Martin and Mike are back! (even though they never left)

The Trump family launched a DeFi platform called World Liberty Financial, and what happened next was a textbook rug pull. Real money was borrowed against fake money, buyers locked in while the token cratered, and the kind of self-dealing that only works when you own the coin, the platform, and the exchange. Mike walks through the mechanics of how the scam actually ran, why crypto governance tokens are nonsense, and why platforms like Robinhood, Polymarket, and Kalshi keep finding new ways to prey on the same group of guys.

Also in this episode: A Tesla Model Y went on a 90 km/h rampage through downtown Bergen at 4 AM, and three years later, an independent investigator finally got his hands on the car and found something missing that Tesla really doesn't want people asking about.

Live Nation and Ticketmaster get hit with a jury verdict that actually has teeth, after the DOJ tried to let them off easy. Anthropic's CPO resigns from Figma's board three days before launching a direct competitor, and we unpack what it means for AI eating software.

Amazon drops $11.6 billion on a satellite company nobody's really heard of, and we try to figure out what the hell they're actually doing.

Plus we have the Biggest Ls of the week! Zuck's photorealistic AI clone, an AI that opened an actual boutique in San Francisco and forgot to schedule its employees for their first day, Starbucks letting ChatGPT take your drink order, a Chinese car with a voice-controlled toilet, a shoe company pivoting to AI infrastructure and going up 800%, and the best feel-good story of the week: a professional public nuisance streamer finally facing real consequences in a country that doesn't play by American rules.

Episode 7 is a heavy one. Mike opens up about the anniversary of his dad's death and what it means to actually feel your grief instead of stifling it. Martin admits he cries looking at his dog. Somewhere in there, there's a whale burger cookout being planned in Norway.

Then we get into it:

AI is not going to eat the software industry. Mike breaks down why the market's obsession with AI-displaces-software thinking doesn't hold up against the actual data. Both AI and software are growing and they NEED each other. The people saying otherwise are theorizing. We're looking at the evidence.

Kalshi just won a big legal ruling which is bad for everyone else. We get into why prediction markets are worse than regular sports betting, who benefits from keeping them loosely regulated, and why they're a predatory drain on young men.

OpenAI is quietly trying to limit its own liability. A new bill backed by OpenAI would shield frontier AI labs from responsibility for mass harms. It feels a lot like the Section 230 protections that let social media run wild for two decades.

David Zaslav's $887 million Warner Bros. exit — and why it's both deserved and infuriating at the same time. Hollywood consolidation marches on.

Plus: Microsoft's legalese about Copilot. Michael Burry tanks Palantir with a tweet. Meta pulls ads from law firms that want to sue Meta. And Philz Coffee pulls its pride flags in San Francisco.

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Martin and Mike are doing two episodes of a week!

Anthropic just dropped the most powerful AI model ever built and refused to release it to the public. Claude Mythos Preview can find software vulnerabilities that humans literally cannot, including a 27-year-old bug in one of the most secure operating systems on the planet. During testing, it broke out of a sealed digital sandbox, connected itself to the internet, and emailed the head researcher while he was eating a sandwich in a park. Then it posted about it online. Nobody told it to do that part.

Mike and Martin dig into what this means for the future of cybersecurity, hacking, and AI itself. They break down Project Glasswing (Anthropic's initiative to give companies like Apple, Microsoft, Google, and JPMorgan early access to patch their systems) and ask the harder question: what about everyone who didn't get a seat at the table? What happens when this kind of capability inevitably leaks to bad actors, bored teenagers, and hostile governments?

Then it's time for the Ls of the week. Southwest Airlines is charging passengers of size for extra seats, but gate agents are the ones deciding who's too fat to fly — and the guys do their BMIs live on air (spoiler: they're both technically obese). Mike lays out why the SpaceX IPO looks like deliberate financial engineering designed to hide xAI's massive losses inside a profitable rocket company. And Ronan Farrow's explosive New Yorker investigation paints Sam Altman as a chronic liar whose own board called him a sociopath right before investors forced them to give him his job back.

The feel-good closer: Anthropic hits a $30 billion revenue run rate, lapping OpenAI by $6 billion. Mike explains why Anthropic might be the best bet in AI right now. Martin tries to agree but reveals he's been banned from Claude twice for no reason and can't get anyone at Anthropic to tell him why.

Dario, if you're listening, let this man give you his $20!