Bye bye biotech, hello loneliness

AI CFOs, the price of lab monkeys, a theory of Everything Bubbles, data is hard, and good things to read, including the world peace threatening the war effort, and turning charts upside down

4 mini-essays:

• AI Doing Things, CFO-style

• Bye bye biotech, hello loneliness

• Delaying the Pain Trade, a Theory of Everything Bubbles

• Data is hard

4 good reads:

• To make the world cleaner, we need Russian Uranium, which we buy from them because it made peace, and that is now inconvenient

• Civil war in Silicon Valley

• The Forever Labor Shortage

• If you want “Degrowth” you get “Degrowth.” The UK has some regrets.

Have a fantastic weekend.

Besos y abrazos,

Random Walk

Things we think

AI Doing Things, Expense Management Edition

Random Walk isn’t a CFO, so maybe this isn’t that cool, but it sure seems pretty cool:

Powered by GPT-4, Ramp extracts pricing details from your software contracts uploaded to Ramp, and then benchmarks the price against millions of Ramp transactions, providing visibility into software pricing down to individual SKUs and cost-per-seat. You’ll instantly understand whether you’re getting a fair price. If you’re not, Ramp will negotiate with your vendors. Businesses using Ramp’s negotiatio…