On today’s episode, Byrne Hobart delves into the intricacies of technology-induced market shifts, hedge fund dynamics, Byrne’s post on outage economics, and the evolving landscape of open source and proprietary AI models. --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. --- RECOMMENDED PODCAST: Sourcery by Molly O'Shea Sourcery by Molly O’Shea brings the conversations founders and investors have behind closed doors into the light. Subscribe for upcoming episodes with: Delian Asparouhov of Founders Fund and Varda Space, and Chris Power of Hadrian. Spotify & YouTube--- SPONSOR: TURPENTINE | BRAVE Get first-party targeting with Brave's private ad platform: cookieless and future proof ad formats for all your business needs. Performance meets privacy. Head to https://brave.com/brave-ads/ and mention “MoZ” when signing up for a 25% discount on your first campaign. --- LINKS: Byrne’s writing: thediff.co --- X / TWITTER: @eriktorenberg (Erik) @byrnehobart (Byrne) @turpentinemedia (Turpentine) --- TIMESTAMPS: (00:00) Intro (00:20) Exploring Hedge Fund Dynamics: Is Alpha for Sale? (01:52) Hedge Funds and Investment Strategies (10:24) VC Insights on Scaling and Performance Metrics (16:59) Sponsor - Turpentine | Brave (19:37) Advantages Multi-Manager Hedge Funds (23:17) Personal Finance and Hedging Strategies (31:56) Outage Economics (45:09) Search Engines and Data Feedback Loops (47:40) Future Implications pf the Intersection of AI and Search Engines (54:20) Open Source AI: Balancing Innovation, Security, and Business Models (01:03:02) Wrap