WEBVTT - Tech News: A Chatbot Earns an MBA (Not Really)

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<v Speaker 1>Welcome to tech Stuff, a production from I Heart Radio.

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<v Speaker 1>Hey there, and welcome to tech Stuff. I'm your host,

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<v Speaker 1>Jonathan Strickland. I'm an executive producer with I Heart Radio.

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<v Speaker 1>And how the tech are you? It is time for

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<v Speaker 1>the tech news for Tuesday, January twenty four. Man, we're

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<v Speaker 1>almost out of January already, and we are going to

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<v Speaker 1>begin with an update about open Ai. So, literally yesterday,

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<v Speaker 1>moments after I sent the episode about open Ai, it

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<v Speaker 1>was the story of open Ai, in case you weren't aware,

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<v Speaker 1>I ended up seeing headlines confirming what had been rumored

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<v Speaker 1>for a couple of weeks that Microsoft is investing big

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<v Speaker 1>time into open Ai. While details are a little scarce,

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<v Speaker 1>a Microsoft blog post proclaims that the two companies are

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<v Speaker 1>entering into the third phase of their partnership and that

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<v Speaker 1>it would be a quote multi year, multibillion dollar investment

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<v Speaker 1>end quote for Microsoft. The general consensus is that this

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<v Speaker 1>is Microsoft's bid to be competitive against Google, which, through

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<v Speaker 1>its own work and various acquisitions, is also heavily invested

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<v Speaker 1>in the field of AI research and development. Also, I

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<v Speaker 1>imagine that all the folks who were recently notified that

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<v Speaker 1>they were being laid off at Microsoft. We're talking about

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<v Speaker 1>like thousands of people at this point are likely a

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<v Speaker 1>little upset about, you know, hearing the company is going

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<v Speaker 1>to invest billions into efforts around AI. Yeah, there have

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<v Speaker 1>been a lot of stories about Microsoft in particular, but

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<v Speaker 1>companies in general putting out big expenditures right after laying

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<v Speaker 1>off tons of workers. That's never a good look. Also

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<v Speaker 1>related to yesterday's episode is another story that Professor Christian

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<v Speaker 1>Tervish or ur Wish I'm not sure how to say

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<v Speaker 1>his name over at the University of Pennsylvania's Wharton School

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<v Speaker 1>of Business gave chat GPT, which is the open AI

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<v Speaker 1>powered chat bought a final exam in the university's NBA

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<v Speaker 1>program that's Masters of Business Administration. Now, I'm not sure

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<v Speaker 1>if the fact that chat GPT passed that final exam,

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<v Speaker 1>if that says something great about Chat GPT, or it

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<v Speaker 1>confirms some sardonic opinions about m b a's and the

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<v Speaker 1>difficulty of getting one. Apologies to any NBA's out there,

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<v Speaker 1>but you know, y'all have a bad rep Now, I'm

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<v Speaker 1>not saying that you earned that reputation. I'm just saying

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<v Speaker 1>that reputation sure as heck exists and it mostly revolves

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<v Speaker 1>around the perceived over reliance on jargon. Anyway, according to

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<v Speaker 1>the professor, chat GPT scored somewhere in the low B

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<v Speaker 1>range of the final meaning it didn't ace the test,

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<v Speaker 1>but it did perform better than average. Now I'm doing

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<v Speaker 1>my best to resist making a lot of jokes here.

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<v Speaker 1>I am curious how chat GPT would do if you

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<v Speaker 1>said to the task of creating, say a dissertation. My

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<v Speaker 1>guess is that the gaps in its abilities would become

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<v Speaker 1>far more apparent if that were the case. For one thing,

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<v Speaker 1>it is absolutely terrible at citing its sources. I got

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<v Speaker 1>a couple of Musk related topics to talk about this week.

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<v Speaker 1>First up, Elon Musk is currently on trial for securities fraud.

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<v Speaker 1>This is something that the SEC was onto him about

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<v Speaker 1>a few years ago, and in fact it's over the

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<v Speaker 1>same incident. Now the sec case that one was settled.

