Capstone

How does Harris differ from Biden on energy and industrials, and what's her record on the key issues she'd address in office? We answer these questions and more in our latest insight: https://lnkd.in/ezMGAzFP #2024election #harris #energypolicy

NTIA released its report on open-weight models today, recommending a "monitor and evaluate" approach. The report is a thoughtful even-handed overview of the relevant issues. A few reactions: 1. State capacity is a hard problem: AI experts have employment options; standing up monitoring capability will further exacerbate existing challenges with .gov human capital management. 2. Tech routes around censorship: As alluded to in the report, limiting access to open weights is the same challenge (unsuccessfully) faced by earlier attempts to prevent the export of open-source encryption. 3. Hard limits are always smurfed: Training is the only workable chokepoint. If an enforceable limit on training power (100 yattoFLOPs in the Biden EO) exists, some clever soul will (eventually) figure out how to compose a partitioned model where each partition is trained just under that limit. 4. The danger to the expressed national security interests is in smaller, specialty-trained models: It is already possible to run a gpt-3.5 equivalent (or better) model on consumer hardware and fine-tune it with nbcw or cybersecurity content. There's a tension between the policy trigger (training compute) and the stated aims (national security). The former appears more relevant for addressing the potential for AGI.

Introducing Capstone’s India Advisory Board, which augments our capabilities helping the world’s largest companies and most influential investors navigate the regulatory landscape in India to unearth novel opportunities and avoid hidden risks. We are excited to welcome a group of influential leaders to advise us and our clients on issues driving India's economy: Dhanendra Kumar, Navtej Sarna, Karan Avtar Singh, and Vishwapati Trivedi Learn more about our India Advisory Board members here: https://lnkd.in/expFe6Zt

Curious to learn about Capstone's Healthcare advisors? Listen to Grace Totman share a bit about how the team helps investors and insurers stay ahead of policy/regulatory shifts that are shaking up the health insurance industry. You'll also learn about the key issues we're in the weeds on now, including: - two ways CMS is brewing up the perfect storm for MA insurers - why investors need to shift their understanding of valuation - how state scrutiny of private equity in healthcare will impact investors ...and more  https://lnkd.in/di36PW57 Read more about our healthcare expertise: https://lnkd.in/g4j4c23M Contact us at [email protected] to learn more. #Healthcare #Insurance #MedicareAdvantage #InvestmentStrategy #PrivateEquity #RegulatoryChanges

This week, we're reviewing Capstone's predictions on financial services. Heightened regulatory action ahead of the election and key legal decisions have shaped the market so far in 2024. In a recent Q&A, John Donnelly, Capstone’s head of US Financial Services, shares insights on what’s next for financial services policy. Read the full article for more: https://lnkd.in/gkg-s5mb #CFPB #CreditCardCompetitionAct #ConsumerFinance Discover our financial services expertise: https://lnkd.in/gQdQ7SeQ Contact us at [email protected] to learn more.

The FCC's 2024 sprint reinstated net neutrality and tackled broadband policies. Big questions loom: Will price regulations hit broadband? As the election nears, major deals like #Intelsat #SES hang in the balance. Discover what’s ahead in 2024 with insights from Capstone’s lead telecommunications analyst Matt Wiederrecht. Read the full article here: https://lnkd.in/g_-qC-tb Learn about our TMT policy expertise here: https://lnkd.in/dFmtq3KU Reach us at [email protected] to learn how we can help.

Capstone acted as an advisor to Tiger Infrastructure Partners on its successful investment in Unison Energy. Unison is a fully-integrated Energy-as-a-Service (EaaS) platform that provides behind-the-meter microgrid solutions including comprehensive power, heating, and cooling solutions to a wide array of end-markets in North America. Read more about the transaction here: https://lnkd.in/eREMviZr To learn about Capstone's regulatory due diligence services, visit our website: https://lnkd.in/gHTZa3tQ Reach us at [email protected] for more.

ACHPs newest Medicare Advantage reform ideas are a great place to look as Congressional appetite to reform MA steadily rises- albeit quietly. A good reminder that many of the recent MA broker/FMO changes were inspired directly by ACHP recommendations. My personal favorite reform cited- tiered coding intensity adjustments. To learn more about the likelihood of such reforms and what they would mean for MA/VBC, don't hesitate to reach out.

Capstone's Andrew Gier, CFA and Alexandra Baird spoke to the Wall Street Journal about the Biden administration's climate-friendly energy projects, highlighting the balance between clean-energy goals and domestic manufacturing. Read the full story here: https://lnkd.in/gnGidA9V

Hosting CRES' Heather Reams on the future of clean energy was delightful. Thank you for the great insights!