Microsoft leads AI investment in SE Asia; Under 40s' household wealth explodes; Ignatius pans RAND study on American renewal
WSJ: “Microsoft Chief Executive Satya Nadella will visit Southeast Asia [this] week to meet officials in Indonesia, Thailand and Malaysia, with artificial intelligence on the agenda at a time when the U.S. technology titan is betting on generative AI as a long-term engine of growth.’
Reuters: “Microsoft will invest $1.7 billion over the next four years into expanding cloud services and artificial intelligence in Indonesia, including building data centers, visiting chief executive Satya Nadella said on Tuesday.”
Axios: “Household wealth for those under 40 in the U.S. is up 49% from its pre-pandemic level, according to a new analysis from the left-leaning Center for American Progress. Why it matters: Young households haven't seen wealth growth like this since the Federal Reserve first started tracking this data in 1989.”
David Ignatius previews new report from RAND: “America is on a downward slope that could be fatal. What will save us is a broad commitment, starting with elites, to work for the common good and national revival. We have the tools, but we aren’t using them. If we can’t find new leaders and agree on solutions that work for everyone, we’re sunk.”
Dmitri Alperovitch: “To maintain leverage over China in the next quarter-century, America needs to ensure that China doesn’t achieve its much-desired 'chip breakout’ Luckily, the US has tremendous power here.”
Phillips P. O’Brien: “Really pleased to see French President Macron start a discussion about the need for a European nuclear deterrent. With the possibility of Trump getting elected, this has to happen.”