Elon Musk predicts that artificial intelligence will primarily become a space-based venture within the next decade, driven by economic advantages, according to a recent interview. Meanwhile, the U.S. stock market experienced a significant rebound, with the Dow Jones Industrial Average topping 50,000 for the first time, fueled in part by gains in technology stocks.
In an interview with podcaster Dwarkesh Patel and Stripe cofounder John Collison, Musk stated that the cost of operating AI in orbit would become much more advantageous. He predicted that by the beginning of the next decade, AI capacity in space would surpass that on Earth. Musk estimated this shift would occur within 30 to 36 months, citing the efficiency of solar panels in space and the limitations of land-based data centers.
The stock market rally on Friday saw the S&P 500 rise by 2%, its best day since May. The Dow Jones Industrial Average soared 1,206 points, or 2.5%, reaching the 50,000 level. The Nasdaq composite also saw a significant increase, leaping 2.2%. Chip companies like Nvidia and Broadcom contributed to the rally, benefiting from expectations of continued investment in AI technology. Amazon CEO Andy Jassy also expressed optimism about the future of AI.
In other news, a final rule issued by the Office of Personnel Management (OPM) will make it easier for a future administration to fire federal workers. Starting March 9, an unspecified number of federal employees could lose their job protections and be converted into at-will employees at the discretion of the President. This plan, which faced public opposition, mirrors a proposal unveiled in October 2020.
Additionally, a study revealed that oil- and gas-producing regions in the continental United States are emitting up to five times more methane than companies are reporting to government regulators.
In the realm of sports, Matthew Berry will be featured in a Super Bowl pre-game slot, highlighting the growth of fantasy football. This marks a milestone for football coverage, emphasizing the increasing importance of every game.
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