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Hi, I’m Matt Turner, Insider’s Economics Editor-in-Chief. Welcome back to Insider Weekly, a roundup of some of our top stories.
On the agenda today:
But first: Adam Rogers, a senior tech correspondent at Insider, explains why ChatGPT is for suckers.
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Chatbots are liars
An eye looking at boxes that fill with AI-generated text
iStock; Rebecca Zisser/Insider
I and 10,000 other reporters have been telling you for weeks what artificial intelligence researchers have known for years: Chatbots like the ones that Google and Microsoft build into their search engines are liars, Insider’s Adam Rogers writes.
You invent things. You’re doing things wrong. But people still believe them. Why? Well, social scientists don’t really know why anyone believes anything from crazy stuff they read on Twitter to cherished ideals. Add Google and B into the mix and things get weirder.
We’re trained to expect the truth from search engines, and chatbots present themselves as authoritarian humans. They have things that sound like facts, but they’re talking about themselves in the first person (“I think…”).
What they say seems good enough, and according to some research, “Meh, seems alright” is the only distance most people are willing to walk for knowledge. We all tend to avoid difficult questions and the new chatbots are here with easy answers.
Why ChatGPT is a robot scammer.
Continue reading:
The great stock market reversal
Trader upside down chart screen computer
Getty Images
The stock market has been turned upside down so far in 2023. Risky assets that have struggled over the last year are now making a big comeback, even in the face of continued Federal Reserve rate hikes.
Some of 2022’s biggest losers, like bitcoin, electric vehicle stocks, and unprofitable software companies, have rallied over the first six weeks of 2023. And investor hype has seen a major resurgence as artificial intelligence captures consumer imaginations.
More about the wrong stock market.
Continue reading:
A bassinet and “Big Brother” allegations
Illustration of Nina Montée Karp and Harvey Karp as babies in a Snoo bassinet
Michelle Rohn for Insiders
Nina Montée Karp and her husband and co-founder Harvey Karp launched the Snoo in 2016 — a $1,700 high-tech cradle. Since then they have been celebrated as visionaries.
A current employee and more than a dozen former employees of Happiest Baby, the company behind Snoo, told Insider that it’s far weirder – and worse managed – than all their glowing profiles would suggest. They described a celebrity-obsessed, gossip-fed “surveillance state” where even the office cleaner was used to gather information about employees.
In the dysfunctional culture of Happiest Baby.
Continue reading:
Welcome to Generation Quit
gen z job search
Carol Yepes/Getty Images
Gen Z was perhaps hit hardest during the “Great Resignation”. The youngest workers were first on the chopping block in the 2020 layoffs. And those who stayed saw mentors leave and were forced to plug holes as other team members left.
Faced with these conditions, Gen Z has adapted to a new normal: when in doubt, find a new job.
How Gen Z suffers from a lack of support.
Continue reading:
A controversial psychedelics empire
Compass Pathways is conducting a massive clinical trial that will likely help transform a psychedelic substance into an approved drug.
Compass Pathways is conducting a massive clinical trial that will likely help turn a psychedelic substance into an approved drug. Anna Kim/Insider
dr Ekaterina Malievskaia and George Goldsmith are poised to transform mental health care through the use of psychedelics. Her company, Compass Pathways, has launched a massive clinical trial — and if successful, Compass would be the first company to convert a psychedelic substance into an FDA-approved drug.
But the company is a controversial figure in the industry. It has angered some of the academics and advocates whose work helped start the psychedelics renaissance in the first place. Insider spoke to more than a dozen industry contributors to detail his rise and role in the psychedelics boom.
How it could make or break the industry.
Continue reading:
Quote this week:
“I’ve achieved something I’ve wanted more than anything for 15 years.”
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Bryan O’Keeffe, who moved to a remote village, quit his job and cut ties with loved ones for seven months – and lost 137 pounds.
Other top readings this week:
Curated by Matt Turner. Edited by Dave Smith and Lisa Ryan. Sign up for more Insider newsletters here.
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