π’ Eric Balchunas argues that concerns over the S&P 500βs narrow market breadth are exaggerated, saying the βMagnificent 7β are better described as the βMagnificent 700,β given that Microsoft and Google have each acquired around 270 companies.
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π’ AI model costs have collapsed by 95% in just three years, matching a decline that took personal computers 15 years to achieve during the 1980s digital revolution. Data from Goldman Sachs shows the price index per million tokens plummeted from 100 to roughly 5 in about 36 months, indicating an unprecedented rate of technological deflation.
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π’ Celsius Network founder Alex Mashinsky has been permanently banned from the crypto, securities, and commodities industries in New York as part of a major fraud settlement. Under the agreement, Mashinsky faces up to $35 million in conditional payments to resolve allegations that he defrauded investors before his cryptocurrency platform collapsed.
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π’ Constance Wang, the former COO of FTX, blasted Netflix's new trailer for The Altruists, saying it literally made her sick to her stomach. She called out the series for focusing on a love story instead of the actual disaster that ruined countless lives.
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