Presidential marketing 101? (Pure speculations, I’m sure.)
https://www.noahpinion.blog/p/your-memecoin-is-your-slush-fund
Your memecoin is your slush fund
Crypto is, in fact, about sending people money.
… Just before his inauguration, Donald Trump and his wife Melania launched a pair of cryptocurrencies, called TRUMP and MELANIA. The coins have both declined in value from their initial peaks, but their market capitalizations, as of this writing, are still around $7 billion and $800 million, respectively:
… But on the other hand, it is possible that TRUMP and MELANIA do have fundamental value. One simple way this could be true is if President Trump directs the federal government to buy his own memecoins with taxpayer money. He has already discussed the idea of creating a “strategic Bitcoin reserve” (i.e., using taxpayer money to buy Bitcoin). What if his reserve also bought a little bit of TRUMP and MELANIA? That would of course be incredibly corrupt, and in any well-functioning society it would be illegal. But in the age of Trump, who knows what will fly?
In fact, though, there’s another, much more plausible reason why TRUMP and MELANIA could actually have real, fundamental value. It’s because these coins allow people to give Donald Trump money without actually transferring him funds.
Suppose you wanted to buy a favor from Donald Trump, and he wanted to let you buy a favor from him. How could you do it? You can’t just pay him a giant bribe — that’s illegal. Maybe you could pledge him a bunch of cash for his presidential campaign. But there are campaign finance laws that will get in your way, and even if you succeed, he can only use the money for his campaign, not to buy yachts or whatever else he might like to use the money for.
Instead, what you can do is to buy a bunch of TRUMP or MELANIA. When you buy one of those memecoins, you increase the demand for the memecoin. Its price then goes up. T his makes Donald Trump richer, without any money actually having to change hands.
An interesting conflict.
https://www.ft.com/content/bdc2250f-fbd9-4c4a-98cf-42e389e5b6c0
Legal AI is reaching deep into the workplace
Technology allows companies to automate drafting of many contracts rather than relying on lawyers
Few industries appear to have more potential for disruption by artificial intelligence than the law. Like games such as Go, which DeepMind took on to demonstrate the power of neural networks, legal systems have sets of rules and precedents. Give an AI model enough data and it can pass its bar examination.
… Slaughter and May was among Luminance’s early investors, along with the late Mike Lynch’s Invoke Capital, and it initially focused on reforming how corporate law firms operate. They provide expensive due diligence for transactions such as mergers and acquisitions that involve junior lawyers sifting through thousands of documents. That sounds like a plum target for disruption.
But things have not quite worked out like that, so far. Much of the recent expansion in legal AI has come not from integrating the technology into law firms but automating the drafting of contracts by companies: Genie AI’s users include many smaller manufacturing and building companies. More than changing the legal industry, it is allowing corporations to do more legal work themselves.
For those keeping score…
Track the executive orders President Donald Trump signed on Day 1
… Here are all the executive orders Trump has signed so far.
Useful backgrounders?
https://www.weforum.org/publications/industries-in-the-intelligent-age-white-paper-series/
Industries in the Intelligent Age White Paper Series
Explore the AI Governance Alliance’s white paper series – Industries in the Intelligent Age. As artificial intelligence (AI) continues to evolve at an unprecedented pace, each paper in this series captures a unique perspective on AI – including a detailed snapshot of the landscape at the time of writing. Recognizing that ongoing shifts and advancements are already in motion, the aim is to continuously deepen and update the understanding of AI’s implications and applications through collaboration with the community of World Economic Forum partners and stakeholders engaged in AI strategy and implementation across organizations.
I find this amusing…
https://www.bespacific.com/wikenigma-an-encyclopedia-of-unknowns/
Wikenigma – an Encyclopedia of Unknowns
Wikenigma is a unique wiki-based resource specifically dedicated to documenting fundamental gaps in human knowledge. Listing scientific and academic questions to which no-one, anywhere, has yet been able to provide a definitive answer. [ 1139 so far ] That’s to say, a compendium of so-called ‘Known Unknowns’. All articles are open for registered users to contribute and edit.
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