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19.06.26 - 22:45
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AI Doomsday Warnings Distract From More Imminent AI Concerns (ZeroHedge)
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AI Doomsday Warnings Distract From More Imminent AI Concerns
Authored by Daniel Nuccio via The Brownstone Institute,
AI is everywhere. It's getting incorporated into everything. That's simply progress, we're told. And therefore we need to embrace it, lest we look like a Luddite and let China win (whatever that means).
Yet, simultaneously, a lot of people also are afraid because of AI. Very afraid. And sometimes, we're told that we should be afraid too.
However, in public discourse surrounding AI, there often can be a lack of detail regarding what specifically we're supposed to be afraid of. Sometimes it is not even clear what is meant by the term “AI.”
Technically speaking, as I have touched on previously, one could argue (as some older computer scientists do) that AI is an umbrella term for a family of algorithms based in math that sometimes dates back more than a half-century.
Practically speaking, numerous programs we've been living with for years like Google Maps and Amazon...
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19.06.26 - 19:54
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Jio IPO risk factors: From spectrum renewals to AI rules, key challenges flagged in draft papers (Times of India)
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Jio Platforms, gearing up for a massive IPO, has revealed significant risks including spectrum renewal challenges, cybersecurity threats, and evolving AI and data privacy regulations. The company also faces uncertainties in its satellite connectivity ventures and potential competition from within the Reliance Group. These disclosures highlight potential hurdles to its future growth and profitability as it prepares for its market debut....
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19.06.26 - 19:54
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FundStrat′s Newton: Why Not Replace The FOMC With AI? (ZeroHedge)
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FundStrat's Newton: Why Not Replace The FOMC With AI?
Short of abolishing the Fed (much preferred), would automating the Fed make more sense than the current system? Should we trust Kevin Warsh, Jerome Powell, and Lisa Cook to read the tea leaves each month and decree rate changes for us commoners?
That was Fundstrat's Mark Newton's suggestion during last night's ZeroHedge debate on his H2 market outlook. He pointed out the new chair's plan to eliminate “forward guidance”, a term invented under the previous chair Powell in which the Fed strategically signals its plans on rate changes so that those signals themselves might change rates organically by market forces.
It's all a big mess… but Newton and BTIG's Jonathan Krinsky also debated whether the AI trade is in a bubble and which sectors look like attractive investment opportunities. Here were Newton's remarks on the Fed and other highlights, though we recommend watching the full debate at the end:
Automate The Fed
Fundstrat'...
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