This Time Is Different

Someone at OpenAI leaked that it is missing targets, but they didn't leak the numbers. That's either a red flag or a setup. Malcolm Ethridge and Ricky Mulvey discuss: The OpenAI leak: why leak a miss without leaking the actual numbers? Meta deception, the magic trick concept that might explain how big companies manage investor expectations Big tech earnings: Meta's ad machine is working, and Malcolm explains why Amazon's chip business may be the most underrated AI story Starbucks vs. the K-shaped economy: what delivery orders and $6 California gas tell us about where the real cracks are showing. Why the stock market keeps shrugging off the Iran War. Micron skepticism: listener question on a stock up almost 6x in 12 months that still looks cheap on paper Tim Cook's legacy and the three problems for new CEO John Ternus. Contact us: [email protected] We are proud to be in the Airwave Media network! Please contact [email protected] if you would like to advertise on our podcast. Hosts: Malcolm Ethridge, Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

The companies building the AI future are the same ones laying off thousands of employees. This means that the AI story is changing. LLMs aren’t taking jobs quite yet, but AI companies that took on mountains of debt are cutting staff while interest rates rise. Malcolm Ethridge and Ricky Mulvey discuss: Why Malcolm sold his entire ASML position and trimmed Nvidia. The AI debt trap: how Microsoft, Meta, and Oracle are cutting jobs to pay for the AI buildout. Advice if you ever get a “voluntary buyout” from your boss The used EV flood. 600,000 leased EVs return to dealerships next year; more than the number of all used EVs sold last year. How automakers’ accounting mistakes could be good news for car buyers The Michael Jackson biopic, and the disconnect between critics, movie goers, and the economy. Why Malcolm is buying American Express and betting on the K-shaped economy Contact us: [email protected] We are proud to be in the Airwave Media network! Please contact [email protected] if you would like to advertise on our podcast. Hosts: Malcolm Ethridge, Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices