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The Great Walkback: Sam Altman Admits He Was Wrong On AI's Economic Timeline

For three years, Sam Altman has pitched the imminent, wholesale disruption of the global economy. This week, staring down the barrel of an IPO - based on a business model that's actively being 'wholesale disrupted' by China - the OpenAI chief executive quietly admitted he got the timing wrong. Appearing on David Sen…

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Top diplomats of S. Korea, U.S. stress 'close' communication over N. Korea, peninsula peace

SEOUL/WASHINGTON, Aug. 25 (Yonhap) -- The top diplomats of South Korea and the United States have agreed to continue "close" communication and cooperation to address North Korea's nuclear issue and promote peace on the Korean Peninsula during a call, Seoul's foreign ministry said Tuesday.

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Nano Nuclear Energy Signs Commercial Framework With Tillman To Enable Nuclear Power For Data Centers

Regular readers are aware that one of our biggest concerns with the AI supercycle, and the entire AI arms race between the US and China, is that when push comes to shove, not only is there mounting grassroots opposition to data center build out across the US but, more importantly, the US is badly lagging China when …

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Como autocratas se mantêm há décadas no poder na África

O poder pode ser sedutor. Muitos que o detêm querem mantê-lo o máximo possível. Os líderes da China e da Rússia, por exemplo, já abriram, há anos, o caminho para permanecer mais tempo no cargo. O presidente dos Estados Unidos ocasionalmente fala em concorrer a mais um mandato, embora isso não esteja previsto na Cons…

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Futures Slide Ahead Of "Pivotal Week" With Nvidia Earnings. Warsh Speech On Deck

Futures are lower with Tech underperforming as the market focuses on NVDA / MRVL earnings this week; while the AI theme is pressured globally and memory stocks slump driven by a slide in the Kospi. Futures got a boost just after 7am when CNBC reported that the Treasury could use the General Account ($935BN as of tod…

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Rial Hits Record Low As Bessent Readies "Economic D-Day" Assault To Isolate Iran

In the coming hours, the Trump administration is expected to unveil a sweeping campaign to economically isolate Iran and its trading partners, with China likely the primary target. The escalation is designed to force Tehran back to the negotiating table, as its only leverage - the Strait of Hormuz - appears to be qu…

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