US Debt, currencies, central banks, China, commodities and AI are not separate stories. I connect them all and explain what is changing, why it matters and what comes next.
The problem with AI development in the US is that it is really the creation of intellectual property (by enclosing the common intellectual development of the last couple of centuries). That is why there's a backlash against it. China, OTOH, is developing AI as a public utility, like their power and transportation systems.
The US is on track to have another financial crash. I expect it to happen in September (see 2008). That is also motivating the move away from the petrodollar.
I like this comment. Over the weekend I had an insight that AI compute is actually a utility and will increasingly face the pressures of being a utility rather than a novel technology.
So essentially, as the ideal of mass adoption is achieved, if it does, then it will become just another utility bill that will need to remain affordable and therefore capped in a monetary sense unless wages can grow.
Then there is the job displacement and what the novel layer of job creation will be.
This highlights the danger of mass redundancies and an economic slow down; whether the necessary power to keep the AI machine running will take precedence over the power necessary to sustain basic needs, if all human data is stuck in the machine.
The problem with AI development in the US is that it is really the creation of intellectual property (by enclosing the common intellectual development of the last couple of centuries). That is why there's a backlash against it. China, OTOH, is developing AI as a public utility, like their power and transportation systems.
The US is on track to have another financial crash. I expect it to happen in September (see 2008). That is also motivating the move away from the petrodollar.
I like this comment. Over the weekend I had an insight that AI compute is actually a utility and will increasingly face the pressures of being a utility rather than a novel technology.
So essentially, as the ideal of mass adoption is achieved, if it does, then it will become just another utility bill that will need to remain affordable and therefore capped in a monetary sense unless wages can grow.
Then there is the job displacement and what the novel layer of job creation will be.
This highlights the danger of mass redundancies and an economic slow down; whether the necessary power to keep the AI machine running will take precedence over the power necessary to sustain basic needs, if all human data is stuck in the machine.