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Read for tax, spending and public-finance trade-offs.
McDonald's has leaned into discounts to attract budget-conscious diners over the last two years.
Read for model efficiency and compute requirements.
Speculative decoding has been treated purely as a systems optimization that speeds up large language model decoding without changing the model behavior. Under this view, the growing effort to train better draft models has been focused…
solely on acceptance rate. We argue that this view does not hold true for long-horizon agent reasoning. Measuring frontier open-weight models on complex agentic tasks with different speculative decoding approaches, we found that numerical noise grows within verification windows, and the draft acceptance results of the thinking process can change the output distribution of the model after 30 steps, thus noticeably influencing the reasoning accuracy of long-horizon agents in random directions. In this work, we improve the reasoning capability of target models by controlling such noise. While we cannot change the overall token distribution verified by the target model, we can encode critical reasoning with highest precision by training the draft model to be rejected. We identify these points in agent traces and train the draft model to favor adversarial preference. At inference the trained draft and the target part ways precisely at these decision points, verification restarts, so that critical thinking tokens are sampled from the target model and encoded under its least noisy conditions. This approach makes critical reasoning better indexed and more durable over a long horizon. On complex agentic coding benchmarks, our approach raises end-to-end success rate with no change to the target model or its output distribution. Our results recast the speculative decoding mechanism from a pure accelerator into an active allocator for context precision that improves the accuracy of long-horizon agents by training 0.06% to 0.28% of hosted parameters.
OpenAI will acquire Pierre Computer Company, expanding Codex’s tools for building, understanding, and reviewing code.
The move would reverse the company's $78 billion acquisition of Aetna and dismantle the vertically integrated healthcare conglomerate it created in 2018.
Credit unions could benefit from several ideas put forward today by the Prudential Regulation Authority and Financial Conduct Authority aimed at helping the sector grow, innovate and meet the changing needs of their members.
Spin-off of roughly 9,000 drugstores comes as political pressure mounts on pharmacy benefit managers and health insurers
Hyperscalers surge and chipmakers fall as investors bet on winners and losers from expected Democrat backlash against AI boom
CVS to break up $117 billion business, separating pharmacies from insurance; shares fall Reuters
Listen to this post : Log in to listen From Bloomberg this morning at 2 a.m. Central: Democrats won control of both chambers of the US Congress in a midterm election landslide that amounted to a rejection of President Donald Trump following widespread voter discontent with the economy and the war in…
Iran. Across the country, Democrats scored victories in GOP strongholds, flipping at least seven Senate seats and winning House races in districts Republicans easily carried in 2024. Several news organizations projected that Democrats would win the House, while Decision Desk HQ projected they took the Senate. I have no doubt that Iran and the economy played significant roles in this election; what stood out to me, however, was very much Stratechery fodder. Specifically, I watch a lot of sports, and particularly this fall, watched a lot of baseball. My Milwaukee Brewers — excuse me, my World Champion Milwaukee Brewers — demanded my full attention, which also meant I saw a lot of campaign ads, and by far the most common topic, at least here in Wisconsin, was data centers. Moreover, it was never entirely clear which way it cut politically: both parties were anti-data center, accusing their opponent of being the opposite. Meanwhile in Texas, from Yahoo Finance : A strong showing by Democrats in Texas swept Gina Hinojosa into office as the state’s first Democratic governor since 1990 in a contest closely watched by Big Tech companies. The state is considered a bellwether for government restrictions on AI data centers…Hinojosa, Texas’ first Latina governor, has pledged to impose a moratorium on data center construction in Texas, which accounts for more than 25% of planned US capacity by 2030. Republican incumbent Greg Abbott, I would note, already declared a moratorium on new data
Daybreak Red brings GPT-5.6 Cyber to approved customers in AWS GovCloud (US-East) through Amazon Bedrock for authorized cybersecurity work.
Trump's handling of tariffs, the Iran war and an array of Washington-area construction projects are sure to face sudden pushback from newly empowered Democrats.
Alex Schultz tells FT’s Future of AI summit that falling birth rates mean AI will be needed to support dwindling numbers of people
Learn how Google Antigravity and our Cheminformatics Skills accelerate drug discovery workflows, search compounds, and propose novel rigidified macrocycles.
The next debt-ceiling confrontation could reverse Washington's traditional political roles, raising the possibility of spending concessions, market volatility and a damaging default.
Trump is a frequent critic of media companies, especially broadcasters that he views as being biased against him.
Almost half of Ireland’s corporation tax haul comes from just three companies: Apple, Eli Lilly and Microsoft. Here is much more from Jude Webber at the FT , on why Ireland does not always feel or operate like a wealthy country.
Market analysts react to Democratic sweep in US midterms Reuters
That is the theme of my latest Free Press article . Excerpt, which offers the beginning of the story: If we look at the 1960s, the John F. Kennedy and Lyndon Baines Johnson administrations brought James Tobin, Robert Solow, Kenneth Arrow (all three later Nobel laureates), Arthur Okun, Walter Heller, Gardner Ackley, Otto Eckstein, and Walt Rostow into government. Those were all…
names with significant academic heft who could count among the world’s leading macroeconomists. Nobel laureate Paul Samuelson served as a consultant to the government. Heller and some of the others helped to shape the Kennedy-Johnson tax cut of 1964. That cluster of talent and its influence should come as no surprise. This was an age of elites, of love for science, of the moon landing project, and of network news shows with an establishment bent. Americans were used to deferring to elites, who had won World War II for them, and who were not out there making fools of themselves on the internet. With the Cold War raging, Americans felt their government had to get it right… Most of this respect was still in place by the 1980s. President Ronald Reagan appointed Martin Feldstein to chair his Council of Economic Advisers (CEA), Feldstein being a Harvard professor and one of the leading market-oriented economists of his time. Two of the junior economists working for Feldstein were Paul Krugman and Lawrence Summers—before they became famous, but the intellectual firepower was already there. Michael Mussa and William Niskanen were other notables in the administration, and Milton Friedman and Friedrich A. Hayek were standing sources of inspiration. And this: On top of those political trends, there are further mechanisms at work pushing down the social status of economists. The Trump administration is propos
Direct Nash Optimization (DNO) aligns a language model to a general preference function by approximating the Nash equilibrium of a two-player preference game. Its practical variant, DNO-Prct, iterates on-policy sampling, LLM-based rating of the samples together with a teacher's gold response, large-margin preference-pair selection and a DPO-style contrastive update. We…
re-implement DNO-Prct independently and study it on two open-weight instruct models, Llama 3.1 8B Instruct and Mistral 7B Instruct v0.1, with GPT-4o or a larger open-weight model of the same family as the annotator. On AlpacaEval 2.0 with GPT-4o as judge, three iterations raise the length-controlled (LC) win rate against GPT-4o from 31.7% to 45.3% for Llama and from 6.8% to 18.4% for Mistral, and the tuned 8B model scores above Llama 3.1 70B Instruct on every reported win rate. With same-family open-weight annotators, the runs retain 62% (Llama) and 82% (Mistral) of the LC gain achieved with GPT-4o as annotator, so the rating step does not require a proprietary model. In a separate ablation configuration, variants that remove the gold responses, remove the data look-back, or accept only teacher-preferred pairs score 6 to 10 LC points below the full procedure, whereas varying the number of on-policy samples per prompt (1 to 7) moves the LC win rate by at most 2.1 points, and a margin sweep (1 to 5) run in its own pipeline by at most 2.4 points. We also report the cost of the pipeline and where the practical algorithm departs from the theory it approximates. All results are single runs, and GPT-4o is both the teacher and the evaluation judge; we discuss what this implies for the reported gains.
Learning a universal action representation from video requires modeling dynamics that are consistent across different executions of the same action yet invariant to changes in embodiment and appearance. Existing latent action models infer actions from visual transitions, but their representations often entangle the underlying action with irrelevant visual variations, limiting…
transfer across embodiments. We introduce DreamX, which repurposes a pretrained video diffusion model as a universal latent action learner. Our approach extracts compact latent actions from the video model's rich spatiotemporal features, compressing each latent video frame by $\boldsymbol{300\times}$ ($\boldsymbol{1{,}200 \rightarrow 4}$ tokens). In addition, by leveraging the video model's generative prior, these latent actions capture action-relevant dynamics disentangled from visual appearance. The resulting latent space serves as a shared action interface across embodiments (human and robot), environments, and action parameterizations. On LARY-Bench, DreamX achieves state-of-the-art performance among latent action models. Moreover, actions encoded in one setting remain effective in another: the latent space supports any-to-any video transfer and zero-shot action transfer across diverse embodiments and environments. Furthermore, this shared interface also enables policy learning in a compact latent action space, reducing the computational cost of video-diffusion-based policies.
For a decade, progress in artificial intelligence has been measured by how much a machine can do on its own. Large foundation models now write code and run multistep tasks, and personal agents act on a person's behalf. Yet people still forget what they once knew, miss what they are not looking at, fail to find the right words, and face hard choices without the benefit of their…
own history, because the machine that could help stands outside the situation. As AI moves into the physical world, attention has settled on one kind of intelligent individual, the embodied robot; we argue that the era of Physical AI holds a second kind of equal importance, the person augmented by AI. Alongside artificial general intelligence, which asks how intelligent a machine can be, stands AI-augmented human intelligence (AHI), which asks how much intelligence a machine can enable in a particular person. Realizing it calls for a new kind of system, a cognitive symbiont: a lifelong, embedded, real-time, private, low-friction, and proactive companion that senses what the person senses through external devices, keeps their context across years, models their situation and their mind, takes part in their thinking at the right moment, carries out everyday tasks with their context, and keeps learning the person as both change. We give the paradigm a conceptual core, the cognitive gap between what a person could bring to a situation and what they can hold in working memory, and organize its design space as a symbiosis loop of sensing, keeping, understanding, living alongside, acting for and thinking with the person, and growing, enclosed by a personal runtime and by trust. Because a symbiont changes what a person can do in front of others, it also raises risks of a new kind, from covert assistance in
This article was originally published on our Substack. After years of back and forth and months of mounting speculation, this week the Government gave the green light to the Jackdaw gas field. But one small hydrocarbon project dominating headlines risks missing the much bigger – and more important – question over where tomorrow’s good jobs in Aberdeen will come from. When we…
visited Aberdeen earlier this year, we saw what the city has to offer and the incredible depth of expertise and infrastructure it has built over decades, but to put this to best use, we need to start focusing more on the city’s future and less on its past. Oil and gas jobs are running dry Aberdeen remains at the centre of the UK’s oil and gas industry, and when the industry has boomed so has the city. In the early 2010s, total disposable incomes in Aberdeen exceeded the UK average by a fifth, and the earnings of people working in the city by almost half (47 per cent). The flip side to this is that when the industry has suffered so too has the city. When oil prices halved between 2014 and 2016, the city sank into decline, and Aberdeen’s earnings premium over the rest of the UK has since fallen by three-quarters, while payrolled employment is down 8 per cent since 2015. Now, Aberdeen faces a new problem: after extracting close to 48 billion barrels of oil equivalent, reserves are running dry. UK oil and gas production is down 76 per cent on its 1999 peak and is set to fall by another 40 per cent by 2030 (and by over 90 per cent by 2050). While Jackdaw will increase output, its contribution will only be marginal: the new field will generate fewer than 30 permanent roles. For Aberdeen and its specialised workforce there is now no other option than to look elsewhere for jobs that can fill the gap the oil
Welcome to October’s round-up! This month, we’re putting the spotlight on workplace mental health tools, a significant topic that we’re seeing a lot of in our pipeline, and asking what it takes for workers to actually use them. With the Budget landing earlier this week, we’ve also pulled out the highlights for founders and investors, alongside the Resolution Foundation’s…
overnight analysis. And as ever, we’ve rounded up the most exciting updates from the WorkerTech world, from demo days to new market reports. See you next month, Aish Mind the trust gap: Workplace mental health provision and worker attitudes An increasing number of employees in the UK are offered mental health support at work. Only a small number use it. Two new surveys, results of which were released earlier this month give insights into why. In August and September of this year, Kara Connect, a UK-based wellbeing provider surveyed 2,010 UK employees , and found that while 91% of those employees have access, only 37% would turn to a mental health support tool via their employer. Around a third (32%) worried it would affect their career. Also released this month was AXA Global Healthcare’s Mind Health Report , which surveyed 19,000 people across 18 countries. It found that while some of the concerns found among UK employees (in Kara Connect’s report) were also present across the world, access was limited. While 84% of those surveyed said they would probably or definitely use at least one form of workplace support if it were available. Only 41% say they have access. 33% of the people surveyed reported concerns that talking about mental health at work would affect job security. This tells us that there is a design problem at the centre of workplace mental health tools and platforms: trust. Another piece of
