iiinova — where your digital self keeps evolving

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Ed Zitron @edzitron.com · 29/09/2026

Reuters got some of the IPO docs. Anthropic is a total dog of a company. Spent $12.6bn to make $4.6bn in revenue in 2025, $7.33bn of which was compute costs. Operating loss of $8bn. Losses getting worse year over year. Amazing stuff www.reuters.com/business/fin...

Summary
Companies
• Anthropic IPO could value the company at more than $2
trillion
• Anthropic lost $42 billion in 2025
• Al lab spent $7.33 billion on compute and infrastructure last year
• Operating loss widened to $8.06 billion in 2025 from $2.98 billion in 2024
• Execs, industry analysts have expressed concerns over harms of Al tech
Sept 28 (Reuters) - Anthropic is making a massive bet that Al will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.
But the cost to get there will be staggering. Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming year, according to the
prospectus.

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Ed Zitron @edzitron.com · 14/09/2026

Free newsletter: The idea that we're nearing the creation of AI systems that we can't control and that pose an existential threat to humanity is a lie and a distraction from the tangible harms and problems caused by LLMs and AI labs' near-unlimited resources. www.wheresyoured.at/ai-is-alread...

wheresyoured.at

https://www.wheresyoured.at/ai-is-already-in-dangerous-hands/

If you liked this piece, you should subscribe to my premium newsletter, and you can subscribe on the following links: $70 a year, $18 a quarter, or $7 a month. In return you get a weekly newsletter…

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Carl Quintanilla @carlquintanilla.bsky.social · 13/09/2026

“.. With Saudi oil now blockaded, Americans are about to discover why maintaining stability in the Middle East and not handing it to a consortium of Russia and Iran was always important.” @jayinkyiv.bsky.social

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Coolhandluke @coolhandluke123.bsky.social · 12/09/2026

Great thread from Doctorow. “AI” won’t become autonomous and kill humanity. But it may ruin the internet as we know it with these chatbots which can bypass security, supercharge fraud and fake slop and destabilise an economy based on an AI bubble house of cards. Get ready for an offline world

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 12/09/2026

Once you understand the corporate culture of AI hyperscalers is everyone cooking their brains by locking themselves in the bathroom, holding flashlights under their chins, and saying "Aaaaaaaaaay Eyeeeeeee" until they wet themselves in terror, things snap into focus: pluralistic.net/2023/06/04/a...

A cutaway view of a stone tower containing an elaborate water-powered medieval geared machine. Rising out of the machine is a rainbow-tinted, pixelated God with the robes, beard and all. To one side of this scene is a cluster of tiny people in Jesus-era robes, falling about themselves in religious ecstasy all over a stone staircase, atop of which stands a robed priest with his hands upraised. The background is a set of shining golden rays, emanating from pixel-God.

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James O’Brien @mrjamesob.bsky.social · 05/09/2026

The ‘British values’ brigade in action.

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Channel 4 News @channel4news.bsky.social · 03/09/2026

Undercover footage verified by Channel 4 News reveals a secret plot by senior Reform UK figures to break the law on party donations. A leading legal expert is now calling for a criminal investigation. 🔗 Read the exclusive story on Substack:

channel4news.substack.com

Exclusive: Nigel Farage filmed undercover celebrating secret new foreign donations

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Resolution Foundation @resolutionfoundation.org · 24/08/2026

Is welfare spending ''out of control''? It's estimated to be 11.1 per cent of GDP this financial year. That's just 1.1 per cent of GDP higher than in 2007-08, and total welfare spending has actually fallen by 0.9 per cent of GDP since 2012-13 ⤵️

chart showing Social security spending as a proportion of GDP, by category: GB

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Resolution Foundation @resolutionfoundation.org · 11/08/2026

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Lady Haha @lensman23.bsky.social · 05/08/2026

Story of many many Americans lives.. the medical stuff shouldn’t be political But somehow that has become Toxic too????

