This is a vast and tricky question. The business model has basically fallen out from under journalism, and especially this kind of labor-intensive investigative reporting. The media landscape is increasingly dominated by moneyed individuals and companies essentially buying up the discourse.
I would really suggest subscribing to and finding ways to amplify independent outlets and journalists, and encouraging others to do so.
Only anti-trust action against big tech to break their ad monopoly (to make journalism profitable again) and breaking up media conglomerates (to reduce concentration of power in the journalism industry) can save journalism from becoming just a mouthpiece for the powerful. These things can only happen through politics. We need a political solution to save journalism.
Got it! Any recommendations on who to subscribe to? Any personal links for you?
In developer communities often you can support individual developers or groups through a monthly subscription / donation on their github page or similar.
Well, this piece was in The New Yorker, which is reasonably priced and regularly includes excellent investigative journalism. I get the physical copies, which can be too much to keep up with if you try to read everything, but it’s easy enough if you skim and just read the things that stick out as being of particular interest.
The New Yorker also comes with Apple News+ subscriptions (part of an Apple One plan that many people get for extra iCloud storage) which further includes a number of top-tier and local news orgs such as the Wall Street Journal, LA Times, SF Chronicle, Times of London, etc.
Treating quality investigative reporting like the scarce resource that it is, as one of the most well-known can you shed any light on why Reuters would delegate resources to commission investigative reporters to unmask Banksy (in a world where all-things-Epstein represents an unending source of investigative opportunities in the public interest)?
Yep it's hard to build a large liquid market for both sides of the bet without a central platform being legal. Look at polymarket as another example of things that people wouldn't bet on if a (legal in some countries) platform didn't exist.
Of those options I'd guess Hedgseth as he seems to be the one cheering the war and also using Christian rhetoric. Trump has also suggested he may have relied on Hedgseths advice to scapegoats Hedgseth in recent days..
It's true that a volatile environment in general is good for certain types of investment banking business, including facilitating this trade. I nevertheless think it's unlikely - honestly, a galaxy brain take - that Cantor Fitzgerald or other investment banks with influence in the Trump administration would push for policies like unconstitutional tariffs just to drive trading revenue. Maybe the strongest reason is that other, frankly more lucrative investment banking activities, like fundraising and M&A, benefit from a growing economy and a stable economic and regulatory environment.
It stretches your imagination to conceive of a financier chasing short term gains over the long term stability of the investment bank they are part of? I seem to recall an event back in the late '00s that you may want to look into.
Thank you for pointing this out. I didn't catch that the parent comment was ai either and upvoted it. Changed it to a downvote seeing your comment and realizing it the comment did indeed have many AI flags.
Great comment on hardware and maintenance costs, and in comparison Elon wrote "My estimate is that within 2 to 3 years, the lowest cost way to generate AI compute will be in space."
It's a pity this reads like the entire acquisition of xAi is based on "Elon's napkin math" (maybe he checked it with Grok)
The deal they made values xAI at $230 Billion. It’s a made up number, with no trustworthy financial justification to back it up. It is set to provide a certain return to xAI’s investors (the valuation decides the amount you get per share), who in turn are bailing out the earlier acquisition of X (Twitter). All of this is basically a shell game where Elon is using one company to bail out another. It’s a way of reducing the risk of new ventures by spreading them out between his companies. It’s also really bad for SpaceX employees and investors, who are basically subsidizing other companies.
The thing is, everyone knows Elon is not a real CEO of any of these companies. There isn’t enough time to even be the CEO of one company and a parent. This guy has 10 companies and 10 children. He’s just holding the position and preventing others from being in that position, so he can enact changes like this. And his boards are all stacked with family members, close friends, and sycophants who won’t oppose his agenda.
Most of the investors don’t even have a choice. Nor do all the other shareholders like employees. And the boards of Musk companies are stacked with his yes men.
He's bailing out one of his failing ventures with one of his so far successful ones. The BS napkin math isn't the reason he's doing it. It's the excuse for doing it.
This is also a political issue. The administration could have ftc investigate this under anti-trust, and the government could also pass tighter laws preventing this. But this current administration is likely too friendly to big corporate interests.
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