Algorithms now determine how much things cost. It’s called dynamic pricing and it adjusts according to current market conditions in order to increase profits. The rise of e-commerce has propelled pricing algorithms into an everyday occurrence—whether you’re shopping on Amazon, booking a flight, hotel or ordering an Uber. In this continuation of our series on automation and your wallet, we explore what happens when a machine determines the price you pay. Read More
Daily Archives: November 3, 2021
If Einstein Had The Internet: An Interview With Balaji Srinivasan
Technology as determinant of historical cycles in market and government influence, why culture has stagnated despite advances in the tools that make it, how wokism will lose, and more!
My first question for you is one I posed recently in a conversation with Marc Andreessen, which was inspired by the common sentiment from the activist-class that non-engagement in politics is the same as working against human progress: Almost all technological advances and improvements to quality of life seen over the last half-century have found their way to the public from the private sector. While the same ineffectual debates over equal opportunities in education, employment, and healthcare have happened in congress for decades, the private sector has made university-level learning accessible and free, employs over 70% of all Americans, and inches nearer every year to making death optional. I’m uncertain whether we need politics at all with a market so apt at solving problems and would even like to think issues like race in the United States may be amenable to a market solution. Is it reasonable for me to think so broadly about what the market can do?
Well, lots to talk about here.
Technology is the Driving Force of History Read More
New Azure OpenAI Service combines access to powerful GPT-3 language models with Azure’s enterprise capabilities
Since OpenAI, an AI research and deployment company, introduced its groundbreaking GPT-3 natural language model platform last year, users have discovered countless things that these AI models can do with their powerful and comprehensive understanding of language.
For instance, a sports franchise that’s developing a new app to engage with fans during games could use the models’ ability to quickly and abstractly summarize information to convert transcripts of live television commentary into game highlights that someone could choose to include within the app.
The marketing team could use GPT-3’s capability to generate original content and its understanding of what’s happening in the game to help the team brainstorm ideas for social media or blog posts and engage with fans more quickly.
At its Ignite conference today, Microsoft announced it will help its customers uncover these kinds of experiences with the new Azure OpenAI Service, which allows access to OpenAI’s API through the Azure platform and will initially be available by invite only. The new Azure Cognitive Service will give customers access to OpenAI’s powerful GPT-3 models, along with security, reliability, compliance, data privacy and other enterprise-grade capabilities that are built into Microsoft Azure. Read More
Rick's Cafe AI 