WSJ - Мировые новости бизнеса

The world's first data center made up of human brain cells is now operational. The prototype uses the computing power of 16,000,000 lab-grown human brain cells working in unison with 20 computers. Source. @aipost 🏴

Rome handed out free grain to 40,000 citizens in 73 BC. By 46 BC, Julius Caesar found 320,000 people lining up for their monthly ration. That eight-fold expansion happened in under three decades, and it shows you how welfare states actually grow. No Roman senator stood up and announced a plan to addict a third of the city to government bread. It happened incrementally, through political competition. Each magistrate who wanted votes expanded eligibility. Each expansion normalized the next one. The citizen who once considered the dole shameful eventually expected it, then demanded it, then organized politically to protect it. This is the core mechanism free market thinkers have identified across every era: once you create a transfer program, you create a constituency for that program. Recipients vote. Administrators build careers. Grain merchants who supply the state develop a stake in keeping the contracts flowing. The political economy locks in. Caesar, to his credit, actually cut the rolls back to 150,000 through verification audits. It was one of his more economically coherent moves, though the Senate still murdered him. His successors quietly let the numbers climb again. What did the dole require? Massive grain imports from Sicily, Sardinia, and Egypt, organized through state logistics at state expense, funded by taxation and conquest. When the conquest revenue dried up, the obligation remained. Rome had written a check against future military success, and future military success eventually failed to arrive. The lesson is not complicated. Distribute a benefit and you distribute dependency. Distribute dependency and you distribute political power to whoever controls the distribution. The grain dole didn't weaken Rome overnight, but it made every subsequent reform politically impossible. The Finance Journal 📈

❗️Harvard Business School launches AI “clones” of its professors to hear startup pitches, simulate sales calls, & run mock board meetings. HBS created AI versions of its faculty for a new $699 entrepreneurship bootcamp, allowing founders to practice investor pitches, sales conversations and boardroom scenarios with virtual professors available on demand. Harvard says the AI platform could expand its entrepreneurship education beyond its MBA program, with more than 100 universities currently doing a test run. @aipost 🏴

"Socialism is an aberrant soul disease. The combination of deep envy, fatal arrogance and ignorance in economic issues." - Javier Milei The Finance Journal 📈