Cabot Phillips

At the end of the summit, 60 countries, including France, India, Canada, and China, signed a joint declaration calling for, quote, inclusive and sustainable AI that would, quote, protect human rights, gender equality, linguistic diversity, and protection of consumers. But notably, that declaration was missing the signature of two countries, the United Kingdom and the United States.

At the end of the summit, 60 countries, including France, India, Canada, and China, signed a joint declaration calling for, quote, inclusive and sustainable AI that would, quote, protect human rights, gender equality, linguistic diversity, and protection of consumers. But notably, that declaration was missing the signature of two countries, the United Kingdom and the United States.

Well, the Trump administration has made clear that they view AI as an arms race between America and China, and that heavy-handed regulations, regardless of their intention, will hamper innovation and cause the U.S. to fall behind. Vice President Vance made that point clear during his address to the summit, his first appearance on international soil.

Well, the Trump administration has made clear that they view AI as an arms race between America and China, and that heavy-handed regulations, regardless of their intention, will hamper innovation and cause the U.S. to fall behind. Vice President Vance made that point clear during his address to the summit, his first appearance on international soil.

Vance went on to say that whether the EU likes it or not, America will be the leader on AI and the Trump administration will not agree to any measures that threaten that supremacy. He also stressed the importance of fighting back against any efforts to use AI to censor speech or certain political ideologies.

Vance went on to say that whether the EU likes it or not, America will be the leader on AI and the Trump administration will not agree to any measures that threaten that supremacy. He also stressed the importance of fighting back against any efforts to use AI to censor speech or certain political ideologies.

Yeah, so for context, Musk and Altman co-founded OpenAI, which now runs ChatGPT, back in 2015. At the time, it was technically a nonprofit. Now, Musk left the group in 2019 and started his own AI company, and in recent years has been accusing Altman of exploiting OpenAI's charity status while essentially running it as a business. He's gone as far as filing numerous lawsuits against OpenAI.

Yeah, so for context, Musk and Altman co-founded OpenAI, which now runs ChatGPT, back in 2015. At the time, it was technically a nonprofit. Now, Musk left the group in 2019 and started his own AI company, and in recent years has been accusing Altman of exploiting OpenAI's charity status while essentially running it as a business. He's gone as far as filing numerous lawsuits against OpenAI.

And now he's taking a different approach and is trying to buy them outright. This week, Musk and a group of investors offered OpenAI's board of directors $97 billion for control of the company. Altman responded quickly saying, no, thank you.

And now he's taking a different approach and is trying to buy them outright. This week, Musk and a group of investors offered OpenAI's board of directors $97 billion for control of the company. Altman responded quickly saying, no, thank you.

Now, it's important to note Altman is in the process of turning OpenAI into a for-profit venture. And a big legal question is how much it's actually worth, because that would help determine how much compensation would go to the nonprofit and its investors.

Now, it's important to note Altman is in the process of turning OpenAI into a for-profit venture. And a big legal question is how much it's actually worth, because that would help determine how much compensation would go to the nonprofit and its investors.

For obvious reasons, Altman wants the company valued as low as possible for those negotiations to save him money and allow him to keep more control. But Musk's bid, whether he accepts it or not, will almost certainly drive the value of the company higher and cost Altman in the end.

For obvious reasons, Altman wants the company valued as low as possible for those negotiations to save him money and allow him to keep more control. But Musk's bid, whether he accepts it or not, will almost certainly drive the value of the company higher and cost Altman in the end.

So there are plenty of folks who questioned whether Musk's offer was legitimate or if he was playing a little 4D business chess.

So there are plenty of folks who questioned whether Musk's offer was legitimate or if he was playing a little 4D business chess.

Yeah, Donald Trump stressed over and over on the campaign trail his affinity for tariffs, which he calls, quote, the most beautiful word in the dictionary, saying he would use them to prevent other countries from taking advantage of us and spur domestic manufacturing. And after three weeks in office, he showed he was not kidding.

Yeah, Donald Trump stressed over and over on the campaign trail his affinity for tariffs, which he calls, quote, the most beautiful word in the dictionary, saying he would use them to prevent other countries from taking advantage of us and spur domestic manufacturing. And after three weeks in office, he showed he was not kidding.

On Monday, Trump announced that he'd be ordering new 25% tariffs on all steel and aluminum imports.

On Monday, Trump announced that he'd be ordering new 25% tariffs on all steel and aluminum imports.