artificial intelligence

Subterms

    Latest story

    125 Shares21 Views

    When It Comes to Investing, Is A.I. Worth the Hype?

    by

    After the arrival of a less costly A.I. model from China, U.S. markets and academics are wrestling with the ultimate economic value of the technology.A.I. chatbots are fun, sometimes even useful and, until recently, endowed with the uncanny ability to mesmerize investors and fuel the U.S. stock market.But the excellent performance of a new, relatively cheap artificial intelligence engine from a Chinese start-up, DeepSeek, has perturbed the market and complicated the A.I. story.Investors are re-evaluating prominent companies swept up in A.I. fever, including Nvidia, Meta, Alphabet, Microsoft, Amazon, Tesla and the private start-up OpenAI. The notion that full-blown superhuman intelligence is imminent has spurred the-sky-is-the-limit valuations, as well as concerns about the political and social risks posed by advanced intelligence.One immediate question: Is the main approach to developing A.I. in the United States — pouring billions of dollars into chips and infrastructure — worth the expenditure for all companies if similar results can be achieved far more cheaply? DeepSeek’s lower-cost innovations add urgency to bigger, longstanding financial questions: How much are artificial intelligence companies really worth, and what will the broader economic value of A.I. ultimately be?Daren Acemoglu, a winner of the 2024 Nobel in economic science, gave me some answers. “There is a lot of hype in the industry,” he told me in a telephone conversation. Yes, he said, A.I. companies have made some “impressive achievements,” but he added that many financial and economic calculations were being based on mere “projections into the future that are sometimes exaggerated.”Professor Acemoglu, an M.I.T. economist with an interest in the impact of technical innovations on global economics, is skeptical about the more fervent A.I. claims. He ranks A.I. as a significant advance, perhaps with a macroeconomic effect akin to the telephone, which was no small thing.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    More stories

    • 88 Shares179 Views

      in Elections

      Sam Altman on Microsoft, Trump and Musk

      by

      The OpenAI C.E.O. spoke with Andrew Ross Sorkin at the DealBook Summit.Since kicking off the artificial intelligence boom with the launch of ChatGPT in 2022, OpenAI has amassed more than 300 million weekly users and a $157 billion valuation. Its C.E.O., Sam Altman, addressed whether that staggering pace of growth can continue at the DealBook Summit last week.Altman pushed back on assertions that progress in A.I. is becoming slower and more expensive; on reports that the company’s relationship with its biggest investor, Microsoft, is fraying; and on concerns that Elon Musk, who founded an A.I. company last year, may use his relationship with President-elect Donald Trump to hurt competitors.Altman said that artificial general intelligence, the point at which artificial intelligence can do almost anything that a human brain can do, will arrive “sooner than most people in the world think.” Here are five highlights from the conversation.On Elon MuskMusk, who co-founded OpenAI, has become one of its major antagonists. He has sued the company, accusing it of departing from its founding mission as a nonprofit, and started a competing startup called xAI. On Friday, OpenAI said Musk had wanted to turn OpenAI into a for-profit company in 2017 and walked away when he didn’t get majority equity. Altman called the change in the relationship “tremendously sad.” He continued:I grew up with Elon as like a mega hero. I thought what Elon was doing was absolutely incredible for the world, and I’m still, of course, I mean, I have different feelings about him now, but I’m still glad he exists. I mean that genuinely. Not just because I think his companies are awesome, which I do think, but because I think at a time when most of the world was not thinking very ambitiously, he pushed a lot of people, me included, to think much more ambitiously. And grateful is the wrong kind of word. But I’m like thankful.You know, we started OpenAI together, and then at some point he totally lost faith in OpenAI and decided to go his own way. And that’s fine, too. But I think of Elon as a builder and someone who — a known thing about Elon is that he really cares about being ‘the guy.’ But I think of him as someone who, if he’s not, that just competes in the market and in the technology, and whatever else. And doesn’t resort to lawfare. And, you know, whatever the stated complaint is, what I believe is he’s a competitor and we’re doing well. And that’s sad to see.Altman said of Musk’s close relationship with Trump:I may turn out to be wrong, but I believe pretty strongly that Elon will do the right thing and that it would be profoundly un-American to use political power to the degree that Elon has it to hurt your competitors and advantage your own businesses. And I don’t think people would tolerate that. I don’t think Elon would do it.On OpenAI’s relationship with MicrosoftMicrosoft, OpenAI’s largest investor, has put more than $13 billion into the company and has an exclusive license to its raw technologies. Altman once called the relationship “the best bromance in tech,” but The Times and others have reported that the partnership has become strained as OpenAI seeks more and cheaper access to computing power and Microsoft has made moves to diversify its access to A.I. technology. OpenAI expects to lose $5 billion this year because of the steep costs of developing A.I.At the DealBook Summit, Altman said of the relationship with Microsoft, “I don’t think we’re disentangling. I will not pretend that there are no misalignments or challenges.” He added:We need lots of compute, more than we projected. And that has just been an unusual thing in the history of business, to scale that quickly. And there’s been tension on that.Some of OpenAI’s own products compete with those of partners that depend on its technologies. On whether that presents a conflict of interest, Altman said:We have a big platform business. We have a big first party business. Many other companies manage both of those things. And we have things that we’re really good at. Microsoft has things they’re really good at. Again, there’s not no tension, but on the whole, our incentives are pretty aligned.On whether making progress in A.I. development was becoming more expensive and slower, as some experts have suggested, he doubled down on a message he’d previously posted on social media: “There is no wall.” Andrew asked the same question of Sundar Pichai, the Google C.E.O., which we’ll recap in tomorrow’s newsletter.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 88 Shares159 Views

