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A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption (Bloomberg)
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Bloomberg : A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption   —  Quant funds in China have become so popular that they are being deluged with investors' money.  —  Ubiquant, one of the top players …
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Trump grants pardons to 'persecuted' mechanics in right-to-repair crackdown: 'I am setting them all free'
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President Donald Trump on Friday announced full executive pardons for six people he claims were "persecuted" by the Biden administration for simply "fixing their car." In a Truth Social post Friday afternoon, the president took aim at federal prosecutions he characterized as part of the "Weaponization and Stupidity" of the prior administration, saying, "I AM SETTING THEM ALL FREE, RIGHT NOW!" The pardons align with Trump’s broader push to defend the "right to repair." Earlier in the week, he signed a presidential memo designed to make it easier for Americans to repair their own vehicles by protecting self-repair rights and opening up options for aftermarket parts. FORMER INDIANA REP STEPHEN BUYER RECEIVES FULL PARDON FROM TRUMP FOR 2023 INSIDER TRADING CONVICTION "It came to my attention because I noticed they were arresting people for fixing their car," Trump said during an Oval Office news conference. "We rule by com...

Meta could use its compute for its own models, ad scaling, SpaceX-like neocloud deals, and hosting 3rd-party models; it may be close to an Anthropic deal (Jeremie Eliahou Ontiveros/SemiAnalysis)
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Jeremie Eliahou Ontiveros / SemiAnalysis : Meta could use its compute for its own models, ad scaling, SpaceX-like neocloud deals, and hosting 3rd-party models; it may be close to an Anthropic deal   —  Zuck Takes Plan B?  SpaceX 2.0, Bedrock 2.0, MSL Isn't Giving Up, Scaling RecSys by 10x... ClusterMAX ranking coming soon?

Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout (M.G. Siegler/Spyglass)
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M.G. Siegler / Spyglass : Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout   —  Their need to diversify the business meets the AI build out concerns...  Meta has a problem.  Well, two of them, actually.

Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February (Bloomberg)
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Bloomberg : Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February   —  ElevenLabs has held early talks with investors to let employees sell shares in a secondary offering that would value …

Republican says Trump's top election priority 'dead' in Senate as GOP fractures ahead of midterms
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A Senate Republican revealed that even if President Donald Trump’s flagship election integrity legislation had the votes to pass, there’s not enough time to actually have it take effect for the upcoming midterm elections. The Safeguarding American Voter Eligibility (SAVE) America Act has increasingly become a problem for congressional Republicans desperate to move onto other must-pass legislation. But Trump has consistently demanded they find a way to pass it, particularly in the Senate, by any means necessary. But Republicans aren’t unified behind the bill, and Democrats unanimously despise it. Even if it got 60 votes, which is an unlikely scenario, Sen. Thom Tillis, R-N.C., contended it wouldn’t have an impact in time for November. GOP INFIGHTING OVER TRUMP'S VOTER ID BILL ERUPTS AS TOP SENATOR CALLS STRATEGY 'FANTASY' "Unless they do the work to get to the 60 votes, they know it’s dead, and so all this is theater," Tillis told the Raleigh, North Carolina-based...

UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed (Cate Lawrence/Tech.eu)
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Cate Lawrence / Tech.eu : UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed   —  The UK company, which develops secure data intelligence systems for defence and critical infrastructure, will use the funding …