1 month ago
Intense volatility led to a meltdown of levered positions held by Leopold Aschenbrenner's hedge fund last month.
The market was caught off guard, and fears of wider contagion briefly circulated.
Polymarket says its users saw the issues that hit the fund forming long before the news broke.
The meltdown of Leopold Aschenbrenner's hedge fund may have come out of left field for many market watchers, but Polymarket says traders on its platform saw it coming.
The implosion of the AI wunderkind's Situational Awareness at the end of July shocked the market, with fears of wider contagion percolating before Citadel swooped in to buy the soured stock portfolio and stoke a fresh tech rally in the process.
#meltdown #hedge
The market was caught off guard, and fears of wider contagion briefly circulated.
Polymarket says its users saw the issues that hit the fund forming long before the news broke.
The meltdown of Leopold Aschenbrenner's hedge fund may have come out of left field for many market watchers, but Polymarket says traders on its platform saw it coming.
The implosion of the AI wunderkind's Situational Awareness at the end of July shocked the market, with fears of wider contagion percolating before Citadel swooped in to buy the soured stock portfolio and stoke a fresh tech rally in the process.
#meltdown #hedge
2 months ago
GENEVA — Chinese government officials are using the United Nations' AI for Good summit in Switzerland this week to, in part, reframe the open-source models that have proliferated in China. The implicit pitch: In contrast to the most advanced US models, which can be restrictive and expensive, open-source AI tools can be a development tool for lower-income countries.
"Open source is good for all countries and all groups and all people, and I believe that is the right direction," Yu Xiaohui, the president of a Chinese government think tank, said Tuesday at a panel hosted by the Chinese government.
Beijing is leaning on its geopolitical allies to advance that vision, as it looks to shape how the technology is governed worldwide and pitch itself as the developing world's AI partner of choice.
Other speakers at Tuesday's session included top officials from Russia and Pakistan, as well as Global South nations where Beijing is making inroads, like Zambia and the Maldives. A recurring theme: The benefits from AI shouldn't be concentrated in a few rich nations.
— J.D. Capelouto
"Open source is good for all countries and all groups and all people, and I believe that is the right direction," Yu Xiaohui, the president of a Chinese government think tank, said Tuesday at a panel hosted by the Chinese government.
Beijing is leaning on its geopolitical allies to advance that vision, as it looks to shape how the technology is governed worldwide and pitch itself as the developing world's AI partner of choice.
Other speakers at Tuesday's session included top officials from Russia and Pakistan, as well as Global South nations where Beijing is making inroads, like Zambia and the Maldives. A recurring theme: The benefits from AI shouldn't be concentrated in a few rich nations.
— J.D. Capelouto
