Anthropic debuts an early-warning system for potential AI-driven destruction of white-collar jobs and says it shows “limited evidence” of AI-led job loss so far
- An occupation's specific tasks; — An estimate of which of those tasks can be performed by large language models.
Workday announces CEO Carl Eschenbach is stepping down and co-founder Aneel Bhusri is returning as CEO, effective immediately; WDAY closes down 5.13%
Empower: US BNPL use has grown to 91.5M users, with 25% financing groceries, as default rates accelerate and most loans aren't reported, creating “phantom debt”
* AI bubble — * Wall Street bitcoin — * Private equity bubble — * adding the Buy Now Pay Later bubble, which is ... largely untracked!! — techcrunch.com/2025/11/16/b... th...
In an interview, Brian Armstrong says Coinbase plans to become a financial super app that integrates its crypto offering with traditional banking services
www.coindesk.com/markets/2025... Forums: r/CoinBase : brian armstrong just confirmed coinbase wants to replace your bank with a crypto super app
The Meta antitrust case is the first big test of President Trump's FTC and its chair Andrew Ferguson, a Big Tech critic; Meta seems to be exploring a settlement
Mark Zuckerberg steps up lobbying effort with antitrust regulator set to signal its approach to Big Tech
An increasingly vocal contingent of GOP leaders, some of whom attended Y Combinator's Little Tech Competition Summit, call for antitrust action against Big Tech
Will Oremus / Washington Post :
Sources: investors valued X at $44B in a secondary deal earlier in March; X posted ~$1.2B in adjusted EBITDA in 2024 and is raising ~$2B in a primary round
Social media site was valued at less than $10bn in September — Social media site X's valuation has soared back to $44bn …
Klarna claims its ChatGPT-powered AI chatbot handles two-thirds of all customer service chats and “is doing the equivalent work” of 700 full-time human agents
Klarna is bullish on bots. — One month after taking its OpenAI-powered virtual assistant global, the Swedish buy-now …
Sources: Stockholm-based fintech Klarna is in talks with investment banks for a potential US IPO as soon as Q3 2024 and is considering seeking a ~$20B valuation
Bloomberg :
Sources: Eric Schmidt is building an organization, modeled on OpenAI, to tackle scientific challenges by using AI; most of the funding comes from his wealth
Reed Albergotti / Semafor : X: @simonkhalaf and @reedalbergotti Forums: Hacker News and Slashdot X: Simon Khalaf / @simonkhalaf : The best person to do this. Congrats @ericschmid...
Apple says Apple Card's savings account, which has had a 4.15% interest rate since its April 2023 launch with partner Goldman Sachs, has topped $10B in deposits
https://www.cultofmac.com/... Twitter: Simon Khalaf / @simonkhalaf : If anyone has a doubt how powerful embedded finance is, just read this https://9to5mac.com/... Neil Cybart / @n...
BlockFi sues Sam Bankman-Fried's Emergent Fidelity Technologies to seize Robinhood shares that SBF had pledged as collateral under an agreement on November 9
Complaint against FTX founder comes as crypto company becomes the latest to seek bankruptcy protection