The Sunday Brew #39
In this brew - AI Researcher Career Path | Creative Destruction & Narrative Instinct | World coin faces restrictions, Morgan Stanley upgrades India and Huawei Developer Conference 2023
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Welcome to The Sunday Brew, weekly 1-2-3 newsletter by The Percolator. Every Sunday we drop in your inbox 1 story in a picture, 2 concepts, ideas or frameworks to expand your horizons and 3 news from the week, to keep you updated.
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ONE STORY IN A PICTURE
Career paths of top-tier AI researchers
TWO IDEAS, FRAMEWORKS OR CONCEPTS
This week we bring to you two concepts - Creative Destruction & Narrative Instinct
Creative Destruction
Creative Destruction, a term coined by economist Joseph Schumpeter, refers to the continuous process of innovation and technological advancements that reshape industries and markets. It is driven by the emergence of new ideas, products, and business models that challenge and replace existing ones.
As entrepreneurs introduce innovative solutions, established businesses and traditional practices face disruption and, in some cases, obsolescence. This dynamic process of change and renewal leads to the evolution of markets and customer preferences, ultimately fostering economic growth and progress.
Embracing this concept underscores the importance of adaptability and encourages a forward-thinking approach to thrive in a dynamic and ever-changing economic landscape.
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Narrative Instinct
Narrative Instinct is a concept that highlights humans' natural inclination to understand and interpret the world through storytelling. It suggests that storytelling is deeply ingrained in the human psyche and has been a fundamental part of human communication and culture throughout history.
The narrative instinct stems from our desire to make sense of our experiences, emotions, and observations by organizing them into coherent and meaningful narratives. From ancient myths and legends to modern novels and movies, stories have been used to convey knowledge, values, beliefs, and lessons across generations. Stories provide a framework for understanding complex concepts, connecting with others, and imparting wisdom.
In the digital age, the narrative instinct is also evident in social media, where individuals craft personal narratives through curated posts, photos, and videos. Brands and businesses leverage storytelling in their marketing strategies to create emotional connections with consumers and build brand loyalty.
THREE NEWS FROM THE WEEK
Countries Caution Citizens Against Worldcoin
On 3rd August, Kenya suspended all Worldcoin activities in the country, citing concerns about data privacy and financial security. Other countries where regulatory bodies have shown concern over Worldcoin include Greece, India, Italy, and the United Kingdom.
Worldcoin is a cryptocurrency project by Sam Altman of OpenAI, that requires users to provide their iris scans for a global digital ID and offers a small amount of their cryptocurrency. The company has said that the global id will be used to create a global identity system that will help to reduce fraud & financial crime.
Privacy advocates have raised concerns about the security of the iris scans and the potential for the data to be used for other purposes. USA hasn’t allowed any allocation of Worldcoin in the country. Read More »»»
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Morgan Stanley Upgrades India’s Rating to ‘Overweight’
On August 3, Morgan Stanley upgraded India's rating from "equal weight" to "overweight". The investment bank cited a number of factors for the upgrade, including India's strong economic growth prospects, its improving demographics, and its commitment to reforms.
Morgan Stanley said that India is "on the cusp of a long wave boom" and that the country is "well-positioned to benefit from the global trends of decarbonization, digitization, and urbanization." The investment bank also said that India's demographic dividend, with a young and growing population, is "a major long-term tailwind for the economy." Read More »»»
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Huawei Developer Conference 2023
On August 4-5, Huawei Developer Conference 2023 (HDC.Together) was held by Huawei online and in-person at the Huawei Ecosystem Innovation Centre in Shenzhen, China.
The theme of the conference was "Together, For a Better Future." The conference focused on the latest trends in technology, including artificial intelligence (AI), cloud computing, and the Internet of Things (IoT). Huawei also announced a number of new products and services at the conference, including HarmonyOS 4, the Huawei Mobile Services (HMS) Core 6, and the Huawei DevCloud.
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The Sunday Brew by The Percolator brings to you curated news on tech, business & entrepreneurship, from across the internet to give your week a perfect start.
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