The Market
As American hyperscalers face spiralling capex and lagging returns, comparing strategies with China exposes a fundamental divergence driving the global AI race. The Market Tumult Late July brought a sharp end to the months-long chip stock rally. Triggered by South Korean chip giant SK Hynix - whose shares dropped nearly
Explainers
Central Banks A central bank is a public institution that a nation's currency - or that of a currency union, like the EU - and controls the money supply. It's primary goal is maintaining price stability, though some central banks also carry a mandate to support maximum employment.
Ideas Lab
An AI Sovereign Wealth Fund Recently, Sam Altman proposed allocating a 5% equity stake in OpenAI to the Trump administration; the initial step to distributing AI-generated wealth among the American public through a newly established US sovereign wealth fund. Under this proposal, other leading AI development labs would be
The Market
“Smart Tech is making War a Dumber Choice.” This provocative headline from last week’s Economist highlights a profound truth: the nature of modern warfare has been fundamentally transformed. There are two critical developments behind this. First is the advancement in drone technology. Versatile capability at a minimal price tag
