The future does not need us, and apparently, we don’t need it either. The future isn’t what it used to be. Humankind evolved to have a long-term view, either from religious teachings, the seasons, empires, and epoques, beyond the temporal spaces of our lifetimes. …

In crisis there is opportunity. The infrastructure of modern society — utilities, telecom systems, energy systems, highways, and other components — is essential for global economic development, unavoidable, demanded by many, pose insurmountable obstacles, and is poised at the edge of transformational change. They Want What We Have Emerging economies…

Essential Wisdom Lost Who needs economics? The post-WWII New World order established by America and Europe was guided by a simple philosophy. Open markets, free global trade, and limited state interference would lead to greater shared prosperity. Hardly a mention of industrial policy or a whiff of state intervention. It…

When Theory Becomes Reality Stunning capabilities are emerging from large language models like GPT 4 that, until very recently, were thought to be only theoretical. We could never have the data sets or the processing power to generate real and usable results. Well, all that has changed — rather suddenly. …

In this video, I present the case for optimism. Isolationism, fragmentation, and pessimism always fail. Globalization has been everyone’s favorite punching bag for a while. It is hard to feel optimistic about its prospects. However, globalization has a better future. Cooperation, integration, and comparative advantage win in the end. It is time to be optimistic once again.

Artificial intelligence is disruptive and transformational — when applied within narrow and specific parameters. But it is not intelligence.

Our most challenging problems cannot be solved simply with behavior modification, conservation, or even existing technology. Only new, innovative solutions can address our most difficult challenges. Basic scientific discovery, enterprise-based innovation, commercial discipline, and competition are the only viable solutions. Innovation, creativity, and competitive dynamics create the most effective innovations, the best solutions, and the most sustainable companies.

Margin Call versus The Big Fix People are analyzing Silicon Valley Bank’s failure as a simple mismatching of cash flows and obligations. Silicon Valley Bank had long-term debt paying low fixed rates, and as their funding cost rose, they were losing money. Then, when companies needed additional liquidity, they had…

Nicholas Mitsakos Artificial General Intelligence Is a False Promise Artificial intelligence is disrupting all software and services — when applied within narrow and specific parameters. It performs useful tasks and provides meaningful information for decision-makers but within well-defined data sets. AI still has significant limitations, and large language artificial general…