At an event in Singapore, a Chief Economist’s practical advice to survive the current volatility ‘Prepare, but don’t try to predict’.
ECONOMY
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Forever Games Redefining Work and AI Integration Society
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I think Asimov's view is more prescient, but that we'll wrap "whatever we wish" in game-like work (or work-like games). According to @mitchlasky
's definition of a Forever Game from Gamecraft with @blakeir
, a lot of us already are. https://
open.spotify.com/episode/10GsRW
exiOT9NhK0CsAKEx?si=7177d55cee0e4937
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UBI as Permanent Stimulus: Reimagining Work and Society
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UBI is ZIRP on steroids rolled up with perma-stimmies. Instead of saying, “Here, you can borrow money for practically nothing but you’ll need to pay us back,” UBI says, “Here, take this money.” What would we do in a world with UBI, where we don't need to work to live?
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OpenAI explores UBI experiments as AGI approaches workforce transformation
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At some point, we might not *need* to work to make a living. In that Planning for AGI post, @sama wrote that OpenAI's nonprofit could do things like “sponsor the world’s most comprehensive UBI experiment.” https://
openai.com/blog/planning-
for-agi-and-beyond
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ZIRP Phenomena: Glimpse Into Wilder Economic Future
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Start taking weird shit more seriously. Like ZIRP Phenomena. What if they're not a one-time aberration, but a glimpse into an even wilder future? https://
notboring.co/p/the-appetizi
rp
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Automation reduces farming jobs, creates abstract new work roles
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The fact is: fewer people need to work to keep everyone alive. 83% of Americans farmed in 1800. It's 1% now. So we keep making up new, more abstract jobs.
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ChatGPT Could Disrupt Online Travel Long Tail
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ChatGPT could trim the ‘long tail’ of online travel, says RBC https://
thetechnologyletter.com/the-posts/chat
gpt-could-trim-the-long-tail-of-online-travel-says-rbc
… $BKNG $EXPE $GOOGL $ABNB #investing #stocks #tech #travel #search #ChatGPT #OpenAI -
Social Contracts Face Imminent Challenges
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All of our social contracts are about to be challenged!
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Microsoft Bing Fails to Impact Google Search Market Share
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Microsoft’s bing has yet to dent Google search traffic, says Merrill https://
thetechnologyletter.com/the-posts/micr
osofts-bing-has-yet-to-dent-google-search-traffic-says-merrill
… $MSFT $GOOGL #investing #stocks #AI #artificialintelligence #ChatGPT #Bing -
Mundane Technology Hyped as Infinite Returns and Existential Threat
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In both cases, you have a useful but fairly mundane technology, and you pretend it will soon bring *infinite* returns (on the basis that it is depicted as such in sci-fi), while representing a major existential threat (same reasons).