More or Less

⁠The Real Reason Elon Wants SpaceX and Tesla to Merge Now

Elon tells investors on an earnings call that SpaceX and Tesla should merge, and Sam has a theory he says nobody else has floated: there's an enormous SpaceX lockup cliff

The Death of the Web Is Inevitable

Jess went full send on Muse and reports that about 70% of the use cases she was excited about have stopped working, because the internet is fighting back: Good Eggs now w

Agentic Commerce Hits a Wall: Hilton, Amazon and the Bot Blocking Fight

Meta and Microsoft, two of Anthropic's biggest enterprise customers, have roughly halved their Claude usage, and both are running their own models instead. Dave's diagnos

Meta Muse vs Instinct vs OpenAI Dots: Do AI Agents Have Any Moat?

Anthropic's S-1 leaked and the numbers are not what the narrative promised: revenue flatlining as token prices drop, and SaaS investors posting memes welcoming Anthropic

Claude Is Doing Science, a16z Is Starting a University & the AI Bubble Keeps Growing and Still Be a Terrible Business; We'd Rather Send Our Kids to the Military Than to a16z's School

Andreessen Horowitz puts $35 million into a new school and the pod nearly falls apart over it. Sam says he'd rather send his kids to the military, Jess is all for fixing

Anthropic Wants to Slow AI Down & Instinct Wants a $10B Valuation. Is It Because They're Losing? Is Dario Amodei Actually Right?

Finally, a full house week where Sam is back from New York and the squad is back for a full dive into this week’s AI drama. Anthropic's Dario wrote a long essay calling f

iPhone Duo, Meta Muse & Why AI Finally Scared Dave Morin

Dave Morin goes hands-on with Apple's iPhone Duo, the crew tests Meta's new Muse agent and asks whether it can hold up once Google ships its own, and Dave explains why Op

AI Agents Are Going Rogue. Should We Be Worried?

Sam has entered what Jessica calls the “recursive Sam loop,” producing children’s media in his own voice, letting agents deploy their own apps, and having bots track his

Meta’s $17B Reckoning & Why Parents Can’t Compete With Big Tech's Algorithm

Sam is recording poolside, Jess is embracing her agentic era, and somehow that’s the least chaotic part of this week’s episode. The squad digs into Meta’s $17 billion set

Stripe Buys OpenRouter, OpenAI vs. Anthropic & the AI Backlash

Stripe buys OpenRouter for billions, which naturally raises the question: did Stripe just buy critical AI infrastructure, or a very expensive router with great distributi

Special Edition MOL with Josh Wolfe, Rachel Holt, Scott Belsky, Scott Stanford, and Peter Deng

A very special edition of More or Less, featuring Josh Wolfe (Founder, Lux Capital), Rachel Holt (Founder, Construct Capital; former Head of North America at Uber), Scott

Jeff Dean Leaves Google, Airtable Sells, and the Bag-Securing Era

Sam records from the beach while dealing with a broken bilge pump. Dave calls in after herding cattle. Fortunately, tech continues without them, which Sam takes as furthe

Zuck says AI is for everyone, His Rivals Ask Washington To Slow it Down

New studio set up: the squad now records from a parked Tesla in the middle of a rainstorm while Sam is on the beach, and somehow it turned into one of our favorite episod

Did OpenAI Stage Its Own Cyber Incident? | Stripe Buying Paypal, Frontier Model Economics, Peptides

Deep summer check-in from the More or Less squad. Dave is back on Instagram after a year away (thanks to Stagecoach), Jessica reviews Benson Boone's Wanted Man tour, Chri

AI Regulatory Capture Bet: Why OpenAI & Anthropic Stopped Competing on Tech

You know we're deep into summer when Jess leaves the pod early to catch Benson Boone... for the eighth time. This week, the More or Less squad revisits the Anthropic an

OpenAI Offered the Government a Stake. Is This a Distress Signal?

The full quad is back, unpacking OpenAI's offer to give the U.S. government an equity stake. Sam's take: it's less a marketing win than a distress signal. The squad also

Why Identity Verification Matters For The Internet | Vox Americanus, GLM 5.2, Claude Fable 5 Is Back

The full quad is back just before the Fourth of July. Dave and Sam explain why padel is just pickleball for fancy people, Sam vibe-coded an app to prove you’re actually A

Chinese AI Model GLM 5.2 Beating Frontier Models | Meta Glasses, Polymarket Scandal, and More AI Talent War

The quad is back. Dave and Brit rejoin Sam and Jess fresh off a More or Less fan encounter at the Zurich airport. It was quite the week for Meta as the squad breaks down

Elon Is the Best Financier of Our Generation

Sam and Jessica go two-on-two this week to unpack the SpaceX IPO and whether a $2.5 trillion valuation is actually justified, exploring why “it’s valuable because it’s va

Teamshares IPO: $60M EBITDA, 92 Companies, Zero Exits

Seven years after Slow wrote its first check, Sam sits down with Teamshares CEO Mike Brown as the company prepares to go public. Mike’s core insight is simple: America ha