Press Space to continue
Finding signal on Twitter is more difficult than it used to be. We curate the best tweets on topics like AI, startups, and product development every weekday so you can focus on what matters.
Press Space to continue
Press Space to continue
Ronan and Luke covered the agentic bank run yesterday: "Two years ago...we spoke with a very large bank and the bank was terrified of this." "I think we would be incredibly surprised at how much information asymmetry there is in the space." "How much a dollar is made because the other person on the end of that transaction isn't as 100% in the know as the person receiving that dollar." "All of these things come out to make it not an efficient system...the inefficiencies, that's how…
Fascinating. Chief Economist at Apollo: agents could cause a bank run by sweeping household cash into accounts paying 3-5% instead of the 0.1% national average, causing banks to lose a large share of their cheap deposits. https://t.co/h9jo4cSXcB