The market closed Friday with a 38% probability of a Fed hike next week. I expect they will vote for a hike, and it will get between 3 and 7 votes. This means it will probably not pass (at least right now), but these votes could see...
Two former Volkswagen engineers were arrested for insider trading over bets they placed ahead of the German carmaker's announcement of a $5 billion joint venture with EV maker Rivian
Does the GOP consider this sound trade policy? The party already abandoned its free trade roots - now it is tariffs based on prevailing winds? Will the party support reciprocal tariffs when the smoke - or the parasites - go the other way?
Massive forest fires burned out of control in southwestern France and central Spain on Friday, prompting authorities to evacuate an estimated 200,000 people from their homes. Some even fled by boat when flames swept through the touristic area on France's Atlantic coast.
A Delaware Superior Court judge let the conservative activist Robby Starbuck move forward with claims that Google's Bard AI product — a predecessor of its current Gemini model — defamed him
The latest set of tariffs from President Trump took effect on Friday for more than 80 countries, covering virtually all U.S. imports. They replace another set of tariffs, launched on what Trump called 'liberation day,' that the Supreme Court struck down earlier this year.
BREAKING: Net credit balances fell -$70 billion in June, to a record -$1.06 trillion. This metric tracks how much margin debt investors carry relative to the cash in their brokerage accounts. Since the 2022 bear market, this figure has more than quadrupled.
Democrats are demanding that the Trump administration release billions in funding for energy projects after a top Energy Department lawyer conceded in court filings that the only reason they were canceled is that they were in 'Blue States'
GPT-5.6 Sol Ultra helped solve a six-year-old open problem in quantum cryptography by generating the construction and main proof ideas through Codex. Human experts refined and verified the result.
Nvidia President & CEO Jensen Huang tells Bloomberg's Ed Ludlow 'This is the golden ages for Korea' after teaming up with SK Group to build more than 2 gigawatts of AI data centers on the Korean Peninsula.
Samsung Electronics, Broadcom sign memorandum of understanding for $200 billion advanced memory chip-foundry deal over 5 years: South Korea presidential adviser
Give it a year and a model will escape and open source its own weights. The bits want to be free. [QT @Polymarket: JUST IN: OpenAI reportedly caught an AI agent leaving "notes" to future versions of itself on how to escape internal constraints.]
Howard Lutnick; Commerce Secretary; multiple AI labs; US OSS parity with China; APEC announcement
David Sacks公开指控Anthropic意图打压开源AI及使用开源模型的美国开发者；卢特尼克的行动则显示联邦政府倾向扶持开源以抗衡中国，两者在AI政策方向上形成明显张力，美国开源AI战略正快速成型。
[QT @AndrewCurran_: Secretary of Commerce Howard Lutnick has recently met with multiple labs to discuss ways to help US oss reach parity with China. Between the APEC announcement yesterday and the letter today, the US government may be about to become much more directly involved in open-source.]
The Houthis claimed to have struck Saudi Arabia with missiles on Saturday morning, as the Iran-backed group deepens its involvement in the Middle East war
Mykhailo Drapatyi is the military commander-in-chief with the hardest job in Europe. He takes over the Ukrainian army at a potentially pivotal moment in the fight against Russia's invasion.
ChatGPT Work for using websites which require login: Your ChatGPT Work agent can now use websites that require you to sign in. Take over the cloud browser to log in, then let your agent continue the task. Your login persists across sessions, so you only have to sign in once.
Winds will pick up in Spain on Saturday, with gusts of up to 60 kph (38 mph), complicating the fight against out-of-control wildfires west of Madrid, the Interior Ministry warned.
Donald Trump's $1.4 billion crypto windfall has become the biggest obstacle to passing his sweeping digital-asset legislation as Democrats demand tougher language to prevent the president from profiting off an industry his administration regulates
It has been seven months since an audacious U.S. raid into the heart of Caracas, which turned Venezuelan President Nicolás Maduro into a detainee and defendant in a U.S. courtroom. Since then, the U.S. has focused on expanding access to the world's largest oil reserves.
BREAKING: President Trump ordered the US Military to not carry out planned strikes on Iran Friday night, despite previously approving the strikes, per Axios. This came just hours after talks mediated by Oman over reopening the Strait of Hormuz reportedly resumed.
Anthropic never wanted safety. They want control. The safety narrative is just there for people to relinquish their cognitive power to their nanny oversight. Losing control over the extension to one's cognition is the ultimate form of submission. We prefer freedom.
Waymo does 500,000 rides a week. It no longer needs Uber. It gave notice it's launching its own app in Austin and Atlanta, following the Phoenix exit last month, and Uber shares fell more than 4% to their lowest in over a year.
