If you ask it the right questions, ChatGPT represents an incredible resource and tool. And people noticed fast — within five days it gained over 1 million users, and now Microsoft is in talks for a potential $10 billion investment in the company.
As a reporter, the hype surrounding the AI tool intrigued me, and a colleague of mine said it’s journalism chops were convincing (though only if you didn’t squint too hard to notice articles were riddle with misinformation).
Knowing that ChatGPT’s database cut off in 2021, I asked it to write a stock market story about trading trends in 2020, and in less than one minute it spat out a 400-word story that mapped out S&P 500 moves, meme stocks, and shares that rallied during the early days of the pandemic.
The results highlight some potential strengths and weaknesses of ChatGPT.
Some of the world’s biggest academic journal publishers have banned or curbed their authors from using the advanced chatbot, ChatGPT. Because the bot uses information from the internet to produce highly readable answers to questions, the publishers are worried that inaccurate or plagiarised work could enter the pages of academic literature.
Several researchers have already listed the chatbot as a co-author in academic studies, and some publishers have moved to ban this practice. But the editor-in-chief of Science, one of the top scientific journals in the world, has gone a step further and forbidden any use of text from the program in submitted papers.
It’s not surprising the use of such chatbots is of interest to academic publishers. Our recent study, published in Finance Research Letters, showed ChatGPT could be used to write a finance paper that would be accepted for an academic journal. Although the bot performed better in some areas than in others, adding in our own expertise helped overcome the program’s limitations in the eyes of journal reviewers.
However, we argue that publishers and researchers should not necessarily see ChatGPT as a threat but rather as a potentially important aide for research — a low-cost or even free electronic assistant.
Our thinking was: if it’s easy to get good outcomes from ChatGPT by simply using it, maybe there’s something extra we can do to turn these good results into great ones.
We first asked ChatGPT to generate the standard four parts of a research study: research idea, literature review (an evaluation of previous academic research on the same topic), dataset, and suggestions for testing and examination. We specified only the broad subject and that the output should be capable of being published in “a good finance journal.”
Google announced in last week’s earnings call that it would pay millions of dollars to consolidate office leases across the globe.
“In the first quarter of 2023, we expect to incur approximately $500 million of costs related to exiting leases to align our office space with our adjusted global headcount look,” Chief Financial Officer Ruth Porat said. “We will continue to optimize our real estate footprint.”
Many of the lease terminations will be in the Bay Area. “We’re ending leases for a number of unoccupied spaces, and will work to consolidate under-utilized spaces in the future,” Google spokesperson Ryan Lamont wrote SFGATE in an email. “Our campuses remain a cornerstone of our culture, but we’re working to ensure we invest in real estate efficiently and that our investments match the current and future needs of our hybrid workforce.”
Saudi Arabian mining company Ma’aden, together with the King Abdullah University of Science and Technology (KAUST) Innovation Ventures Fund, are investing $6 million USD into Lithium Infinity (Lihytech). The KAUST startup’s battery-grade lithium will be a key component in driving the Kingdom of Saudi Arabia’s commitment to developing the entire value chain of electric vehicles (EVs).
Lihytech has patented a membrane-based lithium extraction technology developed by Professor Zhiping Lai at KAUST. The innovative technology can extract the alkali metal from sources such as seawater, brine, red mud and more. Based on KAUST research, the startup was funded through the KAUST Near Term Grand Challenge, a research translation program, and the technology is being developed on the campus.
This investment will take the technology from lab to commercial pilot scale. Ma’aden is leading the investment with $4 million and KAUST Innovation Ventures is investing $2 million. The University’s venture capital arm, KAUST Innovation Ventures, supports deep tech startups that look to offer solutions to pressing scientific and technological challenges, such as lithium extraction. Lihytech will use the infusion of capital to build a pilot facility at KAUST to extract lithium from the Red Sea and other in-Kingdom resources.
