Chamath Warns A Government Ban On Open-Source AI Would Tank The Market And Crater Anthropic And OpenAI

After The Bombing, Tehran Confronts Widespread Ruin After more than a month of conflict, a fragile ceasefire has allowed people in Tehran to begin assessing the scale of destruction, according to a new Bloomberg report. The city, home to around nine million people, now bears widespread signs of damage, from shattered buildings to entire blocks reduced to rubble. Although the truce has been extended for now, talks between the US and Iran have stalled, with major disagreements still unresolved around nuclear activity, regional control, and military influence. The Bloomberg piece notes that the...

Governor Powell By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC remained on hold. Governor Miran dissented again because he wanted a rate cut. However, there were also three dissenters (Hammack, Kashkari and Logan) who wanted to remove the bias toward cutting from the statement. On balance, Powell said that the center of the Committee was moving toward a more neutral place in thinking about cuts versus hikes. Powell announced that this was his last press conference as Chair, but he would stay on as a Governor until he thinks...

David Stockman On America's Debt Trap: Washington Is Running Out Of Time Authored by David Stockman via International Man,With the benchmark 10-year US Treasury yield recently above 5.0%, it's time to call a spade a spade when it comes to the fiscal culprits in Washington.Yes, the Dems are now and always have been fiscal miscreants. More or less, they have functioned since the New Deal and Great Society on the predicate that Washington has first call on the incomes and wealth of the American people; and that federally directed redistribution...