Institutional Investor (August 29)
“Ever since ChatGPT burst onto the scene last November…so-called “generative AI” has turned the markets on their heads.” Venture capitalists, “coming off the worst year in recent history,” have “redirected their dollars to AI upstarts. Meanwhile, the stock prices of the big tech names suspected to be the major beneficiaries of this often-called ‘revolutionary’ form of artificial intelligence have skyrocketed.” In 2023, “generative AI and machine learning start-ups raised about $39.4 billion.” The massive inflows are creating an ideal environment for fraudsters and critics “are starting to wonder whether the latest technology is really transformational or merely evolutionary.”
Tags: Big tech, ChatGPT, Critics, Evolutionary, Fraudsters, Generative AI, Machine learning, Markets, Revolutionary, Skyrocketed, Start-ups, Stock prices, Technology, Transformational, VC
New York Times (July 9)
“Japan’s longest-serving prime minister became perhaps the most transformational politician in the country’s post-World War II history,” even though he “never achieved his goal of revising Japan’s Constitution to transform his country into what the Japanese call a ‘normal nation,’ able to employ its military to back up its national interests like any other.”
Tags: Abe, Constitution, History, Japan, Longest-serving, Military, National interests, Normal nation, Politician, Prime minister, Revising, Transformational
