Capitalogix

Killing Time: COVID-19 and Media Consumption

For most, being quarantined means significantly more screen-time.

Whether you're using it productively or unproductively, you're likely consuming much more media than before. 

That can be a double-edged sword. It has the potential to increase your understanding of events – but also increases the likelihood of echo chambers and the intake of misinformation (aka fake news). 

So, in this quarantine, what exactly are people looking at, and how are they staying informed?

VisualCapitalist put together various infographics on how different generations are consuming content.

via visualcapitalist

Unsurprisingly, younger generations are playing games, and millennials are focusing on food (cooking recipes and staying healthy while quarantined).  Meanwhile, the older generations are still sticking primarily to broadcast TV. 

(To View Other Generations Click Here) via visualcapitalist

Regardless of where you're consuming, it's important to manage what you're consuming, and how much you're consuming. You need to make sure you're using reliable resources and managing your time and energy. Too much can leave you worse off. 

Sometimes, less is more.

 

The Age of AI: How Far Is Too Far?

Let's take a break from talking about the Coronavirus to talk about something else that will affect the global population. 

Of course, it's the pace of innovation and the effects of AI. I've been on the record for years saying things like

• AI will transform the planet much like electricity did
• Data will be more valuable than oil 
• And, the only thing more impressive than our population growth is our technology growth 
• Or, from the precautionary side, Artificial intelligence isn't a substitute for lack of the real thing

It can be difficult to have a nuanced discussion around AI online. There's a lot of PopSci around it, people conflate a very diverse range of algorithms and intentions into the general "AI", and realistically when you get too in-depth into what algorithms are best for what problems, most people lose interest. 

That's why I'm personally a proponent of any discussions around AI. Awareness is important, and if more people can understand the basics, then some subset of them will become better educated... rinse and repeat. 

Robert Downey Jr. and YouTube partnered for an 8-part docuseries on the Age of AI. I've only watched one episode, but that episode did a decent job of addressing the highest-level issues with AI. 

 

via YouTube Originals

I won't go through the whole video with you - because  you're quarantined and I think it's worth watching, but there are a couple of points I wanted to re-emphasize. 

Your Data Is Becoming More Important, Not Less Important

"Everyone's concerned about identity theft. Meanwhile, they're giving all their data for free on the internet. I'm what I like. I'm what I don't like. I'm where I go, I'm who I know. I'm what I search. I'm my thumbprint. I am my data" - will.i.am

My son, Zach, has ultimately given up on privacy - his argument is that everyone's information is out there anyway. Even my eldest son, Ben, who is a cybersecurity expert, has semi-resigned himself to his data being out there. He takes many precautionary measures but recognizes that he's not truly anonymous. 

In the video, Will.I.Am is getting an authentic reproduction of his face, mannerisms, and voice - they even got the pimple he had during the day of filming. In doing so, he specifically asks for the voice to be a bit robotic. He does this "for his mom" but in reality, it's to make clear - this is a robot, not me. It's avoiding the Uncanny Valley. 

We're at an intersection where it's going to become harder to decide what's real and what's fake. With deepfake video and audio, protecting your personal brand and identity becomes difficult, and simultaneously more important. 

The Path Forward

The road to AI supremacy is long and fraught with booby traps, potential missteps, and ethical issues. Questions like "how far is too far?" will have to be answered, and countries will likely strive to unite around shared rules of ethical AI. 

If there's anything that makes me confident about our ability to successfully travel that road, it's looking at humanity's ability to adapt. The reality is, we've been working symbiotically with "machines" since the very beginning, but our definition of the machine simply continues to improve. It's fractal, and each time the technology we're adopting gets bigger, so does the eventual positive effect on day to day life. 

AI adoption is a big step, but the positive effect it can have on our lives is astronomical. 

Onwards!

Here Are Some Links For Your Weekly Reading - March 1st, 2020

 

Here are some of the posts that caught my eye recently. Hope you find something interesting.

Lighter Links:

 

• When that AI Company' Isn't Really an AI Company. (TechCrunch)
• The Catholic Church Proposes AI Regulations that Protect People'. (TheVerge)
• Musicians Algorithmically Generate Every Possible Melody, Release Them to Public Domain. (Vice)
• Saudi Arabia: Riyadh Suspends Pilgrimage Visas Amid Coronavirus Concerns. (Worldview)
• Warren Buffett Says He Prefers Mike Bloomberg in the Democratic Presidential Race. (CNW)

 

 

Trading Links:

• Dow Loses 12% for Week on Coronavirus Panic; Fed Says It Will Act 'Appropriately'. (TheStreet)
• These are the Only 7 Stocks in the S&P 500 that Rose While the Market Plunged. (MarketWatch)
• Gold Prices Tumble Amid Reports of Margin Calls. (Investing)
• Nearly 40% of Europeans in Their Late 20S Still Live at Home. (Quartz)
• MIT Published a List of the 9 MegaTrends that Will Shape the World in 2030. Here's What They All Have in Common. (Inc)

Is China Going to Overtake the US In Artificial Intelligence?

