The industry that spent 50 years insisting it didn’t need the state has discovered it can’t do without it.
Big Tech
Posted inTechnology
The Great AI Repricing Isn’t Going Well
Companies are backing off on their AI spending. Because investors have made such big bets on AI coming to fruition, that’s a big problem.
Posted inTechnology
Data Centers Win-Lose in Virginia
In an era of austerity, Virginia’s state budget deal puts its lawmakers supporting Big Tech and its tax exemptions on a crash course with their constituents.
Posted inEconomic Policy
New York City Wants to End Surveillance Pricing
States have attempted to prevent companies from using personal information to set prices. New York City wants to give the public a chance to enforce the law.
Posted inPolitics
Tech Industry Defector in NY-12 Gets Boost From New Super PAC
Guardrails Alliance has already raised $5 million and yesterday launched its first ad buys for New York state Rep. Alex Bores, who is running to replace longtime Rep. Jerry Nadler.
Posted inPodcasts
Organized Money: Meta Is Dying
Tech zombies trap users and vendors—then scam for cash to the bitter end.
Posted inEconomic Policy
Trump and Bernie Agree: Let’s Own AI!
One’s a narcissist, the other’s a socialist, but there’s room for all in this improbable coming together.
Posted inEconomic Policy
New Documents Detail Nine-Figure, Silicon Valley–Funded Abundance Movement
The Prospect has obtained a fundraising pitch and historical manifesto from inside the movement.
Posted inEconomic Policy
Elon Musk Is About to Make Saving for Retirement Even Harder
The upcoming SpaceX IPO will make investing in index funds for retirement worse, while Musk and friends rake in millions.
Posted inTechnology
A Market Bubble Led by AI
Artificial intelligence may not be intelligent enough to accurately value AI companies.