reviews in the UK are not the real deal, with blame often directed at groups that proliferate on Facebook. Last year Amazon alone blocked 200m fake reviews. Dharmesh Mehta, head of the company's customer trust team, said this avalanche of misinformation was harming consumers, who were being "deceived about what products they should or shouldn't be buying"."

"Employees use Hubstaff, one of the myriad monitoring tools that companies turned to as the Covid pandemic forced many to work remotely. Some, such as CleverControl and FlexiSPY offer webcam monitoring and audio recording. Mae says she often has dry eyes and a sore head at the end of the working day. "Tracking doesn't allow for thinking time or stepping away and coming back to work - it's very intense.""

"Carolan, who is 18 and has just completed an art foundation course in Cardiff, decided architecture would be a safer path to follow. "It feels like it will be a more secure degree. Lots of psychology goes into architecture," he says. "You need to understand the core of what you're doing." He is doubtful that images made by artificial intelligence will replace the art exhibited in galleries, but he worries that commercial projects previously requiring a team of artists may in the future need only one to work with AI and neaten up the final product. "The options will probably get limited as time goes on. Personally, I'd find it a bit depressing if there wasn't a human element, but whether or not we'd notice I'm not sure. I always thought things like art would be one of the last things robots would be able to do.""