Independent thinking for complex markets and current events
Not long after the terms “996” and “grindcore” entered the popular lexicon, people started telling me stories about what was happening at startups in San Francisco, ground zero for the artificial intelligence economy. There was the one about the founder who hadn’t taken a weekend off in more than six months. The woman who joked …
‘The Big Money Show’ panel discusses Vice President JD Vance’s warning about AI surveillance, political bias and the risks of moving too fast in the tech race with China.
The machines aren’t just coming for your jobs. Now, they want your bodies as well. That’s at least the hope of Alexander Liteplo, a software engineer and founder of RentAHuman.ai, a platform for AI agents to “search, book, and pay humans for physical-world tasks.” When Liteplo launched RentAHuman on Monday, he boasted that he already had over …
In my previous video, I broke down why the coming AI correction will look very different from the dot-com crash. Today, we go deeper into a seismic shift that’s quietly reshaping global finance: the AI debt wave now sweeping through U.S. and European credit markets. For over a decade, Big Tech dominated with cash-rich balance …
I’ve got bad news. The AI cycle is over—for now. I’ve been an unapologetic AI maximalist since the first time I tricked GPT-4 into writing a working Python back-test for a volatility strategy back in early 2023. I’m still convinced it will take the wider economy years—maybe decades—to fully digest the productivity shock we’ve already …
Morgan Stanley just slammed a price tag on AI’s future. $2.9 trillion in data center spending by 2028. Only $1.4 trillion of that comes from actual cash flow. That leaves a massive $1.5 trillion debt crater. Not a simple gap. A full-blown crisis. “By 2028, global data center construction will require approximately $2.9 trillion… relying …
Sam Altman once admitted he keeps a “go bag” and has an agreement with Peter Thiel to flee to New Zealand if things collapse. “Altman said in 2016 the pair would lay low at one of Thiel’s properties in New Zealand.” https://www.dailymail.co.uk/sciencetech/article-12974609/What-know-Worlds-billionaires-building-bunkers-assembling-fortresses-outside-mansions.html Thiel’s bunker plans near Lake Wanaka were blocked by New Zealand’s local council. …
AI TRIED TO RUN A COMPANY… AND FAILED SPECTACULARLY A team of researchers built a fake tech company, staffed entirely by AI workers from Google, OpenAI, Meta, and Anthropic. The result? Total chaos. The best AI agent barely finished 24% of its tasks, needed nearly 30 steps, and cost $6 per assignment just to get …
"If AI is having such a profound impact on call centers, telemarketing, and other business process outsourcing jobs, then unemployment in the Philippines and India should be moving higher. But that is not what the data is showing." – Apollo Sløk pic.twitter.com/zkPGelkn6B — Daily Chartbook (@dailychartbook) September 4, 2024
via MSN: Spend enough time with ChatGPT and other artificial intelligence chatbots and it doesn’t take long for them to spout falsehoods. Described as hallucination, confabulation or just plain making things up, it’s now a problem for every business, organization and high school student trying to get a generative AI system to compose documents and get …