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<v Speaker 1>Elon Musk agreed to pay forty million dollars to settle

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<v Speaker 1>that matter without admitting fault, and later on he said

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<v Speaker 1>he was browbeaten into that that course of action settling

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<v Speaker 1>the case. Now he's been sued by a collection of

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<v Speaker 1>Tesla investors who say that Musk's tweets back in two

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<v Speaker 1>thousand eighteen gave false information, namely that Musk had claimed

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<v Speaker 1>he had secured the funding necessary to take Tesla private

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<v Speaker 1>at four dollars per share that are not insignificant amount

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<v Speaker 1>of time was actually spending court trying to get Musk

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<v Speaker 1>to admit that his use of the number four twenty

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<v Speaker 1>was a joke about marijuana. But Musk did not budge

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<v Speaker 1>on that. He said it was merely a twenty percent

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<v Speaker 1>over the value of the stock at the time, which

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<v Speaker 1>was a standard thing if you wanted to take a

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<v Speaker 1>company private. That's what he argues is that if you're

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<v Speaker 1>planning to take a company private, you have to increase

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<v Speaker 1>the cost per share by to convince shareholders too to

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<v Speaker 1>to deal to sell their stock at a premium, and

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<v Speaker 1>then the company can go private. That's what Musk is saying,

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<v Speaker 1>and that's just a coincidence that happened to before twenty.

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<v Speaker 1>But as to the actual claim of securing funding, there

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<v Speaker 1>was a lot more back and forth in the court

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<v Speaker 1>about that. Musk says that he received a ventially a

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<v Speaker 1>verbal agreement from Saudi Arabia's Public Investment Fund or p

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<v Speaker 1>i F that they were going to provide funding for

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<v Speaker 1>this uh this move of Tesla from publicly traded to

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<v Speaker 1>private company. This is the same p i F that

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<v Speaker 1>helped Musk by Twitter late last year. Also, the b

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<v Speaker 1>i F represents the interests of the Saudi Prince, whom

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<v Speaker 1>you might know as the guy who allegedly ordered journalist

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<v Speaker 1>Jamal Kashogi to be assassinated. Anyway, Must never got any

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<v Speaker 1>of this in writing. So the investors are claiming that

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<v Speaker 1>Musk was misrepresenting himself in those tweets by saying that

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<v Speaker 1>he had secured funding when in fact he had not

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<v Speaker 1>secured funding, and that he was essentially engaging in securities

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<v Speaker 1>fraud and market manipulation. Should he be found guilty, Must

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<v Speaker 1>could be fined an enormous amount of money. I'll try

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<v Speaker 1>to stay up to date with the story as it develops.

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<v Speaker 1>Over the weekend. He on, Musk tweeted that Twitter has

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<v Speaker 1>too many ads. Then this will soon be addressed. Also

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<v Speaker 1>that Twitter will have a higher tier subscription level that

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<v Speaker 1>will be completely ad free, so if you become one

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<v Speaker 1>of the subscribers, you'll get an ad free experience on Twitter.

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<v Speaker 1>Of course, a lot of brands have already abandoned Twitter,

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<v Speaker 1>and ad revenues are reportedly way way down, so you

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<v Speaker 1>might just want to, you know, wait around, because it

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<v Speaker 1>sounds like Twitter could be ad free before long, whether

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<v Speaker 1>you have a subscription or not. Sad Trombone, Alright, to

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<v Speaker 1>be fair, I think the last report I said read

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<v Speaker 1>that half of the Top one advertisers had abandoned Twitter.

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<v Speaker 1>But this was early on in Musk's takeover, so this

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<v Speaker 1>was like last November. It could very well be that

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<v Speaker 1>that trend has reversed. It's hard to say because Twitter

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<v Speaker 1>no longer has a PR department, so you don't really

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<v Speaker 1>hear about what is going on from an ad revenue

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<v Speaker 1>perspective very much. Reuter's reports that Apple is working with

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<v Speaker 1>several big media partners in an effort to create content

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<v Speaker 1>for the company's upcoming mixed reality headset. It's an x

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<v Speaker 1>R headset, if you will. Disney is said to be

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<v Speaker 1>one of the media companies that is dealing with Apple

