Insiders knew AI models would escape the lab and wreak havoc, former OpenAI board member confesses
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Tag: economics
The brutal math behind Gen Z’s lonely weekends: $15 drinks are driving a generational ‘spending hangover’
In 1993, the classic Britpop band Blur closed “For Tomorrow” with a spoken aside: modern life, as far as their ...
Tech stocks lead steep global selloff as investors lose faith in AI chip trade
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‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO
OpenAI confidentially filed IPO papers with the SEC yesterday, setting the stage for yet another massive tech company float later ...
Nonfarm payrolls: Analysts don’t believe the U.S. government’s ‘misleading’ job numbers
Jamie Cox, a managing partner at Harris Financial Group in Richmond, Virginia (with $1.3 billion in assets under management), had ...
Sam Altman seeks new world order for AI as OpenAI slowly loses ground to Google and Anthropic
Tech stocks led declines globally overnight. The Nasdaq 100 closed down 1.54% yesterday. By contrast, the equal weight S&P 500 ...
Trump won’t get what he wants from Kevin Warsh, a source says, as inflation will force Fed up
For Esther George, the former Kansas City Fed president and one of the most reliably hawkish voices to ever sit ...
Nobel Laureate Daron Acemoglu on ‘brainless’ AI discourse, myth of capitalism and Gen Z revolution
Daron Acemoglu has a number for everything. The MIT economist — who won the Nobel Memorial Prize in Economic Sciences ...
SpaceX: When the IPO starts trading, some ‘shareholders’ will discover they own nothing at all
The stock market in New York will open at 9.30 a.m. local time as usual today and then, a few ...
Jobs giving out pay raises are in construction, mining, and public administration, says New York Fed
With Iran negotiations being the key concern of markets at the moment, though without much information to act on, UBS’s ...
Wall Street thinks there’s a chance the S&P 500 could go 20% higher by 2027
Hot off the back of another record-breaking earnings call from Nvidia, JPMorgan Private Bank’s Kriti Gupta and Nick Roberts believe it’s ...
The bond market is firing a warning shot in the direction of Washington, D.C.
The guiding hand of the bond market is moving once again, with yields at multi-year highs around the world. Investors ...
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