Friday's Fast Five: Week of 12.30

2022’s Biggest News Stories, as Told by The Wall Street Journal (The Wall Street Journal): A timeline of 2022’s most important news stories, from Russia’s war in Ukraine to inflation and the midterm elections.

Sea Change (Oaktree): Co-Founder of Oaktree Capital Management, Howard Marks, recounts the two real sea changes he has seen in his 53 years in the investment world, and why he believes we may be in the midst of a third one today.

AI from Superintelligence to ChatGPT (Work in Progress): Breakthroughs in artificial intelligence are forcing skeptics to eat their words. We should take its risks seriously too. This article aims to show that recent technical advances lend credence to the view that AI is likely to become increasingly powerful over the next few decades, potentially even achieving a ‘general’ intelligence that resembles human abilities to think. It also aims to describe what AI safety research involves alongside this risk.

2022’s extraordinary cosmic revelations and moments in space exploration (CNN): This year, humankind glimpsed the universe in ways that were never before possible, and space missions took unprecedented leaps forward in unraveling the mysteries of the cosmos. “There is no doubt that 2022 was out of this world,” NASA Administrator Bill Nelson said in a statement. “2022 will go down in the history books as one of the most accomplished years across all of NASA’s missions.”

Vanguard economic and market outlook for 2023: Beating back inflation (Vanguard): Generationally high inflation has led to a marked slowing in global economic activity. Rapid monetary tightening aimed at bringing down inflation will ultimately succeed, but at a cost of a global recession in 2023.