Finance

Forgive me for starting with a cliché, a piece of finance jargon that has recently slipped into the tech lexicon, but I’m afraid I must talk about “moats.” Popularized decades ago by Warren Buffett to refer to a company’s competitive…

For its famous intractability, the Bloomberg Terminal has long inspired devotion, bordering on obsession. Among traders, the ability to chart a path through the software’s dizzying scrolls of numbers and text to isolate far-flung…

I’ve used ChatGPT to help me build a budget before, and it was genuinely helpful. After I input my monthly salary as well as my standard utilities and recurring expenses, the chatbot drafted a few solid options, and I tweaked them into…

New York has banned state employees from using insider information to trade on prediction markets. In an executive order signed today and viewed by WIRED, governor Kathy Hochul forbade the state’s government workforce from using “any…

When Nikki Saryan called one of her former sugar daddies in March, she wanted to talk about money, just not in the way he expected. Though there was a time when she pulled in $20,000 a month and was treated to first-class trips to New York…

The Internal Revenue Service paid Palantir $1.8 million last year to improve a custom tool designed to help the tax agency identify the “highest-value” cases for audits, collection of unpaid taxes, and potential criminal investigations,…

When Troy Dixon first suggested incorporating prediction markets into the electronic trading platform where he works, he was met with incredulity. “People told us we were crazy,” Dixon, Tradeweb’s cohead of global markets, tells WIRED. But…

Before last week the name Alap Shah didn’t ring a bell for many people. The 45-year-old financial analyst and tech entrepreneur had spent the past two decades working in relative obscurity. Then last weekend he coauthored a blog with the…

When Netflix dropped the first season of Love Is Blind in February 2020, it offered a reprieve from the washboard abs that normally seem like a casting requirement for reality TV shows.The premise—that couples get engaged “sight unseen”…

Silicon Valley has always prized “high-agency” individuals—people who impress their ideas upon the world by thinking for themselves and taking action without being told what to do. But as the performance of AI coding tools has surged, so…