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a16z sees AI fundamentals thriving with 80% GPU utilization. AQR sees the CAPE at the 96th percentile. Both have data. Both may be right.

How hybrid recommender systems balance multi-armed bandits against LLM inference cost economics in 2026. A deep dive into Netflix recommendation algorithm architecture and Spotify's AI DJ recommender system.

AQR's 2026 data shows private equity returning 4.2% versus 3.9% for public equities. The 30bp illiquidity premium barely justifies years of lockup.

Britain faces strategic isolation: locked out of EU defense cooperation, unwilling to join Trump's coalition. The mid-Atlantic bridge has nowhere to land.

At Davos 2026, Carney told allies to take down the signs of the liberal order. Middle powers are learning to navigate between giants without illusions.

Sara Hooker's research challenges the trillion-dollar scaling thesis. Compact models now outperform massive ones as diminishing returns hit AI.

Statistical analysis of 20,000 crash game rounds verifies the 97% RTP claim. But 179 rounds per hour means expected losses exceed 500% of wagers hourly.

85% of AI projects fail. Only 26% translate pilots to production. The winners automate the coordination layer where employees spend 57% of their workday.

Japan holds $5 trillion in foreign assets. With 30-year JGB yields now above 3%, the carry trade that defined Japanese investing faces new friction.

Cornell research: GLP-1 users cut grocery spending 5.3%, fast food 8%. With 16% household adoption and savory snacks down 10%, food stocks face headwinds.