      in Elections

      OpenAI Fires Back at Elon Musk’s Lawsuit

      by

      The artificial intelligence start-up argues that Mr. Musk is trying to hamstring its business as he builds a rival company.Earlier this month, Elon Musk asked a federal court to block OpenAI’s efforts to transform itself from a nonprofit into a purely for-profit company.On Friday, OpenAI responded with its own legal filing, arguing that Mr. Musk is merely trying to hamstring OpenAI as he builds a rival company, called xAI.What Mr. Musk is asking for would “debilitate OpenAI’s business, board deliberations, and mission to create safe and beneficial A.I. — all to the advantage of Musk and his own A.I. company,” the filing said. “The motion should be denied.”OpenAI also disputed many of the claims made by Mr. Musk in the lawsuit he brought against OpenAI earlier this year. In a blog post published before Friday’s filing, OpenAI portrayed Mr. Musk as a hypocrite, saying that he had tried to transform the lab from a nonprofit into a for-profit operation before he left the organization six years ago.The filing and blog post included documents claiming to show that in 2017, Jared Birchall, the head of Mr. Musk’s family office, registered a company called Open Artificial Intelligence Technologies, Inc. that was meant to be a for-profit incarnation of OpenAI.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 75 Shares129 Views

      in Elections

      Illustrator Oliver Jeffers Reflects on 2024

      by

      The fine artist and illustrator Oliver Jeffers on climate change, A.I. and the idea that maybe everything is pretty much our fault.This personal reflection is part of a series called Turning Points, in which writers explore what critical moments from this year might mean for the year ahead. You can read more by visiting the Turning Points series page.The following is a close look at an emerging global trend or insight through creative narrative.Oliver JeffersNo One Is ComingOne of the biggest issues, I believe, with the current global narrative on climate change is that it’s (deliberately) abstractly big. It is, therefore, no fault of anyone in particular. By speaking of climate change in the way that we do, we give ourselves permission to ignore it, convincing ourselves it is someone else’s problem. And, if climate change is someone else’s problem, it is definitely up to someone else to fix it.But the brutal truth is that we are the only ones here — or anywhere, for that matter. The scale of the universe is so vast that it is incomprehensible, and we have yet to find any indication of life other than on Earth. So, whether it’s our fault or not (spoiler alert: it is!), it is certainly up to us alone to do something about it. Our current attitude is the cosmic equivalent of covering our eyes because we are going downhill too fast on a bicycle.Oliver JeffersThe Weather Doesn’t Need a PassportWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 125 Shares99 Views

