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US Producer Prices Cooler Than Expected In March Despite Surge In Energy Costs
US Producer Prices Cooler Than Expected In March Despite Surge In Energy Costs
The month-over-month change in producer prices had accelerated for five straight months ahead of today's March data, which is expected to surge thanks to Iran-war impacts on energy costs.
Against expectations of a 1.1% MoM rise, March's Headline PPI shocked everyone by rising only 0.5% MoM (equal to the revised lower 0.5% MoM rise in both of the last two months). This pushed PPI up 4.0% YoY (the highest since Feb 2023) but well below the +4.6% YoY...
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May 1, 2026 / Tyler Durden
Google DeepMind Veteran Raises $1.1 Billion For AI That Doesn't Train On Human Data
Google DeepMind Veteran Raises $1.1 Billion For AI That Doesn't Train On Human Data
Authored by Jason Nelson via decrypt.io,
In brief
DeepMind veteran David Silver raised $1.1 billion for his new startup Ineffable Intelligence at a $5.1 billion valuation.
Silver says reinforcement learning, not large language models, is the best path to superintelligence.
The startup aims to build AI “superlearners” that learn through simulations and self-play.
David Silver, the DeepMind scientist behind AlphaGo’s historic 2016 win over world Go champion Lee Sedol, has raised $1.1 billion to launch a startup betting that the next...
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Jun 10, 2026 / Dave DeCamp
Axios: US Wasn’t Sure If Iran Intentionally Downed Apache Helicopter Before Trump Ordered Strikes
Axios reported on Wednesday that the US still had not determined whether Iran intentionally downed a US Apache helicopter in the Strait of Hormuz before the US began bombing Iran on Tuesday night. For its part, Iran never took credit for downing the Apache, and Iran’s deputy foreign minister denied that Tehran was behind the […]
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Jun 18, 2026 / Dave DeCamp
Netanyahu Reaffirms Israel Won’t Withdraw From Lebanon Despite US-Iran MoU
Israeli Prime Minister Benjamin Netanyahu on Thursday reaffirmed his position that Israel won’t withdraw from southern Lebanon and end its war in the country despite the US-Iran Memorandum of Understanding that calls for an end to the conflict. “We will restore security and prosperity to northern towns,” Netanyahu said. “That requires maintaining the security zone […]
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