Can Chinese AI solve inequality? + How dementia comes for your bank account - BERITAJA

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Today's Indicator: 6

The financial reddish flags that show up for dementia patients

Sanda Balaban hadn't been successful touch pinch her dada for years erstwhile she made the travel to sojourn him. In his office, she saw clutter and piles of insubstantial everywhere. She discovered in installments paper statements showing her dada was spending thousands of dollars a period connected scammy wellness products and online subscriptions. She learned he hadn't paid income taxation since 2014 and had drained his savings.

Stories for illustration this are acquainted to Lauren Nicholas, a wellness economist and professor of geriatrics astatine the University of Colorado. She explains there's a adjacent relationship betwixt dementia and a nonaccomplishment of individual wealth.

"Dementia is 1 of the diseases wherever you suffer a batch of cognitive capabilities complete clip that are, unfortunately, intimately tied to our expertise to negociate our ain money," Lauren says.

Lauren put retired caller investigation uncovering wealthiness starts to diminution 6 years earlier a dementia diagnosis. And it's difficult to flag. While a financial advisor mightiness beryllium the first statement of defense, a study from the finance patient Fidelity shows advisors didn't consciousness comfortable raising the rumor for fearfulness of being wrong.

So what solutions are retired there? And what's adjacent for Sanda? It's worthy listening to the section to study more.

Listen to the afloat episode.

Rest of the Week

• Democratic Senator Chris Van Hollen wants to salary for taxation cuts for little earners by raising taxes connected the wealthy. Does the mathematics cookware out?
• How the Iran War mightiness impact your market bill
• Why isn't the White House ballroom utilizing American steel?

News We're Watching

1. When David (Paramount+ subscribers) Takes connected Goliath (Paramount+)

What to Know: Three regular Paramount+ subscribers and 2 PROSPECTIVE subscribers are collectively taking on Paramount Skydance for a bid of reasons. One is the $110 cardinal merger betwixt Paramount Skydance and Warner Bros. Discovery. Their ground for wounded included a January value hike of 12.5% for the basal tier and 7.7% for premium from Paramount Plus, on pinch concerns of early value increases. They want to make judge this merger doesn't happen.

Why we care: I mean… when's the past clip you and your friends tried to return connected TWO multibillion dollar corporations? Turns retired this is aged news for the lawyer Joseph Alioto. While the value hike isn't astronomical connected an individual subscriber, the wide toll connected consumers is big. This suit is simply a well-known ineligible strategy to usage a fewer plaintiffs connected behalf of the many.

2. How existent is Saudi Arabia's solution to chaos successful the Strait of Hormuz? [Paywall]

What's going on: Saudi Arabia is positioning its Port of NEOM, connected the WESTERN broadside of the state (on the Red Sea), arsenic an alternate shipping way amidst the chaos of the Strait of Hormuz. It hopes to beryllium a connector betwixt the Gulf pinch Europe and Africa. While waste and acquisition has been mostly handled connected the eastbound seashore of the nation, it looks for illustration there's now a displacement westbound to the Red Sea. The problem… this larboard does not grip oil, truthful it's not wholly clear what will beryllium shipped from there. That said, Saudi's Yanbu larboard connected the westbound seashore has seen a 4x summation successful lipid exports since February. That's acknowledgment to a east-west pipeline successful the country.

Why we care: So… are we conscionable going to trust connected the Strait of Hormuz forever? Assuming the world doesn't move to each EVs and renewables tomorrow, lipid and the Strait will proceed to beryllium globally applicable for immoderate time. Alternative routes person been successful chat for decades, but there's nary evident one. There ARE different ports for illustration Yanbu, but it's not built to move that overmuch oil. A solution distant from the Strait isn't arsenic elemental arsenic different larboard aliases different pipeline. It would require a systems-level reboot.

3. How Chinese AI could trim inequality

What to know: When China's DeepSeek came retired pinch a caller AI exemplary past year, it terrified U.S. markets and sunk NVIDIA's banal price. There's a full Planet Money episode about it. Fear of Chinese AI runs deep. In portion because it's putting up rather the conflict against the U.S. which is the clear front-runner successful this field. Chinese AI models DO person an separator though acknowledgment to open-source LLMs and overmuch cheaper pricing. This article argues that separator for Chinese AI companies creates title successful the world marketplace.

What's interesting: It whitethorn look inevitable that AI will consequence successful wide inequality. It's easy to imagine: AI displaces workers and profits statement the pockets of a prime few. But Center for Economic and Policy Research Senior Fellow Dean Baker makes the lawsuit that title could moreover the playing field. When much than 1 institution is offering a akin product, the costs spell down for everybody. That use flows to consumers. Co-host Darian Woods says it's an intriguing thesis but points retired that Chinese title hasn't prevented the emergence of trillion dollar large tech companies anterior to AI.

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