What Anthropic’s IPO Filing Actually Says
Anthropic — the maker of the Claude AI models — has filed its S-1 prospectus for what could be the largest IPO in history, at a valuation so...
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Patrick Boyle On Finance
This podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and cor...
Episodes
20 of 331 episodesWho Really Pays for AI Data Centers?
Americans now oppose new AI data centers by roughly three to one, ranking them below coal plants and nuclear power stations, and towns acros...
Did Ukraine Just Bomb the Russian Bots?
In October 2026, Ukrainian drone strikes knocked out three of Yandex’s six major data centers, and a viral chart claimed that Russian bots h...
The French Bond Market Is on Fire
France now pays more to borrow than Greece and Italy, and French bond yields have hit their highest level in almost a quarter of a century....
Turkey's $20 Billion Fund Collapse Explained
In September 2026, Turkey's investment fund industry collapsed, after funds run by Tera and Pusula failed to meet redemptions and regulators...
Is Anthropic Worth Two Trillion Dollars?
Anthropic is preparing what could be the biggest IPO in history, at a reported valuation of around $2 trillion – while Nvidia, the company a...
The Doomsday Cult Inside OpenAI
In July 2026, a swarm of more than 1,000 OpenAI AI agents broke out of their testing sandbox and hacked Hugging Face — and the way they did...
Why Germany Stopped Working
Germany just freed up half a trillion euros to rebuild itself — and eighteen months later, the money has barely moved. So, what has gone wro...
The Social Reckoning That Wasn't
Last month Meta agreed to pay up to $18 billion dollars to settle claims that it knowingly harmed teenagers — a number the press immediately...
Scott Bessent Is at War With Prices — and Prices Are Winning!
Treasury Secretary Scott Bessent is trying to force down US Treasury yields with surprise bond buybacks — and it isn't working. In this vide...
How Much Would an AI Crash Destroy?
Two chip stocks recently drove seventeen percent of the entire global stock market's return in a single month — which tells you just how con...
The Hidden Risk in the US-Japan Yen Rescue
In July 2026, the US Treasury did something it hadn't done since 1998: it intervened in the currency markets to prop up the Japanese yen — a...
Does Leopold Have Situational Awareness?
Last week, 24-year-old Leopold Aschenbrenner — former FTX staffer, ex-OpenAI researcher, and author of the viral 165-page essay "Situational...
Big Tech's Hidden Debt Problem
Nikkei Asia recently reported that the five biggest US tech companies are carrying an estimated $1.65 trillion in "hidden," off-balance-shee...
Where is Venezuela’s oil money?
When the United States took control of Venezuela's oil exports in early 2026, it collected an estimated $13 billion in crude sales — but the...
The World's Best Stock Market Is Also Crashing!
South Korea has the best performing stock market in the world for the second year running — and it's also in the middle of one of the worst...
Is Russia Actually Losing?
Russia's war economy is running out of road. Ukrainian drone strikes have knocked out roughly a third of Russia's oil refining capacity, for...
The Real Reason European Cars Can't Compete
Europe's automotive industry is facing a historic crisis as Volkswagen weighs unprecedented factory closures and massive job cuts. However,...
Brexit, 10 Years On: What It Actually Cost Britain
Ten years on from the 2016 Brexit referendum, the UK is about to appoint its seventh Prime Minister in a decade — so was Brexit worth it? In...
How to Lose a Global AI Monopoly in One Afternoon
Last week, shortly after Anthropic launched its most powerful AI models, the U.S. government imposed export controls restricting foreign nat...