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A daily news analysis show on all things artificial intelligence. NLW looks at AI from multiple angles, from the explosion of creativity brought on by new tools like Midjourney and ChatGPT to the potential disruptions to work and industries as we know them to the great philosophical, ethical and practical questions of advanced general intelligence, alignment and x-risk.
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The Breakdown

Nathaniel Whittemore

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A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
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House Democrats, led by Rep. Maxine Waters, plan a walkout to derail a joint hearing on the 212-page crypto market-structure bill, framing it as a protest against Trump-linked stablecoin dealings. NLW dissects the politics, bill revisions, and industry reactions. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on …
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OpenAI has stopped its plan to switch from a nonprofit to a for-profit company after months of debate and legal issues. Instead, it will keep the nonprofit structure controlling its business, but remove limits on profits for investors. In the headlines, Cursor raises $900m while OpenAI comes to terms to buy Windsurf for $3b. Interested in sponsorin…
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OpenAI shared a short report with seven things they’ve seen work for companies using AI. These lessons come from real examples with firms like Morgan Stanley, Indeed, Klarna, BBVA, and Mercado Libre. The report reads like a blueprint for interested firms. Interested in sponsoring the show? [email protected] Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠…
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Today on The Breakdown, NLW discusses Arizona Governor Katie Hobbs' veto of a bill allowing state investments in Bitcoin, highlighting existing crypto exposure via Strategy (formerly MicroStrategy). He also covers Senate Democrats' resistance to stablecoin legislation, led by Elizabeth Warren, threatening bipartisan crypto regulation. On a positive…
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NLW looks at a recent prediction for what a true AGI company will look like. Are we radically underthinking the scale of the potential disruption? Inspired by: https://www.dwarkesh.com/p/ai-firm Interested in sponsoring the show? [email protected] Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://patreon.com/AIDailyBrief⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠…
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From big price targets from major institutions to Ray Dalio sayings its too late to Arthur Hayes saying long everything, NLW breaks down an interesting if confusing week. Sponsored by: ⁠⁠⁠⁠⁠⁠⁠Crypto Tax Calculator⁠⁠⁠⁠⁠⁠⁠ Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endor…
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A growing rift between Nvidia and Anthropic has spilled into public view over U.S. AI export rules. As the U.S. prepares to enforce stricter chip controls through the “diffusion rule,” Anthropic is pushing for tighter limits to keep China from advancing. Nvidia is pushing back, arguing that China already has top researchers and strong local talent.…
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Arthur Hayes says it’s time to “long everything”—and in today’s episode, NLW digs into why. Broadcasting from Token 2049 in Dubai, Hayes makes a bold case for an upcoming liquidity wave that could supercharge markets. NLW breaks down Hayes’ forecast, the return of CZ to the public stage, and insights from BlackRock and Goldman on crypto’s next chap…
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A new global survey shows 57% of employees still hide their AI use at work, and half present AI-generated work as their own. Despite growing adoption, most companies are not keeping up. Only 60% have an AI strategy, and less than 30% offer training. Interested in sponsoring the show? [email protected] Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠…
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In this episode of The Breakdown, host NLW explores legendary investor Ray Dalio's recent update on the shifting global monetary order. Dalio asserts that the U.S. is nearing a significant decline due to unsustainable economic fundamentals, and nations are now actively reducing their dependence on the U.S. dollar. NLW discusses Dalio’s vision for a…
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Meta’s LlamaCon event showed progress but left many wondering if open source is losing ground. Meta released a new API, a standalone chatbot app, and shared plans for developer tools and infrastructure. But newer models from DeepSeek and other groups are outperforming Meta’s on benchmarks. Plus up to 30% of Microsoft's code has now been written by …
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Both houses of Arizona legislature have passed a Bitcoin Reserve Bill. The question now is whether the Governor will actually sign it. Meanwhile, bullish sentiment is coming back as BTC floats around $95,000. Sponsored by: ⁠⁠⁠⁠Crypto Tax Calculator⁠⁠⁠⁠ Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculat…
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A new report from Anthropic shows people are using Claude mostly for coding, especially simple apps and interfaces. Startups make up a big part of these users, and the tool is often used more to get things done than to help someone write code manually. Meanwhile a Harvard Business Review article looks at the use cases people talk the most about onl…
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Perma Bitcoin bulls Ark Invest have raised their 2030 bullish bitcoin target. More important than the number is the logic, which argues that we're not accounting enough for lost coins with our supply models. Sponsored by: ⁠⁠⁠Crypto Tax Calculator⁠⁠⁠ Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator:…
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Recent updates to GPT-4o have sparked criticism for making the model overly agreeable, leading to concerns about trust and reliability. Sam Altman acknowledged the issue, promising fixes. Many users reported that the model now excessively validates even harmful or nonsensical statements. Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://patreon…
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A reading and discussion inspired by https://www.foreignaffairs.com/world/global-trading-system-was-already-broken Sponsored by: ⁠⁠Crypto Tax Calculator⁠⁠ Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endorsed tax reports fully compliant with IRS rules. Seamlessly integra…
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NLW builds off an essay by Replit's Gian Segato arguing that in a world where AI is the ultimate specialist in everything, agency becomes the most important determinant of success. Source: https://www.piratewires.com/p/agency-is-eating-the-world Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://patreon.com/AIDailyBrief⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Brought t…
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NLW joins Scott Melker to discuss the big topics in crypto and macro this week. Trade, tariffs, crypto banking and much more. Sponsored by: ⁠Crypto Tax Calculator⁠ Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endorsed tax reports fully compliant with IRS rules. Seamlessl…
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AI agent pricing influences how companies plan and allocate their spending. Windsurf initiated a price cut, reducing rates for coding agents to $15 per month and eliminating tool call charges. This move pressures rivals like Cursor. NLW explores how agent pricing could shape the development of the industry. Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠…
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NLW discusses market reactions to US tariff negotiations, potential tariff reductions with China, and Bretton Woods institutions facing criticism from the Trump administration for mission creep. He explores Bitcoin's reduced volatility, increased institutional adoption—including the controversial SoftBank-Tether Bitcoin venture—and ends on Trump's …
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Microsoft’s latest Work Trend Index reveals a major shift in enterprise AI: we’re entering the era of the Frontier Firm, where every employee is on track to become an “agent boss.” The report outlines a rapid evolution across three phases: from using AI assistants to managing multi-agent systems. Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://p…
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There are indicators that trade tensions are dissipating, seeing rallies in both stocks and crypto. Bitcoin is taking its unique place as an asset that can do double duty in a portfolio. Plus the latest on institutional adoption. Sponsored by: Crypto Tax Calculator Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto…
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New research suggests that AI agents are improving at a rate far faster than expected, and their task complexity is doubling every four months. AI Digest confirms this by adding OpenAI’s O3 and O4 Mini to the curve, showing tasks that take humans 1.5–1.7 hours are now within reach. Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://patreon.com/AIDai…
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Stocks were down bad again on Monday on concern around the Powell-Trump tiff, but Bitcoin started soaring. How real is this pump? What does it mean for BTC going forward? NLW explores. Sponsored by: Crypto Tax Calculator Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endor…
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NLW covers the intense debate around AI startup "Clearly." Founded by 21-year-old Roy Lee, the company sparked controversy with its provocative manifesto, "We Want to Cheat on Everything." The startup promotes real-time AI assistance to give users instant answers during job interviews, exams, and meetings. Get Ad Free AI Daily Brief: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠h…
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