Weeks ago, hedge fund investor Stanley Druckenmiller wrote an op-ed in The Wall Street Journal criticizing Treasury Secretary Scott Bessent’s decision to increase government purchases of long-term Treasury bonds in an effort to bring down yields. The op-ed sparked controversy, not so much for the fact that Druckenmiller was publicly rebuking his former protege, but
At Anthropic, Kristen Swanson’s role is to help people get better at using AI. Often, that means knowing when they should do the work themselves. “I have a job teaching people how to use AI, and I probably spend at least half of my time telling people when not to use AI,” said Swanson, who
Gallup tracking data shows that positive views of capitalism have slipped to 54%, marking a 15-year low since they began tracking the metric. The finding reflects a zero-sum view of the corporation: that companies prosper by extracting value rather than creating it. It is no surprise that the more than 200 CEOs we have interviewed over
The Japanese yen is surging, reviving an uncomfortable memory for investors: the carry-trade turmoil of the summer of 2024. Early on Wednesday, a dollar bought about 153 yen, about 4% fewer than at the start of the month and 2% fewer than at the start of the year as the Japanese currency strengthened. The currency
CUPERTINO, Calif.—Nearly 20 years ago, Steve Jobs upended the consumer hardware space by introducing the world to the iPhone, propelling Apple to unprecedented heights. While few product launches can top that moment, Apple today is poised to host one of its most exciting events in recent memory when it unveils its latest hardware, which is
An Anthropic researcher who previously worked at OpenAI just quit. He’s the latest insider who’s warned that the AI race has become dangerously reckless. Jacob Coxon announced his resignation from Anthropic on Tuesday, saying he had spent the past three years doing pre-training research at the two AI giants. “Neither company is acting responsibly,” Coxon
