How effective altruism, championed by SBF before he dismissed it as a dodge, and doomsday scenarios, like killer rogue AI, became Silicon Valley obsessions (Ellen Huet/Bloomberg)

Ellen Huet / Bloomberg:How effective altruism, championed by SBF before he dismissed it as a dodge, and doomsday scenarios, like killer rogue AI, became Silicon Valley obsessions  —  Sonia Joseph was 14 years old when she first read Harry Potter and the Methods of Rationality, a mega-popular piece of fan […]

Sources: Meta plans to cut thousands of jobs as soon as this week, after it eliminated 13%, or 11,000 jobs in November 2023 in its first major layoff (Bloomberg)

Bloomberg:Sources: Meta plans to cut thousands of jobs as soon as this week, after it eliminated 13%, or 11,000 jobs in November 2023 in its first major layoff  —  Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of […]

Internal docs appear to show execs at Eco, a personal finance app offering 2.5%-5% in “APY rewards”, misrepresenting the risks of its lending practices to users (Jason Mikula/Fintech Business Weekly)

Jason Mikula / Fintech Business Weekly:Internal docs appear to show execs at Eco, a personal finance app offering 2.5%-5% in “APY rewards”, misrepresenting the risks of its lending practices to users  —  a16z- and Thiel-Backed Startup’s Future Uncertain As It Loses Bank Partner, Pays User Interest With Own Funds

Investor letter: Multicoin Capital’s hedge fund lost 91.4% in 2022; in November it said 10% of assets were stuck on FTX and it had exposure to FTT, SOL, and SRM (Tracy Wang/CoinDesk)

Tracy Wang / CoinDesk:Investor letter: Multicoin Capital’s hedge fund lost 91.4% in 2022; in November it said 10% of assets were stuck on FTX and it had exposure to FTT, SOL, and SRM  —  The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings […]