🩳 A Friday Short (Edition #1)

🧠 Top of Mind Technology

• We’ve talked extensively in this newsletter about AI as well as the potential impact of the technology on many types of jobs. But overall, Does technology help or hurt employment? This article from MIT dives deep to answer that question.

• Along the same lines, we have also discussed how forms of AI could violate various copyright and intellectual property laws. Ex-Google CEO Eric Schmidt says this is not a coincidence.

• The uniforms of Olympic athletes are much different than what the average person wears for competition. For US athletes in particular, advanced technology from Nike has been leveraged to give our athletes an edge in the field of play. Read more about the science behind these uniforms here.

🍪 Business Bites

• Interested in seeing how active fund managers are performing against the S&P 500? The stats from the website SPGLOBAL may change your mind on how active you need to be in your investments. Take for instance, the stat that in the past 10 years, less than 13% of fund managers beat the S&P 500.

• The biggest business story of the week was the departure of Chipotle CEO Brian Niccol take over the same role at Starbucks. It begs the question, why would a CEO who has overseen a company whose stock is up over 200% in the past 5 years for a struggling Starbucks (whose stock is down 2% over the past 5 years)? Turns out, there is 85 million reasons why.

• Have a potential inheritance coming in the near future? Here are the top 6 assets you want to be receiving with an inheritance.

🏏 Heavy Hitters

• If you were to compress earth’s existence into a 24 hour day, life would first appear at 4am, plants would first appear at 10pm, dinosaurs from about 11pm-11:40pm, and humans emerge at 11:59pm.

• For the past 24 years, the ice cream brand Ben & Jerry’s has actually been owned by Unilever, a consumer products company behind some of the largest cleaning and home supplies in the world.

• Every Amazon employee spends 2 days a year working the customer service desk to better understand the customer service process.