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June 20, 2024
Yesterday the silicon chip platform company Nvidia became the most valuable public company in the US, surpassing Microsoft: Nvidia became the U.S.’s most valuable listed company Tuesday thanks to the demand for its artificial-intelligence chips, leading a tech boom that brings back memories from around the start of this century. Nvidia’s chips have been the workhorses of…
June 20, 2024
Twenty years ago, Michael Shellenberger and Ted Nordhaus “dropped” (in Ted’s words) an essay at the annual meeting of the Environmental Grantmakers Association titled, The Death of Environmentalism (DoE). The DoE prompted a vigorous debate about environmentalism in the United States that continues today. Here is how the New York Times characterized the reaction to the essay in 2005: The…
June 18, 2024
A couple weeks back, Tim Lee, the author of the Understanding AI Substack, put out the following plea on X: “I really wish there were more economists involved in discussions of the implications of superintelligence.” He added, “The most obvious example is people predicting mass unemployment without thinking through the impact of high productivity on fiscal and monetary…
June 17, 2024
Shortly after my paper Scientific integrity and U.S. “Billion Dollar Disasters” was accepted for publication, I was tipped off to a public but unnamed and well-hidden directory on the website of the National Oceanic and Atmospheric Administration (NOAA) that contained 17 (now 18) of the most recent versions of the “billion dollar disaster” (BDD) tabulation, dating to March 2020….
June 17, 2024
Apple unveiled at its World Wide Developers Conference (WWDC24) Private Cloud Compute, or PPC, last Monday as a new way to manage the technical possibilities around security and privacy in cloud computing and artificial intelligence. This new cloud intelligence system is designed to prioritize privacy features that were previously limited to devices and will now be available…
June 11, 2024
Tim Lee, the author of the excellent Understanding AI Substack, recently took to X with a plea: “I really wish there were more economists involved in discussions of the implications of superintelligence.” He continued: The most obvious example is people predicting mass unemployment without thinking through the impact of high productivity on fiscal and monetary policy. There are…
June 10, 2024
Scenarios are fundamental to climate research and policy. As THB readers know better than most everyone, for years climate science and policy have been off trackin relying heavily on an outdated extreme emissions scenario called RCP8.5, one of four RCP scenarios developed starting almost two decades ago.(1) Some in the climate science community, though slow out of the…
June 6, 2024
In today’s complex business environment, being a CEO is akin to playing three-dimensional chess. Markets and supply chains are constantly disrupted by global conflicts, financial markets remain volatile, and AI is transforming industries at a breakneck pace, not to mention the shifting political winds and declining public trust in institutions. Despite these complexities, the Biden administration is…
June 6, 2024
“When I talk about energy, I am talking about jobs. Our American economy runs on energy—no energy, no jobs. In the long run, it is just that simple.” President Gerald Ford, 1975 Following the passage of the Energy Policy and Conservation Act of 1975, House Majority Leader Thomas “Tip” O’Neill (D-MA) drolly observed, “It is extremely difficult…
June 4, 2024
The chip manufacturer Nvidia reported its first-quarter earnings last week—and it was another blockbuster. For the first three months of 2024, Nvidia booked $26 billion in revenue, up 18 percent from the last quarter of 2023 and up 262 percent year over year. Nvidia’s stock price has more than tripled in the past 12 months, sending its…