Hmm…another rare occasion when I have to agree with Oren. It’s not quite as bad as having to agree with Rand Paul, or Majorie Taylor Greene, but it’s getting close…
Seriously, though, I liked your take on AI. Frankly, how can taking any advice from any program that makes things up and shows a marked tendency to tell you what you want to hear be a good thing?
" 'Gambling’s reach is extending deeper into the investment ecosystem as Google strikes a deal to pipe prediction market data from Kalshi Inc. and Polymarket into its finance platform,' reports Bloomberg.
What would it take for Google... to decide they are making enough money already? Insofar as all this is the profit motive at work, would anyone argue it represents progress?"
Yes. Free-market worshipping types, many of whom seem to comment here.
After all, a product based on human fallibility will *never* have a demand shortage. What could be better from Google's perspective? Gambling problems lead to money problems, which results in people seeking relief through loans, which is a positive for the lenders and GDP. And you also likely get health problems, which leads to consumption of health care services, another positive from the FMWPOS perspective!
People who try to distinguish between the dot com bubble and current AI mania bring up examples like Pets.com. The example here of an AI company taking video of your deathbed grandma so you can communicate with her posthumously will look just as weird and ridiculous with time.
I really don’t understand why the issue of Chinese over capacity cannot be solved by devaluing the dollar.
Or more specifically, what policy choices is America making that stops the dollar devaluing to equalise the trade deficit with china. Same for the Europeans.
Europe has already chosen. It is unclear whether they have chosen China or the Caliphate. It is the US who needs to choose. Are we going to try to contain China which means approaching Russia and India or are we continue to tie ourselves to the to the EU/UK anchor.
Hmm…another rare occasion when I have to agree with Oren. It’s not quite as bad as having to agree with Rand Paul, or Majorie Taylor Greene, but it’s getting close…
Seriously, though, I liked your take on AI. Frankly, how can taking any advice from any program that makes things up and shows a marked tendency to tell you what you want to hear be a good thing?
" 'Gambling’s reach is extending deeper into the investment ecosystem as Google strikes a deal to pipe prediction market data from Kalshi Inc. and Polymarket into its finance platform,' reports Bloomberg.
What would it take for Google... to decide they are making enough money already? Insofar as all this is the profit motive at work, would anyone argue it represents progress?"
Yes. Free-market worshipping types, many of whom seem to comment here.
After all, a product based on human fallibility will *never* have a demand shortage. What could be better from Google's perspective? Gambling problems lead to money problems, which results in people seeking relief through loans, which is a positive for the lenders and GDP. And you also likely get health problems, which leads to consumption of health care services, another positive from the FMWPOS perspective!
When you are born you have an incalculable debt that can only be repaid by birth and sustainability of another generation.
I'd support human genome editing, and do support advancements in incubator tech to supplant female surrogacy.
People who try to distinguish between the dot com bubble and current AI mania bring up examples like Pets.com. The example here of an AI company taking video of your deathbed grandma so you can communicate with her posthumously will look just as weird and ridiculous with time.
I really don’t understand why the issue of Chinese over capacity cannot be solved by devaluing the dollar.
Or more specifically, what policy choices is America making that stops the dollar devaluing to equalise the trade deficit with china. Same for the Europeans.
Europe has already chosen. It is unclear whether they have chosen China or the Caliphate. It is the US who needs to choose. Are we going to try to contain China which means approaching Russia and India or are we continue to tie ourselves to the to the EU/UK anchor.