In my book on Moore’s Law, first written in 2001, I have a long chapter about AT&T. Its theme is the destructive power of technology debt, combined with the idiocy of a monopolist. In the first edition of the book I wrote that Google was in the process of replacing AT&T. Over the next 20 […]
One of the great mysteries of 2024 is why the markets continue to rise going into the November 5 election. It doesn’t seem logical. Both candidates are telling voters to fear a future in which the other side wins. Yet business remains sanguine, the markets steady. The reason is simple, and since no network analyst […]
Moore’s Law creates deflation. Chips get faster, so computing costs less. This extends to everything computing touches. It extends to the components, to the use of software, and to every entity using software. We can all now do more with less. Huang’s Law is creating inflation. Each generation of Nvidia hardware costs more than what […]
Trump is a symptom of a global phenomenon. In 2024, when it’s obvious the world as we know it will end within this century unless everyone works together, the dominant political theme is nationalism. In every country, around the world, candidates who embrace the idea of raising drawbridges, sticking our fingers in our ears, and […]
AI optimists who are leading a trillion dollar arms race to replace the Internet got a big boost this week. Two of the three Nobel science prizes involved AI. Geoffrey Hinton (shown), a former Google executive who worked on the foundational machine learning principles behind today’s AI software, was a winner of the Physics prize. […]
The biggest untold story of the Trump Era is the role reversal of America’s two major parties. We’re used to seeing Democrats as the “liberal” party, and Republicans as “conservative.” But based on the stands taken by Republicans under Trump, that’s no longer the case. Today, Democrats are the conservatives on individual rights. Democrats are […]
For decades those in the Creative Class were lulled to sleep by the thought that they were partners in the places they worked at. One story of 2024 that has been under covered is how thoroughly that has changed. It’s not just the layoffs in tech that make a career programming in C++ look like […]
I was wrong. OpenAI got the money. The AI Crash has been delayed. Private investors put in $6.5 billion for about 5% of the company. The successful funding prevented an imminent bankruptcy. But bankruptcy is coming. These models don’t improve with scale. These costs don’t decline with scale. In so many ways, Huang’s Law turns […]
Since I lost my gig at InvestorPlace, I have lost my ability to research my beat. Every story I want to research is now behind a paywall. So is every valuable commentary. So is nearly all the data. This isn’t just bad for me. It’s bad for all investors. Most of us don’t have $1,000 […]
On top of everything else going on, AI is about to have its first market crash. OpenAI is seeking $6.5 billion of new investment based on a $150 billion valuation. The money’s not coming. Most of the executive team has quit and Sam Altman, who ran them all out in the course of turning OpenAI […]