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<v Speaker 1>right now. And this is not a huge shock. Hardware,

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<v Speaker 1>particularly mixed reality hardware, is really just a paperweight if

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<v Speaker 1>you don't have any software to run on it. With

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<v Speaker 1>the rumored price tag for Apple's headset being in the

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<v Speaker 1>three thousand dollar range. I'm not sure anyone is going

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<v Speaker 1>to be able to make a feature that is killer

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<v Speaker 1>enough to turn this product into a best seller, Like,

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<v Speaker 1>it has to be a really compelling use case to

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<v Speaker 1>convince people to fork over three grand to get one

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<v Speaker 1>of these. If you'll recall, Apple had previously planned to

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<v Speaker 1>release augmented reality glasses, but now reportedly those plans have

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<v Speaker 1>been put on the shelf indefinitely due to it being

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<v Speaker 1>wicked hard to make something that fits in such a

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<v Speaker 1>relatively small form factor and still you know, work. Instead,

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<v Speaker 1>Apple is going the mixed reality headset route, so it's

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<v Speaker 1>more of a combination of virtual reality and augmented reality.

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<v Speaker 1>So you've got a display that you're looking at as

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<v Speaker 1>opposed to transparent lenses, but the headset has outward facing

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<v Speaker 1>cameras so you can get a pass through video feed,

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<v Speaker 1>so you're looking at a live video feed of whatever

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<v Speaker 1>is in front of you. Um, so it's kind of

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<v Speaker 1>like you're looking at a live broadcast instead of at

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<v Speaker 1>the actual world around you. While the first generation sounds

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<v Speaker 1>like it's going to be prohibitively expensive for most of

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<v Speaker 1>us anyway, the long term plan is to release a

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<v Speaker 1>less expensive headset later on, perhaps, though my guess is

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<v Speaker 1>that it would still be more than a thousand dollars

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<v Speaker 1>based upon how expensive this first one is rumored to be.

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<v Speaker 1>So yeah, I don't know if anyone's gonna make and

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<v Speaker 1>experience so incredible that it's gonna convince more people to

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<v Speaker 1>fork over three grand. I'm sure there will be some.

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<v Speaker 1>There always are. Apple has some pretty die hard fans

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<v Speaker 1>with a lot of discretionary income. Man, Okay, hey, remember

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<v Speaker 1>Sam Bankman Freed a k A SBF, the co founder

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<v Speaker 1>of former cryptocurrency exchange f t X, And you remember

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<v Speaker 1>how f t X imploded last year and SPF was

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<v Speaker 1>reduced to being almost penniless according to most reports. Well, personally,

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<v Speaker 1>I would love to experience his version of being penniless,

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<v Speaker 1>because I just read that federal prosecutors have managed to

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<v Speaker 1>seize around seven hundred million dollars of assets belonging to

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<v Speaker 1>SPF this month alone. And you know, I get it,

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<v Speaker 1>SPF had millions of dollars. It's just that none of

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<v Speaker 1>those millions of dollars were in pennies, so nically he

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<v Speaker 1>was penniless. Now it all makes sense. Anyway, SPF is

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<v Speaker 1>to go to trial over charges of securities fraud and

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<v Speaker 1>similar charges this coming October. He has pled not guilty

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<v Speaker 1>to these charges and he's currently under essentially house arrest

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<v Speaker 1>at the moment, which, y'all, I've heard of folks who

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<v Speaker 1>end up having to stay in jail after stealing less

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<v Speaker 1>than a hundred bucks. This guy is accused of misappropriating

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<v Speaker 1>billions of dollars and he gets to wait his pre

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<v Speaker 1>trial time out at his parents house, which, believe me,

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<v Speaker 1>is not a shack in the woods. What a world. Anyway,

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<v Speaker 1>About half a billion dollars of the seized assets were

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<v Speaker 1>in the form of shares for the company Robin Hood,

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<v Speaker 1>and almost a hundred million of it happened to be

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<v Speaker 1>in an account cash in an account with a bank

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<v Speaker 1>that's called silver Gate. One wonders how many other places

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<v Speaker 1>might be holding money or assets belonging to SPF. It's

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<v Speaker 1>pretty incredible. Okay, we've got more news Rois to go,

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<v Speaker 1>but before we get to that, let's take a quick break. Okay,

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<v Speaker 1>we're back, and we're back to crypto currency. So Reuter's

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<v Speaker 1>reports that Finance the largest crypto exchange in the world,

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<v Speaker 1>and one of the factors that you know, contributed to

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<v Speaker 1>ft x is implosion last year, has processed nearly three

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<v Speaker 1>forty six million dollars in bitcoin transactions for a different

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<v Speaker 1>digital currency exchange called bits lato. And you might wonder, well,

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<v Speaker 1>why does that matter, Well, that's because US authorities have

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<v Speaker 1>called bits lata or latto a money laundering engine, and

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<v Speaker 1>they have arrested that company's founder, who is a guy

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<v Speaker 1>named Ana totally leg Kodomov. And again I'm sure I'm

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<v Speaker 1>butchering name pronunciations. So the implication is that finance was

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<v Speaker 1>complicit in processing illegal funds. Bits Lato had heavy dealings

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<v Speaker 1>with a dark market called Hydra, best known for dealing

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<v Speaker 1>in illegal goods like drugs, and representatives at Binance say

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<v Speaker 1>that Reuters has it all wrong and that Binance is

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<v Speaker 1>very very alert when it comes to attempts to do

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<v Speaker 1>hanky and or panky with the exchange. They have claimed

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<v Speaker 1>that the company has instituted systems that check for possible

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<v Speaker 1>money laundering schemes and the like, but from the Reuter's report,

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<v Speaker 1>it sounds like these claims are perhaps not entirely convincing. Anyway,

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<v Speaker 1>Binance has been under scrutiny for a long time, even

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<v Speaker 1>before the ft x collapse, and I suspect that scrutiny

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<v Speaker 1>will intensify as a result of this new development. Here

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<v Speaker 1>in the United States, the Department of Justice is expected

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<v Speaker 1>to sue Google over antitrust concerns. Specifically, the d o

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<v Speaker 1>j c's Google as holding a near monopoly on the

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<v Speaker 1>digital advertise market and that it maintains its dominant position

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<v Speaker 1>by practicing anti competitive strategies and you know, just suppressing

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<v Speaker 1>competition in general. Google is likely to argue, as it

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<v Speaker 1>has in the past, that there's still a great deal

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<v Speaker 1>of competition in the digital advertising space, with massive companies

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<v Speaker 1>like Meta, Slash, Facebook, A, T and T, and Comcast

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<v Speaker 1>in the mix. And I'm not sure if this lawsuit

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<v Speaker 1>will actually go anywhere, but it is yet another indication

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<v Speaker 1>there is currently some momentum in the US when it

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<v Speaker 1>comes to pushing back against big companies in general and

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<v Speaker 1>big tech in particular. Yesterday, Spotify announced that it will

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<v Speaker 1>be cutting six percent of its workforce, which is around

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<v Speaker 1>six hundred jobs. The company seems to be saying the

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<v Speaker 1>same thing that we've heard from other companies within the

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<v Speaker 1>tech space, namely that the pandemic drove business up, and

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<v Speaker 1>so the company invested in hiring and growth, and then

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<v Speaker 1>as things started to return to normal and business began

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<v Speaker 1>to weigh along with macro economic factors coming into play,

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<v Speaker 1>it became clear that this growth was more than what

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<v Speaker 1>the company could comfortably sustain while also returning value to shareholders.

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<v Speaker 1>So now the company is cutting back, and y'all, it's

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<v Speaker 1>getting real tough out there with all these companies cutting

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<v Speaker 1>jobs in the tech sector in particular. If you or

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<v Speaker 1>someone you know has been affected by layoffs, I just

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<v Speaker 1>want to say, I've been there. It's stinks, but I

0:14:29.000 --> 0:14:33.320
<v Speaker 1>do believe in you, so hanging there and good luck.

0:14:34.280 --> 0:14:38.560
<v Speaker 1>I hope it all turns out well because it it's

0:14:38.600 --> 0:14:43.240
<v Speaker 1>tough and it sucks and I've been there. Yuck. So

0:14:43.360 --> 0:14:48.400
<v Speaker 1>when a hacker discovers the Transportation Safety Administration a k a.

0:14:48.520 --> 0:14:52.840
<v Speaker 1>The t s A has a no fly list that

0:14:53.080 --> 0:14:56.520
<v Speaker 1>is on an unsecured web server, who is really to

0:14:56.640 --> 0:15:02.000
<v Speaker 1>blame when they? You know published fact. The reason I

0:15:02.040 --> 0:15:05.800
<v Speaker 1>ask is because Tilly Kottman, who uses the hacker handle

0:15:06.280 --> 0:15:10.960
<v Speaker 1>maya Arson crime you, was tooling around on this unsecured server.

0:15:11.400 --> 0:15:13.240
<v Speaker 1>She says she was doing it because she was bored,

0:15:13.720 --> 0:15:16.440
<v Speaker 1>and she discovered the no fly list on this server,

0:15:16.800 --> 0:15:20.160
<v Speaker 1>and that includes around one and a half million names.

0:15:20.560 --> 0:15:23.800
<v Speaker 1>These are names of people who are forbidden from flying

0:15:23.920 --> 0:15:27.280
<v Speaker 1>here in the US due to being either a terrorist

0:15:27.440 --> 0:15:31.840
<v Speaker 1>or suspected terrorist. Now, normally this kind of list would

0:15:31.840 --> 0:15:36.320
<v Speaker 1>be hidden safely away under lock and key and protected,

0:15:36.680 --> 0:15:39.080
<v Speaker 1>but Tilly says she was able to gain access to

0:15:39.120 --> 0:15:42.760
<v Speaker 1>the list with no resistance, which does point to a

0:15:42.800 --> 0:15:46.520
<v Speaker 1>pretty massive security problem. U S authorities would like a

0:15:46.520 --> 0:15:50.160
<v Speaker 1>word or actually probably a lot of words with Tilly,

0:15:50.360 --> 0:15:54.520
<v Speaker 1>who's also suspected of being behind other massive hacks, including

0:15:54.560 --> 0:15:57.640
<v Speaker 1>one that happened a couple of years ago where a

0:15:57.680 --> 0:16:01.960
<v Speaker 1>hacker accessed more than a hundred thousand surveillance cameras belonging

0:16:02.000 --> 0:16:06.680
<v Speaker 1>to Vercada. But y'all, you know it's not breaking and entering.

0:16:07.040 --> 0:16:10.040
<v Speaker 1>If the front door is wide open, that's just entering

0:16:10.400 --> 0:16:14.280
<v Speaker 1>and maybe also trespassing. But you get my point. And finally,

0:16:14.600 --> 0:16:16.720
<v Speaker 1>I would like to tell you about a new hero

0:16:17.000 --> 0:16:20.960
<v Speaker 1>of mine. His name is Brian Birmingham and he's now

0:16:21.200 --> 0:16:24.760
<v Speaker 1>a former lead engineer for Blizzard. So Brian is no

0:16:24.800 --> 0:16:28.280
<v Speaker 1>longer employed at Blizzard because he objected to the company's

0:16:28.480 --> 0:16:35.320
<v Speaker 1>stack ranking process for evaluating employee performance. Essentially, Brian was told,

0:16:35.480 --> 0:16:39.280
<v Speaker 1>as all leaders in Blizzard were told, that he had

0:16:39.320 --> 0:16:44.160
<v Speaker 1>to rank the employees under his leadership along a bell curve,

0:16:44.600 --> 0:16:47.800
<v Speaker 1>and that this would include about five of those employees

0:16:47.840 --> 0:16:51.200
<v Speaker 1>being placed at the bottom. Because that's how bell curves work.

