What we’re reading (2/5)
“Alphabet Shares Drop As Much As 9% On Revenue Miss, Soaring AI Investments” (CNBC). “Alphabet shares fell more than 9% in after-hours trading Tuesday after the company reported fourth-quarter results that missed on revenue expectations and announced more artificial intelligence investments.”
“Deep Research” (Marginal Revolution). “I have had it write a number of ten-page papers for me, each of them outstanding. I think of the quality as comparable to having a good PhD-level research assistant, and sending that person away with a task for a week or two, or maybe more.”
“Nissan To Reject Honda’s Merger Terms, Putting Deal In Peril” (Wall Street Journal). “Nissan’s board is planning to reject Honda’s terms for a combination of the two automakers, putting in danger a merger plan announced less than two months ago, people familiar with the matter said Wednesday.”
“A 25-Year-Old With Elon Musk Ties Has Direct Access To the Federal Payment System” (Wired). “A 25-year-old engineer named Marko Elez, who previously worked for two Elon Musk companies, has direct access to Treasury Department systems responsible for nearly all payments made by the US government, three sources tell WIRED. Two of those sources say that Elez’s privileges include the ability not just to read but to write code on two of the most sensitive systems in the US government: the Payment Automation Manager and Secure Payment System at the Bureau of the Fiscal Service (BFS). Housed on a secure mainframe, these systems control, on a granular level, government payments that in their totality amount to more than a fifth of the US economy.”
“About 100,000 Eggs Worth $40K Stolen From Trailer In Pennsylvania” (Wired). “Thieves poached about 100,000 eggs from the back of a distribution trailer, authorities in Pennsylvania said.”
