Government Planning Doesn’t Fix Economies

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...

Pakistan’s Defense Minister Khawaja Mohammad Asif declared Friday that a state of “open war” exists between Pakistan and the neighboring nation of Afghanistan, following ever-growing tensions and cross-border raids. Pakistan has reportedly pounded major cities in Afghanistan in the escalation of the conflict. The attacks reportedly centered on major military centers of the Taliban government […]

QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes The already dismal LNG supply situation just got worse. With up to 20% of global LNG flows shuttered due to the ongoing blockade of the Hormuz Strait and the extensive damage of Qatar LNG infrastructure, QatarEnergy has declared force majeure on some of ⁠its long-term liquefied natural gas (LNG) supply contracts, including ‌for customers ⁠in Italy, Belgium, South Korea ⁠and China, effectively canceling contractual obligations. That would represent as many as 90 cargoes according to Bloomberg. The move on...