The Higher the Better? A recent debate that has surfaced is the idea of higher interest rates actually being stimulative for the economy, rather than the conventional theory of them restricting economic activity. Like many debates over macro and market drivers, this one isn’t cut-and-dry, but we dug deeper to try to suss out any…Read more
SoFi Hong Kong Blog
Rise of Workplace AI That email from your coworker? It might have been written with AI. Last month, research and consulting firm Morning Consult published its State of Workers report, shedding light on who is using AI at work and how they’re using it. Almost half (44%) of employed adults said they’ve used AI for…Read more
Expensive Models AI companies have promised to revolutionize the business world. Now it’s time for them to show their receipts. For start-ups, the problem is that building and running AI models requires vast amounts of energy, and is very, very expensive. OpenAI CEO Sam Altman said its latest publicly available model, GPT-4, cost more than…Read more