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I don’t mean to malign the entire U.S. press for its SpaceX IPO coverage. The Verge had the courage to publish a story openly (and correctly) calling Musk a killer. Smaller independent outlets generally did all of the heavy lifting when it comes to, you know, telling people the truth. The whole purpose of journalism. But pretty broadly the U.S. establishment press…
CNN quotes early Tesla investor Ross Gerber saying, “There would not be Tesla and SpaceX if it weren’t for the government.” That is the whole story in one sentence. Let us not get into the MLM scheme the SpaceX IPO resembles as Elon attempts to pay off the suckers who would otherwise have lost big…
There are just 59 Robotaxis on the road, Bloomberg reports, with at least some of them still requiring physical human supervision. Its efforts to expand past its home base in Austin, Texas are floundering, with the company forced to admit to California state regulators that its self-driving cabs don’t actually drive themselves, according to the reporting. https://futurism.com/advanced-transport/teslas-robotaxis-disaster
“It’s literally the gulag,” one employee told Wired. “You have zero purpose in life all of a sudden, you barely interact with anyone, you just have these tasks every week.” … However, given the well-established reputation of their employer, netizens struggled to conjure up much sympathy for the Applied AI employees. Their argument: the workers knew what…
This is not me… this is The Verge: Elon Musk’s SpaceX IPO will probably make him the richest person to ever walk the planet. And while his mountain of horrible personal conduct could fill multiple books, one fact in particular stands out: A year ago, Musk’s actions directly led to the deaths of hundreds of thousands…
The catalyst for it was the disastrous buyout of Twitter. Elon’s mates are all looking for an out from that and have put the screws on him.
Turns out there are still some adults in the room… S&P Dow Jones Indices will keep its existing eligibility requirements for the S&P 500, rejecting proposals that would have made it faster for mega-cap companies such as SpaceX to gain rapid entry into the benchmark after going public. https://www.bloomberg.com/news/articles/2026-06-04/s-p-dow-jones-keeps-megacap-ipo-rules-as-is-after-consultation
“Based on the numbers we know, that’s absolute batshit”
A $25 billion Danish pension fund that earlier this year made headlines by ditching Treasuries as Donald Trump was threatening to seize Greenland now says it won’t touch SpaceX. The company, which is targeting a valuation of at least $1.8 trillion in its initial public offering, is not only “grossly overvalued” but also marred by a “catastrophic governance…
I this morning I read this: Living through the Trump II presidency is an exercise in repeated loss and extended mourning for what is gone — while being daily confronted with the farcical and the absurd. Yeah it is, but as is pointed out later… this type of hyper fascism falls in on itself. The…
The $150K Stupidwagon destined for a $15-20K price point
The arrival of a purpose-built ship owned by Chinese car manufacturer BYD that docked in Melbourne on Sunday carrying 5000 vehicles has been described by an analyst as a turning point in the electrification of Australian road transport. The BYD Zhengzhou, one of a fleet of eight car-carrying ships owned and operated by BYD, normally…
The harm unlocked by tying criticism of the state of Israel with antisemtism hurts my heart Connecting criticism to antisemitism creates a short hand that allows bigots to attack Jews wholesale. It’s a cheap rhetorical trick that hurts in both directions. It is a lazy and cynical connection that obscures pain at the expense of…
The stack of insanity that the SpaceX IPO unlocks grows like a jenga tower: This dilution would benefit exactly one person: the one person in the world who currently has a higher wealth-number than anyone else, and would harm everyone else who happens to be invested in that stock (or in living on a planet…
Ignoring the fact that Hinton lost the plot many moons ago… LLM researchers are NOT creating beings. They are creating interactive fiction that is trained to predict the language of actual beings. Those two are NOT the same. And Hinton should know better. The brainfuck that is ELIZA is amazingly powerful. https://garymarcus.substack.com/p/the-pope-appears-to-understand-ai
This video starts as a fairly typical “whale being unseated by minnow” kind of story – but it turns into something more fundamental. It shows how eschewing the software status quo can both return software to it’s social roots and also be fabulously profitable. It is a story about how vertical integration can enable companies…
About 10 or so years ago I was privy to the mechanics of a prominent left-wing party here in NZ. The single thing that stuck out: they were afraid of winning, because that meant they had to be The Man. It is very hard to be The Man when you’re identity is tied up in…
One erstwhile worker told the publication they wouldn’t ride in a Tesla robotaxi “if you f**king paid me.” https://futurism.com/advanced-transport/tesla-insiders-self-driving-disaster
“Like most bad ideas,” wrote Mitchell Duran for Yahoo Finance, “Enhanced Games was born from a mix of grievance and the belief that, with the right amount of tech, financing, and new-age, untested science, any human being can transcend any and all natural limitations.” Tech and money sure do make a lot of damn winners in this…
Dave5 