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Armed with longer-range missiles, a top Russian fighter jet is posing a bigger threat, analyst says

Russia’s Su-35 fighter jets are increasingly flying with longer-range air-to-air missiles that make them a potentially greater threat to NATO air operations, a leading airpower expert assessed in a recent report.

Justin Bronk, a researcher at the UK-based Royal United Services Institute, said in his assessment of Russian air power that regularly arming Su-35 and Su-30SM2 jets with R-37M missiles “has significantly contributed to increasing the threat that they can theoretically pose to NATO air operations.”

The R-37M missile, which NATO calls the RS-AA-13, is “much more capable at long range” than the R-77-1 missiles the Su-35 had previously relied on, Bronk told Business Insider in a discussion of his recent report.

R-77-1 missiles have a range of about 62 miles, while R-37M missiles are understood to have a range of around 200 miles. Real-world kills at range depend on a mix of factors, but reach still matters.

Bronk told Business Insider that the longer-range R-37M missiles had been “very much a specialist weapon” for a limited selection of Russian jets. But “now you see absolutely routine employment” of the weapon on Russia’s Su-35S.

The Su-35 fighter is “the primary air superiority aircraft for the Russians,” he added. The jet is key for Russia’s air force, with the UK Ministry of Defence in 2023 describing it as Russia’s “most advanced combat jet in widespread service.”

Bronk told Business Insider that for the NATO alliance, the regular arming of Su-35s and Su-30SM2s with the R-37M is “a problem” because it puts “more credible long-range air-to-air missiles at play from the Russian side.”

Those missiles used to be contained within a smaller part of the force, mainly Russia’s MiG-31s. Now, Bronk said, having them on more jets “is obviously a significant growth in the potential threat that they can pose to NATO aircraft in a direct conflict.”


A grey fighter jet in a light blue sky with fire visable in its two engines

The R-37M was previously concentrated on Russia’s MiG-31 jets.

Mikhail Svetlov/Getty Images



Additionally, he said, Russia’s Su-35 crews are “generally more highly selected, better trained, more capable than the crews on the MiG-31s.” Russia’s better pilots tend to fly its top jets, and those will be the pilots operating these missiles.

Having them routinely carry long-range air-to-air missiles, rather than the “really pretty limited” R77-1 that they used to carry, Bronk said, “is a significant shift.”

A missile with a longer reach

The R-37M’s combat effectiveness has been spotlighted by Russia’s full-scale invasion of Ukraine, which began in February 2022.

Late that year, a RUSI report said the R-37M, combined with Russia’s MiG-31BM interceptor aircraft, was proving to be “highly effective and difficult for Ukrainian pilots to evade due to its speed, very long range, and specialized seeker for low-altitude targets.”

At that time, it said Russia was just starting to put them on Su-35S jets.

A newer report from RUSI in November highlighted how much more the R-37M missile was being used, saying that this missile “in particular, has been used to destroy several Ukrainian aircraft at long range,” including one kill recorded at more than 109 miles.

“This is significantly beyond the engagement range of most NATO air-to-air munitions,” the report said. But it also said that the missiles’ success was “heavily determined by Ukraine’s lack of effective radar warning receivers,” something NATO has fielded far more robustly across its air forces.

The Su-35 threat

Making the Su-35 more powerful is a big move for Russia. In 2022, analysts at the RAND Corporation described the Su-35 as Russia’s “signature heavy fighter.”

Ukraine has shot down multiple Su-35s in its fight against Russia’s invasion, but Bronk said that despite reported losses, the fleet has “marginally increased since the start of the full-scale war.”

He estimated that in late 2020, Russia had about 90 Su-35s. Between eight and 10 have been lost in combat or accidents, he said, but 55 to 60 new aircraft have since been delivered — leaving Russia with roughly 135 to 140 Su-35s overall, a net increase despite the attrition.

Bronk’s analysis was based on interviews with Western air forces and ministries, data from Ukraine’s armed forces, and open-source information.

He said that the Russian air force has gained so much valuable combat experience against Ukraine that its air force is now “a significantly more capable potential threat for Western air forces than it was in 2022.”

He said that in air-to-air combat, where Russian aircraft take on Western ones, the West still has a strong advantage, but longer-range air-to-air missiles complicate the picture.

And any fight would not only be in the air. The West would face not only Russia’s air force but also its vast ground-based air defense network, which the war has also made more formidable.

