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Look Around And What Do You See? Social Defeat

Look Around And What Do You See? Social Defeat Authored by Charles Hugh Smith via OfTwoMinds blog, How often do you see acknowledgements that social defeat and social depression are rampant in America? If you do a search for social defeat, you find hundreds of links to studies of rodents. Here, we demonstrate that social defeat stress (R-SDS) impairs goal-directed motivation in male mice. "Social defeat is initiated when a male rodent is introduced into the home cage of an older, aggressive, dominant male." "The social defeat stress model." And so on. When applied to humans, the definitions are generalized in psychological terms: "The definition of Social Defeat is the loss of power, status, or self-esteem as a result of verbal or physical abuse by others." "Social defeat (SD) is defined as a feeling of having lost the fight leading to a loss of valuable status or of important personal goals." And so on. In my analysis, social defeat is a complex response to systemic economic, social and political inequalities. In other words, social defeat is the only possible outcome of structurally generated extreme asymmetries of wealth, income and power. Downward mobility excels in creating and distributing social defeat. Social defeat arises in strict social hierarchies in which the few dominate the many. Overcrowding exacerbates the many ills of social defeat within these social hierarchies based on dominance. In my lexicon, social defeat manifests as a spectrum of anxiety, insecurity, chronic stress, powerlessness, and fear of declining social status. Countless studies have identified the destructive consequences of chronic social defeat: social avoidance, passivity, depression, hyper-aggression, increased food intake and body mass, drug addiction, and so on. What do you see when you look around? I see all the manifestations of widespread chronic social defeat. When the system has been rigged to favor the dominant few at the expense of the many, the only possible outcome is systemic social defeat which manifests as all the ills listed above. Downward mobility and social defeat lead to social depression. Here are the conditions that characterize social depression: 1. Unrealistically lofty expectations of endlessly rising prosperity have been instilled in generations of citizens as a birthright. 2. Part-time and unemployed people are marginalized, not just financially but socially. 3. Widening income/wealth disparity as those in the top 10% pull away from the shrinking middle class. 4. A systemic decline in social/economic mobility as it becomes increasingly difficult to obtain middle class security or hold onto it. 5. A widening disconnect between higher education and employment: a college/university degree no longer guarantees a stable, good-paying job. (This is what historian Peter Turchin calls overproduction of elites.) 6. A failure in the Status Quo institutions and mainstream media to recognize social depression as a reality. 7. A systemic failure of imagination within state and private-sector institutions on how to address social depression issues. 8. The abandonment of middle class aspirations by the generations ensnared by the social depression: young people no longer aspire to (because they cannot afford) families or homeownership. 9. A loss of hope in the young generations as a result of the above conditions. The rising tide of collective anger arising from social depression is visible in many places: road rage, violent street clashes between groups seething for a fight, the destruction of friendships for holding the "incorrect" ideological views, and so on. The unwelcome reality is that America chose economic and financial policies that transferred $50 trillion from labor to politically powerful capital. If this doesn't seem possible, please read the RAND study in its entirety: Trends in Income From 1975 to 2018. Next, read the summary from Time.com The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90% -- And That's Made the U.S. Less Secure. Here's an excerpt: There are some who blame the current plight of working Americans on structural changes in the underlying economy--on automation, and especially on globalization. According to this popular narrative, the lower wages of the past 40 years were the unfortunate but necessary price of keeping American businesses competitive in an increasingly cutthroat global market. But in fact, the $50 trillion transfer of wealth the RAND report documents has occurred entirely within the American economy, not between it and its trading partners. No, this upward redistribution of income, wealth, and power wasn't inevitable; it was a choice--a direct result of the trickle-down policies we chose to implement since 1975. We chose to cut taxes on billionaires and to deregulate the financial industry. We chose to allow CEOs to manipulate share prices through stock buybacks, and to lavishly reward themselves with the proceeds. We chose to permit giant corporations, through mergers and acquisitions, to accumulate the vast monopoly power necessary to dictate both prices charged and wages paid. We chose to erode the minimum wage and the overtime threshold and the bargaining power of labor. For four decades, we chose to elect political leaders who put the material interests of the rich and powerful above those of the American people. Those who gained the pilfered wealth credit their "hard work." That's not the full story. Policies stripmined labor and the middle class and funneled the trillions to well-connected capital via tax loopholes, subsidies, favorable tax write-offs, family trusts and many other policy decisions that could only benefit the top 0.1%, who now own more of America's wealth than the bottom 80%. While the bottom 50% of America's households lost ground as their share of the nation's wealth shrank by a third to a meager 3%, the share of the top 1% soared by 40% to 32%. How often do you see acknowledgements that social defeat and social depression are rampant in America, and that the causes are systemic, the result of policies chosen by the nation's leadership elites? Shall we be brutally honest and admit the answer is never? And what do you expect to be served at the banquet of consequences of this systemic generation of social defeat and social depression? Perhaps a pendulum swing to the opposite extreme? New Podcast: Charles Hugh Smith on Getting Ready for a Real Recession (38 min) (38 min) *  *  * My new book is now available at a 10% discount ($8.95 ebook, $18 print): Self-Reliance in the 21st Century. Read the first chapter for free (PDF) Become a $1/month patron of my work via patreon.com. Subscribe to my Substack for free Tyler Durden Thu, 06/08/2023 - 21:05.....»»

Category: personnelSource: nyt1 hr. 52 min. ago Related News

AI Will Lead To a Growth in 30,013 ‘Mompreneurs’ in New Jersey

Working moms are set to be one of the biggest beneficiaries of new AI technologies. Although concerns about the future ... Read more Working moms are set to be one of the biggest beneficiaries of new AI technologies. Although concerns about the future impact on jobs persist, it is undeniable that free AI technologies like ChatGPT and Bard have significantly benefited workers, particularly those who work mostly online. Gabriela Covay, Founder & Managing Director of California-based Bright Valley Marketing, believes that “mompreneurs” will experience the most significant benefits, as AI advancements help save their most scarce resource: time. Consequently, she predicts a surge in mothers running their own businesses in the coming years.  A Surge Expected In Mompreneurs By 2028 In New Jersey, 34% of businesses are women-owned, equating to 300,130 companies. Ms. Covay anticipates a 10% increase in women-owned businesses within the next five years. This projection suggests that the number of ‘mompreneurs’ in the Garden State will rise to 330,143 by 2028. At present, some key methods through which AI saves time for mothers who own businesses are: 1. Act As A Business Assistant: a) ChatGPT and Bard can play the role of a sales assistant, helping to create great landing page content for sales pages while also being able to create ad copy, among other things.  b) AI can complete critical tasks more efficiently such as researching blog topics or providing market research, helping to define target personas, and brainstorm ideas for new campaigns, new offerings, as well as draft business plans.  c) ChatGPT and Bard are also great at editing! You can prompt them to edit a sentence or paragraph so it sounds more concise, more compelling, or more unique.  d) Using AI as a social media assistant. “My team and I have never been great at social media. But since ChatGPT, we’ve started creating posts to engage with existing and potential customers, especially on LinkedIn”, says Ms Covay. It is also useful for crafting social media pages, and creating YouTube copy. “However, I do advise always fact checking what AI comes up with — and to always infuse the content with your brand’s unique touch”. e) Using it as a business advisor. “If I’m faced with a difficult business decision, I sometimes turn to ChatGPT for advice; it helps me weigh the pros and cons about the best path forward given my goal.” 2. Summarize Industry Articles In the field of business, countless articles are published weekly by experts, and it can be challenging to find the time to read them in depth. Previously, concerns about missing crucial information would arise.  However, the use of AI tools that condense and highlight the most relevant points for one’s business has now alleviated these worries. Also, many industry experts post regular tips on YouTube. For those business owners with limited time, some ChatGPT plugins can summarize any YouTube video, answer questions about it, and give specific timestamps when asked.  3. Create Excel Formulas Many business owners rely on Excel (or similar software) to manage their finances, even when working with external accounting firms. AI now provides instant snapshots of essential financial aspects, such as short-term cash flows, and highlights areas requiring immediate attention, all within Excel. 4. Fix Bugs In Your Code “Interactive assets are frequently incorporated into our marketing campaigns, and each one is unique, leading to unique challenges, primarily in the form of coding issues. By leveraging AI to identify and resolve these bugs, we save a considerable amount of time, particularly in terms of communication with developers” says Ms Covay. 5. Curate Spotify Playlists And YouTube Videos “Occasionally, office playlists can become monotonous. Spotify addresses this issue by generating engaging AI generated playlists that teams can enjoy, tailored to their collective music tastes”. But it’s not just work-related AI software which is saving moms’ time. AI plays a useful role in freeing up time outside of work, which in turn means female business owners can dedicate more time to their businesses… 6. Organize Meals As a busy mother of two small kids, Ms. Covay constantly seeks solutions to simplify her life. Upon discovering Google’s Bard, she began requesting easy-to-prepare, healthy meal ideas tailored to her children’s preferences (and there are many!). Since then, she has relied on Bard for every new meal, streamlining the previously cumbersome meal-planning process, which involved searching for recipes, brainstorming ideas, compiling lists of meal options, and noting necessary ingredients. Conclusion “We are witnessing a transformative shift in the world of entrepreneurship, as AI technology becomes a powerful equalizer for working mothers. By streamlining tasks and freeing up valuable time, AI is lowering the barriers for women in business, helping them focus more on growing their enterprises. This newfound efficiency is poised to inspire and empower even more women to start their own businesses, driving a dynamic and diverse business landscape” says Gabriela Covay of Bright Valley Marketing......»»

