I’m good friends with the people in the small team at @Ithaca_Holdings, and they are aces.
They'll buy companies which will be especially important in a world with more capable AI and then do great things to the products they provide.
Ithaca Holdings agrees to acquire Bumble, betting AI will make relationships more valuable
AISummary
Dwarkesh Patel says he is good friends with the small team at Ithaca Holdings and calls them excellent. Ithaca has announced an agreement to acquire Bumble, which it says it chose from hundreds of companies because AI makes connecting people more valuable.
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Dwarkesh PatelVerified on X
@dwarkesh_sp
Today we announced an agreement to acquire Bumble. Over the past six months, we’ve looked at hundreds of companies, asking which businesses would become more valuable as AI advances. Bumble stood out. As intelligence becomes more abundant, we believe connecting with the right person and forming meaningful relationships will become even more precious. And frontier technology can help more people find and build those relationships. Our purpose at Ithaca is to apply frontier technology to things that matter. We acquire enduring businesses, transform them with technology, and hold for the long term. We focus on businesses not only for their financial potential but their ability to enrich lives. Whitney and her team have built something extraordinary. Millions of relationships began on Bumble, and we’re honored to help take it into its next era. Together we intend to build the best company in the world for helping people find each other. Let’s get to work.View quoted post on X
Source: Dwarkesh Patel · x.comPublished · added here