Isn’t “intelligence” so ill defined we can’t prove it either way. All we have is models doing better on benchmarks and everyone shrieking “look emergent intelligence”.
I disagree a bit on “toys”. Machine summarization and translation is really quite powerful, but yeah that’s a ways short of the claims that are being made.
Yeah, again this is just semantics, a 401k in British English is 100% a pension. A UK defined contribution “workplace pension” is just a tax sheltered retirement account until it is annuitized, which is common and sensible but not necessary. The annuity is technically a totally different product, offered by life insurance companies (who interestingly with reference to above conversation would typically hold very little equity exposure backing it). Brits also call the equivalent to the social security retirement benefit the “state pension”. It’s a catch all for assets you use in retirement. Whether that’s used to fund an investment drawdown product or a life annuity or just taken out and splurged on a Ferrari makes no difference.
About half of the US population is enrolled in a pension even today…
Not true of UK defined contribution, you can do what you want just like a 401k, though it may be disadvantagous for tax purposes.
It’s pretty normal in British English to use pension as a synonym for retirement account, though I can see why you don’t like that.
35 billion of 213 total. Wouldn’t call that most. I would guess it’s more important in it’s share of profit (but maybe not even right now with the capex explosion) or of profit/revenue growth.