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Affirm’s Outlook Comes Up Short

Affirm co-founder and CEO Max Levchin joins Emily Chang to discuss the latest comments from Federal Reserve Chair Jerome Powell and the tech selloff, how it is affecting Affirm and the “Buy Now, Pay Later” industry, and why the company is approaching the next fiscal year “prudently.”

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Affirm co-founder and CEO Max Levchin joins Emily Chang to discuss the latest comments from Federal Reserve Chair Jerome Powell and the tech selloff, how it is affecting Affirm and the “Buy Now, Pay Later” industry, and why the company is approaching the next fiscal year “prudently.”

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12 Comments

12 Comments

  1. Soulful Wapechi

    August 27, 2022 at 12:03 am

    I am a bit concerned for “buy now pay later” – as much as affirm believes in their risk management skills – if an individual doesn’t pay or want to pay – then those defaults on bad “loans” increase and will begin to damage the company’s valuation. Especially in a potential recession which is enough for people to put priorities (house, food, clothing) over loan payments.

  2. Susan Elizabeth

    August 27, 2022 at 12:21 am

    Why do they ask CEO dudes about economic issues rather than asking an economist? CEO dudes have a dog in the fight.

  3. J

    August 27, 2022 at 12:29 am

    I’ve been using affirm for about 2 years now. Thousands of dollars, and I’ve never had to pay interest.. so, how are they making money?

    • Amit Kumar

      August 27, 2022 at 5:27 am

      They charge a fees from the merchants

    • turbine

      August 27, 2022 at 6:41 pm

      Merchant fees

  4. Barney Google

    August 27, 2022 at 12:36 am

    Please enable the cc (control caption) function for your you tube videos. Am missing a lot of info with audio alone. Thanks.

  5. Felix Andreas

    August 27, 2022 at 1:45 am

    Long term investment is the best now. I invested $20,500  with Tatiana James and i top up my trade with $1000 every week. Now, I’m having over $147,345 on my dashboard. Toping up your trade is really important..

  6. Gerhard Johann

    August 27, 2022 at 1:48 am

    I will recommend the expert Tatiana James to anyone who wants to invest in the Forex / Crypto trade, the strategy works for me. I make good profits from Bitcoin trade

    • Marie Friedrich

      August 27, 2022 at 1:49 am

      Tatiana James changed my financial situation for the better. Thank you very much to my aunt who introduced her to me

    • Olivia Ethan Gabrielle

      August 27, 2022 at 2:01 am

      Despite the economic downturn, I’m happy ☺️. I have been earning $60,200 returns from my $10,000 investment every 7 days

  7. Hussien Alsafi

    August 27, 2022 at 6:14 am

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  8. turbine

    August 27, 2022 at 6:42 pm

    Superb underwriting

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Science & Technology

Why So Many Companies Are Now Chasing Neoclouds

While OpenAI is busy building its own chips, Groq, SpaceX, and even companies that used to make shoes are racing to lease out compute. The Equity Podcast crew asks: Are neoclouds the new oil? And how long will the demand last?

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While OpenAI is busy building its own chips, Groq, SpaceX, and even companies that used to make shoes are racing to lease out compute.

The Equity Podcast crew asks: Are neoclouds the new oil? And how long will the demand last?

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Science & Technology

Everyone from OpenAI to SpaceX is building their own chips | Equity Podcast

OpenAI just shared its plans to spice things up with Jalapeño, its custom inference chip built with Broadcom, joining Google, Apple, and SpaceX in a growing list of companies building their way out of single-supplier risk. The goal is less of a clean break and more of a hedge. Custom silicon means more control, hardware…

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OpenAI just shared its plans to spice things up with Jalapeño, its custom inference chip built with Broadcom, joining Google, Apple, and SpaceX in a growing list of companies building their way out of single-supplier risk. The goal is less of a clean break and more of a hedge. Custom silicon means more control, hardware tuned to specific needs, and the kind of performance gains Apple unlocked when it ditched Intel.

On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane dig into what the custom chip trend means for the industry and a few deals of the week.

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

Chapters:

00:00 Intro

01:28 OpenAI’s Jalapeno chip and the race for custom silicon

07:33 Memory chip crunch and rising costs for consumers

09:12 Nvidia, Grok, and the neocloud pivot

13:18 What’s the point of data centers in space?

18:25 AI agent loops: hype or next big thing?

27:56 Agility Robotics goes public via SPAC

32:49 A24 takes Google DeepMind investment

35:47 Outro

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Entertainment

‘Jackass’ Cast Answer The 50 Most Searched Jackass Questions

WIRED tasks the cast of Jackass: Best and Last to answer the 50 most searched questions about Jackass. Still haven’t subscribed to WIRED on YouTube? ►► Listen to the Get WIRED podcast ►► Want more WIRED? Get the magazine ►► Follow WIRED: Instagram ►► Twitter ►► Facebook ►► Tik Tok ►► Also, check out the…

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WIRED tasks the cast of Jackass: Best and Last to answer the 50 most searched questions about Jackass.

Still haven’t subscribed to WIRED on YouTube? ►►
Listen to the Get WIRED podcast ►►
Want more WIRED? Get the magazine ►►

Follow WIRED:
Instagram ►►
Twitter ►►
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Tik Tok ►►

Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV.

ABOUT WIRED
WIRED is where tomorrow is realized.

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