Posts Tagged ‘OpenAI’

When The AI Bubble Bursts, What Happens To The Secondary Bubbles?

Tuesday, October 28th, 2025

Having been out of work for a while, people ask me if I’ve been displaced by AI. My reply is “Not directly.” Indirectly, I think the factor is that just about all venture capital funds are throwing money at AI-related companies, meaning non-AI startups that might need technical writers aren’t being funded.

Having lived through the dotcom bust, I have to wonder how bad the fallout from the AI bubble bursting is going to be. The dotcom bubble wasn’t all beenz and pets.com…

…and it fueled a whole lot of subsidiary bubbles: PC and server manufacturers to run the software, Microsoft to run the PCs, semiconductor manufacturers to provide chips for the PCs and servers, semiconductor equipment manufacturers to build those same chips, network gear providers to connect the data centers, etc. And that only scratches the surface. Cisco, Dell, Compaq, Netscape, Yahoo, AOL, Oracle, Sun, HP, Intel, AMD, Applied Materials (where I worked 1997-2001), LAM Research, KLA-Tencor, all had huge growth spurts during the dotcom era as their customers spent big money to get “on the web.” Even dinosaurs like IBM, Motorola and DEC enjoyed business boosts from the era. All suffered in the wake of the dotcom bust, some being bought up or disappearing into other companies.

The same is true of today’s multi-trillion dollar AI boom. Companies like OpenAI may get the most ink, but a whole lot of other companies are getting boosted as well. Some of the names are even the same as the dotcom bubble: Microsoft, Oracle, AMD. Applied Material stock has gone through the roof now that I don’t own any. Cisco is just getting back to the level of their record stock highs during the dotcom era.

Data centers are supposedly planned or going up all around the country, and so many are buying Nvidia’s AI chips that they now boast a breathtaking $4.88 trillion market cap.

Someone is supposedly going to build a $165 billion data center in New Mexico near El Paso. That number is kind of insane, as you could build 5-10 cutting edge fabs for that kind of money. I don’t see how you get any sort of ROI on such a big upfront investment.

Nuclear power is also seems to be enjoying a long-overdue renaissance due to AI, as a lot of companies think it’s just the thing to power those AI data centers. Google plans to restart an Iowa nuclear plant. Fermi America just announced “plans to build a ‘first-of-its-kind behind-the-meter HyperGrid campus‘ back in July, and now it has signed deals to begin the engineering of four nuclear reactors” in Amarillo. (Former Texas Governor and Energy Secretary Rick Perry is also involved.) And the Trump Administration just announced a contract to support Westinghouse’s nuclear power initiatives, though the “aggregate investment value of at least $80 billion” is not the same as some of the “Trump is subsidizing nuclear power with $80 billion” headlines.

When the AI bubble busts (not if, when), a whole lot of these projects will likely come a cropper. A lot of people will have made a lot of money, AI will probably revolutionize a few industries and prove mostly hype in others, and retail investors and bondholders will be left holding the bag. Like the doctom bust, a lot of new companies will rise from the wreckage and start the cycle all over again.

And companies that can best take advantage of idle data centers and newly abundant nuclear power (assuming the boom even lasts that long) will be the ones poised to help build the next tech boom…

LinkSwarm For September 26, 2025

Friday, September 26th, 2025

A whole lot of despicable Democrats voted against remembering Charlie Kirk and denouncing political violence, a whole bunch of lefties are still lying about Kirk, Comey indicted, President Trump officially backs a complete Ukraine victory, a new American stealth fighter enters production, two murderous lefty scumbags die, and an infamous thirty-four year old Austin murder mystery is solved.

It’s the Friday LinkSwarm!

  • Democrats cast 58 “noes” on simple vote to honor Charlie Kirk’s life, condemn his assassination.” They couldn’t even do that.
  • Here’s the list of shame.

    Democrats who voted against:

    • Gabe Amo of Rhode Island
    • Joyce Beatty of Ohio
    • Wesley Bell of Missouri
    • Sanford Bishop Jr. of Georgia
    • Shontel Brown of Ohio
    • Andre Carson of Indiana
    • Troy Carter of Louisiana
    • Sheila Cherfilus-McCormick of Florida
    • Yvette Clarke of New York
    • Emanuel Cleaver of Missouri
    • Jim Clyburn of South Carolina
    • Jasmine Crockett of Texas
    • Danny Davis of Illinois
    • Veronica Escobar of Texas
    • Adriano Espaillat of New York
    • Cleo Fields of Louisiana
    • Shomari Figures of Alabama
    • Valerie Foushee of North Carolina
    • Maxwell Frost of Florida
    • Sylvia Garcia of Texas
    • Al Green of Texas
    • Jimmy Gomez of California
    • Jahana Hayes of Connecticut
    • Steven Horsford of Nevada
    • Glenn Ivey of Maryland
    • Jonathan Jackson of Illinois
    • Pramila Jayapal of Washington
    • Hank Johnson Jr. of Georgia
    • Sydney Kamlager-Dove of California
    • Robin Kelly of Illinois
    • Raja Krishnamoorthi of Illinois
    • Summer Lee of Pennsylvania
    • Lucy McBath of Georgia
    • LaMonica McIver of New Jersey
    • Robert Menendez of New Jersey
    • Kweisi Mfume of Maryland
    • Gwen Moore of Wisconsin
    • Seth Moulton of Massachusetts
    • Alexandria Ocasio-Cortez of New York
    • Ilhan Omar of Minnesota
    • Ayanna Pressley of Massachusetts
    • Mike Quigley of Illinois
    • Delia Ramirez of Illinois
    • Emily Randall of Washington
    • Robert Scott of Virginia
    • Terri Sewell of Alabama
    • Lateefah Simon of California
    • Marilyn Strickland of Washington
    • Emilia Strong Sykes of Ohio
    • Shri Thanedar of Michigan
    • Bennie Thompson of Mississippi
    • Rashida Tlaib of Michigan
    • Lauren Underwood of Illinois
    • Nydia Velazquez of New York
    • Maxine Waters of California
    • Bonnie Watson Coleman of New Jersey
    • Nikema Williams of Georgia
    • Frederica Wilson of Florida

    Democrats who voted “present”

    • Alma Adams of North Carolina
    • Donald Beyer Jr. of Virginia
    • Suzanne Bonamici of Oregon
    • Julia Brownley of California
    • Janelle Bynum of Oregon
    • Salud Carbajal of California
    • Greg Casar of Texas
    • Diana DeGette of Colorado
    • Mark DeSaulnier of California
    • Maxine Dexter of Oregon
    • Lloyd Doggett of Texas
    • Dwight Evans of Pennsylvania
    • Lois Frankel of Florida
    • Laura Friedman of California
    • John Garamendi of California
    • Daniel Goldman of New York
    • Maggie Goodlander of New Hampshire
    • Val Hoyle of Oregon
    • Sara Jacobs of California
    • Julie Johnson of Texas
    • Timothy Kennedy of New York
    • Ro Khanna of California
    • Doris Matsui of California
    • Jennifer McClellan of Virginia
    • Grace Meng of New York
    • Brittany Pettersen of Colorado
    • Chellie Pingree of Maine
    • Mark Pocan of Wisconsin
    • Andrea Salinas of Oregon
    • Linda Sanchez of California
    • Mary Gay Scanlon of Pennsylvania
    • Brad Sherman of California
    • Suhas Subramanyam of Virginia
    • Mike Thompson of California
    • Jill Tokuda of Hawaii
    • Paul Tonko of New York
    • Gabe Vasquez of New Mexico
    • James Walkinshaw of Virginia

