Group items matching

in title, tags, annotations or url

"Is AI going to take all of our jobs? The economy is always in a state of flux. In the 1800s, 80% of the labor force worked on farms; today it's 2%, but we don't have 78% unemployment. Entirely new industries may continue to spring up and offer new employment opportunities. Ironically, "smart manufacturing," which is partly AI, is touted by politicians on the right and on the left as critical to saving American manufacturing jobs. If AI makes businesses more efficient, contributing to growth of the economy, there will be more money to invest in new ventures. There are probably going to be entirely new sectors of the economy in 100 years that we can't even imagine right now. It's possible that total employment will fall, but economic growth will continue as we're able to produce more with less."

"Nemitz identifies four bases of digital power which create and then reinforce its unhealthy concentration in too few hands: lots of money, which means influence; control of "infrastructures of public discourse"; collection of personal data and profiling of people; and domination of investment in AI, most of it a "black box" not open to public scrutiny. The key question is which of the challenges of AI "can be safely and with good conscience left to ethics" and which need law. Nemitz sees much that needs law."

"The bitcoin blockchain was created, in part, to address this historical weakness. After the 21 millionth bitcoin is mined, in around 2140, the system will produce no more."

"More and more independent thinkers are realizing that when being an employee is the equivalent to putting all your money into one stock - a better strategy is to diversify your portfolio. So you're seeing a lot more people looking to diversify their career." Faith Popcorn, a futurist, echoes the idea that we will all have to become as agile as possible and "have many forms of talent and work that you can provide the economy".

"The single biggest known British political advertiser on Facebook is a mysterious pro-Brexit campaign group pushing for a no-deal exit from the EU. The revelation about Britain's Future, which has never disclosed the source of its funding or organisational structure, has raised concerns about the influence of "dark money" in British politics."

"The mapping information could ostensibly tell third-parties when the owners are most often home, the shape of rooms, the size of houses, and even the frequency of cleanings. Gizmodo imagines that a room's shape could be valuable to Amazon as information on the acoustics of a room containing an Alexa device, informing both volume and directional settings so that its broadcasting and microphone can work properly. "

"But unbeknown to Real G and hundreds of criminals who until this week believed that ANOM was the best way to arrange drug deals, money laundering and murders away from the eyes of authorities, the FBI was also secretly copied in on every message. Indeed, in one of the most elaborate and sprawling honeypot traps known to date, the entire communications platform was being covertly operated by the FBI, marking a first for the agency."

"What if this isn't just a one-off case of a popular professor dying. With so many classes online, why wouldn't universities just lay off any professor with a body of recorded lectures? We already know that tenure is harder to achieve every year, and schools are relying more and more on adjunct professors who teach a couple of classes on yearly contracts with no benefits. This scheme could save schools even more money! Of course, tuition will remain the same. One prof in the Twitter thread saw this possibility already."

"What the apps have done, instead of competing to serve customers and restaurants, is use Wall Street money to accumulate market power, raise barriers to entry, and then merge with each other and set up regional monopolies.The people who have invested tens of billions of dollars in the four dominant delivery apps tolerate huge short-term losses purely because they see the likelihood of monopoly power"

"Before Covid-19, many of us thought remote working sounded blissful. Now, employees across the world long for chats by the coffee machine and the whirr of printers"

"Some ideas include building mechanisms into devices or platforms that cause them to shut down automatically after two hours, or nudges that make it more difficult to keep spending money in an app. The problem is that tech companies are ruled by a profit model built on capturing more of our attention to sell to advertisers. Designing platforms so they limit the amount of time we spend on social media runs counter to this model."

"In each case, biometric data has been harnessed to try to save time and money. But the growing use of our bodies to unlock areas of the public and private sphere has raised questions about everything from privacy to data security and racial bias."

"He quit the same way he'd been given the job: through a WhatsApp message. He had neither a contract nor any documents regulating his employment. For Felipe, the plan to make a little quick money became a hellish experience. With TikTok's short-form video format, much of the audio that needed transcription was only a few seconds long. The payment, made in U.S. dollars, was supposed to be $14 for every hour of audio transcribed. Amassing the secondslong clips into an hour of transcribed audio took Felipe about 20 hours. That worked out to only about 70 cents per hour - or 3.85 Brazilian reals, about three-quarters of Brazil's minimum wage."

"Why? Because it has an internal app store that puts its young player base to work making virtual stuff and selling it for scrip or peanuts while the company pockets the profits. It even promotes the far-right personalities and groups using it to recruit. It is a ruthless money machine that embodies the perverse incentives of social media, aimed directly at children and operated by amoral reptiles."

"But the uniqueness of TSMC and its location on an island that the Chinese regime regards as part of the mainland is giving rise to strategic panic. Both the US and the EU are racing to try to ensure that they have 2nm chip-fabrication capability within their respective jurisdictions. The problem is that one cannot conjure up such capacity just by throwing money at it. TSMC itself has built a fabrication plant in Arizona. But in his speech marking the ceremonial opening of the facility last December, Morris Chang, the firm's founder, said that it could not find enough qualified American workers to run it. It was sending every new American recruit to Taiwan for 18 months of training and was even importing engineers from Taiwan to make the Arizona plant operational. Hopefully it will all be up and running before Xi decides to "do a Putin" and we will no longer to be able to have chips with everything."

"To arrive at a recommended rent, the software deploys an algorithm - a set of mathematical rules - to analyze a trove of data RealPage gathers from clients, including private information on what nearby competitors charge. For tenants, the system upends the practice of negotiating with apartment building staff. RealPage discourages bargaining with renters and has even recommended that landlords in some cases accept a lower occupancy rate in order to raise rents and make more money. One of the algorithm's developers told ProPublica that leasing agents had "too much empathy" compared to computer generated pricing."

"It comes as a Guardian investigation reveals the human stories behind scams that originate on Meta's platforms, with a nationwide estimate released this week predicting the tech firm's failure to stamp out fraud will cost UK households £250m during 2023. With someone in the UK said to fall victim to a purchase scam starting on either Facebook or Instagram every seven minutes, the Guardian asked people who had been defrauded on these sites as well as its WhatsApp platform to get in touch. One Facebook user told us she was defrauded of her life savings and got pulled into debt, losing a total of £70,000, after being duped by an investment scam. While some people lost large amounts of money, a stream of unsuspecting online shoppers reported being conned out of smaller amounts when they placed orders with bogus online shops advertised on Facebook and Instagram."

"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. "