Welcome, humans.☕

What to decode:

• 👨‍💻 Tech experts, including Elon Musk and Apple co-founder, urge caution on 'giant AI experiments'

• 📈 Goldman is optimistic about AI

• 🌎 FAAMG, OpenAI, and the rest of the world.

• 🧑 Arthur C. Clarke about the future of AI.

THE ANALYSIS OF CODE

Goldman is optimistic about AI🏦

Hold on to your hats, folks, because it turns out that the rise of AI may not spell doom and gloom for the job market after all. That's right, the latest report from economists at Goldman Sachs suggests that instead of taking your jobs, AI might actually create new ones!

According to the experts, if generative AI can deliver on its promise, we could see some massive gains in productivity and job creation over the next decade. In fact, they predict that if all goes well, we could see an impressive 7% jump in annual gross GDP, which translates to a whopping $7 trillion!

But that's not all. The report also suggests that US labor productivity could increase by 1.5% annually over the next decade. And while it's true that AI will likely impact the jobs of 70% of the economy, the good news is that it's more likely to complement our work than replace it.

Of course, it's important to note that this is all based on a big "if." As the report points out, the success of generative AI is not a sure thing. But even if we don't see these huge gains, there's reason to believe that AI could still be a net positive for the job market.

That being said, it's not all sunshine and rainbows. The report does suggest that certain jobs, such as office and administrative support, are at a higher risk of being automated. So if you're the Pam from The Office type, you might want to keep an eye on your back!

THE DANGEROUS CODE

Elon Musk and Apple co-founder, urge caution on 'giant AI experiments'😟

As the race towards developing more advanced artificial intelligence continues to heat up, tech experts are now raising concerns about the potential dangers associated with such experiments. Recently, Elon Musk himself joined the chorus of voices calling for a pause on giant AI experiments.

According to Musk, the risks associated with AI are significant and should not be taken lightly. He pointed out that the development of such technology could ultimately lead to disastrous outcomes if not managed carefully. The Tesla CEO's warning comes on the heels of similar calls from other tech experts who are worried about the direction that AI is taking.

While the benefits of AI cannot be ignored, there are certainly valid concerns about its misuse or unintended consequences. As with any powerful technology, there is always a risk of abuse or unforeseen outcomes. As Musk puts it, "if you create a super intelligent AI, that AI will create its own goals, and those goals may not be aligned with ours."

THE RACE OF CODE

Big Tech vs. The Field 🚣

The world of AI is heating up faster than a bowl of soup in the microwave. Big Tech is furiously trying to dominate the market before startups can get a slice of the pie. It's like watching a game of Hungry Hungry Hippos, but instead of colorful marbles, it's billions of dollars and AI specialists on the line.

Since the recession in '08, Big Tech has been on a hiring spree, snatching up thousands of AI specialists like they're the last bag of chips at a party. And it's not just hiring. They're also throwing money around like it's confetti at a parade, investing billions in massive AI models that require astronomical storage and data investments.

All this has some people wondering, will Big Tech squash the little guy and dominate AI?

The government is taking notice too. Yesterday, FTC Chair Lina Khan announced that she'll be keeping a close eye on Big Tech to make sure they don't use anti-competitive tactics to block emerging AI competitors.

But let's not count out the underdogs just yet. Some of the most groundbreaking work in AI is happening outside of Big Tech. OpenAI, for example, is leading the charge with hundreds of employees (not thousands). Meanwhile, Midjourney is causing a stir with their top-notch models, and they did it all with only 11 employees. Stability AI is also making waves, powering the open source movement in AI with a team of around 100 people.

It's still early days, though. We've yet to see what Apple has up its sleeve, and Amazon's been awfully quiet about Alexa lately. And as AI gets more powerful, Big Tech's deep pockets may be the only way to afford safe rollouts.

But for now, let's root for the underdogs. Charge on, startups! The AI race is far from over, and anything can happen.

THE HISTORY PREDICTIONS OF CODE

Arthur C. Clarke Predicts the Future of AI in 1964 🎥

we're going to take a journey back to September 21st, 1964, when the great sci-fi writer and futurist, Arthur C. Clarke, gave an interview about the future of AI.

Now, keep in mind that in 1964, computers were still massive machines that filled entire rooms, and the internet was just a twinkle in the eyes of a few visionary technologists. So, it's safe to say that Clarke's predictions about AI may have seemed a little far-fetched to the average person at the time.

But here's the thing: Clarke was right on the money. In this interview, he talks about how machines will eventually surpass human intelligence and how they'll be able to learn and evolve on their own. He even predicts that there will be a time when humans and machines will merge, and we'll be able to communicate with computers directly through our brains. Mind-blowing, right?

It's amazing to think that Clarke was able to see so far into the future, especially given the limited technology available at the time. His vision of AI has since become a reality, and we're seeing incredible advancements in the field every day.

But what's even more impressive is Clarke's wit and humor throughout the interview. He quips that the only way to keep up with the rapidly evolving field of AI is to "keep drinking heavily," and he jokes that he'll have to start writing romance novels instead of sci-fi once machines take over the creative writing industry.

THE CODE IDEA OF THE DAY

A browser plugin 👨‍💻

Problem: The algorithm pushes the same 25-75 videos no matter what. You have to scroll way down to find anything new or interesting

Solution: A browser plugin that lets you skip the first 50-1000 results of a YouTube search

SOURCE: Reddit User benmarvin