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Comment Re: Crime details (Score 1) 70

AI:

Leland Stanford [founder of the school] engaged in numerous actions that would be considered prosecutable crimes todayâ"including massive financial fraud, embezzlement of public funds, and illegal self-dealing. He escaped legal accountability because he used his powerful connections and political offices to orchestrate what historians call one of the greatest raids on the public treasury in American history.

Comment Re:The power and the money (Score 0) 41

If you told Reagan the national debt would reach $38 trillion, would he have predicted the US dollar was still king and the US stock market set 24 new record highs year to date, with lower taxes? How much more money could he have printed without consequence for his grandchildren?

Comment Re: With xAI and Cursor (Score 0) 67

Do you think Musk read Red Mars by Kim Stanley Robinson?

AI Overview:

The AI in Red Mars: "Paul"Unlike standard science fiction tropes of sentient, rogue androids, the artificial intelligence in Red Mars is depicted with grounded, near-future realism.

The "Paul" System: The primary AI is a ubiquitous, advanced operating system named Paul, run on the colony's wrist-bound computers (vidphones) and lab networks. It is named after the physicist Wolfgang Pauli.

Functional Utility: Paul acts as a highly sophisticated, natural-language personal assistant and analytical engine. It handles complex data filtering, scientific calculations, drone piloting, and habitat system automation.

Comment Re: Just waiting (Score 1, Interesting) 102

There is a tendency, among both scientists and non-scientists, to assume that our current scientific theories are correct in some fundamental sense ⦠but the history of science suggests otherwise. Almost all of the theories that were at one time viewed as correct have been abandoned.

â" David Merritt, 2020

AI Overview:

David Merritt is an American astrophysicist and prominent scholar in the philosophy of science. He is a Professor Emeritus of Physics and Astronomy at the Rochester Institute of Technology (RIT), having previously taught at Rutgers University.

Comment Re: That's nice (Score -1) 74

"Insurance companies don't print their own money either. They redistribute the costs of these payouts over their risk pool."

If you ran an insurance company, would you invest premiums to make more from financial returns? Do they turn the popular notion of redistribution of premiums into distribution of financial market profits?

By ignoring the concept of reinsurance, do you contribute to a misinformational myth (whiich benefits insurers because, poor me! I can only pay out what I get in premiums!) that insurance is zero sum when in reality stock market investments make it positive sum?

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