The papers coming out of China Frontier labs are as hard hitting frontier science as everyone else’s when it comes to “hard innovation”.

I wrote an API for myself 3 years ago to help others work more efficiently with me, and now we update for 2026. Time is moneyThe market rate for my time is at least $1000 per 15 minutes. I…

The Accenture / Dragos / runZero / NetRise deal may be the most significant single event in the OT Security Community & Market since Colonial Pipeline. I tackle this in 3 parts over the next 3…

Exactly one week ago, Tim Cook broke the news that Apple would be raising the prices of its products due to the rising costs of memory and storage brought on by the AI industry’s insatiable data…

The inference market is the largest in software. AI workloads are shifting from synchronous chat to asynchronous, multi-turn agents that run for hours. Sail Research builds fleet-aware orchestration…

Stealing profitably, Betting on gender reveals, Creating fixable problems

引言 惲雷經理的 季報 中提到全球流動性觀察指標：價格方面的SOFR - ON RRP利差，SOFR - IORB利差和存量方面的銀行準備金賬戶，ON RRP賬戶，TGA賬戶。這裏討論流動性的存量指標。 流動性上下游回顧和補充 簡單回顧在 價格指標…

My work on covariance estimation has recently been published as an Advanced Review in WIREs Computational Statistics, a highly regarded, peer-reviewed journal in the field. It feels remarkably…

For most of human history, money was something tangible. You could hold it in your hand, hide it in your home, carry it across a border, lend it to a friend, or spend it without creating a permanent…

But the interesting thing is not here

Noticing a trend is easy and almost worthless. Predicting which one reshapes a market, and acting early, is where innovation pays.

Octopus Energy has launched Charge Pack, a new service designed to optimise home batteries for customers on Intelligent Octopus Go. The announcement has immediately drawn comparisons with Axle…

(Uncle) Kumar, a new player in the content creation world as a retired accountant ready to teach the internet finance for free. Real or hype?

We'll be meeting for Paper Jam #19 on Friday, July 17 at 1pm UTC. We'll be discussing:Charles I. JonesAI and Our Economic Future (2026) [link]This one is a departure proposed by a member of…

What Happened Over the course of September 2025 to May 2026, Hargreaves Lansdown the UK-based investment platform has been the subject of IT glitches, hacker claims, and technical outages that have…

A couple of quick announcements before I begin today’s post. 1. My latest book, The Long Game, is now available for ordering: The book contains reflections from 30 investors who’ve survived…

SpaceX fell 16% I’m sure this will be fine.

I have been looking at various techniques for cliquet pricing with a focus on the Heston model. The obvious way is to use Monte-Carlo. Can we do better? The difficulty of the somewhat simple contract…

The Accenture / Dragos / runZero / NetRise deal may be the most significant single event in the OT Security Community & Market since Colonial Pipeline. I tackle this in 3 parts over the next 3…

When I visited Kigali for 2 weeks in 2022, I observed a labour-capital ladder: At the bottom, the poorest workers could earn a living by carrying fuel to and fro on foot. Next, people with bicycles…

Choosing the right Employer of Record (EOR) provider can simplify global expansion. Here are my picks for EOR providers.

Private equity carry loans, OpenAI's $665B in fine print, Shohei Ohtani

Bulls and bears agree the technology is real—they disagree on the clocks. Not whether AI is a bubble, but whether the payoff arrives before the financing runs out.

I play fantasy sports quite a bit, most often baseball and football. I also tend to play in dynasty formats. That means players are rostered (or can be) for longer than the current season. Trades in…

Mike Isaac and David Yaffe-Bellany, reporting for The New York Times: Polymarket and Kalshi, prediction markets where users can bet on outcomes as varied as the Super Bowl and the length of the State…

Why a bet with positive expected returns can still wipe out an individual — the difference between ensemble averages (many people, one round) and time averages (one person, many rounds), illustrated…

How splitting the work between a frontier model and a cheaper one cuts costs without a quality hit.

The number $2800 has been popping up in a lot of my Internet feeds lately. That, allegedly is the amount by which Elon Musk could enrich every American if he gave his trillion dollars away. I…

Here's Byrne Hobart at The Diff , writing about the existence of a trillionaire : It was inevitable that this would happen. 2% real GDP growth, 3% inflation, a 5% or so equity risk premium, some…

I spoke to Rohan Pike, the founder of the Australian Border Force’s Tobacco Strike Team, about his country’s black market tobacco nightmare. 80% of the market is illegal, tobacco tax revenue is down…

Hi, this is Gergely with a bonus, free issue of the Pragmatic Engineer Newsletter. In every issue, I cover Big Tech and startups through the lens of senior engineers and engineering leaders. Today,…

If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to…

A year ago in The Back Of The AI Envelope I pointed out that the AI platforms were running the drug-dealer's algorithm, "the first one's free". By massively subsidizing the use of their products,…

As mentioned in Podnews today, there have been a few stories about whether podcasts on Netflix are actually doing the business for the streamer. This is a subject that I’m very interested in,…

Frugality is a tax you pay every day through mental energy and effort, with each additional decision sticking to the plan. “Lock-in” is a single decision made once that pays dividends indefinitely,…

I recently saw this video where Anna Stansbury, an assistant professor at MIT, explains that people who grew up in poverty end up earning less than their more affluent peers, even when they attended…

Let’s make money make sense. Let’s be honest for a second… Nobody really cares about banking—until that first real paycheck hits. Whether it’s from a part-time job, tutoring, lifeguarding, or just…

Here's a nice picture from a lovely book written by a top bloke : It shows the cumulative p&l from different speeds of momentum over time (for portfolios containing 102 instruments) over 50 years of…

The 29th International Congress on Insurance: Mathematics and Economics (IME 2026) will be held in Seoul, I will present on Friday our joint work with Bertille Tierny and François Hu, Direct and…

A client pays, and for thirty seconds it looks like I have more money than I do. A chunk of it belongs to the IRS. Knowing to set aside 30% is the easy part; keeping it set aside is the hard part.…

Satya Nadella recently published an excellent article on what a future firm looks like in an AI-driven economy. He also introduces the concept of “token capital” which now exists alongside human…

While everyone’s attention is polarized by anything involving the peace negotiations between Iran and the US, negotiations that, to be fair, have been more like a “these are my requests, take it or…

A free, browser-based toolbox for fintech engineers and payment ops teams - parse NACHA ACH and ISO 20022 files, validate in real time, anonymize sensitive data, and track Fed cutoff windows. No…

SpaceX stock has sagged a bit since its early peak, but that's not why Musk isn't a trillionaire. Market cap, as I have noted time and time again, is just eye-candy bullshit . Financial news sources…

In economic terms AI will make super intelligence a factor of production.

from Dean Baker Elon Musk’s trillion-dollar payday from the IPO of SpaceX has hugely amplified the public’s focus on extreme wealth inequality. Musk’s economic and political power is certainly…

How game platforms turn safety rules, creator economics, and brand fit into growth across Roblox, Fortnite, EA, and Tebex. The post Game Platforms Grow Only When People Trust the Rules appeared first…

El precio es alto, pero está justificado. No deja de ser un PC, y un producto de lujo, a fin de cuentas.

An enterprise client of an AI consultant accidentally spent half a billion dollars on Claude in a single calendar month. The story broke in late May. It is not an aberration. It is the bill the…