Readit NewsA good dev can dive into a completely unknown codebase with or without tools like a debugger and figure it out. AI makes this far easier.
Some great devs/reverse-engineering experts can do the same without even the compiled source code. Again AI tools can now do this faster than any human.
Security researchers have figured out the intricacies of a system with no more than a single string as input and an error code as output.
The ability to compress information, specifically run it through a simple rule that allows you to predict some future state.
The rules are simple but finding them is hard. The ability to find those rules, compress information, and thus predict the future efficiently is the very essence of intelligence.
Interesting that will all the Ph.D. expert fine-tuning that GPT5 supposedly received, it still doesn't favor the more correct Newtonian explanation of airplane lift.
But there are two SF stations
Buying SPY, my mistake. Being incentivized to put money in my 401k... That is a bit harder to solve.
While there have been layoffs, companies are generally still hiring and often employees can overlap severance with a new role.
Vertical integration can have benefits, but it isn't necessary and has drawbacks. Even when vertically integrated, regulations are often written under the assumption that everything is leased, not owned, so compliance is easier if you own a company that owns an asset, instead of owning that asset directly.
For example, if two people carpool in a car that one of them owns, instead of hiring a taxi, they'll usually split the costs of the fuel and the wear on the car. On the other hand, if they were flying in a small airplane owned by one of them, it's illegal to split the costs of wear on the airplane, unless its a rental or air taxi. Because of this, and other similar effects of FAA regulations, many small airplane owners own a company that owns the airplane, instead of owning it outright, and rent the airplane from themselves, whenever they use it.
Government should focus on making it easier for new companies to compete as that is what generally yields better and/or less expensive products.
While the absolute dollar value of margin debt is at an all time high, margin debt as a percent of total stock market value is still significantly below historic levels.