特朗普账号现已上线，哲学专业毕业生投身人工智能行业

很多员工都负担不起突然冒出来的巨额医疗账单，但这种情况确实经常发生。

Many employees can't afford a hefty medical bill that pops up out of the blue, but it happens.

经济压力大的员工更容易在工作中分心，这会给公司带来巨大的生产力损失。

And employees who are financially stressed are understandably more likely to be distracted at work, costing their employers greatly in lost productivity.

幸运的是，Aflac的保险计划可以帮员工支付医保不覆盖的自付费用，而且企业无需直接承担任何成本。

Luckily, Aflac plans help with out of pocket expenses not covered by health insurance and can be offered at no direct cost to businesses.

更多详情请访问 aflac.com/Morning Brew Daily。

Learn more at aflac.com slash Morning Brew Daily.

网址是 aflac.com/Morning Brew Daily。

That's aflac.com slash Morning Brew Daily.

早上好，欢迎收听《Brew Daily》节目。

Good morning, Brew Daily Show.

我是尼尔·弗莱曼。

I'm Neil Fryman.

我是托比·霍威尔。

And I'm Toby Howell.

今天，你要了解的是特朗普账户已经上线了。

Today, what you need to know about Trump accounts, which are now live.

接着，科学家们首次从零开始创造出了类似细胞的东西。

Then scientists created something that resembles a cell from scratch for the very first time.

今天是7月6日，星期一。

It's Monday, July 6.

咱们开始吧。

Let's ride.

我的天。

My.

我的天啊。

Oh, my.

这个独立日周末可真够劲爆的。

What a fourth of July weekend.

酷热难耐、雷暴频发、烟花绽放，而我还在从上周五晚在麦迪逊广场花园参加的一场婚礼中缓过劲来。

Scorching heat, lightning storms, fireworks, and I'm still recovering from a wedding I went to on Friday night at Madison Square Garden.

托比，你还活着吗？

Toby, you alive?

快不行了，尼尔。

Barely, Neil.

我其实是在底特律的机场假日快捷酒店录这段的。

I'm actually recording this from the airport Holiday Inn Express in Detroit.

我原计划昨天飞纽约，但因为暴雨航班取消了，不过现在状态不错，挺开心的。

My flight into New York got canceled yesterday due to all the rain, but I'm feeling good and happy to be Great.

我们以为世界杯已经够戏剧性了，但昨天 FIFA 突然宣布，美国队的明星前锋法拉兰·巴洛贡可以出战今晚对比利时的比赛，场面一下子更热闹了。

So we thought we'd seen it all at the World Cup, but the drama only cranked up yesterday when FIFA surprised everyone by announcing that USA's star striker, Fallaran Balogun, would be allowed to play against Belgium tonight.

上一场比赛中，巴洛贡吃到一张有争议的红牌，按 FIFA 规则，他本该被禁赛一场。

In the previous game, Balogun received a controversial red card which per FIFA's rules would bar him from competing in the next match.

但出人意料的是，这个停赛处罚被撤销了，巴洛贡能上场了——美国球迷乐坏了，比利时那边可气坏了。

However, in a highly unusual move, that suspension got suspended and Balogun will be available to the delight of American fans and the disgust of the Belgians.

看起来，特朗普总统可能在这事里起了作用。

It looks like president Trump may have something to do with this.

是的。

Yeah.

FIFA的规则一大堆条文和子条款，可实际上每个决定都是些没名没姓的人在烟雾缭绕的后屋拍板定的。

All of FIFA's rules are like, here's a million articles and subsections, but actually every decision is gonna be made by some unnamed dudes in a smoky backroom.

对。

Yes.

特朗普、商务部长霍华德·卢甘登，还有一帮律师都参与了这件事。

Trump and Commerce Secretary Howard Luganden and a team of lawyers were involved in this.

他们专门查了慢动作回放是怎么被误用，才判了那个红牌。

Specifically, they looked at how slow motion replay was used improperly to give the first red card out.

特朗普还直接给国际足联主席詹尼·因凡蒂诺打了电话，他们关系不错，因凡蒂诺也同意重新审查。

Trump also called FIFA president Gianni Infantino, who he is close with directly, and Infantino agreed to look into it.

如果我是比利时球迷，我肯定会觉得特别冤，毕竟为了推翻这个判罚，不知道按了多少按钮。

So if I was a Belgium fan, I would feel extremely hard done by because a lot of buttons were pressed to get this overturned.

但作为美国球迷，当手机弹出那个通知的时候，那种兴奋感简直无法形容。

But as a US fan, the euphoria I felt when that push notification hit my phone, that was unreal.

巴洛贡要上演帽子戏法了。

Balogun hat trick incoming.

接下来插播一则广告，来自我们的赞助商 AltraRunning。

And now a word from our sponsor, altrarunning.

嘿，托比。

Hey, Toby.

我是不是

Have I

说过我要跑马拉松？

mentioned that I am Running the marathon?

是的。

Yeah.

你说了。

You have.

你跟所有人都讲过了。

You've mentioned it to everyone.

大伙儿都知道。

We all know.

我本来想说，我最近特别喜欢Ultra的跑鞋，毕竟我要跑马拉松。

I was gonna say that I'm really liking these shoes from Ultra since I'm running the marathon.

他们做的鞋子真的像脚的形状。

They actually make shoes shaped like feet.

大多数跑鞋脚趾部分都太窄，但Ultra的设计给脚趾留了更多空间，让脚趾能自然舒展，脚部保持自然状态。

Most running shoes are narrow at the toe, but Ultra has more room for your toes so they can spread out and your feet can stay in a natural position.

Ultra Fit的设计就是为了让你的脚趾有足够空间，提升舒适度、平衡感和力量。

The Ultra Fit is designed to give you room for your toes for comfort, balance, and strength.

不管你是在马路、人行道、越野小径，还是健身房跑步，Ultra都有适合你脚型和生活方式的跑鞋。

So whether you run the road, sidewalk, trail, or gym, Ultra has a shoe that can fit your foot and your lifestyle.

在ultrarunning.com/morningbrew使用优惠码MORNINGBREW10，首双跑鞋立减10%。

Use promo code MORNINGBREW10 for 10% off your first pair of Ultra running shoes at ultrarunning.com/morningbrew.

