BREAKING: The market now sees a record 60% chance of a 25 basis point Fed rate hike in September.
In other words, the market now believes Kevin Warsh's first policy move as Fed Chair will be a rate hike.
Talk about a turn of events.
Don’t fall for the fake Fox/GOP outrage. Two weeks ago the House passed a bill that greenlighted the transfer of Spanish territory to Morocco. Every Republican except me voted for it, but now THEY are acting shocked at the invasion.
https://t.co/a7ROEAtoOD
https://t.co/886sJycfeL
Don’t fall for the fake Fox/GOP outrage. Two weeks ago the House passed a bill that greenlighted the transfer of Spanish territory to Morocco. Every Republican except me voted for it, but now THEY are acting shocked at the invasion.
https://t.co/a7ROEAtoOD
https://t.co/886sJycfeL
What Microsoft tried to do on this earnings call is clear-cut:
They understand everyone is concerned about the pricing-power for frontier labs in light of the open-weight trend & the emergence of much more cheaply-built, yet still competitive, Chinese models. They understand the frontier labs' ability to meet spending commitments is in question as a result of that (at least, until they figure out better business models).
Microsoft wants to distance themselves from the frontier labs for this reason. They explicitly note that their cloud-revenue is 90% "non-frontier model customers". They also explicitly note that their +$50 billion backlog, growing +25% is "excluding OpenAI". The language behind these statements is not ambiguous. Microsoft does not want to be connected to frontier lab risk.
@Hupsaiya@Michael49322810 Started playing starcraft 2 since last year, not the biggest fan of the 8 worker update but it def beats most games today. Was a huge sc1 fan as a kid
NEW | California just reached a world-first solar milestone
Over HALF (51%) of electricity generation across the whole month of May came from solar power.
Battery storage is the big difference maker, enabling California to push the share of solar generation to this level.