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News
Investor skepticism is growing around the revenue claims powering the AI boom.
5+ day, 17+ hour ago (645+ words) Few metrics thrill Silicon Valley investors more than surging annual recurring revenue (ARR). In the AI boom, however, VCs are increasingly skeptical of what that number actually represents. "The amount of VC-backed AI companies lying about their ARR publicly is…...
Hedge fund scorecard: How Citadel, Millennium, and their peers stack up in a quiet August
1+ week, 3+ day ago (207+ words) Multistrategy hedge funds' returns were muted in August, though managers likely appreciated a quieter month after a turbulent July.Ken Griffin's Citadel followed a record-breaking July with 0.1% gain in August, putting the Miami-based firm's 2026 gains at 12.1%, a person close to…...
Here's where some of the biggest labor unions stand on data centers
2+ week, 1+ hour ago (1007+ words) AI is both taking jobs and creating them. That's led to a divide among labor unions over AI data centers. And it largely depends on the kinds of workers they represent. The majority of the public is against AI data…...
I knew my job wasn't the right fit for me. It still took me a year to quit.
2+ week, 23+ hour ago (31+ words) I wanted to quit a job without a back-up plan because of how it was making me feel. My husband supported my decision, and I'm so glad I left....
Mark Cuban said 'only idiot' founders would stay in California under a wealth tax. We asked 3 founders if they'd leave.
3+ week, 3+ day ago (484+ words) Mark Cuban said startup founders would leave under a proposed wealth tax. The founders themselves are split. California will vote on its statewide "billionaire tax" in November. In an X response to Rep. Ro Khanna, Cuban said the tax would…...
Silicon Valley has a new insult for performative hustle posts: 'grindslop"
3+ week, 5+ day ago (914+ words) Han Wang insists his intentions were pure. The 25-year-old cofounder of Mintlify is a prolific X poster, sending off his snippets of management philosophy to the platform's techies. One of his essays fanned the flames of Silicon Valley's hardcore workplace…...
AI boom has echoes of Enron but isn't doomed to disaster, tech guru says
4+ week, 1+ day ago (528+ words) Today's tech titans are using similar financial tactics to Enron, but that doesn't mean they're careening toward disaster, one AI guru says. Enron, an energy supplier and trading powerhouse, collapsed into bankruptcy in 2001 after it was revealed to be a…...