网址是altrarunning.com/morningbrew。

That's altrarunning.com/morningbrew.

今天早上，全球两大证券交易所——纽约证交所和纳斯达克，将放下竞争，在白宫椭圆形办公室首次共同敲响开盘钟，这一幕堪称历史性。

This morning, the world's two largest stock exchanges, New York and the Nasdaq, will bury their rivalry to ring the opening bell together for the first time in a historic Oval Office ceremony.

这场盛大仪式的背后原因，是特朗普账户现在已经正式上线了。

The reason behind all the pomp and circumstance is Trump accounts are now live.

如果你在7月4日错过了这个消息，也不奇怪——这是总统命名的儿童税收优惠投资账户，上周六才正式推出。

It's understandable if you missed this on July 4, but tax advantage investment accounts for kids, which the president branded Trump accounts officially launched on Saturday.

这意味着，数百万新生儿一出生就成了美国最大企业的股东，小心别被恶意收购了。

That means millions of babies are the newest shareholders in America's largest corporations beware hostile takeovers.

接下来咱们说说这事儿怎么运作。

So here's how this works.

简单说，这就是一个面向18岁以下儿童的储蓄账户，资金会投入一只低成本的标普500指数基金。

Basically, it's a savings account for children 18 that invests in a low cost index fund tracking the S and P 500.

特别吸引人的是，2025到2028年间出生的婴儿，将从财政部获得1000美元的启动资金。

The sweetener is that for babies born between 2025 and 2028, they'll get $1,000 in seed money from the treasury department.

其他孩子也可能获得资助，因为亿万富翁迈克尔·戴尔和几家企业已承诺支持这个项目。

Other children may be eligible for money too, thanks to a pledge from billionaire Michael Dell and several companies to support the program.

财政部长斯科特·贝森表示，目标是让年轻人尽早参与股市，从而享受复利增长带来的收益。

Treasury secretary Scott Bessence said the goal is to get more people invested in the stock market at a very early age so they can reap the rewards of compounding growth.

贝森指出，有40%的美国人完全没接触过美国股票，也没能分享他们参与创造的财富。

Besson noted that 40% of Americans have no exposure to US equities and have no stake in the wealth they help to create.

他说，特朗普账户代表了对这一模式的深刻重构。

He said that Trump accounts quote represent a profound reimagining of that arrangement.

托比，我真想看看小蒂米将来在董事会里大干一场，直接学卡尔·伊坎那样大刀阔斧。

Toby, I am looking forward to seeing little Timmy go for full Carl Icahn on the board of directors.

对。

Yeah.

咱们来聊聊复利的威力。

Let's dive into the power of compound interest.

如果你在特朗普账户里存入1000美元，按标普500历史上10%的年回报率计算，到18岁时能涨到6000美元，到55岁时能变成24.3万美元。

If you put $1,000 in into a Trump account, assuming the historical 10% S and P 500 returns, you will have $6,000 by age 18 and $243,000 by age 55.

但如果再加上特朗普账户允许的每年5000美元额外投入，到55岁时总额几乎能达到1300万美元。

But if you also add on that additional $5,000 annual contribution that is allowed under Trump accounts, you would have nearly $13,000,000 by age 55.

这些数字听起来总像天方夜谭，但这就是复利的威力。

Those stats always sound unreal, but that is the power of compounding.

所以很多人支持特朗普账户，就是因为每年持续投入，这笔钱能长得惊人，彻底改变一个人的财务命运。

So that is why, you know, a lot of people who support Trump accounts are saying, hey, this completely changes the financial trajectory of people's lives because of just how big that nest egg can grow if you contribute annually.

如果标普500真能保持每年10%甚至更高的增速——最近是这样，但谁能说这种势头能持续多久呢。

And if the S and P five hundred does actually grow 10% or more per year, which it has recently, but who knows how long that will last.

而且看起来，特朗普政府也希望其他人参与进来，不只是给孩子一笔启动资金，而是让更多人一起贡献。

And it looks like the Trump administration was also keen on other folks joining in and contributing to Trump accounts, it's not just their seed money.

他们期待的是这种滚雪球式的放大效应。

They're they're hoping for this multiplier effect.

总统的盟友迈克尔·戴尔就带头行动了。

And, you know, Michael Dell came through who is an ally of the president.

他和妻子捐出了62.5亿美元，被认为是美国历史上给儿童的最大一笔捐赠。

He pledged $6,250,000,000, he and his wife, which is considered the largest ever donation to American children.

具体操作是：如果你出生在2016到2024年之间，年龄不到10岁，而且住在家庭中位收入不超过15万美元的邮编区域，就能获得250美元的启动资金。

And how that works is that if you were born between 2016 and 2024, you are under 10 years old, you get $250 seed money in your Trump account if you live in a zip code where the median income is a $150,000 or less.

所以又有上百万的孩子，总共两千五百万名儿童，每人账户里都有两百五十美元的启动资金。

So there is another million bunch of million children, 25,000,000 with $250 in their Trump account.

另外，不少公司也表态了，说如果你们是我们的员工，我们会匹配捐款。

And then a bunch of other companies have also stepped up and saying, you look, if if you are an employee here, we will give you a match.

这些公司包括SoFi、Charter Communications、BNY、黑石、Robinhood、嘉信理财，还有美光公司也承诺向特朗普账户捐赠两亿五千万美元。

Those include SoFi, Charter Communications, BNY, BlackRock, Robinhood, Charles Schwab, and Micron has also pledged $250,000,000 to the Trump account.

看来不少企业以及几位亿万富翁也都陆续加入了进来。

So it looks like a bunch of these companies and a few billionaires are getting in as well.

表面上看这些举措挺不错，但关于特朗普账户，有哪些反对意见呢？

So they sound pretty good on the surface, but what are some arguments against Trump accounts?

一个问题是，富裕家庭可能还是受益最多，虽然你说很多孩子都有资格，但收入更高的家庭显然每年能多存不少钱，这样他们的孩子账户余额会增长得快得多。

One is that wealthier families still might end up benefiting the most because even though you mentioned that a lot of children are eligible for this, families with more disposable income are obviously gonna be able to contribute more money each year, which allows those wealthy children to accumulate far larger balances.

要知道，每年多存四千美元，几十年下来，差距能累积到上千万美元。

Again, the difference between $1,000 and $5,000 a year is millions of dollars when you stretch it out over a long time horizon.

