How banks kept $485 billion of the Fed’s rate hikes from savers. “Even then, just 7 cents of every dollar of rate increase reached the average savings account.” The study tracks Fed Funds vs. the FDIC’s national average savings rate […]
Ford’s IPO was a circus. “The syndicate will include just about everybody who’s in the business and who isn’t, or hasn’t been, in jail,” a Blyth vice-president told John Brooks. In 1956, Ford’s IPO needed a 722 firm syndicate, mailed […]
Credit card spend on Delta’s co-branded Amex cards is 1% of US GPD. That sounds like a lot, right? It is! ~ learn more
We’ve made honesty too expensive for the people closest to us. “When someone tells me something hard, I’ve trained myself to say “thank you” before I say anything else.” Brent Beshore argues that defensiveness quietly teaches people to stop being […]
Can we have Friday off? Alas, probably not, because the human competitive game is relative not absolute. “If AI is going to 10x our productivity across the board, that means that I should be able to produce the same amount […]
Watch me control my computer with just my voice. “This is the future of operating systems. No hands.” A quick demo of GPT-Realtime 2.0 doing real computer control by voice, the kind of thing that makes keyboards feel optional. ~ […]
AI agents, crypto wallets, and an API search engine. Zero indexes API services so an agent can discover and use capabilities on the fly, then settle metered usage directly with providers via the CLI, funded by its crypto wallet. The […]
Half a billion on Claude. “An AI consultant tells Axios one of their clients recently spent half a billion dollars in a single month after failing to put usage limits on Claude licenses for employees.” Considering my experience once spending […]
Illinois legislature may have lost its mind. They’ve passed a budget bill, pending Governor Pritzker’s signature, that will tax each crypto transaction (exchange, transfer, or storage) by IL taxpayers 0.2% of value. Is this the most aggressive thing any state […]
Founders Fund hosts a game of Mafia. “Venture capital firm Founders Fund gathered a group of tech leaders for an evening of Mafia, a murder mystery style parlor game. Players are secretly assigned roles and must use deception and debate […]