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What I Read This Week…

chamath.substack.com · 387 words · saved by 1 readers

U.S. consumer spending may be weakening, Meta released the first open-source model that is competitive with GPT-4o and Claude 3.5 Sonnet, and new blood test can detect Alzheimer’s with 90% accuracy

Watch All-In E189 Read our Deep Dive on U.S. Defense Caught My Eye… Consumer spending in the U.S. is showing signs of weakening, potentially signaling broader economic deceleration. Recent earnings reports from major companies like UPS indicate softening demand, while the consumer sentiment index has fallen to an 8-month low. With consumption representing about 70% of U.S. GDP, weakening consumer spending could negatively impact U.S. economic growth. Analysts attribute the spending slowdown to several factors, including depletion of pandemic-era savings, increasing credit card debt…

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