Demis Hassabis assembled a secret team of ~20 researchers inside DeepMind to train high-frequency trading algorithms, reportedly aiming to rival Renaissance Technologies. Google disapproved, and the project was quietly disbanded.
ECONOMY
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Economic Value Benchmarks in AI and Machine Learning
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What do “economic value” benchmarks tell us? buff.ly/8ALytqF #AI #MachineLearning #DeepLearning #LLMs #DataScience
→ View original post on X — @miketamir, 2026-04-01 18:51 UTC
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Funding Round Completion: Institutional Investors Hesitate on Share Allocation
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when did the round complete? the contention is that this represents a recent change. are you saying the source was lying when he said “We literally couldn’t find anyone in our pool of hundreds of institutional investors to take these shares”?
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New biography examines Demis Hassabis, key figure in AI race
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A new biography examines a crucial figure in the AI race economist.com/culture/2026/0… [Translated from EN to English]
→ View original post on X — @mfordfuture, 2026-04-01 18:10 UTC
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OpenAI’s Financial Viability Crisis and Share Valuation Challenges
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Sic transit gloria mundi.
— Gary Marcus (@GaryMarcus) 1 avril 2026
Six months later, Sam might not be able to find a buyer for Brad’s shares.
In no small part because he didn’t have a decent answer to Brad’s question of how to make OpenAI’s finances work.
Looking to heaven (note his eyeballs) didn’t help. https://t.co/CnJBSj8TYKSic transit gloria mundi. Six months later, Sam might not be able to find a buyer for Brad’s shares. In no small part because he didn’t have a decent answer to Brad’s question of how to make OpenAI’s finances work. Looking to heaven (note his eyeballs) didn’t help.
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OpenAI’s Contingent Funding Threatens Market Stability
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It’s worse than that, @polymarket
: a lot (most?) of OpenAI’s new funding is *contingent* money, not guaranteed. No wonder people are getting skittish about OpenAI’s secondary market shares. OpenAI may well become the biggest flameout since Enron. -
OpenAI shares difficult to offload amid valuation concerns
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Remember how I said @CNBC that OpenAI might turn out to be the WeWork of AI? It’s getting hard to unload their shares… cc @carlquintanilla
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Tech Leaders Prioritize Wealth Over Responsibility
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Why? Honestly, they don’t really care that much, as long as they get rich.
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AI Widens Wealth Gap Without Boosting Economic Growth
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“80% of wealth held by the top 10% (highest since 1939)” – yet no major growth in GFP says a new projection on impacts of AI from @PTetlock and others.
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AI Model Competition Driving New Economic Incentives
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The token wars are getting interesting haha. Soon they'll be paying us to use the models.