Four Agents Finish Minecraft, and the Log Records What It Cost
The numbers in the paper are the interesting part, more than the dragon. Four agents running on Gemini 4 Argon needed 27 hours and 14 minutes, wrote and executed 2,783…
Nvidia Sells Industrial AI to the Country That Builds the Machines
The venue was Kraftwerk, a former power station in Berlin whose turbine hall now holds conferences, and the two men on stage had spent a decade talking past each other’s…
Seoul Asks Whether a Second Listing Can Sell the Same Business Twice
The question put to Korea’s top financial regulator on Monday was procedural, and the answer was not. At a parliamentary audit of the National Assembly’s political affairs committee, a lawmaker…
OpenAI Hires Again From Musk’s Orbit, This Time for Security Sales
The pattern is now familiar enough to be read as strategy rather than opportunism. OpenAI has hired Graham Seamans, who ran sales at xAI, to lead sales for its cybersecurity…
Microsoft Builds a Student Who Never Gets Tired of Being Taught
The test of a good explanation is not whether the student says thank you. It is whether the next answer is different, and better, and arrived at without being told.…
The Banks Draw a Line at the Door of the Customer’s Account
The money in question earns almost nothing. It sits in a checking account or a low-yield savings account because moving it requires a decision, and most people do not make…
Nscale Seeks 30 Billion Dollars in Its IPO. Investors Are Offering Half.
The distance between what a company asks for and what buyers will pay is usually negotiated in private, across a table, with a banker in the room. For Nscale it…
Anthropic Sets Aside 5 Percent of Itself, With a Formula for More
The unusual part of the commitment was not the 5 percent. It was the clause that came after it. Anthropic said on October 18 that it will place 5 percent…
Hedge Funds Give Back Half a Year of Gains in Four Months
The number that caught attention on the Goldman Sachs trading desk was not a price. It was a z-score, below minus three for global AI stocks, measured across six consecutive…
If Everyone Is Arguing About the Bubble, the Bubble Has Time
Howard Marks does not test for a bubble by looking at the price. He tests for it by listening to the room. A real one, in his account, is a…
