When Mackenzie Scott got divorced from Jeff Bezos in 2019, she became one of the richest people in the world overnight. Their divorce settlement was among the largest in history, granting her assets that included 4% of Amazon’s stock — roughly $38 billion. She wasted little time before starting to give her fortune away, handing
Michael Burry has turned from water to wine. The star of “The Big Short,” who made waves for investing in water after calling the collapse of the mid-2000s US housing bubble, explained why he’s betting on fine wines in a Substack post on Thursday. Burry, who pivoted from running a hedge fund to writing about
Michael Burry says the seemingly unassailable positivity around AI reminds him of the dot-com and housing bubbles — and warns the mania could have far more devastating consequences than Enron’s collapse. A subscriber to Burry’s Substack told him in a chat thread this week that it felt like “we are witnessing a massive coordinated effort
Substack has launched a new feature that can show you which of your favorite newsletters are written with AI. This week, the writing and newsletter platform announced an integration with AI writing detection software Pangram that will allow users to scan posts, comments, and responses in the Substack app to see an estimate of how
The global economy increasingly depends on the notion that AI will be inexorably intertwined with every aspect of our lives. There are also increasing signs that consumers (or at least some consumers) don’t feel good about it at all. This can be seen most clearly in the backlash against data centers, which is gaining momentum.
Do you remember going to the video? For those of you who weren’t paying attention to the media industry a decade ago: that’s when publishers spent an enormous amount of time and money trying to become video creators, hoping to cash in on the traffic and revenue bonanza fueled by Facebook. That one didn’t work.
