Anthropic, the maker of the Claude AI models, is preparing what could be the largest initial public offering in history, raising more than $100 billion, according to The New York Times, at a valuation near US$2 trillion. According to Reuters, which reviewed the draft prospectus (the document has not yet been made public), the company […]

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Paul Krugman is the greatest econ writer in the world, and also a legendary economist. But I sometimes feel that he has a blind spot when it comes to the value of new technologies. In 1998 he famously wrote: The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that […]

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