Bronk told Business Insider that Su-35 crews are typically “much better at working with the ground-based air defenses,” meaning the jets can operate more effectively under the umbrella of Russian surface-to-air missile systems and are therefore “more credible as an air-to-air threat.”

He said that the improvement of those ground-based defenses throughout the war — combined with the fielding of more powerful missiles on Su-35s that are increasingly integrated with them — is one reason why Russian airpower “represents a greater threat to Western air power capabilities in Europe” than it did before the full-scale invasion.




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AI CEO warns AI’s disruption will be ‘much bigger’ than COVID: ‘The people I care about deserve to hear what is coming’

It’s never a good sign when a CEO warns something more disruptive than COVID is heading our way.

In an essay titled “Something Big Is Happening,” Hyperwrite CEO Matt Shumer said AI can now do all of his technical work — and he thinks your job could be next.

“I’m writing this for the people in my life who don’t… my family, my friends, the people I care about who keep asking me ‘so what’s the deal with AI?’ and getting an answer that doesn’t do justice to what’s actually happening,” Shumer wrote in his nearly 5,000-word post published Tuesday on X.

As of Wednesday morning, Shumer’s post had 40 million views and 18,000 retweets.

Shumer said that the reason people in tech “are sounding the alarm” is that they have already experienced what’s coming for everyone else.

“We’re not making predictions,” he wrote. “We’re telling you what already occurred in our own jobs, and warning you that you’re next.”

Shumer said that many people outside tech wrote off AI years ago after a clunky experience with an early edition of ChatGPT.

“The models available today are unrecognizable from what existed even six months ago,” he wrote. “The debate about whether AI is ‘really getting better’ or ‘hitting a wall’ — which has been going on for over a year — is over.”

It’s not the time to panic, Shumer said. Instead, the best thing to do is to become deeply familiar with AI. “This might be the most important year of your career,” he wrote.

“I don’t say that to stress you out. I say it because right now, there is a brief window where most people at most companies are still ignoring this,” he wrote. “The person who walks into a meeting and says ‘I used AI to do this analysis in an hour instead of three days’ is going to be the most valuable person in the room.”

He’s far from alone in sounding the alarm. Despite disagreement from other tech leaders, Anthropic CEO Dario Amodei remains adamant that AI could wipe out up to half of white collar, entry-level jobs in the next one to five years.

xAI CEO Elon Musk and others have warned that if your job doesn’t involve physical labor, it’s likely to be replaced by AI much more quickly, a view that dovetails with a growing base of economic research.

Shumer’s essay struck a chord, especially with those in tech. Reddit cofounder Alexis Ohanian replied, “Great writeup. Strongly agree.”

“Great advice for how to get ahead in your job at any large company right now,” A16z general partner David Haber wrote.

While the response to the post has been overwhelmingly positive, some X users pointed out the limitations still present in many current AI products, like hallucinations and general inaccuracies.

What changed Shumer’s mind

Shumer said that this moment feels like February 2020, when in a short span of time, news of a spreading pandemic gave way to a worldwide upheaval unseen in modern times that continues to reverberate to this day.

The potential of what AI will change, he wrote, is “much bigger than Covid.”

For Shumer, this moment of realization came with the recent dueling releases of Anthropic’s Opus 4.6 and OpenAI’s GPT-5.3 Codex. Both models are primarily aimed at software engineering. OpenAI said in its release notes that GPT-5.3 Codexis our first model that was instrumental in creating itself.”

“It wasn’t just executing my instructions,” Shumer wrote of his experience with OpenAI’s latest Codex model. “It was making intelligent decisions. It had something that felt, for the first time, like judgment. Like taste. The inexplicable sense of knowing what the right call is that people always said AI would never have.”

AI is now so intelligent, Shumer said, that he can tell the agent what he wants and “walk away from my computer for four hours, and come back to find the work done. Done well.”

In a post on LinkedIn Wednesday morning, Shumer addressed his viral X post.

“Every time someone asks me what’s going on with AI, I give them the safe answer,” he wrote on Wednesday. “Because the real one sounds insane. I’m done doing that.”




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Ben Horowitz says that investing teams shouldn’t be ‘too much bigger than basketball teams’

Ben Horowitz is a big fan of tiny teams.

On an episode of the A16z podcast, the Andreessen Horowitz cofounder shared how his venture capital firm maintains a lean operation despite being one of the world’s largest.

