McSweeney's on "AI finances" goes harder than most business publications.
https://www.mcsweeneys.net/articles/ai-economics-for-dummies
How we got to wretched Musk & bs Mars colonies: politicians that don't investigate how tech works (back to Zuckerberg & the senator that asked how facebook makes money), embedded reporters that recycle CEO nonsense as "science," corrupt financial markets: post Enron who cares about balance sheets 😑
“Xavier owns an apartment that he rents out at a loss of $1 billion/month. Seeing this success, he decides to make financial commitments to construct $850 bi...
“(…) the threat from AI worthy of highlighting here is that a culture of frictionless practice, which such models (in name only) promote, is not only harmful to people's mental health and skills, but also directly undermines scholarly praxis." -- Olivia Guest (2026)
"All this is held together by an ideology that seems to be at its peak right now. The SpaceX IPO marks the massive expansionary inflation of an entirely imaginary universe." www.programmablemutter.com/p/what-would...
Fresh from cozying up to crypto creeps, Gavin Newsom is now sucking up to Y Combinator president Garry Tan.
Tan is a Thiel disciple who designed the Palantir logo. He is an enthusiastic Network State cult member. In 2024, he tweeted "die slow" at four progressive San Francisco officials.
And now
The Information reports that Meta is planning to curb its employees' AI spending mere weeks after encouraging them to token-maxx. Meta is on track to spend billions on internal use alone.
Anthropic and OpenAI cannot afford for their customers to slow down.
www.theinformation.com/articles/tok...
Iris van Rooij 💭
Crucial take, imho
David_j_roth
Gil Durán
Ed Zitron
‘Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees’ token usage, the company told staff in a memo on Tuesday, just weeks after it pushed them to adopt AI tools in their work.‘ www.theinformation.com/articles/tok...
tante
NEW: A variety of actors find it convenient to claim that opposition to data centers is the result of CHINESE COMMUNIST PSYOPS. If so, the crafty CCP has done a hell of a job covering up the evidence, reports the diligent @mollytaft.com:
GOP lawmakers, tech investors, and even OpenAI have tied the anti-data center movement in the US to Chinese interference. Experts say it’s much more complicated than that.
Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees’ token usage, the company told staff in a memo on Tuesday, just weeks after it pushed the...
www.theinformation.com
Why, Bernie, why?? 😩 We discuss Bernie Sanders’ AI doomerism with writer, researcher, and activist @nathaliemarechal.net on Mystery AI Hype Theater 3000’s latest episode “Bernie Goes Down the X-Risk Rabbithole”.
(with @emilymbender.bsky.social)
I wrote a very short piece on models & modelling in part because we need to protect our scientific praxis damage caused by AI in terms of addictive frictionless thinking, esp since it harms society broadly too.
"Models" doi.org/10.5281/zeno...
Thanks @carvalhais.org for inviting me to write this.
Alex Hanna
These days, we often read that the richest person in the world is getting even richer. There is hardly any discussion of the nature of this wealth – namely, that it consists largely of fictitious capital, the capitalization of a claim to wealth to be produced in the future.
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