OpenAI's GPT-4 failed a CFA Institute exam, the finance world's self-styled toughest test, scoring eight out of 24, despite the answers being available online
Artificial intelligence versus arbitrary irrelevance — It's an algorithmic mystery box that inspires fear, awe and derision in equal measure. Tweets: @bgurley , @mbrookerhk , @robinwigg , and @zerob...
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value
Takeaways from SEC complaint Cosmos Ecosystem Chat Newsletter : SEC Charges Do Kwon, Mars on Crescent, Turkey Earthquake Aid Proposal - CEC Issue #25 The Block : U.S. investigation into Do Kwon and hi...
The trial of three Wirecard executives has begun, seeking to understand how the €24B startup imploded in June 2020, one of the largest frauds in German history
A panel of Munich judges will from Thursday begin dissecting one of the biggest frauds in German history Tweets: @olafstorbeck , @robinwigg , @olafstorbeck , @pickardje , and @bondhack Tweets: Olaf St...
a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check
Our nation has a housing crisis. — The demographic trends driving … Ryan Deffenbaugh / Protocol : Can proptech go with Adam Neumann's Flow? Edward Ongweso Jr / VICE : NIMBY Marc Andreessen Gives WeW...
Chinese grocery delivery startup Missfresh tells employees it has run out of money; Missfresh was valued at $3B after raising ~$300M in its June 2021 IPO
Financial Times : Tweets: @johnaglionby , @robinwigg , @caseynewton , @ron_miller , and @muradahmed Tweets: John Aglionby / @johnaglionby : ‘Our operations are in big trouble’. Understatment of the y...
On a podcast, FTX CEO Sam Bankman-Fried says calling crypto “yield-farming”, where coins are staked for interest, a “Ponzi” is a “pretty reasonable response”
Sam Bankman-Fried describes explains “yield-farming” to Bloomberg. — Honk honk! Source: Bloomberg . Tweets: @wallstcynic , @katie_martin_fx , @cavandy , @emilyjnicolle , @tracyalloway , @katie_marti...
Meta closes down 26%, erasing ~$250B from its market cap, the biggest single-day loss in market value for a US company, after weak Q4 results and Q1 guidance
the second-biggest drop ever Steve Muchoki / Coinspeaker : FB Stock Dips Over 26% after Meta Forecasts Weaker than Expected Earnings Jody Serrano / Gizmodo : Snap Up, Zuck Down — Snap earned a profi...
Blackstone and others are trying to shake up the $40T global corporate bond market with computer-driven quant trading that already reshaped the stock market
Corporate credit has been largely untouched by computer-driven trading, but some investors are trying to change that Tweets: @robinwigg , @antoinegara , and @financialtimes Tweets: Robin Wigglesworth ...
Sources: unusually large purchases of call options by SoftBank over the past month partly fueled the latest tech stock rally
Hello and welcome to Pipeline. I hope this kicks off a great three-day weekend for you. Alex Wilhelm / TechCrunch : Stocks are selling off again, and SaaS shares are taking the biggest lumps Tara Lac...