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@#12 ... They are not necessarily losing money on every transaction because defining "transaction" in AI is very complex and involves many different, non-uniform costs. ...

The cost of AI tokens (cost per transaction) has risen significantly.

Palo Alto CEO Arora says AI pricing needs to fall 90% as token costs skyrocket
https://www.cnbc.com/2026/07/09/palo-alto-ceo-arora-ai-pricing.html

... Palo Alto Networks CEO Nikesh Arora told CNBC on Thursday that high token costs need to come down as much as 90% to promote enterprise adoption ...

Rising token costs have emerged as a major pain point for businesses and put a strain on AI budgets. The current pricing, he said, makes AI tools increasingly difficult for businesses to implement. ...


... also, related ...

www.theregister.com

... To put some of these capex forecasts in perspective, I think Amazon is saying that it's planning north of two hundred billion in AI build outs this year. Microsoft's looking at one hundred and ninety billion. Google a hundred and eighty billion. Meta one hundred and forty billion. I mean this is a lot of money being tossed around for potentially no returns, right? ...

How the AI bubble could pop and take down the global economy, according to the BIS
www.theregister.com

... The central bank for central banks is concerned about the eye-watering sums being invested into AI, and it's raising the specter of a global recession should the bubble burst.

In its annual report for 2026, the Bank for International Settlements compared the current craze to historical events, including canal and British railway mania in the 1800s, electrification exuberance of the 1920s, and the dotcom boom of the 1990s.

The report states: "all shared one common trait: a genuine technological breakthrough that attracted capital in excess of what commercial returns could ultimately justify. ...



Will the AI craze burst? I hope not.

But I cannot predict the future ...



Sen. Lindsey Graham dies at 71 from aortic dissection, according to medical examiner's preliminary findings
www.cbsnews.com

... Graham's spokesperson said Sunday afternoon the cause of death was aortic dissection due to Arteriosclerotic Cardiovascular Disease, according to preliminary findings by the Medical Examiner of the District of Columbia. ...

__________
#7 | Posted by donnerboy at 2026-07-11 02:23 PM
If you think AI is just about automated office tasks then you haven't been paying attention.

Today's "AI" is, mostly automation.


AI's reach extends far beyond basic "office tasks" because it handles complex workflows, accelerates physical and digital problem-solving, and increases the overall speed of tasks with less human error.

Instead of just drafting emails or sorting data, advanced systems will coordinate projects, analyze deep patterns, and drive major operational shifts. There is even an AI running its own business in SF now.

"Luna / Andon Market: An autonomous AI agent given a budget and lease to run a real storefront in San Francisco."

That sounds like a really lovely marketing material template of almost any "AI" prospectus.

www.businessinsider.com - Claude Code's creator says his setup involves thousands of AI sub-agents doing 'deeper work' overnight - 2026-05-13

|------ Anthropic engineer Boris Cherny says his coding setup now involves "a few thousand" AI agents working for him overnight.

Cherny, the creator of Claude Code, described his AI workflow during an interview with Sequoia Capital on May 4.

His answers - including how he mostly runs the agents via his phone - highlighted how some Silicon Valley engineers are beginning to use AI systems less like chatbots and more like always-on autonomous assistants.

Cherny said he relies heavily on two Claude Code features built for persistent automation: /loops and Routines.

He said users can schedule /loops locally via cron, while Routines run recurring tasks on a server, allowing engineers to keep agents working after their laptops are closed. ...
-------|



Stories like this are popping up nearly every day now.

Yes, of course. There are also "stories" nearly every day that don't make it into popular, mainstream press.


"A pair of humanoid robots crossed a major medical milestone this week after successfully performing gallbladder removals in pigs for the first time ... "

Intuitive Surgical's DaVinci robots (and their copycats) are old news and have been on the market since early 2000s; if you have seen phrase "minimally invasive surgery" it most likely refers to all kinds of robot-assisted medical procedures, from head to toes.
"In 2012, it was used in an estimated 200,000 surgeries, most commonly for hysterectomies and prostate removals."

And robotics may or may not include AI, but often confused with AI because most are usually consumer-facing, even if it's as simple as Roomba.


The Singularity is Nearer.

Yes, every day, by definition... but none of what you posted before is even remotely close to Singularity, or much beyond automation of previously "manual" tasks.

In fact, most of what was described in that 'prospectus' I could run much cheaper on a network years ago with a logic module, few scripts and not very sophisticated task scheduler, with or without ERP or "supervising" the process.

I didn't call it AI.
__________

Meanwhile, back at the Kennedy Center...

Democrat announces whistleblower allegations of construction problems at Kennedy Center
apnews.com

... A Democratic senator on Saturday alleged that whistleblowers have detailed several problems stemming from rushed or improper reconstruction of the Kennedy Center, adding a new layer to the travails of the arts complex as President Donald Trump tried to seize control of it and its name.

Sheldon Whitehouse of Rhode Island said in a release on Saturday that he had received a whistleblower disclosure from the Government Accountability Project, a nonprofit whistleblower protection group, alleging that "the Center rushed a series of renovations driven by the President's aesthetic whims and his desire to star in a series of televised events in December."

"The Center's subservience to the President's desires and its corner-cutting contracting practices have resulted in steel columns that are rusting through fresh paint, a reflecting pool that may have to be torn out and rebuilt, and a brand-new bathroom floor torn out over an offending tile color," Whitehouse continued. "This is waste, and it treats a national memorial to President Kennedy as if it were a private renovation project." ...