Category: blogSource: valuewalk6 hr. 20 min. ago Related News

Why Remote Patient Monitoring Has Just Gotten A Major Push Forward And How It’s Changing Healthcare Forever

Over the last several years, the healthcare industry has been changing rapidly due to a confluence of factors. One major ... Read more Over the last several years, the healthcare industry has been changing rapidly due to a confluence of factors. One major transition that picked up steam during the COVID-19 pandemic is the push from in-office or in-hospital care to remote patient monitoring. In fact, one estimate suggests the remote patient monitoring was worth about $4.4 billion in 2022. The same firm predicts a compound annual growth rate of 18.5% for remote patient monitoring through 2030, valuing the industry at nearly $17 billion by the beginning of the next decade. A major factor in this rapid growth is the aging U.S. population. The U.S. Census Bureau estimates that the number of Americans over the age of 65 will rise from 43 million in 2012 to 84 million by 2050, increasing from 14% of the population to 21%. The Rapidly Growing Remote Patient Monitoring Industry Of course, as we age, many of us face increased needs for healthcare services, which is another reason remote patient monitoring is a healthy and growing industry. Yacov Geva, CEO of G Medical Innovations, shared some insights on the rapidly growing remote patient monitoring industry, the benefits it offers, and how it’s changing healthcare forever. Q: How important is home monitoring becoming as the global population ages? A: An aging population has increased healthcare needs, and many insurance companies are now pushing toward at-home care and continuous monitoring because it cuts costs. Patients need fewer office and ER visits and experience less stress because they’re treated at home. At-home care and remote monitoring also reduce the burdens on caregivers and on hospitals, which often face fines when patients are readmitted soon after they were released. As the share of older people versus the size of the entire population grows, these types of issues are becoming even more serious. The base period for readmission is 30 days, so if patients are readmitted after a few days, even if it’s because of what they’re eating or some other factor that’s not the hospital’s fault, the hospital will be fined because they weren’t monitoring him for 30 days. Hospitals are scored based on the quality of service they provide, so if patients are constantly being readmitted, the view is that it’s probably not a good hospital. Of course, that’s probably not true, but this is how it works. As a result, hospitals are pushing toward remote monitoring of discharged patients as a way to deal with those fines. Q: How can remote monitoring of critical health conditions save lives and reduce long-term costs for patients? A: When patients are being monitored remotely from home, their physicians have ready access to their data. For example, once the equipment detects abnormal heart activity, their doctor can act on it either with medication or a procedure. Remote monitoring services help prevent a more serious heart condition because they provide early detection of abnormal arrhythmias that may be asymptomatic or infrequent. They may even prevent the next stroke or heart attack that might affect the patient’s life forever. Remote patient monitoring also helps reduce costs for hospitals, insurance companies, and, of course, patients, by uncovering these arrhythmias before they become a major cardiac event that requires hospitalization and surgery. Additionally, monitoring patients at home keeps them from catching any infections that might be going around at the hospital. This is particularly true during periods when the hospital might want to keep the patient just for observation. There’s no need for that observation to occur at the hospital because it can be done at home via remote monitoring. Finally, people also respond better to treatment in their typical home environment because they’re more comfortable, and they learn more about their condition by being involved in the monitoring process. Q: What are some of the most important trends in homecare and remote patient monitoring? A: Technology is a key trend in remote patient monitoring. Although the technology needed to monitor patients at home has been around for 20 years, neither patients nor doctors were really ready for it. However, when COVID hit, it shut down clinics and doctors’ offices around the world and restricted access to hospitals. Suddenly, patients who stayed in the hospital couldn’t receive visitors. Because of all these issues, patients began to accept the idea of being monitored at home, and the technology we’ve had for the last 20 years was put to good use. In fact, I would say that COVID did more for remote patient monitoring than any marketing campaign over the last 20 years has done. The current generation of newer, younger doctors has also been more accepting of remote patient monitoring because they are much more tech-savvy than their predecessors, being digital natives. They have grown up with technology and already realized the advantages it offers. They also didn’t need to learn how to use it. Q: What should people understand about the difference between consumer-focused devices and medical-grade devices used for homecare monitoring? A: Most people are familiar with the Apple Watch and other smartwatches, which have many, many functionalities, most of which have nothing to do with healthcare. However, medical-grade devices like those prescribed by doctors offer far more capabilities from a monitoring perspective. For example, the Apple Watch only focuses on the ECG, but G Medical’s devices also monitor patients’ oxygen levels, temperature, weight, blood pressure, pain level, stress, and more. So let’s say you wake up at 2 a.m., and you don’t feel good, and you know something is wrong, so what do you do? You could call the hospital, or you could call your doctor, but they’re not going to answer the phone at 2 a.m. You have to decide whether or not to go to the hospital or call 911. However, if you’ve been monitored remotely through a company like G Medical, you can contact the call center for a consultation based on the data gathered from your monitoring equipment. This is a totally different way of monitoring patients because they don’t just have the devices. They also have someone who can show their data to them and help them decide whether to call 911 or go to the hospital or wait until the morning. You don’t get this kind of assistance with consumer-facing devices like the many smartwatches on the market. Q: What are some of G Medical’s best-selling and most important devices and services? A: All our services and devices are provided based on Medicare and commonly used healthcare billing codes, so physicians prescribe our services, and Medicare or the insurance company pays or reimburses for everything. Patients receive our devices and services either free of charge or with a deductible. Our Prizma ecosystem is the foundation for all our devices and services. It enables patients to build their own electronic medical record (EMR) using our suite of devices that monitor a wide array of vital signs, including ECG, oxygen saturation, body temperature, stress, heart rate, blood pressure, blood glucose levels, weight, and more. This EMR is accessible to them anywhere and at any time, and they have complete control over it. All the data that is recorded by the Prizma application, is being sent to the cloud and available to the patient on the patient’s portal. We also have a physician portal which allows the physicians to review the patient’s data and observe key trends. We also generate reports for the physicians based on all that data. Our monitoring services feed into Prizma and include an independent diagnostic testing facility, as I’ve mentioned. We also offer ambulatory electrocardiography (AECG), which is offline monitoring for heart patients over a period of seven to 14 days. After that period is finished, the patient goes back to their doctor, who uploads their data into the cloud, and we analyze that data to look for arrhythmias. Our AECG service uses the G Patch to monitor the patient. The Spider is one of the best cardiac monitoring devices on the market today. It provides real-time monitoring for specific arrhythmias. When these arrhythmias are detected, the Pre-event data, the event and the post-event data are transmitted to our data center. The patient’s doctor can understand their ECG readings before and after the event. We also offer home testing kits for a wide variety of health conditions so that patients can collect the necessary samples at home and send them into our CLIA certified lab for analysis. They can buy the relevant kit at the retail store or online, collect the sample in the privacy of their own home, and then ship it via the U.S. Postal Service to our lab. Patients receive the results within 48 hours of the sample arriving in our lab. G Medical is actually the only company offering both vital signs monitoring and at-home laboratory tests. A few others are doing either of these services, but we’re the only ones doing both at this time. Q: Where do you see healthcare going next? A: The future of healthcare technology is very bright. The sky’s the limit, and some of what we’re starting to see is almost like science fiction. One company received approval to offer tests using an implanted chip, and we’re also starting to see robots being used. For example, the robot might be in India, but the operators are in the U.S., and everything is done remotely. I was speaking with a well-known and respected doctor in Israel a while back, and he described the medical industry as a black hole because the gap between doctors and technology is 100 years. So every technology we’re throwing into the healthcare industry will be sucked into the black hole. Over time, more and more doctors are realizing what the technology offers, and of course, it has to be safe and cleared by the FDA and other regulatory agencies. When patients don’t feel well, they go to Google, start to read about their symptoms and possible related conditions, and ask their doctors about what they read. Of course, physicians want better tools to diagnose and monitor patients, so I think the future of healthcare is very bright because we have faith in technology. The author of the introduction, Michelle Jones, also edited this interview for clarity on behalf of Quantum Media Group, LLC and its client, G Medical Innovations Inc. This is a sponsored post. The views expressed represent the opinion of the author and are not intended to reflect those of ValueWalk or serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities. Any content in this post is NOT investment, trading, legal, or tax advice, and none of the information available through this blog is intended to provide tax, legal, investment or trading advice. Nothing provided through these articles, whether by the owner or posted by other writers, constitutes a solicitation of the purchase or sale of securities/futures. THE DATA AND INFORMATION PRESENTED ON THIS WEB SITE IS BELIEVED TO BE ACCURATE BUT SHOULD NOT BE RELIED UPON BY THE USER FOR ANY PURPOSE. ANY AND ALL LIABILITY FOR THE CONTENT OR ANY OMISSIONS FROM THIS WEB SITE, INCLUDING ANY INACCURACIES, ERRORS, OR MISSTATEMENTS IN SUCH DATA OR INFORMATION IS EXPRESSLY DISCLAIMED......»»

Category: blogSource: valuewalk6 hr. 20 min. ago Related News

: Twilio selling ValueFirst business after a little more than 2 years

Twilio Inc. TWLO said Thursday it was selling its ValueFirst business to India-based Tanla Platforms Ltd. IN:532790 for an undisclosed price. In a blog post, Twilio said it expects the deal to close in July. While Twilio did not list a price, one report said Tanla was paying $42 million for ValueFirst. The deal comes a little more than two years after Twilio acquired ValueFirst “with the primary intent to accelerate growth opportunities in India, as well as explore other products and services that ValueFirst has been delivering,” Twilio said in the post. “While India is still a strategic market for Twilio, we believe allocating our resources to other strategic priorities may have a greater impact on the future of our business.” Shares of Twilio were down 2.5% in recent activity.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Category: topSource: marketwatch7 hr. 36 min. ago Related News

