An insider’s guide to AI and other exponential technologies

Gemini; silver spooners; greedflation; anthrobots, raves & whales

 
-The release of ChatGPT set off the starting gun no one expected. As the NYT reports, when the Big Tech firms saw the reception of ChatGPT, they immediately pivoted to developing their own AI products, with minimal care for risks. Meta open-sourced Llama-2, Microsoft added GPT to their products and Google rush-released Bard. It seems like a blind sprint in a race no one fully understood.

-The new economic elite. This year marks the first recorded instance where inheritance, not entrepreneurship, has been the primary source of wealth for the majority of new billionaires since UBS, a bank, started reporting on it 9 years ago. They expect this to become a trend over the next 20 years, with 1000 billionaires passing an estimated $5.2 trillion onto their offspring. The report has the usual claptrap about continuing family legacies, but what it’s really about is how elites continue to accumulate wealth.

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