And so if you are a founder of a high flying startup and own 20% in year 4 when it is worth $200 million, congratulations! IRS: “Alright you vested $8 million of equity this year.”
You: “Paper wealth only.”
IRS: “Yeah most is. You owe approximately $3.5 million.”
POLICY
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Startup Founders Face Tax Obligations on Vested Equity
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Small Decisions Shape World Systems
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You’d be surprised how much of the world is extremely dependent on very small decisions which do not necessarily announce their importance to the people capable of making them. Here’s one:
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Federal Agencies Navigate Privacy-Bias Trade-Off in AI
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New policy brief: Amid rapid advances in AI, efforts to safeguard privacy & address algorithmic bias are increasingly at odds. Our latest brief examines how federal agencies are grappling with this “privacy-bias trade-off” and proposes policy solutions. https://
stanford.io/46TROHx -
FDA Rejects Inaccurate COVID Test; Founder Hides Truth from Investors
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lol minor detail 'The Food and Drug Administration informed Schena that Arrayit's COVID test was "not accurate enough" to receive emergency authorization to use in the early days of the pandemic — a fact that he hid from investors and test users.'
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IPCC-Style AI Assessment Framework for Evidence-Based Regulation
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We're at risk of knee jerk regulation. This IPCC style effort is the antidote. Reliable, independent assessments of the current state and future progress of ai capabilities. This provides the scientific evidence base policymakers need to make rational and proportionate rules.
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W3C Releases Draft Web Sustainability Guidelines for Review
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The @w3c came out with a draft of web sustainability guidelines last month. Have you taken a look? What do you think? https://
w3c.github.io/sustyweb/ #websustainability -
China’s AI Development Strategy Without Open Source Dependence
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Repeat after me: AI is not a weapon. With or without open source AI, China is not far behind. Like many other countries, they want control over AI technology and must develop their own homegrown stack.
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International Panel on AI Safety for Informed Regulation
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Before we can effectively regulate AI, we need to accurately understand it. The International Panel on AI Safety (IPAIS), following the IPCC model, can provide impartial, science-driven insights for informed AI regulation. Let's make it happen. cc @ericschmidt
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Fixed AI Caps Risk Stifling Future Innovation and Technology
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This proposal is very problematic. First, fixed caps are not flexible enough to accommodate future technology changes (such as algorithmic innovation, the emergence of swarms of smaller models; we will definitely need higher caps in the future). Second, artificially slowing AI
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Coinbase Selects Ireland as EU MiCA Hub for Crypto Services
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Exclusive: Coinbase has chosen Ireland is its main "MiCA" hub in the EU. The crypto exchange applied for a MiCA license with the Irish central bank. This would allow it to offer services throughout the EU under one international supervisor. More here: