The gist: People, including on this staff, keep asking me with varying degrees of excitement or trepidation when the AI bubble will burst. I'll tell you what I tell them: If I knew that, I would make a life-changing bet on the market, levered up as far as I could, and then, after I made my money, […]
The gist: The Anthropic S-1 seems to have provided the financial justification for the company to spend as much as it possibly can on compute. If you are the kind of person who wonders if Anthropic is doing its level best to build a machine god while convincing Wall Street it's in the business of selling IT […]
The gist: Oh sure, SpaceX's credit risk is pretty high because it's about to borrow another $40 billion to spend on Nvidia chips, but who cares about that? SpaceX and Tesla have formed special committees to discuss a merger! The degree to which you find this merger compelling likely has to do with the degree to which […]
The gist: This review contains spoilers. I have heard it said that of all the drugs, fame is the most addictive. For Elizabeth Holmes, at least, I am willing to believe that is true. It is the only explanation for You Can See Everything, a movie that is, at its core, about several varieties of manipulation. Holmes, […]
The gist: CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition - when investors demand 1,000 basis points more in yield than they'd get from government bonds. Last Tuesday Chamath "SPAC King" Palihapitiya noticed the distressed debt, and also asked whether the AI buildout was a p
The gist: Back in February, I went to Los Angeles to take in some art and stayed in Koreatown. Down the street from my hotel, there was this little coffee shop - Stagger - that is, I think, best known for its matcha, which is good. But the drink I unexpectedly found myself obsessed with was their […]
The gist: In a throwback to MySpace-style internet drama, Shivon Zilis announced that she and the father of her four children, Elon Musk, had broken up on X. To do so, she quote-tweeted a post from "Big Tech Alert," an account that, among other things, monitors what accounts are following and unfollowing each other. That post no
