What Have You Learned In The Last 6 Hard Years?

Palantir Develops IRS Tool To Flag "Highest Value" Audits, Are Crypto Bros Next? Crypto bros and those of you with 'creative' accountants, heads up - the IRS is beefing up its ability to flag accounts for audits. Not only is this the first year that major US-based custodial crypto brokers are reporting gross proceeds to the agency, the IRS is getting aggressive elsewhere. Last year they paid Palantir $1.8 million to identify cases for audits, collections, and potential criminal investigations with a high probability of success. The contract was the latest...

How Will AI-Driven Automation Actually Affect Jobs? Authored by Alex Imas and Soumitra Shukla via Ghosts of Electricity, One of the most widely cited findings in AI policy comes from a 2023 paper by Eloundou, Manning, Mishkin, and Rock titled “GPTs are GPTs.” The title is a nice double meaning: the paper studies how general-purpose technologies (GPTs) powered by large language models (also GPTs) may reshape the labor market. The headline finding is that around 80% of U.S. workers could have at least 10% of their tasks affected by LLMs, and...

The head of US Southern Command (SOUTHCOM) made a surprise visit to Venezuela to meet with the interim government. “SOUTHCOM Commander Gen. Francis L. Donovan concluded a visit to Venezuela today for productive meetings with Venezuelan interim authorities,” a statement from SOUTHCOM posted on Thursday said. “SOUTHCOM is committed to advancing the National Security Strategy […]