The Financial Dynamics of Generative AI Development

Unless it affected you, you might have missed a huge tech story this weekend. But now that depositors to Silicon Valley Bank are being made whole, is the whole crisis averted? Tim Cook is pressing ahead with the Apple headset over the objections of Apple’s design team. And the varied and complex dilemmas of this new AI reality in two, somewhat oppositional segments.

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Links:

• SVB’s tech failings were a problem long before the bank run that led to its demise, critics say (CNBC)
• SVB provided for tech when everyone else ignored us (FT)
• Regulators close crypto-focused Signature Bank, citing systemic risk (CNBC)
• Tim Cook bets on Apple’s mixed-reality headset to secure his legacy (FT)
• Microsoft Strung Together Tens of Thousands of Chips in a Pricey Supercomputer for OpenAI (Bloomberg)
• Large language models are having their Stable Diffusion moment (Simon Willison's Blog)
• Self Radicalization with open sourced AI-Systems (Good Internet)

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