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August 4, 2025, 8:05 AM
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memeorandum
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| Noah Smith / Noahpinion: |
A look at why the AI data center building boom could spark a financial crisis akin to 2008, including the rising use of debt financing via private credit funds — This time let's think about a financial crisis before it happens. — The U.S. economic data for the last few months is looking decidedly meh.
More: Axios, Blood in the Machine, Wall Street Journal, Wall Street Journal, Gizmodo, The Economist, and Wall Street Journal
Bluesky: @lastnametbd, @mel.bzky.team, @edfinnerty, @edzitron.com, @kosso.co.uk, @stellarwork.com, @andrewfacini.com, @4til7, @nicholasgrossman, @cfaller96, @akfullerton, @jessefelder, and @globalecoguy
X: @noahpinion, @da_stockman, @sdamico, @zoomyzoomm, @zoomyzoomm, @emollick, @ej_sanmartin, @daniellefong, @noahpinion, and @noahpinion. Forums: r/neoliberal
| Paul Kedrosky: |
More: Washington Post, Wall Street Journal, Motley Fool, Cautious Optimism, and A Wealth of Common Sense
X: @josephpolitano, @dkthomp, @partners_road, @bopanc, @clairlemon, @mims, @bearlyai, @dkthomp, @birdyword, @lhamtil, and @mims
Forums: Hacker News and r/Economics
| Dan Milmo / The Guardian: |
The UK Online Safety Act's approach to keeping children safe online has become a rallying point for the right in the UK and the US over alleged censorship — Farage accuses government of being ‘so below the belt’ as right wing doubles down on censorship claims — The UK's Online Safety Act has been greatly anticipated.
More: Electronic Frontier Foundation and Reclaim The Net
Bluesky: @eff.org. X: @altymcaltalt3, @christinatasty, @matthewlesh, @l_wastell, @reclaimthenethq, and @charlottew39752
| Matt Kapko / CyberScoop: |
CrowdStrike says it investigated 320+ cases of North Korean operatives gaining remote IT jobs in the US, Europe, and elsewhere in its 2025 Threat Hunting Report — Threat hunters saw North Korean operatives almost daily, reflecting a 220% year-over-year increase in activity, CrowdStrike said in a new report.| Antonio G. Di Benedetto / The Verge: |
Lenovo ThinkBook Plus Gen 6 review: a unique $3,300 laptop with a rollable 120Hz OLED display that can grow from 14" to 16.7", but it is heavy and expensive — Part of me still can't believe it, but Lenovo did the thing: it took a bonkers concept for a laptop with a rollable screen and built … | Yuan Gao / Bloomberg: |
Xiaomi releases MiDashengLM-7B, an AI voice model under an Apache 2.0 license based on its foundational voice model, deployed in cars and smart home devices — Xiaomi Corp. on Monday released an open-source voice model to complement its automotive and home appliance technologies …
More: Implicator.ai, WinBuzzer, Tech in Asia, PC Games Insider, and XiaomiTime
| Lu Wang / Bloomberg: |
A study finds that AI trading bots can collude and fix prices in simulated markets without explicit instruction, posing challenges to regulators — It's a regulator's nightmare: Hedge funds unleash AI bots on stock and bond exchanges — but they don't just compete, they collude.
More: Fortune, Bloomberg Law, NBER, Tom's Hardware, and The Post Millennial
| Natallie Rocha / New York Times: |
How 20-something CEOs like Cognition AI's Scott Wu, Cursor's Michael Truell, Cluely's Roy Lee, and Scale AI's Alexandr Wang are swarming San Francisco's AI boom — Some dropped out of M.I.T., Georgetown and Stanford. Others decided not to go to college. They all say they could not afford … | Sheera Frenkel / New York Times: |
Google, OpenAI, Meta, and VCs are increasingly embracing the US military industrial complex, a major Silicon Valley cultural shift supported by President Trump — In a major shift, Google, OpenAI, Meta and venture capitalists — many of whom had once forsworn involvement in war — have embraced the military industrial complex.| Drew Harwell / Washington Post: |
Families and funeral directors are using AI obituary generators to memorialize the dead, as critics worry about AI's impact on how people remember one another — Families and funeral directors are using AI obituary generators to more efficiently memorialize the dead. What happens when they get it wrong?| Jordan Novet / CNBC: |
A profile of Figma CEO Dylan Field, a former Thiel fellow whose Figma stake is worth ~$6.6B after the company ended its NYSE debut week with a $71B+ market cap — Mark Zuckerberg may be the most famous college-dropout-turned-tech- billionaire. Dylan Field is the latest … | George Osborne / Financial Times: |
Former UK Chancellor and Coinbase Advisory Council member George Osborne says the UK missed the first crypto wave and risks missing the stablecoin-driven second — If we were the world's only financial centre we could take our time to evaluate stablecoins — but we are not
More: The Guardian, crypto.news, The Crypto Times, Cryptonews, and American Banker
X: @pat_mayr, @faryarshirzad, and @sarthakgh
| Asa Fitch / Wall Street Journal: |
Microsoft's Q4 earnings show its non-AI “core infrastructure business” is booming, with consumer productivity software revenue up 20%, its best uptick in years — Company's non-AI businesses, including productivity software and cloud computing, are going strong| Renee Dudley / ProPublica: |
Microsoft relied on China-based engineers to maintain SharePoint “OnPrem”, which was recently exploited by Chinese hackers to breach US government systems — Microsoft announced that Chinese state-sponsored hackers had exploited vulnerabilities in its popular SharePoint software … | Wall Street Journal: |
How Disney is grappling with integrating AI into its filmmaking process while safeguarding IP and addressing legal uncertainty, fan backlash, and union concerns — The stakes are especially high for the studio, caught between how to use artificial intelligence in the filmmaking process …
More: TVNewsCheck
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Zoho:
Why eIDAS 2.0 might be the EU's boldest digital move yet — eIDAS: The first building block of digital trust More than a decade ago, the EU introduced the eIDAS regulation (Regulation [EU] No 910/2014) …
Why eIDAS 2.0 might be the EU's boldest digital move yet — eIDAS: The first building block of digital trust More than a decade ago, the EU introduced the eIDAS regulation (Regulation [EU] No 910/2014) …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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Channels with Peter Kafka:
"Neither Side Is Used to Losing." Lucas Shaw on What's Next for Netflix and Paramount in the Battle for Warner Bros.
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Tools and Weapons with Brad Smith:
Ted Sarandos: Netflix and how tech changed storytelling
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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