KKReckonsSubscribe

The day in 8 cards

Bots borrow logins, proofs pile up, risk throws a beach party. Trust pays the price. Tap a card to see it full size, or a headline for the whole story.

  1. KKReckons explainer, Banks ask: who is logging in? 74% of firms plan to use AI agents within two years (Deloitte, via FT). Bots log in with customers' own passwords; Morgan Stanley blocks third-party agents while JPMorgan, BofA and Citi restrict access.01Your bank vs your bot
  2. KKReckons explainer, India's AI homecoming: Indian AI funding rose 235% year on year in Q3 2026 (Inc42). Ex-OpenAI, DeepMind and Google staff are building startups in India, helped by the IndiaAI Mission and peers like Sarvam AI.02The AI homecoming
  3. KKReckons explainer, Your pension is long AI: $138bn in AI-linked paper gains for 13 big US public pensions from end-2022 to June 2026. AI stocks are about 27% of their US shares, while New York and Pennsylvania push back on data centres.03Your pension is long AI
  4. KKReckons explainer, Bubble? Too gloomy: bears lead bulls by 8 points in AAII surveys, against a 20-plus-point bull lead in the late 1990s. AI firms make up 40% to 60% of US market value, and profit growth is likely to cool.04The bubble nobody loves
  5. KKReckons explainer, Loans, sold with a beach party: an estimated $30bn was withdrawn from retail-marketed private-credit funds in Q1 to Q3 2026 (Robert A. Stanger). Firms pitch with concerts, F1, tennis and golf, while many funds limit quarterly withdrawals.05Come for the concert, stay for credit
  6. KKReckons explainer, No layoffs in 75 years: Gund Co. has averaged 18% annual growth over the past decade. Every worker has a development plan and financials are posted openly; lean staffing and managing out non-adapters are the trade-offs.06The firm that never fires
  7. KKReckons explainer, Maths has proof indigestion: hundreds of long-standing problems got AI-aided proofs in recent months, Terence Tao says. Many AI results miss publication standards; Tao calls for new incentives and more responsible use of AI.07Proof indigestion
  8. KKReckons explainer, Better dogs, by design: Warhound raised $200mn to clone and gene-edit US working dogs, backed by Sequoia, Ark Invest, Lux Capital and In-Q-Tel. Anduril adds armour; ex-Pentagon data chief David Spirk leads.08Captain America, but a dog

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