      in Elections

      Cai Guo-Qiang: A.I. Will Revolutionize How We See the World

      by

      Artificial intelligence, though shrouded in risk, promises a revolution in how we see the world.This personal reflection is part of a series called Turning Points, in which writers explore what critical moments from this year might mean for the year ahead. You can read more by visiting the Turning Points series page.The following is an artist’s interpretation of the year — how it was or how it might be, through the lens of art.An Eiffel Tower hangs upside-down in a mirrored sky, like salvation from heaven — a convergence of sadness and joy. This gunpowder painting on glass and mirror, and another similar one on canvas, draws inspiration from a scene in a proposal I developed in collaboration with the Pompidou Center for the 2024 Paris Olympics.Lasting for about six minutes, and accompanied by the final movement of Gustav Mahler’s “Symphony No. 2 in C minor,” the sky painting “Resurrection” would have used around 3,000 drones equipped with small colored firework nozzles to paint the sky alongside daytime fireworks from the Eiffel Tower. The magnificent scene would have created growing flowers, the cosmic sky, white wings and a white flag beneath the Olympic rings.Cai Guo-Qiang (b. 1957, Quanzhou, China), “Resurrection: Proposal for the 2024 Paris Olympics,” 2024. Gunpowder on canvas, 183 cm x 152.5 cm.Photo by Mengjia Zhao, courtesy Cai StudioWhen I conceived the project in 2022, the world was slowly emerging from the Covid-19 pandemic, gradually finding its footing after two years of disorder. It was also the beginning of the Russia-Ukraine war. The project’s tone took in both of those realities. It was one of regeneration and rebirth, echoing the peaceful, antiwar and unified spirit of the Olympics.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 125 Shares99 Views

      in Elections

      Elon Musk and the Tech Billionaires Steering Trump’s Transition Team

      by

      The involvement of wealthy investors has made this presidential transition one of the most potentially conflict-ridden in modern history.The week after the November election, President-elect Donald J. Trump gathered his top advisers in the tearoom at his Florida resort, Mar-a-Lago, to plan the transition to his second-term government.Mr. Trump had brought two of his most valued houseguests to the meeting: the billionaire Tesla boss Elon Musk and the billionaire co-founder of Oracle, Larry Ellison. The president-elect looked around the conference table and issued a joking-not-joking challenge.“I brought the two richest people in the world today,” Mr. Trump told his advisers, according to a person who was in the room. “What did you bring?”Mr. Trump has delighted in a critical addition to his transition team: the Silicon Valley billionaires and millionaires who have been all over the transition, shaping hiring decisions and even conducting interviews for senior-level jobs. Many of those who are not formally involved, like Mr. Ellison, have been happy to sit in on the meetings.Their involvement, to a degree far deeper than previously reported, has made this one of the most potentially conflict-ridden presidential transitions in modern history. It also carries what could be vast implications for the Trump administration’s policies on issues including taxes and the regulation of artificial intelligence, not to mention clashing mightily with the notion that Mr. Trump’s brand of populism is all about helping the working man.The presence of the Silicon Valley crew during critical moments also reflects something larger. Silicon Valley was once seen as a Democratic stronghold, but the new generation of tech leaders — epitomized by Mr. Musk — often has a right-wing ideology and a sense that they have an opportunity now to shift the balance of power in favor of less-fettered entrepreneurship.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 75 Shares169 Views

      in Elections

      Why Wouldn’t ChatGPT Say ‘David Mayer’?

