Scott Bessent has some good news for consumers this morning: The K-shaped economy is officially over! Consumers on the lower end of the income spectrum are no longer being left behind by their richer counterparts, he insists. The Treasury Secretary said he is “sick of hearing about this K-shaped economy,” during a CNBC interview yesterday,
Ads designed to influence AI agents rather than human consumers are emerging as a new marketing channel. They’re also opening up a new brand safety battleground. The big outstanding question: Once the AI platforms get wise to brands advertising to their crawlers, will they play ball or try to stamp out the practice? Here’s an
➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. ONE BIG THING Elon Musk delivers ‘totally nuts’ ‘super sci-fi’ ‘ridiculously profound’ plan for moon robots—and the stock tanks They bought the rumor and sold the news:
Ryan McPherson fought hard for his piece of Austin. Back in the spring of 2022, when it seemed like everyone was angling for homes in the Texas capital, he and his wife set their sights on a tidy four-bedroom in a sprawling new development on the east side of town. They bid $20,000 above the
In both of his administrations, President Donald Trump has wielded tariffs as a means of discouraging trade relationships with China, as well as incentivizing American reshoring, but this strategy may be backfiring. As Trump’s import tax plan continues to fluctuate, some U.S. companies who initially moved away from China are now reinvesting in suppliers there.
OpenAI has a rogue AI agent problem. In a Tuesday blog post, the AI lab self-reported two more security lapses, unrelated to its July hacking incident on the AI company Hugging Face. The incidents occurred while external parties — the UK government’s AI Security Institute and the AI security lab Irregular — were testing the models’
