Just going to leave this here…

You don’t have to love Elon Musk to recognize what this headline says about us. A country that spends more time criticizing wealth creation than encouraging it sends a clear message to builders: your success is tolerated, not celebrated. Canada should be the best place in the world to build ambitious companies. Headlines like this make us look like we’re not quite ready for that.

You have absolutely disgraced yourself publishing this, globe. We all clearly don’t hate the media enough.

Amen. Increasing returns to adaptation. #PhenotypicPlasticity

"There are many possible futures. We'll get the one we deserve." That was the topic. The discussion at @creativedlab Super Session will be posted on the interwebs soon. @kyliu99 @suzannegildert @sineadbovell @shivon

June morning @uoft

Saturday morning @uoft

When electricity arrived, factory owners ripped out the steam engine and dropped in one big electric motor. Same belts, same shafts, same cramped layout huddled around a single power source. Productivity gains were almost nil, and economists spent decades wondering where the revolution went. The payoff came when someone realized each machine could have its own motor. Suddenly you didn’t need to cluster around the engine: you could spread out, arrange machines in the order the work actually flowed, and build single-story plants with light from the windows. That took nearly 40 years. @professor_ajay, @avicgoldfarb & @joshgans describe this in the very opening of their book on AI.

The syllabus of my new IESE Business School MBA elective "Economics of Transformative AI" is up for bidding. The course takes the approach to TAI spearheaded by the brilliant @professor_ajay, @erikbryn and @akorinek in their recent NBER workshop and volume.

Morning photo ops @uoft

Morning bride @uoft

Cherry blossoms @UofT. Carpe diem.

Hot off the @mitpress. Note - this is a scholarly book; it's not user friendly for direct application by entrepreneurs; only if you want to get under the hood and into the underlying theory

Strong correlation between amount of compute allocated per paper and quality => substantial improvements likely as AI costs decrease (Nature, Mar 2026) @jeffclune

Near end-to-end automation of AI research -> as models improve over time, paper quality increased correspondingly (Nature, Mar 2026) @jeffclune

Decisions have two components: prediction and judgement. AIs do prediction. But they don’t have judgment. Only people have judgment. Here are the trade offs from a recent decision: revenue and freedom versus public health and its family and community knock on effects. Alberta will open up its online gambling market to private sportsbooks and casinos on July 13, following in the footsteps of Ontario, which opened up its online gambling market in 2022.  Similar to Ontario, the Alberta government will take a 20% cut of the revenue that operators like DraftKings and FanDuel bring in from bettors in the province. 
 In every other province and territory, private sportsbooks and casinos are banned, with online gambling limited to government-run lottery platforms. Why it matters: Ontario has brought in $2 billion in revenue since opening its doors to online sportsbooks and casinos, but it's also seen a 300% spike in young men calling its mental health hotline for gambling issues. Alberta will now face the same challenge of balancing the financial windfall of open betting with the issues it's proven to spark.  Studies have found that in areas where online betting is legal, average credit scores dropped and the likelihood of filing for bankruptcy increased by 25% to 30% after four years of legalization. Reporting from @readthepeak

Funny! until a child falls on the tracks and he exercises his judgement in a rescue effort saving a life.

Our first AI conference volume is the 2018 spike.