Please stop asking me when the AI bubble will pop

Emmanuel Roman, chief executive officer of Pacific Investment Management Co. (Pimco), during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Tuesday, Nov. 3, 2026. | Bloomberg via Getty Images People, including on this staff, keep asking me with varying degrees of excitement or trepidation when the AI bubble will burst. I’ll tell … Read more

Canva is announcing changes and layoffs affecting 22 percent of its staff

Canva is making significant changes affecting 1,271 people, which is 22 percent of its staff, co-founder and CEO Melanie Perkins announced today. “For some people, this will mean changes to their roles or being asked to relocate to centralised hubs,” says Perkins. “Sadly, it will also mean saying goodbye to teammates and friends who have … Read more

Your Context Is the New Moat: Here’s Why

Jack Dorsey says there is no moat anymore. Yet, Palantir is up 668% in five years, Instinct is valued at $10 billion, and Emergent hit $100 million in annualized revenue in eight months. Both can’t be true unless the moat moved. My bet: it moved to context. The software that wins from here will behave … Read more

Valve is making changes to deal with a ‘significant increase’ in Steam game submissions

In a new post today, Valve acknowledged that it’s seen “a significant increase in submissions for store and page review in recent months” and says it’s “running a little behind” by taking “up to 12 business days” for reviews instead of the typical 3-5 days. Indie developers have recently expressed frustrations over lengthy approval times … Read more

Binance says hackers used fake job interviews and an internal AI tool to pull off the $6.3 billion heist

The largest crypto theft to date was pulled off by combining some well-known hacking techniques over the course of a few months, according to Binance. A postmortem from the company says the process started in June with one developer downloading a tampered installer apparently spread by a malicious Google ad, exposing details about the engineers … Read more