‘Running off the cliff’: An explosion of household debt has put the US economy in a tough spot
Soundly Asleep in a Burning Bed.
The deeper problem is that human cognition is built for sudden threats with a specific source — the punch you can see coming — and badly miscalibrated for diffuse, distributed ones. Harvard psychologist Daniel Gilbert has argued that gradual threats fail to trip the brain’s alarm, leaving us “soundly asleep in a burning bed.”
We’re missing the economic fallout of the Iran war — just like we did with Covid
Apollo’s top economist says AI is about to spark a job-market boom
This should be the near future, not the other way arround
Apollo’s top economist says AI is about to spark a job-market boom
AI needs good data and only an assistant
AI needs good data to provide good answer. Vast amount of data must be organized by software. No matter how clever and hard-working AI is, the master must be human. Again, software is the tool to guild and guard the conduct of AI, if human masters don’t want to get involved in each case.
Microsoft CEO Satya Nadella: Why AI Capex Will Pay Off | Morgan Stanley
Will there be less jobs available because of AI?
No worries! When productivity rise, more jobs will be created for human entertainment and well-being. We never have enough.
‘Big Short’ investor Michael Burry warns a ‘troubling’ number in Nvidia’s earnings could be ‘catastrophic’ for its finances
Burry has been right most of the time, except for the exact timing, which is indeed mission impossible.
The very question you should ask yourself among AI Bubble
The very question you should ask yourself at this moment is, in which way an enterprise can win big and build a wide enough moat by using AI, just like those successful companies build their dominating business on the Internet in the last few decades.
AI is NOT Intelligent
The so-called AI is like an extremely dumb person with extremely strong memory, extremely strong guessing capability to fool people. The current AI models may give you the right answer most of times. But that’s NOT due to intelligence, but a quick answer from massive existing knowledge base from our civilization. You don’t think an encyclopedia having intelligence, don’t you?
AI isn’t making us smarter — it’s training us to think backward, an innovation theorist says
Visa will be the winner in the long term
Visa will be the winner in the long term, because it will contain stablecoin within its ecosystem, although this has some impact on Visa’s margin in the short term.
https://finance.yahoo.com/m/bdfe4895-4c8f-384f-aa08-0470646ffe7c/visa-launches-stablecoin.html
Should Investors Believe Musk
If Musk has so much confidence in the future of Tesla, he should buy more Tesla’s shares using his own money instead of demanding a trillion dollar pay package. After having been failed to deliver a full self-driving car for 9 years, I have a strong reason to doubt whether Musk will deliver his promises in future.