Category: Joints After Midnight & Rants

When Tech Gets Too Big To Fail

I opened my annual predictions last week by noting that the technology industry had leapfrogged finance as the most powerful political force in the business world. But the news today that Meta is all but abandoning content moderation in favor of a decidedly Trump-friendly “let them say whatever the f*ck” approach has prompted me to revise that sentiment a bit.

It’s not that Tech has overtaken Finance. It’s that Tech has…become Finance. It’s become the most rapacious, amoral, win-at-all costs industry in the world. Consider:

  • Meta not only abandoned its content moderation practices (which, in turn, will allow it to supercharge its business model), it’s also building AI engagement chatbots aimed at juicing its bottom line, hired a Trump loyalist (and proponent of violence as entertainment) to join its board, and elevated a Trump devotee as its head of policy and communications. The company has pulled out every possible stop to ensure it profits from the next four years of Trump rule.
  • The global financial system is now dominated by the stock performance of tech companies. Nine of the top 10 S&P stocks by weight are tech companies. The entire S&P 500 is, in the words of one economist, “simply NVIDIA in drag.” When this is the case, finance becomes beholden to tech; now it’s tech companies, not banks, that are “too big to fail.”
  • The CEOs or founders of OpenAI, Apple, Amazon, Meta, Ripple, Robinhood, and countless others have given large sums of money to Trump in recent weeks. It’s difficult to see this payola as anything more than bribes and down payments meant to protect Tech’s position in a new world order built on … Tech.
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Apparently, Brand Safety Is Dead. That’s Good For News, No?

SHOT.
CHASER.

If you want to understand where the zeitgeist is headed in Silicon Valley, you have to study The Information, the clubby, well-sourced favorite read of Valley oligarchs. The publication made its reputation by commanding lofty subscription prices back when nearly all tech news was free; it now enjoys multiple revenue streams, including advertising, events, and a “pro” version for $750-$999 a year. I’ve been a subscriber (of the “regular” variety) for years, and I probably always will be.

That said, every so often The Information runs a story that is so clearly aligned with the interests of the plutocracy it begs to be called out. “Advertisers Retreat From Social Media Policing” is its latest entry in this category. The piece opens with a stupendous straw man: “For several years, a favorite tactic of progressives agitating against social media and conservative news outlets has been pressuring marketers to pull their ads.”

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Technology, Humanity, and the Existential Test

I’m still digging through some of the pieces I posted at the now defunct NewCo Shift, and found this piece, adapted from a talk I gave at the Thrival Humans X Tech conference in Pittsburgh back in September of 2018. I was alarmed by trends that I saw intensifying – a push by the tech industry to deregulate their power, the growing influence of private company algorithms on public domains, the rise of autocratic politics and “technocapitalism.” Six years later, it feels like I could give this talk again today, nearly word for word – and it’d be even more relevant. 

—

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What’s SearchGPT Really About? Moving Past the Training Data Dilemma.

This morning we awoke to one story dominating the tech news landscape: OpenAI is “expanding into search,” launching SearchGPT, a prototype that appears to be a direct competitor to Google (and Bing and Perplexity, not that they really matter). But despite the voluminous coverage, my initial take is that once the hype cycle passes – I give it a day or two – OpenAI’s true goal will emerge: fixing the optics of its approach to training data.

The company doesn’t have the resources to take on Google on its core turf. So why announce SearchGPT now? This is speculation, but I’d wager it’s because the company is in a perilous place. It built its business – one that could lose up to $5 billion this year – by scarfing up the entire Internet, mostly without permission. It’s facing a serious backlash from both established publishers and governments. In response, it’s been busy cutting deals with as many partners as it can, and this search prototype feels driven by those optics.

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Wrestling With The Gray Lady

Find the Search button…

The other day my wife and I heard a report on our local public radio station that mentioned the Biden Administration’s American Climate Corps (ACC) initiative, a new program seeking to recruit 20,000 young people into jobs on the front line of the climate crisis. Modeled on Franklin Roosevelt’s Depression-Era Civilian Conservation Corps (CCC), the program is a signature element of Biden’s response to what anyone with a pulse knows is the most pressing issue of our day: we’re destroying the planet through misguided economic incentives.

But despite the fact that the ACC was launched with much fanfare last Fall, my wife and I had never heard of it. We have three young adult children whose future feels in doubt because of climate change, and they’d never heard of it either – not a good sign for a program that hopes to recruit tens of thousands of people just like them. All five of us feel like we’re reasonably well informed. I mean, we read The New York Times, don’t we?

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Mine, Mine, All Mine

The original MusicPlasma interface. Author’s musical preferences not included…
  1. No Longer Mine 

When I write, I like to listen to music. Most of my first book was written to a series of CDs I purchased from Amazon and ripped to my Mac – early turn of the century electronica, for the most part – Prodigy, Moby, Fat Boy Slim and the like. But as I write these words, I’m listening to an unfamiliar playlist on Spotify called “Brain Food” – and while the general vibe is close to what I want, something is missing.  

This got me thinking about my music collection – or, more accurately, the fact that I no longer have a music collection. I once considered myself pretty connected to a certain part of the scene – I’d buy 10 or 15 albums a month, and I’d spend hours each day consuming and considering new music, usually while working or writing. Digital technologies were actually pretty useful in this pursuit – when Spotify launched in 2008, I used it to curate playlists of the music I had purchased – it’s hard to believe, but back then, you could organize Spotify around your collection, tracks that lived on your computer, tracks that, for all intents and purposes, you owned. Spotify was like having a magic digital assistant that made my ownership that much more powerful. 

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Do We Even Have The Spine To Sacrifice, Just A Little Bit?

Thanks President Bush.

Old people are always complaining about how things were harder when they were young. Walking to school in the snow, uphill both ways, that whole thing. So forgive me as I embark on what initially might feel like that old man trope, but stay with me. I’m trying to make a larger point, and I have to start with a few stories of how things were in the Before Times.

So. Back when I was a kid, Big Things That Were Not Entirely In Our Control would happen. Presidents and Governors would get on the (usually black-and-white) TV, imploring us – all of us, mind you, every single citizen of these United States – to do something that would help alleviate the situation. The actions we were asked to take weren’t particularly terrifying – it’s not like we were getting called up to war (though the last-ever draft, for Vietnam, was still fresh in everyone’s mind.)

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The Messenger Deserved Its Demise. Its Staff? Not So Much

Well that didn’t go well.

I predicted the death of Jimmy Finkelstein’s The Messenger as soon as I read about its impending launch back in March of last year. At the time I had just soft-landed The Recount and was licking three decades of wounds related to launching, running, selling and shuttering digital media startups. And lo! Here was a guy claiming he was going to solve all of digital media’s woes with…what exactly? “Polyperspectivity”?! (No, really, that’s what they called their approach to news coverage.) And a business model ripped from the pages of Business Insider, circa 2012? I was already shaking my head, but then I read this:

“Richard Beckman, a former president of The Hill and Condé Nast who will be The Messenger’s president, said in an interview that the company planned to generate more than $100 million in revenue next year, primarily through advertising and events, with profitability expected that year.”

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Eat Sleep Drink Dream – Flipping Work and Life For A Year

I will not forsake you. But I might not call as often as I used to.

I don’t often write about personal things here, but the two most-read posts of this past year were Mastering The Rudiments, about my journey with learning the drums, and Unretirement, a personal reflection on my career.

I wrote both of those back in May – a shoulder month between seasons. In May, the year hasn’t hardened into disappointment or routine, there’s still time to change course. Now that the year has passed, I’ve found myself wanting to Think Out Loud a bit, in particular about a goal I set for myself this year. In “Unretirement” I explained that after seven companies, I had decided to get off the startup train for good: “As any founder can tell you, being in charge of millions of dollars of invested capital and scores of trusting employees is exhausting.” What I didn’t mention was that I promised myself I’d not commit to anything full time – no new startup, to be sure, but also, no project of any kind that would dominate my time and warp reality in its wake. My goal was to simply…be.

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Why Prime Time TV Might Make a Comeback

I hate to admit it, but I miss prime time.

For those of you born after Seinfeld went off the air, “prime time” dominated an era when television viewers only had three or four choices at any given time. Before streaming took over our devices, before cable devolved to 500 channels with nothing to see, there was “prime time television.” If you’re old enough to remember when Friends ruled “Must-See TV,” you (and tens of millions of others) likely spent a fair amount of your weeknights engaged with prime time’s three-hour post-dinner programming block.

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