(Side Note: Last week I read Mark Zuckerberg's new Superintelligence memo and offered my reactions in a piece for Tech Policy Press — "Mark Zuckerberg is Out of Ideas. " If you enjoy it when I get mad and heckle the tech barons, I think you'll like this one. )Subscribe nowI wish every tech journalist was assigned John Kay's Other People's Money as required reading.
)Subscribe nowI wish every tech journalist was assigned John Kay's Other People's Money as required reading. The book is a decade old, but it could hardly be more timely. I do not believe it is possible to effectively report on the current AI boom without thinking hard about how tech has become finance, and finance has become an elaborate house of cards.
I do not believe it is possible to effectively report on the current AI boom without thinking hard about how tech has become finance, and finance has become an elaborate house of cards. Consider just a few recent headlines:Mira Murati's new AI startup, Thinking Machines, is now valued at $12 billion. The company launched in February 2025.