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This week on Show Your Priors, the business strategy podcast where co-hosts Michael Nichols and Jason Thompson take the week's biggest business and AI news and rip it apart to see what lies underneath. We break down OpenAI's reported $21 billion loss and 42-state probe, the government crackdown on Anthropic, SpaceX buying Cursor for $60 billion, and the messy ethics of prediction markets like Polymarket, before sitting down for a live startup teardown with Nigerian entrepreneur Seun Abilawon and his AI powered forex trading platform.

From AI layoffs and AI washing in corporate America, to Huawei chip stacking versus US semiconductor sanctions, the Great American AI Act, AI hallucinations, Snap AR glasses, and the FERC fight over AI data centers and moral hazard, this episode is built for anyone who cares about business strategy, finance, marketing, corporate management, venture capital, and entrepreneurship. Michael also previews his new book, Fatal Abstraction, and we apply that framework to a real business model live on the show.

Chapters

00:00 Intro

00:36 Fatal Abstraction: Mike's New Book

07:44 Headlines: Anthropic vs. the US Government

13:59 OpenAI's $21B Loss and 42-State Probe

20:34 SpaceX Buys Cursor for $60B

24:44 Polymarket and the Ethics of Prediction Markets

33:11 The Firehose (powered by Phaneros)

34:03 Lineage Cold Storage Fire and Supply Chain Risk

40:26 Snap AR Glasses

44:19 AI Layoffs Hit 40,000

49:00 Huawei Chip Stacking vs. US Sanctions

51:34 The Great American AI Act

56:43 Who Does AI Remember Best?

59:12 FERC, Data Centers, and Moral Hazard

1:03:04 Chasing Zero AI Hallucinations

1:07:02 Allbirds, Smart Bird, and the AI Backlash

1:12:18 Digital ID and the UK Social Media Ban

1:18:10 Interview: Seun Abilawon's AI Forex Startup

2:06:01 Wrap Up

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Keywords:business strategy podcast, artificial intelligence, AI news, business news, entrepreneurship, startup pitch, OpenAI, Anthropic, venture capital, forex trading, AI layoffs, business strategy, prediction markets, corporate strategy, business model, fintech, SpaceX, Polymarket, tech news, AI regulation, AI hallucinations, semiconductor sanctions, Huawei, financial markets, stock market, management, AI in business, trading strategy, moral hazard, AR glasses, Snap, AI safety, Nigeria startup, Africa entrepreneurship, Fatal Abstraction, Michael Nichols, Show Your Priors