The stock market shows signs of a bubble, particularly in unproven emerging tech sectors like nuclear, electric vehicles, and quantum computing, which have soared despite little or no revenue, reminiscent of past bubbles like the dot-com era. While AI stocks like Nvidia and Meta are less overvalued, the broader market's high valuations and speculative investments pose risks for investors. Historically, such bubbles tend to burst, leading to significant declines.
Attorney General Merrick B. Garland has designated Jonathan Mayer as the Justice Department’s first Chief Science and Technology Advisor and Chief AI Officer to ensure the department is prepared for the challenges and opportunities presented by new technologies. Mayer, an assistant professor at Princeton University, will advise on complex technical issues, spearhead technological capacity-building efforts, and lead the department's efforts on AI and other emerging technologies.
OpenAI's ChatGPT went haywire, generating nonsensical responses for hours, prompting investigation and sparking confusion and fear among users. The glitch, which ranged from non-sequiturs to repeating phrases, was eventually resolved, but raised concerns about the potential for harm when relying on AI for work and life, highlighting the importance of approaching generative AI output with caution.
ChatGPT, an AI chatbot, has the potential to solve problems in almost any industry, domain, or context, making it a valuable tool for innovation. Companies can use ChatGPT to further exploit their current value proposition, expand their value proposition by solving new problems for customers, or explore a completely new value proposition that customers may not even know they need yet. However, using ChatGPT for innovation requires a different skill: emergent thinking, which involves generating ideas for innovation without fully understanding the problem that needs to be solved.
The US Government National Standards Strategy for Critical and Emerging Technology emphasizes support for the private sector-led standards system and engagement in international standards to strengthen US leadership and competitiveness in standards development for critical and emerging technologies. The Standards Information Center will provide resources and opportunities for stakeholders to share their input.
