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Anthropic’s leaked IPO prospectus once again reminded investors of the enormous cost of the AI build-out. The AI lab plans to spend $518 billion in the coming years on cloud, computing, and infrastructure costs, according to Reuters, after posting a
Federal Reserve governor Michael Barr said Wednesday that additional interest rate hikes are needed to bring down sticky inflation. “Further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion,” Barr said
The rate on the most popular US home loan rose last week to its highest in more than two years, after the Federal Reserve lifted short-term interest rates to combat inflation, and rising oil prices drove up Treasury yields that
