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In November 1962, Soviet Premier Nikita Khrushchev addressed the Central Committee plenum to vent his frustration over the glaring distortions created by the state’s central economic planning. His chief complaint concerned a metric known as val—gross industrial output measured by weight or volume. Lighting factories faced production quotas based on sheer tonnage, rather than quality … Deregulation by the Ton: The FRA’s Heavy Paperwork and Lightweight Relief
Your laptop’s memory has a job even when it isn’t working: being ready when you are. Sam Altman, CEO of OpenAI, the company behind ChatGPT, seems concerned about its work ethic. Altman made the case during an Oct. 29 appearance on Cheeky Pint, the podcast hosted by Stripe co-founder John Collison. They were discussing why … Altman’s Memory Problem: The Importance of Being Idle
Big Tech is spending a fortune to secure a future that competition regulators seem to think it already owns. Investors aren’t so sure. They’re losing patience with the industry’s artificial intelligence (AI) bill—and questioning what all that spending will buy. Alphabet shares sank more than 12% last Thursday—the company’s worst trading day on record—after both … AI Is Picking the Locks on Europe’s Gatekeeper Rules