“An investing team shouldn’t be too much bigger than a basketball team,” he said, referring to advice he got from famed American investor David Swensen in 2009.

He added, “A basketball team is five people who start, and the reason for that is the conversation around the investments really needs to be a conversation.”

Horowitz cofounded the Silicon Valley VC firm with Marc Andreessen in 2009. Before A16Z, he ran enterprise software company Opsware, which Hewlett-Packard acquired.

A16z has backed marquee companies including Meta, Airbnb, GitHub, and Coinbase.

The VC said he always kept the basketball team size in mind but also knew that the firm had to expand to keep up with how “software was eating the world,” his signature phrase. The solution was to split the firm into different investment verticals.

To maintain good communication, staff attend other teams’ meetings when investment themes overlap.

The firm also organizes a two to three-day offsite twice a year, “with not much agenda.”

Horowitz said that people who join them from other firms say that A16Z has “less politics” than firms with 10 or 11 people because his firm has a culture where politicking is “disincentivized.”

A16z might have been early to the tiny team trend, but it’s catching on fast with VCs and startups across the world.

Startups are actively seeking to stay small, with many having fewer than 10 people. Founders told Business Insider that AI and vibe coding tools have boosted their productivity, allowing them to get things done with far fewer people. Less politics and bureaucracy are also big pluses, they say.

“We’re going to see 10-person companies with billion-dollar valuations pretty soon,” OpenAI CEO Sam Altman said in February 2024. “In my little group chat with my tech CEO friends, there’s this betting pool for the first year there is a one-person billion-dollar company, which would’ve been unimaginable without AI. And now will happen.”




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A $25B credit investor says betting only on AI chips misses the bigger cycle

The artificial intelligence boom is real — but there’s more to the AI trade than chips alone, according to a credit investor.

“This is a super-duper micro cycle that will outlast many investing careers,” said Scott Goodwin, the cofounder and managing partner of Diameter Capital Partners, a quote he attributed to his partner Jonathan Lewinsohn.

AI represents what Diameter Capital sees as a long-running, disruptive cycle — but buying the most obvious winners isn’t the only way to play it, he said on the “Goldman Sachs Exchanges” podcast published on Friday.

Diameter Capital, which manages approximately $25 billion in assets, has focused on where AI demand could create less obvious bottlenecks — and where those bottlenecks show up in credit markets.

The AI opportunity beyond chips

That view led Diameter to buy the unsecured debt of a midsize telecommunications company in 2023.

Goodwin said the bet was rooted in the idea that as companies move from training AI models to actually using them, demand shifts away from chips alone and toward the networks that carry data.

“It had to leave the data center. How would it leave? It would leave on the commercial fiber, the pipes,” he said.

The telco went on to sign more than $10 billion in contracts with hyperscale cloud providers, and the debt has rebounded to face value, Goodwin said.

Diameter Capital also made “a big bet” on a satellite company tied to the wireless spectrum — a wager that later paid off after the company sold spectrum assets and the debt returned to face value.

Goodwin’s comments come amid growing debate over whether sky-high AI valuations are sustainable and whether investors are overlooking other opportunities tied to the technology.

Risks and rewards

Goodwin warned that parts of the AI-credit boom may be taking on risk that’s hard to price, especially in chip finance.

Some investors, he said, are taking on “residual risk,” or the riskiest slice of chip-financing deals — betting on what the hardware might be worth years from now. Cutting-edge firms refresh their technology often, so chips can quickly become outdated for some customers.

“We call up really smart people in Silicon Valley, we call up really smart people at Big Tech companies and ask them what the residual value is on these chips three, four, five, six, seven years forward,” he said. “None of them have a clue.”

Goodwin said the next phase isn’t just about spending on infrastructure — it’s about competitive disruption rather than capital expenditure.

“Who are the companies, who are the entities that are going to adopt AI and take a step forward versus their peers? And who are going to be the losers?” he asked.

“That is actually a longer cycle than the capex cycle, so that’s really interesting,” he said.




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I’m 61 with 16 grandkids. Instead of downsizing, we bought a bigger vacation home to finally make family trips work.

This as-told-to essay is based on a conversation with 61-year-old Doug Beachy, a Cincinnati-based business owner who bought a vacation home with Pacaso in 2022. Pacaso is a platform for fractional ownership of luxury vacation homes. The company allows multiple individuals to co-own a second home and share ownership of the property. This conversation has been edited for length and clarity.

