This news podcast discusses three key indicators of the week: Firstly, a $500 billion investment in AI by a new American company, highlighting the unusually high marginal costs of AI compared to traditional software. Secondly, the release of a powerful, open-source AI model by a Chinese startup, DeepSync, challenging the dominance of US companies and raising geopolitical concerns. Finally, Prince Harry's settlement of a phone-hacking lawsuit against News Group Newspapers, emphasizing the role of economic incentives (specifically, the risk of paying the other side's legal costs) in influencing the decision to settle rather than go to trial. The podcast uses these examples to illustrate current economic and geopolitical trends related to AI and media. The $12 million (minimum) settlement paid to Prince Harry exemplifies the high cost of such legal battles.
