Machine Learning for Asset Managers (Elements in Quantitative Finance): https://
amzn.to/3SCmVpv
ECONOMY
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Machine Learning Resource Targets Asset Management Applications
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Essay Warns AI Could Reshape Human Labor and European Economic Power
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A few years ago, I wrote this for Level magazine. Europe at a Crossroads: Building a Resilient Civilization Our civilization is facing unprecedented challenges. Artificial intelligence will erase the value of human labor and destroy traditional economic power. Authoritarian
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Report Details Anthropic’s Planned Compute Spending and Cloud Contracts
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The WSJ has seen Anthropic's new draft prospectus. Some numbers: They plan to spend three-quarters of a trillion dollars on compute over the next seven to ten years. – $111 billion on Google cloud computing contracts
– $110 billion with Amazon Web Services
– $31 billion on -
Anthropic Revenue Growth Accompanies Large Future Compute Commitments, Report Says
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Anthropic reportedly grew revenue nearly 15x while taking on more than $600B in future compute commitments. WSJ reviewed a draft IPO prospectus: – H1 revenue jumped from $1.1B to $16.3B. Compute and infrastructure spending rose from $2.3B to nearly $9B. – Revenue is scaling
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Commentary Highlights Evidence About Frontier Inference Profitability
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Insane alpha, must read, might well redefine this economy. Everything me, Zephyr etc have been saying about the real profitability of the frontier inference is powerfully vindicated
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Superintelligence Forecast Predicts Dramatic Changes in Living Standards
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In the age of super intelligence, the current standards of living will look medieval. The problems that society worries about right now will be largely irrelevant. It’ll be the equivalent of current society worrying about the bubonic plague.
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An Essay Describes Rival American and Chinese AI Empires
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Empires of AI: The Rise and Fall of a New Global Order https://
foreignaffairs.com/china/empires-
artificial-intelligence-ferguson-klaassen-schmidt
… ✍️ @nfergus with @ericschmidt and Lisa Klaassen via @ForeignAffairs 👉 The authors argue that the United States and China have established rival "empires of AI" by capturing the capital, -
AI Market Collapse Concerns Favor Less Debt Dependent Companies
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An interesting chat with Paddy Srinivasan last week as everything in AI was melting down. I don’t think anything will escape a market collapse, but I do appreciate the relative safety of not being massively debt-laden. They used to call 7-Up the “uncola” in the 1970s. Perhaps
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AI Devaluation of Professional Work Can Indicate Cheaper Services
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But what do you mean, we do not have access to cheaper services, damn it? I imagine that to convince you, I will have to present the argument from the negative side of things. Do you agree or disagree with the idea that AI, in recent years, has devalued professions such as ‘ [Traduit de FR vers EN]
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AI Productivity Gains Can Increase Output Without Reducing Work Hours
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Mmm, not exactly. If, thanks to AI, you complete more projects and continue to work the same day, you continue to work the same hours, simply being more productive. That extra productivity will indeed allow your boss to sell more on a [Traduit de FR vers EN]