This blog was originally published on the Resolution Foundation’s Substack. While the £100 Household Energy Payment grabbed most of the headlines, another energy bill change announced on Wednesday has got less attention. But John Healey’s request for Ofgem to abolish the standing charge on household gas bills by the end of 2027 will also affect future bills. And because it’s a…
regulatory change, the Treasury leaves it out of its distributional analysis. So here we’ve tried to fill that gap and understand who will win – and lose – from this switch. The standing charge, £108 a year for the typical billpayer, is paid by every gas-connected household however little gas it uses. Suppliers will recover it through higher unit rates instead, so the change costs the Exchequer nothing, and efforts to reduce the disparity between gas and electricity costs will – in a small way – help to make the case for more heat pumps in homes. But it is not free: it moves around £600 million a year from households that use more gas to those that use less, with no regard to their incomes. In effect, it adds to what we at RF have dubbed the “shadow tax and benefit system hidden within energy bills”, with the transfer set by a regulator rather than in a Budget. Still, upfront, there is a lot to like about it. Standing charges make up a much bigger share of low energy users’ bills than higher users: at today’s prices the charge is an eighth of a typical gas bill, but more for those who use less gas. Prepayment customers who self-disconnect also keep building up standing charges as debt, which abolition would end. The catch is that gas unit rates would rise by around 10 per cent – at a time when they are at record highs with little chance of falling back to earth. Not all households will benefit. We
Afternoon all, While Wednesday’s Budget might have been a more modest affair than we’ve become accustomed to, RF staff were still crunching the numbers late into the night, soundtracked by Treasury officials cheering on the Chancellor for downing a pint getting through his first Budget. Instead of taking Friday a little easier, we’re still here to bring you bonus content.…
Overall, this scattergun Budget did not rise to the scale of the challenges facing Britain . We need more than £100 to the wrong people in the face of another energy price shock, and a forecast for falling living standards over the rest of the Parliament. Read on for five brand new scary charts fit for Halloween: from why things have already got worse, to why it (actually) isn’t all about economic growth. That said, there were things to welcome this week. A sensible decision on minimum wage, worthwhile reform in closing the gap between tax rates on savings and property income with those on wages, and money to help the PuFiNs fly. The stage is set for the true reckoning of priorities in 2027 – but first, sleep. Have a good weekend, Ruth Do you feel lucky punk? One of the Chancellor’s big choices was to use some of his insurance policy (letting the current budget that he has promised to balance fall from £24bn to £15bn). If things turn out better than expected this will prove a wise move. So far, however, it looks like the Chancellor’s chips are down. The OBR took economic data up to mid-August into account in its forecast. By Budget day, gas prices were far above the OBR’s central forecast and looked dangerously close to its “severe” shock scenario, while oil had climbed two-thirds of the way there. On energy prices, the OBR’s downside scenario is starting to look like the central case (though at our ev
Like living metaphors, these self-contained miniature worlds show us the wondrous and fragile beauty of our biosphere - by Aeon Video Watch on Aeon
To catch up to China, America and its allies must dig.
What your dad has in common with the African striped mouse.
Gaza has been experiencing an old-fashioned scorched-earth campaign reminiscent of the Nakba of 1948 and no different from the settler-colonial genocides of previous centuries. Yet much of the outrage generated by Yuval Abraham and Rachel Szor’s film NAZA concerns Israel’s use of artificial intelligence and other computational technologies to select targets and calculate how…
many people will be killed.
How far will he go to make peace—and war?
The separation of church and state has an unspoken psychological basis: we choose what we believe, but not what we think - by Neil Van Leeuwen & Jacob Eisler Read on Aeon
How many Sagrada Famílias is too many?
Detroit is the largest city in Michigan, a swing state. To win the Senate, the Democrats need to hold on to the one Michigan seat (out of two) that is up for grabs, and have chosen a new candidate, Abdul El-Sayed, a moderate leftist in European terms, a ‘communist loser who hates Jews and Israel’ according to Trump, ‘very, very evil’, per J.D. Vance.