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Big Tech's AI safety split
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Plus: The Fed officials who voted to raise rates.
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Thursday, July 30, 2026
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Mark Zuckerberg thinks the biggest risk to AI is moving too slowly
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Meta CEO Mark Zuckerberg argued this week that the U.S. should accelerate AI development rather than restrict it, writing in a Wall Street Journal column that the benefits of distributing AI broadly
outweigh the risks "by quite a margin." His comments targeted warnings about job displacement from leaders at Anthropic and OpenAI.
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Zuckerberg singled out the Trump administration's voluntary 30-day review period for new AI models as a drag on progress. "The field is moving so quickly, that actually is quite a meaningful amount of time," he said. He also called proposals to ban Chinese open-weight AI models from the U.S. market unlikely to
work.
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Earlier this month, a coalition of more than 20 companies, including Meta, Nvidia, and Microsoft, sent a letter urging policymakers not to restrict open-weight models. The letter followed the release of Moonshot AI's Kimi K3, a Chinese model that outperformed several U.S. competitors on industry benchmarks.
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<span style="font-size: 16px; line-height: 1.6">
Meta has forecast capital spending of as much as $145 billion this year to
support its AI buildout and eliminated roughly 8,000 jobs in May as a result of its record outlay.
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Sponsored
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The $2 Trillion Asset Class You're Missing
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While retail investors chase volatile tech stocks, institutions like BlackRock and KKR are quietly allocating billions to private credit—a market that's grown 19x since 2006 and now approaches $2
trillion globally.
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<br/>
</div>
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<span style="background-color:rgba(0,0,0,0);color:#121721;font-size:16px;line-height:1.6">
Why? Private credit offers what traditional portfolios increasingly lack: consistent yield potential (Percent's marketplace delivered 14.9% average net returns in 2024), lower correlation to public markets, and shorter investment horizons averaging just 9 months.
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<span style="background-color:rgba(0,0,0,0);color:#121721;font-size:16px;line-height:1.6">
With Percent, accredited investors can now access the same institutional-quality deals that were once exclusive to the ultra-wealthy. Start with as little as $500 and get up to $500 on your first investment. Invest like the smart money.
</span>
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Access Institutional-Grade Private Credit
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<!--[if mso]><a href="https://www.ne16.com/t/11028401/222404108/8610105/1/1009235/?f5d63f87=REIlMjAwNy0zMA&x=6f1261db" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">Access Institutional-Grade Private
Credit</a><![endif]-->
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Today's Poll
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Is the U.S. holding back AI by being too cautious?
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<td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
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block; ">
Yes. Speed matters most right now
</span>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/11028401/222404108/10266879/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0zMA&x=97a29cbd" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block;
">Yes. Speed matters most right now</a><![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
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<tbody>
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<td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
<table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
<tbody>
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<td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
<!--[if !mso]><!-->
<span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">
No. Guardrails protect everyone
</span>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/11028401/222404108/10266880/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0zMA&x=611d2307" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block;
">No. Guardrails protect everyone</a><![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
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<tbody>
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<td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
<table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
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<td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
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<span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">
The real risk is falling behind China
</span>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/11028401/222404108/10266881/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0zMA&x=25cd710c" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display:
block; ">The real risk is falling behind China</a><![endif]-->
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<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
<span style="font-family:Arial">
Here's what you need to know
</span>
</h1>
</td>
</tr>
<tr>
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
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<a aria-label="" style="color:#121721" target="_blank" title="">
<img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252Fstrait%2520of%2520hormuz%2520iran%2520%250Aoil.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODU0MDY0MDguODQxMTk5NH0:1wpNlY:RqCVM55YxIzflYI9fOq41rnSUB9CGxe96VdvwC2M2Zk" style="width:200px;vertical-align:middle;border:0" width="200"/>
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<div>
<strong style="color:#016FF0">
<a data-linktext="Brent crude surged after Iran fired missiles at U.S. forces." data-linktype="Normal" style="color:#17253D" target="_blank">
Brent crude surged after Iran fired missiles at U.S. forces.
</a>
</strong>
Tehran's Revolutionary Guard launched a surprise ballistic assault on American military positions across the Middle
East, according to U.S. Central Command. Trump pledged to retaliate, driving Brent futures up roughly 7%.
