Sorry for repeating this comment I just made to another reply, but I don’t think I can put it any more succinctly:
Consider how much banks empower Putin by continuing to prop up the petrodollar which helps keep the Russian economy afloat.
Then consider how much these c-suite ghouls get a hard on for LLMs and AI and how much those muddy the waters of what is actually real, factual information and contributes to disinformation and misinformation on the web.
Maybe some would consider bigger a stretch, but I don’t.
Well, I’m with you on Putin can go get fucked. But I think you’re misinformed on the “petrodollar empowering Putin”.
The dominance of the US dollar as the currency for settlement of international crude oil contracts advantages predominantly the US and secondarily countries with strong currencies in open exchange with the USD. It disadvantages weaker currencies and those with poorer trade terms with the US such as Venezuela and Russia now the latter has been cut off from the western banking system.
Putin being forced to trade his crude in non dollar denominated contracts is one of the (several) reasons the sale price of muscovy crude is now significantly lower than the equivalent from other countries. (TL;DR the sanctions are working).
China has long been lobbying unsuccessfully to break the petrodollar/USD as world reserve currency and failed so far.
The major US banks are just agents of a (very successful) US foreign policy post WW2. They are indeed evil, but not for this reason
Then consider how much these c-suite ghouls get a hard on for LLMs and AI and how much those muddy the waters of what is actually real, factual information and contributes to disinformation and misinformation on the web.
Banking C suites don’t love LLM and AI because they create disinformation. They love them because they want to replace expensive human labor with cheap computational cycles. There is a growing level of acceptance LLMs and AI won’t be able to accomplish this.
Sorry for repeating this comment I just made to another reply, but I don’t think I can put it any more succinctly:
Consider how much banks empower Putin by continuing to prop up the petrodollar which helps keep the Russian economy afloat.
Then consider how much these c-suite ghouls get a hard on for LLMs and AI and how much those muddy the waters of what is actually real, factual information and contributes to disinformation and misinformation on the web.
Maybe some would consider bigger a stretch, but I don’t.
Putin can go get fucked in the ear though.
Well, I’m with you on Putin can go get fucked. But I think you’re misinformed on the “petrodollar empowering Putin”.
The dominance of the US dollar as the currency for settlement of international crude oil contracts advantages predominantly the US and secondarily countries with strong currencies in open exchange with the USD. It disadvantages weaker currencies and those with poorer trade terms with the US such as Venezuela and Russia now the latter has been cut off from the western banking system.
Putin being forced to trade his crude in non dollar denominated contracts is one of the (several) reasons the sale price of muscovy crude is now significantly lower than the equivalent from other countries. (TL;DR the sanctions are working).
China has long been lobbying unsuccessfully to break the petrodollar/USD as world reserve currency and failed so far.
The major US banks are just agents of a (very successful) US foreign policy post WW2. They are indeed evil, but not for this reason
Banking C suites don’t love LLM and AI because they create disinformation. They love them because they want to replace expensive human labor with cheap computational cycles. There is a growing level of acceptance LLMs and AI won’t be able to accomplish this.