Google’s AI Gives Weird Answers & Worst Box Office Weekend in 29 Yrs
May 28, 2024
29:14
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Google's AI generating bizarre search results, SEC's new trading rule impact, weak box office weekend, UK's military service proposal for Gen Z, reading novels in 15 minutes trend, and a recap of the biggest news of the week.
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Quick takeaways
Google AI summaries face backlash for inaccuracies and humor misunderstanding.
US stock market modernizes with T+1 settlement rule to balance efficiency and risk prevention.
Deep dives
Billionaire Plans Titanic Dive to Prove Safety
Billionaire Larry Connor from Ohio plans to embark on a trip to see the wreck of the Titanic in a $20 million Submersible to prove its safety after a previous incident. The custom-built Submersible is set to make a 12,400-foot journey, with Connor's daredevil reputation solidified by previous extreme adventures such as trips to space and the Mariana Trench. The undertaking aims to demonstrate safety post the Ocean Gate Submersible incident, dispelling doubts within the industry. Despite the risks and past mishaps, the mission highlights Connor's adventurous spirit and commitment to exploration.
Google's AI Struggles with Search Results
Google's introduction of AI-generated summaries in search results faced criticism due to inaccuracies and misleading information. Users reported bizarre suggestions like putting super glue on pizza or eating small rocks, exposing AI's inability to discern humor from factual data. The mishaps reflect the challenge of AI sourcing and its impact on misinformation. Google's rush to deploy AI features amidst competition has resulted in recurring issues, raising concerns about reliance on AI-generated content.
US Stock Market Shortens Trade Settlement Time
The US stock market undergoes a significant update by reducing trade settlement time from T+2 to T+1, aimed at modernizing trading systems and preventing incidents like the GameStop frenzy. The shortened settlement window enhances transaction efficiency and minimizes risks of default or trade disruptions. The move signifies a balancing act between reducing risks and ensuring smooth market operations, positioning T+1 as a middle ground solution for trade settlement periods.
Critique of UK Prime Minister's National Service Proposal
UK Prime Minister Rishi Sunak's proposal for mandatory national service for 18-year-olds triggers backlash, especially among Gen Z and opposition parties. The initiative aims to develop skills and foster social cohesion but is seen as out of touch and costly by critics. Sunak's conservative party faces challenges appealing to younger voters amidst economic concerns and ideological differences, highlighting the complexities of policy proposals in securing public support.
Episode 331: Neal and Toby recap the mishaps of Google’s AI search results going full hallucination and the fallout afterwards. Then, the SEC’s new T+1 settlement rule goes into effect today that could transform the stock trading environment. Next, a recap of the biggest headlines over the long weekend including a weak box office showing and saying goodbye to an NBA legend. Plus, a UK Conservative party tries to require Gen Z to serve in the military. Meanwhile, Toby shares the trend of reading novels in 15 minutes. Lastly, the biggest news from this short week.