The fragility of legacy markets and the blue-chip assets implicitly supporting the global financial system (as well as most Americans’ retirement funds) were on full display this week, as a new open source LLM out of China called into question key assumptions underpinning the massive run in AI-levered equities over the past two years, including several of the largest “Magnificent 7” stocks.
Ten31 Timestamp 881,815
The fragility of legacy markets and the blue-chip assets implicitly supporting the global financial system (as well as most Americans’ retirement funds) were on full display this week, as a new open source LLM out of China called into question key assumptions underpinning the massive run in AI-levered equities over the past two years, including several of the largest “Magnificent 7” stocks.