Markets

Welcome to the age of AI sprawl

Tokenmaxxing became the buzzy AI word du jour this spring; as summer begins the trend is already running on empty. Amazon pulled its AI leaderboard after some employees made useless AI work to game the rankings. Palantir CEO Alex Karp likened tokenmaxxing to a porn addiction, and Duolingo walked back…

I went to Italy for the first time and left with 5 regrets

When it comes to tourism etiquette, I was wrong to assume my own sense of common courtesy would serve me well.After a walking tour in Venice, I hoped to sit down for lunch, but all the restaurants I passed were packed. Hungry and hot, I eventually cut my losses and…

The math behind Silicon Valley’s  millionaire factory

New Levels.fyi analyses show how equity grants at frontier tech companies have turned into life-changing sums.A SpaceX Software Engineer II offer from August 2022 included a $155,000 salary and a $365,000 equity grant that vested over five years. At SpaceX’s IPO valuation, that grant is estimated to be worth more…

Can the US Compete With Asian Megafactories Making American Jeans?

The US was once the biggest denim manufacturer in the world. But after decades of competition from cheaper foreign factories, the country that popularized jeans has lost almost every denim mill. We went inside Mount Vernon Mills, one of the oldest factories left in the US, to find out how…