Welcome back! I had a bizarre dream last night of Tesla’s humanoid robot in my home doing laundry and mopping my floor. In the words of John Lennon, “you may say I'm a dreamer, but I'm not the only one.”
THEY SAID IT
THE FIRST TAKE
Should you use ChatGPT for medical advice?
Chatbots, such as ChatGPT, are sparking discussions about their role in providing medical advice and supporting diagnoses. While the potential benefits are significant, concerns about accuracy, transparency, and potential biases in the underlying data and methods used to train these chatbots persist.
Trustworthiness of ChatGPT in medical advice
While ChatGPT can offer general medical information similar to a Wikipedia entry, it falls short in providing personalized medical advice safely and reliably. Concerns arise about the potential risks associated with the use of AI in clinical decision-making, with a lack of evidence for its safety, equity, and effectiveness.
Use of ChatGPT in clinical practice
The conversation delves into the practical applications of ChatGPT in clinical settings. While some physicians may be using it for diagnostic support or generating medical documents, caution is urged. Physicians must review and edit the AI-generated outputs for accuracy and appropriateness. The absence of FDA authorization for using ChatGPT in clinical decision-making raises concerns about its safety and effectiveness.
Biases and risks in healthcare AI
The discussion explores biases in healthcare AI, citing instances where recommendations from ChatGPT changed based on the patient's insurance status. The experts highlight the potential biases built into the training data and reinforcement processes, emphasizing the need to address cultural and linguistic diversity. Additionally, concerns are raised about the ease with which large language models can generate fake medical articles or images, contributing to the spread of medical misinformation.
PENNY FOR YOUR THOUGHTS?
Do you believe chatbots like ChatGPT should play a role in providing medical advice?
>Yes, they can offer valuable information >No, I prefer human expertiseCheck out last week's poll results here.
TICKER
Each week, we'll break down the top stock winners and losers over the past week in the app, software, and tech world.
Biggest Winners
Biggest Losers
FUN FACTS
A weekly fun fact to share with your acquaintances after you've already asked about their day and discussed the weather. You're welcome.
📏 The longest English word without a vowel is "rhythms". It's also one of the few words in the English language without a true vowel.
IN THE WORKS
🌎 YouTube is allegedly making millions of dollars a year from advertising on climate change denial content, according to a new report.
💰 Tesla founder and CEO Elon Musk said he would be "uncomfortable" growing the automaker to become a leader in AI and robotics without at least 25% voting control, nearly double his current stake.
📱 Apple was the number one smartphone OEM in 2023. It had a 20.1% market share for the year, a 3.7% growth over 2022. Apple's best-selling phone, and the best-selling model in the world, was the iPhone 14 Pro Max.
🔤 Samsung introduces Live Translation in the AI-powered Galaxy S24 smartphones, enhancing the calling experience with real-time translations for calls in unfamiliar languages, both audible and on-screen.
🩺 FDA clears DermaSensor, a Miami company's AI-powered hand-held device, aiding primary care physicians in detecting skin cancer through light and algorithms.
💼 LinkedIn introduces new tools for an enhanced job search experience. The "Job Collections" feature expands options by curating relevant jobs across various industries and companies.
🦾 BMW’s South Carolina plant is testing humanoid robot workers. The ‘general purpose’ robots from the robotics startup Figure are intended to automate dangerous or repetitive manufacturing tasks.
💍 Samsung’s smart ring might signal the start of a new wearable era. Samsung offered few details about its Galaxy Ring, but it’s more proof that 2024 is shaping up to be a year of Oura Ring competitors.
❤️🩹 The end of workplace loyalty. Why work feels so broken right now — and how it can be repaired.
THE SECOND TAKE
Move over, millennials: Gen Zers are coming for baby boomers' houses
From Business Insider
The baby boomer generation wields a substantial influence over the U.S. housing market, currently owning almost $19 trillion in real estate. This staggering amount is more than double what millennials hold and about $5 trillion more than Gen Xers. As boomers age, their impact on the housing market becomes even more profound, raising questions about the future as they utilize their substantial savings and accumulated equity to outpace younger buyers.
Potential impact of boomer exit
Projections hint at a potential "silver tsunami" as aging boomers transition out of their homes, with estimates suggesting that by 2040, the population of 80-plus-year-olds will have more than doubled. The anticipation is that this exodus could flood the market with available properties, potentially leading to a decrease in home prices. However, economists caution against expecting a sudden and drastic change, likening the impact to a slow and gradual shift, more akin to a glacier than a tsunami. This perspective suggests an annual excess supply of approximately 250,000 homes until around 2032.
Gen Z as beneficiaries
The timing aligns favorably with Gen Z’s prime home-buying years, as boomers, in their downsizing phase, might leave behind a surplus of starter homes—properties that are currently scarce in today's new housing stock. While millennials may still benefit, the majority are likely to have secured homes by the time boomers' properties become available. Gen Z, with a smaller cohort and less competition from boomers, stands poised to navigate the market with relative ease.
LISTEN TO THIS
Flip the Script by TED Radio Hour
There's a lot to keep us up at night. How do we manage our time, navigate financial uncertainty, escape a doom and gloom spiral? This hour, TED speakers help us flip the script as we face the future. Guests include time management expert Laura Vanderkam, non-profit CEO Aisha Nyandoro, environmental data scientist Hannah Ritchie and writer Emily Esfahani Smith.
READ ALL ABOUT IT
The New New Thing: A Silicon Valley Story by Michael Lewis
In the weird glow of the dying millennium, Michael Lewis set out on a safari through Silicon Valley to find the world’s most important technology entrepreneur. He found this in Jim Clark, a man whose achievements include the founding of three separate billion-dollar companies. Lewis also found much more, and the result―the best-selling book The New New Thing―is an ingeniously conceived history of the Internet revolution.
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This week's email was written by Joanna Yuen.
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