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The Latest Breaking News from Paul Graham

Falling letters, shop traffic weighs down Aust Post

Australia Post may have to shrink its retail network as falling foot traffic and low letter activity threatens the service's financial viability.

AAP

Solar and on-shore wind provide cheapest electricity and nuclear most expensive, CSIRO analysis shows

Estimates show small modular nuclear reactors would provide most expensive power and will not be available until 2030

The Guardian - AU

Modern mail: Australia Post to end daily letter deliveries in a bid to avoid losses

Move comes as the national postal service hopes to bring in changes after last year’s $200m loss

The Guardian - AU

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Sam Altman’s ousting from OpenAI could lead to even greater success: ‘You could parachute him into an island full of cannibals and come back in five years and he’d be the king’

Altman dropped out of Stanford, started a "failed" app, then turned it into a gig running Silicon Valley's top startup incubator.

Fortune

Who is Sam Altman, as the CEO of OpenAI denies rape allegations made by sister?

This isn’t the only lawsuit Sam Altman is facing; he was sued by Elon Musk in 2024 for breaching his fiduciary responsibility

Evening Standard

Why are there so few great startup founders in their 20s? Some blame crypto

One writers suggests there are fewer founders because promising entrepreneurs went into crypto and found a dead end.

Fortune

Paul Graham calls A.I. ‘the exact opposite of a solution in search of a problem’

A.I. "is turning out to be the missing piece in a large number of important, almost-completed puzzles," said the Y Combinator cofounder.

Fortune

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Police officers make human chain to try and save woman from falling off cliff

The officers were sadly unable to save the women but have been nominated for an award for their 'courage and determination'

Wales Online

Hard act to swallow: gull caught on film eating squirrel whole

Although a gruesome sight, experts say taking on prey that size is a mark of the bird’s bravery and skill

The Guardian - UK

Paul Graham says remote work ‘does work initially,’ which is why it ‘fooled’ leaders who have since ‘changed their minds’

"Remote work does work initially, if you start with a system already healthy from in-person work," said the Y Combinator cofounder.

Fortune

Airbnb’s CEO and cofounder says the best advice he was ever given was ‘counterintuitive’ to what most people would tell you

One of Airbnb’s early investors taught Brian Chesky a valuable lesson that helped the company’s founders grow their business.

Fortune

Paul Graham on the one quality startup founders need

It isn’t obvious who has it, noted the Y Combinator cofounder, but it's why he bet on Airbnb despite his doubts about the concept.

Fortune

Australia Post boss warns change is needed to survive

The boss of Australia Post says laws governing the floundering service must change or it will remain financially unviable putting services at risk.

The New Daily

Airbnb's CEO says a $40 cereal box changed the course of the multi-billion-dollar company

Airbnb's founders had trouble convincing early investors that people would want to stay with strangers. Then a $40 cereal box helped change their minds.

Fortune

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Newcastle Herald

Daily Australia Post letter delivery in doubt as modernisation looms

Australia Post says the "status quo for Australia Post is no longer an option."

The New Daily

Australia Post under review as letter deliveries ‘no longer sustainable’

Australia's Post's letter deliveries are "no longer financially sustainable" and will be scrutinised as part of a sweeping review of the government-owned

ABC News

Federal government launches sweeping review of Australia Post, with focus on letter deliveries

Australia Post's weekday letter-delivery obligations are "no longer financially sustainable" and need to be reviewed, according to a new consultation paper released as part of a federal government review of the postal service.

ABC News

Australia Post says five-day-a-week letter delivery should be reconsidered after $200m loss

Australia Post's chief executive tells federal parliament changes need to be made to the corporation's business model, as losses from its letter-delivery service near $200 million in six months.

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news in one place.

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AAP

Australia Post hits 'crossroads' as letter losses soar

Australia Post says it lost $189.7 million delivering letters in the first half, as letter volumes fall while the cost of delivering them rises.

Fortune

Twitter employees are bringing their own toilet paper to work as Elon Musk keeps ‘cutting costs like crazy’

Twitter canceled janitorial services at HQ while packing more workers onto fewer floors, with Musk demanding a hardcore work culture.

WEKU

Elon Musk says he will resign as Twitter CEO once he finds a replacement

"I will resign as CEO as soon as I find someone foolish enough to take the job!" Musk tweeted after most respondents to his Twitter poll said he should step down.

The Guardian - UK

Elon Musk’s Twitter poll: 10 million say he should step down

Billionaire chief executive of Tesla insists there is no successor in the wings at social media platform

Fortune

Elon Musk must step down from Twitter CEO, his own poll results show

Musk pledged to follow its results—but he also says there‘s “no successor.”

Fortune

Twitter suspends account of Paul Graham, a respected venture capitalist supportive of Elon Musk, after he tweets about Mastodon link

He broke a new Twitter rule about not linking out to other social media platforms—though claiming he did that seems like a stretch.

ABC News

Australia Post boss says technical issues behind 'well-intentioned' sign in Adelaide store

The boss of Australia Post says a sign in a South Australian store saying it could not take Indian photos was "poorly executed" and has apologised to people offended by the wording.

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