What I Read This Week...
Google's Deepmind releases a new biology prediction tool, Apple is finalizing a deal with OpenAI, and more than a third of 18-24 year-olds reported no income in 2022
Read our latest deep dive into semiconductors
Caught My Eye…
Google’s DeepMind has released an improved version of its biology prediction tool AlphaFold. While Google’s previous model amazed the research community with its ability to predict protein structures, Google’s latest iteration can predict the structures and interactions of nearly all of life’s molecules including proteins, DNA, RNA and ligands which are essential for drug discovery. While this makes the model much more useful than its predecessor, AlphaFold still suffers from inaccuracies when predicting certain types of interactions such as those between proteins and RNA.
Apple is reportedly close to finalizing a deal with OpenAI to integrate ChatGPT into its operating system as part of the company’s upcoming iOS 18 update. The development arises as Apple looks to give Siri a major upgrade, allowing the voice assistant to chat with users instead of simply answering questions. If completed, the deal will be one of several AI features that Apple plans to announce next month. In addition to working with OpenAI, Apple is in talks with Google to license its Gemini chatbot, though the two companies have not yet reached an agreement.
More than a third of 18 to 24 year-olds reported no income through wages or salary, up from ~22% in 1990. Despite a tight labor market, a whole new generation of workers are dropping out of the workforce before they even begin, citing difficulties with college degrees that don’t translate well to skill-based jobs that employers are hiring for, and a growing mental health crisis that is blocking income and wealth creation.
Other Reading…
Jim Simons: A Short Story of My Life and Mathematics (The Abel Prize)
How Perplexity Builds Product (Lenny’s Newsletter)
Stubbornly High Rents Prevent Fed From Finishing Inflation Fight (WSJ)
Google Built Some of the First Social Apps for Android, Including Twitter and Others (TechCrunch)
Baby Born Deaf Can Hear After Breakthrough Gene Therapy (Medical Press)
On X…
Shocking stat about Gen Z. We all need to mentor them to be victors not victims. These charts show that the DEI/ESG administrative state in education and healthcare is making us all poorer, sicker, and dumber: https://yuribezmenov.substack.com/p/fire-dei-esg-hr-commissar-administrative-bloat
Great list, do you think the drop in the young workforce is due to the polarisation of 'get rich quick' and the 'easy' money that can be made online?