How Generative Pre-Training (GPT) Will Transform the Economy

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Writing is hard and time consuming. Thanks to ChatGPT, it just became far easier and faster. Rudimentary chat bots have been writing simple articles, such as sports game summaries, for years. ChatGPT, from artificial intelligence supernova OpenAI, leaps far beyond through its vast search of billions of internet texts and its ability to generate passable prose based on prompts and questions. …

The Microchip Renaissance Needs More Than Money

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See our latest in The Hill: The Microchip Renaissance Needs More Than Money  “The United States is pouring money into microchips, but will this fix the supply chain problem? The newly-passed CHIPS Act provides more than $75 billion for advanced fabrication of microchips in the U.S. and is the centerpiece of a strategic effort to boost domestic high-tech manufacturing. “Money alone, however, is not …

Not-So-Stranded Assets

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The economic and geopolitical poverty of ESG The world scrambles for oil, gas, and coal. With inflation, prices soar. Consumers struggle to keep up. Hydrocarbon energy firms, meanwhile, enjoy giant bumps in profits and stock market value.  If you took the advice of the world’s largest financial firm, however, you were ill-prepared for these events. Over the last half-decade, BlackRock, …

Is there Web3 life beyond the crypto crash?

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Bitcoin and ether, the largest and most established cryptocurrencies, have plunged around 60 percent from their highs last November. Bitcoin now trades at around $29,000 and ether at $1,950. There is chaos and depression across the world of coins, tokens, and non-fungible tokens (NFTs)—so much that my college-age daughter called me last week to ask, “What’s up with the crypto …

A Pandemic Pivot Point: The Counterintuitive Dynamics of Covid-19

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How over-vaccination drives the pandemic. The power of innate and recovered immunity. The early treatment solution. The unwisdom of vaccinating young people. See our new report offering a new Covid-19 strategy. We describe the complex evolutionary dynamics of the virus. [Newly salient with the emergence of the Omicron B.1.1.529 variant in South Africa.] We show how well-intended mass vaccination exerts …