Veronique de Rugy: “The best job-creation policy is a strong economy. The government should be content to create a level playing field with transparent rules and strong protection of property and contract rights. Of course, it should also supply public goods like infrastructure and ensure a stable legal system. Be wary of those who push industrial policy as a means of job creation. It’s a short-sighted approach that distracts us from the more important question, which is whether hindering the market allocation of resources is truly justified for national security or other valid reasons.”
The Verge: “A search engine is both an enormously complex thing and a fairly simple idea. All a search engine is doing, really, is compiling a database of webpages — known as the “search index” — then looking through that database every time you issue a query and serving the best and most relevant set of those pages. That’s the whole job. At every tiny step of that journey, though, there are huge complications that require critical and complex tradeoffs. Most of them boil down to two things: time and money. Even if you could hypothetically build a constantly updating database of all of the untold billions of pages on the internet, the storage and bandwidth costs alone would bankrupt practically any company on the planet. And that’s not even counting the cost of searching that database millions or billions of times a day. Add in the fact that every millisecond matters — Google still advertises how long every query took at the top of your results — and you don’t have time to look over the whole database, anyway.”
FT: “Since it launched the wildly successful Indian Premier League tournament in 2008, India has brought unparalleled riches to the sport. Its teams now attract the world’s best players and have bought up new international franchises. The country’s governing body, the Board of Control for Cricket in India, dominates global decision making and takes a larger share of global revenues than England and Australia combined. India is even influencing how the game is played, with test teams such as England increasingly adopting crowd-pleasing, aggressive playing styles that fans trace back to the IPL’s shorter, fast-paced Twenty20 format. “India’s influence in global cricket cannot be overstated,” said Arun Dhumal, the IPL’s chair and a former BCCI executive. “The IPL has been a game-changer not only for Indian cricket but also for world cricket, in terms of the traction it has generated with fans across the globe, in terms of the financial bandwidth . . . It has been phenomenal.””
Omar Shams on the AI organisation: “Right now we’re hand-designing information flows and team structure. Instead, let’s use LLMs to share information between teams and help route important work to the right people. LLMs can summarize what work everyone does in an organization by parsing over their code, messages, and documents. LLMs in conjunction with other AI techniques can also identify common problems in an organization and rank them by severity. These models can then group the work of each team member by reviewing their code, messages, and documents, providing a comprehensive summary of their roles. We can then route important information to the right people in the organization who have the relevant expertise. This way of organizing information effectively forms dynamic ‘flash’ teams that cut across traditional organizational boundaries. By training LLMs on company code/docs and/or embedding company code/docs in a vector space we can capture institutional knowledge (‘tribal knowledge’) and spread it around the organization and safeguard it against loss due to personnel changes.”