Queen of the skies: Boeing's iconic 747 has reached the end of the runway

1/31/23 7:00PM

Game over

‍Meta is slashing creator spending on its game-streaming service, Facebook Gaming, after handing millions of dollars to streamers over the years in a futile effort to keep up with the Amazon-owned giant, Twitch.

The creator cutbacks follow Meta’s decision in August to pull the iOS and Android versions of Facebook Gaming as the platform has struggled to carve out its place in the streaming space since launching in 2018.

‍Still twitching

‍Like Zoom, baking bread and home workouts, Twitch got a massive boost during the pandemic with people flocking to the platform to play – but mostly watch – video games on stream. However, unlike other lockdown activities, Twitch has managed to stick the landing. Indeed, data from StreamLabs reveals that the platform saw a huge uptick in the pandemic, with the total hours people spent streaming content on the service jumping to 5.1bn in the second quarter of 2020.

‍3 years later, activity on Twitch has moderated, with 5.7bn hours clocked in for the latest quarter. That’s down modestly from the pandemic peak of 6.5bn, but it’s still a figure that is ~5x and ~14x higher than competitors like YouTube Gaming and Facebook Gaming managed, respectively.

Clearly, the network effects in live streaming have never been stronger. People want to watch the most interesting streamers, and the most interesting streamers want to be watched by the most people. So strong is that network effect that, even with multimillion-dollar carrots to lure streamers away, the giants of Meta and YouTube haven’t been able to muscle in on Twitch’s territory.

Claire Yubin Oh

waymo’s world

3/30/26

Waymo’s now serving more than 500,000 paid robotaxi rides every week

The Alphabet-owned company grew its ridership more than tenfold in less than two years.

Waymo Self-Driving Electric Car Sighted In London

Jon Keegan3/27/26

Judge blocks Pentagon’s move to blacklist Anthropic

A federal judge in Northern California has granted a preliminary injunction blocking the Pentagon from labeling Anthropic as a national security supply chain risk.

The ruling temporarily prevents the Defense Department from restricting the AI company’s access to federal contracts amid a dispute over its refusal to allow certain military and surveillance uses of its technology. The designation could also have shifted lucrative government work toward competitors, including OpenAI.

Earlier this month, Anthropic, the company behind Claude, sued 17 federal agencies and their heads, alleging the government exceeded its statutory authority.

Rani Molla3/27/26

Report: SpaceX’s record IPO may grant preferential access to retail investors and Tesla shareholders

SpaceX’s impending IPO could raise $40 billion to $80 billion and rank as the largest ever — as well as one of the most unconventional.

The Wall Street Journal reports several ways CEO Elon Musk is considering breaking with IPO norms:

Investors in his other companies, including Tesla, could receive preferential access to shares.
Individual investors may get a third or more of the allocation, far above the typical ~10% mark.
Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

Exclusive | The SpaceX IPO Will Be Just as Unconventional as Musk Himself

Investors in his other companies, including Tesla, could receive preferential access to shares.
Individual investors may get a third or more of the allocation, far above the typical ~10% mark.
Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

Rani Molla3/26/26

Tesla released estimates for Q1 deliveries and they’re lower than analysts expected

Ahead of first-quarter earnings next month, Tesla released its own company-compiled Wall Street consensus estimate for deliveries: 365,645 vehicles. While that’s lower than the 382,000 FactSet consensus estimate, it represents a nearly 9% jump from Q1 2025, when Tesla sold 336,681 vehicles.

Tesla started releasing its own consensus estimates to the public — not just institutional investors — for the first time in Q4 2025. The move was seen as a way to temper investor expectations, as other estimates were too high. Last quarter, Tesla’s compilation was closer to actual numbers, which fell 16% year over year.

The market-implied odds from event contracts suggest 64% of traders think Tesla’s Q1 deliveries will be more than 350,000, 44% think it will be higher than 360,000, and just 21% have it at higher than 370,000.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

The toughest AI benchmark just got a whole lot tougher

ARC-AGI-3 is the latest version of a clever benchmark that challenges AI models to solve mini video games with no written instructions.

Jon Keegan3/26/26