In fast-moving current events as I write (Saturday, May 2), active so-called “kinetic” warfare seems to have subsided in and around Iran. Let’s hope the trend continues in this hopeful direction. Human rights violations elsewhere and global economic impacts persist.
Most frightening and/or depressing story: We have heard horror stories about U.S. government debt over the decades, many not grounded strictly in evidence. But this time really seems to be different, where the absolute size of the debt at the moment means higher than normal interest rate payments as a fraction of the economy and tax revenue. At the risk of stating the obvious, this means the government has less money for things other than interest payments. Meanwhile the trends are increasing debt level, increasing interest rates, and potentially lackluster economic and tax revenue growth, all pointing toward a runaway train. Hoping for a pickup in economic growth seems to be the main strategy being pursued to counteract this feedback loop.
Most hopeful story: AI science seems to have a theme of mine in April. We can constraint an AI scientist to actually respect the laws of physics, potentially accelerating scientific and technological progress. AI should also be good at synthesizing past research to form a basis for future progress, and organizing data in an accessible way so that others (human and/or AI) can confirm findings or make new discoveries from that same data. I know some very nice people who work in today’s academic publishing industry, but this may not be an area of rapid future growth. The future of engineering and scientific modeling will probably consist of giving an AI a very detailed specification for what you want it to accomplish, then reviewing/validating the result when it comes back.
Most interesting story, that was not particularly frightening or hopeful, or perhaps was a mixture of both: Augmented (aka mixed) reality glasses are getting pretty common in China, and slowly catching on elsewhere. Early adopters include cheating students, of course.