That is a 2 with 12 zeros, 2,000,000,000,000. Our federal government is spending about two trillion dollars more annually than it brings in revenue. At some point, something will happen, and I can’t imagine anything good coming out of that.
As it is now even though the interest rates have been lowered the bond rates, long term rates, have gone up. That is not good and we now have a fool and his clowns in charge of the insane assylum.
AI is coming for your job.
Suleyman predicted that rapid advances in AI development will completely change the way nearly every industry operates. He cited a 2023 study from consulting group McKinsey, which estimated roughly half of all “work activities” will become automated, starting as soon as 2030.
The ramifications of AI “will be hugely destabilizing for hundreds of millions who will, at the very least, need to re-skill and transition to new types of work,” Suleyman wrote. More than 400 million global workers could need to transition to new jobs or roles, according to McKinsey.
AI will “eliminate a lot of current jobs, [and] there will be classes of jobs that totally go away,” OpenAI CEO Sam Altman said in a May 2024 discussion with MIT President Sally Kornbluth.
To achieve that best-case scenario, humans need to embrace AI by learning to work with new technologies as they’re implemented in their daily lives and careers, Suleyman argued.
That could start with exploring free online AI services, like ChatGPT or other AI-powered large language models. More advanced options include taking online courses to learn AI skills like prompt engineering.
“This is a monumental challenge whose outcome will, without hyperbole, determine the quality and nature of day-to-day life in this century and beyond,” wrote Suleyman.