Lightnews — Scholar-powered news

Reposted by Kincso Biro

Benjamin Braun @benbraun.bsky.social · 1d

If profits shape the energy transition we need to understand the biggest profit event this century: the 2022 oil and gas price spike.

Very happy our paper is now out in Energy Research & Social Science. Thread by lead-author @gregorsemieniuk.bsky.social 👇

Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d

🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...

River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.

32 71

Kincso Biro @kincsobiro.bsky.social · 23h

Are you scamtical? (Sorry!)

1 2

Reposted by Kincso Biro

London Review of Books @lrb.co.uk · 1d

‘His books concern people on the margins, at the edges of empire or of their sanity, and the great powers and promises that exert their centripetal pull.’

Jennifer Szalai on László Krasznahorkai’s Hungarianness, from 2012

www.lrb.co.uk/the-paper/v3...

Jennifer Szalai · Where Forty-Eight Avenue joins Petőfi Square: László Krasznahorkai

www.lrb.co.uk

5 19

Kincso Biro @kincsobiro.bsky.social · 23h

What great news! I'm so happy about it! 😊

AFP News Agency @en.afp.com · 1d

🏅 The Nobel Prize in Literature has been awarded to Laszlo Krasznahorkai, considered by many as Hungary's most important living author whose works explore themes of postmodern dystopia and melancholy.

📸 Adrian Dennis

Kincso Biro @kincsobiro.bsky.social · 1d

👀

Fortune @fortune.com · 1d

A top Wall Street analyst has sounded an alarm over the U.S. equity bull market, warning that its remarkable run is built on a precariously narrow foundation: a surge in spending on infrastructure for AI. trib.al/47J3Nhe

Top analyst on concerns about Nvidia fueling an AI bubble: 'We've seen this movie before. It was called Enron, Tyco' | Fortune

"The guy at the epicenter [is] basically starting to do what all ultimate bad actors do in the final inning," Morgan Stanley's Lisa Shalett tells Fortune.

trib.al

Kincso Biro @kincsobiro.bsky.social · 1d

We no longer have a shared reality.

Pew Research Center @pewresearch.org · 1d

In many countries, views of the national economy are closely related to partisanship

In nearly all the countries we surveyed, supporters of the governing party view their economy more positively than nonsupporters.

www.pewresearch.org

1 2

Reposted by Kincso Biro

Peter Butler @peter-butler.bsky.social · 2d

Bloomberg research found wholesale electricity up ~270% in areas near data centers

It doesn't seem like nearly enough people are taking it seriously

One A.I. image isn't too much energy, but 5 million videos? Per day/hour/minute whatever. It's not sustainable

www.bloomberg.com/graphics/202...

AI Data Centers Are Sending Power Bills Soaring

Wholesale electricity costs as much as 267% more than it did five years ago in areas near data centers. That’s being passed on to customers.

www.bloomberg.com

9 300 450

Kincso Biro @kincsobiro.bsky.social · 1d

It's easy: invent or inflate a problem, claim to have solved it, and then demand a reward.

1

Kincso Biro @kincsobiro.bsky.social · 1d

Hey, could someone please let the Germans know?

Philipp Heimberger @heimbergecon.bsky.social · 2d

In a new paper, we provide fresh evidence on the macroeconomic effects of public investment in 27 EU member states. We find that public investment has favorable effects on output and unemployment; doesn't crowd out private investment; and doesn't jeopardise debt sustainability.

Kincso Biro @kincsobiro.bsky.social · 1d

patrick star and spongebob squarepants are standing next to each other in a dark room .

ALT: patrick star and spongebob squarepants are standing next to each other in a dark room .

media.tenor.com

3

Kincso Biro @kincsobiro.bsky.social · 1d

Then maybe it's just snobbery.

1 2

Kincso Biro @kincsobiro.bsky.social · 1d

You mean Planners are virtue signalling on Linkedin?

