ReHacked vol. 300: 400th birthday to the world’s oldest bond, 2024 in Photos and more
Happy 400th birthday to the world’s oldest bond #history #finances
Four hundred years ago — on New Year’s Day in 1624 — drifting ice on the river Lek in the Netherlands smashed up a dike outside Utrecht. This was a pretty big problem in a country that is roughly one-third below sea level.
Soon, the region was flooded, with even Amsterdam threatened by the water. The locals eventually managed to staunch the flood, but they still needed to do a full, durable rebuild — which would be extremely expensive.
Fortunately, the Dutch were brilliant, sophisticated financial pioneers, and had developed the era’s most vibrant bond market. The local water authority — called Hoogheemraadschap Lekdijk Bovendams — swiftly sold over 50 bonds that raised about 23,000 Carolus guilders to finance the repairs.
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2024 in Reuters photos, and the stories behind them #history
If Open AI can build its brand and its trust with the consumer, it can dethrone the king.
They know this is important as well. Their website is littered with media quotes stating ChatGPT's search links to trustworthy sources, and bringing premium journalism.
This is the fork in the road. There are entire industries waiting to see the direction this goes in. If Open AI goes the way of Google with tons of choices and mental fatigue, it can still be successful, but will be battling to be king of the hill.
But if it can keep it simple and trustworthy, it can own the most valuable digital real estate as the sidekick with the single answer.
Google is losing trust with all these buzzing results, and its answer is to throw more spaghetti at the wall to see what sticks. But this just attracts more problems.
In order for Google to keep its crown, it needs to remember what it was in the 2000s and a bit of luck.
Evolution journal editors resign en masse to protest Elsevier changes – Retraction Watch #copyrights
All but one member of the editorial board of the Journal of Human Evolution (JHE), an Elsevier title, have resigned, saying the “sustained actions of Elsevier are fundamentally incompatible with the ethos of the journal and preclude maintaining the quality and integrity fundamental to JHE’s success.”
Massive Volkswagen Data Leak Exposes 800,000 EV Users #privacy
A massive data leak involving over 800,000 Volkswagen electric vehicles (EVs) has left sensitive user information, including location data and personal contact details, unprotected on the internet. Discovered by a whistleblower and reported by Der Spiegel, the breach highlights significant security shortcomings at VW’s software subsidiary Cariad, exposing vulnerabilities in modern vehicle data handling.
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