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   DealBook: When A.I. agents attack
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             November 14, 2025
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          Good morning. Andrew here. Breaking:
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         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-style:italic">
          Doug McMillon
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         <span style="font-style:italic">
          , Walmart’s C.E.O., will retire and be succeeded by John Furner, who has been with the company for more than 30 years.
         </span>
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          We often talk about the transformative possibilities of artificial intelligence. But we’ve got some news this morning that is disturbing and important: Anthropic revealed that Chinese-sponsored hackers used its software to attack a group of companies and government agencies. More details on the breach — and its implications — below.
         </span>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-style:italic">
          We also dive into why the stock market is selling off and the latest bet by Michael Burry, the contrarian investor of “The Big Short” fame. Hint: It’s about A.I.
         </span>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-style:italic">
          Speaking of A.I., we’ll discuss its future with Dario Amodei of Anthropic and Alex Karp of Palantir at the DealBook Summit on Dec. 3. We hope you’ll
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            <span style="color:#666;font:normal 14px georgia,serif">
             Hackers used Anthropic’s Claude tools to pull off a stunning cyberattack, according to the A.I. start-up.
            </span>
            <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
             Marissa Leshnov for The New York Times
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        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          A new era of hacking
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Underlying the hundreds of billions being spent on artificial intelligence worldwide is the proposition that the technology will eventually bring transformative prosperity.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But a
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          stunning new disclosure by Anthropic
         </a>
         <span>
          underscores the flip side of the A.I. race: The technology can also be weaponized to a potentially devastating degree.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Chinese state-sponsored hackers used Anthropic’s Claude tools in unprecedented ways,
         </span>
         <span>
          the A.I. start-up said yesterday. The twist is that the perpetrators used Claude’s “agentic” features — which let A.I. take action on behalf of users — to execute the attacks.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          How it worked
         </a>
         <span>
          :
         </span>
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Hackers picked about 30 targets, which Anthropic said included tech and financial companies and government agencies.
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                They tricked Claude into bypassing its safety features, then used it to identify promising avenues for attack, write code to exploit weaknesses and document what worked for future attacks.
               </span>
              </li>
             </ul>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Anthropic said it eventually detected the campaign, shut down accounts used in the attack, notified the targets and strengthened Claude’s guardrails.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          A.I. did 80 percent to 90 percent of the work,
         </span>
         <span>
          Anthropic said. A.I. software is already being used in hacks, including by
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          China
         </a>
         <span>
          ,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Russia
         </a>
         <span>
          and other governments. But this campaign was done “
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          literally with the click of a button
         </a>
         <span>
          ,” Jacob Klein, the company’s head of threat intelligence, told The Wall Street Journal. It was able to make “thousands of requests per second,” a rate that’s “simply impossible” for humans to match.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The scheme wasn’t perfect: Claude hallucinated some security credentials and claimed some documents were pilfered instead of publicly available.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But it underscores the power of A.I. agents, a feature that’s a big priority of Anthropic, OpenAI, Microsoft, Google and others.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Anthropic’s response to the incident is to keep advancing its software.
         </span>
         <span>
          “If we don’t enable defenders to have a very substantial permanent advantage, I’m concerned that we maybe lose this race,” Logan Graham, another Anthropic security executive, told The Journal.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Martin Peers of The Information
         </a>
         <span>
          had a snarky take: “That’s a little like the gun lobby claiming we shouldn’t ban guns because people need weapons for personal defense!”
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The incident raises other concerns:
         </span>
        </p>
        <div style="margin:0 auto;max-width:600px;width:100%">
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              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                What happens when hackers successfully use open-source A.I. models, which aren’t as closely controlled by their makers as Claude is, to plan similar attacks?
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                How much more costly will cyberdefense get? (A
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                recent IBM report
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                said that the average cost of a data breach in the U.S. climbed 9 percent, to $10.22 million.)
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Will Washington
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                step up
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                efforts
               </a>
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                to stymie China’s A.I. progress?
               </span>
              </li>
             </ul>
            </td>
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           <h3 style="color:#000;font:700 17px/25px arial,sans-serif;margin:5px 0 30px 0;letter-spacing:.2px">
            <span>
             HERE’S WHAT’S HAPPENING
            </span>
           </h3>
          </td>
         </tbody>
        </table>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Artificial intelligence start-ups dominate funding talks.
