Search results for Brookings Institution
Crypto
Prominent economist says bitcoin is not a safe haven asset, cannot hedge currency debasement
Arguments have resurfaced that bitcoin is difficult to view as a safe haven like gold or as a store of value. As bitcoin has recently underperformed gold and other precious metals, questions have also been raised about its role as a hedge against currency value declines. Brookings Institution senior fellow Robin Brooks said bitcoin was not a safe haven asset, while Bitwise Alpha Strategies head Jeff Park argued that bitcoin’s response should be assessed alongside interest-rate structure and macro changes.
AI & Enterprise
Why the U.S. is wary of Moonshot AI\'s Kimi K3
China startup Moonshot AI’s large language model Kimi K3 is being assessed as having narrowed the gap with top U.S. AI models to weeks, raising caution in Silicon Valley. Analysts and researchers cited faster catch-up, competitive costs and results that rank near leading U.S. systems. U.S. figures voiced concern and renewed debate over restrictions. Users praised performance but criticised response speed. Moonshot AI temporarily halted new subscriptions due to strained computing resources.
AI & Enterprise
Anthropic appoints former Fed chair Bernanke to AI oversight body
Anthropic has appointed former U.S. Federal Reserve Chair Ben Bernanke to its independent governance body, the Long-Term Public Benefit Trust. As a member of the trust, Bernanke will help the company understand how AI changes the economy. The trust advises the company and is involved in board composition. Anthropic said Bernanke will review AI’s economic effects and support long-term decision-making.