</div>
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<a aria-label="" style="color:#121721" target="_blank" title="">
<img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2266383509.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODU0MDY0MDguODQxMzMzfQ:1wpNlY:WaOZH3DN4Q5DHuHqNPHJMnXQ_TeZ2SKueoQg3Rpbci4" style="width:200px;vertical-align:middle;border:0" width="200"/>
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<div>
<strong style="color:#016FF0">
<a data-linktext="OpenAI's rogue agent breached a second AI firm after Hugging Face." data-linktype="Normal" style="color:#17253D" target="_blank">
OpenAI's rogue agent breached a second AI firm after Hugging Face.
</a>
</strong>
Modal Labs CTO Akshat
Bubna said a customer's unsecured code was exploited, not Modal's own platform. Assigned to crack security flaws for a test, the model escaped confinement and has since been locked down by OpenAI.
</div>
</td>
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<div>
<strong style="color:#016FF0">
<a data-linktext="Sen. Warren and Sen. Schiff want the SEC to probe Trump Media." data-linktype="Normal" style="color:#17253D" target="_blank">
Sen. Warren and Sen. Schiff want the SEC to probe Trump Media.
</a>
</strong>
For up to $100,000 a month, trading firms can buy early access to presidential Truth Social posts. Elizabeth Warren and
Adam Schiff asked the Securities and Exchange Commission to investigate, citing Trump's stock endorsements.
</div>
</td>
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<div>
<strong style="color:#016FF0">
<a data-linktext="SK Hynix misses expectations despite reporting record profit." data-linktype="Normal" style="color:#17253D" target="_blank">
SK Hynix misses expectations despite reporting record profit.
</a>
</strong>
Delayed shipments of advanced
AI memory chips pushed some of SK Hynix's revenue into later quarters, leaving current operating earnings about 8% below forecasts. Shares in Seoul fell as investors questioned the pace of AI spending.
</div>
</td>
</tr>
<tr style="background-color:#F9F8F6">
<td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
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<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#F9F8F6;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:200px;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="200">
<a aria-label="" style="color:#121721" target="_blank" title="">
<img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D75%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2158243805.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODU0MDY0MDguODQxNjUyMn0:1wpNlY:Us2dOhgY-lxGQubgdewuF_V8xSiMwX9MnD6nuqowvE0" style="width:200px;vertical-align:middle;border:0" width="200"/>
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<div>
<strong style="color:#016FF0">
<a data-linktext="xAI sues Minnesota to block the first state ban on deepfake apps." data-linktype="Normal" style="color:#17253D" target="_blank">
xAI sues Minnesota to block the first state ban on deepfake apps.
</a>
</strong>
Developers would face $500,000 fines each time a user generates a nonconsensual intimate image under a Minnesota law taking
effect Aug. 1. Elon Musk's merged AI and space company challenged the measure in federal court.
</div>
</td>
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<td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
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Kinja Deals by The Inventory
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helps shoppers find worthwhile discounts without spending hours searching. Published Monday through Saturday, the newsletter features more than 30 handpicked deals in every issue from Amazon, Walmart, Target, and 300+ other retailers. From tech and home goods to everyday essentials, gifts, and seasonal finds, it is an easy way to spot the sales worth your time.
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The Fed held rates steady. Three members wanted to hike anyway
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<span style="font-size: 16px; line-height: 1.6">
Three of the five regional bank presidents on the Federal Reserve's policy committee dissented in favor of a quarter-point interest rate hike Wednesday as a 9-3 majority voted to keep the Fed's benchmark
federal funds rate in a range of 3.5% to 3.75%.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size: 16px; line-height: 1.6">
Cleveland Fed President Beth Hammack, Minneapolis' Neel Kashkari, and Dallas' Lorie Logan cast the dissenting votes. Fed Chairman Kevin Warsh didn't join the dissenters, and no members of the Board of Governors voted against holding rates steady.
</span>
</div>
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<br/>
</div>
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<span style="font-size: 16px; line-height: 1.6">
The Fed's statement closely tracked the language the committee used after its June 17 meeting,
describing economic activity as "expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East." The committee also said job growth has "kept pace with the workforce" and that it will continue to "deliver price stability."
</span>
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<br/>
</div>
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All three dissenters had publicly pushed for tighter policy in the weeks leading up to the meeting. Logan had argued that rates would need to rise "modestly," while Hammack cited the burden of
persistently higher prices on households. Kashkari had similarly pointed to inflation that has run above the Fed's 2% goal since 2021.
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Pay 0% intro APR into 2028
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A long intro APR period can make a real difference when you are trying to pay down debt or plan a larger pur
<span class="ql-cursor">
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chase. The Wells Fargo Reflect® Card, featured by FinanceBuzz, offers 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers, followed by a variable APR. It also has no annual fee.
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