At least not if they were wearing AI glasses imposing VR advertising for next month's improved AI glasses.

Obligatory joke for low hanging fruit.

Adam Smith's biggest mistake was stealing the invisible hand's cloak of invisibility. Mostly downhill since then, now at AI-enhanced speeds.

This morning's weird thought was that Adam Smith's great mistake was to make the invisible hand visible. It was a flawed idea in the first place, basically a claim that things would work out "for the best" without knowing the details, but it was really a justification for social Darwinism before Darwin. In a sense bankruptcy serves as the equivalent of death in evolutionary systems in the biological world.

Once the invisible hand had lost its cloak of invisibility all the scoundrels in the world leapt to the attack, and we eventually wound up with bigger and bigger messes. The controlling hands are still mostly invisible, and now enhanced with AI, but they are still (for now) human hands busily devising new scams for fresh suckers. Leading candidates for the worst actors? My latest list features advertisers, stock brokers, real estate agents, and politicians. (Stock brokers is probably too narrow, but bankers is too broad and FinTech Bros is too trendy (for my tastes).)

Needs a joke for the conclusion, but I'm out of humor these days. Everything keeps running into the "We can't get there from here" oldie.

> and the Chinese are always ready with a cheaper product.

Chinese gov't is likely subsidizing those also to gain market-share. So it's in the same boat, perhaps at a different pace though, as they don't have to care what Wallstreet wants

> Open Source AI thingies

Running on in-premises hardware? If cloud-based, the subsidization time-bomb may still play out.

It's a success if you observe the right cats.

The smart-phone boom saved many techies from the wrath of the mortgage bubble econ crash. Even if a dev didn't work on phones, other devs moving to phones kept general dev demand up.

Investor funds and market-share-fights have been subsidizing the cost of AI for end-users. Even if the predictions in the article are exaggerated, the Day(s) of Reckoning will eventually arrive and there will be lots of WTFs.

Central banks do a lot of useful things, but they don't give currency a value (they can, however manipulate the value others give it by printing it, destroying it, changing interest rates, changing the amount of reserve banks need and the multiple they can lend, etc). What gives a currency value is supply and demand- the fact other people want that currency. Which is also what sets international exchange rates.

There's also the fact you need it to pay taxes, which sets a base amount of demand. But beyond that it's all supply and demand when deciding how much value it has against other currencies or physical objects.

WHich is different from crypto how? You print it from doing large amounts of useless work on a computer that provides no value and is immediately thrown out. Or the new proof of stake algorithms, in which you print it by having previously printed it. I'll take cash, thanks.

but to be fair it'll take at least $5 billion to examine it.

But they have a blank-et copyright on such.

sigh s/more /

I don't want edit, I want a browser grammar checker that's all client side.

The rates are bad, we don't focus on using the least bad estimate we produce, and we stave off crisis to a degree with mediocre public assistance programs which struggle to cover needs for lack of funding but which really amount to can-kicking. That's better than nothing, but still leaves us poised for disaster. If Cheeto Benito successfully terminates these programs (as he has been trying to do, and he has successfully been interfering with them) then the looming crises become immediate not quite overnight, but in literally more 10-30 days.

The *average* blackout duration for Madrid (CAIDI) is 1.6 hours. While you wouldn't expect a large percentage of outages to exceed four hours if the average is just under half of that, infrequent isn't zero, and when you're talking about critical emergency infrastructure like telephones, you really should want the outage durations for those services to be zero.

And even if the average really were just 30 minutes, the point remains that this was done in response to an outage that lasted way more than 4 hours, so the proposed fix wouldn't have prevented the events that triggered the legislation.

He said it at least twice, not a fluke.

Perp just needs to moisten the gun, wet magnets don't work.