Wed. 11/09 – CZ & SBF Make FTX Go Boom?

Wed. 11/09 – CZ & SBF Make FTX Go Boom?

The Meta layoffs are here and they’re brutal. But rumors are, TikTok is cutting back also. What even is the new Twitter subscription product at this point? Does anybody know? And if you look at today’s show title, and it’s just a bunch of gibberish, hopefully I can explain the big crypto blowup from yesterday. Sources: Kinsta.com Storyblok.com Links: Meta confirms 11,000 layoffs, amounting to 13% of its workforce (TechCrunch) TikTok slashes global revenue targets by at least $2bn (Financial Times) Twitter’s solution for ruining verification is another check mark (The Verge) Disney+ reaches 164.2M subscribers as it prepares for ad-supported tier launch (TechCrunch) The Story of Sam Bankman-Fried’s Backroom Deal With Binance’s CZ (CoinDesk) Lucas Nuzzi (Twitter Thread) FTX Venture Investors Fear Total Wipeout in Binance Rescue Deal (The Information) Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(2379)

The Delivery Space Consolidates

The Delivery Space Consolidates

Uber agreed to acquire Delivery Hero for ~$14.8B, expanding into 99 markets. Thinking Machines released its first open-weight model, Inkling, SpaceXAI open-sourced Grok Build after a data-upload backl...

16 Jul 20min

PayPal On The Block?

PayPal On The Block?

New York became the first state to pause new data center permits, worrying the AI industry. Stripe and Advent offered $53B+ for PayPal, OpenAI's first device leaked as a screen-free speaker, and Prism...

15 Jul 22min

Let's Regulate This AI Stuff?

Let's Regulate This AI Stuff?

Demis Hassabis proposed a US-based frontier AI standards body modeled on FINRA. IBM's stock cratered 20% on a Q2 miss from chip-spending shifts, Spotify launched a voice-control feature, Kalshi debute...

14 Jul 19min

Apple Sues OpenAI

Apple Sues OpenAI

Apple sued OpenAI, alleging ex-employees stole trade secrets for its hardware push. Twelve states sued to block the Paramount-WBD merger, Anthropic extended free Fable 5 access as rivals raced on pric...

13 Jul 20min

The New GPT

The New GPT

OpenAI broadly released GPT-5.6 and launched ChatGPT Work, targeting Anthropic. Fidji Simo stepped down from OpenAI citing health, the EU found Meta's "addictive design" violates the DSA, Polymarket s...

10 Jul 21min

The Day Of All The Models

The Day Of All The Models

SpaceXAI debuted Grok 4.5 with Cursor, targeting Opus-level performance at lower cost. Meta launched Muse Spark 1.1 via API, OpenAI rolled out full-duplex GPT-Live voice models, PrismML ran the larges...

9 Jul 21min

China (AI) Rising

China (AI) Rising

Chinese AI models grabbed over 30% of US token use as Beijing weighed curbing access. Anthropic expanded Cowork to mobile and web, Meta launched its first AI image generator on Instagram and WhatsApp,...

8 Jul 21min

Xbox Decimated By Layoffs

Xbox Decimated By Layoffs

Microsoft laid off ~4,800 employees and gutted Xbox by 3,200 jobs while divesting five studios. Samsung's profit rocketed past Nvidia's, Meta faced a $1.4 trillion lawsuit demand, xAI rebranded to Spa...

7 Jul 22min

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