Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today's Sunday Edition, a roundup of our top stories. Get this briefing directly in your inbox each Sunday — sign up here.
But first: Adam Rogers, a senior tech correspondent at Insider, breaks down why ChatGPT is for suckers.
Chatbots are liars
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I, and 10,000 other reporters, have been telling you for weeks what artificial-intelligence researchers have known for years: Chatbots like the ones Google and Microsoft are building into their search engines are liars, Insider's Adam Rogers writes.
They make stuff up. They get stuff wrong. But people still believe them. Why? Well, social scientists don't really know why anyone believes anything, from kooky stuff they read on Twitter to closely held ideals. Add Google and Bing into the mix, and things get weirder.
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We're trained to expect the truth from search engines, and chatbots present like authoritative humans. They have what sounds like facts, but they talk about themselves in the first person ("I believe … ").
What they say seems good enough, and according to some research, "Meh, seems fine," is all the distance most folks are willing to go for knowledge. We all tend to avoid hard questions, and the new chatbots are here with easy answers.
The stock market has been flipped upside down so far in 2023. Risky assets that struggled last year are now staging a big comeback, even in the face of continued rate hikes from the Federal Reserve.
Nina Montée Karp and her husband and cofounder, Harvey Karp, launched the Snoo — a $1,700 high-tech bassinet — in 2016. They've since been hailed as visionaries.
One current and more than a dozen former employees of Happiest Baby, the company behind Snoo, told Insider that it's far stranger — and more poorly run — than all their glowing profiles would suggest. They described a celebrity-obsessed, gossip-fueled "surveillance state" where even the office cleaner was used to collect intel on employees.
Gen Z was perhaps hit hardest during the "Great Resignation." The youngest workers were the first on the chopping block in 2020 layoffs. And those who remained saw mentors leave and were forced to plug holes when other team members left.
Faced with those conditions, Gen Z has adapted to a new normal: When in doubt, find a new job.
Dr. Ekaterina Malievskaia and George Goldsmith are on the verge of transforming mental healthcare, using psychedelics. Their company, Compass Pathways, has launched a massive clinical trial — and if it's successful, Compass would be the first company to turn a psychedelic substance into an FDA-approved medicine.
But the company is a controversial figure in the industry. It has rankled some of the academics and advocates whose work helped kick off the psychedelics renaissance in the first place. Insider spoke to more than a dozen industry participants to chart its rise and its role in the psychedelics boom.
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