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Affirm’s Max Levchin Responds to New Competition From Apple

Jul.16 — Affirm CEO Max Levchin discusses Apple’s announcement that they will collaborate with Goldman Sachs and start allowing customers to buy products using Apple Pay and pay off the purchases in installments, which will be in direct competition with his company. He speaks with Emily Chang on “Bloomberg Technology.”

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Jul.16 — Affirm CEO Max Levchin discusses Apple’s announcement that they will collaborate with Goldman Sachs and start allowing customers to buy products using Apple Pay and pay off the purchases in installments, which will be in direct competition with his company. He speaks with Emily Chang on “Bloomberg Technology.”

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10 Comments

10 Comments

  1. Fred

    July 16, 2021 at 11:49 pm

    Sell the stock they’re done

  2. 3k1ng

    July 16, 2021 at 11:51 pm

    Sure, let’s teach consumers they can buy stuff with the money they *don’t* have. great question Emily!

  3. Andrew M

    July 17, 2021 at 2:19 am

    struggled to answer the hard questions

  4. Jack Dye

    July 17, 2021 at 8:37 am

    CEO saying underwriting for 10 years is his advantage is quite concerning lol. How long has Goldman been underwriting?? I think apples got plenty of time, time is not your advantage. You can see he knows affirms going to 0 and hes looking for the exit

  5. Chandrahas M

    July 17, 2021 at 10:28 am

    I wish Apple acquires Affirm for some 10-15B USD

  6. Abu Feras Abdullah

    July 17, 2021 at 7:57 pm

    Apply gonna get ya

  7. Shahar Rozenbloom

    July 17, 2021 at 10:33 pm

    Apple will hire great Workers from Affirm and Compnies Like That. And there will also pay with 10 Pays every Two Weeks even to iPhone and iPad with Pay Later Tim. Between 2,000$ and less to 10,000$ depand On Budget Credit Card. No interst and Store will pay.

  8. RP G

    July 17, 2021 at 11:51 pm

    comment section owns puts… they’ve obviously never used AFRM or understand its seemless integration. No need to setup Apple Pay. No need to setup an account. All you need is a phone number. AFRM TO THE MOON!

  9. mrPmj00

    July 18, 2021 at 8:06 am

    FAANG stocks (Facebook, Apple, Amazon, Netflix, Microsoft) and Intel, Zoom…
    ___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron for the recovery.
    Warren buffet quotes: It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

  10. S GL

    July 18, 2021 at 8:18 pm

    Apple has a way bigger brand name as well as pockets sad for smaller firms they are getting squeezed out.

    Unless they can maintain differentiation in brands for customers.

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Bloomberg Technology

Bain Capital Ventures Bets $1.6 Billion on AI’s Next Act

Bain Capital Ventures has raised a $1.6 billion fund to back early-stage companies built for what it calls “life after AGI.” Partner Slater Stich discusses where the firm sees opportunities across AI infrastructure, software, robotics and science, why knowledge work could be transformed first, and how BCV identifies founders capable of building the next generation…

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Bain Capital Ventures has raised a $1.6 billion fund to back early-stage companies built for what it calls “life after AGI.” Partner Slater Stich discusses where the firm sees opportunities across AI infrastructure, software, robotics and science, why knowledge work could be transformed first, and how BCV identifies founders capable of building the next generation of category-defining AI companies. He joins Ed Ludlow on “Bloomberg Tech.”
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OpenAI, Anthropic Safety Talks Stir Startup Concerns

AI startups are growing concerned that calls from Anthropic and OpenAI to “pace” frontier development could lead to a new regulatory framework shaped by the industry’s biggest players. Bloomberg’s Natasha Mascarenhas and Maggie Eastland discuss the reaction from founders and investors and early talks among OpenAI, Anthropic and Google DeepMind on common safety standards. Also…

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AI startups are growing concerned that calls from Anthropic and OpenAI to “pace” frontier development could lead to a new regulatory framework shaped by the industry’s biggest players. Bloomberg’s Natasha Mascarenhas and Maggie Eastland discuss the reaction from founders and investors and early talks among OpenAI, Anthropic and Google DeepMind on common safety standards. Also being debated in Washington is if those efforts require government involvement or changes to antitrust rules. They join Ed Ludlow on “Bloomberg Tech.”
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Meta CEO Weighs In on AI Safety Debate

Bloomberg’s Ed Ludlow breaks down Mark Zuckerberg’s call for AI labs to rely on independent evaluators and advisers to ensure models are safe. Plus, OpenAI is said to be in early talks with investors about a new funding round that could value the ChatGPT maker at more than $1.2 trillion, and Impulse Space CEO Tom…

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Bloomberg’s Ed Ludlow breaks down Mark Zuckerberg’s call for AI labs to rely on independent evaluators and advisers to ensure models are safe. Plus, OpenAI is said to be in early talks with investors about a new funding round that could value the ChatGPT maker at more than $1.2 trillion, and Impulse Space CEO Tom Mueller discusses the company’s $308 million Series D extension and the future of the space mobility economy.

00:00:00 – Bloomberg Tech Begins
00:01:07 – Riley Griffin, Bloomberg News
00:04:55 – Shirin Ghaffary, Bloomberg News
00:09:22 – Summer Mersinger, Blockchain Association
00:15:41 – Tom Mueller, Impulse Space CEO
00:23:11 – Natasha Mascarenhas & Maggie Eastland, Bloomberg News
00:29:31 – Peggy Johnson, Agility Robotic CEO
00:33:29 – Slater Stich, Bain Capital Ventures
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