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A few years ago, I made the mistake of filling out a form to look into a business loan, one that I never ended up getting. Since then I receive no less than three texts a day…
I Will Never Respect A Website
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The Subprime AI Crisis Is Here
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Soundtrack: The Dillinger Escape Plan — Setting Fire To Sleeping Giants In what The New Yorker’s Andrew Marantz and Ronan Farrow called a “tense call” after his brief ouster from…
AI Is Really Weird
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News: OpenAI CFO Doesn't Believe Company Ready For IPO, Unsure Revenue Will Support Commitments
Executive Summary OpenAI CFO Sarah Friar has, per The Information, said that OpenAI is not ready to go public in 2026, in part because of the "risks from its spending commitments"…
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I’m turning 40 in a month or so, and at 40 years young, I’m old enough to remember as far back as December 11 2025, when Disney and OpenAI “reached an agreement” to “bring beloved…
The Beginning Of History
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The AI Industry Is Lying To You
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Soundtrack: The Dillinger Escape Plan — Black Bubblegum To understand the AI bubble, you need to understand the context in which it sits, and that larger context is the end of the…
Why Are We Still Doing This?
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Soundtrack — Soundgarden — Blow Up The Outside World A lot of people try to rationalize the AI bubble by digging up the past. Billions of dollars of waste are justified by saying…
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I hear from a lot of people that are filled with bilious fury about the tech industry, but few companies have pissed off the world more than Adobe. As the foremost monopolist in…
On NVIDIA and Analyslop
Editor's note: a previous version of this newsletter went out with Matt Hughes' name on it, that's my editor who went over it for spelling errors and loaded it into the CMS.…
The AI Bubble Is An Information War
Editor's Note: Apologies if you received this email twice - we had an issue with our mail server that meant it was hitting spam in many cases! Hi! If you like this piece and want…