The companies building the AI future are the same ones laying off thousands of employees. This means that the AI story is changing. LLMs aren’t taking jobs quite yet, but AI companies that took on mountains of debt are cutting staff while interest rates rise.

Malcolm Ethridge and Ricky Mulvey discuss:

Why Malcolm sold his entire ASML position and trimmed Nvidia.

The AI debt trap: how Microsoft, Meta, and Oracle are cutting jobs to pay for the AI buildout.

Advice if you ever get a “voluntary buyout” from your boss

The used EV flood. 600,000 leased EVs return to dealerships next year; more than the number of all used EVs sold last year.

How automakers’ accounting mistakes could be good news for car buyers

The Michael Jackson biopic, and the disconnect between critics, movie goers, and the economy.

Why Malcolm is buying American Express and betting on the K-shaped economy

Contact us: [email protected]

We are proud to be in the Airwave Media network! Please contact [email protected] if you would like to advertise on our podcast.

Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

Learn more about your ad choices. Visit megaphone.fm/adchoices