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Politics
‘We are near a major top’
Michael Burry attends "The Big Short" New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015.Andrew Toth | Filmmagic | Getty ImagesMichael Burry of "The Big Short" fame is sticking with his bearish wagers even as the…
Demis Hassabis’ new Google DeepMind role explained
Demis Hassabis is one of the defining figures of the AI era. Google recognized his potential early, buying DeepMind just four years after he founded it.What once began as a small London-based company now sits at the heart of Google's…
Yen rally fades after intervention as focus shifts to policy
One week after the joint U.S.-Japan intervention to support the country's embattled yen, an initial rally appears to be waning as the currency drifts lower. The coordinated involvement from the Treasury and BoJ had initially lifted the…
The drone maker powering Ukraine’s deep-strike campaign
The chief executive of Ukraine's leading arms company says Kyiv has "learned the hard way" that military strength is an essential precursor to diplomacy, describing deep strikes into Russian territory as a core tenet of the country's…
China is gaining ground in AI. The U.S. still has a major advantage
This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here.Earlier this week, Clément Delangue, the CEO of startup Hugging Face — which was recently on the receiving end of a rogue cyber…
Private equity airline raids could follow Apollo’s EasyJet takeover
More European airlines could be the crosshairs of private equity buyers following Apollo Global Management's swoop for EasyJet — with rival U.K. budget carrier Jet2 emerging as a potential takeover target.Anna Macdonald, investment…
impact on global currency markets
The Japan flag juxtaposed against a Japanese yen bank note.Javier Ghersi | Moment | Getty ImagesThe unprecedented U.S.-Japan intervention to support the yen may end up shaping market behavior. Japan has intervened in currency markets…
Gulf uncertainty is creating ‘win, win’ strategy with Chevron and other oil
With options premiums still elevated due to the military conflict in the Gulf, selling puts on an energy major posting record free cash flow offers a rare combination: high probability, real yield, and a worst-case scenario you can live…
Airbnb will spend ‘a lot more’ on AI as stock surges 15%
Airbnb shares surged 15% Friday after the company delivered one of its strongest growth quarters in years and raised its full-year outlook — a turnaround CEO Brian Chesky is directly crediting to artificial intelligence.In an exclusive…
Crypto’s infrastructure era arrives, with AI agents poised to reshape
For years, the crypto industry's biggest challenge has been finding users beyond traders. Now, some of its largest companies think they've found them in AI agents.Although speculation still underpins much of crypto's business, companies…