The Sunday Brew #66
In this brew - World's Biggest Economy over time in a picture | The Fallacy Fallacy & The Bandwagon Effect | Masayoshi to raise $100B , OpeanAI launches Sora & AI ownership of patent in question
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
TWO IDEAS, FRAMEWORKS OR CONCEPTS
This week we bring to you two concepts - The Fallacy Fallacy & The Bandwagon Effect
The Fallacy Fallacy
The Fallacy Fallacy is a concept in logic that refers to the mistake of assuming that if an argument contains a logical fallacy, its conclusion must be false.
In other words, it's the error of dismissing an entire argument or claim because it includes a fallacious reasoning or logical error.
While recognizing and pointing out fallacies is important in critical thinking, it's crucial to remember that the presence of a fallacy doesn't automatically render the conclusion false. An argument can have flawed reasoning and still have a true conclusion or be based on valid evidence.
For example, if someone presents an argument for the benefits of exercise but uses a faulty analogy, claiming that it's similar to sharpening a pencil, the analogy is a fallacy. However, it doesn't necessarily mean that the conclusion (exercise being beneficial) is false.
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The Bandwagon Effect
The Bandwagon Effect is a psychological phenomenon where individuals tend to adopt certain behaviours, beliefs, or trends because they observe others doing the same, rather than making independent decisions.
In essence, the popularity or prevalence of a particular idea or action influences people to join in, creating a social momentum.
The term "bandwagon" originally referred to a wagon carrying a band in a parade, and people would jump on the bandwagon to be part of the collective movement.
This phenomenon is observed in various aspects of life, from consumer trends to political opinions. It reflects the social nature of human behaviour and the influence of group dynamics on individual decision-making.
THREE NEWS FROM THE WEEK
SoftBank's Son Aims for $100 Billion: Izanagi Chip Venture to Challenge Nvidia in AI Race
Masayoshi Son, SoftBank's founder, is embarking on an ambitious $100 billion fundraising plan for a new chip venture codenamed "Izanagi," inspired by the Japanese god of creation. This venture aims to directly challenge Nvidia's dominance in the AI chip market.
With $30 billion of its own capital committed, SoftBank seeks an additional $70 billion from Middle Eastern investors. This bold move aligns with SoftBank's ownership of Arm, a significant player in AI chip development. Industry experts see Arm's CPUs as complementary to Nvidia's offerings, paving the way for a potential powerhouse in the AI chip arena.
Son's vision is to establish a company that leverages Arm's expertise and creates a comprehensive AI chip ecosystem. Izanagi's success could significantly impact the landscape of AI development, fostering competition and potentially accelerating innovation. Read More »»»
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OpenAI Debuts "Sora": AI Dreamweaver Spills Videos from Text Prompts
OpenAI unleashes a ground-breaking text-to-video AI model named "Sora," capable of creating realistic and imaginative video scenes based on simple descriptions. Powered by a transformer architecture similar to GPT models, Sora can generate intricate scenarios with multiple characters and specific movements. This versatile AI artist can even animate static images, extend existing videos, and fill in missing frames, all within various styles like photorealistic, animated, or black and white. Witness the dawn of AI-powered filmmaking, with videos up to a minute long crafted effortlessly from mere text prompts. Read More »»»
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AI Denied Inventorship Status in the US: Patent Law Prioritizes Human Ingenuity
In the United States, according to the Federal Circuit decision in Thaler v. Vidal, artificial intelligence (AI) cannot be designated as an "inventor" for patent purposes. This ruling aligns with the current interpretation of U.S. patent law, which stipulates that only natural persons can be recognized as inventors. The U.S. Patent and Trademark Office (USPTO) has provided guidance clarifying that although AI can play a role in the invention process, only humans are eligible to be named as inventors on U.S. patents.
The Thaler v. Vidal case involved Stephen Thaler's attempt to submit patent applications crediting an AI system named DABUS (Device for the Autonomous Bootstrapping of Unified Sentience) as the inventor. The USPTO rejected these applications, and the Federal Circuit upheld the decision, reinforcing that, according to U.S. law, AI lacks the status of an inventor. Read More»»»
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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