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Slot machines on the Las Vegas Strip return about 93 cents on the dollar. This is widely considered some of the worst odds in gambling. Yet on Kalshi, a CFTC-regulated prediction market, traders have wagered vast sums on longshot contracts with historical returns as low as 43 cents on the dollar. Thousands of…
What my father taught me.
A sampling of recent news
War is bad. Don’t start one. But we’re already in a class war and we’re losing. Where by “we” I mean most people; the winning side comprises, roughly, the richest 0.1% of the population, who are morphing into a hereditary aristocracy. [I mean that, see below.] So, what to do in a war one didn’t choose?
A new worrying amalgamation of crypto scams and vibe coding emerges from the bowels of the internet in 2026
A recent U.S. college degree long meant lower unemployment than the average worker. That edge flipped in 2019, and the gap is now the widest on record.
Look at the monthly numbers...
This case involves Project Bluebird, a social media service previously named “twitter.new” and renamed to tweet.app immediately after this ruling (for reasons this post makes obvious). Project Bluebird’s service is designed to reimagine the Twitter service that Musk imploded when...
Fable’s price ended the free lunch of ever-cheaper frontier models. Now we have to think about which model gets which work.
The economics behind where movies are filmed, why Hollywood left Los Angeles, and whether audiences can tell the difference.
Soundtrack: In Flames - Colony To further support my independent journalism, please subscribe to my premium newsletter. It’s $7 a month or $70 a year. If you’re subscribed to the free newsletter and logged in, you should see at the bottom right hand corner of your screen a little
Drones in Ukraine and in the War with Iran have made the surface of the earth a contested space. The U.S. has discovered that 1) air superiority and missile defense systems (THAAD, Patriot batterie…
Explained by a former Sony engineer
Today, we welcome the 47th government onboarded to Have I Been Pwned’s free gov service: Nepal. Their National Cyber Security Centre now has access to monitor Nepalese government domains against the data in HIBP. This gives the NCSC the ability to identify exposure across government email addresses and respond
The Mondrian Trust claims a 1930 painting is still protected—citing "dual copyrights," Spanish law, and a misreading of the Copyright Act.
Soon after I launched this blog in February 2005, I signed up for Google AdSense. My goal was to make a little money and learn about the industry from the inside. In particular, if I was going to cover the...
Kelly predicted AI heavyweights while advocating for a future of open weights
Burnout is on the rise again, with an ironic twist.
There is a video by Gamers Nexus making the rounds that makes me really angry. It reports about LG's latest practise to add blatant spyware to a monitor. Or to be precise to the *software* application associated with that monitor. The icing is that Windows apparently automatically downloads this software by default…
LLMs made software cheaper to build, but not free. A look at the new buy-vs-build math of the LLM age, and the pricing zone where small software businesses can still survive.
A year of failure postmortems from building document AI for public tenders: phantom partners, silent coverage collapses, broken truth-meters, and why the refusal became the product.
The US dollar lost 96.9% of its value since 1914. Four inflationary episodes spanning 29% of the time caused 72% of the destruction. Monthly dataset, 1,357 obs.
I find it very useful to be able to do everyone else’s job — it helps you learn how they work and what they need, and it helps even more when you need their job done, but they won’t do it themselves.
The AI race, the future of AGI, and the inside story of OpenAI. Greg Brockman is the co-founder and President of OpenAI, the company behind ChatGPT and GPT-5. He was the first engineer at Stripe before leaving in 2015 to help start OpenAI. In this rare conversation, Greg goes inside the moments that built, and nearly …
Anthropic’s belief in its own commitment to safety gives the company license to aggressively favor its business and even challenge the U.S. government.
How do you know the output is good without redoing the work yourself? You've received a report, a market analysis for the new product you're planning to l...
What if your car worked like so many apps? You’re driving somewhere important…maybe running a little bit late. A few minutes into the drive, your car pulls over to the side of the road and asks:
