Financial Mindset

Former Palantir engineer-turned New York state Assemblymember Alex Bores knows Americans want AI regulation. He co-authored the RAISE Act, New York’s frontier AI safety law. He ran this year for Rep. Jerry Nadler’s open congressional seat on that platform, even as many of his donors came from within the AI industry. But that didn’t stop Leading the Future, a super PAC funded in part by OpenAI president Greg Brockman and Andreessen Horowitz, from spending more than $7.6 million against him over that law. Public First Action, with $20 million from Anthropic, spent on the race in Bores’ corner. Total outside money in the race topped $40 million , the most expensive House primary of the cycle. Bores still lost. That loss helped lead to Who Decides, the nonprofit Bores launched on Tuesday with his former chief of staff, Anna Myers. So far, it has raised $10 million and aims to raise $20 million more in 2027, for a $30 million total ahead of 2028. Bores intends t...

Good morning! Indeed CEO Deko Idekoba says he thinks AI is a “bit too slow” to change the labor market.  That may sound counterintuitive amid warnings that AI is wiping out entry-level jobs and disrupting white-collar work. But Idekoba is concerned with how uneven AI’s impact is: While the new tech advances rapidly through office work, skilled tradespeople are retiring from jobs AI can’t do, and too few young workers are preparing to replace them. “No parent is telling their kid, ‘You have to be a plumber. You have to be an electrician,’” he says. In the U.S., he adds, “there’s not a respect for those skills. In Japan or Germany, these people are really well respected.” But how do hiring managers combat this prestige problem? It may require changing how young people, their parents, and educators define a promising career. Maggie Hulce, Indeed’s chief revenue officer, sees it as an information problem. “When we help people see where there is demand and where th...

Karin Rådström is used to being the only woman in the room. She was the first to lead Scania’s bus and coach division, having worked her way through the ranks from marketing trainee to head of sales and marketing and executive vice president at the Swedish truck manufacturer. Now, as CEO of Daimler Truck, she heads up the world’s largest manufacturer of commercial vehicles. Rådström became only the second woman to lead a company in the DAX 40 upon her appointment in 2024 and is one of only 43 women CEOs in the Fortune 500 Europe. “I try to use that as a positive motivation more than a heavy burden,” she says. “The best way to increase the number of leadership opportunities for women is, of course, to be successful.” Since Rådström became CEO, Daimler Truck’s share price has increased almost 40%, from €33.15 to €46.24, and she has overseen significant growth in the company’s zero-­ emissions vehicle sales, which rose 67% in 2025. But this success has not come easily. Rådström r...

Concerns about AI safety are reaching a fever pitch in the U.S. after a X post by a former Anthropic researcher went viral, claiming the technology could kill all of humanity by the end of the decade. In response, the CEOs from OpenAI and Anthropic have reiterated their calls for the U.S. to coordinate with China to slow and pace AI development. OpenAI CEO Sam Altman even tried to appeal to the egos of the leading figures, telling Fortune in an interview Friday that he believed U.S. President Donald Trump and Chinese President Xi Jinping could win the Nobel Peace Prize if the two leaders struck a deal on AI safety. But the idea of an AI slowdown seems to have fallen on deaf ears with President Trump and President Xi, who are set to meet on Sept. 24. Both have rejected the idea. Trump said “the only controls or ‘guardrails’ the U.S. needs is a STRONG AND SMART (High IQ!) PRESIDENT” in a Sept. 14 Truth Social post . The same day, China’s Forei...

Hello and welcome to Eye on AI. In this edition: AI’s X-risk breaks into the mainstream Anthropic CEO Dario Amodei calls for a coordinated industry safety effort Anthropic details attempts to misuse its AI models China’s top spy warns AI could pose a risk to the Communist Party OpenAI is violating California’s new AI safety law, watch dog group says . Half of companies aren’t following their own AI governance policies, E&Y survey says. In the past few days, I’ve heard a lot of people repeating that old saw—often wrongly attributed to Vladimir Lenin—about there being “weeks when decades happen.” It certainly seemed to be one of those weeks in AI. Concern about existential risk has been a strain of AI discourse for decades. But, despite occasionally making headlines when someone like Elon Musk, Sam Altman, or Geoffrey Hinton would express their fears about AI posing a grave risk to the species, it never really cemented itself in the general public’s con...

U.S. President Donald Trump wants factories and investment  moving south to the United States . Canadian Prime Minister Mark Carney is betting he can make billions flow north. About 300 CEOs and senior executives from some of the world’s biggest investment firms are gathering at the Four Seasons in Yorkville, a tony Toronto enclave of high-end restaurants and designer boutiques, for Carney’s Canada Investment Summit this week. The investors collectively manage more than $120 trillion in assets, underscoring the scale of capital Carney hopes to tap as Canada tries to attract billions in new investment and reduce its economic  dependence on the United States . “Canada is about so much more than being next to the United States,” Carney said at a news conference last week in Banff, Alberta. “We have what the world wants.” Carney pointed to Canada’s vast energy and critical-mineral resources, its highly educated workforce and trade agreements that give businesses b...

The U.S. national debt is more than $40 trillion , and it’s only growing from here. Wage growth keeps stalling ; job growth is staying stagnant ; and grocery prices are trending up. With the 10-year Treasury yield nearing 5% as heavy government borrowing puts pressure on the bond market, some investors are looking for safer places to store their hard-earned cash. Investing in alternative assets isn’t new: In recent years, there have been many different (let’s say creative) investment opportunities, from NFTs to tokenized gold , and from crypto to traditional market trading. But for one person, the draw of a childhood game brings back more than just memories: Collecting Pokémon cards has become a long-term investment vehicle with the upside of having beautiful art to relish. “I love the way they look” Peter Levin is not what you would call a casual collector. The 55-year-old venture capitalist, who is the cofounder and managing director at Griffin Gaming Partners, has...