Second order effects of bailing out SVB Moral hazard leads to financial stability in the short run, instability in the long run Estimated latency arbitrage cost is 0.5 bps ($5b per year for global equities)

GPT-4 is live Anchorage Digital layoffs Meta lays off 13% of workforce

VC regulation coming? Yuan becoming Russia's reserve currency? First Republic $30 billion pre-backstop

New tool to query census-level data with GPT Trilemmas in everything Products vs features in crypto

Noah Smith on LLMs posing a non-threat to the end of humanity New Rob Henderson podcast Operation Warp Speed all the things

Signaling, signaling, signaling Brett Harrison (FTX) speaks publicly Chile travel tips

SVB saga continues -- what will happen Monday? Circle (USDC) had ~3.3 billion in SVB Big banks get bigger after SVB?

The nuances of payments vs transfers Pickleball is eating the world Why stock prices -- and not interest rates -- are largely unpredictable

Spicy take on China Polymarket SVB line now at 67 The non-lying equilibrium

Economists, ranked Anthropic releases Claude, seemingly under the radar AI online dating co-pilot