BREAKING: Nvidia and PulteGroup are partnering with startup Span to install mini data centers on the walls of new homes
Each unit packs 16 Nvidia Blackwell GPUs, 4 AMD EPYC CPUs, and 3TB of RAM - and taps unused home electrical capacity to run AI inference workloads
Fed Chair Powell plans to attend tomorrow's Supreme Court arguments over Trump's attempt to fire governor Lisa Cookโthe first time any president has tried to remove a Fed official in the central bank's 112-year history.
The case is about far more than one official's job. It could determine whether a president can remake the Fed's board at will. https://t.co/RsOU2fh9ld
โข The court's conservative majority spent years gradually eroding the independence of regulatory agencies. Now they must decide whether to make an exception for the Fed.
โข Fed independence has rested on three guardrails: the courts, the Senate, and the markets. So far, markets have barely reacted. Senate Republicans have shown little appetite to confront Trump.
"If Cook loses, then I do not have confidence in these other guardrails," said Penn historian Peter Conti-Brown. "This is the one that will create real barriers."
โข At its core, the case is about who controls the money supply. "This debate has been going on in the United States since before we had the United States," said Gary Richardson, the Fed's former historian. "This case is designed to give the Supreme Court a chance to change who decides monetary policy."
At the peak of the Gilded Age in 1910, the richest 0.00001% of the US population owned wealth equal to 4% of national income.
Now, the richest 0.00001% owns 12%.
US billionaire oligarchs today are even wealthier than the original robber barons.
Source: https://t.co/qOjOvUIRRc