"This week: Anthropic released an update that seems to have tipped the scales against Software as a Service companies, erasing billions in market value. Felix Salmon, Elizabeth Spiers, and Emily Peck, unpack why there was such a massive market response to such a small AI plugin, and what it says about the future of tech investment. Then, Disney has finally named a new CEO in Josh D'Amaro."
"The hosts get what it says about the future of the company that they chose the head Disney Experiences, including their super-profitable theme parks, instead of its Hollywood division. And then, a report has claimed users lose money on prediction markets faster than on traditional gambling apps which Kalshi claimed was an extortion tactic before walking back its statement. The hosts get into the differences between how users interact with the two kinds of apps and what the data says about losses on each."
An Anthropic update introduced a small AI plugin that triggered a large market reaction and erased billions in market value from Software as a Service companies. Investors reevaluated the competitive threat posed by new AI capabilities to established SaaS business models, prompting sharp selloffs. Disney named Josh D'Amaro as CEO, promoting the head of Disney Experiences and signaling prioritization of theme parks and consumer experiences over Hollywood content. A report found users lose money on prediction markets faster than on traditional gambling apps, leading Kalshi to initially call the report an extortion tactic and then walk back that claim. Comparisons examined differences in user interactions and loss patterns across both app types.
Read at Slate Magazine
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