The Valley Current®: Class Action Lawsuits Do Sometimes Work
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
Release Date: 03/23/2024
The Valley Current®: Who wants to be a Trillionaire?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
Traditional companies (such as oil, telecom, and automotive) are being disrupted by companies like Amazon, Nvidia, and Tesla, positioning individuals like Elon Musk, Jensen Huang, and Jeff Bezos to become the world’s first trillionaires. This shift in wealth concentration poses significant challenges in society due to its magnitude and implications. The pace of technological advances in AI and computing is exponential compared to past industrial revolutions, and most cannot grasp the implications these advances will ultimately have. One insight rarely discussed due to regulatory constraints...
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The Valley Current®: Do Prediction Markets Offer Less Uncertainty?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
Can political prediction markets act as a better analyst than polls and pundits? In prediction markets where people bet real money on election outcomes, Donald Trump’s odds of winning another term spiked at 66% following his assassination attempt while Joe Biden’s sunk to 25%. In fact, the markets suggest it is increasingly probable that Biden will not even secure the Democratic nomination! Similar to polls, it is possible that prediction markets can be manipulated and not capture the full picture of what the entire public truly feels, but is one significantly more accurate than the...
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The Valley Current®️: What Are Prediction Markets Telling Us?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
Does Biden still have a viable shot at winning another term in the White House? As the race for the presidency gets heated so are the prediction markets, and gamblers at currently have their monies on Trump. Although prediction markets cannot be guaranteed to be completely random, they do reveal instant reactions to debates, speeches, and any economic factor that people would consider before going to the polls. Today Professor Sam Savage teaches host Jack Russo how Bayesian statistics expresses probability and affect the political predictions markets. Jack Russo Managing...
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The Valley Current®: How safe tax-wise are SAFE Agreements?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
Are SAFE (Simple Agreements for Future Equity) as safe tax-wise as convertible debt? SAFEs were created by Y Combinator to simplify fundraising by avoiding lengthy negotiations associated with convertible notes, and unlike traditional loans, a SAFE agreement is a promise for future equity. Tax treatment varies depending on whether a SAFE is considered debt or equity. This means investors can deduct total losses from their taxes, which is beneficial if the startup fails, and losses are classified as capital losses (with a $3,000 annual deduction limit) when treated as equity. So, what...
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The Valley Current®: What is AI's likely impact on IP law?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
What a fine line between protectible invention and expression (as opposed to public domain idea and unprotected material) in AI-generated content? This, in turn, leads us to question just how “involved” AI can be in an invention and writing with a human still claiming ownership of the results. AI is quickly reshaping industries, but as AI capabilities grow, the issues of ownership and IP become more complicated. The USPTO’s guidelines now allow patents for human-instigated AI inventions, but not AI as the sole inventor. The use of AI is also creating new ethical boundaries with...
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The Valley Current®: How Does A Simple Message Work?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
What really happens in a successful Presidential debate? Do we even know anymore? Between Joe Biden’s word salads and Donald Trump lacking substantive content, it’s hard to determine who is the least appealing candidate. Both candidates failed to connect with undecided voters as the debate started with national and global conflicts and quickly derailed into heated, personal attacks and name calling. Biden’s flustered and forgetful tone, which greatly highlighted Trump’s energy and confidence, had the Democrats re-evaluating their candidate, but Biden also failed a few...
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The Valley Current®: How Does Entrepreneurship Happen in Laos?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
Is there anything more challenging than starting an independent (in franchised) travel business in the midst of Covid-19 and in a foreign county that is difficult to get to and rains heavily half the year? One entrepreneur delights us in showing how he did this in a very different corner of our world. Travelling not only pushes us outside our comfort zone, but it also encourages us to learn about different people and cultures that expands our perspective on life. Tours, while informative, can be a rowdy and impersonal way to quickly explore new countries. After 20 years of working for tour...
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The Valley Current®: Is Citizen Trump Also Changing Federal Tax Law Enforcement?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
Donald Trump’s taxes (and the tax code in general) have been a major source of controversy for years. Until now, inflating the value of your property to secure better loan agreements then later devaluing the same property has lurked in a gray area where this magnitude of asset manipulation has explicitly been labeled as illegal. By closing this loophole, the IRS expects to gain at least $5 billion per year in revenue through the next 10 years. Today host Jack Russo and CPA, Steve Rabin discuss this major crackdown on partnership basis loopholes and the consequences it will have on...
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The Valley Current®: Will AI change the way juries are selected?
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
The future of Artificial Intelligence boils down to two possibilities: it’s either your average search engine that’s been overblown or it’s an amazing experiment already being leveraged at its infancy. More than likely the future will be fueled by augmented intelligence – meaning it needs human involvement supported by AI. Increased levels of intelligent automation will result in big shakeups for knowledge workers as new features roll out that will boost productivity and remove factors such as human error, biases, and emotional reactions. Today Jack Russo heads over to to discuss how...
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The Valley Current®: Entrepreneurship in Laos
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
A college degree is no longer a guarantee you’ll land a rewarding, high-paying job. This is what happened in Laos to Phengta Fachalem, whose family sacrificed the farm to get her educated only to find out that her pharmacology degree wouldn’t earn her enough to support herself. Not willing to let her degree go to waste, Pheng is teaming up with Don Elan to create and fund her own pharmacy in her province. Host Jack Russo and Don Elan discuss the urgent need for American micro investors to change the trajectory of an entire community in Laos. Want to support Pheng and the...
info_outlineHow many times have you looked at your email, found an invitation to join a class action lawsuit, and wondered if it’s even worth it? While there’s usually little to no downside to joining these lawsuits, it may take years for the case to settle with a laughably minimal payout due to the large number of claimants. However, sometimes the real payoff comes in the form of programmatic relief the way it did for CPA Steve Rabin when he took on PricewaterhouseCoopers for age discrimination. Today host Jack Russo finds out how Steve Rabin opened the door for other older financial workers facing age discrimination in hiring decisions.
Jack Russo
Managing Partner
https://www.linkedin.com/in/jackrusso
"Every Entrepreneur Imagines a Better World"®️