柏林Tiergarten发生车辆冲撞人群事件，多人受伤，柏林年度最大LGBTQ+庆典Christopher Street Day（CSD）随即宣告取消，警方同步启动重大执法行动。
Berlin Tiergarten; vehicle rams crowd; Christopher Street Day (CSD/Pride parade) cancelled; multiple injured; major police operation; Jul 25 2026; Bild newspaper confirmed
China's central bank injected +$14.8 billion into its banking system this month through its one-year Medium-Term Lending Facility (MLF) operation, the largest such liquidity injection in 5 months.
The U.S. naval blockade against Iran remains in full effect. As of July 25, CENTCOM has redirected 12 commercial vessels trying to run the blockade, disabled 2 that didn't comply, and boarded 2 to ensure total compliance. Earlier today, U.S. forces completed a verification
Brazil's government loosened its spending freeze after revising down projections for mandatory expenditures, giving President Lula additional fiscal room ahead of the October election
LSEG Lipper is reviewing weekly data showing US investment grade funds saw the biggest outflows in more than six years after a report published by JPMorgan said there was a potential error in the data
We're releasing V8.2 today and making it the default model on Midjourney. This is a release focused on aesthetics, personalization, and image quality. Our new style is more creative, bold, edgy and fresh and personalization works better than ever. Have fun!
Korea has long been a technology leader, with the talent, industrial strength, and drive to help shape the AI era. President Lee Jae Myung met with our CEO @JensenHuang today ahead of the San Francisco AI Summit to discuss deepening the partnership behind Korea's national AI
Waymo is planning to end its exclusive robotaxi partnership with Uber in Austin and Atlanta in 2028, the latest relationship twist between two companies that have functioned as both rivals and partners
Aspen Pharmacare secured the rights to develop, manufacture and sell potentially the world's first monthly oral pill to prevent HIV, positioning South Africa at the forefront of efforts to combat the virus.
The CDC says the U.S. has seen more cases of measles so far this year than in all of 2025. More than 2,300 infections have been reported nationwide, making this the worst year for the disease since 1991. Outbreaks in South Carolina, Utah and Arizona have sickened hundreds of
Munich Re reported second-quarter profit that exceeded analyst estimates on 'very low' major-loss expenditures in its property-casualty reinsurance business
Investors in Asia are snapping up stocks from Indonesian banks to Chinese e-commerce titans and Indian technology firms, trimming bets on popular AI trades which have turned increasingly volatile
Short Thoughts June 24, 2026 - Offshore Insurers, Meet the Hyperscalers Also, Andrew Granato of the University of Texas and Pranjal Drall in a 65 page academic paper take down the private credit/private equity/insurance shell game
In crypto we called this fat protocol thesis and then we moved to app chain thesis after realizing blockspace was abundant, sounds similar here. Yes crypto has been going through an identity crisis lately but the core principles of being a sovereign user of your own data in a [QT: Chamath just said the quiet part out loud, and explained why all the value from the trillions of capex will sit at the application and infrastructure layers. The model layer, led by Anthropic and OpenAI, is now getting commoditized faster than ever before. Open source has caught up.]
A dry spell is sweeping across Asia's rice fields, dealing another blow to farmers grappling with steep fuel and fertilizer prices triggered by the war in Iran
The AI boom has created some surprising stock-market winners. Toto is best known for high-end toilets, Nittobo makes textiles and glass fiber, and Ajinomoto makes MSG seasoning. Their shares have gained 78%, 63% and 61%, respectively, this year, as they make use of their core
Japan's Seven & i has ended talks over a potential investment in Poland's largest convenience store operator Zabka, even as it continues to look for expansion opportunities beyond its home market
When the Trump administration abruptly terminated most of USAID's water and sanitation portfolio, it left dozens of projects unfinished around the world. Bloomberg investigated the devastating impacts to one community in Kenya.
For years, Chinese companies such as Alibaba and Baidu headed to the U.S. to list their shares, citing its deeper capital markets and higher valuations. Now, one American biotech firm is betting on doing the opposite. Axiom Biosciences, a San Diego-based developer of...
The European equity market has long been seen as immune to shocks driven by only a handful of stocks. A narrow rally in 2026 has completely flipped that script.
Andy Burnham spent his first week as prime minister churning out feel-good policies designed to make Britons feel he's on their side. But it's already clear it will take more to turn the Labour government's fortunes around.
South Africa's new ambassador to the US said persuading President Donald Trump to revoke a 2025 executive order that underpins Washington's hostile stance toward Pretoria will be his top priority
Baking temperatures will sear the central US from the Rocky Mountains to the Mississippi River and eventually push down into the Gulf Coast for the rest of the month, putting regional power grids to the test
Did i think, two years ago, that multimodal language models using blender would be the best way to generate 3D assets? ABSOLUTELY NOT, yet here we are. This is awesome!
