The Tech World in Review: A Week of Surprises
The past week has been an eventful one in the world of consumer tech, with several developments that are worth taking note of. From the alarming rate of web page decay to the rise of AI in financial analysis, there’s been no shortage of interesting news.
The Internet Archive’s Sinking Ship
A recent study by the Pew Research Center has revealed a disturbing trend - 38% of web pages that existed in 2013 have vanished, with 8% of those from 2023 now missing. This is a worrying sign for the Internet Archive, which is home to a staggering 835 billion web pages. The implications of this decay are far-reaching, and it’s essential that we take steps to preserve our digital heritage.
The Internet Archive is facing a crisis
Gaming Industry Sees a Dip
In other news, consumer spending in the U.S. gaming market decreased by 3% year-over-year to $4.1 billion in April. While this might seem like a setback, there’s a silver lining - spending on game content, including physical and digital games, add-on content, and subscriptions, rose by 2% to $3.7 billion. This suggests that gamers are still willing to invest in quality content.
The gaming industry is evolving
AI Takes Center Stage
A study by the Booth School of Business at the University of Chicago has found that OpenAI’s GPT-4 is more proficient than humans in financial analysis and forecasting, even without industry-specific information. This is a significant development, with far-reaching implications for the world of finance.
AI is changing the game in financial analysis
Investing in Emerging Markets
At the recent Benzinga virtual event, ‘AI Unleashed: Exploring the Possibilities,’ Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, announced a new focus on investing in India. This move highlights the potential of emerging markets and the importance of diversifying one’s portfolio.
Investing in emerging markets is the way forward
In conclusion, the past week has been a wild ride in the world of consumer tech. From the decay of the Internet Archive to the rise of AI in finance, there’s been no shortage of surprises. As we move forward, it’s essential that we stay informed and adapt to the changing landscape.
