AI risks are real. So is human ingenuity.

I also believe in our capacity to investigate, invent and adapt. Meaningful human control must cover both the technology and the institutions deciding how it is developed, deployed and governed. One important guideline I have learned from another wise person: “Things are rarely as bad or as good as most people think.“ That makes this a debate about engineering,…

Read more

Positioning turns more defensive as Yen longs build

The week in one sentence: Yen positioning surged into a sizeable net long in the week to September 15, while Oil buying accompanied a sharp price increase. CAD shorts also retreated, but Gold exposure remained crowded despite a lower price. Euro and Australian Dollar positioning weakened alongside softer currencies. JPY: Longs keep piling up  Non-commercial net longs in the…

Read more