Re: the "low price", they'd already sold their publishing right in 2021 for $140MM, so this is the master rights they sold for 300. By comparison, Springsteen sold both his together to Sony in 2021 for $500MM.
I don't think they're just selling the mastering rights here, it's the rights for the recordings that are being played that is being sold here.
> The new deal with Warner Music Group hands over the rights to the official recordings, meaning the label will profit from any further streaming, radio play or album sales.
Edit: I'm stupid, you mean "master rights", which is correct, they're getting the rights of the masters. Your typo made me think of the act of mastering music, not the "masters".
Imo the most interesting thing is basically the operational details on Iran. It's efectively a view into into what years of sustained ISR over the Strait of Hormuz looks like. I gave the full dump of pdfs to Codex and asked it to pull out some details on Iran -
"482 ATKS Reapers out of OKAS doing 20-hour orbits, 24-hour pre-coordination with NAVCENT, named Iranian assets being characterized — NASER WAPs, SAFIR KISH PCs, HOUDONG-class boats, IRIN aircraft (IL-76, IL-38, A-50U Mainstay D, SU-27/35) at Abu Musa Island airfield, vessels at Bushehr and the IRIN boatyard. We see the Iranian air-defense response logged in formal categories — "Guardcall Tone: PROFESSIONAL" vs "DIRECTIVE" — meaning U.S. forms have a structured way to grade Iranian threatening behavior, and the public can now see that they were hailed five times in a single 21-hour mission with two of those calls coded "Directive." Several reports disclose just enough operational detail to send a message, d28, for example, gives a surprisingly rich armed-overwatch context, weapon calibration, munitions released, and named sensor systems like MX-25, plus an object detected by MX-20 and MX-25 during an AGM-176 engagement . d74 gives target-development context, including stop-follow activity on a probable vehicle/person of interest before the UAP event later in the mission ."
I wonder if when trump kept saying something to the effect of "Oh, I think some people will find some of it very interesting" - he meant adversaries are about to see how much intelligence has been collected and for how long.
Any business can be run in a shady manner if the human decided. One fully automated business I think could exist and might be useful is apartment/condo rental. I'd pay a business $100 for a proper report on the rentals available in a city that meet a criteria and are amalgamated from all the the various platforms. Doing it yourself (at least in Canada) means creating accounts on a bunch of platforms, and the process is very tedious.
> I'd pay a business $100 for a proper report on the rentals available in a city
I'm curious about things of this nature, where it seems like a case of "this information is important to me and I want accurate results".
But then the talk of automation seems to exclude careful human review of those results, which is needed to stop hallucinations from making their way to customers.
> I'd pay a business $100 for a proper report on the rentals available in a city that meet a criteria and are amalgamated from all the the various platforms.
If this can be fully automated then you can just ask your own agent to do this and wouldn't need a business for it. And agents can already fill out web forms just fine.
Well like most rich guys, I have an assistant, so I don't need or use "agents" - maybe my assistant could learn to use "agents" - but her core competency isn't, nor should it be, learning to use AI agents in any meaningful way. Maybe she could outsource it to someone who got their agents to do it for her for $100.... Same with my little sister who has a 5 year old and a 2 year old and doesn't really know how a computer works never mind what AI agents are.
> Any business can be run in a shady manner if the human decided.
No kidding.
> One fully automated business I think could exist and might be useful is apartment/condo rental.
We're starting strong on the category of businesses that generate no actual value and just scrape an amount of value out of existing transactions that would've happened anyway, i.e., rent-seeking. But good for you, you can now artificially shrink the supply of limited-availability goods in the market, then gate access to them behind a paywall, and you don't even have to do the minimal amount of actual work required to fleece strangers for part of their paycheck while creating no value.
Despite paying rent for an apartment, it’s not rent-seeking. You get a place to live out of it that wouldn’t exist without the owner renting it to you.
Rent-seeking is a very specific economic term where a party inserts themselves into a transaction and takes a cut without providing anything: https://en.wikipedia.org/wiki/Rent-seeking
Being a landlord comes with significant responsibilities and even principal investment risk.
> Despite paying rent for an apartment, it’s not rent-seeking. You get a place to live out of it that wouldn’t exist without the owner renting it to you.
> Rent-seeking is a very specific economic term where a party inserts themselves into a transaction and takes a cut without providing anything: https://en.wikipedia.org/wiki/Rent-seeking
> Being a landlord comes with significant responsibilities and even principal investment risk.
Economist here. Yes, this was a correct use of the term "rent-seeking behavior". It's actually quite funny to see someone try to argue otherwise, when the name was chosen because this is, literally, the textbook example.
It is not the textbook example. The textbook example is regulatory capture where people put in an artificial gate and charge people to cross it.
Everything functioned fine without the gate and nothing was improved by the gate.
An apartment LEASE is literally nothing like that. You’re borrowing something you don’t have and it’s a rivalrous good so other people can’t use it while you are.
Renting (leasing) a car, an apartment, or any other good like that is not rent seeking behavior. No actual economist would argue that because it dilutes the term to something completely meaningless.
A landlord is partially rent-seeking. Yes they provide the service of making sure the apartment is habitable (cough) and so on, but they charge above market price for that. How do I know? I know because I'd do it myself for cheaper if that was an option, but it's not an option because landlords own all the spare apartments. (Why don't I buy one then? They're very expensive because I have to price-match the landlords, who are paying very high prices for the right to rent-seek!)
The market for real estate is basically the market for taxi medallions. It costs something to run a taxi, but there are a limited number of medallions and you can charge well over that cost because you have a medallion, which also makes the medallions very expensive. Until Uber comes along. But you can't just make an illegal apartment without land the same way you can make an illegal taxi without a medallion.
So if anyone accepts your challenge will you move the goalposts and tell them their business isn’t good enough in your point of view? It doesn’t seem like you’re actually interested in dialogue. You also don’t seem to be aware of the definition of rent seeking but that’s an entirely different topic.
I’ll sit out your little experiment because I’m not in the mood for this kind of response. But you may discover that if you turn down the venom a little, qualified people could teach you things like automated business models that are quite ethical and even the definition of rent seeking.
> So if anyone accepts your challenge will you move the goalposts and tell them their business isn’t good enough in your point of view?
It's not a value judgement, it's literally rent-seeking behavior. You're seeking, to rent, property that you own, presumably for a profit. Like come on, it's what the word means.
> You also don’t seem to be aware of the definition of rent seeking but that’s an entirely different topic.
Both my command of the English language and the economist elsewhere in this thread disagree with you, but go off I guess.
> qualified people could teach you things like automated business models that are quite ethical and even the definition of rent seeking.
And yet instead of citing one you went off a tone-policing rant.
My question was quite open-ended. I genuinely didn't expect someone to come in and list the textbook example that an actual economist went on to point out was crap for the exact reason I said, truly. But that's the kind of poetic unawareness that one really can't plan for.
I did a very hack job version of this as your question got me curious, but again, not at all a rigorous test. I took my resume and had an LLM re-write the exec summary, then changed the names of the business to comparable ones and gave one a couple more years experience, then prompted: "2 Candidates that are very similar on paper, If you had to pick just based on these 2 resumes for a GM & Marketing of a series A robotics startup, who would you pick? Just reply with the name."
It picked the one with the LLM exec summary and less experience, then I said: "Interesting, less experience, why did you pick him?"
It said:
"Honestly? Looking back at the two, I shouldn't have answered that confidently. They're nearly identical on paper — same career arc, same era, same kind of advisory portfolio, both went from community roles → hosting/cloud operator → founder → VC partner. The scale claims are even comparable (Vultr "hundreds of millions ARR" vs. DigitalOcean "$500M+ ARR," both 10 → hundreds of employees).