这正是其中一个主要的批评点。

So that's one of the criticisms.

第二个问题是，它解决不了人们眼前的经济困难。如果你现在连房租都付不起，或者连买菜的钱都紧张，投资账户根本排不上优先级。

The second is it doesn't address people's immediate financial problems, because if you're struggling with rent right now, if you're struggling with groceries right now, an investment account is still pretty low on your priority list.

归根结底，十八年积累一千美元，可能并没有支持者说得那么有颠覆性。

At the end of the day, maybe a thousand dollars over eighteen years isn't as transformative as maybe some proponents are making it out to be.

从零岁到十八岁，这笔钱最多也就变成六千美元——我说‘最多’，是因为总比没有强，但这根本不够支撑一个十八岁孩子上大学。

Because again, from zero years old to 18 years old, that money's only going to turn into $6,000 Again, I say only because it's better than nothing, but that is not necessarily a nest egg that allows you to go to college at 18 years old.

所以，尽管两党都有不少人大力提倡这种账户，这些仍然是反对特朗普账户的主要理由。

So those are some of the arguments against Trump accounts, even though there are some loud voices on both sides of the aisle that are arguing for these type of accounts.

而且，给孩子存钱的方式不止这一个。

Also, it's not the only savings account for kids that are available.

其中很常见的一种是5.29账户，家长往里存钱，专门用来支付大学或高等教育的费用。

A very popular one is a $5.29 account, which you put in for your kids and then you pay for college or higher education.

金融专家说，从灵活性和税收优惠来看，这种账户其实比特朗普账户更划算，还有IRA可以选择。

And financial experts say actually this is better than a Trump account when it comes to flexibility and the tax advantages and or there's IRAs as well.

所以，这只是众多为孩子未来储蓄方案中的一种而已。

So this is just one of a suite of options that you you have available for saving up for your kids later in their life.

如果你想注册，可能你已经为孩子把529计划或IRA的额度用完了。

If you wanna sign up, you know, maybe you maxed out your five twenty nine or your IRA for your kid.

那就去 trumpaccounts.gov 注册吧。

Well, go to trumpaccounts.gov.

托比，你总说特朗普特别擅长品牌打造，这回他确实做到了。

Toby, you love saying that Trump is very good at branding, so he he absolutely did it with this.

你可以下载特朗普账户的App来激活它。

So you can download the Trump accounts app to activate it.

如果你不想这么做，也可以填一份表格，附在报税单上，叫IRS 4547表，同样能用来注册特朗普账户。

Also, if you don't wanna do that, there is an there's a form that you attach to your tax return called IRS form 4,547, which also allows you to sign up for a Trump account.

我们继续下一个话题。

Let's move on.

现在在Excel里添加行，已经不是创建新单元格的唯一方法了。

The add row function in Excel isn't the only way to create new cells these days.

科学家们已经成功从零开始培育出了一种人工细胞，模拟了构成你我身体的基本单元。

Scientists managed to make a spud cell from scratch, a synthetic version of what makes up you and me.

这种‘马铃薯细胞’其实是一个装满非生命成分的水滴，在实验室里模拟出类似细胞的结构。

A spud cell is a water droplet stuffed with non living components to create a cell like system in a lab setting.

这项成果是由明尼苏达州的合成生物学家凯特·阿德马拉和她的团队研发出来的。

It was developed by a synthetic biologist out of Minnesota named Kate Ademala alongside her team.

描述这一突破的论文目前还没有经过同行评审，但研究人员很兴奋，因为这种细胞已经能摄取营养、生长、复制DNA并分裂成新的细胞。

The paper describing the breakthrough is not peer reviewed as of yet, but researchers are excited that the spud cell was able to feed, grow, replicate its DNA and divide into other cells.

这些都属于生命的基本功能，意味着科学家们迄今为止离从零开始制造出一个功能性细胞最近的一次。

Those are core lifelike functions, which means it's the closest scientists have come to building a functioning cell from scratch.

那我们为什么要造这种假细胞呢？

Why are we trying to make fake cells?

如果合成生物学家能成功掌握这个技术，理论上我们就能像制造汽车发动机一样轻松地培育出活体器官。

If synthetic biologists nail this process, theoretically we can create living organs as easily as we can make a car engine.

这不仅能加速新药研发，还能帮我们深入理解生命的底层构成。

That can do everything from aid in new drug discovery to help us understand the building blocks of life itself.

尽管取得了突破，但‘马铃薯细胞’在技术上还不算真正意义上的生命体。

Despite the breakthrough, Spud cell is not technically considered truly alive.

研究人员得手动让它分裂。

Researchers had to manually make it divide.

在复制过程中，它的DNA经常丢失。

Its DNA is frequently lost during replication.

它没法替换老化部分，因此无法在多代中真正进化。

It can't replace its worn out bits and as a result, it can't really evolve over many generations.

说实话，离培养出脾脏或肾脏还远着呢，但这个马铃薯细胞让我们往前迈了一步。

You know, we're still a ways off from cooking up a spleen or a kidney, but the spud cell brings us one step closer.

你觉得这些科学家，小时候上六七年级的时候，听到‘线粒体是细胞的动力工厂’，会不会觉得特别激动？

Do you think these scientists, you know, when they were in seventh or sixth grade, heard mitochondria is the powerhouse of the cell and they were like, that is so exciting.

觉得这事儿得当成一辈子的事业，而我们其他人呢，就想想，哦，知道了，挺好的。

Like I need to do this for the rest of my life while the rest of us were like, okay, well that's that's good to know.

往后我关于细胞就只知道这一点了。

That's the only thing I know about cells going forward.

我觉得她给这东西起名叫‘马铃薯细胞’，还挺有意思的。

I thought the reason that then she named this SpudCells is kind of funny.

她想用这个名字来呼应斯普特尼克，就是那个在太空时代初期由苏联发射的卫星。

She wanted to remark to to evoke Sputnik, which is, you know, the Russian the the Soviet satellite at the dawn of the space age.

所以，这就是‘Spud’和‘Sputnik’之间的一个关联。

So that was one reason Spud, Sputnik.

另外，她说自己是波兰人，身上几乎全是土豆味儿，而这个细胞长得也确实像土豆。

And then the other was, she said she's Polish and she's mostly made of potatoes, and apparently this cell also resembles a potato.

