I have used the analogy "Flash floods can destroy existing ponds, leaving less water after the flood recedes". This is the structural damage caused by flash floods. Financial bubbles (floods) are similar and they can have far ranging effects. When money pours into an industry too rapidly, it sucks resources, and can leave us with fewer capabilities than before, in other critical sectors that get neglected during the flood of money. There is a reason Intel needs help from TSMC now - for at least a generation now, the smartest talent in silicon valley did not go into fabs. No investor would touch that sector because no big exits. This is why financial bubbles are so damaging. And the longer a bubble lasts, the more structural (and cultural) damage it inflicts to more sectors. In the Indian context, the IT industry sucked all the oxygen for a long time, leading to impairment and neglect of capabilities in numerous other critical industries. We have to make up for lost time.

Splashdown confirmed! Congratulations to the entire SpaceX team on an exciting fourth flight test of Starship!

Elon Musk Is All That Stands In The Way Of Totalitarianism Last night, around 8 p.m. local time in São Paulo, Brazil, Federal Supreme Court Justice Alexandre de Moraes announced a criminal investigation into Elon Musk, the owner of X, formerly known as Twitter, for allegedly spreading disinformation, obstructing justice, and allowing people who De Moraes had banned from social media to freely express their views. De Moraes said he would fine X twenty thousand dollars per day for every banned person Musk allows to speak. As such, De Moraes has taken Brazil one step closer to being a dictatorship. What’s more, the events of the last few weeks make clear that Elon Musk is the only thing standing in the way of global totalitarianism. Without free speech, there can be no democracy. If X goes down, we must continue to fight. We can continue to communicate through email and other social media platforms, such as Facebook. But email is no substitute for social media platforms' capacity to share information with millions of people. Mark Zuckerberg, the owner of Facebook, abandoned his principled free speech position in 2020 after three years of relentless pressure from activist NGOs, Democrats, and corporate advertisers. Today, Facebook actively represses the spread of news. The mainstream corporate news media have never been more corrupt and totalitarian. With few exceptions, they spread government propaganda as a matter of policy. Nobody demands censorship more than the corporate media, which benefit from governments shutting down their competitors. Governments are either not protecting free speech or actively participating in the war upon it. Last month, the US Supreme Court held a hearing where justices made clear that they were fine with the US government pressuring social media companies to censor. Last week, the Scottish government implemented a law to crack down on so-called hate speech, including jokes by comedians. In Ireland, the government wants the power to send police into people’s homes to search computers and phones for hate speech. In Canada, the governing Liberal party wants the power to send people to prison for life for things they’ve said. And the European Union has empowered a tiny group of bureaucrats to decide what is true and false and engage in mass censorship. All of this is happening at the very same moment that my colleagues and I have revealed that government intelligence organizations are working through NGOs to interfere in elections by spreading disinformation about populist activists and political candidates. In other words, governments are demanding censorship in order to protect their ability to spread disinformation. Making matters worse, governments are directly financing corporate news media. The current Brazilian government is spending 30 times more than the previous government on media advertising in order to spread its disinformation. I never in my life thought I would live to see the rise of totalitarianism in Western countries. A powerful minority of educated elites around the world are demanding the censorship, persecution, and incarceration of their political enemies. Naturally, they are doing so in the name of saving democracy. I am shocked and embarrassed that I used to call many of these totalitarians friends and allies. The only explanation is that they are in the grip of mass psychosis after years of media propaganda and government disinformation falsely claiming that populist political movements are undemocratic. The fact that the future of free speech rests upon the shoulders of a single individual is not something any of us should want. I do not think that this is a responsibility Elon Musk wants. He would be a far richer person had he never bought Twitter. He would also be living a more peaceful life. After Musk bought Twitter, the Biden administration and the Democratic Party declared war on him. Various government agencies filed multiple frivolous lawsuits against Musk and his companies in ways very similar to the war the Brazilian government is waging against X. What all of this reveals is that, until Musk bought Twitter, we didn’t really have freedom of expression. The US government felt that it controlled both the corporate news media and social media companies. We saw in the Twitter Files that the FBI orchestrated a disinformation and censorship campaign in order to protect Joe Biden. Starting with the Cyber Threat Intelligence League, operatives working for the US Department of Defense and the British Ministry of Defense sought to hide their censorship and disinformation efforts as “cyber security.” After that, the US Department of Homeland Security and the Stanford Internet Observatory engaged in a mass censorship effort around the 2020 elections and Covid. It is today clear that intelligence and security agencies have been working together around the world to gain control over social media platforms in order to discredit, prosecute, and incarcerate populist leaders. The evidence is now overwhelming that the FBI and Secret Service are covering up evidence related to the January 6, 2021, Capitol riot in Washington DC. And there is still much we do not know about the eerily similar riot in Brazil’s capitol on January 8, 2023. There is much we need to do to fight back....

Reality check that shows @ChatGPT is dangerous,sinister, inhuman, cold and biased @Apple ‘A two-hour walking tour with ChatGPT: ‘I’d not suggest that to my worst enemy’ theguardian.com/travel/2023/…

“Hasn’t the internet always thrown a bunch of crap at us, including humans?” —Ron Baker on the hallucinations of ChatGPT @dougsleeter #AskTSOE @ronaldbaker @edkless

The paper clip problem. What is it and why would AI be hell bent on destroying us to make more paperclips? cepr.org/voxeu/columns/ai-an… @dougsleeter #AskTSOE @ronaldbaker @edkless