Premium Newsletter: Part 2 of my Silicon Valley Bubble series - how AI inflated a hype bubble in the tech media, how it's a symptom of the death of growth in software, and how the GPU bubble threatens global markets and retirement funds. www.wheresyoured.at/premium-the-silicon-valley-bubble-part-2/

An Inconvenient Goof open.substack.com/pub/whatwelo...

The houses of ethnic minorities in Belfast didn’t ’go on fire’ last night - as my radio has told me - they were set alight

This is a pogrom. Do we think the government and BBC know what a pogrom is? www.theguardian.com/uk-news/2026...

This is a chaos bet, but it would be really funny if the reason that Anthropic and OpenAI are cutting their prices is that they're planning to move everybody over to token-based billing. The end of subsidies sold as "a massive price cut to democratize access to intelligence"

The good news is that OpenAI will hopefully be out of business before this happens ...

Thanks for having me on, @molly.wiki! We talked about how the disastrous Citizens United decision led us to this new wave of spending by the tech industry and how to go about getting big money out of politics and fixing our campaign finance system. Watch here: www.youtube.com/watch?v=oZAh...

These aren't protests. They're racist riots. And it's time for the government to take them seriously. The PM should be convening COBRA and setting out a real plan to end this horrific violence and bring communities together. Now is a time for real leadership.

there's just no limit of insane nonsense in the Space X IPO, but even the actually profitable company (Starlink) is being wildly misrepresented calacanis pretends it's some infinitely scalable super connectivity option that will surpass Netflix total subscribers rank chodish delusion

Strike 1 for European courts ... excellent news! Breaking: Google liable for hallucinations open.substack.com/pub/garymarc...

this is downright scary. And that a.... called Elon Musk is not only condoning it but actively inciting the violence!

this should get much wider distribution!

@garymarcus.bsky.social (and @edzitron.com for that matter) have been so right in predicting this for years now … it’s high time someone bought them a Bells (or other high-% beverage of their choice)! Breaking news, and how the end might begin open.substack.com/pub/garymarc...

Yeah yeah posting this twice but ... does the behaviour of Amodei etc. qualify as a pump-and-dump yet? The revenge of Claude Mythos open.substack.com/pub/garymarc...

Totally ridiculous scheme ... no-one's even built a 2 or 4-GW data center and they're dreaming of 10GW ... Never mind how to finance it (see Softbank's desperate tries to find backers for it's $6b loan to OpenAI, already down from $10b!) www.theinformation.com/articles/ope...

Very important point: SoftBank was pledging *all* of its OpenAI stock (worth $60bn+ on paper) to get a $6 billion margin loan. Banks turned it down due to concerns about the value of OpenAI stock. Banks clearly do not think OpenAI is worth $852 billion. www.tradingkey.com/analysis/sto...

Remember how Anthropic claimed Mythos was too dangerous to release? Well, here we go ... as @garymarcus.bsky.social rightly said 2 months ago, it's all about driving valuations -- and it's not the first time they've done it The revenge of Claude Mythos open.substack.com/pub/garymarc...

Any other expense request: let’s put this to a committee Ai budget request: 𝕨𝕠𝕦𝕝𝕕𝕤𝕥 𝕥𝕙𝕠𝕦 𝕝𝕚𝕜𝕖 𝕥𝕠 𝕝𝕚𝕧𝕖 𝕕𝕖𝕝𝕚𝕔𝕚𝕠𝕦𝕤𝕝𝕪

LOL!

So true, everything!

If enough other companies report the same, the bubble pops. 🫧 open.substack.com/pub/garymarc...

love it: "Token-based AI behaves more like giving every employee a corporate card connected to a furnace" The Token Meter Is Maxed, AI is Failing open.substack.com/pub/theaislo...

This is a truly preposterous assertion. SpaceX is perhaps one of the worst examples of ‘free market’ enterprise in modern times, as are all of Musk’s ventures. It only exists because of gargantuan subsidies from the US government, even despite continually missed deadlines and rampant fraud.

Uber’s COO has said that it’s getting “harder to justify” its AI costs because there was no way to show a link between AI spend and any meaningful increase in useful features. This is the first time I’ve seen a company say this directly. www.businessinsider.com/uber-coo-and...

