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Elon Musk's Universal High Income: Inflation-Free Dream or Risky Gamble?

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Elon Musk's Universal High Income: Inflation-Free Dream or Risky Gamble?

Elon Musk argues for a 'universal high income' to tackle AI-driven unemployment, claiming it won't spur inflation due to boosted productivity. Economist Steve Hanke questions this, citing historical booms with inflation. Builders should watch this space for its big implications on economic policies and tech impacts.

Elon MuskSteve Hankeuniversal high income
Goldman Sachs and Wall Street Giants Test Anthropic's Mythos AI for Cybersecurity

Apr 14, 2026

Goldman Sachs and Wall Street Giants Test Anthropic's Mythos AI for Cybersecurity

Explore how Goldman Sachs and other financial titans are leveraging Anthropic's powerful Mythos AI model to combat cyber threats. Under the initiative dubbed Project Glasswing, this collaboration seeks to pioneer advanced cybersecurity measures while addressing concerns of power imbalance and misuse.

Goldman SachsAnthropicMythos AI
US Banks Brace for Potential $1 Trillion CRE Losses Amid Commercial Real Estate Crash

Apr 14, 2026

US Banks Brace for Potential $1 Trillion CRE Losses Amid Commercial Real Estate Crash

A Financial Times piece forewarns of a significant challenge in the US commercial real estate sector: banks could face up to $1 trillion in loan losses due to declining property values and an upsurge in defaults. Regional banks, hit hardest, account for a major share of the $2.7 trillion exposure. While comparisons to the 2008 crisis arise, stronger bank capital buffers may prevent systemic collapse. Key influencers include remote work trends, soaring interest rates, and surplus in multifamily housing.

US banksCRE crisiscommercial real estate