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How parametric insurance startups use data science and AI to limit their liability, as climate change makes typical kinds of coverage unprofitable (Christopher Mims/Wall Street Journal) 09-12-2023

Christopher Mims / Wall Street Journal: How parametric insurance startups use data science and AI to limit their liability, as climate change makes typical kinds of coverage unprofitable  —  A new breed of insurer is finding opportunity as larger companies exit some markets  —  If floodwaters outside a warehouse in Freeport … Lees verder op Tech Meme

Nvidia's stock has beaten every other stock in the S&P 500 this year and is on pace for the best annual performance of any major stock in the past decade (Ben Cohen/Wall Street Journal) 09-12-2023

Ben Cohen / Wall Street Journal: Nvidia’s stock has beaten every other stock in the S&P 500 this year and is on pace for the best annual performance of any major stock in the past decade  —  Jensen Huang, the CEO of the year’s most successful company, has a theory about the superpower of entrepreneurs Lees verder op Tech Meme

Lead attorneys for Epic and Google say Tim Sweeney and Sundar Pichai met for an hour on December 7 and the meeting “did not result in a settlement” (Sean Hollister/The Verge) 09-12-2023

Sean Hollister / The Verge: Lead attorneys for Epic and Google say Tim Sweeney and Sundar Pichai met for an hour on December 7 and the meeting “did not result in a settlement”  —  “These meetings did not result in a settlement.”  —  Also new: This is the final verdict form (pdf) the jury will use to decide Epic v. Google. Lees verder op Tech Meme

OpenAI says it is aware of feedback about GPT-4 getting “lazier” and is “looking into fixing it”, and explains that model behavior can be unpredictable (ChatGPT/@chatgptapp) 09-12-2023

ChatGPT / @chatgptapp: OpenAI says it is aware of feedback about GPT-4 getting “lazier” and is “looking into fixing it”, and explains that model behavior can be unpredictable  —  we’ve heard all your feedback about GPT4 getting lazier! we haven’t updated the model since Nov 11th, and this certainly isn’t intentional. model behavior can be unpredictable, and we’re looking into fixing it 🫡 Lees verder op Tech Meme

The EU AI Act includes restrictions for foundation models, with some proprietary models classified as having “systemic risk” subjected to additional obligations (Washington Post) 09-12-2023

Washington Post: The EU AI Act includes restrictions for foundation models, with some proprietary models classified as having “systemic risk” subjected to additional obligations  —  The regulation paves the way for what could become a global standard to classify risk, enforce transparency … Lees verder op Tech Meme

Amazon files a motion to dismiss FTC's lawsuit, arguing the agency relies on anecdotal evidence and fails to prove that Amazon's practices hurt consumers (Spencer Soper/Bloomberg) 09-12-2023

Spencer Soper / Bloomberg: Amazon files a motion to dismiss FTC’s lawsuit, arguing the agency relies on anecdotal evidence and fails to prove that Amazon’s practices hurt consumers  —  The US Federal Trade Commission’s antitrust case against Amazon.com Inc. relies on anecdotal evidence from a handful of online merchants … Lees verder op Tech Meme