Large language model-based systems like ChatGPT have sparked immense excitement, but also serious concerns about their potential to displace human jobs. Katya Klinova and Anton Korinek discuss how policies are already incentivizing labor automation and explain why it is critical to establish tools to evaluate and shape AI's job impacts.
18 months after Vladimir Putin's invasion of Ukraine, it remains a mystery how the war will end. Ukraine has put up a heroic resistance and experienced modest successes with its counteroffensive, but the conflict has taken a terrible toll on the country's armed forces, citizens, and supporters worldwide. At the same time, Russia has taken heavy losses, failed to reach key goals, and may be running out of options. In an essay, Constanze Stelzenmüller provides valuable context on Putin's Russia, international security over recent decades, and the challenges ahead for the West.
Last month, the U.S. Treasury Department released its quarterly update on how the $350 billion of American Rescue Plan Act funding is being spent by state, local, territorial, and tribal governments. In a review of the data, Glencora Haskins, Joseph Parilla, Mayu Takeuchi, and Julia Bauer find that little has changed in city and county investment behavior, at least so far.
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