Tech legend Stewart Brand on Musk, Bezos and his extraordinary life: ‘We don’t need to passively accept our fate’

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A recent IRS- and academic-based study found households accrued about $116 trillion in total capital gains from 1954 to 2021, but less than a fifth of that was ever reported on tax returns as a realized gain. The study also found that households had around $16.2 trillion in total capital gains in 2021, which equates to about 94% of net national income and exceeds total wages, dividends, and interest income.

The value is not in the verification workforce. It is in what verified delivery enables. Consider a company delivering ML kernels for new hardware. Today, months go to testing and qualification. When AI writes the kernel and proves it correct in one pass, that timeline collapses to hours. A provably correct hardware design delivered in weeks rather than the year it currently takes changes the economics of an entire industry.

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