Mortgage rates jump to more than 6.5% — the highest level since the Iran war started
Rates hit an eight-month high but are still lower than they were a year ago.
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France Will Add €710 Million in Aid to Offset High Energy Costs
French Budget Minister David Amiel pledged €710 million ($823 million) in new measures to support households and companies hit by rising energy costs due to the Iran war.
SpaceX Challenges AI Rivals for Control of $26.5 Trillion Market
SpaceX is marketing itself to IPO investors as an artificial intelligence play targeting a $26.5 trillion potential market opportunity, positioning itself to wrest business from investor darlings whose valuations have soared.
Trump Advisor Predicts Gas Price Drop
Jarrod Agen, Executive Director of National Energy Dominance Council and President Trump’s energy advisor joined Bloomberg Open Interest to talk about how gas prices will drop fast once the Strait of Hormuz reopens. He also defends the administration’s aggressive “Drill Baby Drill” agenda. Agen touts record oil lease sales, LNG expansion, Alaska drilling, and a possible gas tax holiday as America races for “energy dominance.” (Source: Bloomberg)
Why Cerebras CEO Andrew Feldman Built The World’s Largest Computer Chip
Bigger means faster in the world of AI chipmaking.
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Jess Pegula on the Business of Tennis
Alex Rodriguez and Jason Kelly sit down with Jess Pegula to talk about lobbying for change in the business of professional tennis and what she’s learned from her parents. (Source: Bloomberg)
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Odd Lots: Why Cerebras Built The Largest Computer Chip (Podcast)
Size is the name of the game for the AI chipmaker Cerebras: Their chips are truly massive, about the size of a dinner plate. According to Andrew Feldman, CEO and founder of Cerebras, that is about 58 times larger than the average chip. That sheer size enables blazing fast inference for AI queries. Feldman joins us on the week of his company’s IPO to talk about his core product and how it fits into the AI boom. We discuss the history of the GPU, competition between open-and closed-source models,
German Private-Sector Activity Contracts for Second Month on War
German private-sector activity shrank for a second month, raising the risk that Europe’s largest economy is succumbing to the knock-on effects of the Iran war.