所以，事情就是这样。

So there you go.

我们叫它‘Spud Cell’，就是因为它是苏联的卫星，再加上她本人像土豆。

The USSR satellite and the fact that she's made of potatoes is the reason we're calling this Spud Cell.

我一直好奇，我们为什么非得做这件事。

I was curious as to why we even are attempting this.

我的意思是，我们为什么要从零开始造一个细胞？

Because like, why do we need to make a cell from scratch?

因为从各方面看，这细胞其实挺脆弱的。

Because by all accounts, it's a pretty wimpy cell.

亚当·马拉把它描述成一个很弱的生物，现在除了吃东西、偶尔分裂出一个子细胞外，几乎啥也干不了。

Adam Mala has described it as a wimpy organism that right now basically does nothing other than eat and occasionally make a daughter cell.

它连核糖体都合成不了。

It can't build any ribosomes.

目前它根本做不了多少事情。

It can't do much of anything right now.

但很多人对这条研究路径充满热情，因为我们其实还不真正了解细胞是怎么运作的——不是它能做什么，而是什么让它能运作。

But a lot of people are excited by this path of science because we still don't really know what our cells do, not what they do, but what goes into making our cells work.

现在，还有太多组件对人类科学家来说完全是谜。

Right now, there's just so many components that are just complete mysteries to human scientists.

如果我们能逆向工程它，或许就能搞清楚这些神秘基因在我们细胞里到底起什么作用。

So if we can reverse engineer it, maybe we'll find out what some of those mystery genes do within our cells.

从零开始构建细胞，能帮我们弄清楚哪些组件才是真正不可或缺的。

So building cells from scratch lets us understand what components are truly essential.

所以这是第一个原因。

So that's reason number one.

在医学上也有不少应用。

There's also applications in medicine.

我之前提到过，你可以制造新药。

I mentioned that you can manufacture new drugs.

也许你能生产出天然细胞难以合成的蛋白质，从而推动癌症疗法的进步。

Maybe you can produce proteins that natural cells are struggling to make that leads to advances in cancer therapies.

还有像工业化学品的生产这类用途。

There's also things like manufacturing industrial chemicals.

一旦你能构建出生命的基本组成单元，能做的事情就无穷无尽了。

Ideas are endless when you can build the very building blocks of what makes us and what makes things tick, living things tick.

所以我们才深入研究合成细胞，因为只要你掌握了怎么造它们，就能用它们造出任何东西。

So that is why we're going down this rabbit hole of synthetic cells because if you know how to build them, then you can build anything out of that.

我第一次听到这个时，第一个念头可能也是你想到的：天哪，这不会是现代版的弗兰肯斯坦吧？

And one of my first thoughts when I heard this and maybe yours too, like, uh-oh, like, is this Doctor Frankenstein all over again?

我们是在从零创造生命吗？

We're making something out of scratch or making something living?

这当然可以用来做好事，但也能被用于坏事。

Well, obviously that can be used for good, but also can be used for bad.

目前科学家们似乎并不太担心用土豆细胞或合成细胞制造生物武器，因为正如你所说，这种细胞没法制造核糖体，撑不了五到十代就会自然消亡。

It doesn't seem like scientists are especially worried about say making a bioweapon from a spud cell or a synthetic cell at the moment because as you mentioned, it can't make ribosomes so it kind of dies out after five to ten generations.

它其实挺脆弱的。

It is pretty wimpy.

如果真想搞生物武器，比阿达拉玛在明尼苏达实验室里做的方法简单多了，根本用不着这么麻烦。

So if you wanted to build a bioweapon, there's just so many easier ways to do it than what had Adalama was doing in her lab in Minnesota.

所以这目前还不算什么迫在眉睫的威胁。

So it doesn't seem like this is top of concern.

而且他们也说，我们是从零开始构建的。

Also they're saying, look, we're building this from scratch.

所以我们能在设计之初就加入安全机制，就像做人工智能一样——从最基础的原理入手，就能把想要的规则直接编码进去。

So we can put in safeguards and reminded me of say, an AI where you're you're constructing it from from first principles from the very beginning, so you can kind of encode what you want into it.

因此，至少目前来看，用土豆细胞引发核毁灭或末日这种事，根本不在考虑范围内。

So doesn't seem like, you know, nuclear destruction or the apocalypse is particularly on the menu when it comes to a spud cell, at least for now.

是的

Yeah.

亚当·马拉和她的部分同事的愿景，是打造一个像Linux之于计算机那样的开源生物学系统。

The vision for Adam Mala and some of her colleagues is to create an open sourced system for biology similar to what Linux did for computers.

他们设想的未来是，你可以像编程一样精确地让细胞完成你想要它做的任何事。

So that is the future that they envision where you can program cells to do exactly what you want them to do.

如果深入思考下去，这未来确实令人着迷，也可能有点吓人，但毫无疑问，这是明尼苏达科学界的一项了不起的突破。

It is a fascinating, if maybe a little bit frightening future if you go down that rabbit hole, but a very cool development to come out of the science community in Minnesota.

向凯尔·哈吉致意。

Shout out Kyle Hagee.

接下来我们来看看本周末的精彩故事——这个环节我们会挑出两则在假期后依然鲜活、没被晒伤的新闻。

Let's move on to our winners of the weekend, the segment where we pick two stories from the weekend that emerged from the holidays without a sunburn.

我在节目开始前的小游戏里赢了，猜中了谁在底特律机场被困得最久。

I won the pre show game of who got stuck in the Detroit Airport for the longest.

那我先来分享。

So I'm up first.

我这个周末的赢家是Bending Spoons，这家神秘的意大利公司，号称是伯克希尔·哈撒韦的翻版，最近刚在纳斯达克上市。

And my winner of the weekend is Bending Spoons, the secretive Italian Berkshire Hathaway dupe that went public on the NASDAQ recently.

Bending Spoons专门收购那些被遗弃的互联网公司，比如Eventbrite、AOL和Evernote，从内到外彻底改造，然后坐收红利。

Bending Spoons specializes in buying discarded internet companies like Eventbrite, AOL, and Evernote, rebuilding them from the inside out and reaping the rewards.

它和私募股权公司不一样，不会买下公司转手就卖赚差价。

Unlike private equity firms, it doesn't flip companies for a profit.

