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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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