Senate's Rush To Regulate AI Chatbots Is Bad For Everybody

Alphabet Raising $80BN In Equity To Fund Capex, Including $40BN ATM Offering And $10BN Deeply Discounted Deal With Berkshire As we have discussed ad nauseam in the past years, perhaps the biggest mystery surrounding the entire AI supercycle, is where will the hyperscalers find the funds to pay for the trillions in projected capital spending now that most of their Free Cash Flow is flat or negative (with the exception of Microsoft). And while many are forced to resort to aggressive debt issuance with Morgan Stanley estimating that credit markets will...

When former FBI director Robert Mueller died in March, the New York Times eulogized him as a “button-down, lockjawed, rock-ribbed exemplar of a vanishing caste.” Media tributes poured in as if Mueller was the law-enforcement version of Mother Theresa. Mueller’s abuse of power goes way back But tell that to the Liberty City Seven, victims in a […]

Iran Rejects Direct US Talks Amid Escalation As Israel Attacks Key Petrochemical Plant At South Pars Gas Field Summary:  A Sunday night Axios report on a US-proposed 45-day ceasefire has by Monday morning been rejected by Iran: diplomatic talks are "absolutely incompatible with ultimatums, crimes, and threats to commit war crimes," the Foreign Ministry said. Israel strikes large petrochemical plant at South Pars, which is responsible for half of the country’s petrochemical production. There's been another extension of what had been a 10-day deadline for Iran to open the Strait of Hormuz - a...