2 3

Kincso Biro @kincsobiro.bsky.social · 1d

What could possibly go wrong? 🙄

Carl Quintanilla @carlquintanilla.bsky.social · 2d

NVIDIA and OpenAi:

Concerns that their “increasingly complex and interconnected web of business transactions is artificially propping up the trillion-dollar AI boom.“

@bloomberg.com $NVDA 👀
www.bloomberg.com/news/feature...

2

Kincso Biro @kincsobiro.bsky.social · 1d

Not bad for a start! 😉

1

Reposted by Kincso Biro

Pumpkin Spice LSD Season @screaminjwalkin.fathomlessbeats.com · 2d

good thing nobody looks at their phone otherwise i'd be concerned that this sounds like always on surveillance

Hypervisible @hypervisible.blacksky.app · 2d

“Google has filed a patent for a face-detection activation system that would eliminate the need for ‘Hey Google’ hotwords by automatically triggering its Gemini AI assistant when a user's phone detects their face nearby.” 😩

Perplexity

Perplexity is a free AI-powered answer engine that provides accurate, trusted, and real-time answers to any question.

www.perplexity.ai

26 54

Kincso Biro @kincsobiro.bsky.social · 2d

What could possibly go wrong? 🙄

Techmeme @techmeme.com · 2d

JPMorgan Chase reports that $1.2T of debt is now tied to AI-related companies, making it the largest segment in the investment-grade market (Caleb Mutua/Bloomberg)

Main Link | Techmeme Permalink

Kincso Biro @kincsobiro.bsky.social · 2d

Just because you can do something doesn't mean you should.

1

Kincso Biro @kincsobiro.bsky.social · 3d

"Locking billions of U.S. dollars in into AI-focused data centers without a clear exit strategy for these investments in case the AI craze ends, only means that systemic risk in finance and the economy is building."

www.ineteconomics.org/perspectives...

The AI Bubble and the U.S. Economy: How Long Do “Hallucinations” Last?

This paper argues that (i) we have reached “peak GenAI” in terms of current Large Language Models (LLMs); scaling (building more data centers and using more chips) will not take us further to the goal...

www.ineteconomics.org

2

Reposted by Kincso Biro

Philipp Heimberger @heimbergecon.bsky.social · 3d

Welcome to the age of AI. "Deloitte will partially refund payment for an Australian government report that contained multiple errors after admitting it was partly produced by artificial intelligence."

1 6 6

Reposted by Kincso Biro

kutyafülü @boriszka.bsky.social · 3d

phil penman
#railwaystation #hamburg #b&wphoto

2 11

Reposted by Kincso Biro

Alex Hanna-ween @alexhanna.bsky.social · 3d

"The main reason AI is regarded as a magic fix for so many different threats is that it is expected to deliver a significant boost to productivity growth, especially in the US."

There is no productivity boost. This whole thing is one big shell game.

Justin Hendrix @justinhendrix.bsky.social · 4d

"The hundreds of billions of dollars companies are investing in AI now account for an astonishing 40 per cent share of US GDP growth this year... In a way, then, America has become one big bet on AI."

America is now one big bet on AI

It’s seen as the magic fix for every threat to the US economy

www.ft.com

2 13 46

Kincso Biro @kincsobiro.bsky.social · 3d

Weren't we supposed to progress beyond the Roman gladiator era?

1 1

Kincso Biro @kincsobiro.bsky.social · 3d

You mean that violence as spectacle has historical roots?

1

Kincso Biro @kincsobiro.bsky.social · 4d

👀

Financial Times @financialtimes.com · 4d

Time spent on social media peaked in 2022 and has since gone into steady decline since. And this is not just the unwinding of a bump in screen time during pandemic lockdowns – what’s going on?

Read the full story here: on.ft.com/3IzaxBL

1

Kincso Biro @kincsobiro.bsky.social · 4d

There seems to be a demand for violence as a form of entertainment.

1 3