I’ve been married to my wife, Jamie, for 37 years. We have four married children and 16 grandchildren. Our oldest grandchild is 12, and our youngest isn’t quite one yet.

Once our kids started having children, they all moved back closer to home in Cincinnati, where we live. We own a five-bedroom home that’s about 4,000 square feet. We’re empty nesters, so there’s plenty of space for us, but when the whole family is over, everyone is on top of each other.

We’ve converted one room into a kids’ playroom and another into a nursery, and we have a finished basement where the kids can play, but family gatherings are still a bit hectic.

In the past, to bring everyone together, we would either rent a large beach house or book a cabin-style retreat in the woods here in Ohio.

We did that about every other year because it’s hard to coordinate everyone’s schedules — especially with grandkids in school — and seasonal rates for a large home are expensive. It was a big chunk of money for just a week’s experience.

We bought a vacation home

Hilton Head Island has always been a fun family destination for us. It’s an island in the Lowcountry of South Carolina, just outside Savannah, Georgia, with about 12 miles of pristine beaches.

There’s so much to do here from a family activity standpoint, in addition to simply soaking up the sun and going to the beach — it’s just a great place to relax and unwind.

Homes here can be expensive, though. The average home is priced in the upper $700,000s, and properties can sell for as much as $10 million. For a while, I thought about buying a second, larger home here, but I’m not retired yet, and I realized that putting that much money into a house where I don’t live full time just didn’t make sense.


An aerial view of homes along the shore in Hilton Head.

Hilton Head Island, South Carolina.

EyeEm Mobile GmbH/Getty Images



In early 2022, I started exploring different homeownership options, including shared or fractional ownership. That’s when I found Pacaso online and saw they had some homes available in Hilton Head.

We ultimately settled on an about 5,000-square-foot home with six spacious suite-like bedrooms — five with king-sized beds, large walk-in closets, and private bathrooms, and one with several bunk beds for the children — and seven and a half bathrooms.

As you can imagine, taking 20 people out to eat all the time is not exactly fun, so we wanted a house with a large, well-stocked kitchen. Our kitchen almost occupies the entire second floor and, by my last count, it can seat 19 or 20 people. It also has a beautiful ocean view.

Co-ownership was the best fit for us

When we bought the home, it was valued at over $5 million. We own a 1/8 share — we made a 50% down payment on our portion of the home — and there are seven other owners, whom we don’t know.

Our friends will say, “It sounds like a timeshare.” But I think it’s much more transparent than a traditional timeshare. There are no extra markups or mystery fees added on top.

I also feel that, unlike a timeshare, which can leave you feeling stuck and lose value over time, this is a long-term investment. Of course, everything depends on the real-estate market, but I feel fairly confident this is an appreciating asset.


Doug Beachy's vacation home.

The Beachy vacation home.

Courtesy of Pacaso



I think going this route, instead of buying another second or vacation home, has eliminated all the concerns I had about upsizing — like having to maintain the home ourselves or deal with high HOA fees. We wanted a place we could share with family, and this setup works well for us at this stage of our lives.

We spend more time together as a family

Pacaso provides a house manager who handles everything. It’s essentially a concierge service — the home is clean when we arrive and fully stocked with towels, linens, soaps, and disposable items, such as paper towels and paper plates.

When we go, the only thing we really need to think about is what food we want to buy, depending on what we plan to cook — and we have a lot of good cooks in the family.

We have the home reserved for 44 nights a year, and we use nearly all of that time. Not everyone in the family is there for every stay, but they come as they please.

Our family gets together more often now, about twice a year. In the summer, during the high season when the kids are out of school, we typically reserve the house for a couple of weeks at a time.


Doug Beachy and his granddaughter.

Beachy and his granddaughter.

Courtesy of Doug Beachy



The grandkids look forward to each trip and talk about it all the time. Many of them are around the same age, and they love the opportunity to spend time with their cousins.

The house came with six beach cruiser bikes, which is perfect because there are plenty of biking trails on the island. It also has a private pool and hot tub, and the grandkids love that it’s fully stocked with games and puzzles.

Our favorite things to do with them are spending time in the pool, watching the sunrise, and hanging out on the beach. We also take a lot of bike rides and play pickleball. We just love how much more quality time we’re spending together as a family.




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