Nobel Fund Grows 200 Times! What’s the Key Lesson?

10-10

2024 Nobel Prize: How the Nobel Fundation Grew 200x in 120 Years?

Recently, the Nobel Prize winners for 2024 are being announced.2024 Nobel Prize in Chemistry awarded to David Baker from the University of Washington for computational protein design and Demis Hassabis and John M. Jumper from Google DeepMind for protein structure prediction.The 2024 Nobel Prize in Physics was awarded to John J. Hopfield from Princeton University and Geoffrey E. Hinton from the University of Toronto for foundational discoveries in machine learning with artificial neural networks.According to the official Nobel Prize website, the prize amount for each Nobel Prize in 2024 is 11 million Swedish kronor (approximately $1.034 million). As of 2022, the value of the Nobel Prize money has increased by 316% compared to its original amount.Initially, Nobel foundation was only 31 milli

2024 Nobel Prize: How the Nobel Fundation Grew 200x in 120 Years?

Tiger_story

10-15

Nobel Prize New Laureate Acemoglu: How to View the Current Development and Risks of AI?

The 2024 Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson, and James A. Robinson for their profound research on “how institutions are formed and affect prosperity.”The Importance of Institutions and Economic ProsperityThe research by these three economists emphasizes the crucial role that social institutions play in national prosperity. They point out that the lack of rule of law and exploitative institutions can severely hinder economic growth. This perspective provides important theoretical underpinnings for policymakers, reminding them that while promoting economic development, they must also focus on improving institutions. This is not just a reflection on traditional economic growth models, but also a deep insight into the current challenges of global econ

Nobel Prize New Laureate Acemoglu: How to View the Current Development and Risks of AI?

KSR

10-11

👍

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