Latest Interviews

Inside Opendoor: The $2.8B Bet with CEO Kaz Nejatian

Kaz Nejatian, Molly O'Shea, Tobi Lütke, Keith Rabois, Max Weber

CEO Kaz has fundamentally restructured OpenDoor by slashing external spending, enforcing a return to in-office work, and automating property assessments with AI to shift the company from a legacy real estate model to a high-efficiency technical entity. Operating with a $1 annual salary and an intensely hands-on board, Kaz is prioritizing long-term execution over short-term stock performance while replacing standard management with Y Combinator founders to instill a rigorous "founder mentality." This aggressive turnaround aims to stabilize the balance sheet and revolutionize the broken housing market, accepting significant short-term attrition to build a sustainable, high-alpha business.

Why Japanese Stocks Could Keep Rallying

Bruce Kirk, Alison Nathan

Driven by Prime Minister Senei Takeuchi's snap election victory, Japanese equities have surged 14% year-to-date in 2026, outperforming US benchmarks and triggering a Goldman Sachs price target increase based on anticipated political stability. This supermajority is expected to facilitate long-term policy continuity, attracting foreign capital as investors anticipate concrete corporate governance reforms and accelerated ROE growth to sustain the current market cycle. While risks such as leadership transitions or policy missteps remain, the landslide win signals a transition into a "delivery phase" where structural economic security and defense clarity ahead of the March 19 summit will likely drive further valuation expansion.

A Conversation with BTG Chairman, André Esteves | Global Investors' Symposium São Paulo 2025

André Esteves, Christiane Pelajo, Cris

Global market volatility driven by US policy shifts and a K-shaped economic divergence has elevated Brazil's strategic position as a neutral food and data hub leveraging its clean energy matrix. While AI capital expenditures are reshaping the industrial landscape, the speaker projects Brazilian interest rates to fall from 15% to a 7–11% range provided the government implements a 2% of GDP fiscal adjustment to resolve macroeconomic contradictions. Ultimately, the nation's future prosperity hinges on replacing social aid with formal labor incentives and utilizing deep capital markets to fund infrastructure independent of external geopolitical luck.

Why AI won’t wipe out white-collar jobs | The Economist

Alex Domash, Rosie

Contrary to prevailing fears of job eradication, data from the last three years demonstrates that white-collar employment has risen by three million jobs, with high-AI overlap roles like radiologists and paralegals seeing significant growth alongside the decline of routine administrative positions. While historical precedents suggest technology reshapes work rather than eliminating it, the report highlights critical vulnerabilities for entry-level interns and the urgent need for transition support as AI capabilities continue to double in speed every seven months. Ultimately, the trajectory points toward a "cyborg" model of human-AI collaboration where office-based roles expand and wages remain premium, provided workers can adapt to evolving coordination tasks.

Reimagining Mental Health: Innovation at the Intersection of Care & Techn | Future of Health 2025

Rhitu Chatterjee, Amir Inamdar, Patrick Joseph Kennedy, Vik Kheterpal, Upali Nanda, Viviane Poupon

A global summit convened by leaders including Amir Nandar, Patrick Kennedy, and Viviane Poupon addresses a $6 trillion economic burden caused by mental health conditions through integrated strategies spanning pharmaceutical innovation, digital equity, and architectural intervention. Participants highlighted breakthrough therapies like Cybin's CYP003, successful biophilic design projects that reduced medication usage by 30%, and digital monitoring initiatives that engaged 81% of bipolar patients to bridge the gap between chronic care and primary prevention. The gathering concluded with a unified call to reframe mental health as "brain health," urging policymakers to establish liability frameworks for AI and social media while leveraging public-private partnerships to scale accessible, preventative care models globally.

The AI Agent Economy Is Here

Founders and non-technical CEOs are rapidly adopting autonomous AI workflows, creating a parallel "agent economy" where software selection is driven by swarm intelligence rather than human developers. This shift forces a strategic pivot for developers, requiring tools to offer superior, structured documentation and open APIs to be chosen by autonomous agents as primary decision-makers. Industry leaders like Maltbook and Supabase are capitalizing on this transition, while institutions like Y Combinator begin redefining their frameworks to support a future where agents act as the primary economic actors choosing infrastructure.

What Boris Cherny Learned From Building Claude Code

Boris Cherny

Quad Code's founder executed a grueling three-month sprint to launch a terminal-based product, accepting current code-generation limitations as an inevitable starting point rather than a final state. This strategy mirrors Anthropic's philosophy of building software for capabilities expected six months into the future, encouraging founders to target where models currently fail rather than optimizing for today's constraints. By prioritizing this forward-looking approach, both entities anticipate that natural model progression will resolve existing gaps without requiring premature adaptation to immature technology.

Has Putin pushed Russia’s economy too far? | The Economist

Putin, Arkady, Adam, Zannie, Al-Qadi

Russia has incurred approximately 1.2 million total casualties in a conflict where President Putin's reliance on a paid mercenary force drawn from rural areas prioritizes fiscal containment over social cohesion. This strategy has accelerated the country's transition into a war economy, creating a fiscal drag that has pushed the budget deficit to 2.6% of GDP while forcing the state to extract capital from investment and civilian living standards. Although an immediate macroeconomic collapse remains unlikely, experts warn that current recruitment incentives and resource diversion are eroding long-term state power by consuming future potential faster than it can be replaced.

