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...Honestly, we should have guessed we’d end up there somehow. But you can read the full thing yourself here....
...OpenAI, which runs ChatGPT, admitted the problem and fixed it quickly — which is perhaps the least you’d expect from a company recently valued at $80bn....
...Crypto craziness Kobus Steyn thought he’d found a whale of a client. Then his assignment turned from make-work to murder, the FT reports....
...I’d suggest Democrats focus more on how they, not Republicans, are trying to rein in corporations....
...Accenture’s Cyber Fusion Center, the US consultancy's cyber security R&D lab, used Facebook’s deepfake data set to develop a detection tool that uses different AI models analysing deepfake features, and...
...“I could have sold it or I could have had it in my store, but I’d much rather have a piece that people can look at completely differently in among other treasures.”...
...Kelton is an economic adviser to Bernie Sanders, who just spent a primary season listening to other Democrats ask him how he’d pay for his social plans....
...I thought I’d put my head down for just a moment and woke up significantly later, and did not pass my first level,” she says....
...By improving the quality of information on the effects of climate change, Mr Carney hopes to avoid a “Minsky moment”, akin to the subprime mortgage collapse in 2008, when complacent markets suddenly recognised...
...Your feedback I'd love to hear from you. You can email me on michael.mackenzie@ft.com and follow me on Twitter at @michaellachlan....
...This is a guest post by Yakov Feygin, associate director of the Future of Capitalism Programme at the Berggruen Institute, Ph.D. in economic history from the University of Pennsylvania in 2017....
...The two vice-chairmen currently in charge of R&D will resign and become advisers....
...the risk of a “Minsky Moment” for Chinese assets....
...At least one financial commentator has warned that a tax will cause the “Minsky moment” — when investor exuberance gives way to a sudden and sharp drop in asset prices — that Zhou Xiaochuan, former governor...
...What the papers say Some times are different, according to Christina D Romer and David H Romer....
...This applies especially to small enterprises, which increasingly lose their raison d’etre....
...He was an astute hoarder of hardware, much of it bought from the government; “[People would] go down to Minsky’s basement; they’d often find what they needed,” Prof Moses says....
...We also looked at the two busts by comparing the actual total return index against what you’d naively expect based on the preceding trends....
...If you underestimate the chances of that statement being true we’d refer you to the A-share market, oh, quite recently....
...It’d also be the equivalent of maintaining a market for perpetual floating-rate, risk-free notes — essentially a currency, with a variable amount of interest on top....
...That pic is from module two, which has just hit some Minsky, Kindleberger and the role of memory in financial crises....
...Hyman Minsky 38. This country’s experience of the recent financial crisis led to the implementation of capital controls....
...Of course, none of this precludes the possibility that the current expansion and bull market will end the same way as occurred in 2008, with a “Minsky moment” in a financial system that has reached too far...
...Whether the rollover announcement tells us much about how serious the government is about addressing the debt issue generally is debatable but we’d say… no. What happens next is more important....
...This was fundamentally a Minsky-Kindleberger long, mania-fuelled expansion....
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