Exchange... An educational Journey of Gold and Modern Monetary Theory.

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Riding the AI tsunami

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In the ever-evolving landscape of technology, we often turn to wave analogies to describe the profound shifts that reshape our world. From the industrial revolution to the digital era, these waves have propelled us into new frontiers. Now, on the horizon, there's another wave building—the wave of generative AI, as envisioned by Mustafa Suleyman, the CEO and co-founder of Inflection AI and a venture partner at Greylock Partners. Suleyman, who previously co-founded the groundbreaking AI lab DeepMind, brings a wealth of experience and insight to the table. His new book, " The Coming Wave ," is poised to dive deep into the transformative potential of generative AI and what it means for our future. A Glimpse Into the Third Wave To put this wave in context, let's take a step back. In 1980, Alvin Toffler released " The Third Wave, " a book that painted a picture of a post-industrial society. Toffler's vision coined the term " Information Age " to desc...
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  Is History Doomed to Repeat Itself? People often quip that history is doomed to repeat itself.  The quote was originally coined from a book that was published back in 1905 by a philosopher named George Santayana. In  The Life of Reason: The Phases of Human Progress , the full version of the quote reads that those who cannot remember the past are condemned to repeat it.  And you know just as well as I do that people have poor memories today.  Two months ago, President Biden suspended some of the sanctions that had been placed on Venezuela’s oil sector.  It was a last-ditch effort to boost global oil supply and ease crude prices, which at the time had surged back towards $90 per barrel after the Oct. 7th attacks in Israel.  All the US asked for in return was for Maduro to hold free and fair elections in his country.  Well, good luck with that.  We talked a little about  the insanity of mending ties with Venezuela  a few months ago. ...
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