As with the printing press and the dotcom boom, initial frenzy and speculation obscures the lasting legacy of new technologies“Innovation,” wrote the economist William Janeway in his seminal book Doing Capitalism in the Innovation Economy, “begins with discovery and culminates in speculation.” That just about sums up 2023. The discovery was AI (as represented by ChatGPT), and the speculative bubble is what we have now, in which huge public corporations launch products that are known to “hallucinate” (yes, that’s now a technical term relating to large language models), and spend money like it’s going out of fashion on the kit needed to make even bigger ones. As I write, I see a report that next year Microsoft plans to buy 150,000 Nvidia chips – at $30,000 (£24,000) a pop. It’s a kind of madness. But when looked at it through the Janeway lens, ’twas ever thus.“The innovations that have repeatedly transformed the architecture of the market economy,” he writes, “from canals to the internet, have required massive investments to construct networks whose value in use could not be imagined at the outset of deployment.” Or, to put it more crudely, what we retrospectively regard as examples of technological progress have mostly come about through outbreaks of irrational exuberance that involved colossal waste, bankrupted investors and caused social turmoil. Bubbles, in other words. In recent times, think of the dotcom boom of the late 1990s. Or in earlier times, of the US railway... Continue reading at 'The Guardian'
[ The Guardian | 2023-12-30 16:00:37 UTC ]
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As with the printing press and the dotcom boom, initial frenzy and speculation obscures the lasting legacy of new technologies“Innovation,” wrote the economist William Janeway in his seminal book Doing Capitalism in the Innovation Economy, “begins with discovery and culminates in speculation.”... Continue reading at The Guardian
[ The Guardian | 2023-12-30 16:00:37 UTC ]
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Publishers, still smarting from blows inflicted by Facebook and its ever-changing news feed, have found some comfort in the warm embrace of Google. The post The Rundown: Google AMP has short-term appeal but potential long-term costs appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-04-12 00:00:00 UTC ]
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Books about the dizzying impact of the internet and artificial intelligence are among finalists for a new book prize that aims to help fix the gender imbalance in nonfiction publishing Continue reading at ABC News
[ ABC News | 2024-03-27 18:22:41 UTC ]
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The online publishing service has been criticised for the way it has allowed extremist propaganda to flourish on the siteIt’s funny how naive smart people can be sometimes. Take the founders of Substack, a US-based online platform that enables writers to send digital newsletters directly to... Continue reading at The Guardian
[ The Guardian | 2024-01-06 16:00:14 UTC ]
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John Chrastka, founder and executive director of EveryLibrary, the nation’s only political action committee dedicated to supporting libraries, stepped up for the library community in 2023. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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The publishing world made plenty of news in 2023, but not only because of the books themselves Continue reading at ABC News
[ ABC News | 2023-12-08 14:55:07 UTC ]
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This week, the 42nd John Dos Passos Prize was awarded to novelist and short story writer Patricia Engel (Vida; The Veins of the Ocean; Infinite Country; The Faraway World) by Longwood University. The Dos Passos Prize is the oldest literary award given by a Virginia college or university, and... Continue reading at Literrary Hub
[ Literrary Hub | 2023-12-05 16:21:20 UTC ]
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Storing online data in perpetuity is not just about photos and texts but thoughts and ideas. Platforms such as WordPress are starting to act, but it must be at a realistic priceWay back in 2004 the two founders of Google, Larry Page and Sergey Brin, thought that it would be a cool idea to scan... Continue reading at The Guardian
[ The Guardian | 2023-11-25 16:00:53 UTC ]
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Publishing executives shared their honest and unfettered opinions on the rise of generative artificial intelligence technology and its impact on traffic, IP protections, content production and jobs at the Digiday Publishing Summit last week. Continue reading at Digiday
[ Digiday | 2023-09-25 04:01:00 UTC ]
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The buzziest programming of the run-up to Bologna Children's Book Fair focus on artificial intelligence and its impact on publishing. The post ‘AI’ at Bologna: The Hair-Raising Topic of 2023 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-03-01 11:22:06 UTC ]
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According to multiple presenters at the Digital Book World conference, ChatGPT has potential to remake the way people write and streamline production and editing, while AI voice replication promises affordable audiobook adaptations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-17 05:00:00 UTC ]
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According to multiple presenters at the Digital Book World conference, ChatGPT has potential to remake the way people write and streamline production and editing, while AI voice replication promises affordable audiobook adaptations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-01-17 05:00:00 UTC ]
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The U.S. Postal Service announced new subjects for 2023 stamps: children's book author Tomie dePaola and civil rights activist John Lewis. Continue reading at Book Riot
[ Book Riot | 2022-12-14 18:11:26 UTC ]
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Figures from across the trade discuss the importance of securing professional voice artists to create a slick listening experience, as automated voice development continues apace. Continue reading at The Bookseller
[ The Bookseller | 2021-11-11 20:41:18 UTC ]
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Algorithms routinely come up with ‘recommendations’ for anti-vax ‘bestsellers’ or juices that cure cancerIt’s a truism that we live in a “digital age”. It would be more accurate to say that we live in an algorithmically curated era – that is, a period when many of our choices and perceptions are... Continue reading at The Guardian
[ The Guardian | 2020-08-08 16:00:12 UTC ]
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Penguin Random House UK has revealed it is furloughing "some" of its staff across the business, extending to staffers in its London office. Continue reading at The Bookseller
[ The Bookseller | 2020-04-06 23:18:38 UTC ]
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Artificial intelligence is expected to create more value for global businesses than the current worth of the entire United States economy over the next 15 years. That figure--$19.2 trillion--comes from an economic model commissioned for a new book called The AI Age by Adam Riccoboni, managing... Continue reading at AdWeek
[ AdWeek | 2020-03-11 21:34:01 UTC ]
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Though books have been supplying the movie and tv industries with storylines since the dawn of the talkie, the rise of streaming content over the last five years has created a desperate need for more (MORE we scream as we toggle endlessly after binge-worthy distraction from the hell of the... Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-17 14:53:33 UTC ]
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Engaged fans and ongoing relevance keep the backlist going at independent publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-14 04:00:00 UTC ]
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Pat Barker says she has a distrust of the publishing industry’s regional and class diversity drives because it could be "fashionable" and may not represent a long-term commitment. Continue reading at The Bookseller
[ The Bookseller | 2019-05-27 18:57:47 UTC ]
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