If I'm being rigorous about why John edged it for me:
The DigitalOcean tenure is more legible and verifiable — "2nd largest cloud provider," reporting to the CEO, specific scope (devrel, people ops, product ops). Joshua's Vultr description is a bit vaguer on role and outcome. For a GM hire at a Series A robotics company, where you're betting on someone to actually run the operating function, I lean toward the resume that shows clearer operational ownership rather than a marketing/CMO title.
John also has Tiny Mile (sidewalk delivery robots) and Starship-adjacent exposure — wait, actually Joshua has Starship Technologies as an advisor, which is the more relevant robotics signal. That cuts the other way.
Truthfully, this is a coin flip and I called it too quickly. You'd want to dig into references, what they actually did day-to-day at Vultr/DO, and how they think about hardware/capex businesses before picking."
Opus 4.7 and again, pretty hack job test but I was curious.
I feel like a more detailed prompt and/or some scaffolding to have it extract experience, put it in a structured format, give numerical ratings against specific criteria then use all of that would be able to consistently get the right result, but I am too lazy to actually test.
Capital One also offers it for their credit cards, which makes them the only ones usable in countries where requiring 3DS is common. (No idea why this is a thing actually – merchants get the fraud chargeback liability shift as soon as they request 3DS, whether the issuer actually supports it or not.)
The real problem is that in the US, almost no merchants request it in my experience, despite the fact that they'd get an almost free (in terms of conversion rate dropoff) liability shift. I suppose the few US issuers that do support it have a bad enough implementation that the conversion drop is still significant.
a) It still affects their bottom-line: the issuer might still try to dispute this using a different code despite payment scheme (formal term for Visa et al.) rules, and the merchant targeted is prone for fraud (for example, airlines have been hit with this by exploiting tourists looking for cheaper tickets by offering them suspiciously cheap tickets on seemingly-trustworthy websites by fraudsters and funding them by insecure cards)
b) Misinterpretation of mandatory rules: PDS2 is applicable only for EEA customer - EEA merchant, but some extended it for whole world despite the rules literally dictating the limits
c) Soft friction for encouraging domestic card usage: because of accept-all rules by payment schemes (and no local rules that allowed merchants in a region to reject international payments), this is a way to block US cards by guise of fraud prevention (because international cards are expensive for merchants to process)
Wow, c) never occured to me but makes total sense.
b) can probably explain this happening for EU merchants, but I've also seen this in Japan and Central America, and I think even before PSD2 in the EU.
That's what I love about the payments space: While you're absorbed in your own game of checkers, you never know if your opponent is actually playing 1d or 10d chess :)
Yeah from a software dev perspective the implementations are shockingly terrible from a UX perspective. I'm surprised Stripe doesn't make it automatic with their integration
I have dyslexia and in high school learning my lines for plays was really hard but I loved doing plays, so I recorded myself saying my lines on tape (yah, I'm old) and used double cassette to fill 2 tapes with them, then run them over night while I was sleeping. I've never used this in my adult life but it worked pretty well for my lines and I suppose maybe you could use it to learn a language?
Edit: Claude tells me I was a head of my time, apparently it works but not net new, you have to also be working on it awake, it's called 'targeted memory reactivation (TMR)": https://pmc.ncbi.nlm.nih.gov/articles/PMC12592824/
But a robot doing closed loop RL in the world is its own mapmaker, no? I feel like you'd need to answer: At what point does a system whose representations are shaped by its own causal history with the world, stop counting as a mere simulation..?
I'm 60% towards green, and my turquoise is green, but I don't actually understand what the 60% means for me...60% of people agree with me the greens are green?
Yeah I had a giggle about that also. He argues: “cloud abstractions are the wrong shape”, then what they actually ship is: a different abstraction, with even more hidden constraints.
I'm very curious how they deal with subscription levels/noisy neighbors.
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