In AI Exposure, Sometimes Worse is Better
Plus! Measuring Private Credit; Joint Ventures; Fast Following; Closed Loops; Bubbles
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The Meta Safety Model
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Airbnb's Mezzanine Financing Strategy
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The Economics and Politics of Pacing the Frontier
Read this article →Plus! Diff Jobs; Reflexive Funding; Insider Trades; Reference Implementation; Margins; Law Enforcement
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Longreads + Open Thread
Read this article →Emerging Markets, Wishful Thinking, AI Detectors, Growth, 9/11, Rates, Quotes
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Audio Fixed—Oura: Moats, Bundles, Complications
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AI Growth is Visible in GDP, If You Squint Right
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Staying Calibrated
Read this article →Plus! Diff Jobs; Transparency; Disclosure; Credit Ratings; AI Jobs; Branding Inference
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Longreads + Open Thread
Read this article →Loans, Aztecs, Robotics, Research Fraud, Moritz, Resorts International, The AI Trade, Cohn
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Deflating Trust
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AI Doom as an Accounting Problem
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Imperfectly Enforced Rules Create Bad Local Maxima
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