“This is what AI work looks like when workers have no say in the process.” Enshittification Amid a massive wave of tech company layoffs in favor of AI, Google is firing thousands of contractors tasked with making its namesake search engine work better. As Vice reports, news of the company ending its contract with Appen — a data training firm that employs thousands of poorly paid gig workers in developing countries to maintain, among other things, Google’s search algorithm — coincidentally… Source link
Read More »Goldman Sachs destroys one of the most persistent myths about investing in stocks
A version of this post was originally published on TKer.co. Let’s talk about the CAPE ratio. It’s one of the most widely-followed stock market valuation and investing metrics. It’s being talked about more as investors wonder whether stocks are poised to lose ground in 2022. Unfortunately, the signal of doom it supposedly sends is a myth. CAPE, or cyclically adjusted price-earnings, was popularized by Nobel prize-winning economist Robert Shiller. It’s calculated by taking the price of… Source link
Read More »‘Real chance’ Afghanistan withdrawal ‘destroys’ Biden presidency: Ian Bremmer
Images of unrest and desperation at the international airport in Kabul spread across the world on Monday as the Taliban took the city and thousands of Afghans sought to flee. The chaos brought widespread criticism of the U.S. withdrawal, but President Joe Biden said on Monday afternoon that he stood “squarely behind my decision” to begin formally pulling out troops in May. Still, the U.S. exit poses a “real chance” of destroying the Biden presidency, Eurasia Group founder and political… Source link
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