Read Oracle’s filing again and watch the capital, not just the jobs. In the same annual report where Oracle’s headcount fell by about 21,000, it laid out an enormous AI infrastructure buildout. Oracle spent 55.7 billion dollars on capital expenditures in the fiscal year that just ended. For the current year management guided to about…
Dario Amodei (@DarioAmodei) runs Anthropic (@AnthropicAI), one of the largest AI companies in the world. This week he published a long essay on how policy should respond to what he calls the AI exponential. Most of the coverage will treat it as a Washington story about regulation and tax. I want to pull out the…
This week Anthropic (@AnthropicAI) confidentially submitted a draft S-1 to the SEC. That is a confidential first step that gives the company the option to pursue an IPO after SEC review and market conditions. It appears to put Anthropic ahead of its rival OpenAI (@OpenAI) among the major frontier labs moving toward public markets. The…
Two years ago the two most powerful people in AI told you your job was in danger. This week, weeks before they take their companies public at valuations near a trillion dollars, both of them changed their tune. Sam Altman now says he was “pretty wrong” and is “delighted to be wrong” about entry-level jobs…
The pitch goes like this. AGI will make everything so cheap that money almost stops mattering. Energy may fall toward free. Healthcare may become nearly automatic. Housing may get built by machines at a fraction of today’s cost. The government will tax the productivity gains, send everyone a regular check, and all of us will…