business

Crypto FOMO Is Back. So Are the Scams

Ryan has been self-employed for 15 years. He works long hours on two small manufacturing businesses. But he finds time to daydream about getting in early on a cryptocurrency that goes to the moon. In 2021, the price of Dogecoin, a crypto token started as a joke, increased 70-fold in …

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Airchat Is Silicon Valley’s Latest Obsession

At some point this weekend, Airchat cofounder Naval Ravikant had to close off new sign-ups to his app. After releasing a new version Friday, Airchat was quickly overloaded with people thirsting for a glimpse—or an audio snippet—of Silicon Valley’s newest fad. Ravikant had given a small number of users unlimited …

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No One Actually Knows How AI Will Affect Jobs

Forget artificial intelligence breaking free of human control and taking over the world. A far more pressing concern is how today’s generative AI tools will transform the labor market. Some experts envisage a world of increased productivity and job satisfaction; others, a landscape of mass unemployment and social upheaval. Someone …

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Eric Schmidt Warned Against China’s AI Industry. Emails Show He Also Sought Connections to It

In November 2019, the US government’s National Security Commission on Artificial Intelligence (NSCAI), an influential body chaired by former Google CEO and executive chairman Eric Schmidt, warned that China was using artificial intelligence to “advance an autocratic agenda.” Just two months earlier, Schmidt was also seeking potential personal connections to …

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Students Are Likely Writing Millions of Papers With AI

Students have submitted more than 22 million papers that may have used generative AI in the past year, new data released by plagiarism detection company Turnitin shows. A year ago, Turnitin rolled out an AI writing detection tool that was trained on its trove of papers written by students as …

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Welcome to the Age of Technofeudalism

The tech giants have overthrown capitalism. That’s the argument of former Greek finance minister Yanis Varoufakis, who became famous trying to defend debt-laden Greece from its German creditors. Varoufakis has never quite regained the notoriety of 2015. But he has remained a prominent left-wing voice. After a failed campaign for …

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