Well, he’s a great CEO indeed but there are some nuances here. He’s been the CEO for over 30 years and this is the first time he’s done a raise at this scale – all because NVIDIA found itself at the centre of the AI frenzy and now earns supernormal profits.
ECONOMY
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Ordinary Guy Failed Twice: AI Impact on Jobs
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Just an ordinary guy who couldn’t make the cut…twice!
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ChatGPT’s Free Access Generates Massive Consumer Surplus
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I didn't say AI was unique. There are many new goods with high consumer surplus, too. We have papers about them at the link above, e.g. https://
nber.org/papers/w31670 But when hundreds of millions of people suddenly get ChatGPT and other LLMs for free, then the increase in consumer -
Digital Goods and AI Impact on GDP and Consumer Surplus
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Yes, almost every good has some consumer surplus. But when a good is offered for zero or close to zero price, then the ratio of consumer surplus to GDP becomes very high. Most digital goods, including AI, have this property, so as consumption increasingly becomes digital, GDP
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Disclosure Ethics: Never Paid Tweet Without Transparency
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I’ve never been paid to tweet about something without disclosing that I was paid to tweet it… That includes companies I have equity in. (I have no relationship with LMStudio)
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Tech Job Losses as AI Automation Displaces Skilled Workers
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Goodbye, $165,000 Tech Jobs. Student Coders Seek Work at Chipotle.
#RiseoftheRobots -
GPT-5 Reasoning Adoption Skyrockets from 200 to 3000 Weekly Queries
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We went from 200 GPT-5 reasoning queries to 3000 per week. Before GPT-5 only 1% of free user used reasoning and only 7% Plus users. (Wtf???) This is a revolution for 99% and 93% respectively of almost all ChatGPT user (~700m). Let that sink in.
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AI Agents Reshape Brand Loyalty and Consumer Shopping Behavior
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AI Agents Are Killing Brand Loyalty And Reshaping How We Shop As AI agents increasingly make decisions, brands are losing influence. Loyalty once built on emotion is giving way to algorithmic logic—meaning businesses must optimise for machine decision-making, not just human
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Cutting Research Budgets Threatens Technology Leadership Future
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Other priorities? You mean, like, tax cuts for the ultra-rich?
The point is that cutting research is like mortgaging the future and resulting in a loss of technology leadership. -
Era Ending: Cost-Benefit Analysis Shifts AI Development
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Yes, that (and some other similar issues) is why the era is coming to a close — it's no longer sufficient to rely on it in practice, since costs are getting too high vs improvements.