“few other human activities offer such unambiguous feedback. There are no objective tests for whether financial analysis or advertising copy is “good.” Undeterred, AI companies set out to make such tests, collectively paying billions of dollars to professionals of all types to write exacting and comprehensive criteria for a job well done.”

“… of the more than 30 workers I spoke with occupied a position along a vast and growing data-supply chain. There are people crafting #checklists that define a good #ChatbotResponse, typically called “#rubrics,” and other people grading those rubrics. Others #grade chatbot answers according to those rubrics, and still others take the rubrics and write out what’s often described as a “#GoldenOutput,” or the ideal chatbot answer.”

“Others are asked to explain every step they took to arrive at this golden output in the voice of a #chatbot thinking to itself, producing what’s called a “#ReasoningTrace” for #AI to follow later when it encounters a similar task out in the real world. Sometimes the labs want only rubrics for prompts their AI can’t already do, which means companies like #Mercor ask workers to produce “#stumpers,” or requests that will make the #AIModel fail.”

It’s not that AI will totally replace the expertise of #WhiteCollar PhD, Legal and other specialist professions. What will happen is that hard earned expertise will be priced lower. How low? As low as AI technology can make it, think Communist era pay.

#ZeroHourWork / #work / #economics / #SupplyDemand <http://theverge.com/cs/features/877388/white-collar-workers-training-ai-mercor> (paywall) / <https://archive.md/kAiZL>

You Could Be Next

Over the last few years, a new type of AI company has emerged, like Mercor and Surge AI, staffed by and large by former white-collar workers, including former lawyers, scientists, copywriters, and screenwriters.

The Verge
FX swap points in South Korea rose across most maturities on February 4, driven by interest rate trends and a decline in asset swap supply, easing market pressures.
#YonhapInfomax #FXSwap #InterestRates #AssetSwap #SupplyDemand #Won #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103849
FX Swap Points Rise Across Most Tenors as Asset Swap Supply Declines

FX swap points in South Korea rose across most maturities on February 4, driven by interest rate trends and a decline in asset swap supply, easing market pressures.

Yonhap Infomax
The Bank of Korea’s Monetary Policy Board expressed concern over bond market supply-demand imbalances, pledging stabilization measures if needed, as expectations for rate cuts fade and supply pressures mount; attention also focused on WGBI inflows and supplementary budget risks.
#YonhapInfomax
#BankOfKorea #BondMarket #SupplyDemand #WGBI #SupplementaryBudget
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103743
Monetary Policy Board Probes Bond Market Supply-Demand—Bank of Korea Vows Stabilization Measures for Imbalances

The Bank of Korea’s Monetary Policy Board expressed concern over bond market supply-demand imbalances, pledging stabilization measures if needed, as expectations for rate cuts fade and supply pressures mount; attention also focused on WGBI inflows and supplementary budget risks.

Yonhap Infomax
Bank of Korea Governor Lee Chang-yong signals that scaling back FX hedging and overseas investments by the National Pension Service could help stabilize market supply-demand dynamics.
#YonhapInfomax #NationalPensionService #FXHedging #OverseasInvestments #SupplyDemand #LeeChangYong #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=100043
Lee Chang-yong Says 'Reducing National Pension's FX Hedging and Overseas Investments Eases Supply-Demand Pressures'

Bank of Korea Governor Lee Chang-yong signals that scaling back FX hedging and overseas investments by the National Pension Service could help stabilize market supply-demand dynamics.

Yonhap Infomax
South Korea’s FX swap points showed a mixed trend after a recent rally, with the 1-year tenor continuing to rise as supply-demand imbalances eased in the market.
#YonhapInfomax #FXSwap #SwapPoints #SouthKorea #SupplyDemand #1YearTenor #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98823
FX Swap Points Mixed After Rally—1-Year Tenor Continues to Rise

South Korea’s FX swap points showed a mixed trend after a recent rally, with the 1-year tenor continuing to rise as supply-demand imbalances eased in the market.

Yonhap Infomax
WTI crude fell 2% in New York, erasing prior gains as investors reassessed the limited near-term impact of Venezuelan oil exports amid ongoing political uncertainty.
#YonhapInfomax #WTICrude #Venezuela #OilPrices #OPEC #SupplyDemand #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98665
[New York Oil Price]Assessment of Venezuela Impact Premature—WTI Drops 2%

WTI crude fell 2% in New York, erasing prior gains as investors reassessed the limited near-term impact of Venezuelan oil exports amid ongoing political uncertainty.

Yonhap Infomax
South Korean Treasury bond futures opened lower as investors focused on supply-demand conditions ahead of the year's first government bond auctions, with foreign selling adding pressure to longer maturities.
#YonhapInfomax
#TreasuryBondFutures #GovernmentBondAuction #ForeignInvestors #SupplyDemand #Yield
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98325
Focus Shifts to Supply-Demand Dynamics as Treasury Auction Kicks Off—KTB Futures Open Lower

South Korean Treasury bond futures opened lower as investors focused on supply-demand conditions ahead of the year's first government bond auctions, with foreign selling adding pressure to longer maturities.

Yonhap Infomax
Bank of Korea Governor Lee Chang-yong clarifies that his comments on supply-demand factors were not intended to single out or blame any specific group, easing market concerns.
#YonhapInfomax #LeeChangYong #BankOfKorea #SupplyDemand #MarketConcerns #GovernorStatement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=95989

Giá nhà vẫn khó giảm do lệch pha cung - cầu. Dù nhiều dự án đã khởi động nhưng cần thời gian huy động vốn và triển khai phân kỳ, chưa thể cung cấp sản phẩm ngay lập tức. #RealEstate #BấtĐộngSản #HousingMarket #ThịTrườngNhàỞ #SupplyDemand #CungCầu

https://vtcnews.vn/vi-sao-gia-nha-van-kho-giam-ar969448.html

Vì sao giá nhà vẫn khó giảm?

Lệch pha cung cầu là nguyên nhân chính khiến giá nhà tăng, dù nhiều dự án đã rục rịch khởi động, song phải trải qua nhiều phân kỳ đầu tư, huy động vốn nên chưa thể cung cấp sản phẩm ra thị trường ngay thời điểm này.

VTC News
South Korea’s KOSPI index broke above 3,400, with analysts warning of intensified supply-demand battles and potential sector rotation as profit-taking pressures mount following last week’s rally.
#YonhapInfomax #KOSPI #KiwoomSecurities #SupplyDemand #SectorRotation #3400Level #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=81658
KOSPI Breaks Through 3,400—Analysts Warn of Heightened Supply-Demand Battle

South Korea’s KOSPI index broke above 3,400, with analysts warning of intensified supply-demand battles and potential sector rotation as profit-taking pressures mount following last week’s rally.

Yonhap Infomax