
Taylor Spears
2K posts

Taylor Spears
@tcspears
Chancellor's Fellow @uoebusiness & @UoE_EFI. Lecturer in Financial Technology and Organizations.


New newsletter: The US economy is splitting in two. There’s a rip-roaring AI economy. And there’s a lackluster consumer economy. - Macro: Last quarter, spending on AI outpaced the growth in consumer spending - Stocks: In the last two years, ~60% of equity returns have come from “AI-related” companies, esp the hyperscalers like Microsoft and Meta (per JPM) - Micro: According to Stripe, firms on the platform that self-describe as “AI companies” are dominating revenue growt, far surpassing the growth rate of any other group


We live in an interesting world where, as a result of policy-by-tax-credit, Treasury now administers: Our largest housing program (LIHTC) instead of HUD Our largest energy program (ITC/PTC) instead of DOE One of our largest antipoverty programs (EITC) instead of SSA





Be careful everyone, this happened in greystones. The lady's daughter was scammed out of €1000, using a QR code that she scanned to pay for parking.



Former Google CEO Eric Schmidt says energy demand for AI is infinite and we are never going to meet our climate goals anyway, so we may as well bet on building AI to solve the problem

The insane irony of this is that each one of these failed multiplications requires performing trillions of successful multiplications



I created a Python app with Claude's help that lets you drag and drop articles into your browser for quick summaries via the OpenAI API. I'm finding it helpful for quickly developing a high-level understanding of literature in unfamiliar fields. Saves time compared to repeatedly prompting ChatGPT. github.com/tcspears/artic…













