G3T S3T FOR CHANGE

In this edition of S3T: Global Financial Outlook: 8% of financial simulations predict a bleak future for the US economy due to increasing debt. The Japanese Yen might hit new lows if the Fed doesn't cut interest rates in 2024, according to Bank of America. Suno.AI: Al Music Generation: Suno.Al creates "hit songs" from text prompts, offering up to 500 songs a day for $8/month, challenging traditional music production economics. While not aiming to replace artists, Suno.AI represents a shift towards hyper-personalization in music, amidst ethical and legal debates. & AI & Blockchain Developments Interest grows in Decentralized Physical Infrastructure Networks (DePIN) and Decentralized Al, suggesting a future less dominated by Big Tech. Generative AI & Workforce Shift: This week's ST Playbook highlights an imminent flood of productivity from GenAI, forcing a shift in workforce composition towards more effective gatekeeping roles. Opinions expressed are those of the individuals and do not reflect the official positions of companies or organizations those individuals may be affiliated with. Not financial, investment or legal advice. Authors or guests may hold assets discussed.

In this edition of ST: • Economic Growth & Challenges: New figures reveal the US economy grew by 3.4% in Q4 2023, slightly higher than initially reported. Despite this, employment in a third of states lags behind pre-pandemic levels, and consumer sentiment has dipped. • • Food Insecurity Focus: 15 states are blocking a crucial food security program for 8 million children, exacerbating summer food insecurity. This highlights the pressing issue of health equity and the need for comprehensive solutions to food deserts and related disparities. PE Housing Trends Transformation: The trend of smaller homes continues, marking the 9th consecutive year of reduction in size. Coupled with a significant increase in multigenerational households, these trends reflect changing economic realities, and may help explain consumer sentiment. Climate Innovation - Floating Worlds: Koen Olthuis and Waterstudio lead groundbreaking efforts in floating architecture, offering sustainable and adaptive solutions for communities threatened by rising sea levels. This innovative approach showcases a future of resilience and sustainability. pa Tech & Al Evolution: Nvidia's unveiling of Project Groot signals a leap towards more versatile and humane robot designs, pushing the boundaries of Al and robotics. Concurrently, the adoption of AI tools like ChatGPT is on the rise, signifying a transformative phase in technology use and acceptance. Change Leadership: How to recognize and stop zombie projects before they consume your organization's limited resources and focus.

🌸 In this edition of S3T:

• 📊 Economic Insights: Mixed signals with improving growth but persistent inflation; location and essential costs significantly affect experiences, amidst a backdrop of 2% income growth versus 3% inflation.
• 🚀 Tech Advances: Ethereum's Dencun Upgrade slashes transaction costs; innovations like conversational robots and AI software engineering pave the future of digital interactions.
• 🔍 AI Integrity: Tools to bypass GPT detectors raise concerns over AI's reputation; effectiveness and ethical implications of derivative AI products come into question.
• 🌐 Digital Identity: Surge in digital assets and products, including cryptocurrencies and NFTs; growth of virtual personas and digital fashion points to an immersive digital economy.
• 👁️‍🗨️ Key Themes: Emphasis on adapting to economic variances, leveraging technological breakthroughs, upholding AI ethics, and embracing the digital identity evolution.

🍟 In this edition of S3T: Mixed signals in the economy, compute as a public good, and the flawed economic thinking that influences our decisions.

• Economic & Finance: Mixed signals: US economic numbers and market hype stay elevated amid signs of slower growth and spending later in 2024. The middle class is harder to attain, and wealth inequality has imposed a staggering cost. Design notes for the next economy.
• Emerging Tech: Should compute be thought of - and regulated - as a public good? New research shows AI coding tools will likely spawn a new era of monstrous technical debt. Tracking AI Crypto projects.
• Change Leadership: Economics is not how things work, but rather how those in control want you to think things work. A framework for ensuring that our decisions aren't achieving the opposite of the outcomes we say we are working toward.

