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This account quotes the Bluesky posts that @techmeme.com links to from techmeme.com
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This post appeared under this Techmeme headline:
AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025. Elon Musk’s net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gains.
www.theguardian.com/business/202...
AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025
Elon Musk’s net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gains
www.theguardian.com
December 27, 2025 at 4:23 PM
This post appeared under this Techmeme headline:
December 27, 2025 at 4:23 PM
This post appeared under this Techmeme headline:
Musk’s net worth increased by nearly 50% year-on-year to $645bn. Musk sits ahead of Google co-founder Larry Page and Amazon founder Jeff Bezos in the overall rankings of the world’s wealthiest billionaires. Page is estimated to be worth $270bn, and Bezos $255bn.

www.theguardian.com/business/202...
AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025
Elon Musk’s net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gains
www.theguardian.com
December 27, 2025 at 4:21 PM
This post appeared under this Techmeme headline:
m@ga been trained to obey every word from the oligarchy at this point...but come the f*&k on

thanks to the AI bubble, tech titans have added over $500B collectively to their net worth

meanwhile, 🍊🐷 continues to lie about a check paid for by tariffs for them 🤢

www.theguardian.com/business/202...
AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025
Elon Musk’s net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gains
www.theguardian.com
December 27, 2025 at 4:07 PM
This post appeared under this Techmeme headline:
They have pitched this number time and time again, but it doesn’t really matter: you have to look at the EU’s market share in the global value chain — which is around 10 to 11 percent, nowhere close the 2030 target of 20 percent.
The European Commission claims €80B of €120B in post-EU Chips Act investments remain on track, despite the stalled GlobalFoundries-STMicro project in France (Virginie Malingre/Le Monde)

Main Link | Techmeme Permalink
December 27, 2025 at 4:06 PM
This post appeared under this Techmeme headline:
American privacy is officially being deported. Flush with $300 million in spy tech and stripped of privacy guardrails, ICE evolves from deportation force to domestic surveillance giant. By mining tax and health records, Noem casts a digital dragnet wide enough to snag citizens and critics alike.
ICE’s interest in high-tech gear raises new questions: ‘What is it for?’
The immigration agency’s surveillance tools and increased access to government databases draws privacy concerns.
www.politico.com
December 27, 2025 at 3:03 PM
This post appeared under this Techmeme headline:
Effect, meet cause.

You see... the retail traders have pushed the stock up, which, well... raises its P/E.

So investors are not doing so despite the P/E, but the P/E is because of the investors.
Despite Palantir's high trailing P/E ratio of ~450x, retail traders have poured billions of dollars into the stock, which is up ~3,000% in the past three years (Alex Harring/CNBC)

Main Link | Techmeme Permalink
December 27, 2025 at 3:03 PM
This post appeared under this Techmeme headline:
The crash we are in for will be spectacular.
Despite Palantir's high trailing P/E ratio of ~450x, retail traders have poured billions of dollars into the stock, which is up ~3,000% in the past three years (Alex Harring/CNBC)

Main Link | Techmeme Permalink
December 27, 2025 at 3:03 PM
This post appeared under this Techmeme headline:
"[U]ltra-low latency agentic reasoning workloads"

These guys claim to be analysts doing analyst things, but at core they're just arranging words together like those magnetic mad libs for refrigerators.
As inference splits into prefill and decode, Nvidia's Groq deal could enable a "Rubin SRAM" variant optimized for ultra-low latency agentic reasoning workloads (Gavin Baker/@gavinsbaker)

Main Link | Techmeme Permalink
December 27, 2025 at 3:02 PM
This post appeared under this Techmeme headline:
"A Wealth Tax Floated In California Has Billionaires Thinking Of Leaving"

IMO, there should be a 'wealth tax' introduced in every state for the super wealthy...

#California #WealthTax

www.nytimes.com/2025/12/26/t...
A Wealth Tax Floated in California Has Billionaires Thinking of Leaving
www.nytimes.com
December 27, 2025 at 3:02 PM
This post appeared under this Techmeme headline:
Good don’t let the door hit you in the ass. And fk Gavin Newsom for being opposed to the tax.
Sources: Peter Thiel and Larry Page may leave CA over a proposed ballot measure, opposed by Newsom, that levies a one-time 5% tax on those with $1B+ in assets (New York Times)

Main Link | Techmeme Permalink
December 27, 2025 at 3:02 PM
This post appeared under this Techmeme headline:
I get tired of super wealthy people whining about paying taxes, especially when public investments helped them make fortunes. Nonetheless, it is true that tax avoidance is a state/local issue when trying to raise revenue. More should be done at the federal level.

