An NYT Magazine article looks at how casino wealth and online platforms are spreading gambling everywhere. Although I’d disagree with the author’s idea that techbros are into gambling with their own money: as we’ve seen by their outrage over any attempt to regulate AI, they don’t want to gamble. They want a surety they’ll get richer and richer. And despite Marc Andreessen’s description of himself as an apex predator risking everything, even if they lose they’re at no great risk: a billion out of Andreessen’s pockets would hurt emotionally but it won’t leave him struggling to pay the rent.
As this post points out, gambling is much easier today than when I was a kid. No need to travel to a casino or a betting parlor, you can do it on your phone. And for all the talk about responsible betting, the industry, as Paul Campos at LGM has observed (no direct links) makes its money on people willing to bet big. The guy who lost all his money betting on the ponies used to be a staple of thrillers and mystery fiction, and had its template in real life. This will create more of those losers.
Returning to my point about how the techbros hate risk, they’re all in on using the government to make returns on their investments a sure thing. Great for them, not so good for the rest of the economy as data center-construction is crowding out other investments. The techbros have given the Toddler lots of money and he’s paying them back. In more ways than one. The Toddler is happy to let techbros police themselves and touts his big innovation of calling LLMs “super-intelligence.” Which cannot be hacked … until someone does it.
Microsoft says its big data centers will be good neighbors. It’s not willing to put its money where its mouth is.
It’s alarmingly easy to make AI music, then release it to a real band’s Spotify. Three guesses who gets the money. Or how about this: one Michael Smith streamed thousands of AI songs to music services, then had bots listen to them to generate revenue. He gained $8 million, which he’ll have to pay back due to being convicted and spending 18 months in prison.
Irony: people training AI are getting fired for using AI to do their jobs.
“At 8:15 p.m., Greg Pirio heard the generators start. By dawn, the lung pain he described had pushed him out of his Sterling home and sent him 15 miles down the road to his daughter’s house in Vienna,” due to fumes from the data center.
Wired says “according to interviews with more than two dozen workers, all of whom spoke under the condition of anonymity to avoid jeopardizing their employment, publishers are now using LLMs like Claude and ChatGPT to email literary agents, write publicity and back-cover copy, design cover art, and generate marketing materials, often at the direction of their executives.” One of the quoted employees says it’s infuriating the publishers are going this route instead of paying employees better.

