    Democrats who did not vote:

    • Nanette Diaz Barragan of California
    • Sean Casten of Illinois
    • Kathy Castor of Florida
    • Joaquin Castro of Texas
    • Steve Cohen of Tennessee
    • Herbert Conaway Jr. of New Jersey
    • Robert Garcia of California
    • Jesus Garcia of Illinois
    • George Latimer of New York
    • Teresa Leger Fernandez of New Mexico
    • Kevin Mullin of California
    • Joe Neguse of Colorado
    • Donald Norcross of New Jersey
    • Nancy Pelosi of California
    • Raul Ruiz of California
    • Janice Schakowsky of Illinois
    • Melanie Stansbury of New Mexico
    • Eric Swalwell of California
    • Norma Torres of California
    • Ritchie Torres of New York
    • Marc Veasey of Texas
    • Eugene Vindman of Virginia

    Name and shame…

  • “The ‘Study’ You’re Citing About Right-Wing Violence Is Full Of Fake Data.”

    After Charlie Kirk was assassinated last week, conservatives noted that most political violence comes from the left. The left bristles at this fact and has responded by dramatically padding the numbers to pretend the reverse is true.

    Consider a Sept. 12 piece from The Economist claiming, “extremists on both left and right commit violence, although more incidents appear to come from right-leaning attackers.”

    Right up front, the piece admits it used data “largely compiled by researchers whom sceptical (sic) conservatives would probably dismiss as biased.” The disclaimer is meant to inoculate The Economist’s audience to its sloppy reporting, as if challenges from conservatives will somehow prove The Economist’s accuracy.

    Yes, readers should be beyond skeptical of the source in that piece, The Prosecution Project. Its website claims to “track[] and provid[e] analysis of felony criminal cases involving illegal political violence, terrorism, and extremism occurring in the United States since 1990.”

    The founder and executive director of the Prosecution Project is Michael Loadenthal, although the links naming the website’s leadership were broken Friday, meaning no names were visible. Google had not yet scrubbed Loadenthal’s name from searches.

    Loadenthal is an “openly anarchist Antifa-affiliated … researcher at the University of Cincinnati who, by his own admission, is a far-left violent extremist,” The Federalist reported in 2023.

    So we have an Antifa-connected researcher with rabid bias against the right, held out as an expert on deciding who is extreme. It is like using a vegetarian to define which meat eaters are the most humane — none of them, says the vegetarian.

    The Prosecution Project lists January 2024 charges against John Reardon of Massachusetts, who made antisemitic threats against synagogues and the Israeli Consulate. It notes, “Influenced by events in Gaza, he also said, ‘you do realize that by supporting genocide that means it’s ok for people to commit genocide against you.’” The Department of Justice never identified Reardon’s political affiliation, but The Prosecution Project’s own account seems to indicate he was a pro-Palestine fanatic, a cause typically associated with Democrats. Yet The Prosecution Project identifies Reardon’s crimes as “rightist” because they’re “identity-focused.”

    The group also lists 2022 Freedom of Access to Clinic Entrances Act charges against Edmee Chavannes — even though “Chavannes was found not guilty.”

    The Prosecution Project even includes the posting of racist stickers in its tracker, as if that’s comparable to terrorism or violence. One wonders if the group will treat Democrats’ desecration of Charlie Kirk memorials with the same seriousness.

    Most crimes involving race or abortion businesses are blamed on the right in the data, with nothing to back up those claims. Yet these issues and others often cross over to the left. The Federalist has reported on the progressive anti-abortion movement, for example, and the left’s Marxist oppressor-versus-oppressed framework is manifestly racist.

    Comb through the ridiculous data on The Prosecution Project’s website, and you will soon conclude it is worthless to everyone except leftist propagandists trying to downplay Charlie Kirk’s murder and flip the blame for violence in the U.S. to the right.

    Similarly, a biased “study” by Alex Nowrasteh at the Cato Institute was debunked this week by Amber Duke at The Daily Caller.

    Nowrasteh claims politically motivated violence is rare in the U.S., but that when it happens, “right-wing terrorists” are more often to blame than the left — that is, when you exclude the terrorists who killed 2,977 victims on Sept. 11, 2001, and exclude injuries, property damage, and people who were not killed. Thus, his criteria exclude the two assassination attempts on President Donald Trump, for example. Additionally, Duke found that some of the crimes Nowrasteh blamed on the right were at best questionable and at worst downright wrong.

    Duke pointed to another lopsided study by the Anti-Defamation League, which also claims the right is to blame for increased political violence. Ryan James Girdusky unpacked those magic numbers and noted glaring omissions. For example, the ADL left the murder of United Healthcare CEO Brian Thompson out of its study.

    (Hat tip: Director Blue.)

  • How the fact-free conspiracy theory about Charlie Kirk’s assassin being a right-winger magically spread around the world.

    Despite the evidence all pointing to Kirk’s killer being on the left wing of the ideological spectrum, the conspiracy theory about a right-wing shooter was pushed by a host of Democratic members of Congress, high-profile left-wing activists, liberal social media influencers, and more.

    The most common evidence-free claim on the left has been that the shooter was a follower of far right influencer Nick Fuentes.

    Lot’s more quotes from various lefty idiots asserting this connection without proof at the link.

  • More from Jeffrey Blehar:

    As each new detail trickled out, and the killer’s transgender associations became clearer and clearer, the hysterical spin and assertions of blunt unreality mounted. Cynical pros began inserting outright lies into the mix, as partisan myrmidons took up their work and used it in desperate, craven attempts to either spin facts in ridiculous ways (“his parents are Republicans!”) or simply pretend the facts weren’t “facts” at all. All of it was done with the intent of trying to will into existence — through the spread of fear, uncertainty, and doubt — an alternate narrative whose intended moral calculus amounted to, in so many words, Charlie Kirk was killed by his own team, and this is actually your fault.

    So, no, I’m not about to move on just yet.

    I could understand a certain amount of denialism at first, because I understand human nature. For those on the left who treat politics like a substitute religion — an increasing number of people in our irreligious age — this moment has been akin to seeing several of the central tenets of your faith publicly refuted. The revelation of the identity of the alleged shooter and the reports about his beliefs were arguably the worst possible scenario for the sorts of loud Democratic types who are deeply invested in the idea of the MAGA right as America’s true fever-swamp of hatred and violence.

    I can understand ignorance as well, because I depend on documenting it for a job — the Carnival of Fools would have to fold up its tent without it. In the days before the suspect was caught, it was natural that desperate progressives who get their news from left-wing authorities would use that span of time — when the killer was still at large — to conjure their own arcane interpretive theories in defiance of the known evidence. I feel inevitable disgust at these sad attempts at spin — I know who publicly celebrated the attack on Kirk, after all, and it wasn’t anyone on my side — but again, it was expected.

    But I can’t understand any of this after Tyler Robinson was caught on Friday morning. At that point, mere ignorance and wish-casting turned into an active disinformation campaign, and it was particularly appalling to see from people whose civic responsibility it is to know better. To take one example, how about the repellent Eric Swalwell? On Friday afternoon, in an audaciously sleazy bit of “partial storytelling,” the California congressman tweeted: “It doesn’t matter that Kirk’s killer was a straight white male. Or that he was from a Republican family that voted for Donald Trump. Violence has NEVER been the answer.”

    If he thought this was a cute joke, he’s a moral reprobate. If he thought it was an effective deceit, he’s also a moral reprobate. I think it is thus fair to conclude that he’s a moral reprobate. The jury’s still out on his fellow California Democratic congressman Dave Min, however, who may simply be stupid. Min said on Saturday: “Now that the Charlie Kirk assassin has been identified as MAGA, I’m sure Donald Trump, Elon Musk and all the insane GOP politicians who called for retribution against the ‘RADICAL LEFT’ will now shift their focus to stopping the toxic violence of the RADICAL RIGHT.” (As it turns out, Dave? No, we won’t!)

    How about Harvard Law professor — and Joe Biden legal adviser — Laurence Tribe? Tribe announced on Twitter that the killer “seems to have been ultra-MAGA, exploding the GOP/MAGA attempt to pin the blame for this tragedy on liberals.” (How he got that idea is anybody’s guess.) Later, he deleted the tweet and posted a non-apology accusing the right of “making things up” by associating the killer with transgender or left-wing causes. I can only tell you that once upon a time he had a fine legal mind.

    I certainly can’t say the same for Heather Cox Richardson, the world’s most-followed Substacker. Richardson is a Temu Tribe, an oracle of the complacently progressive academic establishment, and demonstrated it once again by going on a podcast on Friday to claim that the killer was a “right-winger” and all those outraged conservatives online were now retreating “in a real hurry.” (Lest you think that was an error born of speaking off the cuff, Richardson put it in writing as well.)

    Now that the gaslighting has become impossible to sustain, the left has moved on to its last line of defense: “Let’s not bicker and argue about who killed whom.” It will be a long time before I forget the five days I have just spent being gaslighted both by political operators as well as people who remain transparently in denial. I expected better of them. I held them only to the standards that I hold myself. It was a mistake.

  • “Trump golf club gunman [Ryan Routh] found guilty after assassination attempt; tries to stab self in court.” The left is sending us an endless parade of violent lunatics and losers.
  • Biden Autopen scandal deepens.

    One of former President Joe Biden’s top aides – Jeff Zients, told the House Oversight Committee on Thursday that an aide with his email credentials was green lighting some of the most controversial ‘autopen’ pardons, that Hunter Biden – who received an insane pardon himself – was involved in the pardon discussions, and that Joe Biden’s brain was pea soup.

    According to Axios, Zients – one of the highest ranking officials from the Biden White House – confirmed that Joe Biden had difficulty remembering dates and names, and often required extra briefings to make decisions during the final years of his presidency.

    Instead of having three meetings before making a decision, for example, Biden would want four.

    Zients said Biden had long had trouble with names and dates, but acknowledged to investigators that the president’s memory of such facts got worse in the final years of his term.

    Jill Biden, meanwhile, spoke with Zients about ‘managing Joe’ as Zients was readying himself to take on the role of Chief of Staff in early 2023 – urging him to adjust Biden’s schedule so he could get more rest and return to the White House residence earlier in the evening.

    Longtime Biden aide and deputy CoS Annie Tomasini also spoke with Zients about limiting Biden’s schedule and shortening distances and stairs.

    According to Fox News, Zients “admitted that President Biden’s speech stumbles increased as he aged,” adding “He also noted that the president’s difficulty remembering dates and names worsened over time, including during the administration.”

    Also interesting – Zients told investigators that Hunter Biden was involved in discussions about presidential pardons towards the end of Biden’s term, which included the blanket pardons of several members of the Biden family issued during Joe’s final 24 hours in office. It had been previously reported by NBC News that Hunter was sitting in on White House meetings following the former president’s horrible performance during a June 2024 debate against Donald Trump.

  • And just like that millions of lefty sorts who piously sand “No one’s above the law!” for the ginned-up Trump indictments all automatically switched to “This is a dangerous precedent!” when it comes to indicting James Comey.

    Former FBI Director James Comey has been indicted on criminal charges related to allegations that he lied to Congress during testimony in 2020 about whether he authorized a leak of information.

    Comey is facing one count of false statements and one count of obstruction of justice, according to a release from the Department of Justice.

    “No one is above the law. Today’s indictment reflects this Department of Justice’s commitment to holding those who abuse positions of power accountable for misleading the American people. We will follow the facts in this case,” Attorney General Pam Bondi said in a statement.

    President Trump reacted gleefully to the indictment in a statement shared to Truth Social.

    “JUSTICE IN AMERICA! One of the worst human beings this Country has ever been exposed to is James Comey, the former Corrupt Head of the FBI.”

    “Today he was indicted by a Grand Jury on two felony counts for various illegal and unlawful acts. He has been so bad for our Country, for so long, and is now at the beginning of being held responsible for his crimes against our Nation. MAKE AMERICA GREAT AGAIN!”

    Comey’s indictment in Virginia federal court comes just days before the statute of limitations for the perjury charge was set to run out. The charges come five years after Comey testified on September 30, 2020, before the Senate Judiciary Committee that he never authorized anyone at the FBI to leak information to the press related to the investigations of either possible collusion between Trump and Russia or Hillary Clinton’s use of an unauthorized email system.

    During the hearing, Senator Ted Cruz (R., Texas) asked Comey whether he had authorized leaks related to either investigation. Comey reiterated what he said in 2017 congressional testimony, that he had not.

    Cruz argued that former FBI Deputy Director Andrew McCabe had said Comey authorized at least one such disclosure, related to the Clinton investigation. But the Justice Department inspector general found in 2018 that McCabe had “lacked candor when he told Comey, or made statements that led Comey to believe, that McCabe had not authorized the disclosure and did not know who did.”

    The charges also center in part on an October 2016 New York Times report, “Investigating Donald Trump, F.B.I. Sees No Clear Link to Russia.”

    The Times article was in response to reporting in Slate that Trump had established a communications back channel with the Kremlin, involving servers at Trump Tower in Manhattan and Alfa Bank, one of Russia’s largest financial institutions.

    Hours after the Slate article was published, the Times report related the FBI’s conclusion that the back-channel claim was unfounded. The report also detailed that the bureau’s counterintelligence investigation of Russia’s malign activities in connection with the 2016 campaign were not linked to Trump and his campaign.

    Special counsel John Durham probed the leaks to the Times in connection with the story as an unauthorized public disclosure (UPD) of classified information.

    The February 2020 closing memorandum for the probe, obtained by veteran journalist Catherine Herridge, found there were two major government sources for the story: James Baker, FBI general counsel and a close adviser to Comey, and FBI Chief of Staff James Rybicki. Baker told investigators that he was “under the belief” that he was “ultimately instructed and authorized to [provide information to the Times] by then FBI Director James Comey.”

