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AI & Enterprise

China's rapid AI progress credited to 'distillation' but is that the whole story?

Pushback is growing within the U.S. AI industry against the view that Chinese AI model advances can be explained solely by “distillation,” a method of training models using outputs from more advanced systems. Cohere CEO Aidan Gomez said China has built strong capabilities beyond copying and distillation and that some recent Chinese models have outperformed top U.S. models on certain benchmarks. U.S. agencies and Anthropic have alleged industrial-scale illegal distillation, while China has rejected those claims.

Crypto

What to buy after selling bitcoin and gold? Bloomberg points to 5 percent U.S. Treasuries

U.S. Treasuries yielding around 5 percent a year could become a more attractive investment than bitcoin and gold, a forecast said. Citing Bloomberg Intelligence chief macro strategist Mike McGlone, a report said he singled out U.S. Treasuries as the key beneficiary of shifting capital. He described the current macro backdrop as the final phase for risk assets. He also pointed to Fed tightening, yields nearing 5 percent and rising energy-price pressure.

Crypto

Bitcoin seen retaking $100,000 before U.S. midterms

Bitcoin could rise back above $100,000 before the U.S. midterm elections, a report said. Blockchain outlet U.Today cited crypto trader Will Meade as saying the daily chart is forming a bullish continuation pattern. He described the setup as a textbook high-and-tight flag and saw a chance of rangebound trading through the rest of September followed by a breakout in October. Bitcoin is trading around $76,500 to $77,500, well below its record high of $126,198.