It's time now for the 360 round. For that, let's bring in our panel to discuss the outlook for AI in 2026. Joining us now, Noah Hammond, CEO of Advisor Shares, and Daniel Rubino, the editor-inchief at Windows Central.You know, Daniel, I'd love to start with you. You know, we had AI in 2025 seemingly focused on building capac uh capability. You know, what is 2026 really about.Is it scale now. Is it monetization. Or is it consolidation.>> H great question. And so there's a lot going on here, right. The issue ...

Hello and welcome to market domination. I'm Josh Lipton live from our New York headquarters that just now go to the closing bell and stocks. Well, let's take a look at the popular averages.The Dow, the S&P 500, they're both basically flat right here. Tech heavy NASDAQ in the red. It's down about 4/10en of a percent.Let's welcome in Jared Blickery to bring us to break down all the headlines. Jared, what are you seeing in the markets. >> Bit of red right now. A little bit of green.We'll get into that. But in ...

Welcome to Morning Brief presented by [music] Robin Hood, the home to commission free trading. I'm Julie Hyman. Let's get to the three things you need to know today. First up, Oracle shares are sinking [music] and reigniting concerns over the AI trade. Investors were disappointed by the company's [music] cloud sales and an increase in data center spending. Oracle has also taken out [music] significant sums of debt and committed to leasing multiple data center sites. But its massive [music] spending isn't ye ...

Market Overview - US stocks closed higher, driven by key AI companies, boosting hopes for a year-end Santa rally [2][19] - Bitcoin surged towards the $94,000 level, recovering from a recent selloff, with notable volatility [20][21] - The VIX, a volatility indicator, has decreased as markets stabilized, with the NASDAQ experiencing a 3% rally over the past two weeks [4][5] AI Industry Dynamics - OpenAI is under pressure as competitors like Google and Anthropic gain ground, with Anthropic preparing for a potential IPO in 2026 [6][7][57] - The competitive landscape in AI is intensifying, leading to concerns about commoditization and reduced profit margins for AI technologies [8][9][10] - OpenAI's CEO issued a "code red" memo, indicating urgency in improving their chatbot product amid rising competition [11][58] Economic Outlook - The macroeconomic environment is perceived as favorable, with equities at all-time highs and credit spreads at 15-year lows, but the probability of sustained perfection is low [28][31] - Inflation is expected to rise due to strong demand and supply chain constraints, with potential implications for central bank policies [32][35] - Japan's inflation is increasing, with corporate profitability rising significantly, indicating a need for higher interest rates [42][44] Geopolitical Factors - Ongoing Russia-Ukraine peace talks have not yielded results, which may have implications for European markets [51][53] - The potential resolution of the Ukraine conflict could positively impact the European economy, but expectations for a quick resolution are low [52][53] Company-Specific Insights - Nissan's CFO highlighted the company's success in China, attributing it to giving local teams maximum autonomy to meet customer demands [66][71] - The company is launching new models in Japan and Europe, aiming to enhance its global relevance [68][72]

Societal Impact - The document suggests that ChatGPT is enabling individuals with limited expertise to present themselves as highly skilled, potentially leading to overconfidence and misrepresentation [1] - The document expresses concern that ChatGPT may reinforce existing cognitive limitations in some individuals due to the widespread availability of easily digestible content [1] - The document speculates that the described phenomenon will ultimately benefit society [1]

