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"A Lot Of BS, Honestly": Apollo Head Says Everyone Is Measuring AI Wrong
"A Lot Of BS, Honestly": Apollo Head Says Everyone Is Measuring AI Wrong
The tokenomics debate got its sharpest contrarian voice this morning, and it came from inside the building.
John Zito Photographer: Jeenah Moon/Bloomberg
John Zito, co-president of Apollo Asset Management, sat for a fireside chat at the Morgan Stanley US Financials Conference on Wednesday, where he suggested to Bloomberg that measured per unit of intelligence delivered rather than per token, prices are collapsing - even as low-value usage drives the actual bills up.
"I think tokenmaxxing and token talk is - it's a lot...
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Turkish State Takes Near-Total Control Of US-Sanctioned Bank Over IRGC Ties
Turkish State Takes Near-Total Control Of US-Sanctioned Bank Over IRGC Ties
On September 4, the US Treasury unveiled sanctions against a Turkey-based bank and two of its subsidiaries, accusing them of moving tens of millions of dollars on behalf of Iran's Islamic Revolutionary Guard Corps (IRGC) Quds Force and facilitating Tehran's movement of funds across the international banking system.
It did not take long for the Turkish government to sweep in and act to contain the damage and what some interpret as a national reputational hit, which was one of the opening...
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