Merryn Talks Money
Trump Memecoin Frenzy, Herald Trust Says No to Saba, and Rachel Reeves in Davos
Jan 23, 2025
In this engaging discussion, John Stepek, senior reporter and author of the Money Distilled newsletter, dives into the implications of TrumpCoin, revealing how it bridges politics and crypto. He also sheds light on the recent tussle over Herald Investment Trust and Boaz Weinstein's Saba Capital. Additionally, Stepek shares insights from Rachel Reeves' remarks at Davos, linking Brexit's potential impact on AI and financial regulations. Get ready for a fascinating look at the intersection of economics, politics, and emerging trends!
19:22
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Quick takeaways
- The rise of meme coins like TrumpCoin illustrates the speculative nature of cryptocurrency markets, driven more by public sentiment than by fundamentals.
- The recent shareholder vote at Herald Investment Trust highlights a growing trend of retail investor engagement in corporate governance and decision-making processes.
Deep dives
Impact of Open Source AI on Startups
Meta’s open-source AI model, LAMA, is revolutionizing how startups innovate, making advanced technology accessible to all rather than a select few. For instance, Nano, a startup led by CEO Steve McCloskey, utilized LAMA to create an AI tool that facilitates collaboration among scientists to find new treatments for diseases. This democratization of AI tools fosters a culture of innovation, enabling smaller companies to contribute significantly to major scientific advances. As a result, the open-source initiative encourages cross-industry collaboration, potentially leading to faster solutions in healthcare and other fields.
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