Episode Details

Reuters Breakingviews reported August 3 that SpaceX and Anthropic — neither profitable — account for half the $280 billion rise in S&P 500 earnings this quarter, because Alphabet and Amazon book unrealized mark-ups on their stakes as income. Amazon's quarterly net income tripled on a $53.4 billion non-operating gain from Anthropic; Alphabet's EPS rose about 300%, or roughly 23% once the AI stakes are stripped out. Index-wide earnings growth falls from 47.4% to 28.8% without those two companies.

Continue the story on unscarcity.ai:

• When AI Goes Public: Shareholders vs. Abundance
• The Bootstrap Paradox: How Do You Fund the Death of Money Using Money?

Full episode notes on unscarcity.ai