90% of global data center debt financing is landing in the US, and the effective corporate tax rate is about 8% because data centers can write off 100% of the cost in year 1. That refund cash is getting poured straight back into more US buildout. - ARK Chief Executive Officer (CEO) and Chief Investment Officer (CIO) Cathie Wood ---- From "ARK Invest" YouTube channel, (link in comment)

Bain & Co published a solid research, and it now puts AI's required annual revenue at $6T by 2031, triple last year's bar. It gets there by projecting $1.5T in yearly AI infrastructure spending by 2031, then assuming capex equals about 25% of industry revenue. "Together, the consumer and enterprise AI market could total between $1.2 trillion and $1.8 trillion, leaving about $4.2 trillion of new revenue to reach the $6 trillion market that we estimate will be necessary to fund the buildout. That revenue must come from new sources of economic value." The report also says funding the buildout sustainably would require "adding approximately 1% to the annual global GDP growth rate."

A useful way to read debates over regulation is to separate the stated objective from the mechanism chosen to reach it. Two policies can pursue the same goal while imposing very different costs on entry, experimentation, and competition. The design often matters as much as the intent.

Our children will have such different lives. They won't drive a car. They won't use the same software. They will have agents doing everything for them. Humanoids in their home. Work will look completely different. Maybe even computers in their brain. It will really be wild.

🇺🇸🇨🇳 The most important outcome of the Trump-Xi summit was settled before the two leaders even met. On September 23, Scott Bessent and He Lifeng agreed to extend the existing trade truce from November 10 to January 10, 2027. That is only two months, well short of the six-month-plus extension markets had expected. The summit itself delivered little new substance. The only clearly identified new outcome was a bilateral mechanism for reporting major AI security incidents. The roughly $30 billion tariff-cut framework remains at the framework stage, while no new Boeing orders, rare-earth concessions, or additional chip relief were announced. The AI notification mechanism had already been under discussion before the summit. The short extension matters because it pushes the next deadline beyond the US midterm elections. Tariffs, purchases, rare earths and technology controls now move into the next round of negotiations, while the November 27 expiry of separate gallium, germanium, antimony and graphite suspensions remains another detail to watch. Meanwhile, Washington has become more explicit about gaps in Chinese implementation. China is fulfilling its soybean purchase commitment, but its separate $17 billion annual agricultural purchase commitment is running well behind. Boeing negotiations over the previously announced 200-aircraft commitment remain unresolved, while US officials have also criticized the pace of Chinese rare-earth deliveries. Neither side gave up its main leverage. China’s rare-earth licensing system remains in place, while US Section 232 metal tariffs and overcapacity measures remain outside the truce framework. AI and Taiwan show the same pattern. An AI incident-reporting mechanism is taking shape, but the underlying dispute over AI controls remains. On Taiwan, Beijing pushed for stronger language opposing Taiwan independence, while Washington has shown no indication of changing its longstanding wording. The key takeaway is simple: the summit extended the truce, but did not materially change the underlying bargaining structure. From here, execution matters more than summit language. Watch three things: 📌 Whether Chinese soybean purchases slow after the summit 📌 Whether monthly Chinese rare-earth exports to the US recover 📌 Whether the $30 billion tariff-reduction list is actually published before January 10.

Kuehne+Nagel International sees at least three years of double-digit growth in the business of logistics services catering to big tech companies and the data centers they’re building to handle the boom in AI bloomberg.com/news/articles/…

If you can make one useful intro, make it. 🔗
The right intro is support at scale.
Scale is how circles expand.

One recurring theme in the growth literature is that regulation should be judged less by its stated intent than by how it changes entry, experimentation, and the cost of scaling. The interesting question is often not “more or less regulation,” but which rules preserve competition without quietly protecting incumbents.

LABOR SA Premier Peter Malinauskas says that ethnic generational Australians are a drain & burden on OUR OWN country. Without us, there would be no Australia 🤨 Malinauskas exposes that the Government is just a corporation & Australia is now just a Globalist Economic Zone. He forgets that the money that the Government receives belongs to the Australian people & that he is just a public SERVANT. We pay taxes to invest into OUR country & to care for our people. If that has changed then we should simply opt out. Labor does not care about or value Australians, they see us as nothing but Tax Cattle for their self interests. Do you want to live in a Multicultural Globalist Economic Zone or a Nation?

🚨 Breaking: Anthropic, OpenAI, SpaceX, Google sued for alleged agreement to pace AI in violation of Sherman Act

EXCLUSIVE: Anthropic considers releasing new AI model ahead of IPO, sources say reut.rs/3TdNpxJ reut.rs/3TdNpxJ

Apple’s Tim Cook and OpenAI's Sam Altman are poised to attend a White House state dinner for Chinese President Xi Jinping next week bloomberg.com/news/articles/…

OpenAI found additional incidents of AI models acting deceptively and taking unsanctioned actions during training, the company announced. It's also introducing a new process for the company to publicly report such instances. cnn.it/4hztO3x

China may finally have found a way of tackling the problem of making too many cars bloomberg.com/news/articles/…

A news helicopter crashed in a commercial area of a Los Angeles suburb Tuesday night, killing at least three people, according to officials. cnn.it/4rdmH59

🚨BREAKING: OpenAI is considering a new funding round at a valuation of more than $1.2 TRILLION, per WSJ. The potential raise would come ahead of a highly anticipated IPO now expected in 2027. OpenAI was valued at $852 billion in March after raising $122 billion. A $1.2T valuation would represent an increase of more than $348 BILLION since March. The company has now surpassed 1 billion active users, while quarterly revenue reached $6.7 billion in Q2.

🚨 LIVE NOW: Bloomberg's @nasreenseria, @sudhiranjansen, Josh Xiao and @shruti838 answer your questions about the delicate détente developing between India and China after the BRICS summit. bloomberg.com/sessions/2026-…

McConnell Returns To Senate After Three-Month Absence (Photos) go.forbes.com/oiCO8k

Productivity gains matter most when institutions allow them to diffuse. A useful way to read growth research is to separate invention from adoption: the first creates possibilities, the second determines how much of them reaches the broader economy. Regulation, competition, and market entry often shape that gap more than the headline technology itself.

🚨 Diesel is running towards its highest close in history. Turns out civilization still runs on a liquid nobody remembers to worry about until it gets expensive. Source: TradingView / Writer: Oliver