      by

      A bizarre saga in which users noticed the chatbot refused to say “David Mayer” raised questions about privacy and A.I., with few clear answers.Across the final years of his life, David Mayer, a theater professor living in Manchester, England, faced the cascading consequences an unfortunate coincidence: A dead Chechen rebel on a terror watch list had once used Mr. Mayer’s name as an alias.The real Mr. Mayer had travel plans thwarted, financial transactions frozen and crucial academic correspondence blocked, his family said. The frustrations plagued him until his death in 2023, at age 94.But this month, his fight for his identity edged back into the spotlight when eagle-eyed users noticed one particular name was sending OpenAI’s ChatGPT bot into shutdown.David Mayer.Users’ efforts to prompt the bot to say “David Mayer” in a variety of ways were instead resulting in error messages, or the bot would simply refuse to respond. It’s unclear why the name was kryptonite for the bot service, and OpenAI would not say whether the professor’s plight was related to ChatGPT’s issue with the name.But the saga underscores some of the prickliest questions about generative A.I. and the chatbots it powers: Why did that name knock the chatbot out? Who, or what, is making those decisions? And who is responsible for the mistakes?“This was something that he would’ve almost enjoyed, because it would have vindicated the effort he put in to trying to deal with it,” Mr. Mayer’s daughter, Catherine, said of the debacle in an interview.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 113 Shares129 Views

      in Elections

      Trump Names David Sacks to Oversee Crypto and A.I.

      by

      President-elect Donald J. Trump has named one of Silicon Valley’s most prominent conservative investors, donors and media personalities to help oversee American tech policy.David Sacks, a venture capitalist and an early executive at PayPal who launched a hit podcast, will be the “White House A.I. and Crypto Czar,” the president-elect announced in a social media post on Thursday. Mr. Sacks is a close friend of Elon Musk, and Mr. Sacks has been among the people over the last year or so encouraging Mr. Musk to delve deeper into Republican politics.The position will be new, and further cements the expectation that the Trump White House intends to take a lighter hand with the regulation of technology and in particular cryptocurrencies, which have surged in value since Mr. Trump won the election and in which Mr. Trump personally has a business interest. Mr. Sacks, who leads a venture capital firm called Craft Ventures, has in general called for a more permissive policy on both cryptocurrency and artificial intelligence.Mr. Sacks won a battle within the Trump transition effort. Some people were pitching Mr. Trump’s team on separate positions where different people would oversee artificial intelligence and crypto, according to a person close to the process. But Mr. Sacks was chosen to oversee them all together in a joint appointment.“David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” Mr. Trump said on Thursday evening. “David will focus on making America the clear global leader in both areas.”It is not clear if his role will be full time; Mr. Sacks has previously told friends that he did not want a formal role because it would require him to leave his position overseeing his venture capital fund, The New York Times has previously reported. Mr. Sacks announced a new start-up funding round led by his firm just this week.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 100 Shares99 Views

      in Elections

      Musk, Trump, A.I. and Other DealBook Summit Highlights

      by

      The economy, inflation, tariffs, the future of media, pardon politics and other big topics that made headlines this year.Jeff Bezos was cautiously optimistic that President-elect Donald Trump would be more measured in his second term.Michael M. Santiago/Getty ImagesFour takeaways from the DealBook Summit The U.S. election dominated the news agenda this year, and the two people at the center of Donald Trump’s win came up in nearly every conversation yesterday at the DealBook Summit. The president-elect and Elon Musk may not have been in the room, but questions about how they will shape business and politics were front and center.The general view of the day was cautious optimism, even among those who had publicly criticized Trump and Musk — or been targeted by them.But many questions remain. What will Trump and Musk mean for government, business and the economy? Will they succeed in cutting regulation and government spending? And will they go after their perceived enemies and rivals?Here are four big themes from this year’s event.What will happen with the economy?Most of the speakers were willing to give Trump the benefit of the doubt, or at least played down worries about his most disruptive policy ideas.Jay Powell, the Fed chair, addressed one of the biggest questions hanging over the next administration: Will the president-elect go after the central bank’s independence? No, Powell said emphatically. The Fed, he said, was created by Congress and its autonomy is “the law of the land.”“There is very, very broad support for that set of ideas in Congress in both political parties, on both sides of the Hill, and that’s what really matters,” he said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More