AI
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AI job disruption is here. The problem may be compounded because nearly 75% of people don’t apply for unemployment benefits
It’s been a tough year for tech workers as the industry has been hit a record number of layoffs. Nearly 120,000 tech workers have been let go this year as companies slim down their staffs in the name of AI productivity. As consensus grows in Silicon Valley and Wall Street about an incoming artificial intelligence…
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OpenAI hit with multistate probe into possible user harm, days after filing for a highly anticipated IPO
OpenAI received a subpoena from several states as part of a probe into the safety of users of its chatbot as it prepares to offer stock to the public for the first time. The company behind the popular chatbot, ChatGPT, said it will respond to the inquiry “constructively” and that it already has in place…
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‘It’s not a jailbreak’ — Research leading to U.S. export restrictions on top Anthropic models was for defense, cybersecurity CEO says
Research that caused the Commerce Department to impose strict limits on the use of Anthropic’s new AI models wasn’t geared toward offensive purposes, according to a cybersecurity CEO who saw the findings. Late Friday, the department used national security export controls to bar the company from distributing Fable 5 and Mythos 5. The directive applies to…
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Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access
Anthropic was forced to disable all access to its newest AI models, Fable 5 and Mythos 5, late on Friday after the U.S. Commerce Department used national security export controls to bar the company from distributing the models to any foreign national. The directive includes not just people located outside the U.S., but also any…
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Machine learning gives the U.S. a 1% chance of winning the World Cup final in its own backyard
In times past, when we wanted to know which team would win the World Cup, we had to turn to seers with crystal balls, use divination via tea leaves, or hope for Paul the Octopus to tell us what would happen. But modern data science can provide a better alternative. As part of a team…
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AI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
TL;DR: You might have expected AI to cut healthcare costs, whether it’s by reducing paperwork, automating the doctor’s notes, or thinning out hospital staff. But a new 60-page PwC report suggests the reverse: So far, one of its most widespread uses is making medical bills bigger. It’s an example of how AI isn’t only good…
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Astronaut costumes, teenage crypto millionaires, and a $300 million bet: Scenes from the SpaceX IPO
The crowd outside the Nasdaq on Friday morning skewed young, male and anxious. George Manchin, a 22-year-old prop trader from Hong Kong, had put in for “a little bit” of SpaceX stock—”like a car, but it’s gonna be more than a car now.” Behind him, Hemanth Golla, an early investor through his venture fund High…
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AOL cofounder Steve Case on AI— major upside, real risk, and ‘probably a net negative’ for jobs
AOL cofounder and Revolution CEO Steve Case sees a “huge, huge opportunity” in artificial intelligence, but he’s less certain about the upside of its impact on the workforce. Striking a balance will ultimately land in the “messy middle,” he said at Fortune’s 25th annual Brainstorm Tech conference in Aspen this week. “To argue that this…
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For SpaceX CFO Bret Johnsen, the challenge starts after the $75 billion IPO
Good morning. Elon Musk is the face of SpaceX but behind the scenes, Bret Johnsen has spent more than a decade turning Musk’s ambitions into a financial story investors can underwrite. Johnsen joined as CFO in 2011 after senior finance roles at Mindspeed Technologies and Broadcom. “I tell people it’s hard to be a space…
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Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare
To compete with China, the U.S. defense industry must leverage private venture capital and dual-use technologies to overhaul the defense playbook in the age of AI. That is a point that leading technology executives and venture capitalists drove home in a wide-ranging discussion at this year’s Fortune Brainstorm Tech summit in Aspen, Colorado. The U.S.…