Robbie Whelan and I did a piece today on the AI bubble (?) Increasingly loud echoes of dotcom fiber boom-turned-bust www.wsj.com/tech/ai/ai-b...

holy octopus www.thetimes.com/life-style/f...

"Spokespeople for both City Hall and the city’s Transportation Department directed questions to the New York Police Department, which in turn told The Wall Street Journal to ask City Hall." www.wsj.com/lifestyle/ne...

👏

UK press staple: Politician 'refuses to rule out' x

Oracle CEO on investor call: "Stargate is not formed yet"

Musk is out (or so he says). But the DOGE mindset remains, evident in gutted agencies and a demoralized workforce. “Nobody else in the world is doing this kind of thing. And it’s basically going to get shelved.” www.bloomberg.com/news/article...

Elon Musk wasn't happy about Stargate UAE. On a call w/ G42, Musk warned those assembled: Their plan had no chance of Trump signing off on it unless his company xAI was included in the deal. Scoop w/ @eliotwb.bsky.social + Josh Dawsey www.wsj.com/tech/elon-mu...

San Francisco is so dea... www.wsj.com/articles/aus...

Until I start my new job, I will be pursuing my hobby of removing feral honey bee colonies from people’s homes on a semi-pro basis. I hope to post a lot of bee-related content, mostly on LinkedIn, because I think that would be funny. This is my new business venture. I will be making T-Shirts.

my piece on UAE's Trumpian charm offensive to win access to AI chips It worked well www.wsj.com/tech/how-gul...

Our piece on Trump Inc racking up deals with Middle East government ties as Trump heads to the Gulf to do policy www.wsj.com/world/middle...

😭

Here's our super cool podcast on Neom from the Journal Part two: THE EMPEROR'S NEW CLOTHES Find within: -screaming executives -a giant hole in a mountain -trillions in budget overruns -financial manipulation www.wsj.com/podcasts/the...

How is the CoreWeave IPO going?

“A data centre field of dreams, or the WeWork of the AI bubble?” @bryce.lol just put out 3,000 words of searing analysis on CoreWeave for FT Alphaville. If you are thinking of committing money this IPO, it’s essential reading. Even if you’re not, it’s bloody brilliant. on.ft.com/3Y3Oo2M

The anticipated cost of the Neom gigaproject in Northwest Saudi Arabia have exploded from the original $500bn (£386bn) estimate to $8.8 trillion (£6.8 trillion) Full story:

My story on Neom Inside: a $45 M party w/ Alicia Keys, a $8.8 T capex estimate, an internal audit alleging "financial manipulation" by top executives, $130 M of McKinsey fees in a year, and the chandelier, an ornamental 30-story tower hanging upside down www.wsj.com/finance/saud...

At a cost of more than $50 billion, the Saudi crown prince’s sci-fi-inspired dreams for his Neom metropolis—including the Line, a pair of 106-mile-long Empire State Building-height skyscrapers—have collided with reality

Is hacksaw really the best analogy from the WH press corps?

A large number of fantastic journalists in WSJ's tech buro were sadly laid off yesterday. Happy to vouch for them if anyone is hiring.

"telecom Capex was approximately $120 b in 2000 dollars, or ~$213 b in today’s dollars. This is one of the largest bases of capital ever built in such a short amount of time, and this capacity led to a glut in fiber that took almost a decade to backfill." www.fabricatedknowledge.com/p/lessons-fr...

"The result was a technological breakthrough that brought the explosive growth of the internet—and an air of irrational exuberance that brought economic tumult." internethistory.org/wp-content/u...

SoftBank-backed fish (?) startup that misrepresented its financials: "In essence, eFishery was “operating like a traditional trading business without technology,” the presentation said, " www.bloomberg.com/news/article...

"That means southern England had experienced just over 1.5 hours of sunshine each day on average in 72 days of winter." www.standard.co.uk/news/london/...

Very well reported story www.wsj.com/politics/ele...

Market to SoftBank: Why are you going all-in on OpenAI? SoftBank:

Sam Altman on 9-day-old AI agent “My vibes-based estimate is that it does about 5 per cent of all tasks in the economy today,” Altman said. www.thetimes.com/business-mon...

Hardly new info, but BSky should know: Warsaw's water quality is monitored by eight clams with magnets attached to their shells. If contamination in the water causes the clams to close, the magnets trigger an alarm and shut off the city's water supply. Thank you, little guardian molluscs. 🧪🌏🚰

"Trump's newly appointed AG Pam Bondi sent out an email announcing the immediate closure of the DOJ's Kleptocracy Initiative... responsible for making life difficult for the world's most creative accountants and their politically-connected clients." whalehunting.projectbrazen.com/breaking-chr...

Rude way to refer to New Jersey www.ft.com/content/da95...

US business, 2025 Tesla's "financial performance and Bloomberg consensus for revenue, margin, earnings, and cash flow all keep coming down, but analyst price targets and the company’s share price keep going up." - JPM analyst www.ft.com/content/9cc3...

SoftBank's Masa Son built one of the world's largest homes, a French Baroque palace lined by stone statues of Roman emperors and surrounded by an 18-hole golf course www.wsj.com/tech/ai/open...

Slow and steady... Industrious, coworking built in the shadow of WeWork, sells to CBRE in $800 M deal www.wsj.com/real-estate/...

wild detail www.wsj.com/tech/social-...

"no potential invader causes more concern than the venomous, candy-striped lionfish." www.nytimes.com/2025/01/07/c...

VCs to founders w/ failed startups in the US: we'll back you in another startup VCs in China: Give us our money back www.ft.com/content/38f1...

lol www.wsj.com/lifestyle/ca...

Unexpected consequence of the VC-aided scooter boom www.wsj.com/world/russia...

Masa pledged $100 B to the US Left unsaid: Masa doesn't have $100 B www.wsj.com/finance/soft...

“This is the guy who imprisoned me and his shadowy secret organization” is a pretty badass piece of reportage

Evan Gershkovich with his first WSJ byline since prison It's a banger. And brave. and a good read. www.wsj.com/world/russia...

""From WeWork I learned two things: to choose my business partners better and to understand who my friends are," Adam Neumann, founder and partner in WeWork and Flow, confessed in a special address to the Globes Business Conference" en.globes.co.il/en/article-a...