    However, Baker did not claim that Comey gave him a direct order. “Baker indicated that FBI Chief of Staff James Rybicki instructed him (Baker) to disclose the information to the NYT, and Baker understood Rybicki was conveying this instruction and authorization from Comey.”

  • The Antifa left are stepping up their insurrection against American law enforcement. “Shooting at Dallas ICE Facility Leaves Detainees and Suspect Dead.”

    A Dallas U.S. Immigration and Customs Enforcement (ICE) facility was the target of a shooting Wednesday morning that left two detainees dead, one person injured, and the suspect committing suicide at the scene.

    According to the Dallas Police Department, law enforcement responded to a call at a Dallas ICE facility after reports that someone had opened fire from an adjacent building.

    Two detainees were pronounced dead, with another being rushed to the hospital in critical condition with a gunshot injury.

    The suspected shooter, a white male armed with a rifle on a roof, died by suicide as agents approached, FOX4 Dallas reported.

    ICE Acting Director Todd Lyons spoke to CNN about the shooting as the event unfolded, saying that the scene is secure and the shooter is “down from a self-inflicted gunshot wound.”

    Bullets found had anti-ICE slogans written on them.

  • Stephen Green has some some official Antifa guidelines for engaging in a criminal conspiracy to thwart federal law enforcement through violence and intimidation.
  • Why people who kept freaking out at Trump negotiating with Putin shouldn’t have. “Trump Says Ukraine Can Win Back All of Its Territory from Russia.”

    President Donald Trump declared his belief Tuesday that Ukraine can win its war against Russia outright, an extraordinary shift in tone with significant ramifications for U.S. policy.

    Trump shared his views on Truth Social after meeting with Ukrainian President Volodymyr Zelensky at the United Nations General Assembly in New York City.

    “I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form. With time, patience, and the financial support of Europe and, in particular, NATO, the original Borders from where this War started, is very much an option,” Trump said.

    Trump’s position is a 180-degree shift from his longstanding view that Ukraine would have to cede territory to Russia as a condition for ending the war. Moscow holds roughly a fifth of Ukraine’s territory after invading its neighbor three-and-a-half years ago. Russian forces have slowly made gains along the eastern part of Ukraine in what has become a grueling war of attrition with hundreds of thousands of estimated casualties.

    Trump argued Russia is a “paper tiger” and suggested Russian people were not aware of the damage Russian President Vladimir Putin has done to their nation. He also praised the “Great Spirit” of Ukraine and said Ukraine could “maybe even go further” than reclaiming its original territory. Trump’s comments are a stark contrast from his past statements that argued Russia was winning the war and likened Zelensky to a dictator.

    Trump promised the U.S. would keep sending weapons to NATO for the alliance to use in the way it sees fit. His comments will likely prompt a furious response from Putin and Russian forces in Ukraine. It also remains to be seen how Trump’s restraint-oriented cabinet members and political allies react to his unexpected shift.

    As previously observed, Trump’s negotiating strategy works on persuasion and tit-for-tat strategies. Zelensky, after some early stumbles, is finally fully onboard with Trump, while Putin hasn’t offered anything in return to Trump’s overtures. That means that Zelensky gets all the carrots, and Putin gets all the sticks. Golly, who could have seen that one coming except everyone who’s actually watched Trump operate for the last ten years who isn’t suffering from Trump Derangement Syndrome?

  • Ukraine launched another big drone strike, this one on the Saratov oil refinery in Bryanskaya Ulitsa, Saratov Oblast, the third time they’ve hit it since August.
  • They also hit the Afipsky oil refinery in Krasnodar again. Plus more reports of gas shortages across Russia.
  • Their marine drones hit an oil loading pier at Tuapse in Krasnodar.
  • Secretary of War Pete Hesgeth has summoned 800 generals and admirals from around the world to Washington D.C. without telling them what for. They’re going to be pretty surprised when he announces that he’s brought all of them there to talk about Amway…
  • Russia just flew a wave of drones over Denmark.
  • “Gunman yelling “Free Palestine!” opens fire at New Hampshire country club.”

    23-year-old Hunter Nadeau was arrested on scene for shooting multiple victims at the Sky Meadow Country Club in Nashau, New Hampshire, Saturday night. A 59-year-old named Robert DeCesare was killed in front of his family. At least two others were injured.

    Tom Bartelson of Pepperell, Massachusetts, is the witness in the video above. He was at his nephew’s wedding in a private room of the club when the gunman entered the building dressed in all black. The shooter yelled, “The children are safe!” and “Free Palestine!” before killing DeCesare. He then moved into the club restaurant and opened fire again.

    Funny no matter what the leftwing cause, the solution seems to be murdering American citizens.

  • Another month, another #BlackLivesMatter bigwig using donations to fund her lavish lifestyle.

    A once-celebrated Boston social activist has pleaded guilty to defrauding donors — including Black Lives Matter — out of thousands of dollars that she used as a personal piggy bank.

    Monica Cannon-Grant, 44, pleaded guilty Monday to 18 counts of fraud-related crimes that she committed with her late husband while operating their Violence in Boston (VIB) activists group, according to the US Attorney’s Office in Massachusetts.

    The activist scammed money — including $3,000 from a BLM group — while claiming it was to help feed children and run protests like one in 2020 over the murder of George Floyd and police violence.

    Cannon-Grant also conned her way into getting $100,000 in federal pandemic-related unemployment benefits — which she used to pay off her personal auto loan and car insurance policy.

    But she has now confessed to transferring funds to personal bank accounts to pay for rent, shopping sprees, delivery meals, visits to a nail salon — and even a summer vacation to Maryland.

    (Previously.) (Hat tip: Dwight.)

  • Self-Replicating Worm Hits 180+ Software Packages.

    At least 187 code packages made available through the JavaScript repository NPM have been infected with a self-replicating worm that steals credentials from developers and publishes those secrets on GitHub, experts warn. The malware, which briefly infected multiple code packages from the security vendor CrowdStrike, steals and publishes even more credentials every time an infected package is installed.

    You may remember Crowdstrike from such hits as “we helped Hillary Clinton illegally erase her secret email server.”

  • Speaking of technology running amok: “OpenAI admits AI hallucinations are mathematically inevitable, not just engineering flaws.” That sounds like the sort6 of cruel fact that should throw a kink in all of these AI company’s getting trillion dollar valuations but somehow won’t.
  • In California, 13 year old boy killed by sex-abusing, illegal alien soccer coach. The family of boy is “suing Los Angeles County and the City of Los Angeles for failing to perform a background check on the coach.”
  • Turns out that when conservatives said they were being unfairly censored due to Biden Administration pressure, they were right all along. “YouTube Lifts Ban on Censored Creators, Admits Biden Admin Pressure Was ‘Unacceptable.'”

    Google is making major changes to YouTube’s free speech policies following pressure from House Republicans and shifts among its top competitors.

    In a letter to House Judiciary Committee chairman Jim Jordan (R., Ohio), an attorney for Alphabet, Google and YouTube’s parent company, announced a series of changes to YouTube’s approach to free speech, including the return of banned creators to the platform and the implementation of a community notes system to replace third-party fact-checkers.

