Non-US investors own more US stocks than ever: Investors from outside the US held $24.32 trillion of US equities in July, the 3rd-largest amount in history. Year-to-date, foreign holdings of US equities have surged +$2.22 trillion, or +10%. Since the 2022 bear market, this figure has soared +$12.3 trillion, or +103%. As a result, foreign allocation to US equities jumped to a record 60% of their US financial assets. This proportion now stands ~6 percentage points above the 2000 Dot-Com Bubble peak. Foreign appetite for US equities is historically strong.

Nonstop swells and a super El Niño phenomenon are stripping sand from Newport Beach, exposing buried hazards beneath one of California’s famous surf spots. WSJ’s Paul Kiernan reports from “the Wedge” on the unprecedented erosion reshaping the beach. 🔗

Non-Muslims can’t move to a Muslim country and drink beer or wine, eat bacon or pork, or even own a pet dog. It’s all haram. Non-Muslim women wouldn’t be safe walking around in shorts in a country ruled by Sharia. So, why the hell do Muslims think they should be allowed to come to non-Islamic countries and tell everyone to change their laws and customs to accommodate them?

NONE OF THIS WITHOUT ELON MUSK AND 𝕏. Nick Shirley at All-In Summit: "If it wasn't for Elon and X, none of this would have been possible. For instance, I post that video about the fraud on YouTube. It does well. It gets a few million views. On X, it got 140 million views, and the most important people in the world see it, and they're able to see, like, oh, we're not doing our job. Let's go do what needs to be done."

none of these labs are actually slowing down... grok 4.7 is expected this week, and 4.8 will finish training this week openai's Astra successor is close to solving another millennium problem google is rumored to be using a bit of RSI in its model development zhipu wants AI helping build its next-gen model