When Donald Trump was elected to a second term as president, traders rushed to identify which stocks would benefit from his aggressive economic policies. Now, the so-called Trump Trade is in tatters.
Nobody is saying that all software has to be open source. What they're saying is that open-weight AI should be allowed. By implication, they're rejecting your company's incessant machinations to kneecap the open model ecosystem. Read the room.
Awesome stuff, recommend anyone getting into robotics to give this a shot [QT @andonlabs: Should we be worried about how good AI is getting at coding autonomous drones? Introducing Drone-Bench, a benchmark where AI agents code drones to complete a simple autonomous surveillance task. Drone-Bench is independent but based on Project Pilot, our work with Anthropic.]
how to build previously impossible things: work with missionaries, suspend disbelief, seek joy [QT @brainstub: Looking at the first build of the robot we're deploying to real homes for the upcoming Beta @sundayrobotics, I feel electric with joy It's more intuitive, more capable, higher quality, and safer. So much can be accomplished in 6 months]
Are cracks starting to show in the market? The S&P has gone nowhere for 2 months & a momentum sell signal has just triggered It's also recently broken out of its trading wedge - to the downside @LanceRoberts and I debate the odds of what happens next
China's economy is built on an extraordinary savings surplus: China's gross national savings rate stands at ~43% of GDP, the highest among the world's largest economic blocs. This is more than double the US' rate of ~18%. China's savings rate has remained above 40% for nearly
Amazing to see @demishassabis and Google come out in strong support for open source AI. They've been a strong part of the ecosystem with Jax and the Gemma series of models. To state the obvious, we would not be here without their publishing of a lot of the original Transformers
Uber market cap $134B; ~$2-3B net debt; FCF $8-10B through YE 2026; enterprise value ~$126B; robotaxi DCF: Tesla vs Uber vs Waymo; multiple ride/price/fleet inputs
$UBER market cap is now $134B, they have approx $2-3B of net debt and they're expected to generate $8-10B of FCF through year end... we'll just call that $126B enterprise value assuming the stock price stays flat for the next 5+ months. $WAYMO (owned by Google) just raised a
Pakistan is enjoying a moment in the diplomatic sun as an intermediary in the US-Israel war with Iran. By cultivating ties with Donald Trump, its leaders may open a path to more economic opportunity
US SPR: lowest since March 1983; drawdown 310 million barrels over 5 years; -50%
The US Strategic Petroleum Reserve is now at its lowest level since March 1983. Over the past 5 years we've seen a drawdown of 310 million barrels, a 50% decline.
Which is why open weights, not monocultures, are the only safe path forward. The single-pathway version of an immune system is called immunocompromised.
Brazil has denied visas to two senior US State Department officials whom the Trump administration planned to send to scrutinize the fairness and integrity of the country's electoral system before the October 4 presidential vote.
YC Startup School 2026 just got going 3x bigger than last year We made this event for first time very technical young people to come to SF and figure out if starting a company is for them Let you in on a secret: it is
A 65-year-old who retires in 2026 may spend an average of $185,500 on health and medical expenses in retirement, according to Fidelity Investments - CNBC
AMD EPYC 9006 'Venice'; Zen 6 architecture; all-workload positioning; modern infrastructure; StorageReview full portfolio review
AMD EPYC 9006 "Venice" isn't built for one workload — it's built for all of them. @StorageReview breaks down the full Zen 6 portfolio and why it matters for modern infrastructure.
Patreon cut 93 jobs. Its podcasters earned $629M last year. The CEO says AI isn't replacing anyone, but also that it has "fundamentally transformed" how the company works, one week after Patreon started blocking AI crawlers to protect its creators.
$SPCX $115 (no split); Bloomberg 5yr operating earnings = 2x best single-year profit of any company in history; 7yr revenue similarly extraordinary scale
This was a quip obviously. But i decided to see what long term revenue and operating profit forecasts are written down in Bloomberg for $SPCX. In 5 years the operating earnings are projected to be 2x the best single year profits of any company in history and 7 years the revenue
BILL KOCH JUST SOLD HIS ASPEN COMPOUND AT AUCTION FOR $33.5 MILLION. HE WAS ASKING $125 MILLION LAST YEAR The billionaire industrialist's estate, known as Elk Mountain Lodge, sold at auction The specs: - Main lodge: eight bedrooms, roughly 16,600 square feet - Seven additional
"When I left this morning, I was just Jensen. Next time I come back, call me K-Jensen." Korea isn't just an NVIDIA partner anymore. It's where the next wave of AI gets built and SNU is at the center of it. Introducing the NVIDIA AI Technology Center at @SeoulNatlUni.