    YouTube is rolling back its restrictive policies surrounding political speech, especially the Covid-19 pandemic and elections. The video platform said its reliance on public health authorities was well intentioned, but expressed regret at its impact on public debate on issues that were far from settled.

    More broadly, YouTube admitted senior Biden administration officials conducted extensive outreach to YouTube to influence its approach to “misinformation” and Covid-19 content that did not violate YouTube’s policies.

    “Senior Biden Administration officials, including White House officials, conducted repeated and sustained outreach to Alphabet and pressed the Company regarding certain user-generated content related to the COVID-19 pandemic that did not violate its policies,” the letter reads.

    While YouTube independently enforced its policies, Biden officials “continued to press the Company” to remove content that did not violate the platform’s policies. The letter calls out Biden and other administration officials for creating a “political atmosphere that sought to influence the actions of platforms” under the guise of “misinformation.”

  • “Trump to Sign Off on TikTok Deal with Majority American Investors, ‘Retrained’ Algorithm.”

    President Donald Trump is expected to sign an executive order later this week declaring that an emerging deal involving the video-sharing app TikTok meets American security needs and constitutes a qualified divestiture under U.S. law, according to people familiar with the matter.

    Under the deal, American tech company Oracle will serve as the app’s security provider, which will independently monitor the source code of the app as well as study how a U.S.-controlled copy of the TikTok content recommendation algorithm operates and interacts with phone features and updates.

    Oracle will be required to “retrain” a leased duplicate TikTok algorithm…

    So it will not necessarily be a Chinese spyware app any more, but will still be malware for your brain…

  • Good news from the border! “Texas, Southwest Region See ‘Historically Low’ Southern Border Apprehensions in August.”
  • Less good news from the border: “Shrinking Resources Cast New Doubt on Operation Lone Star Prosecutions.”

    Texas’ border jurisdictions are scrambling to manage thousands of pending Operation Lone Star cases after key state partners abruptly pulled out, leaving local officials to coordinate housing and transportation for defendants.

    Kinney County Attorney Brent Smith told Texas Scorecard the Texas Department of Criminal Justice (TDCJ) and the Texas Division of Emergency Management (TDEM), both of which helped provide housing for illegal crossers arrested under the border security initiative, are no longer handling those responsibilities.

    The Del Rio Processing Center is reportedly shutting down, along with Val Verde County’s detention facility—the original epicenter of Operation Lone Star (OLS) prosecutions.

    “We’re left holding the bag,” Smith said. “Counties are having to figure this out on their own without the infrastructure the state had in place.”

    Smith said approximately half of all prosecutions tied to OLS in Kinney County have already been resolved, either through pleas or dismissals, but thousands of cases remain active.

    According to numbers from the Texas Indigent Defense Commission, more than 2,600 felony cases have already been resolved. Nearly 2,000 cases are still pending, in part due to lengthy appeals.

    Meanwhile, the Kinney County Sheriff’s Office has more than 700 outstanding warrants for alleged smugglers and another 1,400 warrants that have not yet been executed because of limited capacity to house and transport defendants.

    Kinney County has contracts with about 10 jails across Texas—including some as far away as the Panhandle—but the county jail cannot hold a person beyond 72 hours, as it is considered a temporary holding facility. That has forced sheriffs and prosecutors into a patchwork system for transferring detainees, with major bottlenecks since TDCJ and TDEM stopped coordinating.

    The Dolph Briscoe Unit in Dilley and the Segovia Unit in Edinburg, which had filled major housing roles, are no longer available, worsening the shortage.

    Plus border counties have been avoid arresting women because they don’t have room for them in separate facilities.

  • 21-Year Age Minimum for Purchasing THC Products Adopted by Texas Alcoholic Beverage Commission.”
  • Boeing starts production of the F-47.
  • Amazon settles a lawsuit for tricking people into signing up for Prime and making it nearly impossibility to cancel to the tune of $2.5 billion.
  • So where did President Trump get the crazy idea that using Tylenol during pregnancy could result in autism? A Harvard study. “Using acetaminophen during pregnancy may increase children’s autism and ADHD risk.”
  • Austin Yogurt Shop Murders finally solved? retired Austin detective John Jones fingered serial killer and rapist Robert Eugene Brashers (who died in a standoff with police in 1999) as the culprit. Brashers is a serial killer and rapist who committed at least three murders between 1990 and 1998 in the states of South Carolina and Missouri. He died in January 1999 by suicide during a standoff with police. Evidently a new type of DNA testing finally matched up Brashers as the culprit.
  • Robber/home intruder gets stabbed by a samurai sword.
  • “Graceland, Graceland Graceland/Trying to steal Graceland/Four years in prison for a mortgage scam trying to steal Graceland.”
  • More scenes from The Fall Of England: “Muslim who shouted ‘I’m going to kill you’ while stabbing man is given suspended sentence by British court; victim charged instead.”
  • UK’s Labour government thought they could get away with some cost-free virtue signaling by recognizing “a Palestinian state.” Surprise! “UK could face claim for $2,700,000,000,000 in reparations for recognizing Palestinian state.”
  • “Eli Lilly Latest Recipient of Texas JETI Award, Totaling $6.5 Billion Harris County Investment.”

    Gov. Greg Abbott today announced a $5.5 million grant from Texas for the construction of a pharmaceutical manufacturing facility in Harris County — one of multiple projects approved under the Texas Jobs, Energy, Technology, and Innovation (JETI) program over the past year.

    Abbott joined Eli Lilly and Company executives for a press conference on Tuesday afternoon in Houston to announce its creation of a nearly one million-square foot active pharmaceutical ingredient (API) manufacturing facility. The company estimated that it’ll produce around 600 new jobs and will invest more than $6.5 billion within the state.

    The grant of $5.5 million towards Lilly’s new project was made possible through the JETI approval process, a property tax abatement program established through contentious legislation passed during the 88th regular legislative session.

    House Bill (HB) 5, which was signed into law by Abbott in June 2023, replaced a 20-year-old initiative with a new economic incentive program. It created a pathway for school districts to grant companies a decade-long break in their property tax payments in exchange for relocation to their area. It limited the kinds of companies eligible to receive abatements and grants for projects in Texas, excluding renewable energy projects after negotiations proved its removal to be necessary for passage in the Legislature.

    Let me reiterate my general opposition to government subsidies of business in almost all circumstances. Government shouldn’t be in the business of picking winners and losers. However, an end to subsidizing money-losing “renewable energy” sources that made the Texas Interconnect Grid less reliable is a big plus.

    One of the first projects approved under JETI this year, also in Harris County, was to assist Summit Next Gen in opening “a world-class sustainable aviation fuel manufacturing and refining facility along the Texas Gulf Coast,” in January 2025. It’s expected to produce over $1.6 billion in capital investment for Texas.

    In February, Abbott made two JETI expansion project announcements: one for a new Braven Environmental facility in Texarkana, estimated to rake in more than $145 million in investment for the state, and the other for Vinton Steel’s “advanced manufacturing facility that recycles ferrous scrap into new steel products.” Vinton is expected to invest over $229 million in the state and create an additional 180 new jobs.

