What if AI compute was distributed in the same way bitcoin distributes compute? Can’t OpenAI, Gemini, XAi or meta create a cryptocurrency where the compute is done towards solving inference?
This table was built by ChatGPT in terms of energy usage. What do you think?
A very interesting interview: @demishassabis talks about his recommendations to young people regarding AI and the radical abundance that he expects for the next 20+ years. Also his view on why AGI is a net good for humanity. Totally worth it!
https://t.co/GTYW6g0Yvl
Markets pivoted sharply last week:
✅ US Q2 GDP beat at +3.0%. But trade math masked weak demand
❌ July payrolls: just +73K, job market stalling
📉 Fed held rates, but cut odds surged post-data
🌍 US struck trade deals (EU, Japan), but hit 70+ nations w/ new tariffs
📉 Markets brace for a soft July jobs report: consensus sees just ~100K new payrolls. The weakest print in over a year.
With the Fed tying cuts to labor softness, a downside surprise could reopen the door for a September move. All eyes on Friday. #NFP#Fed
Markets are resetting fast.
📉 Bearish USD & equity bets are getting crushed as strong US data + AI rally shift sentiment.
💵 Dollar on track for first monthly gain of 2025.
🇪🇺 EU & EM assets under pressure as US resilience forces a rethink.
📊 Big day for macro tomorrow:
🇺🇸 ADP jobs, ECI wage data & Chicago PMI
🇪🇺 Eurozone CPI & flash GDP
🇩🇪 German unemployment
🇨🇳 China PMIs (out tonight)
Plenty of signals for the Fed, ECB & global growth watchers.
🇺🇸🇧🇷 Starting Aug 6, the U.S. will impose 50% tariffs on Brazilian imports, excluding key sectors like orange juice, aircraft & energy.
Brazil plays it cool, saying the move has “low economic impact”. But it’s actively seeking new partners.
📊 FOMC July vs. June:
✅ Fed held rates at 4.25–4.50% (again)
🗳 July saw 2 dissents (Waller & Bowman), June was unanimous
📉 Outlook: Inflation still “elevated”, growth “moderating”
📆 Dissent ups pressure for a Sept cut, but Fed stays cautious
👀 Market watching
#FOMC#FED
"Passive investing has overtaken active investing and shows no sign of slowing down," @camharvey notes in the latest Yahoo Finance Chartbook.
The Duke University economist points out some risks with this strategy: "Passive investing buys based on only one [criterion] — market capitalization. There is no price discovery. Passive investing does not care if the stock is under- or overvalued."
Explore more charts on the shifting investing landscape: https://t.co/vZGB1M29t5
U.S. Q2 GDP came in hot at +3.0%, but don’t let the headline fool you, most of that was a drop in imports. Underlying growth? Closer to 0.5%.
#GDP#FOMC#Macroeconomics
Prepare!
📈 Futures steady.
🎤 Fed in the spotlight. No rate move, but Powell’s tone is the real show.
👀 Big Tech earnings (MSFT, META, AMZN, AAPL) incoming.
#Markets#FedWatch#EarningsSeason#Macro
Tomorrow’s a macro blockbuster:
🧠 Fed to hold steady, but Powell’s tone could tip the curve
📉 Q2 GDP flash, rebound or stall?
💼 JOLTS tells the job market truth
🇺🇸 Trade, inventories, and confidence all hit at once
#FOMC#GDP#MacroRadar