The Latest
The unbundling of the budget app. Why a conversational finance surface absorbs what the personal-finance apps charge for, and what survives the absorption.
OpenAI’s launch of a personal-finance surface within ChatGPT marks a significant shift, absorbing core functions of standalone budget apps and reshaping the category.
The cleaner cap table. Why Anthropic’s public-benefit structure dodges OpenAI’s charitable-trust problem — and trades it for a governance question of its own.
Analysis of how Anthropic’s mission-focused governance structure differs from OpenAI’s conversion approach, and what it means for public-market valuation.