Friday Links: AI Open Letter

Posted by Jacob Radke

How dangerous is AI to the world?

We even had this debate internally. I fully believe that AI has it’s risks but is overwhelmingly a net positive. Maybe I am wrong, because I am not an expert in AI, nor do I operate in that space at all. I am an outsider looking in.

I believe that AI will stimulate more “hiring” not replace jobs, further advancing GDP growth potential and productivity, which we drastically need. AI will give workers the tools to enhance, not replace their current job functions. I think of it this way, every human becomes a manager of an AI workforce for work functions and in that way jobs won’t be replaced and we can do unfathomably more output.

Here’s what the experts are saying though…

Elon Musk, CEO of SpaceX, Tesla & Twitter

Steve Wozniak, Co-founder, Apple

Emad Mostaque, CEO, Stability AI

Evan Sharp, Co-Founder, Pinterest

Chris Larsen, Co-Founder, Ripple

Craig Peters, CEO, Getty Images

These are just some of the people that signed the open letter saying “We call on all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4.”

Within the open letter it states that "AI systems with human-competitive intelligence can pose profound risks to society and humanity, as shown by extensive research and acknowledged by top AI labs.”

The other important thing to note in the letter is “contemporary AI systems are now becoming human-competitive at general tasks, and we must ask ourselves: Should we let machines flood our information channels with propaganda and untruth? Should we automate away all the jobs, including the fulfilling ones? Should we develop nonhuman minds that might eventually outnumber, outsmart, obsolete and replace us? Should we risk loss of control of our civilization? Such decisions must not be delegated to unelected tech leaders. Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable.”

Notice how not a single one of the names listed above is a current CEO of one of the big four tech companies, Apple, Microsoft, Amazon, or Google. Most signatures are coming from professors, co-founders, and AI activists.

Believe me if there was a tech CEO on this list, I would’ve mentioned them.

Those are the folks that are pushing for AI integration. They want a piece of the massively growing pie and will stop at nothing to capture some of the pie.

Time will tell, because I don’t think this is going to stop rapid AI development, especially in massive for profit tech companies. It’s their job to capitalize and capitalize they will.

Anyways that’s my rant on AI, here’s everything I read and wrote this week.


Running the Tape - What is Bitcoin’s Current Value Proposition

Running the Tape - Insurance but for your Bonds

SVB hearing: Bank stocks fall after top regulators back stricter regulations (

First Citizens Acquires Much of Failed Silicon Valley Bank - WSJ

Why the Stock Market Makes You Feel Bad All the Time - A Wealth of Common Sense

Hike, Pause, Cut - The Irrelevant Investor

CFTC: Binance and CZ violated compliance rules to solicit U.S. users (

Industry Analysts Predict a 17% Price Increase for the S&P 500 Over the Next 12 Months (

Bitcoin Versus Banks - The Irrelevant Investor


Pause Giant AI Experiments: An Open Letter - Future of Life InstituteDisney CEO Bob Iger ousts Marvel chairman Isaac Perlmutter in job cuts (

Apple Pay Later is finally launching - The Verge

U.S. Pushes for Business Investment in Africa to Counter China’s Reach - WSJ

A shock to lending standards - The Reformed Broker

OpenAI Plugins Transform ChatGPT Into An App Platform, And More... (

The Death of Credit Suisse - by Joseph Politano (


Of Course WFH is "Really Working" - The Big Picture (

Remote work grew less popular last year, according to new BLS data (

A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis - WSJ

America’s Housing Markets: Home Prices Fall in the West and Rise in the East - WSJ

As if the economic outlook weren't already hard to predict... 🤦🏻‍♂️ (

Companies Big and Small Lose Access to Credit Amid Bank Stress - WSJ

Tech layoffs are an opportunity for 'Old Economy' companies 📈 (

Personal Finance

How to Build Generational Wealth [All You Need to Know] (


FDA approves over-the-counter Narcan. Here's what it means | AP News

Apple Wants to Solve One of Music’s Biggest Problems - WSJ

Meatball from long-extinct mammoth created by food firm | Meat industry | The Guardian

Attention is All You Need - Not Boring by Packy McCormick

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