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China's Moonshot Eyes IPO After Sparking Another "DeepSeek Moment" For US AI Stocks
China's Moonshot Eyes IPO After Sparking Another "DeepSeek Moment" For US AI Stocks
Chinese startup Moonshot AI sparked another DeepSeek-like moment for US AI stocks and hyperscalers last week. David Sacks, the former White House AI and cryptocurrency czar, warned that this is "very concerning."
Moonshot AI debuted Kimi K3, which ranks number three on the Artificial Analysis Intelligence Index, trailing only OpenAI's GPT-5.6 Sol and Anthropic's Fable 5. This only shows the continued trend of open-weight models toward the AI frontier.
Kimi K3 has emerged as a top challenger across reasoning...
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Sep 1, 2026 / Tyler Durden
Is Germany Preparing To Unveil A Wealth Tax?
Is Germany Preparing To Unveil A Wealth Tax?
Submitted by Thomas Kolbe
Will 2027 be the year the wealth register is introduced? Labor Minister Bärbel Bas confirmed this week on Bild that her ministry plans a representative survey of citizens next year on their assets and their views on distributive justice. A classic about-face by this government: just three weeks earlier, Bas had categorically ruled out any such plans.
Concretely, a tax-funded data collection effort involving roughly 5,000 citizens is planned. The rollout will run through an external research institute as part...
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Aug 26, 2026 / Tyler Durden
Yet Another Church Torched: Cause "Unknown"
Apr 30, 2026 / Tyler Durden
$25 Billion: Hegseth Accused Of Lowballing Cost Of Iran War
$25 Billion: Hegseth Accused Of Lowballing Cost Of Iran War
Pentagon chief Pete Hegseth has been in a very public spat and back-and-forth with Congressional Democrats over the Trump administration's $1.5 trillion Pentagon budget request, as well as over Iran war strategy and mounting costs.
Hegseth has turned to some classic wartime fearmongering: "What is it worth to ensure that Iran never gets a nuclear weapon?" - he posed to members of Congress when pressed in a hearing.
Hegseth called the "reckless, feckless, and defeatist words of congressional Democrats" the United States' greatest...
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