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 […]

An investor told me recently he wants to back Trump because it will be good for “energy” stocks. Trump has said he will open publicly owned land around the country to drilling. Harris opposed fracking in the past, but now says she’s more supportive. Beyond climate change, and even beyond the destruction of water tables […]

Links are the lifeblood of the Web. Killing them means killing the Web. Cloud Czars are killing them anyway. One fourth of the links created during the last decade are now broken. This makes the Web useless as a source for research or in use as footnotes. Current Affairs magazine calls the result “gated knowledge.”  […]

“The Sun shines. The wind blows. The tides roll. And we live on a molten rock.” I started using this as the headline for this blog 15 years ago. At the time, solar and wind power cost much more money to produce than electricity from coal or natural gas. That has changed. But what has […]

Everyone is talking about Andy Jassy’s “Return to Office” demand in terms of employees and morale. The real story is more prosaic, a cash crunch hitting all the Cloud Czars. You know who they are. Amazon.com, Alphabet, Microsoft, Apple, and Meta. They invested their cash flow to build today’s cloud infrastructure. As a result, they […]

Last week, Nvidia CEO Jensen Huang gave us our first Clue that the current boom in Generative AI and data centers may have peaked. Nvidia’s data center sales have been doubling for years now. During the most recent quarter they came to $26.2 billion.  But that doesn’t mean they will be $60 billion in next […]