2025-09-11
And all of this is proper trickle down deflation crisis for the economy: — OpenAI buys into oracle - oracle buys into more real estate for data centres - pension funds and investment moves to create investment funds in data centres... Then one day the top goes pop and the cascade of shit happens
Wall Street Journal
Sources: OpenAI signs a contract with Oracle to purchase $300B in computing power over roughly five years, requiring 4.5 gigawatts of capacity, starting in 2027
The vast majority of new revenue revealed by Oracle will come from OpenAI deal, sources say — OpenAI signed a contract …
2025-07-22
“We need money; therefore anyone funding us is the good guy by default” [embedded post]
Wired
Leaked memo: Dario Amodei told staff Anthropic plans to seek UAE and Qatar funding, likely enriching “dictators”, and says a “no bad person” rule is impractical
“Unfortunately, I think ‘No bad person should ever benefit from our success’ is a pretty difficult principle …
2024-03-12
The struggle to become the leading AI engine is going to result in the kind of all out corporate warfare we simply won't see coming. AI is an existential business. Careers & companies in tech will end as a result of this & I don't think we have fully grasped its impact
Bloomberg
Meta sues former VP Dipinder Singh Khurana for allegedly stealing employee pay and performance documents and private contracts before leaving for an AI startup
Kurt Wagner / Bloomberg :
2023-09-15
This whole Unity thing will be the biggest shitshow in the history of video gaming. Genuinely, it's gonna be massive.
Bloomberg
Unity cancels a town hall and closes two offices after receiving what the company says was a credible death threat, following its controversial install fee news
Management announced a controversial pricing decision two days ago — Unity Technologies Inc. canceled a planned town hall …
2023-02-28
Klarna has all the hallmarks of a financial crisis written large across it. Who'd thunk it? https://twitter.com/...
Financial Times
Klarna reports a ~$1B net loss in 2022, up 47% YoY, and Q4 revenue up 19% YoY to ~$534M, driven by US GMV rising 71% in 2022, as the BNPL industry struggles
Key performance metrics The information is presented for Klarna Holding AB (publ), if not otherwise stated. Aisha S Gani / Bloomberg : Klarna Narrows Losses as Growing Customer Bas...
2022-05-12
Surprise! Tech stocks are going in the bin so the big idea that no one bought into is the first thing to get a kick in the nuts https://twitter.com/...
Reuters
Andrew Bosworth told Reality Labs staff that Meta plans to cut or delay some projects and details will come within a week; Meta says there won't be layoffs
Katie Paul / Reuters :
2022-04-14
Has anyone at Meta done the numbers on just how many people have prescription glasses in their target market? Because, like, this feels like a very basic problem to consider in all this https://twitter.com/...
The Verge
Sources: Meta to release Nazare AR glasses V1, not tied to a phone, and a cheaper pair codenamed Hypernova in 2024; Nazare V2 expected 2026, and V3 in 2028
2019-11-02
“Dear medical insurance companies of America does Google have a fuckin proposition for you...” https://twitter.com/...
The Verge
Google can make a success of Fitbit if it can be managed as well as the integration of HTC's smartphone team, but it can also end up as a fiasco like Nest
The HTC acquisition went well, Nest did not — will this? — Google is buying Fitbit and the reasons why are both simple and complicated.