AI’s cognitive implications: the decline of our thinking skills?
Artificial intelligence (AI) has become an integral part of daily life, streamlining everything from search queries to complex decision-making. While AI tools offer convenience and efficiency, they also raise concerns about cognitive offloading—the process of delegating cognitive tasks to external aids. As reliance on AI grows, experts warn that it could diminish critical-thinking skills and alter fundamental cognitive processes. It is not about avoiding its use entirely; the incorporation of AI is essential for the advancement of our societies. (In fact, as will be seen later, it has been shown that a moderate use of AI can have a positive cognitive impact.) However, it is advisable to learn how to use it properly and in a balanced manner.
AI’s cognitive implications: the decline of our thinking skills?
Artificial intelligence (AI) has become an integral part of daily life, streamlining everything from search queries to complex decision-making. While AI tools offer convenience and efficiency, they also raise concerns about cognitive offloading—the process of delegating cognitive tasks to external aids. As reliance on AI grows, experts warn that it could diminish critical-thinking skills and alter fundamental cognitive processes. It is not about avoiding its use entirely; the incorporation of AI is essential for the advancement of our societies. (In fact, as will be seen later, it has been shown that a moderate use of AI can have a positive cognitive impact.) However, it is advisable to learn how to use it properly and in a balanced manner.
That growth environment will include rising inflation and interest rates. Those upward shifts naturally accompany healthy growth periods as the demand for resources, products and services rise. Importantly, the Federal Reserve has laid out the rationale for not interfering with that natural growth transition.It's not exactly a fad, but there is a widespread willingness to pay up for a growth story. Classic fundamental analysis takes a back seat. Even negative earnings are ignored. In fact, positive earnings seem to be a limiting measure, producing the question, "Is that all you've got?" The preference is a vision of untold riches when the exciting story plays out as expected.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
