Anthropic, the creator of Claude, filed to go public on the US stock market on 26 October. The company's filing statement contains a 92-page risk factor document in which it acknowledges the dangers that AI poses to society and human beings, and factors that could negatively affect Anthropic's business. Johana Bhuiyan, senior tech reporter for the Guardian, breaks down the document and explains why Anthropic's IPO could be a real test to the AI boom
Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enough
A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly $1tn in value off the tech-heavy Nasdaq exchange in one week and erased about $2tn in a month.
The S&P 500, the index of the 500 most valuable companies in the US, fell by more than 1% Friday, losing hundreds of billions of dollars in market value. It was on track to erase its gain for October, even though it set its all-time high during the same month. The weakness for technology stocks dragged the Nasdaq composite down even further, more than 3%, also erasing hundreds of billions in value. The Dow Jones Industrial Average fell less.
Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enough
A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly $1tn in value off the tech-heavy Nasdaq exchange in one week and erased about $2tn in a month.
The S&P 500, the index of the 500 most valuable companies in the US, fell by more than 1% Friday, losing hundreds of billions of dollars in market value. It was on track to erase its gain for October, even though it set its all-time high during the same month. The weakness for technology stocks dragged the Nasdaq composite down even further, more than 3%, also erasing hundreds of billions in value. The Dow Jones Industrial Average fell less.
Ghost hunting has changed in recent years due to AI chatbots, and paranormal enthusiasts are concerned
Ghost hunting is a tech-heavy pursuit. When Amy Waine and Jarrad Cutting investigate haunted locations, they’re loaded up with software of their own design, such as an app that assigns signals from a phone’s sensors to different words in a database. In the age of ChatGPT, the ghost-hunting pair is probing the world of AI. They describe one of their latest inventions, an app called GhostTube Seer, as “the world’s first AI Ghost Hunting tool”.
In the hands of paranormal investigators, scientific tools like EMF meters (used to detect electromagnetic fields) are repurposed to identify changes and anomalies that they believe indicate supernatural activity. Seer is, in many ways, simply an expansion of that practice, another way to scan an empty room and believe that something may be there. The app, which requires a paid monthly subscription, has more than 1m downloads, according to its Google Play store listing.
But for others in the ghost hunting world, AI is an unwelcome presence. Since the release of ChatGPT in 2022, AI-generated ghost stories and images of the supernatural have flooded online spaces, so much so that popular forums like the r/Nosleep subreddit, meant for scary stories, have implemented a strict policy against AI-generated material.
Altering copyright law to allow AI companies to scrape music, books and journalism could trigger a constitutional breach, Coalition senators and the recording industry have warned, as they raise new fears it could open Australia to massive legal action and compensation claims from rights holders worldwide.
The attorney general’s department admitted it was “extremely alive” to the issue, and Australia’s leading constitutional expert, Anne Twomey, agreed there was “potentially” a concern – depending how legislation was drafted – that granting AI companies permission to scrape copyrighted material from the internet could amount to an acquisition of property by the government.
More than half of Victoria’s lawyers have reported using AI in their work, according to a new study, but just over a quarter say they have reduced fees as a result of efficiency gains.
They also say clients seeking advice from chatbots have added to their workload, forcing them to correct errors made by AI.
E-commerce company posts high cloud computing sales but gives a cautious sales forecast for the fourth quarter
Amazon offered a mixed picture of its financial health on Thursday in its quarterly earnings report.
The e-commerce company gave a cautious sales forecast for the current fourth quarter, which encompasses the critical holiday shopping period, after delivering fiscal third-quarter results that came in below Wall Street analysts’ expectations.
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