The Guardian (September 1)
“At this point, it should be clear that AI is a choose-your-own-adventure book where every option ends in disaster.” Despite the growing consensus that we need “to slow down, regulate or even put all of this on pause while we wrap our minds around it,” individual nations are “incentivised to run this foolish race,” The EU alone can pause the insanity. “The future of all chip-based technology is wholly dependent on ASML. A straight ban on exports of ASML’s machines would force the global AI industry to in effect tread water, to jog in place.”
Tags: AI, ASML, Ban, Chip-based technology, Consensus, Dependent, Disaster, EU, Foolish race, Future, Incentivised, Insanity, Nations, Pause, Regulate, Slow down
Fortune (April 14)
“President Donald Trump’s trade war with China could lead to the end of globalization. But it’s not a certainty that the U.S. will emerge as the victor in the new economic world order.” Goldman Sachs posits “the U.S. may find it’s more reliant on China than the other way around.” Chinese imports account for 14% of total U.S. imports. Meanwhile, U.S. exports to China make up only 6% of total Chinese imports. The U.S. is also highly dependent on $158 billion worth of Chinese imports, whereas China’s relies highly on the U.S. for only $14 billion worth of goods. In these cases, the highly dependent import goods account for 70% or more of the market.
Tags: $14 billion, $158 billion, China, Dependent, Economic, Globalization, Goldman Sachs, Goods, Imports, Market, Trade war, Trump, U.S., Victor, World order
Bloomberg (May 31)
“Power-hungry, fossil-fuel dependent Japan has successfully tested a system that could provide a constant, steady form of renewable energy, regardless of the wind or the sun.” The Kairyu prototype is designed to harness the Kuroshio current. “The advantage of ocean currents is their stability. They flow with little fluctuation in speed and direction, giving them a capacity factor…of 50-70%, compared with around 29% for onshore wind and 15% for solar.”
Tags: Capacity factor, Dependent, Energy, Fossil fuel, Japan, Kairyu, Kuroshio current, Ocean, Power-hungry, Prototype, Renewable, Solar, Steady, Tested, Wind
New York Times (November 29)
“The recent market turmoil shows how dependent the economy is on the path of the pandemic, and how quickly sentiment can change with every twist and turn in our understanding of the virus.”
Tags: Change, Dependent, Economy, Market, Pandemic, Recent, Sentiment, Turmoil, Twist and turn, Virus
Forbes (June 16)
Putin’s oil deal with China should hardly rate a footnote. It amounts to “an annual average of $13 billion.” And rather than being a groundbreaking strategic alliance, “the deal with China underscores Russia’s core weakness. Despite its immense resources and highly educated population… Russia has a shockingly small economy that is amazingly dependent on the export of oil, gas and a few other natural resources.”
Tags: China, Deal, Dependent, Economy, Export, Gas, Natural resources, Oil, Putin, Resources, Strategic alliance, Weakness
Forbes (February 10, 2014)
“Beijing is becoming more dependent on the U.S. and the rest of the world for its strength and prosperity.” Though it may be the largest holder of U.S. Treasuries, this is not a sign of strength. “The idea that a government gains strength by piling up dollars or other foreign currencies is a mercantilist holdover from the 16th to 18th centuries, when France, Spain and others thought amassing gold and silver was how a country became wealthy. Trade, not hoarding, makes for a powerful economy.”
Tags: Beijing, China, Currencies, Dependent, Dollars, Economy, France, Gold, Government, Hoarding, Mercantilist, Prosperity, Silver, Spain, Strength, Trade, U.S. Treasuries, Wealth
