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The Institutional Risk Analyst
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AI Implodes! Private Credit Collapses! And a Trillion Dollar TGA Looms
Most public companies are so invested in the false gospel of AI that they dare not even hint at the truth, namely that the vast majority of AI projects will never be profitable or even relevant. As LeCun notes, consumers will benefit from more robust search tools, but the AI that emerges in the next decade will be too feeble and too fallible to be deployed by business. Recall the costly fiasco of the early AI charade called "Watson" from IBM.
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Nov 187 min read
Profile: Silvergate Capital Corp (SI)
SI’s management team is taking advantage of the narrative in Washington, which is that stable coins will be a bank only product
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Feb 16, 20226 min read
Trade Warrior: Dan Caprio on the EU, China and Global Trade
A nation of 1.5 billion souls is being held hostage by a criminal gang called the Chinese Communist Party.
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Oct 4, 20217 min read
Interview: Joe Costello on the Risk to Democracy from Social Media
How do we prevent the Facebooks and Googles from dominating our political life? That is the question we must answer.
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Mar 23, 20217 min read
Update: Square as a Bank
The evolution of fintech companies into regulated banks has implications for public market valuations...
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Jan 10, 20218 min read
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