Good morning.
If you are still trying to get your head around generative A.I.—and who isnt?—it’s worth listening to the interview Michal Lev-Ram and I did with Reid Hoffman, LinkedIn co-founder and Greylock partner, for this week’s episode of Leadership Next. Hoffman was one of the original funders of OpenAI, he sat on its board, and he has written the first book about generative A.I. using generative A.I.: Impromptu. He has his own personal Turing test for determining successful A.I.: can it make up a good lightbulb joke? ChatGPT passed the test.
We asked Hoffman whether generative A.I. would destroy jobs. His answer:
“There will be some jobs that will disappear and navigating all that’s really important, both as CEOs and as societies…But A.I. can be part of the solution. How do you reskill people? How do you help match them to other jobs? How do you give him superpowers to do other jobs? Well, A.I. is an answer on all three of those things. And so when you say what should we be doing as leaders? What should we be doing as government? Well, let’s help people. Let’s use the technology to help make the transition.”
We also asked whether this technology, which can copy the style of a writer or an artist and even mimic a person’s voice, might be found by the courts to violate intellectual property laws. His response:
“Well, I think we’re going to have to work out new law for it. I think the old law won’t apply exactly right.”
Which is another reason why it’s helpful to have a functioning political system. But the current debt limit debate raises questions about whether we do. In a piece for Fortune, Katherine Gehl offers one way through the morass; you can read about it here.
You can listen to the full Hoffman interview on Apple or Spotify.
Other news below.
Alan Murray
@alansmurray
alan.murray@fortune.com
TOP NEWS
Twitter meltdown
Florida Gov. Ron DeSantis launched his presidential campaign with an interview with Elon Musk on Twitter yesterday, only for the service to collapse in a series of technical failures. Users who were able to join complained of poor audio quality. Former employees tell Fortune’s Kylie Robison that the company’s live-streamed audio service, called Twitter Spaces, was always buggy. Twitter used to have a dedicated team to support “bigger marquee spaces”—but it may have fallen victim to Musk’s mass job cuts.
Nvidia boost
Nvidia shares jumped almost 25% in after-hours trading after the chipmaker gave a forecast for quarterly revenue that trounced analyst expectations. “Surging demand” for Nvidia’s data center products—used by new A.I. technologies—is driving the company’s optimism, says CEO Jensen Huang. CNBC
Fitch warning
Fitch Ratings put the U.S. on “rating watch negative,” which indicates it is considering a downgrade of the country’s AAA rating. The agency cited “increased political partisanship” that's exacerbating the debate over the debt ceiling. U.S. Treasury Secretary Janet Yellen warned Wednesday that the U.S. will likely miss some payments if Congress fails to authorize more borrowing by early June. CNN
AROUND THE WATERCOOLER
TikTok stars Charli and Dixie D’Amelio launched a shoe company they hope will spawn a direct-to-consumer retail empire, and rewrite the business playbook for creators by Alexandra Sternlicht
This Vegas developer wants to build a destination for Fortune 500 execs that’s all business, no gambling by Shawn Tully
One of the world’s best market watchers says there’s ‘zero chance’ the debt crisis isn’t resolved by Will Daniel
China is bracing for a massive new wave of COVID cases. What this means for the rest of the world by Erin Prater
Morgan Stanley analysts see a fall for commercial real estate ‘worse than in the Great Financial Crisis’—BofA disagrees for 3 key reasons by Alena Botros
This edition of CEO Daily was curated by Nicholas Gordon.
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