🥟 Chao-Down 114 Databricks acquires startup MosaicML for $1.3 billion, Deepmind CEO says next model will eclipse ChatGPT, Midjourney's latest zoom-out feature

In a new research paper, economists have found that the last AI boom, which brought about advancements in deep learning, did not result in job losses as initially feared.

The study analyzed job markets in several European countries from 2011 to 2019, a period in which deep learning technology was expected to have a significant impact on employment.

Contrary to expectations, the researchers found that industries where AI could be most useful did not experience a reduction in jobs. In fact, there was a 5 percent increase in employment for highly skilled jobs vulnerable to AI, such as white-collar office work involving data analysis.

The research highlights the idea that new technology can increase the demand for more skilled workers while replacing those who perform routine tasks. Less skilled workers seemed to be unaffected by the introduction of AI. However, economists caution that the impact of emerging technologies like ChatGPT and generative AI is yet to be fully understood and may have different effects on jobs.

While stories of individuals and businesses already being disrupted by AI-generated content are emerging, it is important to note that tools like ChatGPT still have limitations, including the ability to produce false information and reinforce biases.

The research serves as a reminder that economic outcomes related to automation and technology are complex and varied.

-Alex, your resident Chaos Coordinator.

What happened in AI? 📰

Databricks Strikes $1.3 Billion Deal for Generative AI Startup MosaicML (WSJ)

ChatGPT Lawyers Are Ordered to Consider Seeking Forgiveness (The New York Times)

Google DeepMind CEO Demis Hassabis Says Its Next Algorithm Will Eclipse ChatGPT (WIRED)

The Last AI Boom Didn't Kill Jobs. Feel Better? (WIRED)

Amazon's generative AI playground is open (axios.com)

The bigger-is-better approach to AI is running out of road (Economist)

“Stunning”—Midjourney update wows AI artists with camera-like feature (Ars Technica)

Always be Learnin’ 📕 📖

It’s Not a Computer, It’s a Companion! | Andreessen Horowitz (a16z.com)

The Top Things Founders Get Wrong When They Start a SaaS Company (SaaStr)

How to Build Your Startup Brand - by Rex Woodbury (substack.com)

Projects to Keep an Eye On 🛠

DeepSpeed ZeRO++: A leap in speed for LLM and chat model training with 4X less communication (Microsoft Research)

OpenMMLab builds the most influential open-source computer vision algorithm system in the deep learning era. (Github)

The Latest in AI Research 💡

AudioPaLM - A Large Language Model That Can Speak and Listen (google-research.github.io)

Continuous Layout Editing of Single Images with Diffusion Models (arxiv)

Demystifying GPT Self-Repair for Code Generation (arxiv)

SoftGPT: Learn Goal-oriented Soft Object Manipulation Skills by Generative Pre-trained Heterogeneous Graph Transformer (arxiv)

The World Outside of AI 🌎

A Reporter’s Tweet Moved NBA Draft Odds. He Also Works for a Gambling Company (WSJ)

Small tech companies are staying remote to attract workers, while Big Tech goes back to the office (Vox)

Harvard professor who studies honesty accused of falsifying data in studies (The Guardian)

Microsoft milestone brings it a bit closer to quantum supercomputer (siliconrepublic.com)

Vacant Offices Are Piling Up in Silicon Valley (WSJ)

One Last Bite 😋