“That momentum is surely gathering pace in the age of generative AI, which we believe presents a remarkable opportunity to create a new stream of revenues, while allowing us to reduce costs across the business”
…
News Corp recently reduced staffing costs through widespread redundancies.
Did he just realize that a prompt to “write an article to defend position X or denigrate Y” can be entered into ChatGPT, rather than emailed to the newsroom?
Conservative TV commentators love dropping buzzwords, dog whistles, and conspiracy theories, to the point of incoherence. Dear god it’s been word clouds all along…
Plus the other side MSNBC and CNN just feed people statements that are meant to make them upset, nervous and angry, all of the news media is hot garbage. I can’t stand any of it because it’s all blatant propaganda
Tech people: Yeah generative AI is pretty sweet, I think it’ll be a great way to augment our current workforce to increase our productivity. It’s doing some cool stuff now, but give it a few years to mature before fully committing though, let’s make sure it’s rock solid
Business people: Fuck yeah let’s start the laayyyyyooofffffss
(I’m happy to see NewsCorp lose money any day, but I’m just so tired of business people assuming they know how it all works)
Crypto currency had the potential to dethrone the Visa/Mastercard duopoly and give us a real digital currency, but the whole idea got sidetracking by pyramid schemes and slow and expensive implementations that made it unusable for actually buying stuff online. They will however almost certainly make a come back, either by more modern implementations without the cost and energy waste or more likely in the form of a government backed digital currency (e.g. Digital Euro), that wouldn’t need this extreme zero-trust P2P stuff and thus workaround the major problem with current crypto.
NFTs were even worse when it comes to hype and scams. They are neat tech, basically a digital crypto version of a ticket roll. Problem is, you have to actually have something that that ticket gives you entrance too. None of the NFT hype had that, they sold you tickets for nothing, even the idea of NFTs being images was a lie, as the images were accessible to the public, the NFTs wasn’t used to actually verify ownership of the image. That said, I could see them making a comeback, they provide a solution for a digital market place that isn’t tied to any single company, i.e. they could allow you to access all your EPIC Store games through Steam, allow used sales of digital games and a bunch of other stuff. Not much has happened in that direction so far, and I wouldn’t expect any digital shop to give up their control over your purchases without some lawsuit.
AI is a completely different beast. It’s not a solution in search for a problem. Quite the opposite, it’s a solution to all the problems that have remained unsolvable by traditional means. It’s also not a new thing. The hype is somewhat new thanks to ChatGPT. But this stuff has been constantly improving over the last decade, and starting to match or surpass human level performance in more and more domains with no end in sight. There is no doubt that AI will fundamentally change the world, it’s this generations steam engine or transistor. Furthermore AI isn’t one thing by one company, it’s just math. A collection of algorithms that you can throw at any problem. It didn’t start with OpenAI and it won’t end there. This is not some hype that will blow over. This will only get better and start creeping into every corner of our lives. It will of course still be used for some grift, but that shouldn’t detract from the very real changes it will bring in the long run.
Bitcoin created years of jacked up prices for GPUs and is helping to boil the planet/burn through rare earth metals. All while generating wealth for primarily hedgefunds by completing arbitrarily set difficulties for math problems that require grinding the GPU for literally no meaningful output lol
The thing that is so pernicious about cryptocurrency is that the more computational power you throw at it, the less efficient it actually becomes. That means more adoption you have, the worse it is.
A thought — instead of doing worthless math, couldn’t it be something useful like protein folding? Remember Folding@Home? Or cancer research or something?
I mean I know it’s probably too late, proof of stake bring replaced by that other thing (or was it the other way around?), and maybe the useless math was something that had to do with calculating the blockchain or whatever; I just don’t understand why someone couldn’t have come up with a way to make it have actual value.
Or maybe they did and I just don’t know about it, honestly couldn’t be bothered to jump on the bandwagon.
There have been attempts at making useful things with the calculations, but none of them have really taken off.  It’s a speculator’s market through and through.
Shame the speculators can’t vote for something more useful with their money 😓 You’d think they’d have a moral interest in balancing the scales a bit, what with the money laundering pyramid scheme and all 😅 /s
Modern crypto currency doesn’t have the same energy problems, if we can’t all agree on a common non government controlled currency howv will we ever break the generational control?
