The new rules of the “creator economy”

One consequence of the internet is that "value has shifted away from companies that control the distribution of scarce resources to those that control demand for abundant ones," writes Ben Thompson, author of the tech newsletter, Stratechery, who calls such firms "aggregators".
https://www.economist.com/briefing/2021/05/08/the-new-rules-of-the-creator-economy

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Seetha Ram

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AI sceptic Emily Bender: ‘The emperor has no clothes’

Her thesis is that the whizzy chatbots and image-generation tools created by OpenAI and rivals Anthropic, Elon Musk's xAI, Google and Meta are little more than "stochastic parrots", a term that she coined in a 2021 paper. A stochastic parrot, she wrote, is a system "for haphazardly stitching together sequences of linguistic forms it has observed in its vast training data, according to probabilistic information about how they combine, but without any reference to meaning". https://on.ft.com/465EHFT I saw this article when using the Financial Times app and thought you might be interested: Financial Times, AI sceptic Emily Bender: 'The emperor has no clothes' -- George Hammond -- Read the full article at:

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