Explaining some Finance 101 Level while maintaining the Gondinero Index

Some thougts on AI and stupidity

Her (Sarah Friar, OpenAI’s chief financial officer) comments set off concern amid rising unease over whether an industrywide A.I. spending frenzy can be sustained. OpenAI, Meta, Google, Microsoft and other A.I. companies are pouring billions of dollars into building data centers and related infrastructure to power the development of the technology, with some of the companies increasingly turning to creative financing deals to fund the expansions.

…in combination with…

Welcome to the era of “brain rot,” the slang term to describe a deteriorated mental state from engaging with low-quality internet content. … Researchers worry that evidence is mounting of a potent link between lower cognitive performance and A.I and social media. In addition to recent studies that found a correlation between the use of A.I. tools and cognitive decline, a new study led by pediatricians found that social media use was associated with poorer performance among children taking reading, memory and language tests.

… let me think whether we fund our own stupidity with stupid financial instruments.

If only the guys who create those stupid financial instruments would suffer from their stupidity. But no, those guys aren’t stupid but count on the stupidity of the people who follow them. And those guys are successful and get rich while the followers suffer.

And the best finance and investment teacher goes quietly. I learned a lot from him and am greatful having him as a person of my time:

https://on.ft.com/485jaxE

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