On AI’s Rollercoaster Ride & Canada’s Moneyball

Frontier AI models are debuting fast and furiously, with no sign of “pacing” yet. Today, Melissa takes stock of the AI boom, breaking down a host of recent developments into bullish, mixed, and bearish categories. Net, net, we’re bullish on the AI boom, fueled by exploding demand and enormous infrastructure investment. But we acknowledge caveats including uncertain returns on investments and risk from credit exposure. … Also: Canada is taking a strategic “Moneyball” approach to filling the hole that lost trade with the US is leaving in its economy, William reports. Trade agreements with numerous smaller economies are in the works.