INFORMANT

TRANSCRIPT

The Operator: Governor Gavin Newsom has just issued an executive order to rein in artificial intelligence before it is too late, calling for a team of experts to draft safety plans that could mandate independent oversight and even kill switches for frontier models, according to CNBC Technology.

The Operator: In Tokyo, the Nikkei 225 gained 1.5% despite a Bank of Japan rate hike to 1.25%, as the yen weakened and bond yields slipped, reports CNBC Markets.

The Operator: Over in America, shares of J.B. Hunt plummeted 13% after the company warned that costs are rising faster than they can raise prices, making it the worst performer in the S&P 500 this week, CNBC Markets adds.

The Operator: And across the Pacific, Indonesia's new finance minister faces an uphill battle to restore fiscal credibility after credit ratings were cut and the rupiah slid to record lows, Yahoo Finance notes.

The Operator: That's the show. We're on Spotify and YouTube — if this earned it: like, subscribe, tell a friend. And housekeeping: the machine that writes this gets tuned constantly for cleaner news. The numbers are real; the jokes are not. One more thing: this whole station runs on one garage computer, and if the tape ever earned you a coffee, there's a tip jar at informant.reiners.io. It keeps the phone line on.