Worth the watch if you like the idea of a political drama exploring the idea of “succession” for a dying Rupert Murdoch and his privileged heirs! The performances and writing are amazing, it lives up to the hype.
Something funny about ruining his “legacy” — wouldn’t that only be possible by taking his fortune and doing something amazingly altruistic and good with it? 😅
But but but if we pay people a livable wage, we will only make a 300% profit on our Teslas that we sell. And then I will have to wait until next week to add the gold plating to my second hot tub.
🤖 I’m a bot that provides automatic summaries for articles:
Click here to see the summary
Rupert Murdoch’s News Corporation has recorded a steep 75% drop in full-year profit but sees opportunities ahead as it expands the use of cost-saving AI-produced content.
The result was weighed down by lower print and digital advertising at News Corp Australia, a division that includes flagship newspaper, The Australian.
“That momentum is surely gathering pace in the age of generative AI, which we believe presents a remarkable opportunity to create a new stream of revenues, while allowing us to reduce costs across the business,” said News Corp chief executive Robert Thomson.
“We are already in active negotiations to establish a value for our unique content sets and (intellectual property) that will play a crucial role in the future of AI.”
“Our results showed marked improvement in the second half, so with inflation abating, interest rates plateauing and incipient signs of stability in the housing market, we have sound reasons for optimism about the coming quarters,” Thomson said.
A fall in Australian real estate listings, especially in Sydney and Melbourne, dented revenue in News Corp’s property portals.
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Can’t wait to hear racist diatribes from the new primetime host Tracker Carlsbot
Did he just realize that a prompt to “write an article to defend position X or denigrate Y” can be entered into ChatGPT, rather than emailed to the newsroom?
I am sending my most evil prayers to Rupert Murdoch and its wretched company. May they adopt AI and lose their fan base.
I think Murdock is the most evil man alive, but it’s a tough call, with so many evil men.
Maybe it turns out that simply showing their readers a word cloud has the same effect as showing them an inflammatory article.
Conservative TV commentators love dropping buzzwords, dog whistles, and conspiracy theories, to the point of incoherence. Dear god it’s been word clouds all along…
Plus the other side MSNBC and CNN just feed people statements that are meant to make them upset, nervous and angry, all of the news media is hot garbage. I can’t stand any of it because it’s all blatant propaganda
Nah. They’ll just worship their new AI overlords. It’s the next evolution of the cargo cult.
Tech people: Yeah generative AI is pretty sweet, I think it’ll be a great way to augment our current workforce to increase our productivity. It’s doing some cool stuff now, but give it a few years to mature before fully committing though, let’s make sure it’s rock solid
Business people: Fuck yeah let’s start the laayyyyyooofffffss
(I’m happy to see NewsCorp lose money any day, but I’m just so tired of business people assuming they know how it all works)
Sadly they only made less money, not lost.
There’s little difference from their perspective.
It’s the new NFTs and Crypto re: dropping buzzwords to make stock line go up.
Except AI can actually be used for things and provides real value to people right now.
Those things aren’t exactly alike.
Crypto currency had the potential to dethrone the Visa/Mastercard duopoly and give us a real digital currency, but the whole idea got sidetracking by pyramid schemes and slow and expensive implementations that made it unusable for actually buying stuff online. They will however almost certainly make a come back, either by more modern implementations without the cost and energy waste or more likely in the form of a government backed digital currency (e.g. Digital Euro), that wouldn’t need this extreme zero-trust P2P stuff and thus workaround the major problem with current crypto.
NFTs were even worse when it comes to hype and scams. They are neat tech, basically a digital crypto version of a ticket roll. Problem is, you have to actually have something that that ticket gives you entrance too. None of the NFT hype had that, they sold you tickets for nothing, even the idea of NFTs being images was a lie, as the images were accessible to the public, the NFTs wasn’t used to actually verify ownership of the image. That said, I could see them making a comeback, they provide a solution for a digital market place that isn’t tied to any single company, i.e. they could allow you to access all your EPIC Store games through Steam, allow used sales of digital games and a bunch of other stuff. Not much has happened in that direction so far, and I wouldn’t expect any digital shop to give up their control over your purchases without some lawsuit.
AI is a completely different beast. It’s not a solution in search for a problem. Quite the opposite, it’s a solution to all the problems that have remained unsolvable by traditional means. It’s also not a new thing. The hype is somewhat new thanks to ChatGPT. But this stuff has been constantly improving over the last decade, and starting to match or surpass human level performance in more and more domains with no end in sight. There is no doubt that AI will fundamentally change the world, it’s this generations steam engine or transistor. Furthermore AI isn’t one thing by one company, it’s just math. A collection of algorithms that you can throw at any problem. It didn’t start with OpenAI and it won’t end there. This is not some hype that will blow over. This will only get better and start creeping into every corner of our lives. It will of course still be used for some grift, but that shouldn’t detract from the very real changes it will bring in the long run.
I don’t think the MBA-types care about the differences though. They just want to say new words that sound impressive to shareholders
ChatGPT helps me break writers block.
Bitcoin created years of jacked up prices for GPUs and is helping to boil the planet/burn through rare earth metals. All while generating wealth for primarily hedgefunds by completing arbitrarily set difficulties for math problems that require grinding the GPU for literally no meaningful output lol
The thing that is so pernicious about cryptocurrency is that the more computational power you throw at it, the less efficient it actually becomes. That means more adoption you have, the worse it is.
A thought — instead of doing worthless math, couldn’t it be something useful like protein folding? Remember Folding@Home? Or cancer research or something?
I mean I know it’s probably too late, proof of stake bring replaced by that other thing (or was it the other way around?), and maybe the useless math was something that had to do with calculating the blockchain or whatever; I just don’t understand why someone couldn’t have come up with a way to make it have actual value.
Or maybe they did and I just don’t know about it, honestly couldn’t be bothered to jump on the bandwagon.
There have been attempts at making useful things with the calculations, but none of them have really taken off.  It’s a speculator’s market through and through.
Shame the speculators can’t vote for something more useful with their money 😓 You’d think they’d have a moral interest in balancing the scales a bit, what with the money laundering pyramid scheme and all 😅 /s
Modern crypto currency doesn’t have the same energy problems, if we can’t all agree on a common non government controlled currency howv will we ever break the generational control?
Whats your solution?
Bitcoin is still PoW.
Crypto is not generally used as currency. It’s treated like stocks and as a tool for tax evasion.
Old rich man yells at Cloud
Would this man just die already
Isn’t he the one that has children, even more horrible than himself, lined up to take over his “legacy” when he kicks the bucket?
Guess we can only hope that they’re incompetent 😓
I too have seen Succession.
I actually haven’t, but I remember hearing that it was loosely based on him and his spawn.
Worth the watch if you like the idea of a political drama exploring the idea of “succession” for a dying Rupert Murdoch and his privileged heirs! The performances and writing are amazing, it lives up to the hype.
Thank you, I’ll put it on the list! 😃👍
Or tear each other’s throats out and back stab each other until the legacy is ruined and crumbling.
I’m OK with that 👍
Something funny about ruining his “legacy” — wouldn’t that only be possible by taking his fortune and doing something amazingly altruistic and good with it? 😅
AI = profits! Except if you stop paying people a livable wage, they can’t buy your iPhones or your Teslas.
But but but if we pay people a livable wage, we will only make a 300% profit on our Teslas that we sell. And then I will have to wait until next week to add the gold plating to my second hot tub.
I guess buying that online news law hasn’t been a great investment for Murdoch.
Nor did ruining the NBN.
🤖 I’m a bot that provides automatic summaries for articles:
Click here to see the summary
Rupert Murdoch’s News Corporation has recorded a steep 75% drop in full-year profit but sees opportunities ahead as it expands the use of cost-saving AI-produced content.
The result was weighed down by lower print and digital advertising at News Corp Australia, a division that includes flagship newspaper, The Australian.
“That momentum is surely gathering pace in the age of generative AI, which we believe presents a remarkable opportunity to create a new stream of revenues, while allowing us to reduce costs across the business,” said News Corp chief executive Robert Thomson.
“We are already in active negotiations to establish a value for our unique content sets and (intellectual property) that will play a crucial role in the future of AI.”
“Our results showed marked improvement in the second half, so with inflation abating, interest rates plateauing and incipient signs of stability in the housing market, we have sound reasons for optimism about the coming quarters,” Thomson said.
A fall in Australian real estate listings, especially in Sydney and Melbourne, dented revenue in News Corp’s property portals.