Fortune

Mark Cuban is calling for the Securities and Exchange Commission to get rid of Chairman Gary Gensler. The entrepreneur, who also owns a minority stake in the Dallas Mavericks, reportedly hosted a meeting in Washington, D.C., with a senior advisor to President Joe Biden and cryptocurrency leaders to discuss regulations and the SEC’s insistence that crypto exchanges register with the regulatory body as a trading platform. “You all have permission to quote me saying that Biden should fire Gary Gensler,” Cuban said, according to Fox Business. Read more: https://lnkd.in/eWHdAWtj

In Elon Musk’s worldview, San Francisco represents the leftist hive mind behind everything that is sinister, and Twitter was its conduit. Yes, he actually said that. Now the Texan émigré appears to have had enough of America’s most liberal city and may be looking to move his social media company, now called X, to politically friendlier pastures like his adopted Lone Star State. Real estate firm JLL told the San Francisco Chronicle that its services had been retained to find a new sublease tenant for the entire 800,000-square-foot complex at its 1355 Market Street headquarters and the adjacent 1 10th building. Read more: https://lnkd.in/exZg_Zvt

“For sure in 30, civilization secured." Elon Musk has devoted hundreds of hours and millions of dollars to his obsession with colonizing Mars. The New York Times reported the Tesla CEO has also volunteered his own sperm to help seed the colony. However, Musk took to X, formerly Twitter, to refute those claims on Thursday. He wrote, in response to another poster who screenshotted the article, “I have not fwiw ‘volunteered my sperm.'” He followed it with a laughing emoji. bit.ly/3WmbFeX

Year-over-year inflation is at its lowest rate in years, but Jamie Dimon still thinks high prices could last longer than anticipated. The longtime JPMorgan Chase CEO said in a note accompanying the bank’s second-quarter results Friday that despite a strong consumer price index report for June, other elements could play a role in lingering inflation. “There has been some progress bringing inflation down, but there are still multiple inflationary forces in front of us: large fiscal deficits, infrastructure needs, restructuring of trade, and remilitarization of the world,” Dimon said in the statement. “Therefore, inflation and interest rates may stay higher than the market expects.” Read more: https://lnkd.in/ePAdFAtg

ESPYs host Serena Williams made a point of highlighting disparities between men’s and women’s sports, most memorably in a joke directed at Los Angeles Dodgers star Shohei Ohtani. In her opening monologue, the tennis legend had fun with what she called “the craziest story of the year”: when news broke this spring that the pitcher’s translator stole more than $16 million from Ohtani to pay off gambling debts. “Sixteen million, y’all,” she said to the audience. “Male athletes get paid so much more than female athletes, they don’t even notice losing $16 million.” Read more: https://lnkd.in/ebuSYVfg

NEW: OpenAI’s founding mission is to “ensure that artificial general intelligence (AGI) benefits all of humanity.” And the company defined AGI as an autonomous system that “outperforms humans at most economically valuable work.” From this, you might assume that the company has to, at some point, at least try to, um, actually develop AGI. Yesterday Bloomberg reported that OpenAI has come up with a five-tiered classification system to track its progress towards AGI. On the one hand, the formulation of these five tiers might make it appear that Sam Altman & Co. are charging ahead towards AGI in a systematic, metrics-based fashion. An OpenAI spokesperson said that the tiers, which the company shared with employees at an all-hands meeting, range from the kinds of conversational chatbots available today (Level 1) to AI that can do the work of an entire organization (Level 5). In between, Level 2 tackles human-level problem solving; Level 3 is all about agents, where systems can take actions; and Level 4 moves to AI that can aid in invention. The problem is that the term AGI is nowhere to be found in this list. Is reaching Level 5, when “AI that can do the work of an organization,” the moment when OpenAI claims AGI? Is it Level 4, when AI helps aid in an invention that, say, cures cancer? Or is there a Level 6 on the horizon? What about artificial superintelligence, or ASI, which OpenAI has talked about as a kind of AI system that would be more intelligent than all humans put together? Where is ASI in this five-tiered scale? https://lnkd.in/eAu52GTn

OpenAI’s founding mission is to “ensure that artificial general intelligence (AGI) benefits all of humanity.” And the company defined AGI as an autonomous system that “outperforms humans at most economically valuable work.” From this, you might assume that the company has to, at some point, at least try to, um, actually develop AGI. Yesterday Bloomberg reported that OpenAI has come up with a five-tiered classification system to track its progress towards AGI. The problem is that the term AGI is nowhere to be found in this list. Read more: https://lnkd.in/ee63xhim

“I make sure I work out at least three times a week—usually first thing when I wake up," Meta CEO Mark Zuckerberg told Arnold Schwarzenegger in an online Facebook Q&A session in 2015. The tech tycoon also practices MMA fighting, ran a sub-20-minute 5K, earned a gold medal for Brazilian jujitsu, and completed an intensive CrossFit strength circuit in honor of a Navy SEAL. The CEO often posts on Facebook and Instagram when he crushes an exercise. Here's the intense exercise routine that got Mark Zuckerberg in fighting shape. bit.ly/3Y0bybl

You may be confusing your boss's abuse as “tough love.” bit.ly/3WjgIh6 According to a study published in this month’s issue of the journal Organizational Behavior and Human Decision Processes, employees tended to think a high-performing boss could boost their own career—reproachful behavior notwithstanding. “If someone is a good performer, we almost have this halo effect, or you assume that they have all these other positive traits particularly associated with leadership, which goes directly in the face of an abusive leader,” lead study author Robert Lount, PhD, an Ohio State professor of management and human resources, tells Fortune. Read more: bit.ly/3WjgIh6

NEW for Fortune: Happy Friday! I’ve been covering AI as a daily beat for two and a half years now, but recently I’ve been feeling like we are living in a kind of Bizarro World, the fictional planet in DC Comics (also made famous in Seinfeld) where everything is opposite—beauty is hated, ugliness is prized, goodbye is hello—leading to distorted societal norms, moral values, and logical reasoning. For example, in AI’s Bizarro World, a company like OpenAI can blithely tell employees about creating a five-point checklist to track progress toward building artificial general intelligence (AGI), or AI that is capable of outperforming humans, as Bloomberg reported yesterday—in a bid towards developing “AGI that benefits all of humanity.” At the same time, media headlines can blare about Google and Microsoft’s soaring carbon emissions due to computationally intensive and power-hungry generative AI models—to the detriment of all of humanity. Read the full story: https://lnkd.in/ecCrWFqM