www.nytimes.com/2025/12/26/t...
A Wealth Tax Floated in California Has Billionaires Thinking of Leaving
www.nytimes.com
December 27, 2025 at 2:58 PM
This post appeared under this Techmeme headline:
"Social media platforms with infinite scrolling, auto-play and algorithmic feeds will be required to display warning labels about their potential harm to young users’ mental health under a new law, New York Governor Kathy Hochul announced on Friday."
New York to require social media platforms to display mental health warnings
Social media platforms with infinite scrolling, auto-play and algorithmic feeds will be required to display warning labels about their potential harm to young users’ mental health under a new law, New...
www.reuters.com
December 27, 2025 at 2:57 PM
This post appeared under this Techmeme headline:
December 27, 2025 at 12:02 PM
This post appeared under this Techmeme headline:
Gov. Gavin Newsom goes to bat for Epstein’s Silicon Valley network.

“For Mr. Page, whose net worth is $258b, the measure could result in a one-time tax of more than $12b. The tax bill for Mr. Thiel, whose net worth is around $27.5b, could be more than $1.2b.”

www.nytimes.com/2025/12/26/t...
December 27, 2025 at 11:53 AM
This post appeared under this Techmeme headline:
Californians should wish the mega-billionaires good riddance and send them off to the Florida swamps or wherever they want to drag their sorry tax-evading, Trump-appeasing asses. The point is that they don't want to pay their fair share, so time to say...bye-bye. www.nytimes.com/2025/12/26/t...
A Wealth Tax Floated in California Has Billionaires Thinking of Leaving
www.nytimes.com
December 27, 2025 at 11:52 AM
This post appeared under this Techmeme headline:
Even if it doesn't pass, getting Newsom on record as opposing taxes on billionaires is very useful. And California will be better off if the oligarchs actually move to Florida
A Wealth Tax Floated in California Has Billionaires Thinking of Leaving
www.nytimes.com
December 27, 2025 at 11:52 AM
This post appeared under this Techmeme headline:
These billionaires are so serious about leaving California that they're speaking through [squints] all anonymous people.

www.nytimes.com/2025/12/26/t...
December 27, 2025 at 11:52 AM
This post appeared under this Techmeme headline:
People are saying this is an empty threat because they’ve already not followed through with this in the past, but I think it’s an empty threat because they keep threatening to destroy society if they’re forced to pay any taxes, but they’ve already not been paying taxes and destroyed society anyway.
Billionaires are considering cutting or reducing their ties to California by the end of the year because of a proposed ballot measure that could tax the state’s wealthiest residents.
December 27, 2025 at 11:52 AM
This post appeared under this Techmeme headline:
we’ve been over this

we just did this in Massachusetts

they’re not gonna leave, they’ll whine and bitch and moan and eventually this will raise more money than expected because nowhere they go is actually like the place they’re leaving
Billionaires are considering cutting or reducing their ties to California by the end of the year because of a proposed ballot measure that could tax the state’s wealthiest residents.
December 27, 2025 at 11:49 AM
This post appeared under this Techmeme headline:
Maybe Groq's chips are legit, maybe they not, or maybe they're not *yet*, but even $20B is a relatively – for NVIDIA – small price to pay to effectively lock this team and tech up. Some last-minute Christmas shopping for Jensen Huang...
NVIDIA’s Christmas Eve 'Hackquisition' Miracle
NVIDIA gets a creator of the TPU, access to inference tech & IP, and stops anyone else from getting such things. All for a mere $20B...
spyglass.org
December 27, 2025 at 2:06 AM
This post appeared under this Techmeme headline:
What are we even doing at this point? If they're that bad for young users' mental health, how do *warning labels* solve the problem?
“Social media platforms with infinite scrolling, auto-play and algorithmic feeds will be required to display warning labels about their potential harm to young users’ mental health under a new law, New York Governor Kathy Hochul announced on Friday.”
December 27, 2025 at 1:03 AM
This post appeared under this Techmeme headline:
December 27, 2025 at 1:03 AM
This post appeared under this Techmeme headline:
Mandatory internet labeling laws have been rejected over and over again as unconstitutional. I don't see how this passes any level of scrutiny. Which @agounardes.bsky.social was told multiple times by constituents (some of whom shared this with me). His response was to call them big tech shills.
Sure looks like New York will require Bluesky to carry a warning label, since it offers a feed with "like counts". And maybe AO3, on account of its displaying "kudos"?

www.nysenate.gov/legislation/...

Congrats, everybody, what a very good job of using the state legislature's time.
December 27, 2025 at 1:02 AM