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23.03.26 - 00:36
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How China could dominate AI era′s ′tokenomics′ with vast power grids and low-cost models (SCMP)
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“Tokens are the new commodity,” said Nvidia CEO Jensen Huang, clad in his iconic leather jacket, at the company's annual flagship developer conference, GTC, last week in San Jose, California.
The chip designer's helmsman wants to recast his company not as a silicon vendor but as the architect of what he calls “AI [artificial intelligence] factories”, whose standard product is “token”.
While Nvidia is busy writing the rules of a new token economy, a parallel debate is emerging in China around the......
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23.03.26 - 00:12
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US Treasury To Partner With Education Department To Collect Student Loan Debt (ZeroHedge)
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US Treasury To Partner With Education Department To Collect Student Loan Debt
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
The U.S. Department of the Treasury and the Department of Education (ED) jointly announced a new partnership under which the Treasury will assume responsibility for collecting on defaulted federal student loan debt, according to a March 19 joint statement from the departments.
Secretary of Education Linda McMahon speaks outside the U.S. Supreme Court in Washington on Jan. 13, 2026. Madalina Kilroy/The Epoch Times
The Federal Student Assistance Partnership will enhance the administration of student aid programs, mitigate any fallout and cost to taxpayers from mismanagement of the federal student loan portfolio, and facilitate the return of defaulted borrowers to repayment.
“As student loan debt nears $1.7 Trillion, it's clear that [the ED] was never intended to serve as our nation's fifth largest bank,” U.S. Secretary of Education Linda McMahon ...
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