Show Notes
Today, a look at the sudden contagion across markets Thursday on the FT reporting that OpenAI's revenue run rate is supposedly lower than OpenAI has claimed, with subsequent analysis inconclusive because of the opacity of the data, allowing markets to largely come full circle from the reaction, but at the same time revealing the risk of market fragility should an important AI-linked company report something negative. Elsewhere, SpaceX is making waves in traditional telephony and earnings season is about to kick off. This and more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links
We often pass along plenty of links with skeptical takes on AI, but maybe we should balance out occasionally with more positive taks on potential for this wild AI spending to extend out over the horizon for years to come. Of course, if you would rather listen to uber-skeptic Ed Zitron, you can tune in here, here and here. UK Prime Minister Andy Burnham is in hot water after comments on the Manchester City FC case - not sure if this is existential for his status as the nation's leader, but a huge test. The Insider reports on Russia's drone that fortunately failed in August to detonate an aircraft (at a German airport) carrying ammunition bound for Ukraine.
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