Bloomberg: “Manish Chokhani…worries that companies are fated to be banyan trees. Deprived of the opportunity to grow tall by India’s structural inequalities, which leave more than a billion people outside the formal economy, they resort to growing wider, not taller, and turn into sprawling but shallow conglomerates with roots all over the place….If India ever wants to move on from an economy of banyan and bonsai trees, it has only two more decades in which to do it.”
WSJ: “It’s about to get much more difficult to spot writing generated by our three synthetic friends. Programmers are hard at work making the LLMs write much more like human writers. Models are moving away from simply predicting the next most logical word and are becoming systems that can reason, edit and refine their own work before you ever see it. Given the rapid rate of improvement, casual readers will find LLM text largely indistinguishable from human prose within two to three years, perhaps sooner. Professional editors and trained critics will have a longer window, probably four to six years before the tells become vanishingly subtle.”
FT: “Five ways demographics are transforming the world economy…Longer work lives are becoming more common…Populations are both shrinking and ageing…The increasing urgency of the AI productivity push…Welfare systems will struggle to evolve…Economic incentives will need to be rethought.”
Gina Raimondo: “I refuse to accept that an unemployment crisis is inevitable. The answer, however, isn’t to slow down A.I. innovation and leave ourselves less competitive and less prepared. Nor is generic reskilling that pushes people into completely new roles and industries. Instead, we should build a modern transition system with better data to predict job losses and new forms of support to help workers transition between jobs. What we need is a new grand bargain between the public and private sectors — one in which employers are held responsible for defining skills essential to the A.I. economy and for creating pathways into jobs and the government invests in the training, incentives and safety nets that help workers move quickly into them. The private sector has always been better positioned to see which new jobs are emerging, which skills matter and how quickly demand will shift. So this new bargain should start with businesses taking the lead and providing real-time, A.I.-powered insights into hiring plans, technology adoption and skill needs.”
