I'm using AI more agentically now (meaning: I'm training it to do tasks for me across multiple applications) And 2 things are immediately apparent to me: 1) this is so easy & valuable, it's going to change the world 2) companies are going to need WAY fewer human workers (and I'm not even factoring in the robots yet) I think both the benefits AND costs of A.I. will be much greater than most imagine right now

A huge blunder by Elon — who apparently took the idea to Trump himself. Next time he doesn’t get his way, does he throttle Starlink across Europe over a European court ruling against Tesla or X? Or an election result he dislikes? Does he do the same to the US military if he disagrees with the next president? Or does the highest bidder decide who gets service? Where does it end? Oversight of technology this critical belongs to US Congress. US foreign policy cannot depend on one man’s emotional stability, character or commercial interests. I wouldn’t be surprised if Starlink — perhaps even SpaceX — ends up nationalised. @sikorskiradek @bundeskanzler @EmmanuelMacron @GiorgiaMeloni

THE AI REVOLUTION IS REAL. But so is the Bubble! Read this article and tell me you disagree. Read the FREE article: henrikzeberg.substack.com/p/…

China is experiencing a balance sheet recession on a scale the world has never seen before. Economist Richard Koo coined the term to explain Japan’s stagnation in the 1990s. At its core, it describes a collective shift in economic behaviour: households and companies prioritise repairing their balance sheets over spending, borrowing and investing, even at near-zero interest rates. The result is chronically weak aggregate demand, against which conventional monetary policy loses much of its effectiveness. It is not merely a financial problem. It is a profound shift in economic psychology. Deeply structural and profoundly scary. It is also the key reason I don’t buy the copper “supercycle” narrative. China accounts for roughly 50% of global copper consumption, much of it historically tied to construction and infrastructure. Nothing can compensate for a structural collapse in that demand. Not even close. Nor can the West afford the much-advertised “green transition” at the scale and speed promised. By now, much of it has become a face-saving exercise for bureaucrats in Brussels, increasingly divorced from economic and fiscal reality. It won’t survive the rebellion in government bond markets, already visible in French sovereign debt. In that sense, many European governments face their own balance sheet constraints, although these are not balance sheet recessions in Koo’s original sense. When the AI mania finally slows, copper, among others, will nosedive. For now, the scramble to front-run US tariffs and the speculative demand it generates keep the mirage alive. It won’t last forever.

I find these takes really confusing. you have a 150 IQ+ tireless genius living in your computer. it can use your browser and read your email and access any file you want. it won't complain if you give it the most tedious administrative tasks. it is willing to work 24/7 for less than minimum wage. it can work unsupervised for hours at a time. and you can't think of any way to put it to use? are you completely lacking in imagination or do you enjoy mundane administrative tasks? you enjoy paying parking tickets and triaging emails and manually unsubscribing from spam and vetting credit card payments and canceling subscriptions and renegotiating insurance? you like doing that?

😅

Bond yields will crater! Time stamp it

I call it the endgame of Putinism. May it implode into dozens of provinces, permanently reducing its ability to wage imperial wars to satisfy the plebs’ inferiority complexes and each regime’s need to divert attention from misery at home while looting the country on an industrial scale.

And … you know what “God’s work” is…?