Lightnews — Scholar-powered news

R @ersquare.bsky.social · 17m

Good article but we’re still quite a bit far off from tethers being as useful as cash to a plumber (it’s still early, etc…)

Reposted by R

Keith W. Dickinson @keithwdickinson.bsky.social · 3h

Today is a day when arts degrees are worthless, but the product of those degrees is so valuable it would kill an entire industry if they were made to pay for it.

The Verge @theverge.com · May 26

Nick Clegg says asking artists for use permission would ‘kill’ the AI industry

Paul McCartne, Elton John and others signed an open letter.

buff.ly

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R @ersquare.bsky.social · 37m

Incredible.

R @ersquare.bsky.social · 3h

“Degrees are useless” says voter in favour of a stricter, high-skill immigration system relying on degrees.

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R @ersquare.bsky.social · 3h

Do not negotiate with the Dane.

Carl Quintanilla @carlquintanilla.bsky.social · 3h

Europeans getting another lesson in how Trump always moves the goal posts.

@bloomberg.com
www.bloomberg.com/news/article...

R @ersquare.bsky.social · 17h

One Bet to rule them all, One Bet to find them, One Bet to bring them all, and in the darkness bind them.

FT Edit @ftedit.ft.com · 1d

From Microsoft to Meta, Amazon to Anthropic, some of the world’s biggest tech groups have signed up to OpenAI founder Sam Altman's huge bet on artificial intelligence. The deals total near $1tn — even as OpenAI burns through cash.

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Disco Central Banker @centralbanker.bsky.social · 18h

I’m thrilled to announce my new ECB working paper on singleness of money and fungibility of stablecoins with other payment instruments! 🍾

Some BIS colleagues argued that stablecoins fail the singleness of money test… and the FT had this amazing quote…

But I disagree!

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R @ersquare.bsky.social · 21h

Sorry is this the Immigration and Customs Enforcement agency or the InterContinental Exchange helping with collateral recovery here?

Greylace @greylace.bsky.social · 22h

The recent ICE raid which emptied an entire apartment building was apparently at the request of Wells Fargo, which is trying to foreclose on the building.

flipinidaho @flipinidaho.bsky.social · 22h

southsideweekly.com/federal-agen...

The building is in a 27 million dollar foreclosure filed by Wells Fargo. The next day, Wells Fargo filed an emergency motion for receivership. The fascist regime kindly emptied the building for donor Wells Fargo.

R @ersquare.bsky.social · 23h

Do their price movement simultaneously have characteristics of both Elliot waves and particles?

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Joel Wertheimer @wertwhile.bsky.social · 23h

Really feel like crypto and quantum computing should not be going up at the same time

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R @ersquare.bsky.social · 1d

I overheard people in the office making fun of someone else for sending AI-generated emails at work. They are clearly impersonal and too long. You think it looks impressive, but no one falls for it and it just comes out as lazy, especially if some details are off.

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R @ersquare.bsky.social · 1d

Happy mid-autumn festival to those who celebrate! 🥮 🌙

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EM_Credit_Fund @emcreditfund.bsky.social · 2d

About to initiate coverage on French Government Bonds...

(jokes)

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R @ersquare.bsky.social · 2d

OpenAI could just have… bought the chips? The equity seems completely unnecessary?
Is the news that OpenAI bought AMD chips and a stock option?

Reuters @reuters.com · 2d

AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake reut.rs/46SOnCj

AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake

AMD said on Monday it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.

reut.rs

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Five Minute Macro @fiveminutemacro.bsky.social · 4d

"a company for carrying out an undertaking of great advantage, but nobody to know what it is"

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R @ersquare.bsky.social · 2d

So the counterparty had <$1m in net assets? Well done everyone 👏🏻

Bloomberg News @bloomberg.com · 2d

“The due diligence appears almost comically absent.” How a virtually unknown trader burned Wall Street in a $2.6 billion trade that’s now at the heart of a London lawsuit

Ferrari-Loving Trader Burned Wall Street With Bond Bet Leveraged 11,000-to-1

Citigroup and MUFG were among the firms stung by $2.6 billion trade that’s now at the heart of a London lawsuit, raising questions about client checks

bloom.bg

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R @ersquare.bsky.social · 2d

It’s a funny meme but let’s not pretend a French PM is as important as a British PM.

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R @ersquare.bsky.social · 2d

If I were French I would just have voted a more stable government into power when given the chance instead of complaining about it.

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R @ersquare.bsky.social · 2d

French politicians try to work together challenge. (Impossible).

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R @ersquare.bsky.social · 2d

The famous Dubai-style immigration system of no representation or benefits and… high taxes?

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R @ersquare.bsky.social · 2d

Banger

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Lottie @sellottie.bsky.social · 2d

It’s happened again

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Harry Turtledove @hntdove.bsky.social · 2d

Hell of a thing to put next to a statue of Joan of Arc. (h/t David Pilling)

Fire extinguisher next to a statue of Joan of Arc

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R @ersquare.bsky.social · 2d

Or margin calls from the InterContinental Exchange.

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Karthik Sankaran @rajakorman.bsky.social · 2d

The tricky question for Argentina is that the capital account response to a weaker currency is to push it weaker, even as the trade account response to a weaker currency may well be insufficiently positive to ouweigh the capital account response. This is the essence of “EMness.”

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