Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid

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...

Exit Taxes Won't Save Failing States Authored by Vance Ginn via TheDailyEconomy.org, When a state starts floating an exit tax, it is telling you something more important than any campaign slogan: the people running the place know their model is not working.  They may not say it that way. They will call it fairness, responsibility, or making the wealthy “pay what they owe.” But the meaning is the same.  If families, entrepreneurs, and investors are leaving, the state can either ask why its policies are pushing them out, or it can try to tax...

Inside Iran's Internet Access Black Market Amid 3-Week Wartime Blackout Via Middle East Eye Since the start of the US-Israeli war on Iran, Iranian authorities have sharply restricted access to the internet. According to NetBlocks, a group that monitors internet access worldwide, Iran has experienced a near-total blackout for 20 consecutive days. Connectivity has dropped to less than one percent. For those trying to access the internet, options are limited. Some rely on Starlink, which is not widely used. The equipment is expensive and difficult to import. Iranians also believe is easier for the authorities to detect. Others...