Let’s not make the same mistakes with AI that we made with social media

The reason for these outcomes is structural. The network effects of tech platforms push a few firms to become dominant, and lock-in ensures their continued dominance. The incentives in the tech sector are so spectacularly, blindingly powerful that they have enabled six megacorporations (Amazon, Apple, Google, Facebook parent Meta, Microsoft, and Nvidia) to command a […]

LockBit ransomware affiliate gets four years in jail, to pay $860k

Russian-Canadian cybercriminal Mikhail Vasiliev has been sentenced to four years in prison by an Ontario court for his involvement in the LockBit ransomware operation. Vasiliev was arrested in November 2022 and pleaded guilty to eight charges in February 2024, including cyber extortion, mischief, and weapons offenses. The man was a key member of the notorious LockBit ransomware […]

Bitcoin ETFs See Record $1 Billion Inflows, Price Hits News ATH

Yesterday, the Bitcoin price journey resembled a high-intensity rollercoaster ride, initially soaring past the $73,000 mark before encountering a tumultuous liquidation event. This event saw over $361 million worth of leveraged trades unwound, compelling the BTC price to retract sharply to below $68,300. The drastic price fluctuation primarily affected long position holders—investors who speculated on […]

AI in a Free Society –

In A Long View on Artificial Intelligence, my friend Rachel Lomasky makes the points that I have long tried to make, far better than I have done. She notes that the innovation and efficiency gained from AI will be like nothing we have ever seen. I agree with her completely. Even Alan Turing, a genius […]

The Doom and Gloom Assumes a Costume of Plume—The Insurance Industry Needs to Stop Being So Negative and Watch Out for Its Customers

Self-appointed insurance industry spokesperson, the very capable attorney Steve Badger, made the following comment about Monday’s Colorado Supreme Court decision: A very unfortunate outcome-oriented decision today out of the Colorado Supreme Court applying the notice-prejudice rule to property insurance policies despite the policies having a one year notice of claim requirement. Faced with such a […]

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