AI Writes its Own Code, will it kill jobs?

The New York Times assures us that AI writing computer code is “good news for humans” and not a threat to professional programmers. To elaborate, Codex, a new application from OpenAI, can write code for basic programs.   OpenAI Codex instantly passed the coding challenge Alphabet (GOOGL) and Facebook (FB) give to programming job applicants, Tom Smith tells Times writer Cade Metz. Smith claims Codex wrote a program that replaces all the spaces in a sentence with dashes and a program that identifies invalid ZIP codes instantly. OpenAI Codex then completed several other coding tasks fast.   OpenAI is the AI research and development company Elon Musk founded. OpenAI’s mission to build artificial general intelligence, or highly autonomous systems that can outperform humans at economically valuable work. If the claims about Codex are true, it sounds as if OpenAI is achieving that goal.

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How Much Money Does BioNTech make from vaccines?

BioNTech’s bet on mRNA is paying off. Its quarterly revenues grew from $30 million on 31 March 2020 to $2.467 billion on 31 March 2021.   Similarly, BioNTech’s Total Assets grew from $803 million on 31 March 2020 to $4.942 billion on 31 March 2021. In addition, the cash and short-term investments grew from $496 million on 31 March 2020 to $1.048 billion on 31 March 2021.   One person who believes in BioNTech (BNTX) is Mr. Market. Market paid $50.88 for BNTX on 26 May 2020 and $202.37 for the stock on 26 May 2021.

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The Trump Nihilism will Grow Worse

Trumpism is nihilism. The Internet Encyclopedia of Philosophy describes nihilism as “the belief that all values are baseless and that nothing can be known or communicated. It is often associated with extreme pessimism and a radical skepticism that condemns existence. A true nihilist would believe in nothing, have no loyalties, and no purpose other than, perhaps, an impulse to destroy.”

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