Wry & Dry #15-26 Where’s Uncle Albo? Trumpster 1 Appeasers 0. Liberal enemy within.
Where was Uncle Albo on Monday? This was when Treasurer Grim Jim tried to show humility when he undertook the best political backflip/ backdown/ change of mind since events on the road to Damascus about 2,000 years ago.
AI Capital Allocation and Market Implications
This week’s Investment Matters examines the topic of AI investment within a historical framework of overinvestment and the misallocation of resources.
A rash of new investment in artificial intelligence in the US, especially by Nvidia, the chipmaker, and OpenAI, the owner of ChatGPT, has been announced in recent months. Investment in data centres and IT helps explain a significant portion of overall US growth in recent years. But markets have begun to concentrate on the financial engineering and cross-company relationships that funded this investment.