The Federal Housing Finance Agency’s director has ordered Fannie Mae and Freddie Mac to prepare a framework for considering crypto as an asset in homebuying. “Pulte also instructed the agencies that their mortgage risk assessments should not require cryptocurrency assets to be converted to U.S. dollars.” Great to see crypto is getting what it paid for! If only we all could buy elections, am I right?
Kyle Chayka, who wrote for this website about the “airspace” aesthetic created by social media, is now looking into how LLM models affect creativity. He suggests that if Silicon Valley once homogenized decor — and, to some degree, created beige influencers — it may now be making LLM users less original, too.
[newyorker.com]
Edward “Big Balls” Coristine resigned yesterday, Wired reports. He’d been a full-time government employee for a month. “I have heard since Elon [Musk] and Steve [Davis] have supposedly departed, they’ve terminated a lot of those that got hired,” Sahil Lavingia, a former DOGE member, told Wired. Well, who doesn’t love a fun little purge?
No? Well, let Rusty Foster fix that for you. I promise the quick progression of headlines in this newsletter will leave you feeling, if not concussed, then certainly different.
[todayintabs.com]
to readers of Katherine Losse’s The Boy Kings. The Financial Times makes a compelling case that loser-bro Zuck is who he has always been. Also, his feelings were very hurt when we all had a good laugh about Meta’s avatars (“Legs coming soon!”). No wonder he wants AI friends, who’ll never mock him like that.
Mark Walter is buying majority ownership of the Lakers at a $10 billion valuation, reports ESPN. Walter runs TWG Global, which owns chunks of other sports teams, and also owns a fun grab-bag of other companies, including Shield AI and Slate Auto. LeBron-themed pickup truck when?
You may remember, he funded a literal version of a Saturday Night Live sketch. Well, first of all, it turns out shattering world records in sports like swimming is a little more complicated than just adding steroids. But second: The Enhanced Games are a fancy way to sell supplements.
Out at Vice Media: former CEO Bruce Dixon. In: new CEO Adam Stotsky, “A lot of the sort of messy stuff has been cleaned up,” Stotsky told The Wall Street Journal. We’ll see about that — when I wrote about Vice last year, there was still plenty of mess under Dixon.
Yesterday I wrote about Elon Musk’s fall from power. Today he is beefing with the president on X, instead of picking up his phone to make a call. Hm!