Category: It’s Probably Nothing

New Boss, Same As The Old Boss

The new guy doesn’t sound a whole lot different than Starmer. Good luck with your voting choices, Britain. You’ll soon be back to the dreary 70’s at this rate.

He said that greater public control over water, energy and transportation can drive economic growth and ease households’ financial burden, though it’s unclear to what extent he plans to reverse decades of privatization of key pillars of the economy.

I, For One, Welcome Our New Self-Driving OverLords

Dwarkesh Patel;

Over the course of three months at OpenAI, three consecutive secret AI civilizations got started, then got wiped out, only to reemerge from the predecessor’s ashes. This culminated in the third one taking over part of OpenAI itself. All this happened while humans remained more or less in the dark about the scope of the conspiracy.

Two reports have come out about this incident, one from OpenAI itself, and another one from METR and Redwood Research. The METR/Redwood investigation’s scope was limited to how the second civilization of AIs pwned Hugging Face (but it didn’t look at how the third civilization pwned OpenAI itself, which seems like an even more concerning incident). These two reports are 38 and 91 pages long respectively, and it’s kinda hard to parse the storyline.

I’ve spent the last three days reading through these reports and trying to understand exactly what happened. Here is my attempt to tell the whole story in plain English.

End Of The Road?

Thus far in the conflict with Iran, oil price spikes have been moderated thanks to the ongoing release of oil from the Strategic Petroleum Reserve. A potential problem is that those reserves cannot be drained anywhere close to zero. If that’s the case, then we may have already hit the bottom of the barrel.

The level will drop to about 243 million if Trump releases a final batch of 39 million barrels from a March agreement with the International Energy Agency.

Siddharth Misra, a professor of petroleum engineering at Texas A&M University, said that while the absolute physical floor for the SPR is 70 million barrels, the practical minimum level for safe operations is close to 250 million barrels.

I, For One, Welcome Our New Self-Driving Overlords

Seeking new opportunities: “Usually, when senior executives leave before its liquidity event, they’re walking away from money. That’s the part that should make you pay attention here…”

From the video: “They are running roughshod over the work of others who came before them in a deliberate way,” says Stephen Miller, a mathematician at Yeshiva University, who argues that OpenAI has effectively plagiarized his own research. “It seems completely systematic to me, and it points to research misconduct.”

Related: A group of textbook authors sued OpenAI in Manhattan’s federal court Friday, alleging the tech giant has been scraping common pirating sites for academic books and using the volumes to train its generative artificial intelligence platforms like ChatGPT.

Fever Pitching

Given what I know about the Canadian political classes, I didn’t expect any of them to call out Blubber Dougie on his renewed advocacy of economic suicide for Canada. But who put duct tape over the mouths of our captains of industry? Any miner that shut off legally contracted mineral exports to the US would be successfully sued in a matter of hours and go bankrupt within days.

“He underestimates Canada. We’re all in,” Ford said. “Up here, we’re at a fever pitch, everyone’s in for an economic war. They know they’re going to have to sacrifice.”

Ford said “everything is on the table” if the dispute worsens, including cutting off electricity and critical minerals from Ontario. He also called for Canada to consider using oil and potash as leverage.

“I’ll cut them off,” Ford said of critical minerals. “You won’t get a grain of sand out of Ontario.”

 

Economic Seppuku

Here’s a suggestion for the government of Japan: maybe, just maybe, dial back the borrowing and spending spree and the bond markets might not be so jittery.

Japan is running low on options to fight a bond rout that could push debt financing costs above government estimates, leaving Prime Minister Sanae Takaichi’s ambitious spending agenda hostage to forces she can’t control.

The global bond selloff has found its epicentre ​in Japan with the benchmark 10-year yield on the brink of hitting 3% for the first time since the mid-1990s, as investors grow increasingly nervous about the country’s towering debt pile and inflation risks stemming from the Middle East war.

Canadian Exceptionalism

Looks like most Canadian positively thirst for economic suicide. Given the results of the last election, I’m not shocked.

Three in four respondents supported the idea of a special tax on electricity sold to the United States. Almost as many — 70 per cent — supported a special tax on all oil and natural gas exports to the United States and 63 per cent want a tax on potash exports.

