OpenAI CTO Calls for Regulation as AI Tech Rapidly Expands

Less than a week after UBS proclaimed ChatGPT a record-setter for the app with the fastest-growing user base, the popular AI chatbot has racked up accomplishments that include passing “a U.S. medical-licensing exam, a Wharton Business School MBA exam, and four major university law-school exams,” according to TIME, which couches it in the context of “a brilliant child.” Amidst the fusillade of publicity, OpenAI CTO Mira Murati, who led the teams behind both DALL-E and ChatGPT, says it’s “time to move toward regulating AI,” which “can be misused, or used by bad actors,” raising questions about global governance. Continue reading OpenAI CTO Calls for Regulation as AI Tech Rapidly Expands

Amazon Bests Walmart as Top Retail Seller Outside of China

Retail giant Walmart, which perfected the business model of driving down costs to dominate the market, has been surpassed by e-commerce leader Amazon, which just became the largest retail seller outside of China. Driven by a surge in online shopping during the global COVID-19 pandemic, Amazon raked in $610+ billion over the year ending in June, according to FactSet. Walmart just posted sales of $566 billion for the year ending in July. Both are eclipsed by Chinese online retailer Alibaba, the world’s top seller. Continue reading Amazon Bests Walmart as Top Retail Seller Outside of China