Free iPads Ruined Norway's Literacy, OpenAI's Record Funding Round, Social Security Is Going Bust
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Free iPads Ruined Norway's Literacy, OpenAI's Record Funding Round, Social Security Is Going Bust
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概要
Norway handed every five-year-old a free iPad in 2016 and tanked a generation's literacy kids are walking around with 17,000-word vocabularies when book readers their age have 70,000.
Then Mike and Martin turn to OpenAI's $122 billion fundraise at an $832 billion valuation on just $24 billion in revenue and do the math on why it doesn't hold up. Microsoft is building its own foundational models to cut OpenAI out, the entire Mag-7 (20% of global markets) is riding on OpenAI executing, and the company is already running ads because the burn rate is brutal.
Finally - Social Security hits trust fund depletion by 2033. Anyone under 50 is looking at a 20-30% cut on benefits they've been paying into their whole careers. Three slow-motion disasters, one episode.
This is episode 5? Where's Episode 4?!?
We had some audio issues with Episode 4 that we are trying to fix. We will likely re-release it with the best fixes we can and we really apologize. We're still learning how to do this 🫶😌