ChatGPT mania may be cooling, but a serious new industry is taking shape | With fewer sellers on the housing market, more scammers are impersonating them | The Coming Creator Economy Revolution: How A.I. Will Unlock New Value Across Industries

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� ChatGPT mania may be cooling, but a serious new industry is taking shape - The Economist    The first wave of excitement about generative artificial intelligence (ai) was like nothing else the world had seen. Within two months of its launch in November 2022, ChatGPT had racked up 100m users. Internet searches for “artificial intelligence” surged; more than $40bn in venture capital flowed into ai firms in the first half of this year alone. The craze for consumer experimentation has since cooled a little: ChatGPT use has fallen and fewer people are Googling “ai”. Son Masayoshi, a Japanese investor notorious for diving into already frothy markets, is thought to be interested in investing in Openai, Chatgpt’s creator. But a second, more serious phase is beginning. An entirely new industry centred on supercharged ai models is taking shape. Three forces will determine what it eventually looks like—and whether OpenAI stays dominant, or other players prevail. The first factor is computing power, the cost of which is forcing model-builders to become more efficient. Faced with the eye-watering costs of training and running more powerful models, for instance, Openai is not yet training its next big model, gpt-5, but gpt-4.5 instead, a more efficient version of its current leading product. That could give deep-pocketed rivals such as Google a chance to catch up. Gemini, the tech giant’s soon-to-be-released cutting-edge model, is thought to be more powerful than OpenAI’s current version. Continued here � � With fewer sellers on the housing market, more scammers are impersonating them - Fortune    Across the country, Americans are still dealing with the trickle-down effects the pandemic left in its wake–and real estate is no exception. Prospective homebuyers face low inventory and bidding wars continue to be commonplace. With stiff competition, it can be tempting for homebuyers to take shortcuts in the homebuying process. However, moving too fast in purchasing real estate can increase exposure to unforeseen risks. A relatively new scam, seller impersonation fraud, is rising across the nation. Buyers must be aware of its telltale signs. Seller impersonation fraud is a scam in which bad actors impersonate property owners and try to sell homes or vacant land they do not own. Those who fall victim to these scams could potentially lose their hard-earned down payments if the criminals are not caught in the act. From Las Vegas, Nevada to Fairfield, Connecticut, the scam is beginning to make headlines across the country. Earlier this year, the Secret Service issued an advisory warning consumers of this sharp increase in seller impersonation fraud. The dramatic rise in cases has been noticed by real estate professionals as well, with 73% of real estate firms reporting an increase in these schemes since the beginning of the year. Continued here � � � Don't like ads? Go ad-free with TradeBriefs Premium The Coming Creator Economy Revolution: How A.I. Will Unlock New Value Across Industries - Inc.com    User-generated content (UGC) platforms have already disrupted entertainment and marketing landscapes. However, a more profound paradigm shift looms as A.I. eliminates technical barriers to content creation. This will ignite an explosion of new voices and unlock value across sectors. Companies that strategically position themselves will capitalize on this creator economy revolution. Presently, high-quality UGC requires a baseline of resources and skills. A.I. will change this practically overnight by handling complex, technical aspects of content creation. With tools like Roblox's new A.I. assistant, anyone can conjure professional-grade video game environments, assets, and gameplay with simple text prompts. This vastly expands the pool of potential creators, as niche communities and underrepresented groups unlock their creativity. We will see an influx of original work showcasing previously unseen perspectives. A.I. will diversify the creator economy, surface hidden talents, and enable rapid experimentation through iterative content variation. Continued here

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