The Specification
Milos MaricicWhat AI research means for the people who allocate capital
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 27 | Founded | 8 months ago | Last Issue | 17 days ago |
| Active | |||||
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thespecification.substack.comLatest Issues
World Tour Impressions, New Course Offer, Fortune Op-Ed
All AI talks go off the rails
I’ve been absent from writing for a month and the excuse is that I was on a tour of Asia-Pacific: Singapore, China, Japan, New Zealand and Australia. I gave about a dozen talks to sovereign funds, pension...
The Consensus Is Becoming a Model
Every manager I have met this year runs part of the research on a frontier model, and most of them run it on the same one. There’s a price to pay for that.
Better models, same mistakes
Andrew Lo, the MIT Sloan finance professor, posted...
89 Percent of Hallucinations Survive the Final Agent Handoff
Last week, the Wall Street Journal reported that Blackstone, Hellman & Friedman and Apollo are embedding AI engineering teams inside their portfolio companies as a permanent operating function. Multi-agent systems, several specialised AI mo...
Ten Papers Retire the Standard AI Backtest Defense
The Specification returns from a summer break with a stack of ten papers and one verdict argued across them. Over June, July and August the interesting work in AI-for-finance quietly stopped answering whether a model can find alpha and star...
How financial institutions can cut a third of their token costs while raising the metrics that matter
The quarter the token bill became a line item
Something changed on the earnings calls this season. Our Token Tape, which reads the quarterly calls of roughly sixty large US-listed financial institutions, has about 80 percent of them di...
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