as an effect their perp on hyperliquid dropped 3.7% down post fable launch (makes sense)
regulatory headline risk on your most advanced model is exactly the kind of thing that hits a pre ipo valuation especially when the dispute itself signals this could escalate or set a precedent for the whole industry.
waking upto the news that us govt just ordered anthropic to pull fable 5 and mythos 5 for all users, citing national security.
either anthropic feels confident enough in its safety case to risk a public fight with the govt, or this directive is shakier than it looks.
given what they're describing as the "jailbreak" (a known minor issue other models can replicate too), i'd lean towards the latter.
if this becomes the bar, every frontier lab has a problem, not just anthropic.
BREAKING: The SpaceX, $SPCX, IPO will be quoted at 9:50 AM ET today and begin trading at 10:00 AM ET.
Currently, the stock is indicated to open ~25% higher, making SpaceX the 7th largest public company in the world and Elon Musk the first trillionaire in history.
following up on yday's cpi print:
ppi came in hotter than expected at +10.7% m/m and +36.6% y/y. food prices also accelerated while services inflation remains elevated.
markets reaction remains surprisingly muted.
either investors believe these pressures are transitory, or they've become comfortable with inflation settling well above the Fed's target.
US cpi came in at +4.2% yoy. core at +2.9%. both exactly where the market expected.
worst print since 2023, but no one flinched. whats interesting is the fact that markets had already priced in an energy shock driven by the iran conflict and moved on.
the fed seem to be now dealing with persistent inflation running double their target with no obvious catalyst to bring it down fast.