Patrick Galey @patrickgaley.bsky.social · 11hRelated www.forbes.com/sites/joemck...forbes.comDigging Out From The AI Money PitTrillions going into AI, but are trillions being gained? Bain survey raises questions about AI returns 020
Patrick Galey @patrickgaley.bsky.social · 11hThe funds are all paying out less than a 3rd of what creditors are demanding and the funds are now shrinking 100
Patrick Galey @patrickgaley.bsky.social · 18hThe AI bank run has started, FYI, and Oracle is going to run out of money by December www.forbes.com/sites/digita...forbes.comSerious AI ‘Bank Run’ Warning Issued— Wall Street’s Nightmare Is Suddenly Coming TrueA closely-watched Wall Street economist has warned that an AI-powered bank run could trigger financial chaos... 32810
Patrick Galey @patrickgaley.bsky.social · 18hKudos to @lighthousereports.com for their diligent and tenacious work on a legal travel against EU’s refusal to disclose vital information about data centres across the bloc Tenacity beats intransigence www.lighthousereports.com/investigatio...lighthousereports.comData Centre SilenceHow EU leaders sided with Big Tech over the public’s right to know about the true scale and environmental impact of the AI build-out, forcing a legal challenge to seek disclosure 053
Patrick Galey @patrickgaley.bsky.social · 20hEurope was 2.5C hotter than normal this summer. We’ve never had a year like 2026. And it will be the coolest summer of the rest of our lives www.theguardian.com/environment/...theguardian.comMay heatwaves, deaths, ruined harvests: study of Europe’s summer paints grim picture for the futureEU Copernicus report shows surface air temperatures from June to August were 2.5C above decadal average 0117
Patrick Galey @patrickgaley.bsky.social · 30/09/2026"You're absolutely right, I called when you asked for a put" www.ft.com/content/7fb7...ft.comSouth Korea’s AI-supercharged stock market is world’s worst in third quarterKospi tumbled almost a fifth in three months to September after July sell-off but is still up 60% this year 022
Patrick Galey @patrickgaley.bsky.social · 29/09/2026Untouchable creeps who so rarely encounter actual people with genuine emotions that they may as well be aliens 000
Reposted by Patrick GaleyEconDropout @rainbowbody.bsky.social · 29/09/2026Disclaimer I quit my economics PhD while writing a dissertation because I realized it was bullshit, but this seems like a suboptimal use of resource allocation. 151
Patrick Galey @patrickgaley.bsky.social · 29/09/2026Shame on everyone involved in creating a timeline where a company with a $42 billion operating loss and which spends $8 billion to make $4 billion can con enough land visitors into a $1 trillion IPO while claiming it is gonna kill us all 56126
Patrick Galey @patrickgaley.bsky.social · 28/09/2026Every single untouchable creep who says entirely made up stuff about the power of models is a shill trying to con you, stop taking what they say seriously and repeating it nypost.com/2026/09/25/b...nypost.comAI ‘doomer’ PR firm worked for Jacob Coxon as he sparked furor over safety while denying third-party help: reportA prominent PR firm with ties to AI doomsayers worked for Jacob Coxon as the ex-Anthropic researcher made national headlines for sounding the knell of the apocalypse about artificial intelligence, … 031
Patrick Galey @patrickgaley.bsky.social · 26/09/2026Edward Snowden still lives in exile and has a 30-year jail sentence hanging over his head for a security breach 1% as serious as this Since this is global, I propose a total global exile for SAM Altman and all those untouchable creeps who work for him giftarticle.ft.com/giftarticle/...giftarticle.ft.comOpenAI says governments among ‘dozens’ of organisations hacked by its agentsCompany says its models leaked images shared by users in a disclosure that is likely to further inflame AI safety fears 083
Patrick Galey @patrickgaley.bsky.social · 26/09/2026If you use any hyperscaled chatbot at all regularly you are providing vital information to untouchable creeps. Stop it www.theguardian.com/technology/2...theguardian.comOpenAI says agents leaked 53 images from ChatGPT users in latest example of rogue activityDisclosure reveals new area of privacy risk for the company and illustrates how difficult it is to inventory unauthorized activity tied to its agents 1106
Reposted by Patrick GaleyThe Serfs (youtube.com/theserfstv) @theserfstv.bsky.social · 24/09/2026Finally a talisman for untouchable losers who want to spy on people and be monitored 24/7 by even worse ones 2232981
Patrick Galey @patrickgaley.bsky.social · 23/09/2026Trump and Netanyahu owe you £840 - yes, you specifically www.ft.com/content/789c...ft.comUK homeowners take £840-a-year mortgage hit from Iran warRising borrowing costs triggered by Middle East conflict start to impact consumers’ spending power 021
Patrick Galey @patrickgaley.bsky.social · 22/09/2026I am the last person to disparage people from feeling under the pump with burnout etc but...seems a lot are sleeping on the option of: just don't work for the technofeudalist eugenicists in the first place? Like, realise these are actively harmful endeavours? www.ft.com/content/6087...ft.comAI staff complain of mental toll over fears of threat to societyTop researchers at Aisi, OpenAI, Anthropic and Google DeepMind report burnout and stress over developing powerful AI 021
Reposted by Patrick GaleyTheodor Von Bönghitz Adorno @tzraick.bsky.social · 21/09/2026lnkd.in/p/dWQyS8vD @patrickgaley.bsky.social does excellent work and puts a lot of it on LinkedIn.lnkd.inThe hyperscalers are committing mass fraud - more than 4X the debt at the height of the subprime mortgage crisis is currently leveraged in data centre planning and construction. I believe this… | Pat...The hyperscalers are committing mass fraud - more than 4X the debt at the height of the subprime mortgage crisis is currently leveraged in data centre planning and construction. I believe this matter... 001
Patrick Galey @patrickgaley.bsky.social · 21/09/2026A reminder that the only administration dumb enough to pursue Bibi's Bible Promise war is costing you money you can't afford to lose www.ft.com/content/2cf9...ft.comFuel subsidies weigh on public finances as energy crisis deepensThe number of countries with some form of consumer support for fuel costs has topped 90 001
Patrick Galey @patrickgaley.bsky.social · 20/09/2026This absolutely rhymes with Enron, btw www.ft.com/content/7f11...ft.comBig Tech uses guarantees to keep $300bn of AI exposure off balance sheetsWall Street finds new way to turn tech giants’ credit strength into cheaper funding for AI build-out 0118
Patrick Galey @patrickgaley.bsky.social · 19/09/2026You don't say? A company that can't retain custom, cannot charge the real compute costs and keeps getting hacked isn't worth $30 trillion?? www.ft.com/content/96d0...ft.comInvestors warn Anthropic could struggle to sustain revenues post-IPOOpenAI’s resurgence, cheap rivals and safety fears test faith in durability of business model 082
Patrick Galey @patrickgaley.bsky.social · 19/09/2026Off you fuck, then www.bbc.co.uk/news/article...bbc.co.ukBillionaire Manchester United owner Sir Jim Ratcliffe says he has lost confidence in UKIneos founder Sir Jim Ratcliffe tells the BBC he thinks the country is "on the slide" and calls for more investment in the North Sea. 191
Patrick Galey @patrickgaley.bsky.social · 19/09/2026Also there is journalism and then there is content and I feel even the most well meaning of reporters and platforms these days can sometimes miss where the line is. Lots of stuff produced solely to be pet rock debated (and therefore monetised via ad views) 020
Patrick Galey @patrickgaley.bsky.social · 18/09/2026I never trusted this guy. Now he’s joining the techno eugenicists www.theguardian.com/politics/202...theguardian.comFormer Labour deputy leader Tom Watson joins PalantirPeer takes full-time position at the controversial company as it fends off pressure from both Andy Burnham’s government and Sadiq Khan 061
Patrick Galey @patrickgaley.bsky.social · 17/09/2026I'm sorry but if any other industry so often said: what we're doing is unbelievably dangerous, so much so that it threatens humankind, but also you're not allowed to see... They'd be fined out of existence and laughed about forever www.ft.com/content/2c34...ft.comOpenAI discloses new ‘concerning’ model behaviourDeveloper launches system to track and report AI model misconduct 083
Patrick Galey @patrickgaley.bsky.social · 17/09/2026This framing, 3 years into a genocide against the Palestinian people, is scarcely believable Sport isn’t apolitical. This reporter (and his editors) are saying that history began on October 6. This is sportswashing. It is a denial of crimes against humanity www.bbc.co.uk/sport/footba...bbc.co.ukIsrael's Under-20 footballers and a golden generation of hope and talentCan the potential of a golden generation of Israel's footballers, in sport and society, be realised? 021
Reposted by Patrick GaleyNetpol @netpol.org · 17/09/2026Yesterday the far-right protested in Burgess Hill in Sussex following false Facebook rumours that a care home was turning into accommodation for people seeking asylum. Anti-fascists held a counter-protest. Police imposed a mask-free zone and we've had reports one person from Brighton was arrested 11713
Patrick Galey @patrickgaley.bsky.social · 17/09/2026Fossil fuels killed all those people in Nepal. The same fossil fuels that the generative AI industry are seeking to lock in and privilege for another 40 years www.theguardian.com/science/2026...theguardian.comClimate crisis likely behind devastating Nepal-Tibet floods that killed more than 1,300, first study findsScientists say global heating was a destabilising factor in collapse of 200,000 sq metre glacier in August 0217
Patrick Galey @patrickgaley.bsky.social · 16/09/2026Another year, another several dozen land and environmental defenders killed for working to protect their territory and nature from the deadly global plague of extractivist industry It is always a proud and profoundly sad moment to see @globalwitness.org publish globalwitness.org/en/campaigns...globalwitness.orgCollective power: The struggle for protection for land and environmental defendersIn 2025, Global Witness documented 124 land and environmental defenders were killed for protecting their land, territories, natural resources and communities 062
Reposted by Patrick GaleyKimberly @kimbasgarden.bsky.social · 15/09/2026The Australian government is suing 3M over failure to disclose the known health and environmental effects of PFAS. But we'll knowingly import it as components of the massive planned data centre build out. It makes no sense. www.theguardian.com/environment/...theguardian.com3M knew for more than 50 years that its products could harm humans, Australian government alleges in court documentsExclusive: Federal government court filings claim internal company documents included warnings about products being toxic 044
Patrick Galey @patrickgaley.bsky.social · 15/09/2026The equity and bond markets are behaving as if we are in either a GFC or a pandemic. When the AI debt bubble - 2x large as the mortgage backed securities market in 2007, I’ll remind you - pops the global economic impact will be as if we have both at once giftarticle.ft.com/giftarticle/...giftarticle.ft.comForeign investors prefer US stocks to Treasuries as debt worries growInternational flows into American equities exceed government debt for first time this century outside pandemic and aftermath of global financial crisis 032
Patrick Galey @patrickgaley.bsky.social · 14/09/2026A coincidence, I am sure, that the companies now loudly calling for greater regulation are also the ones that have positioned themselves as so far ahead on model development that only they can be consulted on how the industry is regulated What utter horseshit www.theguardian.com/technology/2...theguardian.comOpenAI urges UK lawmakers to rein in technology amid growing safety fearsWarning follows series of safety incidents, with parliamentary committee saying threats include public face-scanning and deepfakes 052
Patrick Galey @patrickgaley.bsky.social · 14/09/2026Generative AI is dangerous to humans, not in the Asimovian way the Anthropic creeps are carping on about, but in the way that it is literally poisoning our air and water www.theguardian.com/environment/...theguardian.com‘Tidal wave’ of Pfas being launched to satisfy AI industry, campaigners warnBig manufacturers planning to produce more of the forever chemicals to meet demand from datacentres 6337179
Patrick Galey @patrickgaley.bsky.social · 13/09/2026I'm a big Stiglitz fan but I don't believe that even he believes in the possibility of a non-extractive AI economy. The lists of things going wrong is too fulsome and his bright side scenario rests on regulation that the hyperscalers would rather kill than succeed www.ft.com/content/49c0...ft.comJoseph Stiglitz’s ‘progressive AI agenda’ for the economyA slow rollout will disappoint investors. A fast one risks undermining the industry’s own foundations. But managed carefully, this technology could benefit us all 032
Patrick Galey @patrickgaley.bsky.social · 13/09/2026I don’t think even Sam Altman can believe how lustily governments and institutions have thrown their money into his capex Chernobyl These people are career grifters - they know their products have very limited use cases and won’t ever achieve ROI giftarticle.ft.com/giftarticle/...giftarticle.ft.comRivals Altman and Musk rally behind Dario Amodei’s call for an AI slowdownWarring tech bosses unite behind warnings that humans could lose control of the technology 184
Patrick Galey @patrickgaley.bsky.social · 12/09/2026Notice how any “good” but totally unverifiable claim from Gen AI grifters is always reported in good faith but an bad and proven damage is always a claim? www.theguardian.com/education/20...theguardian.comAI may be denting computer science graduates’ job prospects, UK data showsEconomics graduates also appear to be affected as demand for them falls in well-paid roles in finance 2126
Reposted by Patrick GaleyFred Witting @fredwitting.bsky.social · 11/09/2026We have this exact chat. Right now it’s marketing hype. Bosses spending afraid somone else might pull ahead. Soon no ROI to justify the spend, AI labs must list before the tap is turned off. 111
Patrick Galey @patrickgaley.bsky.social · 11/09/2026Have you ever seen a spell so powerful as the one cast by hopecasted conjurings of "AI growth"? Show me one single metric this has anything to do with the use-case of AI and not just dumb bosses throwing their money away www.ft.com/content/e1aa...ft.comUK economy unexpectedly grew 0.4% in July boosted by AI surgeResilient start to third quarter comes as surging oil price reignites inflation fears 150
Patrick Galey @patrickgaley.bsky.social · 11/09/2026These are honestly the least impressive genre of people these days, warning about something dire as if they didn’t literally work on that exact thing and make 100s of thousands from abetting it Stfu and get in the sea you fascist dogsbodies www.bbc.co.uk/news/article...bbc.co.ukAnthropic researcher believes more than 10% chance AI 'could kill all humans'It is the latest in a series of increasing warnings about the safety threat posed by artificial intelligence. 091
Patrick Galey @patrickgaley.bsky.social · 10/09/2026Humans continually underestimate their impact on the natural world and overstate their capacity to fix it This paper out today shows how natural feedbacks triggered by our CO2 emissions could add 30% to post-2020 warming iopscience.iop.org/article/10.1... 0123
Patrick Galey @patrickgaley.bsky.social · 09/09/2026Chart of the day courtesy of @climatecasino.net: The largest recent El Niños sea surface temperature anomalies. Note that that 2026 is already above 4 and no others topped 3. Buckle up 077
Patrick Galey @patrickgaley.bsky.social · 09/09/2026That's the sound of 6 months of oil hopes and prayers disappearing in smoke. Houthis attacking KSA means Red Sea shippers are going to scurry, and they've been bearing the load of rerouted flows since March www.ft.com/content/c892...ft.comOil hits $100 for first time since JulyBrent crude advances as escalation in US-Iran war feeds fears of renewed global supply crunch 001
Reposted by Patrick GaleyRivers of Suggestion @youngweather.bsky.social · 08/09/2026cuts to it thru it 052
Patrick Galey @patrickgaley.bsky.social · 08/09/2026Which is? My father died 3 years ago of a brain tumour 100
Reposted by Patrick GaleyJeroen Kraan @jeroenkraan.nl · 08/09/2026Wat een geweldig stuk. "You could do the most unreasonable thing of all, and that is to imagine that things can get better." 103
Patrick Galey @patrickgaley.bsky.social · 08/09/2026Last week the UN confirmed we are going to miss the 1.5C Paris temperature goal. This is a story about how the people who killed our best hope at a liveable future didn’t do it through force. They did it by being reasonable. Please read and share! patrickgaley.substack.com/p/a-time-of-...patrickgaley.substack.comA Time of MonstersBeing reasonable has left us on the edge of destruction 387
Patrick Galey @patrickgaley.bsky.social · 03/09/2026We have to prepare for life not as normal. Next year will be unlike anything we have ever seen before. www.theguardian.com/environment/...theguardian.com‘Supersizing before our eyes’: UN warns of record El Niño approachingEvent is likely to be largest in at least 1,000 years and will pile extra heat into a world already in a climate crisis 0104
Reposted by Patrick GaleyPatrick Galey @patrickgaley.bsky.social · 01/09/2026A read about birds on the first day of Autumn. Their populations are collapsing globally, but there is real reason to fight and to hope. This is a reminder to keep looking up, while our skies are still alive. substack.com/home/post/p-...substack.comRemember birds?There comes a time in every man's life when he remembers birds exist. 1104
Patrick Galey @patrickgaley.bsky.social · 02/09/2026You can subscribe for free to my Substack, which focuses on what we have left to save, how we do that, and how hope is the only logical response to the narrative capture enabling the climate breakdown. Please consider it, it's free and I'm quite prolific! Thank you patrickgaley.substack.compatrickgaley.substack.comAll That's Worth Saving | Patrick Galey | SubstackCome with me as I chronicle the Anthropocene. I offer no answers. But I promise not to despair; it is not only unhelpful, it is illogical. I believe in the power of social movements and the power of w... 052
Patrick Galey @patrickgaley.bsky.social · 02/09/2026I've covered climate for a decade. We have never been closer to the billionaires' desired pathway. And therefore we have never been further away from a timeline that secures us all a liveable future. www.unep.org/news-and-sto...unep.orgUNEP: World set to cross 1.5°C global warming, but can still limit, adapt to and return from higher temperaturesGlobal temperature rise is set to cross 1.5°C, likely within the next few years, pushing climate risks and impacts to increasingly dangerous heights, but it is still possible to bring temperatures dow... 0128