@#7 ... Probably because it would be unconstitutional. The feds can provide guidelines, standards, funding and assistance in implementing any new policies, but they must still be run by the states. ...

ArtI.S4.C1.2 States and the Elections Clause
www.law.cornell.edu

... By its terms, Article I, Section 4, Clause 1, referred to as the Elections Clause, contemplates that state legislatures will establish the times, places, and manner of holding elections for the House of Representatives and the Senate subject to Congress making or altering such state regulations (except as to the place of choosing Senators).1

The Supreme Court has interpreted the Election Clause expansively, enabling states "to provide a complete code for congressional elections, not only as to times and places, but in relation to notices, registration, supervision of voting, protection of voters, prevention of fraud and corrupt practices, counting of votes, duties of inspectors and canvassers, and making and publication of election returns." 2

The Court has further recognized the states' ability to establish sanctions for violating election laws3 as well as authority over recounts4 and primaries.5

The Elections Clause, however, does not govern voter qualifications, which under Article I, Section 2, Clause 1, and the Seventeenth Amendment must be the same as the "Qualifications requisite for Electors of the most numerous Branch of the State Legislatures." 6 ...


__________
lots of VC in AI right now

#6 | Posted by ClownShack at 2026-07-12 12:20 PM
- - - - - The Vietcong are back and they're doing AI???

VC stands for "Venture Capital" - quite a lot of VC firms are in Silicon Valley.

If you read a little further in the article than the hype about SV you'll find this about "why" and concentration of capital in a specific industry within technology sector:


|------- ... To be sure, the surge in the size and number of monster deals could be overshadowing other money-raising efforts from smaller companies and investment by smaller funds, industry experts said.

Nearly 90% of invested dollars went to AI firms, up from last year, when around 65% of new funds were allocated to AI.

"If you're a tech company and you're not an AI company, you have a very, very difficult opportunity ahead of you to raise capital," Stanford said.

This concentration of capital in AI leaves smaller, middle-of-the-road venture funds without large AI holdings struggling to return capital to their investors.

Only the largest funds, such as Andreessen Horowitz and Sequoia Capital - which possess the war chest to back OpenAI, Anthropic, and SpaceX - stand to gain from their initial public offerings of stock.

"It's going to concentrate the fundraising over the next few years as well into these already very large names," Stanford said.

Beyond the two potential blockbuster listings - Anthropic and OpenAI, each valued around $1 trillion - the IPO pipeline is thin.

"We don't really have a strong IPO market," Stanford said. "Obviously, SpaceX's IPO is great. OpenAI and Anthropic, if they go out this year, will be very large drivers of distribution. But a vast majority of investors do not have exposure to them, and so that money will not make it back to them." ...
-------|


Well, OpenAI delayed IPO because of fear that the current valuation is closer to $750B, which is far short of $1T and would be considered a "failed IPO"... Anthropic is watching for now, since it's in only slightly better position than OpenAI.

There are already doubts about when or if the ROI on AI will materialize, and the tremendous debt needed to be raised for capex, due to rising costs of datacenters, memory and quickly outdated processors and availability of energy and qualified AI personnel, as well as ongoing "brain drain" due to Trump's immigration and "China Initiative" policies.

If OpenAI and Anthropic IPOs "fail" it could spell the beginning of the bust of entire hugely overvalued market, e.g., SPCX has already given most initial gains from IPO price.

Concentration is not just in the US - TSMC, Samsung, and SK Hynix now make up more than 30% of the MSCI Emerging Markets Index - as much as the exposure of the "Mag 7" in the S&P 500. Overall, technology accounts for 45% of the emerging market index.

Some may remember the high concentrations in overvalued markets during dot-com bubble of 1999-2000 and financial bubble of 2006-2008.
__________

Good account from the photographer - see also www.theguardian.com - who's line about being an Army photographer is classic.

As for the bison, really hard to overstate: they are EXTREMELY dangerous, easily riled, fast, and can turn on a dime. The bearded guy seemed to be doing about what he could. The buffalo appeared to have staked out that table, perhaps as a feeding area? Anyway, when in places like Yellowstone it helps for perspective's sake to bear in mind you've crossed over the wall between your world and theirs. Think of it kind of like Jurassic Park. Or Florida.

Another view ...

China rejects South China Sea ruling on 10-year anniversary
theprint.in

... China renewed its rejection of the South China Sea arbitration ruling and criticized a joint statement by the US and its allies marking the 10th anniversary of the decision.

China's Foreign Ministry said the ruling was "illegal and invalid" and carried no binding force, reiterating in a statement on Sunday that Beijing neither accepts nor recognizes it. ...


@#74 ... Obama privately said, "Don't underestimate Joe's ability to f*** things up." ...

Did Obama Say 'Don't Underestimate Joe's Ability to F**k Things Up'?
www.snopes.com

... Former U.S. President Barack Obama once said of U.S. President Joe Biden, "Don't underestimate Joe's ability to f**k things up."

Rating: Unproven

About this rating

In October 2022, Twitter users shared a purported quote that claimed former U.S. President Barack Obama once said of U.S. President Joe Biden, "Don't underestimate Joe's ability to f**k things up." ...



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