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Investors Slash AI Valuations Globally

2h

Investors and analysts grew increasingly skeptical about AI's economic promise, cutting valuations and questioning profitability and investment robustness, spurring market weakness and rising public unease.

Reposted by: Greg Linden, Michael D. McDonald, Jason Lyall , and 1 more

29%
carlquintanilla.bsky.social
NVIDIA and OpenAi:

Concerns that their “increasingly complex and interconnected web of business transactions is artificially propping up the trillion-dollar AI boom.“

@bloomberg.com $NVDA 👀
www.bloomberg.com/news/feature...
100 440 1.3K

by Justin Wolfers

64%
justinwolfers.bsky.social
I sat down for a nice long chat on the Nick Standlea Show
about the economics of AI: How it's changing our labor market, who it's going to help and hurt, how policy can help, and what each of us can do to stay relevant.

Posted to my (fledgling) youtube channel here:
www.youtube.com/watch?v=oful...
The AI Revolution Is an Ownership Problem, Not a Tech Problem — Economist Justin Wolfers
YouTube video by The Nick Standlea Show
www.youtube.com
10 53 190

by Robert B. Reich

25%
rbreich.bsky.social
When you hear about Big Tech companies lobbying the federal government to stifle AI regulation in the states, this is one reason why.
moreperfectunion.bsky.social
More Perfect Union @moreperfectunion.bsky.social · 13h
California has now banned algorithmic price fixing.

The state has outlawed the practice of landlords colluding to raise prices using rental software and AI.

This is a huge victory for renters in the biggest state in the country.
12 330 1.2K

Reposted by: Greg Linden

17%
waldo.net
To the extent to which big consulting firms don't feel threatened by AI, it's because they understand that a big part of their job is merely decision-laundering. A big organization wants to do a thing, and they need somebody to blame in case that thing goes wrong? Time to bring on a big consultant!
3 7 25

by Suzanne L. Wenzel

9%
The Washington Post
Stethoscopes in the Sand: Why I’m Rethinking AI’s Role in Medicine

If used correctly, the technology could achieve what traditional reforms could not.

Reposts 2 14h

by Justin Wolfers

64%

by David J. Berri

41%
wagesofwins.bsky.social
The AI sports ads are teaching people how to find spurious correlations.

Not so much artificial intelligence as artificial silliness!
1

by Pedro Domingos

35%

by Louise Amoore — Reposted by: Paul Langley, John Hogan, Ben O’Loughlin

34%
amoorelouise.bsky.social
Our article on the politics of AI prompts is out now @econsocjournal.bsky.social www.tandfonline.com/doi/full/10.... 1/n
Politics of the prompt: Government in the age of generative AI
This paper addresses the politics of the technique of prompting in machine learning, at a time when bureaucratic and democratic government is undergoing transformation. Drawing on the case of the U...
www.tandfonline.com
2 16 35

by James Grimmelmann — Reposted by: Mark A. Lemley

34%
jtlg.bsky.social
“Maybe another sector AI is disrupting is the ability to "rely" on overcaffeinated and drugged up twenty-somethings to kill themselves on consulting assignments to squeeze a few more dollars out of the bottom line.”
1 3

Reposted by: Dirk Pilat, Nicolai von Ondarza

19%
financialtimes.com
New data shows the ways millions of people have integrated AI into their everyday lives. Also, it suggests that for now at least, AI is an individual productivity tool — both at work and in our personal lives — rather than the broader workplace disrupter many in Big Tech predicted. on.ft.com/47cKBVN
11 15 34

by Miriam Meckel

7%
Handelsblatt
Column 'Creative Destruction': With AI, work can be redesigned anew and better – or society can be paralyzed

AI can destroy work or make it better. The question is how we rethink work. But those who equate efficiency with progress create above all one thing: digital waste.

Column 'Creative Destruction': With AI, work can be redesigned anew and better – or society can be paralyzed
Reposts 0 10h

by Larry W. Hunter

30%
proflhunter.bsky.social
The Oatmeal has an interesting take on AI art. While I don't disagree with his "process" argument, Bob Duke offers a counterpoint based on A.N. Whitehead's Rhythm of Education, namely that the "process" part too often ends up dominating. Maybe *judicious* use of AI? www.youtube.com/watch?v=Wtjz...
Slide titled "The Rhythm of Education -- A.N. Whitehead" showing a path from "romance" at the bottom to "generalization" at the top, passing through "precision" in the middle." Light blue type on gradient blue background. Same as the first slide, except the "Precision" in the middle is now much larger than everything else.

by Scott L. Greer

19%
scottlgreer.bsky.social
A picture is worth a thousand words but here are some more words bsky.app/profile/just...
justinhendrix.bsky.social
Justin Hendrix @justinhendrix.bsky.social · 5h
Important article for anyone following AI and AI policy.

"In the process, [NVIDIA and OpenAI are] now seen as playing a key role in ratcheting up the risks of a possible AI bubble by inflating the market and binding the fates of numerous companies together. "
carlquintanilla.bsky.social
Carl Quintanilla @carlquintanilla.bsky.social · 5h
NVIDIA and OpenAi:

Concerns that their “increasingly complex and interconnected web of business transactions is artificially propping up the trillion-dollar AI boom.“

@bloomberg.com $NVDA 👀
www.bloomberg.com/news/feature...

by Ian P. McCarthy

49%
toffeeman68.bsky.social
Yes. This a great example of the cost of "botshit" ie when AI makes stuff up and humans uncritically use it

See:
doi.org/10.1016/j.bu...

An open access version: dx.doi.org/10.2139/ssrn...
Redirecting
doi.org
2 1

by Ian Bremmer

17%
ianbremmer.com
musk's netflix uproar over shows hints at deeper ai concerns. if media affects kids, what about ai bots? china sees risks, the us doesn’t. it's time to discuss.

@gzeromedia.com
US-China AI race: Dueling strategies and potential risks | ask ian
YouTube video by GZERO Media
www.youtube.com
1 5 37

by Scott A. Imberman

11%
imbernomics.bsky.social
AI proofing?
1

by Ian P. McCarthy

49%
toffeeman68.bsky.social
This a great example of the cost of "botshit" ie when AI makes stuff up and humans uncritically use it

See:

doi.org/10.1016/j.bu...

An open access version: dx.doi.org/10.2139/ssrn...
Redirecting
doi.org
1

by Ian P. McCarthy — Reposted by: Constantine Sandis

49%
toffeeman68.bsky.social
This a great example of the cost of "botshit" ie when AI makes stuff up and humans uncritically use it

See:

doi.org/10.1016/j.bu...

An open access version: dx.doi.org/10.2139/ssrn...
Redirecting
doi.org
1 1

by Ian P. McCarthy

49%
toffeeman68.bsky.social
This a great example of the cost of "botshit" ie when AI makes stuff up and humans uncritically use it

See:

doi.org/10.1016/j.bu...

An open access version: dx.doi.org/10.2139/ssrn...
Redirecting
doi.org