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Dan Neidle @danneidle.bsky.social · 14/07/2026

Stamp duty and council tax are terrible taxes. Land value tax could replace both - and Andy Burnham has backed it for 16 years. Who wins? Who loses? What happens to house prices? LVT could drive growth. But it isn’t easy. Our model shows its promise - and its problems.

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Dan Neidle @danneidle.bsky.social · 01/07/2026

Across all taxes, small businesses fail to pay between £30 billion and £48 billion of tax. These figures are massive. Enough to fund significant tax cuts or additional expenditure

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Luke Tryl @luketryl.bsky.social · 15/06/2026

Under 16s social media ban commands significant support from the public. From all of our conversations it’s seen as an area where people think individual parents can’t act alone and an area where they need government to help them take back control.

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 12/06/2026

Before "agentic AI," we had the idea that software was your agent on the internet. That's why the technical term for a browser is a "user agent." Your browser acts on your behalf to retrieve and show it you information, in the format you choose. It's your agent: pluralistic.net/2024/05/07/t... 1/

A pig in a sty. It is wearing badly applied lipstick. From behind one hairy ear pokes the Android droid.

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House of Commons Committees @hoccommittees.parliament.uk · 09/06/2026

Home ownership in England has fallen from 71% to 62.5% in just two decades. The Housing, Communities and Local Government Committee has published its report on how the government can help first-time buyers get on the property ladder. Read our report: committees.parliament.uk/committee/17...

Home ownership in England has fallen from 71% in 2003 to 62.5% in 2021. The decline has been particularly stark among young adults. Read our report.

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Dan Neidle @danneidle.bsky.social · 10/06/2026

The problem is not that stamp duty increases “backfire”. It is worse than that: they work fiscally, while doing real economic and human damage. Our full report is here. More detail and methodology with all code open sourced. taxpolicy.org.uk/2026/06/09/w...

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Justin Wolfers @justinwolfers.bsky.social · 11/06/2026

The President just said we're on the cusp of a deal with Iran. Today's post explores two fun facts: 1. It's the fiftieth time he's said this. (I counted!) 2. Even so, stocks rose on the news. newsletter.platypuseconomics.com/p/how-to-pri...

newsletter.platypuseconomics.com

How to Price A Liar

For the 50th time this year, we're on the cusp of peace. Apparently.

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Dan Neidle @danneidle.bsky.social · 05/06/2026

UK tax has gone up significantly over the last 25 years But the tax paid by the average UK worker has not This apparent miracle was achieved by taxing “other people”: higher earners, capital, property, banks, etc The strategy has run out of road A 🧵 on what happens next.

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Torsten Bell @torstenbell.bsky.social · 27/05/2026

Blair putting on full display what is in many ways his special ability - to lay out a political argument grounded in his own view of global trends (globalisation in the 2000s, tech in the 2020s). But… institute.global/insights/pol...

institute.global

The Labour Party Is Playing With Fire Over Its Future and the Future of the Country

In this essay, Tony Blair sets out the need for a new agenda for Britain.

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Resolution Foundation @resolutionfoundation.org · 23/05/2026

The private rented sector has more than doubled in size over the past 25 years - that's 8 million more people living in the private rented sector today than in the early 2000s. 🏠 Read more in our latest Housing Outlook ➡️ buff.ly/SNjZ77G

The chart shows the number of people by tenure of household head in GB.

The private rented sector (PRS) has grown hugely since the early 2000s, a shift that has played a significant role in how living standards have changed in Britain over the last quarter century. In 2024-25, 12.9 million people (in 5.2 million households) lived in the PRS, more than double the number in 2000-01 when the figure stood at 5.1 million people (in 2.5 million households)

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Ron Filipkowski @ronfilipkowski.bsky.social · 13/05/2026

Trump is stealing your money with his policies by making everything more expensive but he doesn’t care because his priorities are wars, ballrooms, reflecting pools, and self-enrichment.