         </span>
         <span>
          Elon Musk’s xAI is
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          raising $15 billion
         </a>
         <span>
          in fresh capital, according to CNBC. (
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Elon Musk has denied
         </a>
         <span>
          the report). Thinking Machines, which was founded by the former OpenAI executive Mira Murati, is in early talks to
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          raise money at a $50 billion valuation
         </a>
         <span>
          , Bloomberg reports. And the company behind Cursor, the A.I.-based coding tool that has become indispensable in Silicon Valley, has
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          raised $2.3 billion
         </a>
         <span>
          in its latest round, at a $29.3 billion valuation.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Blue Origin lands a used rocket back on Earth.
         </span>
         <span>
          A New Glenn rocket booster from the company founded by Jeff Bezos
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          landed on a floating platform
         </a>
         <span>
          upon its terrestrial return, something Elon Musk’s SpaceX first did a decade ago. Doing that a second consecutive time allows Blue Origin to compete for more commercial and government space launches.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The White House prepares tariff exemptions in an effort to lower food prices.
         </span>
         <span>
          The Trump administration is preparing a proposal to
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          exempt imports of foods
         </a>
         <span>
          such as beef and citrus products from some of President Trump’s steepest tariffs, announced in April. The list of products is not final, The Times reports, but the potential exemptions come as inflation becomes a growing political issue and weighs on the president’s approval rating.
         </span>
        </p>
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        </table>
        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          Why markets are tumbling
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Bitcoin, global stocks, the dollar: All are selling off again today after the S&amp;P 500 suffered its biggest single-day loss in a month yesterday.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Here is what’s behind the market swoon.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Economic indicator concerns are worrying investors.
         </span>
         <span>
          The Bureau of Labor Statistics
         </span>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
         </span>
         <span>
          will probably release the September jobs report next week, analysts say. The data, which was supposed to have been published on Oct. 3, should give Wall Street and the Fed a better grasp on hiring.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But things get messy after that.
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Kevin Hassett
         </a>
         <span>
          , one of President Trump’s top economic advisers, said yesterday that the October nonfarm payrolls report will be released eventually too, but without the unemployment rate. That might cloud Fed officials’ understanding of how the labor market fared during much of the government shutdown when thousands of workers were furloughed or didn’t collect pay.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          And the chances of getting timely reads on inflation — especially the Consumer Price Index reports for October and November — any time soon are unclear, as data collection was most likely
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          disrupted by the shutdown
         </a>
         <span>
          .
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          That leaves the Fed in a bind.
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Alberto Musalem
         </a>
         <span>
          , the St. Louis Fed president, is the latest voting member of the central bank to express fears that lowering borrowing costs might stoke inflation. “We need to proceed and tread with caution,” he said yesterday.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The probability that the Fed will cut rates at its meeting next month has narrowed in recent days. According to CME Group, futures traders penciled in roughly 50 percent odds this morning, down from nearly 60 percent on Wednesday. That’s unnerving investors.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          There are also stock valuation jitters.
         </span>
         <span>
          High-flying tech stocks, including those at the forefront of the artificial intelligence boom, were among the hardest-hit in yesterday’s market plunge. Shares in Tesla, Oracle and Palantir tumbled sharply as more investors question tech companies’ huge spending commitments and stratospheric valuations.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          These issues are likely to dominate market chatter for days, heading into the most-watched event of next week: the latest earnings report by Nvidia, the biggest driver of the A.I. boom.
         </span>
        </p>
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        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          “The Big Short,” the sequel?
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Stepping into the debate over high stock valuations is none other than Michael Burry, the contrarian investor of “The Big Short” fame.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          His prescient bet against the U.S. housing market before its 2008 collapse was the stuff of Wall Street lore. Now he is taking on a new frothy corner of the market — some of the darlings of the artificial intelligence boom, writes Brian O’Keefe.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          A recap:
         </span>
         <span>
          Burry got Wall Street buzzing when his hedge fund, Scion Asset Management, revealed he’d made bets against two A.I. powerhouses. Scion’s latest
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          13F disclosure showed
         </a>
         <span>
          that Burry bought $9.2 million worth of put options against Palantir, with a notional value of $912 million. A similar bet against the A.I. chip giant Nvidia had a value of $187 million.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          “Sometimes, we see bubbles,” Burry wrote in an Oct. 30
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          post on X
         </a>
         <span>
          , his first post since 2023.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Burry’s bet against Palantir underscores a wider Wall Street debate over A.I. stock valuations.
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Alex Karp
         </a>
         <span>
          , Palantir’s C.E.O., called Burry’s move “crazy” and suggested that he was engaging in market manipulation in a CNBC interview last week.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Shorting Palantir has not been a winning strategy.
