The lawsuit against OpenAI

Goldman Sachs Predicts AI Stocks to Surge.

Author

Randy Stueber
August 25, 2023

Use it or it will use you!!

robot and human in court

Appetizer The lawsuit against OpenAI

is a legal dispute that involves the company that created ChatGPT, a popular AI tool that can generate text based on user prompts. The lawsuit was filed by a California-based law firm called Clarkson, which represents a group of internet users whose data was allegedly used by OpenAI without their consent or compensation. The lawsuit claims that OpenAI violated the rights of millions of internet users when it scraped their social media posts, blog articles, Wikipedia entries, and other online content to train its AI models. The lawsuit also accuses OpenAI of misappropriating the data to develop a volatile and untested technology that poses risks to privacy and security.

Don’t know how this will affect the markets as open AI is not publicly traded but the companies that contribute to it are. And how will it affect the growth of this tech?  Will it slow down?

1. yahoo.com2. nypost.com3. msn.com

The lawsuit seeks to stop OpenAI from further using the data and to pay damages to the affected users123.

Main course: Goldman Sachs Predicts AI Stocks to Surge.

Goldman Sachs Predicts AI Stocks Could Surge 30% in the Next Decade

Goldman Sachs analysts have predicted that artificial intelligence (AI) stocks could surge by 30% in the next decade, as the technology becomes increasingly widespread and adopted by businesses.

In a research note, the analysts said that AI is "one of the most important investment themes of the next decade" and that it has the potential to revolutionize many industries, including healthcare, finance, and manufacturing.

The analysts cited several factors that could drive the growth of AI stocks, including:

  • The increasing availability of data: AI algorithms need data to train and improve, and the amount of data available is growing rapidly.

  • The falling cost of computing power: The cost of computing power has been falling steadily, making it more affordable for businesses to adopt AI technologies.

  • The development of new AI applications: AI is being used in a growing number of applications, from self-driving cars to medical diagnosis.

The analysts said that the best AI stocks to invest in are those that are "first movers" in their respective industries and that have a strong track record of innovation. They also recommended investing in AI stocks that are backed by large, established companies.

Some of the AI stocks that Goldman Sachs has recommended include:

  • Nvidia (NVDA): Nvidia is a leading provider of graphics processing units (GPUs), which are used in AI applications.

  • Alphabet (GOOG): Alphabet's DeepMind subsidiary is one of the leading AI research labs in the world.

  • Microsoft (MSFT): Microsoft is investing heavily in AI and has a number of AI-related products and services.

  • Amazon (AMZN): Amazon is using AI to improve its products and services, such as its recommendation engine and its voice assistant, Alexa.

  • Tesla (TSLA): Tesla is using AI to develop self-driving cars and other autonomous vehicles.

The analysts said that the AI market is still in its early stages of development, but that it has the potential to be a very large and lucrative market. They advised investors to "start small" and to "diversify" their investments in AI stocks.

It is important to note that the analysts' predictions are just that - predictions. There is no guarantee that AI stocks will surge in the next decade, and there are a number of risks that could derail their growth. However, the analysts believe that the long-term potential of AI is significant, and they believe that AI stocks could be a good investment for the future.

 

Dessert  Mo Gawdat discusses…….

the concerns surrounding artificial intelligence (AI), stating that it has the potential to replace millions of jobs and that not enough people are aware of the drastic changes that will occur by 2025. He warns that the real threat lies with humans who control and direct AI, rather than the machines themselves. He highlights the risks associated with AI, including job displacement, wealth inequality, and the erosion of authentic human connection. Gawdat emphasizes the need for ethical guidelines in AI development and urges individuals to embrace AI while also ensuring its ethical use.

In this YouTube video, Mo Gawdat discusses the potential dangers and disruptions that could arise from advancements in artificial intelligence (AI). He highlights concerns about an arms race in AI and the potential advantage certain players could gain, including hackers, defense authorities, and criminals. Gawdat warns that without addressing the risks and fostering a collective effort to shape AI's future responsibly, society could be completely redesigned. He emphasizes the need for an "artificially intelligent policeman" to counter the threat of an "artificially intelligent criminal." Gawdat's warning highlights the urgency of addressing the challenges posed by AI and the need for informed engagement to shape its development and control.

On another subject, my fictional book about AI is 90% finished

Disclaimer: None of the information here is financial advice. This newsletter is for informational purposes only and not to be used as investment advice or a solicitation to buy or sell any assets. Any and all financial decisions you make should be carefully researched on your own or discussed with a financial advisor. 

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