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The Force Multiplier

Tech Letter

Is artificial intelligence already on the ropes?

Tesla CEO Elon Musk and a group of artificial intelligence experts have called for a six-month freeze of developing systems that are more powerful versions than the just-released OpenAI GPT-4 system.

GPT-4 quickly impressed early users and has achieved remarkable gains in the short term.

With its ability to simplify coding, rapidly create a website from a simple sketch, and pass exams with high marks takes fractions of a second.

In an open letter, Musk and the experts point to potential risks for society and humanity as a whole.

This would be significantly detrimental to Microsoft’s stock if the development of AI is halted.

No doubt that part of this is Elon Musk not satisfied that his $100 million donation to this “nonprofit” has been parlayed into a Microsoft for-profit smash-and-grab takeover of the asset.

Malfunctioning AI is something that would be a horror story for everyone on the planet.

The creator of OpenAI Sam Altman has also expressed concern about the societal backlash and volume of misinformation that could become one of those nasty unintended side effects.

Some other disruptions include both economic and political disruptions, and researchers are asking developers to work with regulators to create standards for AI development and integration.

Among the names behind the letter are those of Stability AI CEO Emad Mostake and researchers at Alphabet-owned DeepMind.

The letter comes two days after Europol joined organizations that share ethical and legal concerns about the widespread use of advanced artificial intelligence such as ChatGPT and warn of possible misuse of the system in phishing attempts, disinformation, and cybercrime.

Since its launch last year, ChatGPT has taken the world by storm and has accelerated the development of large-scale language models and companies to integrate generative AI models into their products.

This logically caused a wave of negative comments in addition to positive comments, as a significant part of the scientific community believes that this technology is not yet ready for such widespread use.

Artificial intelligence can cause serious damage, and the big players are increasingly more secretive about what they're doing. That makes it harder to protect the public from any harm that may ever manifest itself.

This news is on the heels of investment bank Goldman Sachs forecasting that as many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence.

They predicted in a recent report that 18% of work globally could be computerized, with the effects felt more deeply in advanced economies than emerging markets.

Fighting the richest man in the world has its drawbacks.

ChatGPT has already destroyed the meaning of going to university for most of the students out there.

Generative AI is the force multiplier that tech has waited for and delaying it with the potential of stopping it would hurt tech shares and put a cap on future returns.

This battle could be the one that defines humanity and is definitely the fight that will define tech market valuations 5 or 10 years from now.

If this technology gets stopped, there is no other force multiplier in the works that could replace something as powerful as this generative artificial intelligence.

 

AI

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https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-03-29 15:02:032023-04-02 02:33:16The Force Multiplier
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