Microsoft Adds OpenAI’s GPT-4 Models to Azure Government Services

After launching a commercial version of its Azure OpenAI offering, Microsoft will now add the powerful artificial intelligence language models behind ChatGPT to its Azure Government cloud computing service. After launching a commercial version of its Azure OpenAI offering, Microsoft will now add the powerful artificial intelligence (AI) language models behind ChatGPT to its Azure Government cloud computing service, Bloomberg reported. As a result, major US government agencies such as the Defense Department and NASA will gain access to GPT-4 and GPT-4 models. Microsoft to Implement ChatGPT Technology into Azure Government Microsoft Corp. is set to announce on Wednesday that customers of its Azure Government cloud computing service will now be able to access AI models developed by OpenAI – the prominent AI research lab behind ChatGPT. Although the release will likely not mention specific US government agencies expected to use the technology at its launch, it could include the US Defense Department, the Energy Department, and NASA, as these are federal government customers that use Microsoft’s Azure Government solution, according to Bloomberg. The move will offer government agencies access to two of OpenAI’s large language models (LLMs), including the latest and most powerful GPT-4, and its predecessor, GPT-3, through Microsoft’s Azure OpenAI service. It is confirmed that the Defense Technical Information Center (DTIC) – a Defense Department’s branch focusing on collecting and sharing military findings – will run experiments using the GPT models via Microsoft’s new product. Microsoft’s government customers can use OpenAI’s LLMs for a broad range of tasks, including getting answers to important research questions, generating computer code, and summarizing field reports, said Azure Global CTO William Chappell in the blog post reviewed by Bloomberg. However, while these agencies can use OpenAI’s models through a chat-like interface, they will not gain access to ChatGPT specifically, said the company’s spokesperson. Microsoft’s Commercial Azure OpenAI Service Seeing Strong Growth Before focusing on its government clients, Microsoft already launched ChatGPT’s underlying AI models to its commercial customers, with its Azure OpenAI service already seeing robust growth in recent months. According to the tech giant, the service was used by 4,500 customers in May, up from 2,500 in the previous quarter. Clients also included big companies such as Mercedes-Benz Group, Volvo, Ikea, and Shell. The Redmond, Washington-based company is the largest investor in OpenAI, which became the most popular AI developer months after its chatbot ChatGPT witnessed unprecedented success and growth. This prompted Microsoft to shift its focus from other areas, such as metaverse to AI, and invest billions of dollars in OpenAI. The tech leader also implemented OpenAI’s language models into its search engine, Bing, which Google overshadowed for decades. The ongoing AI frenzy left many other tech companies racing to launch generative AI services, including Alphabet, China’s Baidu, and Adobe. This article originally appeared on The Tokenist Sponsored: Tips for Investing A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit......»»

Category: blogSource: 247wallstJun 7th, 2023Related News

Marc Andreessen says AI will "make the world warmer and nicer," because even though it isn"t sentient, it"s more empathetic than humans

Andreessen wrote a 7,000-word blog post lauding AI's potential and warning against "full-blown moral panic" from cultish "AI risk doomers." Paul Chinn/The San Francisco Chronicle via Getty Images AI "will make the world warmer and nicer," according to A16z's Marc Andreessen. The investor wrote a 7,000-word blog post lauding the technology's potential. Andreessen also warned against "full-blown moral panic" from cultish "AI risk doomers." Marc Andreessen says that artificial intelligence is more empathetic than humans and "will make the world warmer and nicer."In a 7,000-word blog post published on both Andreessen Horowitz's website and Substack on Tuesday, the investor lauded the technology's potential and warned against "full-blown moral panic about AI."Both big AI companies and startups should be allowed to build AI "as fast and aggressively as they can" and there should be no regulatory barriers to open source AI, he wrote.Though AI has existed for years, its popularity has boomed since November's launch of generative AI chatbot ChatGPT, which creates text in response to prompts based on information it is fed. Other forms of generative AI can create images, videos, and audio files.Generative AI can help users in their personal, professional, and academic lives by saving time with routine tasks, gathering research, and conveying information concisely, such as generating recipes, writing letters, and designing marketing campaigns."AI is quite possibly the most important – and best – thing our civilization has ever created, certainly on par with electricity and microchips, and probably beyond those," Andreessen wrote. He said that AI would lead to a "golden age" for creative arts, bring about breakthroughs in technology and medicine, act as an "infinitely knowledgeable" coach and therapist, and tutor children, "helping them maximize their potential with the machine version of infinite love."Andreessen said that productivity would also "accelerate dramatically," leading to new jobs, new industries, and wage growth, and ultimately create a "new era of heightened material prosperity across the planet."But beyond the practical and economic benefits of the technology, Andreessen said that AI could have huge personal and social effects."Perhaps the most underestimated quality of AI is how humanizing it can be," such as helping people create art and acting as a friend, Andreessen wrote."AI medical chatbots are already more empathetic than their human counterparts," he continued, citing research which found that medical experts preferred ChatGPT's responses to patient questions."Rather than making the world harsher and more mechanistic, infinitely patient and sympathetic AI will make the world warmer and nicer."But despite this, and other human-like attributes Andreessen described AI as having, people need to remember that the technology isn't alive, he cautioned."AI doesn't want, it doesn't have goals, it doesn't want to kill you, because it's not alive," Andreessen wrote. "And AI is a machine — is not going to come alive any more than your toaster will."  Concerns have mounted over the ethics of generative AI, including the spread of deepfake images, the way that AI can sometimes hallucinate, or develop bias, and the risk of its being used for malicious purposes.Some scientists and CEOs have argued for stricter regulation and even a pause on advanced AI development so that researchers can assess the potential risks of the technology.Andreessen said that there was "full-blown moral panic about AI," in part fueled by "AI risk doomers" whom he described as a "cult.""The development and proliferation of AI – far from a risk that we should fear – is a moral obligation that we have to ourselves, to our children, and to our future," Andreessen wrote.Read the original article on Business Insider.....»»

Category: smallbizSource: nytJun 7th, 2023Related News

Marc Andreessen says that even though AI isn"t sentient, it"s more empathetic than humans, and will "make the world warmer and nicer"

Andreessen wrote a 7,000-word blog post lauding AI's potential and warning against "full-blown moral panic" from cultish "AI risk doomers." Paul Chinn/The San Francisco Chronicle via Getty Images AI "will make the world warmer and nicer," according to A16z's Marc Andreessen. The investor wrote a 7,000-word blog post lauding the technology's potential. Andreessen also warned against "full-blown moral panic" from cultish "AI risk doomers." Marc Andreessen says that artificial intelligence is more empathetic than humans and "will make the world warmer and nicer."In a 7,000-word blog post published on both Andreessen Horowitz's website and Substack on Tuesday, the investor lauded the technology's potential and warned against "full-blown moral panic about AI."Both big AI companies and startups should be allowed to build AI "as fast and aggressively as they can" and there should be no regulatory barriers to open source AI, he wrote.Though AI has existed for years, its popularity has boomed since November's launch of generative AI chatbot ChatGPT, which creates text in response to prompts based on information it is fed. Other forms of generative AI can create images, videos, and audio files.Generative AI can help users in their personal, professional, and academic lives by saving time with routine tasks, gathering research, and conveying information concisely, such as generating recipes, writing letters, and designing marketing campaigns."AI is quite possibly the most important – and best – thing our civilization has ever created, certainly on par with electricity and microchips, and probably beyond those," Andreessen wrote. He said that AI would lead to a "golden age" for creative arts, bring about breakthroughs in technology and medicine, act as an "infinitely knowledgeable" coach and therapist, and tutor children, "helping them maximize their potential with the machine version of infinite love."Andreessen said that productivity would also "accelerate dramatically," leading to new jobs, new industries, and wage growth, and ultimately create a "new era of heightened material prosperity across the planet."But beyond the practical and economic benefits of the technology, Andreessen said that AI could have huge personal and social effects."Perhaps the most underestimated quality of AI is how humanizing it can be," such as helping people create art and acting as a friend, Andreessen wrote."AI medical chatbots are already more empathetic than their human counterparts," he continued, citing research which found that medical experts preferred ChatGPT's responses to patient questions."Rather than making the world harsher and more mechanistic, infinitely patient and sympathetic AI will make the world warmer and nicer."But despite this, and other human-like attributes Andreessen described AI as having, people need to remember that the technology isn't alive, he cautioned."AI doesn't want, it doesn't have goals, it doesn't want to kill you, because it's not alive," Andreessen wrote. "And AI is a machine — is not going to come alive any more than your toaster will."  Concerns have mounted over the ethics of generative AI, including the spread of deepfake images, the way that AI can sometimes hallucinate, or develop bias, and the risk of its being used for malicious purposes.Some scientists and CEOs have argued for stricter regulation and even a pause on advanced AI development so that researchers can assess the potential risks of the technology.Andreessen said that there was "full-blown moral panic about AI," in part fueled by "AI risk doomers" whom he described as a "cult.""The development and proliferation of AI – far from a risk that we should fear – is a moral obligation that we have to ourselves, to our children, and to our future," Andreessen wrote.Read the original article on Business Insider.....»»

