Switzerland Surprises With Rate Cut, Moving Ahead of ECB and Fed.

The Swiss National Bank unexpectedly cut its key interest rate by 25 basis points, moving months ahead of global peers as policymakers try to prevent gains in the franc.

Bank of Canada cuts policy rate by 25 basis points❗️

2 banks have already cut rate. So it begins...

A former OpenAI employee shared insights about the future of artificial intelligence

Here's the basics:

• By 2027, AGI (megamind-AI) will be waiting for us

• AGI will be a cool new resource for all countries that can be used in all areas

• It would cost about a trillion dollars to create AGI, and Microsoft is already close to doing it

• AGI will consume many times more energy than the entire population of some countries

• By 2030, $8 trillion will be invested in AI every year.

DaiPospat

@daipospat