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Devutopia @devutopia.bsky.social · 12/05/2026

The media come at Polanski and miss big time! This is a scary example of media bias to the Greens. They took a badly researched story from a Labour supporting tax guy ran it without doing any of their own checking. Now they're all exposed as idiots. And that was their best attack against Zack😂

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Ian Dunt @iandunt.bsky.social · 12/05/2026

One of the things Starmer's defenders on here get so wrong is to insist it's all about media froth. In fact, as that Jess Philips letter demonstrates, the most damning criticism of Starmer comes from those concerned about the policy and delivery process.

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 07/05/2026

I'm record saying that every economic bubble is terrible, but some bubbles *do* leave behind a salvageable productive residue while others leave behind nothing but ashes; indeed, this is the thesis of my next book, *The Reverse Centaur's Guide to Life After AI* us.macmillan.com/books/978037... 1/

The royal carriage of king Louis Philippe is burned in front of the Chateau d'eau during the French revolution of 1848, Paris 24th February 1848.

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Carl Quintanilla @carlquintanilla.bsky.social · 08/05/2026

“.. If you need a 'stock market is not the economy' visual, this is a good candidate: Tech stocks relative to the market: all-time high. “.. Tech jobs relative to all jobs: all-time low.” - Schwab

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Ron Filipkowski @ronfilipkowski.bsky.social · 07/05/2026

In other words, Trump and Hegseth have been lying to the American people.

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Ben Phillips @benphillips76.bsky.social · 06/05/2026

Sharing, without comment, British newspapers’ depictions of the only Jewish person currently leading a UK political party . Times. Mail. Telegraph. Sun.

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Resolution Foundation @resolutionfoundation.org · 16/04/2026

An energy and petrol inflation shock will unwind what was expected to be a decent year for living standards. Median household are now expected to be £480 worse off from inflation shock, seeing 0.6 per cent fall in living standards this year

Chart showing Projected annual growth in real equivalised household disposable income after housing costs, by non-pensioner income vigintile, historical and under two future scenarios: UK

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Caitlin Talmadge @proftalmadge.bsky.social · 11/04/2026

It is stunning that the US apparently did not take Iran’s threats to close the Strait seriously, nor does the campaign seem to have recognized the specific military importance of mines as a tool for asymmetric Iranian leverage. Quick thread 1/ www.nytimes.com/2026/04/10/u...

nytimes.com

Iran Unable to Find Mines It Planted in Strait of Hormuz, U.S. Says

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The Analyst @militaryanalyst.bsky.social · 08/04/2026

THIS SUMS IT UP AS WELL AS ANYONE CAN:

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Stephen Bush @stephenkb.bsky.social · 04/04/2026

How would we know? The Conservatives in 2019 and Labour in 2024 both ran on impossible promises and most of their partisans have spent the time since complaining that the voters are unreasonable. When was the last chance you gave them to *be* reasonable?

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Resolution Foundation @resolutionfoundation.org · 14/02/2026

We’ve seen a *massive* swing away from homeownership into expensive private renting. Mortgaged families dropped from 30% to 17% of Unsung Britain, while private renters nearly doubled. Almost as many people live with parents (15%) as own with a mortgage (17%).

Proportion of non-pensioner below-middle income families in different
tenure types: GB/UK

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Resolution Foundation @resolutionfoundation.org · 11/02/2026

Council Tax has become increasingly regressive. It now takes nearly 5% of income from the poorest families but barely 1% from the richest. For many, it's become a grinding monthly obligation to rival the Poll Tax.

Various taxes as a proportion of gross household income for nonpensioner
households, by whole-population income vigintile, after housing costs:
UK, 2023-24

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Hetan Shah @hetanshah.bsky.social · 15/01/2026

Great piece on pressures on European state pension schemes including this chart showing comparative cost now and projection to 2070. UK costs relatively low in comparison to most others www.ft.com/content/9c3c...

