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A potential U.S. ban on Chinese open-weight AI models could come at a massive cost to American businesses, as companies increasingly rely on lower-cost Chinese AI solutions, according to estimates from a researcher. Increase in Costs Increased costs from restrictions on Chinese open-weight AI models could add $3 billio
The Federal Reserve held rates steady Wednesday, but the bond market pushed borrowing costs sharply higher, sending the 30-year Treasury yield to its highest level since 2007. Peter Schiff says the selloff exposed the gap between Kevin Warsh’s words and actions. “He can talk the talk, and he talked it again today, but
Leopold Aschenbrenner turned a viral essay about artificial intelligence into Situational Awareness, a $20 billion hedge fund that returned 439% net through June. This week, after losses in the AI selloff, he was asking his investors and lenders for more cash. He also offered some of them the chance to buy assets strai
Steve Eisman says he wouldn’t want to run OpenAI or Anthropic right now, and with both labs preparing to go public, the timing stings. On the latest Real Eisman Playbook, the investor made famous by “The Big Short” pressed tech bulls Dan Ives and D.A. Davidson’s Gil Luria on whether AI model companies have any moat at