Core Viewpoint - The concept of Artificial General Intelligence (AGI) is not a distant future but is already present, evolving through recursive processes that enhance its depth and scope [1][9][39] Group 1: AI and Organizational Transformation - The recent government document emphasizes the importance of "intelligent native enterprises," which represent a blend of technology and organizational models that transform production processes [3][5] - The challenge lies in bridging the gap between understanding AI technology and organizational operations, which is crucial for the implementation of AGI [8][18] - The emergence of "unmanned companies" signifies a shift towards AI-driven organizational structures, where AI becomes the primary agent of value creation [11][17] Group 2: Speed of Change and Value Creation - The rapid evolution of AI technologies is reshaping industries at an unprecedented pace, making previous models of operation obsolete [9][23] - Companies must adapt to the accelerated pace of AI development, as traditional business cycles may not align with the speed of technological advancements [26][28] - The focus should shift from merely using AI tools to redefining business models that maximize AI's potential [29][30] Group 3: New Paradigms and AI Thinking - The concept of "intelligent priority" suggests a need for new thinking patterns that prioritize virtual solutions and scalable experimentation [34][36] - The relationship between AI and human roles is being redefined, necessitating a shift in how companies approach collaboration between humans and AI [35][36] - The idea of "unmanned companies" raises questions about the future of business structures in a world where intelligence is evenly distributed, leading to potential economic stagnation [37][39]

Market Trend - ChatGPT 在苹果应用商店中随处可见 [1]

Tokenized Access - The industry is observing increased use cases for token gating beyond just community building, with examples like Backroom launching on Base for friendtech-style keys providing access to AI-curated alpha channels [1] - The industry is exploring value-add tokenization and unique spins on access control, exemplified by TimeFun's pay-to-play access model [2] Decentralized Finance (DeFi) - The industry focuses on aggregators/LP spots, potentially viewing Project X as a major protocol in the space [2] - The industry anticipates DeFi becoming as ubiquitous as smartphones or the internet within the decade, focusing on "obscured" or "everyday" DeFi [2] - The industry is interested in companies building rails to bring DeFi benefits to everyone without requiring crypto knowledge [3] Artificial Intelligence (AI) Tooling - The industry believes that a ChatGPT moment is rapidly approaching for various AI tools, with coding potentially already there and video generation soon to follow [3] - The industry notes the rapid acceleration in AI video generation, with tools like Grok Imagine, Veo, Gemini, and Everlyn challenging incumbents to drive down costs and increase generation speed [4] - The industry highlights the progress from struggling to generate still images with stable diffusion to near-instant, believable animation and video generation in under 3 years [3][4] Launchpad Dynamics - The industry observes Alon's strategic timing in launchpad activities, contrasting it with Bonk's launchpad strategy [4] - The industry is monitoring how Pump navigates the coming weeks [4]

Product/Technology - iOS is promoting ChatGPT as an iPhone essential [1]

Core Viewpoint - The importance of boosting confidence and improving expectations for the development of the private economy in China is emphasized, as it is essential for achieving Chinese-style modernization [3][5]. Group 1: Economic Growth Potential - China's economic growth potential remains significant, even if the growth rate is expected to decline to around 4% or 5%, which is still faster than developed countries [3][5]. - The potential for growth is supported by factors such as the hardworking nature of the Chinese people, strong innovation spirit, and a large market that provides advantages in the digital and intelligent era [4][5]. Group 2: Role of Private Economy - The private economy is deemed crucial for achieving Chinese-style modernization, and there is a need for confidence in its development [5][9]. - The government is encouraged to institutionalize and legalize the protection and encouragement of the private economy to ensure equal competition among different types of enterprises [10]. Group 3: Enhancing Scientific Literacy - Improving the scientific literacy of the population is essential to enhance the confidence of private entrepreneurs and the general public [6][9]. - The lack of scientific spirit among the populace can lead to the spread of rumors and misinformation, which negatively impacts confidence [7][8]. Group 4: Decision-Making Mechanisms - Establishing clear decision-making mechanisms for the private economy is necessary to address issues and enhance confidence [10][11]. - The need for a coordinating body to address the challenges faced by the private sector is highlighted, as current mechanisms may not adequately support private enterprises [10][11]. Group 5: Digital Intelligence Development - The rapid development of digital intelligence technology, such as chatGPT, presents both opportunities and challenges for the economy [12]. - The relationship between scale, development, and regulation in the digital economy needs to be carefully managed to maintain confidence in the sector [12].