In this edition of S3T:

• Macro: When Silicon Valley Bank and 2 other mid-size US banks suddenly failed the bailouts represent the latest chapter in systemic moral hazard, from the "too big to fail" in 2008 to now "too many to fail" in 2023. Plus: Crypto bull market and more.
• Emerging Tech: Sora brings AI enabled text to video. AI trading going mainstream. AI adoption will be driven by blockchain. People are returning their Vision Pros.
• Change Leadership: We focus too much on trying to make people see the future. We don't spend enough time helping them see that they have a place in that future. What change leaders can learn from the hospitality industry.

😎️ In this edition of S3T:

• Emerging Tech: Bye Bye Bard, hello Gemini; how AI and Crypto will likely intersect; what the new EU regulations mean for AI.
• The Future of Urban Design: This ambitious desert city project could offer a new blueprint for ending urban sprawl and enabling more equitable access to nature.
• Nature Notes: Fights at the Bird Feeder. Scientists - with the help of citizen observers - figure out which species win the most.
• Change Leadership: Empathy is not just noticing the hardships of others; it's the courage to do something about it. Learn how to adopt and model a specific style of empathy that compels action and mobilizes people to drive change.

😎️ In this edition of S3T:

• Macro Indicators: Job numbers sound good. But do they mean what we think they mean? Healthcare Finance: Its time to abandon moral hazard. Plus: Big Mac Index.
• Emerging Tech: Don't mention GenAI on earnings calls. China's AI Governance process. Decentralized Physical Infrastructure will bring AI and Web3 together.
• Nature Notes: Women like Molly Goodnight were at the forefront of saving buffalo from extinction.
• Change Leadership: We've been taught to break goals into manageable steps or tasks. It's time to shift our perspective and learn how to break goals down into learning steps.

In this edition of S3T:

• Emerging Tech: Robots are already learning how to do chores - will they someday provide care? AI Impacts to Jobs is unclear, as we all come down off the AI hype of 2023. What is clear: AI drives new kinds of work and risk
• Macro: Inflation - even the narrow measures the Fed prefers, is up again. Plus: Jan 11 marks the first day of crypto ETF trading, after 11 funds gain SEC approval, after 11 years of SEC rejections.
• Special Feature: Taking care of you and those you care for - Change leadership can be tense, stressful, and chaotic. Self care and team care are essential for change leaders in 2024.

In this edition: • Macroeconomics: What's growing and what's shrinking in the economy. AI funding is down, Cars, soft drinks & snacks are losing their grip on Americans. • Emerging Tech: Advertising comes to Web3. Crypto is hiring (even as Big Tech is still doing layoffs) • Change Leadership Special Feature: Why we need to overcome the bias toward near-term thinking, and set up effective forward thinking in our teams. • For Paid Memberships: 8 powerful tactics for establishing effective forward thinking in your organization.

Happy Diwali! In this edition of S3T: • Action Opportunity to advocate for mobility rights. Let United Airlines know your views. • Macro: Politics is impacting the US's financial future. The S&P 493. Bitcoin gains favor vs US Treasuries. Real Estate's new buzz phrase. • Emerging Tech: GPT Apps. OpenAl to launch an App Store. The Beatles release an Al-enabled song. • Change Leadership: The Tough Questions that can help you lock on to your true purpose and path to impact.

In this edition: • Macro Economics - Inflation Insights. A look at this week's CPI and PPI data and its nuanced impact on different societal segments, introducing the Cantillon Effect. Plus: India's frequent Internet shutdowns are hampering its digital economy and citizens' well-being. • Emerging Tech: Coinbase's support for Lightning and PayPal's stablecoin, and how these developments could shape future financial transactions. How will the AI Tech Sector address Regulatory Uncertainty? • Nature Notes: Examining nature's resilience in turning former dumpsites and disaster afeas into thriving ecosystems. • For Paying Members: Designing Org & Job Family Structure - Deep dive into the future of organizational planning and talent management in the era of GenAI.