I think that’s a good thing, and I say that as an engineering manager.

Having been an IC, I’m acutely aware that developers, when aware of monitoring via performance metrics, will game that system.

You are a country. You have to decide on your country’s economic model before starting the game. Choose:

- a free market economy. Companies are unhindered by the state to make their own decisions to maximize shareholder value. Decisions therefore lean towards short term profit margins rather than long term success. Influence of the state via elected politicians on a short term is expensive but effective to ensure you are unhindered by regulation. Success here is not aligned with the long term success of the state.

- a quasi free market where there is partial state ownership and control, but also supports free market principles to encourage private investment. The state will heavily subsidize your economy and decisions can be made to prioritize long term global success rather than short term shareholder value.

- a state controlled and state owned economy. All decisions are made by committee. There are no shareholders apart from the state. Success benefits all within the state. Failure also tied directly to the state. Long term goals are preference over short term goals.

Choose carefully. Once your have made your decision the costs to change it are extremely high and will result in societal and economic collapse.

SEC is clearly ignoring FTD’s and as a result allowing MM’s to reloan unlocated synthetic shares.

Which is exactly what happened in 2008 with mortgage backed securities and CDO’s.

It just looks like static on old tvs to me.

Looking across the Atlantic…

But like you said, they will try to control it and fail. Like they always do.

Problem is it’s not exactly clean because you’ve got nuclear waste to dispose of and nobody wants it in their backyard. It’s mostly safe, but when it does go wrong it contaminates large swathes of land for thousands of years.

Its biggest problem is that it’s expensive[1].

Not only that - it’s getting more expensive.

Not only that - it will never achieve economies of scale.

[1] https://commons.wikimedia.org/wiki/File%3A3-Learning-curves-...

Moreover this claim stinks.

Apple have enough legal experience with the EU and technically competence to have baked EU AI, privacy and anti-monopoly compliance into their product from the start.

In fact any U.S. company could base their products on EU legislation, since it provides wide safeguards for consumer privacy.

Apple deliberately chose not to and are now being deliberately obtuse and misleading.

Anyone would think they didn’t have lawyers.

Either they are incompetent or it’s a deliberate choice to play this card. I don’t think it’s incompetence.

Good for local database only jobs though. Niche use cases.