Professor warns AI will make education even more useless.
Plus, Google calls on its founders to help with battle for AI.
In today’s email:
Google turns on bat signal, former founders answer the call.
Professor is worried education will become more of a sham because of AI.
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🤓 2 Big Stories About AI
1. Google founders called back in to help them in the AI race.
OpenAI’s ChatGPT has shaken Google out of its routine, with the founders who left three years ago re-engaging the company, and more than 20 AI projects in the works.
The 🥩 of it:
Google’s founders Larry Page and Sergey Brin held meetings with current Google executives last month. The topic of the meetings was reportedly about ChatGPT, an AI product that could be a threat to Google’s $149 billion search business.
ChatGPT was released by OpenAI two months ago, and it amazed users by simply explaining complex concepts and generating ideas from scratch. The new AI technology has shaken Google out of its routine, and CEO Pichai declared a “code red” upending existing plans and jump-starting AI development.
Google's CEO Sundar Pichai invited Page and Brin to the meetings, emphasizing the urgency felt among many Google executives about their position in the race to dominate AI.
Page and Brin reviewed Google’s AI product strategy, approved plans, and pitched ideas to put more chatbot features into Google’s search engine. They also offered advice to Google leaders, who have began to put AI front and center in their future plans.
Google now intends to unveil more than 20 new products and demonstrate a version of its search engine with chatbot features this year
At the same time, Alphabet is scaling back its workforce, cutting about 12,000 jobs amid concerns of a slowing economy.
“This is a moment of significant vulnerability for Google,” said D. Sivakumar, a former Google research director who helped found a start-up called Tonita, which makes search technology for e-commerce companies. “ChatGPT has put a stake in the ground, saying, ‘Here’s what a compelling new search experience could look like.’” Mr. Sivakumar added that Google had overcome previous challenges and could deploy its arsenal of A.I. to stay competitive.
2. Professor warns AI will do to education what calculators did to businesses.
Artificial intelligence is the boogeyman in every story lately. Students will become reliant and unable to use their own brains. Businesses will replace millions of employees with ChatGPT. Creative fields will go belly-up as Midjourney and Stable Diffusion become more accessible.
Such is the case, as it seems, in the recent story about a professor sounding the alarm that “AI will reduce the value of education”.
The 🥩 of it:
OpenAI's chatbot ChatGPT has created concern among academics and educators as it can complete assignments and exams on its own.
A professor at the University of Pennsylvania's Wharton School of Business found that ChatGPT can successfully complete examinations on a typical MBA core course, Operations Management.
ChatGPT was able to answer basic operations management and process analysis questions, but failed to answer more advanced questions.
The professor noted that ChatGPT “would have received a B to B- grade on the exam."
The professor compared the effect of electronic calculators on the corporate world to the effect ChatGPT could have on academia, reducing the value of an MBA education.
"Prior to the introduction of calculators and other computing devices, many firms employed hundreds of employees whose task it was to manually perform mathematical operations such as multiplications or matrix inversions. Obviously, such tasks are now automated, and the value of the associated skills has dramatically decreased. In the same way any automation of the skills taught in our MBA programs could potentially reduce the value of an MBA education."
ChatGPT is just in its infancy, and experts believe it will continue to improve.
As we reported recently, Microsoft is considering a $10 billion investment in OpenAI, the venture behind ChatGPT, after an initial $1 billion investment a few years ago.
A reminder that the executive program at University of Pennsylvania's Wharton School of Business costs $210,900. And their professor thinks AI is going to reduce the value of education. So, do we save children from going in debt hundreds of thousands of dollars and start teaching them how to use AI instead?
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