Episode Details

The IMF's October Global Financial Stability Report dropped Tuesday, naming AI financing as a top near-term threat to the global financial system — $300B in equity, $650B in debt, $1.4T in revenue commitments in a circular structure the report calls "wrong-way risk." Also: Anthropic says new defenses cut distillation attacks 90-99%, and Huawei is now at 28% of China's AI chip market as Nvidia's shipments fell 44%.