Category: smallbizSource: nytJun 7th, 2023Related News

The 6 Biggest Mistakes In Creating Multiple Income Streams

It’s likely that you have one primary source of income — just like most people. It’s fine to have a ... Read more It’s likely that you have one primary source of income — just like most people. It’s fine to have a single source of income. It can, however, be dangerous as well. How would you cope if your primary source of income dried up, or your job was lost? That’s exactly what happened in the aftermath of the pandemic, many people lost their jobs and were furloughed. The unemployment rate spiked in April after business closures and restrictions began in March 2020. By May, 23 million jobs were lost cumulatively. There hasn’t been a crisis as severe as this since the Great Depression. Suffice it to say, this created financial hardship for millions of people, which may explain why savings are dwindling and there’s record credit card debt. This is why having multiple income streams is so important. By doing so, you won’t have to worry about losing one income stream if another one runs out. Furthermore, Richard Corley, author of “Rich Habits: The Daily Success Habits of Wealthy Individuals”, analyzed IRS data and found that 75% of millionaires have multiple income streams. And, that makes sense. It is easier to pay off debt, save for retirement, and build wealth when you have multiple income streams. Creating multiple streams of income can be tricky, so let me tell you a few of the biggest mistakes people make. By avoiding these mistakes, you can generate multiple streams of income. 1. Master one revenue stream. Perhaps the biggest mistake I see people make, myself included, before making multiple streams of income is this. You need to master at least one reliable form of income. Maybe it’s your 9-to-5 job. And, that’s OK. In my case, it was when I became a financial planner that really taught me this. Five years into my career as a W-2 employee at the first investment firm I started with, I became an independent advisor before co-founding my own firm. After that, I became an independent contractor under 1099. At that stage of my life, I remember being obsessed with making money on the side, whether it be in real estate or multi-level marketing. But, that plan didn’t exactly work. So, instead, I pivoted and created multiple streams of income based on my experience as a financial advisor. Websites. My financial practice and GoodFinancialCents are two of the many income streams I have built over the years. Until recently, I was earning a side income while helping people decide which kind of insurance they needed through LifeInsurancebyJeff.com. Investing. Investing is the most obvious way for me to earn extra income. While everyone invests differently, most people use mutual funds, ETFs, or dividends to make extra income. Media deals. Media deals are another source of income. Years ago, I would never have imagined this happening, but it has worked out quite well. Putting myself out there by doing YouTube videos and interviews is something I enjoy already. Through media deals, I’ve had the opportunity to represent and market the products of big financial brands. Creating online courses. Additionally, I have launched an online course for financial advisors – The Online Advisor Growth Formula. Revenue from this resource alone exceeds $100,000. But, I’m not the only one who knows this secret. “When you are deciding on adding another income flow, I want you to consider something in the same industry or a parallel one,” advises Grant Cardone. “This approach allows these multiple flows to feed and fuel one another, which ensures their strength.” As the expert in your field, you know the ins and outs like no other, he continues. Having to deal with problems on a daily basis is part of what you do. As a result, you could even invent a business solution to earn additional income. “The possibilities are endless, and it’s the way to make this technique work without running in circles,” Cardone adds. 2. Make sure you don’t obsess over other people’s incomes. Don’t be influenced by what others make. Instead, focus on you. Do what feels right to you, and forget about outside influences telling you you aren’t hustling enough. There is no guarantee that every income stream will be suitable for you. Case in point, I had a chance to start a marathon when I lived in a wine country with a former client. Two problems. I didn’t drink wine. And, because I have bad knees, I hate running. There was a lot of money to be made. However, I was neither knowledgeable nor passionate about it. Relax and enjoy the feeling of contentment. You shouldn’t feel guilty about setting your own achievements and earnings goals. It’s incredible what happens when you realize what is good enough. Eventually, you become good enough. Just because someone else made $15k last month with a blog, home-based business, social media influencer, or monetized YouTube channel, think twice before taking the plunge yourself. Don’t forget the cost you may incur in terms of joy, sanity, energy, time, and self-esteem. These are the things that may be taken away from you. In short, there is no reason not to take chances or strive for success. Rather, you should decide what is best for you rather than what is appropriate for someone else when taking a risk. 3. Your other revenue streams are affected. Let me tell you the story of Nathan Barry. It’s 2007 and Nathan is studying graphic design and marketing at Boise State University. While building websites for companies, he dropped out of college and started his own business. During the global financial crisis of 2007/2008, however, work dried up, and he took a job as a contractor at a digital communications software company before going back to freelancing. His sales soon exceeded $2,000 per month. His blog, eBooks, and packages with useful code and other resources for app-making were published through his blog and self-publishing. A lot of money was being made from the sales of his books. Within 24 hours of his first book launch, he did $12,000 in business, and the following day his second book launch did twice as much. In order to build his subscriber list and promote his products, Nathan used Mailchimp to build his email list. Although he used the email marketing service and marketing automation platform, he always felt limited by their limitations. He then founded and became CEO of ConvertKit to solve this problem. It was his opinion that he might be able to sustain both businesses simultaneously in a podcast interview. But he found that his book business took a serious dip as he couldn’t dedicate as much time to it. Nathan eventually reached a crossroads. Shut down ConvertKit or devote more time to it to make it something special. “So I shut down my course business because I’m not good at doing two things at once,” he said on the Go-To Gal Podcast. “I’m a focused person. And all these people are like, oh, I’m a serial entrepreneur; I run seven businesses. I’m like great, I’m so happy for you. That is not me at all. I run one business. And hopefully, I do it well.” It is easy for new revenue streams to take over existing projects when added. As long as you’re not against dedicating more time to the project requiring more attention, that’s fine. However, if you do not look forward to your new project, you might find it challenging. 4. You’re a victim of shiny object syndrome. For those not familiar with Shiny object syndrome (SOS), it is a state of constant distraction that arises from an ongoing belief that there is something new to pursue. As a result, it takes away from what’s already planned or in progress. It’s rooted in that childhood phenomenon of wanting a new toy even if you don’t want to part with your current one. Basically, it’s chasing the next “Great Thing,” the current “Flavor of the Month,” or quick cash. While shiny objects may be appealing, they do not provide long-term benefits. Decide what your goals are and how the new opportunity aligns with them. Think about the impact this new income stream will have on your life and business. Understand the time required for the opportunity and what you hope to achieve. Take into account the required financial investment as well. Consider taking action only when there are clear benefits. Do not overload yourself by doing too many things at once. Instead, focus on your current priorities. 5. Passive income isn’t really passive. You should diversify your income into passive income assets. Ideally, this shouldn’t take a lot of effort or brainpower. To keep passive income sources flowing over nicely and from grinding to a halt or even costing you money, you must still take action from time to time. One of the best examples of this is investing in real estate. As much as you would like to see your portfolio generate rental income over time, you also need to accept the responsibility for maintaining the premises and resolving tenant issues. This type of management can be outsourced to a third party. However, you should also take into account the associated fees. 6. More income streams, more responsibilities. It’s hard to track multiple revenue streams without good reporting. As an example, you might have four streams of income to juggle. To properly evaluate revenues, expenses, and profits, you may need the assistance of an outside bookkeeper. People don’t tell you that when you earn multiple streams of income, you take on more responsibilities as well. However, I began to realize which parts of the day-to-day task I needed to eliminate. You can do this by hiring virtual assistants and, independent contractors, or even full-time employees. But, the hiring process still can be time-consuming. And, this will also eat into your profits. FAQs Multiple income streams: what are they? It just means that you have income coming from multiple sources if this is your first time hearing about it. You have multiple streams of income if, say, you have a 9-5 job, drive for Uber, or create YouTube videos. What are the benefits of multiple income streams? Multiple sources of income are important because they allow you to retain your income if one source ceases or is eliminated. If anything goes wrong, there’s always a safety net to catch you. Savings can be increased by earning additional income. Growing your savings account is key to protecting against unexpected costs and living cost increases, as well as reaching goals like early retirement. To build wealth and succeed financially, you need multiple income streams. Many millionaires have more than one source of income. A variety of income streams allows you to have peace of mind about your finances because you aren’t dependent on one job or investment. What are the best ways to generate multiple streams of income? Investing in rental properties, buying stock market investments, or selling products or services online are all ways to create multiple income streams. In order to create additional sources of income, you should assess your skills and interests. Can full-time workers create multiple income streams? Yes. You can create multiple income streams as well as work a full-time job. Often, people begin with part-time freelance work or side hustles, gradually increasing their income and potentially transitioning to full-time self-employment. Which income streams are right for me? It is important to take your skills, interests, and resources into consideration when choosing an income stream. Researching markets and identifying opportunities that are available and in demand is also helpful. Developing multiple income streams gradually is okay if you start small. The post The 6 Biggest Mistakes in Creating Multiple Income Streams appeared first on Due......»»

Category: blogSource: valuewalkJun 6th, 2023Related News

Marc Andreessen has a plan to use "AI to save the world" – and it doesn"t involve regulation

Andreessen writes that if AI companies and startups are allowed to build "fast" and "aggressively" without regulation, society will benefit. Marc Andreessen, general partner and cofounder of VC firm Andreessen Horowitz.Justin Sullivan/Getty Images Marc Andreessen writes that AI can "make everything we care about better" in a new blog post. He believes AI companies should be able to build fast and aggressively without regulation. This will help society benefit from companies that are the "jewels of capitalism," he writes. The current AI wave wouldn't be complete without a pithy missive from famed venture-capitalist and entrepreneur Marc Andreessen. The cofounder of namesake VC firm Andreessen Horowitz, or a16z as it's commonly known, dispelled fears about AI's risks to humanity – both tangible and imagined  – in a lengthy blog post, insisting AI can "make everything we care about better."Tucked within his philosophical examination on the perceived perils and potential of AI, Andreessen reveals why he's a staunch supporter of the technology and what needs to be done in order to "drive AI into our economy and society as fast and hard as we possibly can, in order to maximize its gains for economic productivity and human potential."To that end, he believes AI companies of all stripes should be able to build "as fast and aggressively as they can," but without the involvement of the US government either through regulation or through an agency that insulates them from market competition."This will maximize the technological and societal payoff from the amazing capabilities of these companies, which are jewels of modern capitalism," Andreessen wrote.AI regulation, particularly after the explosion in generative AI and the startups building out the technology, has been on the minds of many these days including lawmakers in Congress, about how to address the fast-growing technology in light of potential misinformation, copyright violations, and threats to jobs. Sam Altman, cofounder and CEO of OpenAI, the startup behind ChatGPT, urged US Senators last month to regulate AI, saying that it was "critical to mitigate the risks of increasingly powerful models."Altman has become the posterboy for AI after his company's wide scale release of ChatGPT last fall. Despite knowing AI's vast potential and wanting it to thrive, he's also keenly aware of the risks it poses. To help avert those risks, Altman recommended to lawmakers that a new agency should be created to police AI projects, particularly ones that operate at higher levels of capabilities. And that agency should be able to hand out licenses for advanced AI work, and also have the power to take them away should they break any established safety rules. But Andreessen thoroughly disagrees with Altman. He believes that the future of AI should be decided by the free market.  He argues that open source AI – projects like MindsDB, which recently raised $25 million – should be allowed to spread freely and, because they tend to offer free versions of their wares, they can compete with commercial AI companies and startups. And even if open source projects don't end up beating companies, the mere availability of such software will allow a generation of willing students to learn how to build and use AI, he argues. To offset the risks of AI being used for nefarious purposes and to block China from becoming an AI superpower, the private sector needs to work with governments to come up with solutions. "AI can be an incredibly powerful tool for solving problems, and we should embrace it as such," Andreeseen wrote. He also says his firm is eager to fund AI startup founders.Andreessen Horowitz has already made a splash there, recently leading a $50 million seed round alongside General Catalyst for Hippocratic AI, a healthcare focused, large language model startup, coleading a $10.4 million Series A in Coactive, and also coleading a seed round into London-based AI startup ElevenLabs with ex-GitHub CEO Nat Friedman, Insider previously reported. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 6th, 2023Related News

