Wall Streets Big Week for Earnings and Economic Data

ImageAndrew here.A fascinating development on Sunday underscores the brutal economics of the artificial intelligence race: Anthropic extended access to Fable, the consumer version of its high-powered Mythos model, for another week, delaying a plan to charge extra for it.Because Fable requires so much computing power, Anthropic is most likely taking a loss on the move.

The extension came after fierce internal debate, driven by fear that users would otherwise flock to OpenAI’s new GPT-5.6 model, which some find comparable or even superior.This is more than a product story.It is a perfect prisoner’s dilemma, with tech giants burning cash to take market share before potentially trillion-dollar I.P.O.s.

There’s a huge question with enormous consequences: Are these A.I.giants becoming low-margin commodities — or can they find a way to make huge profits?ImageWhat to watch for this earnings season Even as the U.S.-Iran cease-fire unravels, stocks are approaching record territory again.

And some on Wall Street see the rally grinding higher still.That will depend on how companies manage geopolitical uncertainty — as well as high inflation, an uneven labor market and growth risks.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe....