Last week, a group of researchers at BCG shared some similar findings in the Harvard Business Review. And this one really caught our eye, because they found that, under certain conditions, workers are experiencing what the researchers are calling A.I. brain fry. And to be clear, that is different than A.I. brain rot, which is what you get on TikTok when you start looking at videos of Ballerina Cappuccina. That’s right. You know, and actually, they thought that Emmanuel Macron might have this, but that turned out to be A.I. french fry. So anyways, here’s what A.I. brain fry is, Kevin. They’re defining it as mental fatigue from excessive use or oversight of A.I. tools beyond one’s cognitive capacity, which I think is kind of a funny idea. It’s almost like you got a new co-worker and they’re really, really smart and it’s sucking your life force out of your body. Officially, you are not supposed to be able to insider trade on these platforms, right? They all have policies against it. Kalshi, the most regulated U.S. platform that allows for prediction markets, says, you know, they’ve investigated people, that it is actually illegal per the C.F.T.C., which is their main regulator to place bets using inside information. But, there are a couple problems with this. One is the C.F.T.C. is a tiny agency. It doesn’t have a huge team of enforcers going out to investigate what I assume must be hundreds or thousands of trades using inside information on their platform every day. It’s also not clear what is public information and what is private information. You know, there are certain types of information in the stock market that are considered material, nonpublic information that it is illegal to trade on. But, it is also legal to, you know, fly a drone over an oil facility to see how their production is going, or to park outside a store and see the foot traffic going in and out and use that to sort of calculate how well their sales must be going. –I find it suspicious how much you know about the insider trading rules, I have to say, I didn’t know you had this much facility with the law here. –I’m calling my lawyer. But of course, this is part of the appeal of prediction markets in general. Is that they incentivize people with good information to trade on that information. –Yes, and if you allow people to wager on almost anything, how are you ever possibly going to police the entire platform to understand who is insider trading and who isn’t?
About The Author
