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How Should We Think About the Economics of AI?
How Should We Think About the Economics of AI?
(Gemini 2.0 Flash Thinking, given a request to outline the URL, did invoke search. It may be mimicking how the user proceeds. Presumably, it might also find reviews as those are added to the web. A few dimensions, e.g. economics, tech, and government regulation. Subtext. Nostalgic authors appeal to eastern bloc, including Asimov. Capitalism is bigger than one country, but so was democracy not too long ago. More data, compute, and algorithms. Age of garb, Other analysts think globalization has yielded to demographics and geography. Appears to continue to reference how well they are doing compared to prior crises. The trick is they can print money on one hand and incinerate it on the other so officials really don't need laundering or the Ollie Norths . DOGE may be loosening it up for something else. Less reform, more FOMO. But the envo fanatics are restless too. If AI is indeed capable of digital science, will that be sufficient? How much of the collaboration is intangible? From the conservative viewpoint, it's all six. From the progressive, there is no... Incidentally, recently started to ask Gemini about simulating cognitive architectures, and that quickly got into a rabbit hole. What eats recombination and recursion? Ideally, not only reconstruction and hotel casinos. "As time goes by." [Klinkenborg warned about short sentences.] STEEP categories. When asked for the prevalent methods of analysis, most of the chatbots appear to fallback to Krugman's style since they cannot access the content directly. Perplexity uses extracted terms called it interdisciplinary between the speakers, and was further able to perform a couple of types of dialectical analysis and make a table. Better than back in the day when each researcher was dedicated to a different question. Will the economics be sensitive to tech literacy? Or, for the agents, to situational awareness? How to measure collaboration between different types of observers/actors? Marketing fallback: Is that another form of distribution? Versus defer and roll the dice. How does AI find economists? Or is profession a shell game? Summary: In this case, AI sees the blogger pointing, but not the moon. For the user, conflation is not dialectic. For the economist, lots of opportunity remains this decade. After Adam Smith, or utilitarianism,what are the limits of specialization, whether or not AI, like art, imitates society? Is Sloan a pun? Does AI envision a universe of all possible life? And crypto? On the dashboard: Coreweave hopes not to be the last unicorn. Musk reportedly intends to exit DOGE with saving a trillion to his credit after Q2. Tariff Liberation Day draws near.)
#Economics#Technology
·paulkrugman.substack.com·
How Should We Think About the Economics of AI?
How AI Is Rewiring The Banking Process
How AI Is Rewiring The Banking Process
(DOGE is a metaphor for crypto as well as gov ops. Overall there is more e-commerce, content creation, online or remote work, and digital assets. Also a domestic bitcoin reserve. If the feds downsize, society may be rolling back to the days of Pinkerton. The States are up next with ore than Sanctuary at stake.)
#Digital Economy#Finance#Economics#Trends
·readwrite.com·
How AI Is Rewiring The Banking Process
Jason Crawford on X: "“Europe largely missed out on the digital revolution led by the internet … in fact, the productivity gap between the EU and America since 2000 is largely explained by the tech sector. … European companies specialise in mature technologies where the potential for breakthroughs" / X
Jason Crawford on X: "“Europe largely missed out on the digital revolution led by the internet … in fact, the productivity gap between the EU and America since 2000 is largely explained by the tech sector. … European companies specialise in mature technologies where the potential for breakthroughs" / X
#Economics#Ideology#Innovation
·x.com·
Jason Crawford on X: "“Europe largely missed out on the digital revolution led by the internet … in fact, the productivity gap between the EU and America since 2000 is largely explained by the tech sector. … European companies specialise in mature technologies where the potential for breakthroughs" / X