Sometimes you wonder. Bloomberg this morning saying that you can't both believe that AI is a big deal and that we're in a bubble. But you absolutely can! That's exactly the story of the tech bubble of the 90s, major economic impact but not big profits. Sigh.

One Generation Runs the Country. The Next Cashed In on Crypto. Sons of top Trump administration officials made billions for their families, but their investors didn’t always fare so well.

Our piece on kids of Trump + others in the administration making it big in crypto

www.wsj.com/finance/curr...

Rep. Meeks Tells Bessent to Stop Being Trump's 'Flunky' YouTube video by Bloomberg Television

whew

www.youtube.com/watch?v=LAiC...

Exclusive | Top Democrat Launches Probe Into ‘Spy Sheikh’ Deal With Trump Company World Liberty Financial said lawmakers are “harassing a private American business to score political points.”

👀 www.wsj.com/politics/nat...

Jared Kushner Drops Plan to Build a Trump Hotel in Serbia For more than two years, the U.S. president’s son-in-law had sought to build a complex of towers in a central Belgrade site once bombed by NATO.

A new twist: Jared Kushner drops plan for a Trump hotel in Serbia after local backlash

www.wsj.com/world/trump-...

Jared Kushner’s Plan to Build a Trump Hotel in Serbia Is Running Into Resistance For more than two years, the U.S. president’s son-in-law has sought to build a complex of towers in a central Belgrade site once bombed by NATO.

For more than two years, Jared Kushner has sought to build a Trump-branded complex of towers in central Belgrade, Serbia. But the plans are meeting resistance.

Jared Kushner’s Plan to Build a Trump Hotel in Serbia Is Running Into Resistance For more than two years, the U.S. president’s son-in-law has sought to build a complex of towers in a central Belgrade site once bombed by NATO.

Jared Kushner wants to build a Trump-branded hotel complex on a Belgrade site bombed by NATO.

It's getting messy.

Serbian protesters are taking to the streets; an alleged forgery investigation; Serbian parliamentary fights and vows to occupy the site

www.wsj.com/world/trump-...

Britain Asked a Power Plant to Build a ‘Fish Disco.’ It’s Not Going Well. Plans to use a deep-sea boom box to keep fish away from a coastal nuclear station have gone awry. DJing for marine life, it turns out, is a nightmare.

on a nuclear plant's fish boomboxes (part of a £700 M fish deterrent); a replica air-raid shelter just for bats, and a bat tunnel at a cost of over $500k per bat

www.wsj.com/world/uk/the...

also this doesn't mesh with the history. people talk a lot about bubbles in bubbles.

www.wsj.com/finance/stoc...

some history here www.wsj.com/tech/ai/ai-b...

People say this a lot; they have many differences with big tech, but it WAS giant companies financing the dotcom boom. The telecoms were the biggest spenders -- and biggest losers -- of the era, investing in the infrastructure (like today's data centers) for the Web

Anthropic Projects $70 Billion in Revenue, $17 Billion in Cash Flow in 2028 Anthropic this summer hiked its most optimistic growth forecasts by roughly 13% to 28% over the next three years and projected generating as much as $70 billion in revenue in 2028, up from close to $5...

www.theinformation.com/articles/ant...

lol

Jay-Z + TBZ

www.wsj.com/business/dea...

Spending on AI Is at Epic Levels. Will It Ever Pay Off? Tech companies are pouring hundreds of billions into data centers, taking on heavy debt, but current revenue is relatively tiny. Critics warn of a new dot-com bubble.

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...

surely there's a disney movie in this plot

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

New York Has a New E-Bike Speed Limit—and No Way to Enforce It When the city announced a speed limit in June, haters rejoiced. But the plan had some holes.

"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 Exits DOGE Leaving Threadbare Agencies and Strained Workers The full effects of a drastic cost-cutting campaign are coming into focus as its billionaire architect departs from the government

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...

Exclusive | Elon Musk Tried to Block Sam Altman’s Big AI Deal in the Middle East Musk warned those involved that President Trump wouldn’t bless the OpenAI data-center project in Abu Dhabi unless his xAI company was included in the deal, according to people familiar with the matter...

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...

Exclusive | Austin’s Reign as a Tech Hub Might Be Coming to an End Regional tech hubs across the U.S. are losing talent as workers return to the coasts, with Austin being one of the hardest hit.

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.

How Gulf Sheikhs Played Their Trump Cards Into a Massive AI Chip Deal The U.A.E.’s ruling family used headline-grabbing investment numbers, deals with Trump family businesses and ties with tech executives to score an Nvidia deal.

my piece on UAE's Trumpian charm offensive to win access to AI chips

It worked well

www.wsj.com/tech/how-gul...

Trump’s Family Is Rapidly Striking Business Deals in the Mideast Golf resorts, crypto deals and financial investments blur the line between private business and public policy.

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...

😭