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ChatGPT may be new but artificial intelligence has a long history

Published

3 years ago

May 1, 2023

Scientists and philosophers have been working on a ‘second brain’ for decades

From the heartless Tin Man in the Wizard of Oz, to the humanoid robot in Metropolis; science fiction has brought artificially intelligent robots to life.

In the 1950s, some of the world’s brightest minds were already using artificial intelligence as part of their vocabulary.

John McCarthy was among the first computer scientists to coin the term: artificial intelligence.

McCarthy and two dozen other men came together at a Dartmouth workshop in New Hampshire for a conference on artificial intelligence.

“I started my work on artificial intelligence in ’56, although I became interested in it before that, in ’49,” he said.

Computers began to store more information and boast a speed like never before. Dr Stefan Popenici from Charles Darwin University is a leading voice on artificial intelligence.

He said the technology is hardly new. “It’s not new. Artificial intelligence came as a formula in 1956,” he said.

Dr Popenici has published a book on the implications of the adoption of artificial intelligence in higher education.

He said open source artificial intelligence like ChatGPT have become a concern for researchers in the education sector.

“This is just one of the many serious challenges associated with the exponential advancements of AI in the last years, and universities have to find now the energy and will to articulate efficient and sustainable solutions for education and society,” he said.

In the 1980s, artificial intelligence was expanding its algorithmic toolkit and receiving more funding.

By 1997, reigning world chess champion and grand master Gary Kasparov was defeated by IBM’s Deep Blue.

In the same year, speech recognition software was implemented on Microsoft Windows computers.

“AI is not only the subject of a new hype but also stirs profound cultural, educational, and economic changes with significant medium and long-term impacts.

“We know that all technological revolutions come with winners and losers, and institutions of education must now make a set of choices that will decide where they will stand in the near future,” Dr Popenici said.

Money

Dow tumbles over 1,000 points as oil surges past 80 amid Iran tensions

Stocks plummet over 1,000 points amid oil price surge and Iran tensions; market implications discussed by Kyle Rodda.

Published

4 hours ago

March 6, 2026

ticker NEWS

Stocks plummet over 1,000 points amid oil price surge and Iran tensions

Stocks were rattled this week as the Dow dropped more than 1,000 points, driven by surging oil prices that surpassed 80 dollars a barrel. The spike comes amid escalating tensions in the Iran conflict, sparking concerns for investors worldwide.

Kyle Rodda from Capital.com breaks down the key factors behind the market plunge, which sectors were hit hardest, and how the previous day’s slight stabilisation of oil influenced trading.

The implications of rising oil and geopolitical uncertainty could have lasting effects on the global economy. Watch as Kyle explains what to watch next in the market and how investors are responding to these turbulent times.

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#StockMarket #OilPrices #DowJones #FinancialNews #Investing #MarketUpdate #IranCrisis #Economy

Money

How Iran conflict is driving oil prices and global market volatility

Published

1 day ago

March 5, 2026

Harvey Vargas

Energy prices soar amid Iran conflict, with investors reassessing risks and market dynamics.

The ongoing conflict in Iran has sent energy prices soaring and markets reeling. Investors are reassessing inflation expectations, central bank rate paths, and global growth prospects as risk aversion rises.

David Scutt from Stonex gives his insights on how surging oil prices and rising energy risk premia are influencing investor sentiment and market dynamics.

Markets may need weeks to fully digest the economic impact of the conflict, with volatility likely to persist as investors weigh geopolitical and financial risks.

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Money

Middle East crisis: Global markets, tech, and supply chains under pressure

Published

2 days ago

March 4, 2026

Harvey Vargas

Navigating global uncertainty as the Middle East crisis reshapes markets, technology, and supply chains

The ongoing Middle East crisis is sending shockwaves through global markets, driving energy prices higher and intensifying volatility. Investors are facing growing uncertainty as inflationary pressures mount and risk sentiment shifts. Supply chains are under stress, with key trade routes disrupted, forcing businesses worldwide to rethink logistics, procurement, and operational strategies.

The technology sector is feeling the ripple effects as semiconductors, critical components, and AI infrastructure come under pressure. Volatility in tech stocks is rising, while defence and cybersecurity firms are navigating both new risks and opportunities. At the same time, investment in renewable energy and energy tech could accelerate as companies adapt to energy price surges and seek more resilient solutions.

Brad Gastwirth from Circular Technologies joins us to break down what these developments mean for global markets and long-term strategic planning.

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#MiddleEastCrisis #GlobalMarkets #TechIndustry #EnergyPrices #SupplyChain #InvestorAlert #AI #Innovation