The Next Generation & Progress, ChatGTP and Children Using Virtual Money

What we’ve read, written and seen

Newsletter week 49 , 2022

Will The Next Generation Do Better? A new survey among 21,000 young people from all regions shows that the dream of upward mobility in wealthier nations seems like a story about the past. In poorer countries, there is still hope that the world is becoming a better place. Read more here

More about ChatGTP Trained by AI and machine learning, ChatGTP is designed to provide information and answer questions through a conversational interface. The tool has impressed experts with its writing ability, proficiency at complex tasks and ease of use. It's currently free to use with an OpenAI account during a testing phase. Read more here

What is Value? The Brooklyn-based art collective MSCF has transformed the Perrotin New York space into an interactive strip mall where sneakers are presented as investments, art has been commodified as merchandise, and video games are valued as fine art. Read more here

Virtual Money Last year, children ages 12 to 17 spent an average of $92 a month online, more than double the average from two years earlier. Roblox is one of the largest virtual worlds where kids spend virtual money. Most virtual items cost less than the equivalent of $10. Read more here

Supporting The Creator Economy Digital studio ZERO10 is launching an AR fashion platform that enables designers, brands, and users to create virtual clothes for augmented reality. The goal is to support the community of digital creators, giving them access to the technology that will allow them to become more mainstream and democratise digital fashion. See more here

Banner from left to right Victor Paganotto Carvalho Freitas of Brazil by Gabriela Portilho for The New York Times; Lorraine Nduta of Kenya by Khadija Farah for The New York Times; Angela Bahamonde Ahijado of Spain by Ben Roberts for The New York Times; Landen Otaka of Hawaii by Marie Eriel Hobro for The New York Times