Markets bet on an Iran deal
Markets are pricing in a U.S.-Iran deal, but U.S. President Donald Trump is yet to approve it and Iran saysit has not been finalized. Meanwhile, the Fed's inflation gauge just hit a three-year high,leaving the Fed running out of reasons not to hike. Plus, Anthropic's valuation just overtook OpenAI - funded in part by the very chipmakers it needs to build its models.
Today’s recommended read: What if the AI boom goes into reverse?, Joachim Klement
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The skinny
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