Fewer streaming options, or a streaming landscape where two of the three largest outlets have the same corporate parent, likely means a continuation of the price hikes that we’re already seeing.
Money, Politics, and Power
Posted inMoney, Politics, and Power
Andy Kim vs. the Machine—Again
The New Jersey senator is opposing his own party’s efforts to defang anti-corruption measures. In an interview, he depicted the fight as critical to regaining public trust.
Posted inMoney, Politics, and Power
Big Tech Poised to Win Immunity Shield From State AI Regulation
The Trump administration is readying an executive order preempting constraints on AI. It could become a much more wide-ranging deregulatory tool.
Posted inMoney, Politics, and Power
Companies Are Trying to Hide Their Ties to Larry Summers
Some fintech and energy startups haven’t announced that Summers is leaving; they just took him off their websites.
Posted inMoney, Politics, and Power
The AI Bubble Is Bigger Than You Think
It’s not just OpenAI that looks overhyped. There’s a whole mountain of sketchy financial engineering underneath.
Posted inMoney, Politics, and Power
OpenAI Is Maneuvering for a Government Bailout
For artificial intelligence to ever pencil out, some truly enormous revenue streams will be required. And if you need trillions of dollars for data centers forever, there’s only one entity to turn to: Uncle Sam.
Posted inMoney, Politics, and Power
The Flaw in Trump’s MAGA Media Empire Plot
Warner Bros. Discovery has announced that it is for sale, and Trump is trying to force the company to agree to a merger with Paramount, consolidating media with his allies the Ellisons. But states can block that merger.
Posted inMoney, Politics, and Power
Here’s What Trump’s Ballroom Donors Want
The price tag on Donald Trump’s garish White House ballroom, now up to $350 million, keeps increasing. That’s because the cost of construction isn’t nearly as important as having an inventory of donations available for corporate America to pony up.
Posted inMoney, Politics, and Power
The AI Ouroboros
Like the mythical ouroboros, the snake that eats itself, Nvidia is propping up the AI industry with circular funding deals to keep the AI bull market charging forward.
Posted inMoney, Politics, and Power
The Ad Campaign for Capitalism
By the close of the 1970s, the U.S. Chamber of Commerce had undergone a radical transformation. Once a cautious, business-friendly trade group, it had become a politically aggressive and ideologically driven machine.