Currently, the US has a stronghold on Data Science and Artificial Intelligence (collectively, "AI") innovations and advancements.

Meanwhile, China has been creating more papers than other countries about their AI advancements and innovation ... however, a closer examination of the research suggests that many of their papers are of low quality, misleading, or even fraudulent. 

Will China overtake the US in AI supremacy? If you look at their population along with their government's intent and directive towards AI leadership, it seems possible. 

 

via TheDataScientist

On a superficial level, I believe that the majority of advances in AI will prove to be beneficial – but there needs to be a balance between the promise and the peril of un-checked or un-regulated AI.  In other words, AI ethics, patriotism, and global balance of power considerations apply to a powerful force likely to terraform the planet.

Absolute power has been shown to corrupt ... I worry about the types of AI applications powerful nation-states will focus on, and whether they'll be truly forthcoming with breakthroughs or whether we are approaching a new cold war based around AI and Quantum Supremacy. 

When you're doing something new and groundbreaking, it's human nature to want to keep it to yourself. It seemingly protects your interests, it prevents competition, obstruction or poaching. As well, AI is going to create an enormous impact on economic development, the nature of work, and competitive dynamics, so many governments are rushing to establish interest, education programs, and AI frameworks within their borders.

via Deloitte Insights

AI Isn't a Zero-Sum Game (Unlike Trading)

The reality is that AI has the chance not only to transform industries but societies as well. The benefits of properly executed AI are far-reaching and global. 

When you share, maybe not the individual application, but the over-arching lesson or breakthrough, you enable all adopters to learn and grow. 

Internally, in starting to write my book - Next on Wall Street - I spend a lot of time talking about our approach to building the right workforce, using the right data,  overcoming challenges, approaching AI from the right perspective, and, of course, using the right tools. 

Collaboration is an important engine for creation. Having a lead is important ... but at the beginning of a long journey, making progress and building momentum is crucially important.

via Deloitte Insights

AI has a lot of green fields ahead. 

Onwards!

Ending The World With A Paperclip

Every week I send out an e-mail on Fridays with 20 light links and 20 market-moving links. If you're not getting that e-mail, you can sign up here. On Sundays, I send out our weekly commentary (which this article is a part of, along with 5 new light links and 5 new market-moving links (you can sign up here).

My son sees the links before they're posted. He was interested in one of this week's links - The Way the World Ends: Not with a Bang But A Paperclip. 

As a result, he played the game Paperclips to completion.  While he characterizes it as “wasting a whole night,” I think it gives us insight into the addictive nature of clicker games and into how the world as we know it could end with a paperclip. 

There are spoilers ahead, so if you intend on wasting three hours on a browser game, you may want to skip this article ... no, you're good? OK, here it is. 

Frank Lantz via Decision Problem

The game starts with you clicking a button to create paperclips but quickly spirals from there. Through setting up automation to create paperclips and then to have it start automatically buying the wire for you, you begin focusing on other projects - specifically creating a better trading algorithm to leverage the money you're making and improving your company's AI and Quantum Computing capabilities. 

Hmm, starting to sound familiar ...

Initially, your AI is focused purely on maximizing paper clip demand and production.  It can increase marketing to increase demand and make your autoclippers more efficient to produce more paperclips per unit wire. If you look at the projects in the above screenshot you can see projects like: 

• Full Monopoly - Establish full control over the worldwide paperclip market
• Global Warming - A robust solution to man-made climate change
• HypnoDrones - Autonomous aerial brand ambassadors

Projects like curing cancer or solving global warming gain trust and allow you to invest more money in processors and memory (which end up setting you up to take over the world.)

Fast forward to Zach beating the game ...

Frank Lantz via Decision Problem

When you release the HypnoDrones all of the resources become available for Paperclip production, and you gain full autonomy. Your inner benevolent dictator feels satisfied and your mother’s expectations for your potential are partially fulfilled.

At this point in the game, Zach had created less than half a billion paperclips but was worth several billions of dollars. It took him 2 hours and 44 minutes to beat the game. 

Is it a game, a parable, a prediction – or an advanced intelligence’s test of human nature?

 

Here Are Some Links For Your Weekly Reading - February 16th, 2020

 

Here are some of the posts that caught my eye recently. Hope you find something interesting.

