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Samuel Hammond

Samuel Hammond is senior economist at the Foundation for American Innovation.
Articles by Samuel Hammond

The Scramble for AI Computing Power

“What is your moat?” That’s Silicon Valley-speak for “what defends you from the competition.” As investors hunt for the next big AI company, it’s also one question that the hundreds of start-ups launched in the wake of ChatGPT increasingly can’t avoid. How do you profit off intelligence once it’s been commoditized? Will the AI transition…

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Common Sense on AI

Following successive releases of advanced AIs since ChatGPT, a group of leading technologists has called for an immediate, six-month moratorium on training large AI models. Their open letter, signed by Elon Musk and Apple cofounder Steve Wozniak, raises alarms that AI labs are locked in an out-of-control race to develop and deploy ever more powerful digital minds that no one—not even their creators—can understand, predict, or reliably control…

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Cost Disease Socialism

We are in an era of spiraling costs for core social goods—health care, housing, education, childcare—which has made proposals to socialize those costs enormously compelling for many on the progressive left. This can be seen in the ideas that floated around the 2020 Democratic primary. Proposals for free college and student debt relief, Medicare for All, free or nearly free universal childcare, and massive subsidies for renters in expensive cities were proposed by President Biden’s challengers, and continue to be at the top of the agenda for the left wing of the Democratic Party. Indeed, the current vogue for “socialism” on the left is, on closer examination, almost always about socializing these common household expenditures…

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