Binance sees $780 million of outflows since being sued by the SEC for breaking securities rules and running a "web of deception"

The SEC said that Binance has operated an illegal exchange and engaged in a "web of deception" meant to flaunt US securities rules. BinanceSOPA images Binance customers pulled $790 million from the exchange in the 24 hours after it was sued by the SEC.  The regulator said that the exchange was operating illegally and has violated securities rules.  Binance disputed the claims. The SEC sued Coinbase a day later for also violating regulations.  Customers pulled close to $1 billion from Binance in the 24 hours after it was sued by the US Securities and Exchange Commission for violating securities rules and operating an illegal exchange.The regulator's complaint says the world's biggest crypto exchange was involved in a "web of deception" meant to flaunt securities rules. Binance has seen $780 in net outflows in ethereum since being sued by the SEC, blockchain analytics firm Nansen tweeted on Tuesday. Investors have deposited $871.7 worth of ethereum in the past 24 hours, though there were $1.65 billion in total outflows, Nansen said. That comes after regulators filed 13 charges against Binance and its CEO Changpeng Zhao on Monday. Among other violations, regulators have accused the firm of misrepresenting trading controls on Binance.US, as well as secretly allowing "high-value" US clients to trade on Binance.com, though American customers are supposed to restricted from its main investment platform."Through 13 charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law," SEC chief Gary Gensler said in a statement. "They attempted to evade U.S. securities laws by announcing sham controls that they disregarded behind the scenes so that they could keep high-value U.S. customers on their platforms. The public should beware of investing any of their hard-earned assets with or on these unlawful platforms."Binance and Binance.US disputed the claims in a blog post and in a post on Twitter. The exchange has been scrutinized for its compliance with US laws for months. In February, the Wall Street Journal reported that the SEC was investigating the relationship between Binance.US and Sigma Chain and Merit Peak, two trading firms that are affiliated with Zhao. Part of the SEC's complaint says that Sigma Chain was a wash trading operation controlled by Zhao and meant to inflate Binance's trading volumes. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 6th, 2023Related News

AI bullishness may be setting the stock market up for a "Mother of All Melt-ups," Yardeni Research says

"Now that the latest fiscal cliff has been averted, is another MAMU underway led by stocks that are AI frenzy plays? Maybe," Ed Yardeni wrote. Ed Yardeni.Brendan McDermid/Reuters A massive melt-up may be occurring as investors pile into AI-related stocks, Ed Yardeni wrote. Such "Mother of All Melt-ups" tend to occur come at the end of a bull market, he said. "We sure hope this bull market doesn't get there too far ahead of schedule." Investor bullishness on artificial intelligence stocks may be fueling another "Mother of All Melt-ups," according to Yardeni Research President Ed Yardeni.Yardeni Research coined the term in 2013, when it predicted a massive market upswing fueled by central bank liquidity. That so-called MAMU ended as the pandemic hit in February 2020.A new MAMU began soon after that in March 2020 as the Federal Reserve unleashed another round of monetary stimulus. But it ended in January 2022, when "investors started to conclude that nothing is forever in the stock market," Yardeni wrote in a Sunday blog post."Now that the latest fiscal cliff has been averted, is another MAMU underway led by stocks that are AI frenzy plays? Maybe," he saidThat's as the S&P 500 has jumped 19.7% after bottoming in October, while the Nasdaq 100 is up 29.6% after a December low, he added.That rally has been led by eight mega-cap stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Netflix, Nvidia, and Tesla — which soared 58.1% from a January low. To varying degrees, most of those companies have a focus in AI, whether creating the computer chips to develop the technology or implementing AI into their existing services. And after reaching a combined market cap of $10.7 trillion through Friday's close, those eight stocks alone account for a record 26.6% of the S&P 500, Yardeni noted."Since the start of this year, we have been targeting 4600 on the S&P 500 by the end of this year," he said. "That was and still is a contrary call. We sure hope this bull market doesn't get there too far ahead of schedule. Past MAMUs have always occurred at the end of bull markets, not when they are just starting."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 6th, 2023Related News

How influencers make money from affiliate marketing and the networks they use

Instagram, YouTube, and TikTok offer affiliate marketing programs to creators. Some influencers make thousands of dollars each month. Kara Harms is a full-time blogger who earns part of her income through affiliate marketing.Whimsy Soul Influencers frequently share links to their Instagram Stories or below their YouTube videos. Those links are often affiliate marketing links that let creators earn a commission on sales.  We spoke with creators about how much money they earn from influencer affiliate marketing. All those links on Instagram Stories or below a YouTube video aren't all for the convenience of the viewer — they're how many influencers make money from affiliate marketing. What is influencer affiliate marketing? When someone makes a purchase on a website after clicking through a trackable link or using a specific code, the influencer who posted it can earn a commission from that sale in what's called affiliate marketing. Influencers often use affiliate marketing as a way to earn income outside of sponsored posts or ad revenue on videos.From brands like Amazon or Revolve to affiliate marketing platforms like LTK or MagicLinks, there are a handful of ways for influencers to earn a commission from promoting products on social media."There's a very low barrier to entry to using affiliate programs," influencer Kara Harms previously told Insider. "That's why it's such a powerful tool for all content creators, but especially new ones, to monetize their content quickly and effectively."Here are 9 top platforms influencers used to make money from affiliate linksThere is often no minimum follower count needed to make money from affiliate marketing. This is one reason it's become popular among  "nano" and "micro" influencers (with between 1,000 and 100,000 followers) to start making money and working with sponsors as content creators.Check out 7 top brands that work with micro influencers on Instagram, TikTok, and moreHow lucrative affiliate marketing is for an influencer depends on several factors such as their following size, engagement, and which industry they are in. It also depends on the commission rates brands and platforms put in place.For instance, some finance influencers can make a decent portion of their income from affiliate links alone. They might work with investing apps like Robinhood or Acorns.One personal-finance influencer, Tori Dunlap, told Insider she made more than $200,000 in eight months. Other influencers say they earn a few hundred dollars here and there. Some influencers even text their followers with links to their favorite products as a way to drive sales. Social media platforms themselves have tried to dabble in affiliate marketing as well, such as Instagram's short-lived native affiliate program that had some creators earning hundreds of dollars until it ended in August 2022.Insider has talked with many influencers and industry experts about affiliate marketing. Here's a rundown of what they told us they have earned.How much do influencers get paid from affiliate marketing?We spoke with a handful of influencers about how they incorporate affiliate links into their content. Several detailed their monthly earnings. They ranged from about $50 per month to more than $25,000 per month.Here's how much money 11 creators make from affiliates:Tori Dunlap, a personal-finance influencer on TikTok with 2.2 million followersErika Kullberg, an attorney and YouTube creator with 1.2 million subscribersCharlie Chang, a YouTube creator with 974,000 subscribers who posts personal finance and real estate contentRyan Scribner, a personal finance YouTuber with 808,000 YouTube subscribersVi Lai, a skincare influencer with 915,000 followers on TikTokKeesh Deesh, a Facebook creator with over 360,000 followers who posts about dealsKara Harms, a full-time blogger with a social-media following of over 300,000 followersErin Confortini, a personal finance with 235,000 TikTok followersCharli Prangley, a part-time YouTube creator with about 221,000 subscribersBethany Everett-Ratcliffe, a fashion and lifestyle micro influencer with 65,000 Instagram followersKayla Compton, a lifestyle nano influencer with 7,600 YouTube subscribersRead the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 6th, 2023Related News

Tuesday links: the pursuit of more

MarketsManaged futures have bounced back after a rough Q1. (rcmalternatives.com)Using asset class return forecasts is a bad way to invest. (klementoninvesting.substack.com)Are commodities a broken asset class? (monevator.com)CryptoWith Binance, the SEC is only accelerating its crackdown on crypto. (slate.com)The SEC is focused on Coinbase's ($COIN) staking service. (coindesk.com)Crypto-enthusiasts are pulling assets from Binance. (markets.businessinsider.com)AppleWhat is the use case for the new Apple ($AAPL) Vision Pro? (stratechery.com)Ten takeaways from WWDC 2023 including 'The Apple Watch keeps getting better.' (om.co)What game developers think about Apple's new device. (venturebeat.com)The Vision Pro is the opposite of prior Apple ($AAPL) innovations. (wired.com)Sequioa CapitalSequoia Capital is splitting in three, based on geography. (forbes.com)How the Sequoia Capital split will work. (axios.com)EconomyThe U.S. economy seems to have found a new equilibrium. (danieldrezner.substack.com)But the U.S. consumer may finally be faltering. (bonddad.blogspot.com)Earlier on Abnormal ReturnsResearch links: intangible value. (abnormalreturns.com)What you missed in our Monday linkfest. (abnormalreturns.com)Adviser links: sharing your expertise. (abnormalreturns.com)Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)Mixed mediaWhy everybody is watching TV with the subtitles on. (theatlantic.com)Why was the media so obsessed with 'Succession'? (axios.com)The best TV shows of 2023, so far. (vulture.com).....»»

