WSJ: “Should AI become far cheaper to deploy, the so-called Jevons paradox, named after a 19th-century economist, would likely take hold. That would mean people respond to lower costs simply by using the technology more, eating up just as much if not more computing power. That is one reason chip companies have largely welcomed open-weight models.”
Ajay Shah: “The transition away from some price controls was a milestone in Indian economic history. It was achieved by looking past narrow desires in price control, and understanding the consequences of price controls for Indian economic growth. The management of the dollar/rupee exchange rate requires the same maturity. The costs encompass fiscal burdens, inflation volatility, stunted financial markets, systemic risk, and degraded state capability. Exchange-rate policy is not a narrow concern of monetary-policy strategy. It is a fundamental choice about the broader economic-growth strategy. India requires a modern financial system, a capable state with high accountability, and a private sector focused on innovation rather than government arbitrage. The path to Indian economic success begins with a full reckoning of the costs of exchange-rate management.”
Technology Review: “Transformers are starting to show their age. Many of the recent advances in LLMs, such as the development of so-called reasoning models and their ability to handle large amounts of input at once, are not neat extensions of that core technology but workarounds that patch over some of its fundamental flaws. A growing number of scientists and engineers are now asking what’s coming next. LLMs are not going anywhere, but the way they get built is up for grabs.”
WSJ: “Something inherent in the human psyche still pushes us fiercely toward the rabbit warrens of outlier theories. Mythmaking is still a large part of how people understand the world, even if they now apply it to suspicions about the powerful institutions and advanced systems they no longer trust…A well-read person grows body armor against the rigid conspiracy theorist, against flat artificial intelligence that manipulates without emotion. It is no coincidence that humanity shot forward when Gutenberg invented his printing press. Books are super fuel for the human mind, the mightiest intellect on earth. And right now, that intellect needs all the collective nutrition it can find.”