    Brazos Midland Processing LLC, also known as Brazos Midstream, was announced as an approved recipient in late August for a “300 million cubic feet per day natural gas processing plant” in Martin County, expected to create $185 million in capital investment.

    At Tuesday’s announcement of the new Lilly project, Abbott reiterated that “Texas is the best state in America for doing business.”

  • And speaking of unreliable renewable energy subsidies: “$2.2 billion solar plant in California scheduled to be turned off after years of wasted money.” That would be Ivanpah Solar Power Facility in California’s Mojave Desert, the one that used mirrors to concentrate light onto a single tower, and which fried lots of birds every year. I’m surprised that it was still running, given how markedly unsuccessful it’s been at generating affordable energy years ago. But I may be confusing it with the similar (and similarly failed) Crescent Dunes project. That’s the one that suffered the molten salt leaks… (Hat tip: Dwight.)
  • Dwight also brought news of the deaths of two murderous leftwing scumbags: Would-be Gerald R. Ford assassin Sara Jane Moore, and JoAnne Chesimard, aka “Assata Shakur”, of the Black Liberation Army, who murdered New Jersey State Trooper Werner Foerster. The latter died in Havana. Rot in hell, commie.
  • California attorney hit with $10,000 fine for brief filled with fake ChatGPT quotes. “The Los Angeles-area attorney fined last week, Amir Mostafavi, told the court that he did not read text generated by the AI model before submitting the appeal in July 2023, months after OpenAI marketed ChatGPT as capable of passing the bar exam.” The real fine should be no client ever willing to trust his lazy ass again..
  • This is pretty damn funny:

    (Hat tip: Ed Dricoll at Instapundit.)

  • “The radical Lower East Side shop that lured drug addicts to its storefront by offering free clothing, food and Narcan suddenly shut down Tuesday — sparking internal warfare and finger pointing.”

    Without warning, Bluestockings Cooperative announced that it would permanently shut down after more than 26 years, stating that “daily operations are unfortunately no longer sustainable on multiple fronts.”

    “This was our absolute last resort. On top of our crew’s ongoing struggle against the organized abandonment of New York City and the constant crises, the remaining worker-owner and staff are at the limits of what they can manage in terms of health, disability, and finances,” a statement posted to Instagram reads.

    The Suffolk Street shop blamed the closure on its failure as a worker-owned cooperative to “come to consensus around the guiding principles and practices Bluestockings should embody” — adding that an inability to align on political and business operations directly led to the setbacks the business faced over the last two years.

    “Of course, $12,000 a month in rent, thousands in utilities, and racist, classist violence from ‘neighbors’ certainly didn’t make our work any easier,” the statement continued.

    Bluestockings came under intense outrage from its posh Lower East Side neighborhood, which transformed into a “zombie apocalypse” of strung-out junkies shooting up in broad daylight who were drawn to the bookstore’s free and indiscriminate services.

    The self-described “radically inclusive” shop was a state-recognized Opiate Overdose Prevention Program and offered “harm reduction services” like Narcan, drug-testing strips and a used needle-drop off bin — which neighbors alleged enabled the junkies.

    In recent years, Bluestockings plunged into around $100,000 in debt to its publishers and book distributors, according to reports.

    Social justice is incompatible with both profit and basic human decency. (Hat tip: Dwight.)

  • Has Toronto become the exotic car theft capital of North America? It’s also funny how all these carjackers and thieves seem to have guns despite Canada’s gun control laws…
  • Critical Drinker and company talk about Britain’s unkillable soldier, Lieutenant General Sir Adrian Carton de Wiart VC KBE CB CMG DSO.
  • Seven things to do before buying a used car.
  • Korean court orders man to pay fine for defaming virtual pop star.
  • That time an American soldier saved his own life by not killing a spider. (Hat tip: Infidel753.)
  • Inside Tokyo’s smallest apartment.
  • “Satan: ‘I’ve Made A Huge Mistake.'”
  • “Nazi Rally Inspires Millions To Forgive And Love Their Enemies.”
  • “Logo Update: Democrat Donkey Now Holding Sniper Rifle.”
  • “Hamas Calls On Democrats To Tone Down Violence.”
  • “Americans Return To Not Watching Jimmy Kimmel By Choice.”
  • “AOC Loses Debate Against Cardboard Cutout Of Charlie Kirk.”
  • I’m still between jobs. Feel free to hit the tip jar if you’re so inclined.





    LinkSwarm For January 24, 2025

    Friday, January 24th, 2025

    Democrats used election fraud and lawfare to strike down a glad-handing, dealmaking Trump the Grey who was treated with deep suspicion by the Republican establishment, and now he’s returned, more powerful than ever, as Trump the White with a unified GOP behind him, someone who has already unleashed a executive order blitzkrieg the likes of which the nation has never seen before. Trump now threatens the Democrats’ one-ring control of the federal bureaucracy, not to mention black and Hispanic voters, in a way previous Republican presidents never did. And Democrats have only themselves to blame for it, not only for their radical, shrieking TDS obstruction in his first term and their radical embrace of a deeply unpopular social justice agenda, but also their use of overreach in using so many executive orders to achieve their agenda. Now Trump has the blueprint and precedent to go after all their power centers. The scope and ferocity of Trump’s assault on a permanent leftwing deep state makes it seem less like The War of the Ring than The War of Wrath, in which the Valar returned to Middle Earth to finally settle Morgoth’s hash once and for all.

    OK, I’ll stop making Tolkien analogies now.

    Let’s just say that Trump’s first week back in the White House has unleashed a blizzard of winning, and I haven’t even remotely corralled all of it here.

  • Just before stumbling out of the White House, Joe Biden preemptively pardoned his own family members.

    In his final minutes as president, Joe Biden issued preemptive pardons to his two brothers, James and Francis, and his sister, Valerie, to protect them from what he predicts will be politically motivated attacks led by President-elect Donald Trump and Republicans.

    “My family has been subjected to unrelenting attacks and threats, motivated solely by a desire to hurt me—the worst kind of partisan politics,” Biden said in a statement. “Unfortunately, I have no reason to believe these attacks will end.”

    Biden used his presidential power to pardon five members of his immediate family: James, his wife Sara, Valerie, her husband John Owens, and Francis. The outgoing president said the pardons “should not be mistaken as an acknowledgment that they engaged in any wrongdoing, nor should acceptance be misconstrued as an admission of guilt for any offense.”

    James and Sara, in particular, were pardoned, presumably because James wrote Joe a $200,000 check on March 1, 2018 — the same day he received the funds from distressed rural hospital provider Americore.

    In September 2017, James and his wife also sent his older brother a $40,000 check that used funds originating from a Chinese energy firm CEFC in addition to other transactions involving Joe that caught the attention of the Republican-led House Oversight and Judiciary Committees. Both checks were classified as loan repayments.

    The other family members were pardoned to ensure they aren’t targeted by the incoming administration. The clemency act covers any nonviolent offenses they may have committed since January 1, 2014.

    Like running an illegal pay-for-play graft mill for foreign governments. Which is what the Biden Crime Family did.