Category: blogSource: abnormalreturnsJun 6th, 2023Related News

"It"s A One-Sided Market"

"It's A One-Sided Market" Authored by Lance Roberts via RealInvestmentAdvice.com, In several recent blog posts and weekly Bull Bear Reports, we discussed our concern over the narrow breadth of the rally in 2023. To wit: “The A.I. chase is making for a very narrow market. As Bob Farrell once quipped: “Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.” Breadth is important. A rally on narrow breadth indicates limited participation, and the chances of failure are above average. The market cannot continue to rally with just a few large-caps (generals) leading the way. Small and mid-caps (troops) must also be on board to give the rally credibility. A rally that “lifts all boats” indicates far-reaching strength and increases the chances of further gains.” As we noted then, we can visualize the outperformance of the mega-capitalization stocks by looking at the spread between the market capitalization and equal-weighted indices. The following chart underscores the remarkable year-to-date outperformance of the unweighted Nasdaq versus the equal-weighted Index. This NDX > NDXE spread is now +11% on the year, by far the widest spread over any 4.5 month period in the last 18 years.” The chart is updated through the end of May and shows the full 5-month historical differentials. That spread is now the largest on record at more than 15%. It’s A One-Sided Market As noted in last week’s post, the absolute versus relative performance of the S&P 500’s market sectors shows a similar breadth of participation. Or, rather, a lack thereof. “The technology trade is absorbing the bulk of inflows as every other market sector remains under pressure. Such is due to the continued economic and fundamental outlooks of weaker growth, bank stress, and higher rates.” If we dig deeper, we find the same “breadth” problem is more apparent when considering factor participation. This analysis used the Vanguard Mega-Cap Growth ETF (MGK) as a proxy for the top-10 stocks compared to Small and Mid-Cap stocks (IWM) and the Equal Weighted index (RSP). We even included the Vanguard High-Dividend Yield ETF (VYM). What is abundantly clear is that owning any other assets other than the largest market-capitalization stocks has led to rather disappointing performance this year. However, a look at the advance-decline ratio of the S&P 500 gives a very different story. Market Breadth Is Just Fine? Just recently, Barry Ritholtz published “10-Bad Takes On This Market,” which is worth a read. However, he points out that market breadth is much better than many believe. To wit: “There are many ways to depict how broad market participation is, but the simplest is the ADVANCE/DECLINE line. It measures how many stocks are going up versus down. Here are the NDX & SPX (Redlines at bottom). Both seem to be doing fine.” To his point, it certainly appears that breadth is much better than much of the data suggests. However, there is a problem with the analysis. An explanation of the Advance-Decline line is needed to understand the issue better. “The advance/decline line (or A/D line) is a technical indicator that plots the difference between the daily number of advancing and declining stocks. The indicator is cumulative, with a positive number being added to the prior number, or if the number is negative, it is subtracted from the prior number.” – Investopedia The key to the definition is the “number of advancing or declining stocks.” This is important to our understanding of what is happening in the overall market. While the indicator tracks the number of rising or falling stocks daily, it does not account for two things: The amount by which those stocks are rising or falling. Volatility and rotation between sectors of the market. (Some stocks may be up one day but down the next.) Analyzing The S&P 500 The chart below shows every stock in the S&P 500 and whether it is positive or negative for the year. As shown, quite a few stocks are positive for the year, but more than half are not. The horizontal red line shows the number of stocks with a return of greater than 10% year-to-date. This data is clearly different than what the Advance-Decline line suggests. However, let’s drill down into the data a bit more. The next chart shows only the stocks in the S&P 500 that have positive returns (as of the end of May) for the year. (Click the chart to enlarge) As noted above, out of 500 stocks in the index, less than half are positive for the year, and many are just barely positive. However, on a year-to-date basis, less than 25% of stocks are sporting returns greater than the market as of the end of May. Of course, the mega-cap stocks are leading the returns for the year by a large margin. Such is an important fact when you consider the weights of these mega-capitalization companies within the S&P 500 index. Each percentage point gained in those stocks has an outsized impact on the index as a whole. As shown, each point gained by the top 10 companies in the index has the same impact as that gained by the bottom 426 stocks. If the bottom 426 stocks gained one point each, but the top 10 stocks were flat, the market advance would be zero. In other words, the market breadth, as determined by the advance-decline line, would be strong, but the market would not advance. See the problem? It’s A Bull Market Until It’s Not While the narrowness of the market advance is a concern, as we have stated previously, such advances can last much longer than is logical. As we showed previously, the current market advance based on speculation in “artificial intelligence” continues to track along what we saw in the 1999 “Dot.com” moonshot. If you invested in the market in 1999, it was a literal “mania.” Companies were frantically launching websites and changing corporate focus to “the web” during earnings calls. Portfolio managers launched funds to chase internet-based stocks, and other funds simply changed the fund’s name to capture fund flows from the internet mania. Of course, it was all over by March of the following year, and all of the gains that were made, for most, were lost. The internet is still here, of course, and it has changed the world as we know it. The problem, as is the case today, is that the earnings growth expected from the Internet failed to mature. It wasn’t that companies didn’t grow earnings to a great degree, but the expectations were so outlandish that many companies would never be able to achieve them. In simpler terms, valuations eventually mattered. Today, we are witnessing much the same as a narrow market rally buoys the index, excites investors, and creates dreams of unimaginable riches. Let me restate my previous conclusion, in case you missed it. As investors, it is essential to participate in these market evolutions. However, it is equally important to remember to sell when expectations exceed fundamental realities. In other words, in the famous words of legendary investor Bernard Baruch: “I made my money by selling too soon.” Tyler Durden Tue, 06/06/2023 - 09:20.....»»

Category: dealsSource: nytJun 6th, 2023Related News

10 Things in Tech: Hello, Apple Vision Pro

In today's edition: Apple unveils $3,499 Vision Pro, Disney develops content for Apple's headset, and Linda Yaccarino starts as Twitter CEO. Hello, readers. Lara O'Reilly, a senior correspondent on the advertising team in London, here.The Nerd Helmet, as coined by The Wall Street Journal's Joanna Stern, has arrived! Apple on Monday unveiled its first hardware release in almost a decade: The $3,499 Vision Pro mixed-reality headset.The launch sees Apple go head-to-head — or should I say headset-to-headset — with Meta. But while Meta has aimed to make VR/AR affordable for the masses, with limited success, Apple is squarely aiming the Vision Pro at early adopters and developers.Let's get you up to speed with all you need to know from Apple's Worldwide Developer Conference and the rest of today's tech news.If this was forwarded to you, sign up here. Download Insider's app here.Apple's Vision Pro headset has an exterior "EyeSight" display to make your eyes visible to others around you.Apple1. Say hello to the Vision Pro. The headset, which is set to go on sale early next year, represents Apple's future vision of personal computing. It's packed with cool features — though Apple CEO Tim Cook and other executives seemingly didn't want to dent the Vision Pro's street cred by donning the device themselves.The headset uses 12 cameras, five sensors, and six microphones to track a user's hand movements. It also uses high-speed cameras and a ring of LEDs that project light patterns onto a user's eyes to understand where they're looking at all times. The device lets you see your surroundings with breakthrough "EyeSight" tech. EyeSight alerts the user to the presence of other people — and when someone approaches a Vision Pro wearer, the headset brings them into the user's field of vision, while at the same time displaying a digital likeness of the user's eyes. Disney CEO Bob Iger hopped onto the WWDC stage to showcase how the company will bring entertainment content to the device. The Vision Pro will let you watch movies and TV on a massive virtual screen in environments like space, or drop you right into the action like in an underwater tour, and could change the way we watch sports by letting users control the camera. Catch up with everything we know about Apple's latest hardware announcements here.In other news:Former Theranos CEO Elizabeth Holmes.Justin Sullivan/Getty Images2. An inmate handbook details life inside the minimum-security prison where former Theranos CEO Elizabeth Holmes is serving her 11-year sentence. It involves 6 a.m. wake-up calls and phone access is limited to about 10 minutes per day. Check out the full Bureau of Prisons inmate admission and orientation handbook.3. Linda Yaccarino began her first day as Twitter CEO this week. Ahead of her arrival, Elon Musk had instructed engineers to revamp Twitter's defunct livestreaming platform Periscope as he zeroes in on building live video, sources say. Read more.4. OpenAI CEO Sam Altman is privately attempting to reassure developers using the company's tech that it won't compete with them beyond ChatGPT. A blogpost was published about a closed-door meeting Altman held with developers and founders. The post was taken down but an archived version revealed Altman told them OpenAI won't release more products beyond ChatGPT, and that he's concerned about a chip shortage.5. Venture capital firm Sequoia is pulling out all the stops to dominate in AI. Insiders say Sequoia rolled out public AI office hours and it has hosted glitzy summits to woo founders as it makes AI a top priority. Find out how Sequoia is looking to cement its position in the white-hot AI space.6. The US Securities and Exchange Commission is suing Binance and its CEO, Changpeng Zhao. The lawsuit accuses the world's largest cryptocurrency exchange of breaking US securities rules and operating an illegal exchange. Binance said it intends to defend its platform "vigorously." Read more.7. Brokerage firm Bernstein just released one of its famous "blackbook" research reports. This one outlines how to invest in AI and how the market is likely to develop. Here are some highlights from the 300+ page report.8. Hollywood's next big fight is over how actors will get paid for work performed by their AI "digital doubles." AI has been a sticking point in the current round of contract negotiations between the Alliance of Motion Picture and Television Producers — which represents Hollywood entertainment companies — and the directors' and writers' guilds. With the rise of convincing AI-generated deepfakes, the situation for actors is even more fraught.Odds and ends:The New York Stock Exchange on Wall Street.Roy Rochlin / Getty Images9. Want to nab a tech job on Wall Street? Recruiters, tech executives, and Wall Street insiders dished on the most-important coding languages to learn. Here are 8 programming languages that could give you a leg up.10. Apple is making improvements to AutoCorrect. "In those moments where you just wanna type a ducking word, well, the keyboard will learn it too," said Apple software boss Craig Federghi at Apple's WWDC event on Monday. About ducking time.Curated by Lara O'Reilly in London. (Feedback or tips? Email loreilly@insider.com or tweet @larakiara.) Edited by Jack Sommers in London.Read the original article on Business Insider.....»»

