Looks like it just matches long term inflation, beats 2023 inflation. Win for workers.
During the observation period from 1960 to 2022, the average inflation rate was 19.0% per year. Overall, the price increase was 1.36 million percent. An item that cost 100 pesos in 1960 costs 1.36 million pesos at the beginning of 2023. For October 2023, the year-over-year inflation rate was 4.3%.
The author did a poor job of explaining that. He’s referencing the thought experiment of a businessman instructing a super effective AI to make paperclips. Given a terse enough objective and an effective enough AI, one can imagine a scenario in which the businessman and the whole world in fact are turned into paperclips. This is obviously not the businessman’s goal, but it was the instruction he gave the AI. The implication of the thought experiment is that AI needs guardrails, perhaps even ethics, or else it can unintentionally result in a doomsday scenario.
You have details about her case you’d care to share?
Non-paywalled link?