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Anthropic CEO Dario Amodei is pushing back on the idea that he opposes open-weight AI models, but he's drawing a sharp line at China. Amodei says his concern isn't openness itself — it's the possibility that powerful models developed abroad could outpace American oversight and safety work. It's a nuanced position, but one that will likely fuel an already heated policy debate.
On the battlefield, Ukraine's State Border Guard Service reports that a drone costing just a few thousand dollars destroyed a Russian Buk-M three air defense launcher valued at roughly fifty million dollars. The strike is not an isolated incident — Ukraine claims dozens of these systems have been taken out. It's a stark illustration of how asymmetric warfare is being rewritten by cheap, precise autonomous technology.
And closer to the financial world, a new academic paper argues that private equity firms are quietly using insurance mechanisms to shift the risk of private credit onto public backstops — effectively socializing losses while keeping profits private. It's a slow-moving story, but one with real implications for how regulators think about shadow banking.
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