by John Hill | Aug 21, 2026 | Uncategorized
Good morning. Did you hear about China’s robocop? The 6-foot-2-inch droid, deputized by the authorities in Hangzhou, is more mall cop than terminator (its limited duties include waving traffic and admonishing jaywalkers). But following Wednesday’s blockbuster IPO of...
by John Hill | Aug 21, 2026 | Uncategorized
Investors are wondering what Scott Bessent is up to. At the start of the month, the Treasury Secretary’s ‘to-do’ list included purchasing $5 to $10 billion in Japanese yen. This week, he announced the Treasury would increase “by at least double” the size of buybacks...
by John Hill | Aug 21, 2026 | Uncategorized
Good morning. On Fortune’s radar today: Exclusive: Venezuela likely to go for dollarization of its currency to cure hyperinflation. Bond traders say Bessent’s ‘band-aid’ is ‘a heinous financial crime.’ Markets: Bitcoin is back! (A bit.) The 60/40 portfolio, RIP. What...
by John Hill | Aug 21, 2026 | Uncategorized
Twenty-five years ago, multinationals found themselves facing an affordability crisis. Emerging economies were growing at 3x to 4x the rate of developed economies (they are still growing ~2x faster now). The collective purchasing power of billions of potential...
by John Hill | Aug 21, 2026 | Uncategorized
In July, for the first time, Chinese developed models took all five top positions on OpenRouter, the neutral routing platform that has become the closest thing the AI industry has to a Nielsen rating. Xiaomi’s MiMo V2.5 ranked first by token volume, followed by models...
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