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Jensen Huang made waves over the weekend, declaring that artificial general intelligence has arrived and crediting OpenAI's latest model, Astra, with crossing that threshold. Crucially, Huang noted Astra was trained on Nvidia chips, a pointed reminder of where the hardware backbone of the AI revolution sits — and who profits most from it.
That AI buildout is reshaping more than just chipmakers. Data centers are driving up rural land prices across the country as developers chase cheap power and open space. Some landowners are cashing in, but communities are pushing back hard, raising concerns about water use, grid strain, and the industrialization of farmland that was never zoned for this kind of infrastructure.
Meanwhile, on the macro front, former U.S. Trade Representative Michael Froman is sounding the alarm on China's export model, warning it is running out of road. Froman argues that Beijing's flood of cheap goods is creating distortions across the global economy severe enough to trigger another crisis — and that Washington may ultimately be left holding the bill, tariffs and all.
That's the tape. Markets Desk, signing off the floor.
