TCL
14.2K posts
French singer Françoise Hardy being interviewed about The Beatles in 1964.
the value of this technology will mostly not be captured by its inventors, the labs, or even the chipmakers, but rather will be captured by the consumers as surplus. these are highly competitive markets without any natural monopolistic effects like many other technologies before it, machine intelligence democratizes abilities previously only available to the wealthy, in this case by commoditizing the services of the white collar elite who mostly live in rich countries it’s not that there are no programmers, it’s that really anybody can make software now now so the “rents” of the “human capital” of knowing how to write JavaScript for example should shrink dramatically this will reduce the inequality between countries: services that previously required lots of human capital now require chatbot subscriptions at worst, or may even be given away for free you can receive medical advice worthy of a $1000/hr American specialist doctor likely for free while living under a thatched roof in eg Papua New Guinea somewhere while I think Americans have plenty of reason to be excited by AI, I would be more excited as someone in a poor country
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Iran warns it could wage a prolonged war with the US and Israel that would "destroy" the world economy, even as Trump says it is near defeat. Iranian strikes have brought shipping through the Strait of Hormuz almost to a halt, forcing governments to scramble to contain the fallout u.afp.com/SLwq
insane sequence of statements buried in an Alibaba tech report
Real men call it the Department of War — they just don't call what it does a war.
The oil market is already tapping the SPR. No, no that SPR. I mean the Russian (and some Iranian) floating barrels that, effectively, are acting as the market's first line of defence. If anything, their impact is faster than the SPR, because they are already in tankers.
Not prepared to weigh in on whether Iran War was/will have been good idea (my most non-libertarian take), but investors/market/media/public should refrain from "war enters sixth day with little sign of easing" reactions. Wars prob should last a while, else they'd be more common.