Lighter Links:

• Growth Mindset vs. Fixed Mindset: Which One Do You Have? (Addicted2Success)
• 5 Soon-to-Be Trends in Artificial Intelligence and Deep Learning. (Forbes)
• How Many Hours of Sleep is Enough? Age Chart Shows What You Need to Feel Rested. (Inverse)
• The Way the World Ends: Not with a Bang But a Paperclip. (Wired)
• Drinking Alcohol Every Day Can Speed up Brain Aging by One Week Per Session, According to a Study of More Than 17,000 People. (Insider)

 

 

 

Trading Links:

• Tesla Stock is Soaring. Madness or Visionary Investing? (APNews)
• The Decade That Completely Transformed Venture Capital. (Quartz)
• The 13 Hottest IPOs to Watch for in 2020. (Kiplinger)
• The Edison of the Slot Machines. (TheParisReview)
• Elon Musk's Mind-reading Technology Could Be about to Take a Big Leap Forward. (ZDNet)

Mummy, I've Lost My Voice

Some applications of technology are just ... strange. That being said, I think there's something beautiful about science being done "just to see if we can". 

Not every experiment needs to be in pursuit of some grand truth or miracle cure... Sometimes it's nice just to be curious. 

In that regard, the researchers who recreated a 3,000-Year-Old Egyptian mummy's voice might "take the cake" (or "drop the mic"). 

 

Nature via Leeds Teaching Hospitals (Click To Learn More)

The mummy's name is Nesyamun. They used a 3D printer and an electronic larynx to create the sound. They didn't recreate his tongue - so his voice doesn't take that into account. From what I can tell, all they've gotten "him" to say is "ehh". Very mummy-like. 

Here's a link to the sound. 

For what it's worth, they did test this methodology on a living human to validate it before going to some 3000-year-old dead guy.

Here's an interview with one of the scientists on BBC's Inside Science. 

Here Are Some Links For Your Weekly Reading, February 2nd, 2020

Here are some of the posts that caught my eye recently. Hope you find something interesting.

Lighter Links:

• MIT Professors Sound Alarm on US Falling Behind on AI. (CA)
• Doomsday Clock Moves to 100 Seconds to Midnight - Closest Point to Nuclear Annihilation Since Cold War. (FoxNews)
• The Bill Belichick Trade Turns 20 on Monday. (ProFootballTalk)
• Incentive Competitions and the Challenge of Space Exploration. (Interesting Engineering)
• How Time-Travel Works in Fiction: a Concise Breakdown of How Time Travel Functions in Popular Movies, Books & TV Shows. (OpenCulture)

 

Trading Links:

• Peter Diamandis: in the next 10 Years, We'll Reinvent Every Industry'. (TheGuardian)
• 5,000 Years of Interest Rates. (DailyReckoning)
• Will We Ever Stop Talking about the VIX? (RCM Alternatives)
• How to Make a Billion Dollars on Horse Racing. (Bloomberg)
• Tesla is More Valuable Than GM, Ford CombinedDespite Selling 98% Fewer Cars. (Observer)

 

 

On Ambient Computing and Privacy

I like to think of myself as on top of technology trends - but I heard a new term recently. 

Ambient Computing represents the ubiquitous computing reality we're transitioning toward: Sensors, displays, etc. embedded throughout the world. If you think about Smart Homes, or the Internet Of Things, these are building blocks for ambient computing. 

We've already seen some early examples of this technology gaining adoption - and it's developing fast. 

I flip-flop between excitement about the cornucopia of useful applications and fear of the safety and privacy concerns these technologies will inevitably create ... or have already created.

 

James O'Malley via Twitter

A couple of weeks ago, I talked about the surveillance state - and how many cameras different places now have (Spoiler Alert: China has a ridiculous number). That, paired with facial recognition technologies, means that ubiquitous technology has "interesting" consequences. 

It's hard to imagine a country like China not abusing that technology, but it's also hard to imagine the US not abusing that technology. The temptation is too high. An example being the repeated requests by the US government for backdoor access into iPhones.  

It's a slippery slope, and unfortunately, the few often ruin a technology for the many. I err on the side of protecting the many from the few, but it's up to you to decide where your comfort level with lack of privacy is. 

To a certain extent, privacy is now a fallacy (or at least it doesn't mean what it used to mean)... but that doesn't mean you shouldn't try to protect what privacy you have left.

Here Are Some Links For Your Weekly Reading - January 26th, 2020

Here are some of the posts that caught my eye recently. Hope you find something interesting.

 

Lighter Links:

• 8 AI Trends We're Watching in 2020. (O)
• Navigation Apps Changed the Politics of Traffic. (CityLab)
• There's No 'Going Dark:' Always-On Surveillance Posing Risks to US Covert Operations. (TD)
• 6 Predictions About Data in 2020 and the Coming Decade. (Forbes)
• Data is Only the Beginning. Connecting the Dots Creates Knowledge. However, It is Wisdom Which Translates Insights into Impactful Decisions. (LinkedIn)

 

Trading Links:

• How 5 Big Tech Companies Really Make Money. (Infographic)
• Capitalism Draws Fire, Despite Strong Global Economy. (Wall Street Journal)
• Immune Discovery 'May Treat All Cancer'. (BBC)
• How to Raise a Billionaire: Maye Musk on Where Elon Gets His Drive. (Forbes)
• Toyota Invests $394 Million in Electric Air Taxi Company Joby Aviation. (Forbes)