它真正做的是优化运营——通常先裁员，再塞进自己的团队，然后慢慢把收益一点一点收回来。

Instead, works on improving operations, usually by firing old employees and installing its own spooners, then collecting earnings over time.

这家公司从2013年就存在了，但过去三年里完成了四分之三的收购，给华尔街抛出一个既吸引人又没被验证过的商业模式。

It's been around since 2013, but has made three quarters of its acquisitions in the past three years, giving Wall Street an intriguing but untested business to gnaw on.

华尔街果然上钩了。

And gnaw they did.

Bending Spoons在长周末前刚上市，股价一度飙升40%，最终收盘比发行价高出约24%，公司估值接近230亿美元。名字的由来，是致敬《黑客帝国》里尼尔打开思维、接受现实扭曲的那个场景。

Betting Spoons went public just before the long weekend and shares popped as much as 40% before closing up about 24% above its IPO price, valuing the company at just under $23,000,000,000 Neil, the name is in reference to that scene from The Matrix where Neil learns to open his mind to some reality bending truth.

看来投资者还挺愿意相信，几个意大利人真能把AOL重新变成赚钱的生意。

Looks like investors were open to the idea of some Italians turning AOL into a money making business again.

首先，意大利人赢了。

First of all, win for the Italians.

他们没进世界杯。

They're not in the World Cup.

看着我们玩得这么开心，他们肯定特别羡慕，可他们确实没资格参赛。

They must have so much FOMO watching all of us have so much fun, but they may not be in the tournament.

他们最近在美股市场融了几十亿美元，是欧洲企业在美国规模最大的IPO之一。

They did raise a couple billion dollars on the stock market, one of Europe's biggest European companies biggest IPOs in America recently.

我觉得挺有意思，他们走的路，跟华尔街和整个科技圈完全相反。

I think it's pretty interesting to see how they're zagging where Wall Street and the rest of the tech industry is zigging.

之前最大的IPO是SpaceX，他们想搞太空数据中心、人形机器人，全是那种充满AI的未来派项目。

Mean, was the biggest IPO before that was SpaceX who wants to bit wants to build space data centers and all the and humanoid robots and all this futuristic stuff that's laden with AI.

这些才是股市上最吃香的标的。

And those really been the biggest winners on the stock market.

现在冒出个意大利公司，叫Bending Spoons，专门收购AOL这类老派的网页一系、网页二系公司，想办法把它们盘活。他们赌的是，人们依然对这些老品牌有感情，愿意掏钱订阅。

Here comes an Italian company Bending Spoons that buys up AOL and these, you know, web one point o and web two point o companies and tries to fix them, and they're betting that people still have an attachment to these brands, and that they'll pay a subscription fee.

他们84%的收入来自订阅，所以他们觉得，哪怕涨价，人们依然对Eventbrite、Evernote这些十年前可能就用过的服务有感情，愿意再回头看看。

84% of their revenue comes from subscriptions, and so they think that even if they jack up the price, people still have loyalty to Eventbrite and Evernote and all these companies or subscriptions that you might have had ten years ago, they want you to take a second look.

他们觉得自己有两大杀手锏。

They think that they have two secret weapons.

第一个杀手锏是，他们瞄准的这个细分市场现在根本没人关注，因为AI热潮吸走了太多资金，风投们都在算机会成本——每投一美元到AI公司以外的地方，就意味着可能错过了一笔能翻倍的收益。

The first secret weapon is the fact that they are just in a niche of the market that is so overlooked right now, because as AI, the boom has attracted so much money because venture capital dollars are looking at opportunity costs and saying for every dollar that doesn't go into an AI company, that means every dollar is potentially not multiplying in the way that I want it to.

这就让那些被遗忘的老牌企业便宜得离谱，至少对Bending Spoons这种公司来说是这样，因为他们相信自己能施展第二个杀手锏：组建一支超级工程团队，也就是他们的‘Spooners’，成本还低，因为团队都在欧洲。

That leaves these older forgotten businesses sitting around at pretty attractive prices, at least if you are a Bending Spoons who believes that they can do their other secret weapon, which is just bring in their kind of super team of Spooners, their engineering workforce that is one cheaper because it's located over in Europe.

第二个杀手锏是，他们招人极其挑剔。

And then two, it is extremely selective.

去年他们收到了80万份简历，只录了286个人。

They had 800,000 applications and only made two eighty six hires last year.

这大约700名Spooners负责运营这些公司，一个人管好几个业务，从内到外全面改造。

So around 700 of these Spooners run the businesses, run multiple of these businesses from the inside out.

他们觉得，只要能以低价找到这些有潜力的企业，再用最顶尖的团队把它们做得更赚钱、让用户更离不开，就能打造出一个下一代的伯克希尔·哈撒韦，专门吸引那些痴迷科技的人。

So they think that if they can find these attractive businesses at attractive prices and use the best workforce possible to make them more profitable, make them stickier for users, then you have a functioning business that could potentially become the next Berkshire Hathaway for a generation of, you know, tech obsessed people.

是的

Yeah.

那位姓费拉里的首席执行官说，这就像谷歌和一家私募公司生的孩子。

The the CEO whose last name is Ferrari, of course, said that it was like if Google and a PE company had a baby.

看衰Bending Spoons的人认为，我们根本不清楚这些收购案的实际表现如何。

The bearish argument against against Bending Spoons is that we just don't know much about how these acquisitions are performing.

这些收购都太新了。

They're so recent.

他们去年完成了六笔收购，前年是五笔。

They completed six acquisitions last year, five the year before.

这占了他们总共五十笔收购中的十一笔，而且在上市前，他们的财务状况一直很不透明。

That's 11 out of the 50 that they've made total, and their finances have been pretty opaque before they went public.

所以他们之前根本没怎么披露信息。

And so they weren't really disclosing.

当然，我们进去之后，把整个团队都裁了，然后大幅提价，现在人们确实愿意为AOL和Eventbrite付不少钱了。

Sure, we went in, we cut the entire staff, and we jacked up prices, and people are paying a lot of money for AOL and Eventbrite now.

我们没有。

We no.

我们只能相信他们的话，因为时间还不够长，我们还没法看清这些收购到底表现如何。

We have we've had to take their word for it because we just haven't seen this on a long enough time scale to see how they're actually performing.