Proto is betting that companies will view their 7-foot-tall holographic projection boxes as an alternative for in-person meetings. At least a half-dozen startups and giants like Google and Microsoft already are.
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Last month, the Federal Reserve rejected crypto bank Custodia’s application to join its ranks, casting doubt over whether the Office of the Comptroller of the Currency will give final approval to crypto companies Protego and Paxos’ applications for national trust bank charters.
“The U.S. government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry,” Carter wrote.
“And the administration’s efforts are no secret: they’re expressed plainly in memos, regulatory guidance, and blog posts. However, the breadth of this plan—spanning virtually every financial regulator—as well as its highly coordinated nature, has even the most steely-eyed crypto veterans nervous that crypto businesses might end up completely unbanked, stablecoins may be stranded and unable to manage flows in and out of crypto, and exchanges might be shut off from the banking system entirely.”
(https://www.timothywittig.com/) is a conservationist, professor, and former defense intelligence analyst. He is a research fellow at Oxford University (Oxford Martin School), an associate fellow at the Royal United Services Institute (RUSI) in London, and has served as Head of Intelligence for both the Royal Foundation’s United for Wildlife Transport and Financial Taskforces (https://unitedforwildlife.org/), and the wildlife investigations charity Focused Conservation.
Dr. Wittig has lived in 8 countries on 3 continents and worked in nearly 50 different countries. His professional background is in research & development and applied sciences, intelligence-led targeting of illicit financial networks, and African and global security.
Dr. Wittig began his career in national security, and was one of the first people in the US Intelligence Community (IC) to treat biodiversity and ecosystem collapse as a threat to global security.
Since their inception in 2016, Dr. Wittig has played a central role in the United for Wildlife Transport and Financial Taskforces, a groundbreaking program of the Royal Foundation of the Prince & Princess of Wales (https://royalfoundation.com/), to use data and intelligence, alongside high-level formal commitments, to mobilize 200+ of the worlds’ largest banks, maritime shipping companies, and airlines to take meaningful action against global wildlife trafficking. Dr. Wittig conceived of and currently runs the central intelligence sharing system of the both Taskforces.
A former tenured professor of International Relations and Humanitarian Action, and a life-long environmentalist and outdoorsman, Dr. Wittig, like many people today, believes reversing the current catastrophic extermination of nature is the single most important issue of our time — a literal life-and-death struggle for the future of our common planet and ultimately humanity itself.
Dr. Wittig came to work professionally in conservation a decade ago after observing how the major threats to the environment today — species loss, climate change, pollution, et al — are all underpinned and driven often to a large extent by crime and corruption, illicit networks, and social injustices. And that rigorous, hard-hitting intelligence and data-led analysis of these dynamics, especially when done at scale, will be a game changer in how we confront threats to the world’s wildlife and ecosystems.
Turkey’s stock exchange suspended trading for five days and canceled all trades executed on Wednesday, following a selloff that erased billions of dollars from the value of its main equities gauge after two devastating earthquakes.
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Researchers from the University of Sussex and Universal Quantum have demonstrated for the first time that quantum bits (qubits) can directly transfer between quantum computer microchips and demonstrated this with record-breaking speed and accuracy. This breakthrough resolves a major challenge in building quantum computers large and powerful enough to tackle complex problems that are of critical importance to society.
Today, quantum computers operate on the 100-qubit scale. Experts anticipate millions of qubits are required to solve important problems that are out of reach of today’s most powerful supercomputers. There is a global quantum race to develop quantum computers that can help in many important societal challenges from drug discovery to making fertilizer production more energy efficient and solving important problems in nearly every industry, ranging from aeronautics to the financial sector.
In the research paper, published today in Nature Communications, the scientists demonstrate how they have used a new and powerful technique, which they dub “UQ Connect,” to use electric field links to enable qubits to move from one quantum computing microchip module to another with unprecedented speed and precision. This allows chips to slot together like a jigsaw puzzle to make a more powerful quantum computer.
