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Fintech

Ramp $40B. Hyperscalers' $49B tell.

Ramp is reportedly raising at a $40B+ valuation — a 25% jump in six months. Goldman Sachs flagged this week that roughly 60% of Alphabet's and Amazon's Q1 "other income," about $49B combined, came from gains on private-company equity stakes. Anthropic's CEO put Q1 growth at 80x annualized. The private market isn't just adjacent to the public one anymore. It's showing up in the earnings reports.

Paul Smalera

Artificial Intelligence

May 8, 2026

Paul Smalera

Artificial Intelligence

May 8, 2026

When ”markets” and gambling mean the same thing

Paul Smalera

The private market access trade is getting its first real stress test

Paul Smalera

Anthropic's $380B valuation has a new problem

Paul Smalera

Block just cut half its workforce. Wall Street loved it.

Paul Smalera

The $100 billion market nobody can measure

Paul Smalera

Wall Street just bought the private markets. Here's what that means for you.

Paul Smalera

Friday the 13th came for the IPO market

Paul Smalera

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