  • As expected, President Trump has pardoned January 6 defendants. Good. The prosecution of half-assed trespassers as though they were insurrectionists was a grave injustice committed in service of the Democratic Party’s imperative to continue trying to reinforce their own self-serving bullshit long after any rational person stopped believing in it.
  • Speaking of justice: “Trump Orders ‘Full and Complete’ Release of JFK, RFK, and Martin Luther King Jr. Assassination Files.”

  • “Trump DOJ Orders Local and State Governments to Comply With Immigration Initiatives. Obstructing federal efforts to protect the public from serious threats posed by illegal alien criminals could be met with legal action.”
  • In a less packed week this would be much bigger news: a federal judge has ruled that US Government Back Door FISA Searches Are Unconstitutional.

    The federal government’s method of searching through information incidentally collected on U.S.-based individuals violates the U.S. Constitution’s Fourth Amendment, a federal judge has ruled.

    “To countenance this practice would convert Section 702 into precisely what Defendant has labeled it – a tool for law enforcement to run ‘backdoor searches’ that circumvent the Fourth Amendment,” U.S. District Judge LaShann Dearcy Hall said in the ruling, which was released on Jan. 21.

    Government officials acquired information on the defendant, Agron Hasbajrami, a legal permanent resident who they arrested in 2011 and charged with providing material support to a terrorist organization. The information was gathered under the Foreign Intelligence Surveillance Act (FISA), which lets authorities spy on people.

    After Hasbajrami pleaded guilty, authorities disclosed that some of the evidence they used in the case was the fruit of information they obtained without a warrant under a FISA supplement called Section 207, which enables authorities to conduct surveillance on non-U.S. persons reasonably believed to be outside the United States.

    FISA abuse was, of course, was a key tool in the deep state’s war against Trump.

  • The problem with this Victor Davis Hanson piece is what not to quote.

    Donald Trump won the 2024 election in part because the Left’s hysterical style of attacking Trump no longer worked.

    After a decade of this unhinged furor, it proved worthless in winning public support — and for two simple reasons.

    One, after years of Russian collusion hoaxes, the laptop disinformation farce, and the warped lies about the “suckers” and “fine people on both sides” — the shrill Left became predictable.

    So, the bored public began tuning them out, switching channels, hitting the mute button, and pulling the plug.

    Like the deleterious effects of inflation that eventually render a currency worthless, nonstop hectoring, hysterics, pontification, and distortion finally made all such criticisms of Trump mostly as valueless as 1930s German marks.

    Second, the wearied public never heard reasoned counterarguments from the likes of a Rachel Maddow. Instead, on spec, she kept mouthing, “The walls are closing in” on Trump.

    Former President Joe Biden did not explain why his open border was a better idea than Trump’s closed one. He preferred mumbling about “semi-fascists!” and the “ultra-MAGA!”

    The Never Trumpers did not critique the Trump deficits. Instead, they hammered away that Trump was Hitler, or Mussolini, or Putin — or just a dangerous dictator or autocrat.

    Angry retired generals never demonstrated why Trump was, in their view, an existential threat to democracy. Instead, they shouted nonstop in op-eds and interviews that he was a fascist, Nazi-like, no different from the guards at Auschwitz, a pathological liar, and should be summarily removed.

    Worn-out voters began to understand that these psychodramas were substitutes for substantive criticism or occasions for legitimate debate.

    Indeed, the exhausted public finally concluded that the hysterics increased in direct proportion to the poverty of the charges.

    So, what did 10 years of such derangement achieve for the Left?

    Trump now has control of the White House and both houses of Congress operate under Republican majorities.

    The Supreme Court is mostly conservative. Almost all of Trump’s issues — the border, immigration, the economy, foreign policy, and crime — poll well over 50 percent.

    No matter, the Left is still hammering away at the trivial and irrelevant — and remains paralyzed in furor and hysterics.

    Read the whole thing. (Hat tip: Stephen Green at Instapundit.)

  • Breaking: Trump Department of Defense head pick Pete Hegseth confirmed, with Vice president J. D. Vance breaking a 50-50 tie.
  • Former Okaland mayor Sheng Thao was “indicted [last] Friday. Also indicted: Andre Jones, who the NYT describes as her ‘boyfriend,’ David Trung Duong, and Andy Hung Duong. David Duong is the head of a local waste management company, and Andy is his son.”
  • “Starbucks Lost $25 Million Lawsuit Because They Fired An Employee For Being White.” Good. Don’t be racist and don’t violate anti-discrimination laws. It’s not rocket science.
  • Left UK Guardian newspaper staffers: We’re striking for better wages! Guardian management: Enjoy being replaced by AI.
  • Three North Koreans are wanted in Russia for fragging Russian soldiers.
  • And another huge Russian oil facility goes up in a giant fireball, this one in Ryazan, some 476 kilometers from the Ukrainian border.
  • Biden: Stop attacking American ships. Houthis: LOL. Trump: Stop attacking American ships…or else. Houthis: “Yes, Mr. President. Please don’t kill us.”
  • “West Texas Teacher, Coach Charged With Continuous Sexual Assault of a Child. Justin Esquell is accused of sexually abusing a victim for four years, starting when the child was under the age of 14.”
  • Too many Texas cities are too cozy with Communist China.
  • Harvard settles an antisemitism lawsuit.
  • This could be a very big story. “Trump Announces Tech Companies Will Invest $500 Billion in AI Infrastructure.”

    President Donald Trump on Tuesday announced a joint venture between three large tech companies to invest as much as $500 billion into building out U.S. artificial intelligence infrastructure.

    The joint venture, known as Stargate, involves Oracle, Open AI, and Softbank and will see the companies join together to build out American data centers to power artificial intelligence systems, including ChatGPT. Stargate, which could cost up to $500 billion over a four-year period, will begin with a data center in Texas, a state friendly to crypto and other parts of the tech industry.

    More from Open AI.

    The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.

    Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements.

    That’s a lot of heavy hitters, but some of them (I’m looking at you Microsoft) have embraced wokeness. Hopefully their AI project won’t be infected with it.

    If they need a technical writer, I know one who’s going to be available soon… (Update: I’m hearing it will be built out in Abilene.)

  • “Massive Fire Burns at World’s Largest Lithium Battery Plant Near Monterey, CA.” Quite far away from, and probably unrelated to, the wildfires.
  • And in case you were wondering, lots of wildfires are still burning.
  • A good question: “How did Joe Biden get rich?”
  • An end to flag madness. “State Department implements “one flag policy,” meaning no more Pride or BLM flags flown at U.S. facilities.”
  • CNN laid off 210 people or about 6% of it’s staff of 3,500. That still seems an unsustainably high staff for a network that averages less than a million viewers. Indeed, it’s something like 286 viewers per staffer. What advertisers are willing to pay money to reach so few people?
  • The Biden Recession + Hollywood wokeness + streaming means that Alamo Draft House just laid off 15 people at their HQ.
  • EV Startup Canoo Files For Bankruptcy.”
  • Dave Ramsey is shocked to learn that Canadian capitals gains tax is 66%.
  • That’s not a mannequin.
  • Every book I bought in 2024.
  • Are comedian Bill Burr and Smashing Pumpkins frontman Billy Corgan related?
  • Elderly Dementia Patient Cruelly Evicted From Home.”
  • “Aides Gently Guide Biden To Retirement Home Room Disguised As Oval Office.”
  • “Sad Hunter Biden Wondering Why No One Buying His Paintings Anymore.”
  • “With TikTok Ban, Americans Now Only Being Spied On By Pentagon, Google, Facebook, Apple, Samsung, Doorbell, Toaster.” They forgot Microsoft and the FBI…
  • I have a contract position but it may be ending soon, so hit the tip jar if you’re so inclined.





