Mind Matters Natural and Artificial Intelligence News and Analysis

CategoryBusiness and Finance

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A hand is typing on a laptop keyboard with colorful lines and numbers. Concept of creativity and innovation, as the hand is using the keyboard to input data or code

Are AI Developers As Smart As They Are Made Out To Be?

My confidence in the intelligence of AI developers was shaken by two recent events

Many commentators seem to have forgotten Goodhart’s Law: When a measure becomes a target, it ceases to be a good measure.

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tree monument valley - usa

Is OpenAI Approaching the Valley of Death?

Overpromising is still a big problem; in any event, the fate of Netscape looms

OpenAI needs to show that ChatGPT is more than just the first publicly available LLM. It has not done that and maybe never will.

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AI Global Network: A Blue Vision of Future Technology

The Generative AI Bubble Has Begun to Pop

From hype to hard realities in the age of artificial intelligence

Recently, talk of a bubble has increased as it has become clear that OpenAI, and likely other AI software companies, may never become profitable.

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Businessman use artificial intelligence AI technology for enhanced work efficiency data analysis and efficient tools, Unlocking work potential with AI solutions chatbot help solve work problems.

Straight Talk About AI From a Valley Tech Exec

Microsoft vice-president Uli Homann lays out what it can — and can’t — really do for you

In Homann’s view, AI is best seen as “autocomplete with ambition.” But that doesn’t mean it can’t be quite useful.

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Protecting Balance Between Percentage And House Model

Home Ownership: Madness Over 30-Year Mortgages

It is tempting to put borrowing and investment decisions in separate mental buckets, but they are intimately related

When considering a mortgage, the correct comparison is not total payments but the return on the borrowed money versus the loan’s annual percentage rate.

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Close-up of a silicon wafer on a circuit board.

George Gilder: Wafer Scale Tech Will Have Smartphone’s Impact

However, in his COSM 2025 fireside chat with bestselling author Andrew Mayne, he conceded that it is a disruptive technology and many are hesitant to make the leap

Mayne noted that many college students today are more entrepreneurial-minded than in the past. They’re turning their anxiety about the future into productivity.

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City skyline, shrouded in a thick layer of fog. Elevated aerial view reveals numerous high-rise buildings emerging from a dense cloud cover. A clear, pale blue sky is visible above the clouds

A Lack of Transparency Threatens AI — and the American Economy

Even the Wall Street Journal does not appear to understand the nature of the looming problems

AI software startups should be required to release audited numbers so that we can at least understand the current state of the AI economy.

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The skill to dissect complex data, recognize patterns, and make logical decisions based on relationships and cause-effect.

Illusions: No, Large Language Models Do Not Understand

A recent New Yorker article is mistaken about this. For one thing, the LLMs have trouble distinguishing between causation and mere correlation

A real-world example of such struggles is the poor performance, in general, of AI-powered mutual funds.

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spacecraft orbiting the Moon with Earth glowing in the background. Stunning view of space exploration, lunar surface, and advanced satellite technology in outer space

Space travel: The future is slowly becoming everyday reality

Catch the vibe at COSM 2025. Oh, and we’ll also be talking about the national debt…

Relativity Space likes to call itself a “customer-centric rocket company.” When we hear a tag line like that, we know times have changed.

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Facial recognition technology to monitor the population on busy street. Generative AI

The Real Threat AI Poses to Us Is Created by Widespread Abuse

In If Anyone Builds It, Yudkowsky and Soares are not really grappling with this problem

The authors really believe in AI doom. Soares has stopped contributing to a retirement plan. I show that the serious problem is NOT superintelligence.

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Glowing blue large question mark, digital network design, abstract concept, symbolizes inquiry, problem-solving, technology, innovation, digital future

COSM 2025 Talk: Where Are We With AI Right Now? Really.

Recent developments should focus attention on Uli Homann's talk

Just as the AI industry is becoming more analytical and realistic about how best to use AI, some users are falling in love with chatbots. We need to know more.

