Bloomberg reported that Nvidia Corp. Chief Executive Officer Jensen Wong admitted that he had an affair with a woman identified in a series of reports as a suspected Chinese spy, plunging the chip colossus into a crisis like none before in its three decades history.
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A miracle technology arrives. Early suppliers earn real profits because supply is short. Demand looks bottomless, which is obvious to everyone in the early numbers. The demand and profits pull in capital and competitors. Everyone builds at once, even those who see the glut coming, locking in commitments at scarcity prices just to get capacity online. Supply arrives, the technology gets better, and prices collapse. Capital loses, consumers win, and the technology chugs on.
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AGI is a much-debated term with a lot of potential definitions. For this post, I'll go with: 'an AI as good as most human experts at most intellectual tasks you can do with a computer.' This explicitly excludes a lot of human work, including interacting with the physical world and other people, as well as most actual jobs, where 'using a computer' is just one task among many.
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