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Coffee Break: Stressed Oligarchs at Meta, OpenAI, and the Ellison Empire

Three particularly stressed oligarchs are getting a lot of negative attention this week as Mark Zuckerberg's Meta faces a $1.4 trillion lawsuit, Sam Altman's OpenAI is bleeding talent and their IPO seems an ever more remote possibility, and Larry and David Ellison are in a full-on media war with 12 attorneys general over their attempted purchase of Warner Bros Discovery.

We haven't written up this one. Naked Capitalism has the full story — the link below goes straight to it.

Read the original at nakedcapitalism.com →

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The Real Question Isn’t Whether AI Wrote It

For six hours in late July, Jerry Falade had one of the biggest debut deals in publishing. Fourteen publishers had bid on his crime novel, “Call Me, I’ll Hide the Body,” and Minotaur Books, an imprint of Macmillan US, won the auction at a reported $2 million to $2.4 million.

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