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60 40 Strategy Money Savings Investment Mix Ratio Stocks Bonds 3d Illustration

For a Sounder Approach to Investment: Deep-Six the 60/40 Rule

Sometimes, good decisions require more than blindly accepting advice from humans as well as computers!

The conventional belief that a sound investment portfolio should be 60% stocks and 40% bonds does not stand up to careful scrutiny.

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Blue and purple neon 3d sphere of gradient waves and glowing particles. Abstract technology concept, Artificial Intelligence, engineering, big data, and innovations. Vibrant futuristic sphere.

Different Bubbles, Different Methods of Detection: What of AI?

Circular financing is one of the signs. Even the media are beginning to catch on

Circular financing is the last gasp for OpenAI and the cloud services. They need it to maintain the mirage of an economic boom despite big losses and small revenues for AI software.

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Drowning in debt as bank crises loom over an ocean of currency beneath stormy skies

COSM 2025: Publisher Steve Forbes’ Take On National Debt Crisis

He will be one of the participants in a panel discussion on That Unpleasant Subject at COSM 2025 in Scottsdale, Arizona, in November this year

Two other panelists are Chapman University’s Mark Skousen and John Tamny, author of The Deficit Delusion (2025). George Gilder will moderate.

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Technology Digital Data Abstract Background, Data Analysis and Access to Digital Data, Digital Cyberspace with Particles and Digital Data Network Connections, 3D Rendering

AI Will Keep Hallucinating, says OpenAI

AI will always need human guidance.

LLMs, while they seem to offer confident answers, cannot reflect on what they’re generating and so can’t wisely discern truth from falsehood.

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pink piggy bank floats on water drowning about to sink concept of investment failure budget issue financial risk debt problem bankruptcy economy crisis.stock photo, created with generative ai

Why OpenAI Will Collapse: LLMs Are Not Economical

If a model is not refreshed every few months, it quickly turns from a helpful assistant into a debt generation machine with outdated knowledge

Companies can apply OpenAI’s models to a limited set of data and questions, creating a smaller model that is cheaper to train, update, and run.

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Bearded businessman in a suit looking surprised

A Realistic Direction for Artificial General Intelligence Today

Based on GPT5's performance to date, it would make a superb substitute for a mansplainer I know of — call him Brock

The fundamental problem remains; models like GPT-5 are hobbled by their inherent inability to relate the text they input and output to the real world.

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Environment Law Green World and gavel with scales of justice on the green law for principles of sustainable environmental conservation law that governs how humans interact with their e : Generative AI

Should ‘Nature’ Own Stock in Companies?

Which aspect of nature would be in control? Flora? Fauna? Geological features? Mosquitoes?

The question of whether nature should own stock is ridiculous on its face. But that doesn’t stop environmental radicals from furthering that cause. Indeed, at least one privately held company has put “nature” on its board of directors. Now, a leading New Zealand law firm Parry Field — which represents nonprofit organizations — has published a paper urging that “nature” become an owner of companies. The author, one of the partners, named Steven Moe, goes wrong right off the bat. From “Nature as a Shareholder“: When speaking, I often hold up an apple and ask what the potential is — maybe an apple pie, sliced into a salad, or perhaps some apple cider? No — the true potential are the seeds inside which Read More ›

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AI Generated. AI Generative. Amrican miami california road trip with palms. Adventure travel vacation vibe. Graphic Art

At COSM 2025: When AI Meets Tinseltown… Look Out!

Superagent Ari Emanuel will be back at COSM this year, to talk about how AI is reimagining Hollywood

It’s too soon to tell where AI Hollywood will fall between a predicted Armageddon and a Golden Age. But Emanuel’s opinion would surely be important to know.

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3d rendering of framed lighten X alphabet shape on grunge tiles floor surrounded by smoke

Where X Went Wrong in Dealing with Links to Independent Media

Elon Musk bought Twitter, changed it to X, and made it a nightmare for writers trying to share their work

As trust in legacy journalism erodes, more time and energy will get funneled into independent media and X isn’t playing fair here.

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