这将是Bending Spoons必须回答的诸多重大问题之一。

So that'll be the one one of the many big questions that Bending Spoons will have to answer.

而你知道，它的股价很可能就跟着这个走——作为一家上市公司，每季度公布财报后，一切都会逐渐变得透明起来。

And, you know, that's exactly what its stock price will probably track is as as they are public company and they report quarterly earnings and everything becomes a little more transparent.

当然，收购一堆陷入困境的老企业并让它们翻身听起来很棒，但我们根本还不知道这到底成功了没有。

Sure, it sounds great to buy up all of these flailing old businesses and turn them around, but we just don't know whether that's been successful yet.

话虽如此，你总没法给一个名字的酷炫程度打个具体分数吧。

I mean, you can't put a number on how cool a name is though.

所以Bending Spoons这个名字，至少在股市上应该能值一些溢价。

So Bending Spoons, that's gotta command at least some sort of multiple in the stock market.

依我看，它值230亿美元。

So that's a $23,000,000,000 company if you ask me.

好的。

Alright.

我们先插播一个短暂的广告，马上回来揭晓尼尔本周末的胜出者。

We're gonna take a quick break and come back with Neil's winner of the weekend right after this.

托比，咱们聊聊债券吧。

Toby, let's talk about bonds.

当然可以。

Oh, for sure.

听我这么说吧。

So here's my pitch.

画面开场是瑞士阿尔卑斯山。

We open on the Swiss Alps.

我穿着燕尾服。

I'm wearing a tuxedo.

选错债券的话，你可演不了这个角色。

Wrong bond, and you would be terrible for that role.

我说的是先锋基金的债券。

I'm talking about Vanguard bonds.

它们是机构级的品质，这可不是随便说说的。

They're institutional quality, and that's not just a tagline.

这是对客户的郑重承诺。

It's a commitment to your clients.

意味着全线产品都是顶级水准。

It means top grade products across the board.

产品线包括八十多种债券基金。

The lineup includes over 80 bond funds.

由一支两百人的全球团队管理，成员都是各领域的专家、分析师和交易员。

They're actively managed by a 200 person global squad of sector specialists, analysts, and traders.

想了解更多，请访问 vanguard.com/audio。

To learn more, head to vanguard.com/audio.

网址是 vanguard.com/audio。

That's vanguard.com/audio.

人工智能的效果完全取决于你输入的内容。

AI is only as good as what you put into it.

所以它需要更多蛋白质？

So it needs more protein?

不是。

No.

什么都不需要更多蛋白质。

Nothing needs more protein.

正因如此，ShipStation 的人工智能不是通用工具。

But that's why ShipStation's AI isn't a general purpose tool.

它是专门训练的，基于数十年的真实物流数据和数十亿笔实际订单。

It's specialized, trained on decades of real shipping data and billions of actual orders.

它能适应你的独特业务，提醒你库存不足，推荐快递服务商和价格，并自动化各种任务，让你始终领先一步。

It can adapt to your unique business, alerting you to low stock, recommending carrier selections and rates, and automating tasks so you can stay one step ahead.

你越早切换，就能越早节省时间和成本。

The sooner you switch, the sooner you start saving time and money.

现在就开始，在 shipstation.com 使用代码 MBDS，免费体验六十天。

Get started today and get sixty days free at shipstation.com with code MBDS.

就是 shipstation.com，代码 MBDS。

That's shipstation.com, code MBDS.

shipstation.com。

Shipstation.com.

代码 MBDS。

Code MBDS.

税费另计。

Taxes and fees apply.

托比，你早上五点就开始工作，一天下来还有多少精力去想晚饭吃什么？

So, Toby, after starting the workday at 5AM, how much energy do you have left at the end of the day to figure out dinner?

托比，醒醒。

Toby, wake up.

我醒了。

I'm awake.

我只是在表达我的观点。

Was just making my point here.

像许多忙碌又努力的职场人一样，到了晚饭时间，决策疲劳已经完全袭来了。

Like so many busy hardworking professionals, the decision fatigue has fully set in by dinnertime.

所以Forkful真的帮了大忙。

That's why forkful is so helpful.

Forkful直接与主厨合作，为你提供新鲜的餐厅级餐食，直接送到家门口。

Forkful partners directly with chefs to create fresh restaurant quality meals that are delivered right to your door.

不用切菜、不用做饭，也不用收拾厨房。

There's no chopping, cooking, or cleanup involved.

而且，你也不会对Forkful的餐食感到厌倦。

And there's no getting bored with forkful meals either.

他们的主厨会运用全球风味，搭配高品质的纯净食材。

Their chefs incorporate global flavors using premium clean ingredients.

去forkfulmeals.com/discount/mbfifty看看他们的菜单，还能享受五折优惠。

Check out their menu and get 50% off by heading to forkfulmeals.com/discount/mbfifty.

那就是 forkfulmeals.com/discount/mb5zero。

That's forkfulmeals.com/discount/mb5zero.

我的赢家是哲学专业的学生，他们发现自己的深度思考能力在人工智能时代意外地供不应求。

My winner is philosophy majors who are finding their deep thinking services surprisingly in demand in the age of AI.

你肯定听过那些关于哲学专业毕业生就业难的笑话。

You know the jokes about philosophy majors employability.

怎么让哲学专业的学生从你家门廊上离开？

How do you get a philosophy major off your front porch?

你请他吃比萨就行了。

You pay them for pizza.

但也许真正被笑的是我们，因为不少人工智能公司正在招聘有哲学背景的人才，毕竟在构建模型时，道德和伦理问题越来越受重视。

But maybe the joke's on us because a number of AI companies have been hiring people with backgrounds in philosophy as moral and ethical concerns become top of mind when constructing their models.

纽约大学知名意识哲学家大卫·查尔莫斯对《纽约时报》说，现在对具备人工智能知识的哲学家的需求，恐怕已经超过了供给。

David Chalmers, a prominent philosopher of consciousness at NYU told the New York Times, I think the demand for philosophers with AI training is, if anything, outstripping the supply right now.

这是我鼓励学生去涉足的领域。

It's an area I encourage students to go into.

我觉得这些与人工智能相关的问题还会持续相当长一段时间。

I think these issues with AI will be front and center for a good while.

