Elizabeth Lopatto is a senior writer at The Verge, where she covers how the internet is changing how we think about money: cryptocurrency, business, fintech and Elon Musk for some reason. She joined the site in 2014, as science editor, then deputy editor running science, transportation and social media, before she got tired of being an authority figure and went back to blogging.
The last time Changpeng Zhao got into a Twitter fight with a guy whose company he was an investor in, FTX went belly up. Anyway, here he is scolding Elon Musk about a grimace emoji in response to the enormous, record-breaking hack of Binance.
Anthropic faces intense competitive pressure and huge fixed costs. Can Claude build itself fast enough to succeed?
This one is for the real finance sickos — what the increased cost of capital for CoreWeave means. Marc Rubenstein, a former hedgie, is fairly granular about CoreWeave’s loans, which is helpful for trying to understand this situation. I came away wondering if Nvidia, which I think is is functionally the central bank for the neoclouds, will decide to bail CoreWeave out, and if so, what that will look like.
[Net Interest]
Yes, of course there are pay package incentives in play for Musk. But that’s not all.
What three hours of a documentary looks like to someone who spent four months at the Holmes trial.
In a deep-dive profile of Marc Andreessen’s petty grievance bullshit, Bloomberg Businessweek gently points out that he is not exactly a member of the reality-based community. Since covid, that’s gotten worse, as he and his wife have cocooned themselves away from ever encountering a normal person.
The London Review of Books surveys the gambling landscape: how “prediction markets” have been handed the CFTC, market manipulation, and the blurring of reality. To state the obvious: “Prediction markets don’t produce truth. They are high-stakes wait-and-see machines, that’s all.” Do stay to read the very end.
[London Review of Books]