SpaceX has agreed to buy up to 14 MHz of paired 800 MHz spectrum from Grain Management for Starlink Mobile, subject to FCC approval. Terms were not disclosed; the Wall Street Journal put the price at about $8bn, and carrier shares fell in the US and Australia.
Seven British banks moved tokenised sterling between each other on Thursday in the first live customer transactions of their kind. The settlement is not the interesting part. The condition attached to it is.
Sue Winston via Unsplash
Han-Hsing Tu via Unsplash
AI Economics
David Vives via Unsplash
Market Structure
Julia Taubitz via Unsplash
Semiconductors
Alex Waldbrand via Unsplash
Fixed IncomeUnder oath, four leading AI companies would not put a number on the worst case, and none said it was insured against one. A city of eight million is entitled to ask for proof.
A frontier model is trained once and served everywhere. City-by-city validation will not make it safer. It will make it unavailable, or make the rule a formality.
Permissioned pools, verified counterparties, and insured custody are producing versions of decentralized finance that compliance departments can approve.
Restored classics, anniversary runs, and 35mm programming are filling houses that first-run releases can't, and theater owners have noticed.
Half a century on, the Rolling Stones' 1971 album remains the template for how a band turns danger into durability.
Companies are moving steady, predictable workloads to owned infrastructure while keeping the cloud for everything spiky, and both sides claim vindication.
Compute is the industrial base of the next economy, and the states winning it are doing what smart industrial policy has always done.
Data center incentives hand public money and public water to trillion-dollar firms while ratepayers cover the grid bill. Communities deserve a better deal.
Taxing unrealized paper values would punish the investment that builds companies, misfire on valuation, and raise far less than promised. Europe already ran this experiment.
When the largest fortunes in history compound untouched while wages carry the tax code, a wealth tax isn't radical. It's overdue arithmetic.
Zero tuition taxes the plumber to underwrite the consultant, hides costs instead of cutting them, and crowds out the vocational paths the economy is starving for.
We decided a century ago that high school was public infrastructure. The economy moved; the promise didn't. Free public college finishes the thought.
The technology's institutional future belongs to reconciliation, collateral, and record-keeping, and that is a triumph, not a consolation prize.
Task-level benchmarks flatter the technology while firm-level statistics lag it, and policy built on either alone will misfire.
.jpg?width=1400)
.jpg?width=800)
