US, South Korea and Japan Begin Joint War Games

Without Subsidies, Is AI Unaffordable? Authored by Charles Hugh Smith via OfTwoMinds blog, Let's pull all this into an undeniable conclusion: AI is based on massively subsidizing users' costs. What's already abundantly clear but verboten to say as it would pop the bubble of AI valuations and triumphalism is that AI is unaffordable once the direct and indirect subsidies are withdrawn. Nothing that consumes this much electricity and requires such an immense scale of costly processing and memory capacity can be low-cost, never mind free. The major AI platforms and vendors are subsidizing corporate...

SK Hynix ADRs Priced At 3% Premium As Wall Street Readies Wave Of Leveraged ETFs The next test of the AI trade arrives today, as South Korean memory-chip maker SK Hynix's American depositary receipts begin trading under the temporary ticker SKHYV. Shares were priced at about a 3% premium to Thursday's close of its ordinary shares in South Korea. The $26.5 billion offering attracted demand for roughly seven times the shares available, forcing the chipmaker to scale back allocations to major investors, according to Bloomberg. The company sold 177.9 million ADRs...

President Trump on Thursday shared a post calling for the killing of Iranian leaders who won’t accept US demands, ramping up his threats against the country amid a very fragile ceasefire. The post Trump amplified was written by Marc Thiessen, who served as a speechwriter for the George W. Bush administration. “If there are two […]