Tech Comeback Ahead?

Peter Callahan, Mike Washington

In 2026, the technology sector is experiencing a 3% to 4% year-to-date decline and lagging the broader market for the first time in 15 years as investor focus shifts from generative AI infrastructure builds to commercial implementation and revenue verification. Despite "best-in-class" earnings growth across the Mag Seven cohort, equity valuations remain suppressed because companies face intense pressure to convert massive capital expenditures into immediate top-line growth within the next 6 to 24 months. Analysts maintain a constructive outlook on clean tech valuations but anticipate high volatility in the coming weeks as the market transitions from sector-wide moves to stock-specific differentiation.

The Infrastructure Imperative: Mobilizing Capital for a Resilient Economy | GIS São Paulo

Anya Prusa, Tufi Daher, Karen Fang, Laurent Fayollas, Michael Kelly, Tanya, Eliane

Industry leaders and institutional investors gathered to address the $2.1 trillion global clean energy finance landscape, emphasizing the critical need for stable public policies and de-risking instruments to unlock capital for projects ranging from Brazil's TransNordestina railway to Canada's $15 billion Growth Fund. The panel highlighted emerging technologies like advanced geothermal and carbon capture alongside the transformative potential of AI in grid optimization, while noting that demand-side behavior change and Indigenous legal reforms are essential drivers for scaling decarbonization efforts. Ultimately, the discussion concluded that achieving a balance between affordability, security, and sustainability requires overcoming geopolitical supply chain risks and shifting political focus toward concrete project execution in resource-rich but underfunded regions like Africa.

Why are so many Colombians becoming mercenaries? | The Economist

Carla Subirana Artús, Rosie Blau

Colombia is rapidly emerging as a primary global source of mercenaries driven by a cohort of 13,000 soldiers exiting the military under President Gustavo Petro's policies combined with a lack of domestic veteran support. These former soldiers are increasingly recruited via social media to serve in high-risk foreign conflicts ranging from Sudan to Ukraine, while their deployment facilitates serious international crimes such as the assassination of Haiti's president. Although Colombia ratified the UN Anti-Mercenary Convention, experts argue that without comprehensive domestic pension reforms, the economic incentives for this growing export of armed labor will remain unchecked.

Opportunities in Sustainability: Voice of Global Investors | Global Investors' Symposium São Paulo

Patricia Torres, Clara Barby, Tony Lent, Jens Nielsen, Wolfgang Schwerdtle

A recent high-level forum brought together investors from GIC, the World Climate Foundation, and Just Climate to align capital strategies with Brazil's mandate to cut greenhouse gas emissions by 59% to 67% below 2005 levels by 2035, prioritizing land use and agriculture over traditional energy transition. Participants identified a maturing market where average deal sizes are rising to $30 million, yet emphasized that overcoming data gaps and currency risks requires innovative financial instruments like off-take guarantees and specialized intermediaries. The dialogue concluded with a unified call for asset owners to appoint dedicated NBS executives and reallocate 2–3% of assets by 2025 to support scalable nature-based solutions that bridge the gap between venture and infrastructure capital.

How to play chess like a grandmaster | The Economist

Jennifer Shahade, Alok Jha

This analysis positions chess as a rigorous framework for human cognition, illustrating how expert players balance intuitive pattern recognition with deliberative calculation across the game's three distinct phases. The discussion highlights how modern AI engines, which prioritize probabilistic outcomes over traditional material evaluation, have paradoxically driven human players toward more aggressive and creative styles rather than rendering the game obsolete. Ultimately, the enduring surge in chess popularity despite AI dominance serves as a resilient precedent for human adaptation in an increasingly automated landscape.

Finland’s president: are Europe and America’s interests still aligned?| The Economist

Alexander Stubb, Donald Trump, David Rennie

Recent US policy shifts driven by MAGA ideology and an "America First" pecking order have inflicted irreparable damage on transatlantic morale, despite maintaining strategic alignment on Arctic defense and containing Russian influence in Europe. While Finland has bolstered its self-reliant military with conscription and advanced weaponry, the alliance remains fragile due to lingering US control over critical assets like long-range missiles and Starlink capabilities. Bilateral cooperation continues through massive joint exercises in Northern Norway and Finnish acquisition plans, yet the relationship risks escalation if diplomatic off-ramps at venues like Davos fail to prevent trade wars or military threats over issues such as Greenland.

Inside Claude Code With Its Creator Boris Cherny

Boris Cherny, Mark Mandelmann, Jr., Francesc Campoy, Melanie Warrick

Anthropic has accelerated its engineering velocity to a 150% growth rate by leveraging *Claude Code* to generate 70% to 90% of its own source code and rewriting its entire codebase every six months to avoid technical debt. The organization operates a bimodal workforce of specialists and generalists while predicting that traditional software engineering roles will fade as AI automates coding tasks. With *Claude Code* now powering the majority of developer sessions and influencing 4% of public industry commits, the company is simultaneously expanding into non-technical domains through *Co-work* and monitoring its safety rating at ASL 3.