eToro went public in May 2025 at $52 per share. Nine months later, it trades around $33. The company is profitable, holds $1.3 billion in cash with no financial debt, and generates 34% free cash fl...

Adobe’s stock is down roughly 20% over the past three years while Microsoft gained 50% and Shopify nearly tripled. The market has re-rated Adobe as an AI disruption victim. I spent time digging thr...

I had a thought recently: “LLMs have insights but not foresight.” It felt true, but I wanted to understand why. So I went deep on it, and ended up touching on emotions, robot bodies, and what it ac...

Everyone building or investing in AI is making a bet on the same thing: that models will keep getting better. Scaling laws are the mathematical framework for evaluating that bet. Here’s what they a...