🔴🟡🔵 BIG WALK 🔴🟡🔵
Our new game about walking and talking comes out August 4 on Steam, Nintendo Switch 2 and PlayStation 5.
Hang out and get lost with close friends in a big world.
new update in @every's Frontier Map:
i moved "Closed-loop" product repair closer to productized. Fable makes it newly possible to speed-run through backlogs of issues and close bugs and paper cuts almost as soon as they're opened.
@kieranklaassen is doing this with @coracomputer, and we're starting to do it with Proof too.
new best practice for this era of agentic coding capabilities
I wrote this week's cover leader for @TheEconomist, on what we're calling Gen-Z socialism.
We argue:
— The me-first, ideology-light interventionism that the new crop of socialists are offering (think: capping grocery prices, freezing rent, wealth taxes) is novel and worth taking seriously.
— Free-market liberals are losing the argument. If anything, policies like rent control poll regularly higher than the parties that support them. Zero-sum attitudes to growth and distrust in markets are widespread.
— Part of the answer must be to stop apologising. Too much in recent decades, the conversation about capitalism has been framed in a series of caveats and retreats (e.g. behavioural economics, winners/losers of globalisation, inequality, climate). Those critiques usually have some truth, but too much weight on them obscures the remarkable success of market capitalism.
— But the centre has struggled, too, to concoct a creative and enticing policy offer. Or even to find remotely charismatic politicians to front it. Especially as AI advances supercharge many of these economic debates, that must change.
That, and much more, in the leader here: https://t.co/0B59jEEcaA
Hedge funds are trying and failing to hire prediction market sharps.
"We are just getting crushed by these sharps," said Susquehanna's Jeff Yass.
@iscoe tells the story of a guy who's made 7 figures trading Rotten Tomatoes betting markets, and rejected an offer from SIG:
"He said, 'Not only am I just making a killing, but I can do things that a big institutional fund can't do.'"
"He's a Rotten Tomatoes trader. He trades how a film's going to do on Rotten Tomatoes. He's made 7 figures, easily. He's building models, scraping websites, and he's doing things that SIG, through their corporate policies, maybe wouldn't allow."
"And he asked in the interview, 'Could I do this technique?' And they said, 'Yeah, probably not.'"
"And this guy, he self-describes as a 'dips**t from the Midwest.' He's like, 'I didn't go to an Ivy League school, and I'm able to outcompete Wall Street with a $600 Lenovo laptop.'"
My full talk on the future of AI & media is up!
I used @alexolegimas's prompt of "What will be scarce?" to propose 4 ways that media is changing, and how writers can still win in the AI age:
1) Secrets > summaries
Reporting is the act of taking private knowledge and making it public: when you get a source to tell you about corporate malfeasance, or venture to a remote town that few people have been to, or sneak your way into an underground party, you are working in a space where there is no training data.
2) Live interaction > static content
We’re not far from a world where AI can replicate any prose style. But readers want to know there's a real person generating the text—not just the final presentation, but the proof of work behind it. For creators, doing live events, podcasts, and meetups reveal the life behind the voice. And if I care about my ideas, I want people to know about them, no matter the format.
3) Founders > bureaucracies
AI is already allowing startups to run leaner by helping founders act as their own marketer, data scientist, engineer, etc. It's the same in media — AI is a boon to jacks-of-all-trades. There’s a lot of stuff AI does that I don't want to: verifying cites, reading contracts, negotiating speaking fees. It's an amazing time for independent creatives who want to direct their own vision.
4) Personal style > polish
The house style in most newsrooms is extremely LLMable. What stands out (besides reporting) is a distinct and authentic first-person voice, even if that means the occasional typo / provocation / admitting "I'm not really sure." After all, trust isn't about the perfect sentence: it’s about the track record of who says it. And the stronger your brand, the more trusted you’ll be.
I spend a lot of time covering the real disruptions AI brings. But I also believe, for those with the gumption to seize the opportunity, there's never been a better time to be a writer 🧡
We're experimenting with a PDF companion for each episode — tables, charts, timelines, etc.
Here's our first one for Vanguard. Let us know what you think!
https://t.co/09HtFXc3iS
Nobel Prize winning economist Kenneth Arrow wrote about "learning by doing" decades ago. He knew that productivity and expertise improve through experience.
The messy, repetitive works is often where you learn the patterns that eventually become judgment. Knowledge can be taught, but judgement is built through lived experience.
The first draft you rewrite. The customer call you listen to. The bug you fix and fix again. The factory floor you walk.
Small decisions you make every day teach you judgement. And, judgement is the thing everyone wants from senior people in the workplace. If we automate away every entry-level task without replacing the learning loop, we are removing a part of the process that creates experts.
The goal should be to use AI to accelerate learning, remove friction, and give people better tools to build expertise faster.
https://t.co/MpFZzCk1An
Thanks @Fortune & @tbove4 for sharing this story. Link in the comments.