         </span>
         <span>
          Shares in the company are up more than 125 percent this year. And short sellers are down 82 percent betting against it through Nov. 11, according to S3 Partners, a market data firm.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Burry may not be done there.
         </span>
         <span>
          In a
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          post on X this week
         </a>
         <span>
          , he took aim at Meta and Oracle, and how they are accounting for depreciation in the context of their huge investments in Nvidia chips.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          “More detail coming November 25th. Stay tuned,” he added. (Burry did not respond to a request for an interview.)
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The stakes are high for Burry.
         </span>
         <span>
          He deregistered Scion this week, and will return investors’ money. Closing the fund suggests he will go it alone.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          “If you’re going to make these kinds of bets that are out of step with mainstream thinking, it’s probably easier just to do them in private,” Steve Sosnick, the chief strategist at Interactive Brokers, told DealBook.
         </span>
        </p>
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        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          “Everything gets delivered to their house from burritos to medicine. Why not cash?”
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-style:italic">
          —
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-style:italic">
          Deepak Rao
         </a>
         <span style="font-style:italic">
          , vice president and manager of Robinhood Money, on a new service that will allow Robinhood bank account holders to get cash withdrawals delivered to their door. The service, which is rolling out first in New York, carries a delivery charge of up to $6.99.
         </span>
        </p>
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           <td style="text-align:center">
            <img alt='A blue bubble with white text that reads, "How do you use A.I.? What are your best use cases?" The bubble underneath indicates a pending response.' class="css-xsf469" height="167" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2025%252F06%252F27%252Fbusiness%252Fdb-talking-ai-new%252Fdb-talking-ai-new-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3NjMxMjYzMTQuNzE2MTM1fQ:1vJthC:7Myp9DHMiHP2qv7HWTiLgjFOsdLDvUqKyuHxb0wfY4Y" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:10px;padding-bottom:20px;line-height:0" width="500"/>
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        </table>
        <h2 class="css-10nzuqq" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          Talking A.I. with the head of Williams F1 Racing
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-style:italic">
          Every week, we’re asking a leader how he or she uses artificial intelligence. James Vowles, who leads the Formula One team Atlassian Williams Racing, told DealBook that the technology helps crack coded language that may signal what competitors will do next. His answers have been condensed and edited.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          How do you personally use A. I.?
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          In Oxford, England, where I live, they pick up different colors of trash bins on different days. I wrote an agent that effectively scrapes the website and sends that to me the night before. If I can find something that automatically carries the bin out, then my life is complete. But I’m not there yet.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Have you given any directives to your team about what you want them to do with A. I.?
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Each car is producing about 50,000 channels of data. And there are two cars. We’re consuming a large amount of video information from our competitors, probably 20 or 30 video feeds. There are audio feeds as well from every driver that’s out there. We can hear what they’re talking about.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          At the rate we’re growing data, it’s impossible to keep up with human beings.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          How do you pull insights from that data?
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          An example: While teams talk in code on the radio about making a pit stop, you can basically infer it from the information you’re gathering. With A.I., what you have is the benefit of history: Let’s scrape through the last 20 races. We have a data stream for where they actually stopped in those races.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Now let’s listen to what language was being used in the last minute before it happened. It doesn’t take long to understand it.
         </span>
        </p>
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             THE SPEED READ
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                Paramount, Comcast and Netflix are reportedly
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               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                readying takeover bids for Warner Bros. Discovery
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                ahead of a Nov. 20 deadline. (WSJ)
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              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                “How Private Equity’s
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               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font:normal 17px/25px georgia,serif;vertical-align:middle">
                Vision for a Roofing Conglomerate
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                Went Bust” (NYT)
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                Out of Wall Street
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                ’: The Debate Animating the Fed Chair Race” (Politico)
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                European officials reportedly
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                discussed pooling dollars
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                held by their central banks as a way to lessen reliance on the Fed under the Trump administration. (Reuters)
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                future of the luxury electric vehicle
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                is in doubt as car buyers increasingly favor inexpensive models. (NYT)
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                “What are the clues that
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                ChatGPT wrote something
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               <span style="font:normal 17px/25px georgia,serif;vertical-align:middle">
                ? We analyzed its style.” (WaPo)
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          Correction: Yesterday’s DealBook newsletter incorrectly characterized ISS’s stance on offering “house” view on corporate votes. The company will continue to provide a benchmark voting policy; it will not stop offering them.
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