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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The Bologna Book Plus program in April is scheduled to put special focus on India, Ukraine, Taiwan, and illustrator Neil Packer. The post Bologna Book Plus 2023: India, Ukraine, Taiwan, and Neil Packer appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-03-21 19:51:16 UTC ]
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John Grisham's longtime publisher will return after a buyout to oversee the publishing strategy for the John Grisham brand, "which will now live alongside the sales and corporate marketing teams," PRH CRO Jaci Updike wrote in a memo. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-03-19 04:00:00 UTC ]
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The widely applauded AI Act gets its anticipated EU parliament approval during the run of London Book Fair. The post AI at London Book Fair: European Publishers Cheer the EU Act’s Passage appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-03-14 10:23:43 UTC ]
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In a release, ALA officials said that 4,240 unique book titles were reported challenged in schools and libraries in 2023, a stunning 65% increase over 2022, when 2,571 unique titles were targeted for censorship. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-03-14 04:00:00 UTC ]
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It's getting hard to keep up with copyright lawsuits against generative AI, with a new proposed class action hitting the courts last week. This time, authors are suing NVIDIA over its AI platform NeMo, a language model that allows businesses to create and train their own chatbots, Ars Technica... Continue reading at Engadget
[ Engadget | 2024-03-12 08:34:07 UTC ]
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'We ask politicians on all sides to recognize the publishing industry’s economic value,' says the Publishers Association's Dan Conway. The post LBF: UK Publishing’s Impact Worth £11 Billion, New Report appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-03-12 03:55:23 UTC ]
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Brad Weekes was 25 years old and working as a senior associate at public affairs firm Kivvit when Crain's named him to the 2020 class of 20 In Their 20s. The East New York native's goal at the time: Pressure lawmakers to make positive changes.In many ways, Weekes was already doing just that. At... Continue reading at Crains New York
[ Crains New York | 2024-03-06 20:37:04 UTC ]
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A writer hoodwinked the internet into thinking the singer nabbed his book title but he’s not the first author to pull a controversial publicity stuntOn Wednesday, writer Gabriel Smith shared what at first glance seemed to be an email sent by the singer Charli XCX, asking if she could use the... Continue reading at The Guardian
[ The Guardian | 2024-03-01 18:33:32 UTC ]
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Today's top book news includes an AI-generated Wonka Nightmare, on the Dopamine Industrial Complex, and Oprah's Next Pick Continue reading at Book Riot
[ Book Riot | 2024-02-28 17:08:24 UTC ]
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Revenue at Hachette’s U.S. division fell 6.8% last year and was the weakest performer in Lagardère's publishing group, where total sales increased 2.2%, to €2.81 billion, and profits slipped by €1 million, to €301 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-28 05:00:00 UTC ]
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Updated terms of service for Spotifiy's indie author audiobook distribution platform Findaway Voices appeared to give Spotify broad powers to reuse content. An outcry forced a revision of terms, but clarification is still needed, say authors and affiliates. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-28 05:00:00 UTC ]
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Changes in Spotify's terms of use for its Findaway Voices audiobook product trigger concerns from the Society of Authors in London. The post UK’s Society of Authors: More Clarity in Spotify’s Terms appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-02-22 15:16:42 UTC ]
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The use of AI-generated assets in the cover art for the dark academia novel 'Gothikana' by RuNyx, originally self-published and reissued by Tor Books' romance imprint Bramble, has set off a debate about the role of AI in publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-21 05:00:00 UTC ]
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A federal judge in California has dismissed a host of claims made by several groups of authors in a now consolidated lawsuit and gave the authors until March 13 to file an amended complaint. The suit’s core claim of direct infringement—which Open AI did not seek to dismiss—remains active. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-14 05:00:00 UTC ]
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Sales at the more than 200 Christian retailers who took part in the Parable Group's annual survey rose 8% over 2022. Gifts, adult books, and Bibles remained the most popular categories for the stores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-07 05:00:00 UTC ]
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Microsoft is teaming up with media website Semafor on a new project that uses ChatGPT to aid in the creation of news stories, The Financial Times has reported. It's one of several journalistic collaborations Microsoft is set to announce today, and follows a New York Times lawsuit filed against... Continue reading at Engadget
[ Engadget | 2024-02-05 12:43:20 UTC ]
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A vote at the EU and a new report from the House of Lords in London prompts international publishing leadership approval, determination. The post Publishers’ Upbeat Assessments of AI Policy Developments appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-02-02 19:47:50 UTC ]
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Penguin Random House strengthened its grip on the picture book lists and made gains on the frontlist fiction lists, which Scholastic still rules. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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A strong holiday shopping season, an improved fulfillment operation, and cost cuts including an estimated 27,000 layoffs resulted in a $30 billion profit for Amazon in 2023 following a loss of $2.7 billion in 2022. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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