    Explaining The Sam Altman/OpenAI Thing

    Tuesday, December 5th, 2023

    Hey, remember that whole “Sam Altman fired as CEO/reinstated as CEO of OpenAI” thing a couple of weeks ago? Here’s the archive story.

    Sam Altman was reinstated late Tuesday as OpenAI’s chief executive, successfully reversing his ouster by the company’s board last week after a campaign waged by his allies, employees and investors, the company said.

    The board would be remade without several members who had opposed Mr. Altman.

    “We have reached an agreement in principle for Sam to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” OpenAI said in a post to X, formerly known as Twitter. “We are collaborating to figure out the details. Thank you so much for your patience through this.”

    The return of Mr. Altmanand the potential remaking of the board, capped a frenetic five days that upended OpenAI, the maker of the ChatGPT chatbot and one of the world’s highest-profile artificial intelligence companies.

    “i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together,” Mr. Altman said in a post to X. “with the new board and w satya’s support, i’m looking forward to returning to openai, and building on our strong partnership with msft.”

    OpenAI’s board surprised Mr. Altman and the company’s employees on Friday afternoon when it told him he was being pushed out. Greg Brockman, the company’s president who co-founded the company with Mr. Altman and others, resigned in protest.

    The ouster kicked off efforts by Mr. Altman, 38, his allies in the tech industry and OpenAI’s employees to force the company’s board to bring him back. On Sunday evening, after a weekend of negotiations, the board said it was going to stick with its decision.

    But in a head-spinning development just hours later, Microsoft, OpenAI’s largest investor, said that Mr. Altman, Mr. Brockman and others would be joining the company to start a new advanced artificial intelligence lab.

    Nearly all of OpenAI’s more than 700 employees signed a letter telling the board they would walk out and follow Mr. Altman to Microsoft if he wasn’t reinstated, throwing the future of the start-up into jeopardy.

    Four board members — Ilya Sutskever, an OpenAI founder; Adam D’Angelo, the chief executive of Quora; Helen Toner, a director of strategy at Georgetown’s Center for Security and Emerging Technology; and Tasha McCauley, an entrepreneur and computer scientist — had initially decided to push Mr. Altman out.

    Well, here’s Patrick Boyle to provide some context:

    A few takeaways:

  • There are two OpenAIs: “The non-profit OpenAI, Inc. registered in Delaware, and its for-profit subsidiary OpenAI Global, LLC.”
  • Musk was an early, and big, investor in the non-profit. “The founders pledged over one billion dollars to the venture, but actually only contributed around $130 million dollars- the majority of which came from Elon Musk.”
  • When he felt OpenAI was falling behind in 2018, he wanted to take over OpenAI himself. When the board rejected that, he resigned and took future pledged money with him, which blew a huge hole in their budget. (Whatever you think of Musk, I don’t think not being busy enough is his problem.)
  • Then came the for-profit doppelganger.
  • “The profits being capped at 100 times any investment.”
  • “The company explained this decision saying, ‘We need to invest billions of dollars in the coming years into large-scale cloud compute, attracting and retaining talented people, and building AI supercomputers.’ This transition from nonprofit to for-profit required OpenAI to balance its desire to make money with its stated commitment to ethical AI development.”
  • “This unconventional structure meant that Open AI had a board of directors, which in theory controls the entire corporate structure (which includes the charity and the capped profit company) – but which unlike other boards is not accountable to shareholders. The directors are in fact not allowed to own any stock to prevent a conflict of interest, because they are specifically not supposed to be aligned with shareholders.”
  • “The companies operating agreement – to investors – says – in writing: ‘It would be wise to view any investment in OpenAI in the spirit of a donation, with the understanding that it may be difficult to know what role money will play in a post-AGI world.’ Documents like this – that were written by an actual lawyer – highlight the problems we are starting to see from the combined popularity of science fiction in Silicon Valley and widespread microdosing of hallucinogens.”
  • “In the real world, where the role of money is reasonably well defined, Open AI is an unprofitable company and is expected to need to raise a lot more money over time from investors like Microsoft, to keep up with the high costs of building more sophisticated chatbots.”
  • “Despite this lack of profitability, the company is valued by investors at 86 billion dollars, and Bloomberg reported last weekend that ‘some investors were considering writing down the entire value of their OpenAI holdings to zero.'”
  • “Former colleagues would have an open door to follow and join a new AI unit, according to Microsoft chief Satya Nadella. As much of a win as this might have appeared for Microsoft (people were saying that they had managed to buy the hottest AI firm for zero), this might not have been the optimal outcome for them, as they would likely have had to deal with antitrust regulators and lawsuits from other Open AI investors.”
  • “The majority of Open AI’s 700 or so employees signed an open letter to the board demanding that the board resign and that they rehire Altman. The letter stated that the board had told the employee leadership team that allowing the company to be destroyed ‘would be consistent with the mission.’ The employees said that unless their demands were met, they would resign from Open AI and join the new subsidiary of Microsoft being headed up by Altman and Brockman.”
  • “You have to wonder what the employee contracts at Open AI look like that the entire staff could leave to work for a major investor in the company leaving Open Ai as an empty shell.”
  • “Typically, executives like Altman would have contracts that prevent them from hiring away key staff once they are no longer at the firm, and staff would have signed NDA’s preventing them from taking any technology with them.”
  • “The OpenAI story is a bit of a crazy one, where Microsoft and a number of other sophisticated investors agreed to put billions of dollars in, and employees got stock grants, all at an $86 billion valuation, without the contractual or fiduciary rights that investors might normally expect.”
  • Rival Anthropic has a similar structure.
  • “Bad corporate governance has been a growing issue particularly in Silicon Valley where companies like Google, Facebook and Snap structured their IPO’s such that founders were left with unchallenged power to do almost anything that they want.” Google and Facebook are garbage companies, but there are some scenarios where only founders can keep the company on a long-term vision rather than goosing quarterly profits (Jobs at Apple comes to mind).
  • Warren Buffet has a similar mechanism (A shares of stock only he controls) to keep control of Berkshire Hatheway.
  • “Since you are buying shares of companies in perpetuity, leadership who are not accountable to shareholders can take value destructive paths without answering to anyone. Meta’s Reality Labs division, which houses its efforts to build the metaverse, has lost around $46.5 billion dollars since 2019. Would Mark Zuckerberg have been able to waste this much money if he was accountable to investors?” I have a fairly strong suspicion that division is being used to hide all sorts of shenanigans.
  • Boyle is deeply suspicious of “stakeholder capitalism” as opposed to the old-fashioned, profit-maximizing kind.”
  • The thing missing from this summary, and all the coverage of the story I’ve seen, is why Altman was originally let go, and none of the principals involved seem to be talking about it…