Summers Says Fed Recovered From ‘Egregious’ Inflation Mistake


Former Treasury chief says new mistake is estimate of neutral Summers would be surprised if Fed cuts as much as market sees Chris AnsteyAugust 23, 2024 at 1:03 PM EDT Former Treasury Secretary Lawrence Summers said that, while the Federal Reserve hit a “low point” in its monetary policy history by failing to act quickly against the 2021 inflation surge, in the end it did enough to right the economy. “I’ve got to give the Fed credit,” Summers said on Bloomberg Television’s Wall Street Week with David Westin on Friday. “While it wasn’t always obvious that this would be the case, they moved strongly enough and … Continue reading Summers Says Fed Recovered From ‘Egregious’ Inflation Mistake

Conversation with Francois Chollet and Mike Knoop on the $1 million ARC-AGI Prize they’re launching


https://open.substack.com/pub/dwarkesh “Okay, today, I have the pleasure to speak with Francois Chollet, who is an AI researcher at Google and creator of Keras. And he’s launching a prize in collaboration with Mike Knoop, the co-founder of Zapier, who we’ll also be talking to in a second, a million dollar prize to solve the ARC benchmark that he created. So first question, what is the ARC benchmark? And why do you even need this prize? Why won’t the biggest alum we have in a year be able to just saturate it? Sure. So ARC is intended as a kind of IQ … Continue reading Conversation with Francois Chollet and Mike Knoop on the $1 million ARC-AGI Prize they’re launching

AI timelines: What do experts in artificial intelligence expect for the future?


Many AI experts believe there is a real chance that human-level artificial intelligence will be developed within the next decades, and some believe that it will exist much sooner. By: Max Roser February 7, 2023 Cite this articleReuse our work freely Artificial intelligence (AI) that surpasses our own intelligence sounds like the stuff from science-fiction books or films. What do experts in the field of AI research think about such scenarios? Do they dismiss these ideas as fantasy, or are they taking such prospects seriously? A human-level AI would be a machine, or a network of machines, capable of carrying out … Continue reading AI timelines: What do experts in artificial intelligence expect for the future?

Future Republican administration proposes support for military AI development


The results of this proposed initiative is directly opposed to current US policy and EU/ British policy which are focussed solely on restrictions and managing risk. This approach dubbed mini Manhattan Projects are a positive and will encourage broadened AI development in such a key area as defence. It is highly positive for silicon valley companies such as Palantir (Peter Thiel). After repealing Biden’s AI order, draft would create “Manhattan Projects” for military AI BENJ EDWARDS –  7/17/2024, 10:44 AM Allies of former President Donald Trump have reportedly drafted a sweeping AI executive order that aims to boost military technology and reduce … Continue reading Future Republican administration proposes support for military AI development