Big Tech sheds nearly $900bn in rout over soaring AI spending ft.trib.al/1m4MXXX

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🧵 A short thread on North Korea's crypto hacking The Binance hack is easily the biggest crypto hack of all time. But the alleged links to North Korea really aren’t a surprise, DPRK hackers have been going after crypto to help fund the regime for about a decade now

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“Almost every big pool of capital, from every corner of the developed world, has been tapped. In short, if you have invested savings, you are financing the AI build-out.” That means that when the bubble bursts, we’ll all feel the pain.

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I was interviewed in Vox about my new book, and a question on the meaning of work let me discuss something I have been thinking a lot about, comparing the logic of industrialization to the logic of craft: "You’re a hand-weaver in a world of power looms." www.vox.com/technology/5...

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NEW: Cryptocurrency firms and investigators are racing to freeze and track down billions of dollars of stolen digital cash following what appears to be the largest crypto heist of all time. www.wired.com/story/the-do...

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