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Day: February 28, 2023

AI’s AHA Moment

by Reid Hoffman
This post is by Reid Hoffman from Reid Hoffman

We are all collectively experiencing an aha! moment—that flash of discovery, insight or understanding—with the recent developments in AI, such as OpenAI’s ChatGPT.

Of course, an “aha” moment is a bit longer in the tooth than AI. According to the O.E.D, “aha” as we know it goes back at least to the 1390s, when English author Geoffrey Chaucer wrote in the fable “The Nun’s Priest’s Tale”: “They crieden, out! A ha the fox! and after him thay ran”

Today, it’s AI rather than a fox that has us exclaiming, but the aha feeling is there—and maybe even more powerful. It’s not just a passing moment of discovery, but possibly a peek into something more enduring: how this technology can augment our abilities in a lasting way.

With AI, our AHA moment stands for something bigger: it’s an Augmentation of Human Ability. These AI tool advancements make us more productive, creative, and efficient. They show us more deeply and swiftly who we are and can be.

What do you think about this AHA (Augmentation of Human Ability) term as capturing what AI can do for humans and humanity? Let me know your thoughts in the comments below.

Visualizing the Global Share of U.S. Stock Markets

by Nick Routley
This post is by Nick Routley from Visual Capitalist

U.S. share of global stock market value

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Visualizing the Global Share of U.S. Stock Markets

One of the most potent symbols of American financial dominance is the combined market capitalization of the country’s two biggest stock exchanges⁠—the New York Stock Exchange (NYSE) and NASDAQ⁠.

These two major listing hubs dwarf all other exchanges around the world. In fact, the NYSE on its own is larger than the Shanghai, Shenzhen, Japan, and Euronext exchanges put together.

RankExchangeMarket Cap (Oct '22)LocationApprox. # of companies
#1NYSE$22.8TUnited States 🇺🇸2,400
#2NASDAQ$16.2TUnited States 🇺🇸3,700
#3Shanghai Stock Exchange$6.7TChina 🇨🇳1,600
#4EuroNext$6.1TEurope 🇪🇺800
#5Japan Exchange Group$5.4TJapan 🇯🇵3,800
#6Shenzhen Stock Exchange$4.7TChina 🇨🇳2,800
#7Hong Kong Stock Exchange$4.6THong Kong SAR 🇭🇰2,600
#8National Stock Exchange of India$3.3TIndia 🇮🇳2,100
#9London Stock Exchange$3.1TUK 🇬🇧1,900
#10Toronto Stock Exchange$2.7TCanada 🇨🇦1,500

One of the key reasons for this dominance is the sheer size of the U.S. economy. With a GDP of over $25 trillion, the U.S. (Read more...)

Instacart’s Fidji Simo | Building A Tech-Enabled Food System

by Greylock Partners
This post is by Greylock Partners from Greymatter

Instacart CEO Fidji Simo shares the company's vision for building a tech-enabled food system for all. Simo, who previously spent 10 years at Meta, is accustomed to taking bold bets on transformative tech. She spoke with Greylock general partner David Thacker about joining Instacart in 2021 following a period of significant growth; how she identifies moments in time where new technology can find traction; what she learned from leaders and mentors throughout her career; her approach to leadership; and how she separates major disruptive events from secular trends in order to chart a sustainable business course forward. You can watch the video of the interview on our YouTube channel here: https://youtu.be/agAJbOhuNaQ You can read an essay with the highlights of the conversation here: https://greylock.com/greymatter/whats-in-store/

Generative AI’s overnight success was years in the making

by Eli Scott
This post is by Eli Scott from Georgian

Since Georgian launched its Applied AI thesis in 2017, we’ve seen an explosion in AI applications for software companies. With the rise of better models and better tooling, AI has become ubiquitous in many businesses. However, even with mainstream use of AI, very few in the industry expected the explosion of public interest in generative AI caused by ChatGPT.

Since launching in November 2022, ChatGPT has created a firestorm of public and media interest in — and debate about — the future of AI, bringing the term ‘generative AI’ firmly into mainstream use. While we believe generative AI could revolutionize content creation by enabling rich, personalized content to be created in seconds, we believe it is important not to focus only on the ‘generative’ part of generative AI. There is much more to this technology than generating marketing content or writing essays. 

For example, Georgian AI, our applied AI research lab, has already supported Georgian customers (portfolio companies) to deploy real-world applications of large language models that showcase generative AI’s use cases beyond simulating human writing. What all these applications have in common is the use of transformer-based language models — a model standard in generative AI applications. These models hold enormous potential, encapsulating an understanding of human language and knowledge in a way that wasn’t previously possible.

We believe generative AI has the potential for a wide range of use cases, including intelligent automation of business workflows, accelerating human learning and science, knowledge management and human-computer interaction (as (Read more...)