Sound familiar?
https://thedailyeconomy.org/article/how-did-108-economists-predict-mileis-results-exactly-wrong/
How Did 108 Economists Predict Milei’s Results Exactly Wrong?
In November 2023, the warning came, as clear as an omen.
A political upstart was seeking office and, if elected, his policies were likely to cause “devastation” in his own country and “severely reduce policy space in the long run.”
The threat was a chainsaw-wielding disciple of Austrian economics from Argentina who embraced laissez-faire economics. The predictions of doom came not from Old Testament prophets, but 108 economists who signed a public letter saying his anachronistic ideas had long ago been discredited.
… On November 19, voters elected as their next president the wild-haired Milei, who defeated his Peronist opponent by a ten-point margin. Milei was inaugurated on December 10 and wasted little time implementing his laissez-faire agenda, which included an immediate five-percent (chainsaw) slash in government spending.
More reforms followed.
Public work programs were put on hold, welfare programs were slashed, and subsidies were eliminated. State-owned companies were privatized and hundreds of regulations were cut. Tax codes were simplified and levies on exports were lifted or reduced. Labor laws were relaxed. The number of government ministries was reduced from 18 to 9 (¡afuera!) and a job freeze was implemented on federal positions. Tens of thousands of public employees were given pink slips.
On the monetary side, the currency was sharply devalued and the central bank was ordered to halt its money-printing.
Worth a try?
Perplexity just made AI research crazy cheap—what that means for the industry
… Perplexity offers five free queries daily to all users. Pro subscribers pay $20 monthly for 500 daily queries and faster processing — a price point that could force larger AI companies to explain why their services cost up to 100 times more.
Employees will try any tool that looks like it will help, without much concern for possible negatives.
https://www.bbc.com/news/articles/cglyjn7le2ko
Law firm restricts AI after 'significant' staff use
An international law firm has blocked general access to several artificial intelligence (AI) tools after it found a "significant increase in usage" by its staff.
In an email seen by the BBC, a senior director of Hill Dickinson, which employs more than a thousand people across the world, warned staff of the use of AI tools.
The firm said much of the usage was not in line with its AI policy, and going forward the firm would only allow staff to access the tools via a request process.
… In the email, Hill Dickinson's chief technology officer said the law firm had detected more than 32,000 hits to the popular chatbot ChatGPT over a seven-day period in January and February.
During the same timeframe, there were also more than 3,000 hits to the Chinese AI service DeepSeek, which was recently banned from Australian government devices over security concerns.
It also highlighted almost 50,000 hits to Grammarly, the writing assistance tool.
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