We still need non-artificial intelligence? Who’da guessed!
https://sloanreview.mit.edu/article/how-ai-helps-the-best-and-hurts-the-rest/
How AI Helps the Best and Hurts the Rest
Can generative AI serve as an on-demand business adviser? A field experiment with hundreds of small business owners in Kenya found that AI access boosted revenues and profits by 15% for high performers — but caused a nearly 10% decline for those who had already been struggling. The culprit: Weaker performers followed generic or misleading AI advice because they lacked the judgment to filter it out. Leaders deploying AI at scale must design their rollouts carefully to avoid widening performance gaps.
Nothing fishy here! Move along.
https://uk.finance.yahoo.com/news/somebody-keeps-betting-hundreds-millions-103004349.html
Somebody Keeps Betting Hundreds of Millions on Trump's Next Iran Post. They Keep Winning. Megyn Kelly Wants to Know Who
… On Saturday, March 21, Trump posted on Truth Social that he would "obliterate" Iran's power plants unless Iran reopened the Strait of Hormuz within 48 hours. That deadline landed Monday morning.
Oil markets braced. Strikes on energy infrastructure would spike crude prices — more expensive gas at the pump, jittery stock markets, a financial shock across every 401(k) in the country.
At 6:49 a.m. Monday, someone placed a massive bet that none of that would happen.
In a single minute, whoever it was sold roughly half a billion dollars' worth of oil contracts — a bet that oil would soon get cheaper, not more expensive. Simultaneously, they bought stock futures — a bet that the market would rally. That minute saw nine times the normal trading activity for that time of day. There was no public news to explain any of it.
If Trump had gone through with the strikes at his own deadline, the bet would have blown up. Oil would have spiked. Stocks would have dropped. Whoever placed the trade could have lost hundreds of millions within minutes.
Just after 7 a.m., Trump posted that he was calling off the strikes.
Oil prices crashed more than 10%. Stock futures jumped more than 2.5%. The Dow closed up more than 1,000 points. Whoever placed the bets won on both sides.
War is an economic event…
Ukraine cut Russia’s oil exports by 880,000 barrels in one day — that’s $100 million every 24 hours
No comments:
Post a Comment