Why Media Mergers are Hard
Plus! Frauds; GPUs; Pair Trades; Inline Shopping; Meanwhile, in AI Ads
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The Flix of Theseus
Read this article →Plus! The Dollar; Full-Service VCs; Advertising; Tiny IPOs; Partnerships; Diff Jobs
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Longreads + Open Thread
Read this article →YouTube, Breaking Bad, Vibecession, Excel, AI Adoption, Efficiency, Buffett Indicator
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Hiring the Best Customers
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Markets are Efficient, Over a Pointlessly Long and Uncertain Timeframe
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Colliding Clouds
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What do LLMs Want?
Read this article →Plus! Governance; Implementation Risk; Jailbreaking; In-Kind Deals; Revalued Inputs
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Longreads + Open Thread
Read this article →What Ilya Sees, Bond Vigilantes, LLM Writers, EUV, Posner & Douglas, Research, Poverty, Practice
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Second-Source Duopolies
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"Science Fair Project" Risk
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Journeymen, Hobbyists, Superstars
Read this article →Plus! Moving Targets; AI Insurance; AI Debt; Favors for Friends; Alpha
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Longreads + Open Thread
Read this article →Trump, Conscious AI, Victorians, Galbraith, Prediction Markets, Taxes, Rates, Booms, Antitrust