A chorus of market commentators has proclaimed that the Magnificent Seven cohort is dead, and Bill Smead joins the funeral. In an interview with Business Insider on Tuesday, Smead, who manages the Smead Value Fund (SMVLX), which, according to Morningstar data, has outperformed 98% of similar funds over the past 15 years, said Mag 7
OpenAI announced Wednesday that it will spend $750 billion on infrastructure through 2030, about 25% more than it estimated earlier this year, The Wall Street Journal reported. The renewed blitz comes as its Stargate data center project appears to have stalled. The first salvo in OpenAI’s spending spree will be a $20 billion data center
Shhh…shut up. The stock market is trying to tell us something. The message begins with the chipmaker sector, which saw an electrifying surge of more than 100% in 2026 before hitting a wall in recent weeks. That selloff coincided with a rally in hyperscalers, which have forged a kind of market rivalry with chipmakers. But
White House science adviser Michael Kratsios said Moonshot, the Chinese company behind the Kimi K3, the largest open-weight LLM available, built its model by copying Anthropic’s Fable LLM while using chips that are not authorized for export to China. “Large-scale covert industrial distillation aimed at stealing patented American technology and undermining American research is unacceptable,”
I’m a summer Grinch. I do not thrive in hot climates. I don’t have money for an extravagant vacation. Perhaps my least favorite thing about summer is that my family’s sense of routine is disrupted. My two children, ages 10 and 12, spend several weeks of the summer at day camp, but we also have
Substack has launched a new feature that can show you which of your favorite newsletters are written with AI. This week, the writing and newsletter platform announced an integration with AI writing detection software Pangram that will allow users to scan posts, comments, and responses in the Substack app to see an estimate of how
