Amazon's Anthropic Stake Is Leading to a Huge Windfall

Amazon said it received a major boost from its previous $13 billion worth of investment in Anthropic.

Maybe we shouldn’t give 24-year-olds billions of dollars to bet on AI

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The humbling of Leopold Aschenbrenner: The market doesn't care how smart you are.

Leopold Aschenbrenner's hedge fund collapse shows how even brilliant investors can get crushed when markets turn.

Citadel buys Situational Awareness equity holdings after steep AI losses

Deal comes after Leopold Aschenbrenner’s investment firm held overnight crunch talks with investors

Kevin Warsh’s concerning communication style

Fed chair’s press conference exposes the shortcomings of his approach

Are investors really getting cold feet about the AI boom?

It is not clear whether there has been a serious change of heart about the trade underpinning the stock market

Kevin Warsh's Stripped-Back Fed Communication ‘Already Backfiring’, Say Investors

Traders warn lack of guidance on interest rates erodes US central bank’s influence on Treasury market

AI-focused hedge fund sells all of its stocks

Situational Awareness sells to Ken Griffin's Citadel.

“And We Call Ourselves Situational Awareness.”

The hedge fund Situational Awareness, founded by former OpenAI employee Leopold Aschenbrenner, who had no previous hedge fund experience, “rapidly sold a large portion of its public equity holdings” as losses mounted. The fund employed only eight people, of whom four were investment professionals. Aschenbrenner named the fund after some essays he wrote.

Google is spending $10 million to train electricians.

The company announced the grant last week, which is supposed to support an effort to train 100,000 electrical workers and 30,000 apprentices across the US. A shortage of electricians has hampered efforts to add new, clean energy to power grids. And Google and other tech giants need more electricity for energy-hungry AI data centers.

America’s startup boom offers hope for the future of work

MANY AMERICANS long to be their own boss. Their yearning is as old as the Republic itself: Thomas Jefferson thought the ideal citizen was a yeoman farmer, whose economic independence allowed him to participate in civic life. For decades, 60% of Americans have said they want to be self-employed. Yet in recent years fewer than 10% have been.

U.S. Economy Grows at 1.5% Rate in Second Quarter

The report captures a three-month stretch shaped by the Middle East conflict and a surge in energy prices.