Category: smallbizSource: nytJun 6th, 2023Related News

No job, no problem: For some, a "funemployment" summer after quitting sounds like a perfect plan

Some people quitting jobs are embracing funemployment, or unemployment that is liberating and empowering, rather than scary. Delia PenaDelia Pena Some people in between jobs are embracing what's known as "funemployment." It's a term that describes unemployment as liberating and empowering, rather than scary. In an opinion piece, NYU professor Suzy Welch said she was unsure if it's "brilliant or bonkers."  Delia Pena, who was laid off from her data-entry job in late March, has many things she wants to accomplish this summer. A road trip across the South with her teenage niece; finishing the epoxy collage she's been working on for weeks; wrapping up the second season of the podcast she hosts; and lots of yoga. Conspicuously missing from those plans? Looking for a new, full-time job. "I want to take a beat and decide how I'm going to live my life," Pena, 37, told Insider. "I'm entitled to have some fun. It doesn't need to be a rat race."Pena, who makes money delivering for DoorDash and ghostwriting blogs, said she's unfazed by recent economic uncertainty. "I'm not concerned about getting a job later. I'm pretty resourceful."Pena is embracing what's known as "funemployment" — a term that describes joblessness as liberating and empowering, rather than depressing and scary. Instead of worrying about finding a new gig as fast as possible, the funemployed enjoy their time off by taking trips, spending time with loved ones, and rekindling their creativity.The label has been part of the vernacular for years, but TikTok and Instagram have a way of recycling old ideas and making them feel new again. And at a time when Gen Z's approach to work-life balance — with the emphasis on life — is in the air, certain talking heads can't help but weigh in. In a recent Wall Street Journal op-ed, Suzy Welch, the NYU professor, said she was unsure whether funemployment was "brilliant or bonkers." Randall Peterson, a professor of organizational behavior at London Business School, told Insider that taking an extended period between jobs "as a time for reflection is healthy," as long as "you're not just burning through cash."The pandemic changed the way many people think about work and helped clarify what they want out of their lives, he said. "We've long had this Protestant work ethic where work is its own virtue and hard work is part and parcel to a well-lived life," he said. "But the pandemic drove home that what's important in life is relationships. Many people are realizing that work is not where they find the most meaning."When in-between jobs, recreation calls More than three years into a pandemic that's shifted people's priorities about work and life, surveys suggest that many people feel both burned out at work and restless in their jobs. So when an opportunity for time off presents itself, some are seizing the chance. Roughly 28% of recently laid-off workers said they planned to take some form of break before starting their next job, according to a January 2023 survey of more than 2,000 US adults who'd lost their jobs in the second half of 2022 conducted by ZipRecruiter.Fresh figures from the Labor Department suggest that they're not crazy for doing so. While the so-called Great Resignation, the unprecedented period in which workers quit for new, often higher-paying jobs — might be on its way out, the employment market overall looks strong. Layoffs remain low, and there are roughly 1.8 open jobs for every unemployed worker. Because resume gaps no longer hold the same stigma and people can make extra cash doing gig work, a period of funemployment sounds just about perfect for some, said Julia Pollak, the chief economist at ZipRecruiter. "People now have more freedom to hop in and out of the labor market," she told Insider. Wren TaylorWren TaylorTo be clear: Not everyone is so lucky. Most Americans live paycheck to paycheck and the vast majority of people who lose their jobs look for a new one right away, noted Pollak. But many of those who have bit of leftover pandemic savings and perhaps some severance are taking their sweet time.Wren Taylor, 35, enjoyed her summer of funemployment last year after being laid off from her corporate marketing job. Living off her severance and savings (she has health insurance through her spouse), she learned to bake a perfect baguette, started a vegetable garden, wrote a novel, and backpacked California's Trans-Catalina Trail. Many of the older hikers she encountered told her that they wished they'd done the trek when they were younger, fitter, and had better knees, but they could never fit it in around work."Their comments affirmed that I wasn't wasting my time," she told Insider. "Up until that point, I'd spent my whole life hustling in my career."Wren started applying for jobs last fall, just as her self-published novel began earning some real money. During job interviews, she said that all she could think about was the freedom she'd lose by going back to a traditional job. So she made the decision to become a full-time writer. "After a while, my corporate career didn't feel like the shiny sparkly dream it was presented as," she said. "It feels weird to say, but all of the income I earn now is through writing novels, and I absolutely still work 40 hours a week."Read the original article on Business Insider.....»»

Category: smallbizSource: nytJun 6th, 2023Related News

Why are there no photos of Tim Cook and other Apple executives wearing the company"s Vision Pro headset?

Tim Cook may want to avoid the ridicule that Mark Zuckerberg has faced when he repeatedly wore Meta's VR headsets. A model wearing the Vision Pro headsetApple Top Apple reporter Mark Gurman noted there are no photos of Tim Cook wearing the Vision Pro headset. The Apple CEO may want to avoid the ridicule Mark Zuckerberg faced when he wore Meta's VR headsets.  These headsets suffer the same problem: They are nerd goggles that make most people look uncool.  At the end of a busy day covering Apple's latest gadget, reporter Mark Gurman noticed something strange: There were no images of CEO Tim Cook or other Apple executives wearing the company's new Vision Pro headset. "Unless I missed something, it is very curious to me why there are no photos of Tim Cook or other Apple executives actually wearing the Vision Pro. If that is indeed true, that was of course a calculated decision. The question is why?" Gurman, the top Apple reporter, tweeted late on Monday. This is a radical departure from the way Apple has introduced products over the years. When Steve Jobs unveiled the iPhone in 2007, he held it in his hands and demo-ed it live on stage. Steve Jobs with the first iPhoneAPThis time, the Vision Pro device was shown on the faces of various models, who were mostly women. There are a few shots of Cook standing next to the new device, which is perched on some sort of white stick-like structure. Various theories are being floated on why Cook and other Apple executives haven't been pictured wearing the devices. Some observers said live demos of new products are dicey, so Apple may have wanted to avoid any snafus on stage. "They need it to look cool, and old white guys don't pull that off," wrote Apple blogger Zac Hall. Gurman, and others, suspect Apple is trying to avoid the fate of Mark Zuckerberg, who has been photographed wearing Meta's VR headsets many times. Mark Zuckerberg demos an Oculus VR headset with touch controller.FacebookImages like these have contributed to a sense of Zuck being an out-of-touch tech billionaire who is more interested in a digital metaverse than the real world. And as Meta's VR business has struggled with massive losses, he's been ridiculed online with memes showing his goggled face. —Mark Gurman (@markgurman) June 5, 2023 A simpler explanation is that these headsets make people look decidely uncool. Who wants to wear something like that in front of other people? "Nobody looks good wearing a headset. We all look like big nerds," tweeted Phillip Shoemaker, a former Apple App Store executive.Read the original article on Business Insider.....»»

Category: smallbizSource: nytJun 6th, 2023Related News

Companies are using Twitter"s own tools to keep their ads away from Elon Musk"s tweets

Twitter has "adjacency controls" promoted by Elon Musk that help companies keep ads clear of certain content or users. Twitter CEO Elon Musk appearing at a 2022 Tesla event.Suzanne Cordeiro/AFP via Getty Images Elon Musk told the BBC in April that "almost all advertisers have come back to Twitter." Ad revenue from April 1 to the first week of May was down 59% from a year earlier, NYT reported. Brands and agencies continue to limit spending on the platform over misleading and hateful content. While Elon Musk claims that "almost all advertisers have come back to Twitter," some still don't want anything to do with the company's CEO.The New York Times, citing four people familiar with Twitter's advertising situation, reported that certain brands that have returned to advertising on the platform are using Twitter's adjacency controls to keep their content clear of increasingly troubling content — including Musk's own tweets.Jason Kint, chief executive of Digital Content Next, told the Times that Twitter is "unpredictable and chaotic" adding that, "Advertisers want to run in an environment where they are comfortable and can send a signal about their brand."Announced in December 2022, just a few months after Musk took control of the company, adjacency controls aimed to enable advertisers to prevent their ads from appearing adjacent to Tweets that use keywords they'd like to avoid."Empowering brands to customize their campaigns to prevent their ads from appearing adjacent to unsuitable content is an important step towards increased ad relevance on Twitter," said an undated December blog post written by Engineering Lead Nina Chen and Head of Brand Safety AJ Brown.Both Chen and Brown are no longer with the company. Neither immediately responded to Insider's request for comment.Insider previously reported that Brown attempted to counter the growing perception that Twitter wasn't safe for brands with a later blog post about the company's partnerships with adtech companies DoubleVerify and IAS, which were meant to help with brand safety. One individual at the company who seems unconcerned with brand safety is Musk himself.He has deployed an array of bizarre tweets, from antisemitic conspiracy theories to anti-transgender content and anti-vaccine misinformation.—Elon Musk (@elonmusk) June 5, 2023Citing a series of Musk tweets about financier George Soros, Ted Deutch, the chief executive of the American Jewish Committee, told the Times that "the lie Jews want to destroy civilization has led to the persecution of Jewish people for centuries."He added, "Musk should know better."Twitter responded to Insider's request for comment with a poop emoji. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 5th, 2023Related News

When Your Own Government Confirms It Paid Censors To Silence You...