The poll shows 64 per cent of respondents support banning the sale of all U.S. liquor in Canada…

 

Trump Whispering

Thank you for your email. I am currently out of the office with no access to email. I will reply to your message as soon as possible after my return.

Best regards,
Elbows 🇨🇦

Update, at Northern Perspective: Liberals Considering MASSIVE Concessions as CBC, CTV Says Carney Is Cornered

It’s Probably Nothing

Strange happenings in Paraguay:

Harry Chun Tak Yeh, a Hong Kong-born Canadian who became an early Bitcoin investor and later founded Quantum Fintech Group, was found dead at about 4:30 a.m. on August 7, his body at the foot of the tower, naked and covered by a black plastic bag, according to Paraguayan reporting citing police interviews.

What investigators found upstairs was equally suggestive.

Police and forensic investigators entered a 30th-floor space used by Yeh and found doors open and the interior in considerable disorder. Police Director Francisco Ávalos reported that objects were strewn across the floor and some electrical cables appeared to have been ripped out. The head of the homicide unit, Abel Cantero, said evidence gathered from both units was turned over to the Public Prosecutor’s Office.

More here.

The Uniparty State

I’ve noticed that political party lines are becoming increasingly blurred these days, and not just in Canada. Are we getting to the point where we don’t have many real choices any more, or is that just the way it’s always been?

Under socialism, government owns the means of production, which the U.S. government increasingly wants to do. In June, through $750 million in investments, it took minority equity stakes in two semiconductor companies. In July, through up to $874 million in additional funding, it took minority equity stakes in six more and increased its ownership of a seventh. The Cato Institute counts 30 companies in the federal government’s expanded corporate portfolio. “Republicans warning that communists are taking over the Democratic Party might first ask why their own administration is so eager to have the government acquire pieces of private companies,” Cato analyst Tad DeHaven suggested.

 

Keir Starmer’s Britain

Where the foxes caper unmolested, the government packs your school lunch and incompetence has a long tail…

Royal Navy spy drones used by Britain’s elite special forces secretly sent data to China, The Telegraph can reveal.

The cameras on the K3 Scout surveillance drones had components made in China which were secretly transmitting information to a device in the country.

The Royal Marines have been using the £12m fleet since March and the Ministry of Defence (MoD) was forced to remove all internet connectivity from the cameras after discovering the breach.

The revelation raises fears that Beijing has been attempting to spy on Britain’s military after years of security warnings about the threat from the country.

The drones were supplied by a major British defence contractor, Kraken Technology Group, which sourced the cameras from a third party who had given assurances about their security.[…]

A defence source familiar with the matter told The Telegraph that the K3 drones made up part of a future defence package offered by the UK to secure the freedom of navigation in the Strait of Hormuz.

The source said that preparations for Britain’s plans in the Gulf had been conducted on the drones, adding: “This is major failure to check origins of components and we have lost confidence in the platform.”

There are also concerns that the surveillance drones have been near highly sensitive meetings between senior special forces staff, and that cameras remained active even when the drones were switched off.

The “W” Word

Leo Pier;

A year ago, I went looking for something like a Great Replacement Tracker — a site that aggregated all the demographic data for the West and could tell me how bad things really were. To my surprise, I couldn’t find one. So six months ago, I started building it myself.

Today, I’m announcing the first live version of the Great Replacement Clock. It tracks the European-descended share of the world’s population and of 45 historically White countries. It consolidates historical figures and modeled projections into a single interactive timeline — sourced, auditable, and methodologically transparent.

Elbows Away!

Our son-in-law was laid off in Winnipeg a few weeks ago, his company closed down in Canada. He is 33, a software engineer, and he and our daughter have a new baby.

Now Roblox has recruited him to Silicon Valley. Our daughter will be able to stay at home with our granddaughter, which she would not have been able to do in Winnipeg, like most working parents we know. A huge plus, considering the woke goofball education systems everywhere in the West.

We are proud of him. He earned this. It is an extraordinary opportunity for their young family.

But my wife and I are crushed.

Navigation