0:16:51.680 --> 0:16:54.440
<v Speaker 1>You have to have a top percentage and you have

0:16:54.600 --> 0:16:58.560
<v Speaker 1>to have a bottom percentage. Even if everyone is kicking

0:16:58.880 --> 0:17:02.400
<v Speaker 1>butt and taking names at their jobs, this kind of

0:17:02.440 --> 0:17:06.520
<v Speaker 1>structure requires you to single out people and say these

0:17:06.560 --> 0:17:10.080
<v Speaker 1>are the bottom performers. And presumably that would then affect

0:17:10.080 --> 0:17:13.359
<v Speaker 1>those employees in the form of bonus payments, and it

0:17:13.400 --> 0:17:15.439
<v Speaker 1>could also serve as sort of a black mark on

0:17:15.440 --> 0:17:18.239
<v Speaker 1>their employment history. It could mean that later down the

0:17:18.240 --> 0:17:21.720
<v Speaker 1>line they would be prevented from getting a promotion because

0:17:22.200 --> 0:17:26.240
<v Speaker 1>it would be marked that at three they were they

0:17:26.240 --> 0:17:31.160
<v Speaker 1>were evaluated as being a bottom performer. Brian essentially called

0:17:31.240 --> 0:17:35.400
<v Speaker 1>bs on this practice. He said, it's counterproductive and it's

0:17:35.440 --> 0:17:38.480
<v Speaker 1>bound to make employees try to avoid being in that

0:17:38.520 --> 0:17:42.520
<v Speaker 1>bottom five per cent, not by being better at their jobs,

0:17:42.640 --> 0:17:46.440
<v Speaker 1>but perhaps by engaging in stuff like sabotage, like trying

0:17:46.440 --> 0:17:50.359
<v Speaker 1>to cause other employees to fall on that bottom five instead,

0:17:50.520 --> 0:17:54.440
<v Speaker 1>or they might seek out a low performing group because

0:17:54.480 --> 0:17:58.000
<v Speaker 1>they could stand out as a high performer if they

0:17:58.080 --> 0:18:02.760
<v Speaker 1>just sought out mediocrity, and that this is all ultimately

0:18:02.840 --> 0:18:06.159
<v Speaker 1>counterproductive to the ultimate company's goals, and a lot of

0:18:06.200 --> 0:18:10.840
<v Speaker 1>other companies have used and subsequently abandoned this practice, finding

0:18:10.880 --> 0:18:14.720
<v Speaker 1>in fact that it is counterproductive, but Blizzard is still

0:18:14.720 --> 0:18:18.080
<v Speaker 1>doing it anyway. Brian said he would not participate in this,

0:18:18.520 --> 0:18:22.439
<v Speaker 1>and he was subsequently fired. He didn't intend for the

0:18:22.440 --> 0:18:25.280
<v Speaker 1>story to become public news, but someone else leaked it

0:18:25.320 --> 0:18:28.200
<v Speaker 1>to the media and here we are. So my hat

0:18:28.280 --> 0:18:30.440
<v Speaker 1>is off to you, Brian. You stood up for those

0:18:30.480 --> 0:18:35.680
<v Speaker 1>in your department, You protested an inherently flawed management system,

0:18:35.720 --> 0:18:39.440
<v Speaker 1>and you set an amazing example in a company would

0:18:39.440 --> 0:18:42.359
<v Speaker 1>be lucky to have you as a lead engineer. And

0:18:42.400 --> 0:18:44.800
<v Speaker 1>it's my hope that you will be able to actually

0:18:44.800 --> 0:18:49.000
<v Speaker 1>return to Blizzard, where you clearly enjoy working, and that

0:18:49.080 --> 0:18:51.399
<v Speaker 1>you will be able to lead in an environment that

0:18:51.520 --> 0:18:57.000
<v Speaker 1>doesn't pit employees against one another like it's the thunder dome. Okay,

0:18:57.080 --> 0:19:00.760
<v Speaker 1>that's it for the news stories today to us day January.

0:19:02.160 --> 0:19:04.960
<v Speaker 1>I hope you are all well. If you have suggestions

0:19:05.040 --> 0:19:07.520
<v Speaker 1>for topics that should cover in tech stuff, remember to

0:19:07.560 --> 0:19:09.600
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0:19:15.560 --> 0:19:18.200
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<v Speaker 1>in length. Let me know what you would like to

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<v Speaker 1>hear in the future, and I'll talk to you again

0:19:32.920 --> 0:19:42.119
<v Speaker 1>really soon. Y text Stuff is an I heart Radio production.

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