Americans are getting wise to the threats posed by the lightly regulated facilities competing with humans for resources.
Big Tech
Posted inMoney, Politics, and Power
Hochul Caves to Big Tech on AI Safety Bill
A bill that passed the New York legislature was completely gutted and substituted with language perceived as friendlier to the industry.
Posted inBooks
The Internet’s Tollbooth Operators
Tim Wu’s The Age of Extraction chronicles the way Big Tech platforms have turned against their users.
Posted inEconomic Policy
Pick Your Financial Crash
What are the risks of a financial crash in the coming year? Let us count the ways.
Posted inBooks
Artifice in the Age of Artificial Intelligence
To understand the tech mindset is to see that the ultimate goal is domination. Silicon Valley elites apply a different standard to themselves because, quite simply, they believe that they deserve a different set of rules and expectations.
Posted inEconomic Policy
How the AI Bubble Might Play Out
Investment in new technology always needs startup financing, and if AI is truly God in the machine, wide adoption will pay off over time. But that isn’t materializing, at least not yet.
Posted inEconomic Policy
The Wrist-Slappers Strike Again
A settlement with algorithmic collusion facilitator RealPage allows it to keep allegedly ill-gotten profits and continue innovating to raise rents.
Posted inEnergy and the Environment
Big Tech’s Big New York Gas Pipeline
Gov. Kathy Hochul justified a $1 billion natural gas project by appealing to affordability. But the main reason the state needs the energy is because data centers are hogging it.
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
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.
