BlockBeats News, July 20th: Co-Founder of Three Arrows Capital, Zhu Su, wrote that oil might be the best analogy for AI. They both come in various forms but will eventually be commodified; both require large-scale, often state-backed capital investment to drive development; the benefits they bring will be widely enjoyed by society as a whole, but will also come with externalities that need to be properly managed — for oil, it's environmental pollution, and for AI, it could be energy consumption, job displacement, and other social risks.