When Your Own Government Confirms It Paid Censors To Silence You... Authored by Daisy Luther via The Organic Prepper blog, If you’ve been around for very long, you know this website has suffered repeated hits for our content. We’ve been defunded, we’ve been hit by algorithmic changes that make it harder for people to find us, and we’ve been classified as a “disinformation” site. All of this has happened despite the fact we offer factual coverage and often use mainstream sources that are not targeted by censors. While I’ve had my suspicions since the attacks first began, imagine the sick feeling in the pit of my stomach when I recently read an expose by the Washington Examiner in which the United States government readily admitted giving funding to the very business that abruptly defunded my website back in 2021. The US State Department “stands by” grant to fund censorship It’s hard to believe that I’m writing this about the government of the United States of America, but here we are in 2023 with our own government striving to make at least half the country out to be terrorists and second-class citizens. An exclusive report by the Washington Examiner states: The State Department “stands by” its widely scrutinized grant to a group the Washington Examiner revealed is blacklisting conservative media outlets, according to a letter to Congress. Rep. Darrell Issa (R-CA) put the State Department’s Global Engagement Center on blast in a March letter to the agency and demanded an investigation into its $100,000 grant in 2021 to the Global Disinformation Index, which has fed conservative website blacklists to advertisers to defund disfavored speech. The agency issued a response to the congressman on Friday, telling him in a letter obtained by the Washington Examiner that it has no regrets over the taxpayer-backed award… …As the Washington Examiner has reported since February 2022, the GDI was awarded $100,000 through the government’s U.S.-Paris Tech Challenge, which sought to “advance the development of promising and innovative technologies against disinformation and propaganda across the European Economic Area and the United Kingdom,” according to the Atlantic Council, a think tank that partnered for the challenge. But it wasn’t just a grant of $100,000. At least $330,000 was received from US-State-Department-related entities, and it’s possible the price tag goes even higher. In another article, the Washington Examiner reported these ties: The first State Department-backed group that has supported GDI is the National Endowment for Democracy, a nonprofit group that receives nearly all of its funding from annual congressional appropriations. According to financial statements, the NED received over $300 million from the State Department in 2021. Critics have argued that the endowment, which Congress authorized in 1983, is essentially a government grantmaking body despite its legal status as a private entity. In 2020, the NED granted $230,000 to the AN Foundation, GDI’s group that also goes by the Disinformation Index Foundation, documents show. The grant was to “deepen understanding of the challenges to information integrity in the digital space” in Africa , Asia, and other foreign countries, to “assess disinformation risks of local online media ecosystems,” according to the NED, which noted that GDI would compile “risk ratings” for ad companies and others to assess “risks that arise from funding disinformation.” And that’s not all – further government funding of censorship entities is discussed in the article. Potentially there are millions of dollars granted to organizations that in turn fund censorship groups. Our own government is wiping its feet on the first amendment as it “stands by” grants that go after those who dissent. What is GDI? GDI (Global Disinformation Index) is the group that directly caused The Organic Prepper website to lose a valuable advertising partnership that had been in place for years with no complaints whatsoever. There was no notice – the partnership with AdThrive was severed, and we were offered no recourse to try and maintain the relationship. This was a loss of thousands of dollars of revenue monthly – revenue that allowed us to publish and offer our products at low or no cost to the readers. Again from the Examiner: GDI compiles a “dynamic exclusion list” that it feeds to corporate entities, such as the Microsoft -owned advertising company Xandr, emails show. Xandr and other companies are, in turn, declining to place ads on websites that GDI flags as peddling disinformation. The Washington Examinerrevealed on Thursday that it is on this exclusion list. The list includes at least 2,000 websites and has “had a significant impact on the advertising revenue that has gone to those sites,” said GDI’s CEO Clare Melford on a March 2022 podcast. We seem to be on the wrong side of GDI. To be honest, that’s not something that’s cause for shame. I’m glad that a group that believes in silencing anyone who doesn’t just meekly go with the status quo also believes that I’m not one of them. Here’s what we were told at the time we were defunded. When we were defunded, it wasn’t really a surprise. We’d received the following announcement two weeks before. The Global Disinformation Index (GDI) helps advertising companies assess a website’s risk of disinformation and provide a trusted and neutral assessment so brands and ad companies can make informed decisions and avoid funding this content. We recently became the first ad management service to partner with The Global Disinformation Index to introduce new vetting processes for all sites in the AdThrive community, so that advertisers can spend confidently and be assured they are NOT funding disinformation! This allows us to pinpoint potentially harmful topics on the site (for example, disinformation, hate speech, racism, derogatory content, and other topics or themes that are not brand safe) and research the content in a more thorough way than before. We’re also using this system to establish new brand safety processes to periodically review our existing partnerships to ensure our community remains as high-quality as possible. (source) It was the first time I’d heard of GDI, but I was instantly suspicious. Many of us ” voiced concern about this high-level censorship of our websites. After all, we’d been working together for years, and it was downright insulting to be “audited” for truthfulness from some outside entity. Our attempts to discuss this fell upon deaf ears. Their decision to align with censors had been made. Soon, I received the following email. And that was it. Just like that, I lost $56,000 of revenue per year, the revenue that had juuuuussst covered my then-operating expenses of $55,000 per year. The real-world effects of this It’s been a real struggle to keep afloat. A once-thriving business is now going month-to-month in an effort to pay the massive overhead required to keep us online. That overhead has only gone up with both inflation and attacks on the sites at a server level. Those attacks have been costly to repair and prevent with added security measures. And while suing them would be great, these costs and the halt to my flow of income mean that I could not afford to take legal action, despite clear evidence of defamatory and malicious behavior. I tried, initially, and I quickly went through my entire savings account and never even got to court. I’ve had to let long-time employees go, and we’re running on a skeleton crew now. We’ve had to dial back how often we post, and it’s a constant cycle of creating products and marketing them to keep things going. We cannot keep operating without your help. So this weekend, we’re offering two ways to support the site – a site that the Biden administration desperately wants to see go away. You can grab a PDF copy of The Seasonal Kitchen Companion here with any one-time donation of $2 or more. Simply fill in the amount you want to give. You can subscribe to our Patreon here to provide ongoing support. We will keep sharing the information we believe is important for as long as possible. We will keep offering our products on a sliding scale to help our readers who can’t afford to pay more. We are committed to exposing manipulation and corruption and to helping you get prepared and to recognize the threats. We won’t go down without a fight, and we sincerely appreciate your efforts to help us. What does it mean when you’re attacked by your own government? Being attacked and censored by my own government is a very difficult thing to stomach.  Not only is it painfully disappointing, it’s also scary. You look at other writers who have fun afoul of the administration and the attacks they are suffering, like Matt Taibbi’s run-in with the weaponized IRS or Tucker Carlson losing his job under mysterious circumstances (but most likely for exposing the events of January 6th using video footage.) Meanwhile, the United Nations talks about standing up to those who would silence journalists. On November 2, the United Nations observed its ninth annual International Day to End Impunity for Crimes against Journalists. The United Nations established this day in no small part because of the essential role journalists play in healthy and vibrant democracies. Independent reporters hold the powerful accountable for their conduct, their policies, and the results, and help their fellow citizens make informed choices that are untainted by propaganda or misinformation. When reporters are silenced, people are robbed of the information they need to make decisions that affect their lives. They also note that fifteen American reporters have been murdered since the 90s as a direct result of their investigations. While the United States may be considered a relatively safe place for journalists, it is not immune from such violence. Jeff German, a Las Vegas Review-Journal reporter covering politics and corruption, was found stabbed to death near his home on September 2. A local government official who was the subject of recent reporting by German was arrested and charged with murdering him days later. German was the 15th journalist to have been killed in the United States since 1992; some have died in particularly infamous incidents, like the four who were killed in a mass shooting at the Capital Gazette in Annapolis, Maryland, in 2018. But the journalists they have in mind aren’t alternative journalists and bloggers in America. These are legacy and local media who they discuss. We, however, know the risk we are taking. You have to wonder how much worse it will get now that the government admits without shame or remorse that it is funding the organizations which are going after us. *  *  * Daisy is the best-selling author of 5 traditionally published books, 12 self-published books, and runs a small digital publishing company with PDF guides, printables, and courses at SelfRelianceand Survival.com Tyler Durden Mon, 06/05/2023 - 19:40.....»»

Category: blogSource: zerohedgeJun 5th, 2023Related News

OpenAI CEO Sam Altman is privately reassuring developers using the company"s tech that it won"t compete with them beyond ChatGPT

A blog post detailing Sam Altman's meeting with developers in London reveals some of OpenAI's secrets and plans for the coming year. OpenAI's Sam Altman has a message for customers of the company's product.Sven Hoppe/picture alliance via Getty Images A blog post detailing Sam Altman's meeting with developers in London reveals some OpenAI secrets. Altman says OpenAI won't release any products beyond ChatGPT that would compete with developers. A chip shortage is slowing down development at OpenAI and stalling many short-term plans.  Sam Altman, the erudite cofounder and chief executive of OpenAI, has a message for software developers that should set them at ease: The company has no plans to roll out any more consumer-facing products like ChatGPT, according to a now taken down blog post by a startup founder who attended a private meeting with Altman.Altman has been on a world tour to allay people's worst fears about artificial intelligence and to hear from developers and users of OpenAI's product. On a stop in London in May, he met behind closed doors with a small group of developers and startup founders, giving them a sneak peek at OpenAI's roadmap and biggest challenges.Yet the conversation became public when Raza Habib, an attendee who is also the cofounder and CEO of Humanloop, a Y Combinator-backed startup that helps businesses build apps on top of large language models, blogged an account of the private meeting. The original blog post has since been taken down, but that hasn't stopped people from passing around a copy on an internet archiving site. Fortune first reported on the leak.In 2020, OpenAI released its large language models for developers to purchase and bake into their own apps. Ever since, developers have been worried that the the company might roll out its own competing products.Now, the artificial intelligence juggernaut wants to reassure its customers it's not coming to eat their lunch."Quite a few developers said they were nervous about building with the OpenAI APIs when OpenAI might end up releasing products that are competitive to them," Habib wrote in his blog post. "Sam said that OpenAI would not release more products beyond ChatGPT. He said there was a history of great platform companies having a killer app and that ChatGPT would allow them to make the APIs better by being customers of their own product."Among other things on the mind of Altman are the worrying lack of GPUs, the specialized computer chips that help power AI software, according to Habib's blog post. That shortage is apparently stalling many of OpenAI's short-term plans, which include improving the reliability and speed of OpenAI's API. OpenAI did not immediately respond to Insider's request for comment.OpenAI's large language models are now baked into hundreds of apps, making it one of the key levers that help companies and their developers be more productive.Software developers could build the infrastructure themselves, but doing so can take years of development, a rare source of engineering talent, and many millions of dollars in computing costs. Instead, many rent a model from a third-party provider, just like they pay Amazon Web Services to store data and Stripe to process payments.The unicorn startup Jasper is one such customer of OpenAI. It makes a smart writing assistant, powered by OpenAI's large language model, which Jasper customers pay a monthly fee to use. But its approach started to show cracks after OpenAI released ChatGPT, which can also help with copyediting, for free. Jasper told The Information that it added new features and purchased a browser extension company in order to flesh out its value and hold onto users.In the private meeting, Habib said Altman described the vision for ChatGPT as a "super smart assistant for work," but said it "wouldn't touch" many other use cases.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 5th, 2023Related News