Lessons from finance’s experience with artificial intelligence
Who are the earliest adopters of new technologies? Cutting-edge stuff tends to be expensive, meaning the answer is often the extremely rich. Early adopters also tend to be incentivised by cut-throat competition to look beyond the status quo. As such, there may be no group more likely to pick up new tools than the uber-rich […]
Private payrolls rose by 242,000, better than expected
Companies added jobs at a brisk pace in February as the U.S. labor market kept humming, payroll services firm ADP reported Wednesday. Private payrolls increased by 242,000 for the month, ahead of the Dow Jones estimate for 205,000 and well above the upwardly revised 119,000 jobs gain, from 106,000, in January. Wage growth decelerated slightly, […]
The Most Troubling in Mr. Murdoch’s Deposition
Progress in knowledge and ultimately in economic growth and prosperity requires some freedom of speech and some economic freedom; and the more of them, the better. This is not to say that these freedoms only have benefits, but that they have more advantages than drawbacks. The deposition of Rupert Murdoch in the defamation lawsuit of […]