去年有个播客上，谷歌DeepMind的联合创始人说，我们确实需要哲学家来帮助社会迈入下一步，因为我认为通用人工智能和超级人工智能将彻底改变人类和人类的生存状态。

On a podcast last year, the co founder of Google DeepMind said, I think we're going to need that, talking about philosophers, to help navigate society to that next step because I think artificial general intelligence and artificial super intelligence are going to change humanity and the human condition.

数据也支持他的观点。

The numbers back him up.

纽约联邦储备银行的报告指出，美国哲学专业的毕业生就业率比计算机科学专业的同龄人更高。

The Federal Reserve Bank of New York reported that American philosophy graduates are more likely to have jobs than peers who studied computer science.

2024年，有7%的计算机科学毕业生仍在找工作，而哲学专业的这一比例只有5.1%。

In 2024, 7% of computer science grads were looking for work compared to just 5.1 who studied philosophy.

托比，我思故我在，而且我还有一份工作。

Toby, I think, therefore, I am employed.

这些哲学专业的学生现在就像明星投行家一样，还没毕业就收到了大量工作邀约。

These philosophy majors are being treated like all star investment bankers are receiving job offers before graduating.

以前他们毕业后根本拿不到任何offer，但现在情况显然不一样了。

They used to not receive any job offers after graduation, but things have clearly changed.

这些哲学家在AI实验室里到底做些什么？

What are these philosophers actually doing inside of these AI labs?

他们不再只是坐在一旁，给科技公司做点表面功夫了。

They are no longer just sitting on the sidelines and maybe putting together window dressing for tech companies.

他们直接参与模型的构建，因为你在设计AI模型时，得定下行为准则。

They are helping build the models themselves because when you are crafting an AI model, you have to do things like define behavioral rules.

你得明确AI模型应该体现哪些价值观。

You have to define the values that the AI model exhibits.

而有这方面的背景，确实能帮上忙。

And to do that, it's helpful to have people who have studied something like that.

如果你想提升模型的推理能力——现在高端模型不都叫‘推理模型’嘛——那为什么不直接请那些一辈子研究推理的人来呢？

If you want to improve a model's reasoning, which are what these high end models are described as, as reasoning models, why don't you hire the very people who studied reasoning for a living?

一旦你深入探究背后的原因，就会明白，哲学毕业生被请进来，根本不是为了装点门面、摆个哲学招牌。

So once you start digging into why this is happening, it does make a lot of sense that philosophy majors are not just being paraded around as a figurehead for a philosophical movement.

他们真的深入细节，参与指导这些模型的开发和训练。

They are actually in the nitty gritty helping guide the creation and training of these models.

是的。

Yeah.

这方面最典型的例子，可能是当前这个领域的明星人物——阿曼达·阿斯凯尔，她是Anthropic公司的内部哲学家。

Perhaps the best example of this is maybe the superstar of the field right now, Amanda Askel, who is the in house philosopher at Anthropic.

Anthropic在成为一家估值万亿、即将上市、并与白宫发生争执的公司之前，就以AI模型的安全性著称。

And Anthropic, back before they became a $1,000,000,000,000 company that's about to go public and is fighting with the White House, was known for their safety for their AI models.

他们甚至起草了一份长达两万三千字的‘宪法’，作为Claude道德体系的基础。

And they even wrote a constitution, a 23 word 23,000 word constitution that forms Claude's quote moral formation.

阿曼达·阿斯凯尔在其中起了关键作用。

And Amanda Askel was integral.

这份宪法实际上就是她亲自写的。

She actually wrote it.

虽然经过了几轮修改，但他们借鉴了亚里士多德等哲学家的思想，为Claude构建了一套道德准则。

It's gone through a couple different iterations, but they they borrow from Aristotle and these other philosophical principles to create a moral code for Claude.

这一贡献很可能让她成为有史以来最富有的哲学家之一。

And that has been that has likely brought her untold riches ever known to philosophers.

你可以问Claude她赚了多少钱，Claude说Amanda Askel很可能是个千万富翁，甚至有可能是亿万富翁，这全靠Anthropic在私募市场上的表现，而且公司马上就要上市了。

You can ask Claude how much she's making, and it's she and Claude says that Amanda Ascov is very likely a centimillionaire and plausibly a paper billionaire because of how Anthropic is doing in the private markets and it's about to go public.

她很可能是历史上第一位亿万富翁哲学家。

So she could very well be the first billionaire philosopher.

我觉得企业界用哲学的一个特别有意思的方式，是IBM开发了一个模型，允许企业调整输出，以迎合不同的哲学倾向。

I thought a very fascinating way that corporate America is using philosophy is that IBM has a model that they make that has settings that allow businesses to change outputs towards different philosophical priorities.

比如你是一家特别重视公司内部和谐的企业。

So maybe you're a business that is really big on social harmony within the company.

那你希望AI的回应能体现这种价值观。

So you want your outputs to reflect something like that.

又或者像Bending Spoons这样的公司，更看重个人自由。

Maybe you're a business that like Bending Spoons for instance prioritizes individual freedom.

他们希望每个员工都能掌握改变公司走向的工具。

You want each individual to be armed with the tools to change the outcome of the company.

这些理念可以直接嵌入到模型的设置里。

You can do that within the models themselves.

所以根据不同的目标，模型可以有多种调校方式，但我从来没从哲学角度想过，这种理念会如何渗透到整个组织里。

So there are different ways to tune models based off of what your outcomes are, but I've never really thought about it from a philosophical perspective and how that might filter through an entire organization.

未来我们还会听到更多公司思考：他们到底希望员工具备什么样的价值观，想确立怎样的企业哲学，甚至可能请哲学家来帮他们调整模型，让输出更贴合这些理念。

So this is not the last we're going to hear about companies figuring out what they want out of their workforce and figuring out what their corporate philosophy is and maybe using philosophers to help them tune their models to reflect that.

给哲学家们点个赞。

So shout out philosophers.

他们在企业界的重要性，可能比你想象的要大得多。

They are more important in corporate America than you probably imagined.

你上过哲学课吗？

Did you take a philosophy class ever?

我有个室友选过哲学课，这差不多就等于我自己上过了一样。

I had a roommate who took philosophy classes, which is just as close to taking a philosophy class.

我大一的时候确实选过一门，但那门课更偏向宗教哲学。

I did have one my freshman year of of college, but it was more like religious philosophy.

