Futurism (September 14)
AI hallucinations are “a major problem plaguing the entire industry, greatly undercutting the usefulness of the tech.” The problem appears to be “getting worse as AI models get more capable.” Some experts argue there is no way around the problem as “hallucinations are intrinsic to the tech itself” and that large language models (LLMs) have hit their limits. However, OpenAI believes it has stumbled on the problem and a relatively easy fix. Its researchers posit that LLMs “hallucinate because when they’re being created, they’re incentivized to guess rather than admit they simply don’t know the answer,” as conventional scoring is binary, which rewards correct guesses and penalizes honest admissions of uncertainty. Instead, they believe you can “penalize confident errors more than you penalize uncertainty, and give partial credit for appropriate expressions of uncertainty.”
Tags: AI, AI models, Binary, Capable, Conventional, Experts, Guess, Hallucinations, Incentivized, Intrinsic, LLMs, Researchers, Rewards, Scoring, Tech, Undercutting, Usefulness
San Jose Mercury News (October 4)
“Throughout the Bay Area, companies both large and small are struggling to refill their ranks after last year’s business shutdowns drove laid-off workers to seek pandemic unemployment assistance to find new jobs in other industries. But as bigger companies offer increasingly generous rewards, smaller companies with leaner budgets are struggling to compete in a worker-driven market.”
Tags: Bay Area, Bigger, Budgets, Companies, Generous, Laid-off, Pandemic, Refill, Rewards, Shutdowns, Smaller, Struggling, Unemployment, Workers
Chicago Tribune (September 13)
Chicago “like other major cities around the world, is a global city, a hub in the global economy, and that economy is on the ropes.” But “globalization is no unalloyed blessing.” Some would rather say goodbye to this “powerful economic force that richly rewards some and impoverishes others.” We can’t. “For better or worse, the global economy is the only economy we’ve got. Like the industrial economy before it, it is flawed, often cruel, but it pays the bills. If Chicago is to mend its divisions, it will have to do it with the money it reaps from its status as a global city.”
Tags: Chicago, Cruel, Economic force, Flawed, Global economy, Globalization, Impoverishes, Industrial economy, Major cities, Powerful, Rewards
Investment Week (April 27)
The European Union’s Packaged Retail and Insurance-based Investment Products (PRIIPS) regulation “is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID).” However, Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA) “has expressed he is ‘concerned’ about the new PRIIPS legislation, highlighting literature requirements ‘are not providing useful context’ while there is evidence it is causing US funds to withdraw from Europe.”
Tags: Bailey, Context, Costs, EU, FCA, KID, PRIIPS, Regulation, Retail investors, Rewards, Risks, US funds, Useful
USA Today (October 7) USA Today (October 7)
“There are two Americas, all right. There’s one that works — where new and creative things happen, where mistakes are corrected, and where excellence is rewarded. Then there’s Washington, where everything is pretty much the opposite.”“There are two Americas, all right. There’s one that works — where new and creative things happen, where mistakes are corrected, and where excellence is rewarded. Then there’s Washington, where everything is pretty much the opposite.”
Tags: Corrected, Creative, Excellence, Mistakes, Rewards, U.S., Washington