To explain the significance of this, Anthropic moved enterprises to token-based billing in Q1 2026. This is at most four months of having to pay the true cost of their token burn and they’re already begging for mercy. AI has a revenue ceiling and an economic mismatch with its customer base.

Hey mark can you explain what you’re talking about? Like get specific about what you mean by AI and how it would help anyone “get an edge over private grocery stores.” Please be specific about what it would cost and how it would work.

We explain why this is so important to us here: 

This is because Parliament adopted ludicrous timelines for public submissions, did not consider 64% of the submissions and introduced a whole new chapter after the submissions period had closed.

We’re in the ConCourt this week seeking a declaration that the adoption of the Public Procurement Act was unconstitutional.

Today’s premium newsletter is part 1 of my "What If...We're In An AI Bubble?" series, covering the scenarios that could burst the bubble - starting with token-based billing's destruction of most AI products, and the slow collapse of data center construction. www.wheresyoured.at/premium-what...

Procurement is a big focus for amaB – we report on dodgy tenders, we advocate for better procurement systems, and now we’re challenging the passing of the Public Procurement Act. See our new video, which shows how all these strands interact. https://www.youtube.com/watch?v=4B1k6zYP298&t=2s

Excellent! open.substack.com/pub/theaislo...

friedrich merz hat zuletzt in mehreren interviews etc erklärt, dass er eigentlich nix falsch macht, aber vllt noch besser darin werden muss, sich zu erklären — und es ist fast schon lustig, wie sehr sich dieser text von 2021 bewahrheitet, wirklich in allen details www.spiegel.de/kultur/schol...

Does that mean the converse is true? I.e. Meta can access all other chats? 🙈

Free newsletter: Despite stories about gigawatts of capacity coming online, I've found that the vast majority of announced data centers have yet to be built, with many running far behind schedule. I now believe NVIDIA is warehousing at least a million GPUs. www.wheresyoured.at/where-are-al...

Brauchen wir die Ukraine mehr als sie uns braucht? Fragen zu den neuen militärischen Partnerschaftsprojekten an @wiegold.de www.zdfheute.de/video/heute-...

Pay for it? Pay for what? ... ohhh, that! Those are just details, hey #ScamAltman ?

Personal pet take: The best monocausal explanation of how we got from 1/6 to now is that Mitch McConnell didn't have the courage to put party before country just once and banish Donald Trump from elected office forever. bsky.app/profile/davi...

Andreessen is not as smart as he thinks (by far) but also not as dumb as this makes him appear. This also is a lot of his "trolly"/right-wing virtue signally spiel: "NO ETHICS" and all that. He's another adolescent boy who is not stuck in an old man's body who missed his opportunities to grow.

Premium Newsletter: OpenAI and Anthropic take up 70% of AI GPU compute capacity and make up 85% of all AI compute spend, with the slow pace of construction creating artificial constraints and the illusion of massive demand. www.wheresyoured.at/premium-the-ai-compute-demand-story-is-a-lie/

Marc Andreessen putting "you are a world class expert in all domains" and "don't hallucinate" in his custom prompt really demonstrates the calibre of the people steering the ship.

Free newsletter: The economics of AI don't make sense. Monthly subscriptions to AI services are scams that represent a product that is impossible for OpenAI and Anthropic to provide long term, and AI data centers are an economic disaster at scale. www.wheresyoured.at/ais-economics-dont-make-sense/

“A model that produces code which compiles and passes the tests it was given is not the same as a model that produces correct, secure, maintainable, well-architected software” open.substack.com/pub/garymarc...

🤦🏻‍♂️🤣🤣

Usually, when I get interviewed for a piece on something like "AI consciousness" I am relegated to the skeptics box --- some short paragraph near the end. So it is a nice change to see this piece by @hollybaxter.bsky.social Short 🧵>> www.the-independent.com/tech/ai-news...

What Scam and Wario and Leisure Suit Larry and Satya Nutella and all the rest of the AI grifters are pushing is not going to work -- hopefully! www.wheresyoured.at/ais-economic...

Never, really NEVER!!! let AI agents and systems get near your data ... or you! open.substack.com/pub/garymarc...

Never, and I mean NEVER!! let AI agents and frameworks get near your production systems! It will not end well for your systems, your data and you! x.com/lifeof_jer/s...

Quote of the day, from a friend who founded a software startup: "You can’t use an LLM in any context where being wrong is a problem."