Comparison of pension costs across European countries

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Josiah Mortimer @josiahmortimer.bsky.social · 11/12/2025

"According to archive records seen by DeSmog, the IEA accepted more than £357,000 from fossil fuel giants – including BP, Shell, and Esso (owned by ExxonMobil) – between 1990 & 2005, adding to the £122,000 received between 1967 and 1989" And over £164k from Murdoch's News International in the 90s

open.substack.com

Revealed: The IEA’s oil and Murdoch money

New “groundbreaking investigation” into Tufton Street’s funding...

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—>realhackhistory.org @bsky.realhackhistory.org · 09/12/2025

This is from Computerworld in August of 1999, people were definitely worried that dot com stocks were overvalued and they were being told not to worry.

still makes sense to invest in dot.com stocks
NTERNET STOCKS have certainly been falling steadily, but they aren't about to totally collapse. Although investors like to think in terms of growth and earnings, stock prices are mostly a matter of fundamental beliefs, and only when those beliefs change do markets radically move. All hype aside, today's Internet enthusiasm rests on a foundation of six core, but often unstated, beliefs,

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Josiah Mortimer @josiahmortimer.bsky.social · 12/11/2025

"What I think Blue Labour believe is that Labour voters in the marginal Red Wall district have fundamentally different views on social (and maybe economic) issues than Labour voters in safe London seats. They don’t." open.substack.com/pub/benansel...

open.substack.com

Labour at the Margin...

...of survival

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Ian Dunt @iandunt.bsky.social · 10/11/2025

Should Gibb be sacked? yes, obviously. He's an abomination of basic journalistic standards. His GB News channel spreads conspiracy theory & disinformation. His Jewish Chronicle newspaper spreads invented stories. He is plainly trying to undermine the BBC so it's as bad as everything else he touches.

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John Burn-Murdoch @jburnmurdoch.ft.com · 10/11/2025

Quick thread on the BBC and the political and societal significance of recent developments: One of the main reasons the UK has historically been so much less polarised than the US, is that Britain has a shared source of information, consumed and trusted by most people regardless of their politics.

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Andrew Lawrence @ndrew.bsky.social · 07/11/2025

if you believe fully autonomous robot butlers are just over the horizon you are actually one of the dumbest motherfuckers alive and we should take your money from you so we can put it towards something worthwhile

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Charlie Warzel @cwarzel.bsky.social · 30/10/2025

so @matteowong.bsky.social & I wrote on data centers: arguably the most important buildings in the world & are, in a way, holding the economy hostage. Byzantine financial instruments, private equity, depreciating tech, hype, $trillion valuations. it’s all there. an ai crash prob starts here.

theatlantic.com

Here’s How the AI Crash Happens

The U.S. is becoming an Nvidia-state.

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Brian Merchant @bcmerchant.bsky.social · 27/10/2025

There's been endless talk about an AI bubble, but less about exactly how, why, and how much it's a bubble. So I turned to the framework put forward by scholars Brent Goldfarb and David A. Kirsch, authors of "Bubbles and Crashes," for assessing tech bubbles. Spoiler: On a scale of 1 to 8, AI is an 8

wired.com

AI Is the Bubble to Burst Them All

I talked to the scholars who literally wrote the book on tech bubbles—and applied their test.

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Dan Neidle @danneidle.bsky.social · 27/06/2025

The UK tax paradox: 1️⃣ The tax burden is at a post-war high, and 52% of us say we're over-taxed. 2️⃣ Yet the average UK worker paid less tax on their wages in 2024 than any previous year. And less than peers in the other big European countries. How can both be true? 🧵

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Ed Zitron @edzitron.com · 28/04/2025

Newsletter: I am sick and god damn tired of everybody pretending that generative AI is the next big thing. The media is complicit in accepting fantastical nonsense - both in the numbers put out by OpenAI and the silly jobs created by Anthropic - and it has to stop. www.wheresyoured.at/reality-check/

wheresyoured.at

Reality Check

I'm sick and god-damn tired of this! I have written tens of thousands of words about this and still, to this day, people are babbling about the "AI revolution" as the sky rains blood and crevices open...

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