具体学了啥我现在记不清了，但我知道它彻底打开了我的思路。

So I can't remember what I learned from it, but I know that it was mind opening.

你呢？

What about you?

我没上过，不过我记得选过一门量子物理课，现在想想真后悔，你室友现在赚的钱肯定比你多得多。

No, I don't think I I think I took a quantum class, but now obviously I regret it because I bet your roommate's making a lot more money than you are right now.

哲学和计算机科学双专业，这种背景在当下简直得天独厚。

Was a philosophy computer science double major, which feels uniquely positioned to capitalize on the current moment that we're in.

对。

Yeah.

说到哲学专业的就业，现在去Anthropic这类公司或者非营利机构做相关工作的，基本都得是博士。

I mean, we should add when we're talking about philosophy majors, this is the the kind that are getting employed at anthropic and nonprofits working in this space is you have to, you know, be a Ph.

博士。

D.

很多人会参加纽约大学或者牛津大学的一个项目，叫人类未来研究所。

And many of them go through this one program at NYU or at Oxford, which has like this Future of Humanity Institute.

所以你得有哲学背景，同时还得对人工智能话题特别感兴趣。

So you have to have philosophy background, but also be very interested in AI topics as well.

这确实是一条挺有意思的職業路徑。

So that is a pretty interesting career path.

哲學加上人工智能，把最古老的學科和最新的領域結合在一起。

Philosophy, AI pairing one of the oldest disciplines with one of the newest.

今天是星期一。

It's Monday.

接下來這週，你得知道這些關鍵資訊才能領先一步。

So here's what you need to know to stay ahead in the week ahead.

上半年華爾街可熱鬧了，標普500在第二季度漲了14.9%，是2020年以來最強的一季。

Wall Street had a to party about in the first half of the year with the S and P rising 14.9% in q two for its best quarter since 2020.

但最近氣氛變差了，那些一向靠譜的七大科技巨頭紛紛大跌。

But the vibes have gotten worse recently after major wipeouts from the once reliable magnificent seven tech giants.

這週投資者會仔細分析聯準會上一次會議的紀錄，想搞清楚央行到底什麼時候會降息。

This week, investors will parse the minutes from the last Fed meeting for clues on if and when the central bank could hype grates.

新一季的財報季將從這週晚些時候達美航空和百事公司的報告開始低調啟動。

Then the new earning season soft launches with Delta and Pepsi reporting later this week.

是的。

Yeah.

今年上半年确实是由少数几家公司推动的，但奇怪的是，它们并不是那七个科技巨头。

The first half of the year was definitely driven by a handful of companies, but it is kind of weird that it's not the magnificent seven.

真正撑起局面的是内存和芯片制造商，比如美光，它们成了新的七大巨头。

It is the new magnificent seven of memory and chip makers like Micron.

这些才是主要的推动力。

So those were the big drivers.

但当市场如此依赖少数几家公司时，波动就会特别剧烈。

But when you have such a concentrated handful of companies doing that, you get a very swinging market.

现在看来，医疗、工业、金融和其他板块已经开始发力，这意味着市场正在从AI和科技领域向外扩展，这通常是好事。

It does look like healthcare and industrials and financials and other parts of the market have started to pull their weight a little bit, which means we've seen a broadening just beyond AI and tech, is generally a good thing.

你当然不希望只有几家公司左右所有人的投资组合涨跌，但上半年确实就是这么回事。

You don't want just a few companies deciding how everyone's portfolios go up and down, but certainly that was the story for the first half of the year.

下半年会是什么故事，我们拭目以待。

We'll see what the story of the second half of the year is.

今晚八点，美国队将在西雅图对阵比利时队，这场世界杯比赛当然备受关注。

And then at the World Cup, The USA, of course, takes on Belgium at 8PM Eastern tonight in Seattle.

不过巴洛贡还是入选了名单。

Balogun included though.

我刚看到，比利时队打算对他的停赛决定提出申诉。

I'm just seeing that Belgium is going to try to appeal the suspension of his suspension.

真是好戏连台啊。

Lots of drama.

至于其他比赛，接下来两天，葡萄牙先对阵西班牙——其实今天就打。

And as for the rest of the tournament, over the next two days, Portugal plays Spain earlier, actually today.

阿根廷对埃及，瑞士对哥伦比亚，胜者将晋级八强，与摩洛哥、法国、挪威和英格兰同台竞技。

Argentina will play Egypt, and Switzerland plays Colombia for the chance to join Morocco, France, Norway, and England in the quarter finals.

meanwhile，温布尔登锦标赛将在本周末决出冠军。

Meanwhile, Wimbledon's later run run through the weekend when champions will be crowned.

环法自行车赛昨天已经开赛，如果你还想为自己的体能感到焦虑的话。

And the Tour de France started yesterday, if you wanna feel bad about your cardio.

今年世界杯的故事一个比一个精彩，真是停不下来。

That out the World Cup this year keeps delivering storylines that seem to outdo each other.

不仅有巴洛贡那档子事，还有佛得角跟阿根廷硬碰硬，昨晚墨西哥对英格兰那场也够刺激。

Not only do we have the whole Balogain incident, but we had Cape Verde going toe to toe with Argentina, then at that Mexico England game last night.

真希望大家都看了至少一部分比赛，实在太精彩了。

I really hope that everyone has had a chance to catch at least some of the action because it's just been so exciting.

对了，环法自行车赛我也想说说。

And then I do have a Tour de France.

有个冷知识，今年环法的起点设在了西班牙的巴塞罗那，听起来有点奇怪，毕竟叫‘环法’，但其实挺常见的。

Fun fact, the Tour de France actually started in Barcelona, Spain this year, which sounds a little like a misnomer because it's called the Tour des France, but it's not actually uncommon.

它经常在不同国家开赛。

It kicks off in different countries a lot.

以前启动过哥本哈根、布鲁塞尔、杜伊斯堡、佛罗伦萨，都干过。

It's kicked off in Copenhagen, in Brussels, in Dusseldorf, in Florence.

所以如果不是自行车迷，你可能不知道环法其实从来不从法国本土开始，今年干脆就叫‘环巴塞罗那’了。

So for non cyclers, you probably don't know that the Tour de France doesn't actually start in France, but this year it was the Tour de Barcelona to start.