Scott Bessent must be happy. A new IMF study finds that stablecoins boost dollar demand. As a % of GDP, the largest users are Latin America & Caribbean (7.7%) and Africa & Middle East (6.7%)

Despite piggybacking on the dollar and often sharing the same blockchain, out of the box their smart contracts remain stubbornly non-interoperable and therefore non-fungible.

Each coin is a brand—and combined with the network effects inherent in money itself, winner-takes-all dynamics emerge. Already, two giants rule: Tether commands a $159 billion market capitalisation - 61% of the market - while Circle's USD Coin holds $62 billion or 24%.

It matters that AI has easily updatable memory. Without dynamic memory, AI cannot act sequentially on a plan or get to know you or your business. Up to now, one method to address this, besides expensive one-off fine-tuning, is the so-called Retrieval Augmented Generation or RAG.

Size matters in AI. The importance of scale and its cost has implications as to who will benefit most from AI, and it will be felt from geopolitics to competitiveness to the structure of our economies.

Pinpointing the exact moment when the machine learning revolution began is challenging, as advancements have been steadily unfolding for several decades. However, if one has to choose a year, the year 2012 would be it. That year was indeed a significant milestone in the field of deep learning, a subfield of machine learning.

Plato saw rhetoric as a powerful tool that could be used to manipulate and deceive people. In contrast, he believed philosophy was supposed to uncover truth and provide genuine knowledge.

Rhetoric refers to the art of persuasion, the ability to use language effectively to influence others. It's not just about what you say, but also how you say it and the context in which you say it. Throughout history, philosophers have studied rhetoric and have developed various theories about how it works and how it can be used to achieve specific goals.

Articulating your vision is not just about speaking words, it’s about painting a picture in people's minds that motivates and inspires them to take action. When you clearly articulate your vision, it becomes contagious, and people will naturally want to follow your lead.