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Reposted by Paul Langley

FINTECH CAPITAL @fintechcapital.bsky.social · 13h

It's alive!

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Paul Langley @paullangley.bsky.social · 1d

Did you go full retro money seminar in the second half of the session?
youtu.be/L9SzDFGbsFI?...

The KLF Burn a Million (£1M) Pounds - BBC Omnibus Documentary - 'All About The Money' Edit.

YouTube video by Rex Reynolds

youtu.be

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Reposted by Paul Langley

Jamie Smyth @jamiesmythft.bsky.social · 1d

Private equity is buying up energy utilities: but will this multibillion dollar bet on powering the AI boom pay off for investors and what will it do to residential power prices? Read @financialtimes.com on.ft.com/4pZWeXs

Private equity bets big on utilities

[FREE TO READ] Investors seek to profit from rising energy demand driven by AI data centres

on.ft.com

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Reposted by Paul Langley

Louise Amoore @amoorelouise.bsky.social · 1d

Our article on the politics of AI prompts is out now @econsocjournal.bsky.social www.tandfonline.com/doi/full/10.... 1/n

Politics of the prompt: Government in the age of generative AI

This paper addresses the politics of the technique of prompting in machine learning, at a time when bureaucratic and democratic government is undergoing transformation. Drawing on the case of the U...

www.tandfonline.com

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Paul Langley @paullangley.bsky.social · 2d

America is now one big bet on AI - on.ft.com/4pTQ3US via @FT

America is now one big bet on AI

It’s seen as the magic fix for every threat to the US economy

on.ft.com

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Paul Langley @paullangley.bsky.social · 3d

Slow out of the blocks
on.ft.com/42JDhhS via @FT

Swift to launch blockchain in response to rise of stablecoins

Banks including Citigroup back move by payments group to allow ‘instant, always-on cross-border transactions’

on.ft.com

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Paul Langley @paullangley.bsky.social · 5d

PhD and postdoc positions are available on a fantastic project about finfluencers and young adult investment culture in Denmark. The project is based at University of Copenhagen and led by Jacob Ørmen
jobportal.ku.dk

Jobportal - Job og karriere på Københavns Universitet – Københavns Universitet

jobportal.ku.dk

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Paul Langley @paullangley.bsky.social · 8d

Shop with OpenAI. ChatGPT now has FinTech embedded inside. thepaypers.com/payments/new...

Stripe helps OpenAI to roll out Instant Checkout in ChatGPT | The Paypers

Stripe has been assisting OpenAI in launching Instant Checkout in ChatGPT.

thepaypers.com

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Paul Langley @paullangley.bsky.social · 9d

BBC radio's evening prime time and self-styled serious news programme has initiated a new feature that "may run for 3 weeks or 3 years". A "user's guide to AI" is needed, apparently, because only 25% of adults are using AI by choice. Without irony, state media recommends "having a go at ChatGPT"

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Paul Langley @paullangley.bsky.social · 11d

All tracks lead to the North East of England

Richard Hull @richardhull54.bsky.social · 11d

#OTD 200th anniversary of the birth of the modern #railway, when George Stephenson drove Locomotion No. 1 on its inaugural journey from Shildon to Stockton-on-Tees via Darlington.

en.wikipedia.org/wiki/Stockto...

Stockton and Darlington Railway - Wikipedia

en.wikipedia.org

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Richard Grusin @rgrusin.bsky.social · 12d

This. AI capitalism run amok.

Christopher Mims @mims.bsky.social · 12d

*The AI boom = one of the costliest building sprees in world history

* Past 3 years' commitments are greater than the cost of building the U.S. interstate highway system

* Consumers must spend $800 billion on AI within a few years, to justify investment from 2023-24

www.wsj.com/tech/ai/ai-b...

This week, consultants at Bain & Co. estimated the wave of AI infrastructure spending will require $2 trillion in annual AI revenue by 2030. By comparison, that is more than the combined 2024 revenue of Amazon, Apple, Alphabet, Microsoft, Meta and Nvidia, and more than five times the size of the entire global subscription software market.

Morgan Stanley estimates that last year there was around $45 billion of revenue for AI products. The sector makes money from a combination of subscription fees for chatbots such as ChatGPT and money paid to use these companies’ data centers.

How the tech sector will cover the gap is “the trillion dollar question,” said Mark Moerdler, an analyst at Bernstein.

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Paul Langley @paullangley.bsky.social · 12d

A CV2 is not an old Citroën stuck in reverse. It's a 'continuation vehicle' created by private equity capital to replace an earlier continuation vehicle that has reached the end of it's days. Production of CV2s (and PE) will come to a grinding halt as interest rates rise
on.ft.com/47fy70j via @FT

Private equity finds new way to deal with its deadline crisis

Examples of assets shunted from one continuation vehicle into another are dribbling out

on.ft.com

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Paul Langley @paullangley.bsky.social · 12d

A window on the unnecessary financialized nonsense that contributes to making UK energy costs higher than elsewhere. Note that the focus for debate is how best to regulate companies that make huge profits by selling energy they don't produce.

Octopus Energy chief defends failure to meet new capital targets

Greg Jackson insists it is ‘implausible’ for his company to comply with Ofgem rules and maintain contract with Shell

on.ft.com

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Paul Langley @paullangley.bsky.social · 13d

Ill-fated major political decision incoming in the UK today.
on.ft.com/4mytYs0 via @FT

Starmer to attack Farage as he unveils digital ID cards plan for all UK adults

Prime minister to accuse populist right of promoting a ‘politics of predatory grievance’

on.ft.com

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Daniel Andrade @danielpaaa.bsky.social · 27d

Saiu publicado na Economy and Society @econsocjournal.bsky.social o artigo que escrevi com Guilherme Casarões (@casaroes.bsky.social), Letícia Cesarino (@letcesar.bsky.social) e Mariana Côrtes, intitulado "Occult enemies of the market order".
www.tandfonline.com/doi/full/10....

Occult enemies of the market order

Post-crisis transformations have sparked debates about a new authoritarian stage and/or post-neoliberal tendencies within neoliberal societies. Drawing on the Brazilian case, this paper analyses th...

www.tandfonline.com

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Reposted by Paul Langley

Letícia Cesarino @letcesar.bsky.social · 22d

Publicado nosso artigo na Economy & Society!
Um argumento sobre a dimensão conspiritual do (pós)neoliberalismo, na convergência com a extrema direita, a partir do caso brasileiro.

Link abaixo. PDF enviável no privado.

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Paul Langley @paullangley.bsky.social · 17d

Dear @financialtimes.com
In UK HE, 'corporate crib sheets' have already been borrowed (alongside a lot of debt). Schumpeter is on the syllabus, plus critiques of 'creative destruction'.
This ideological drivel also falls way short of the analysis expected of students.
on.ft.com/48qerHm via @FT

Britain’s zombie universities should put Schumpeter on the syllabus

It’s time to borrow from the corporate crib sheets — and if all else fails, creative destruction is a force for good

on.ft.com

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Paul Langley @paullangley.bsky.social · 18d

One of my personal favourites @provokedeconomy.bsky.social

Science as Culture @sciasculture.bsky.social · 23d

💹 As the political underpinnings of value creation become ever more pressing, Science as Culture is making available free access the commentary "On the Political Vernaculars of Value Creation," by Fabian Muniesa, released almost ten years ago.

🔗 doi.org/10.1080/0950...

On the Political Vernaculars of Value Creation

Published in Science as Culture (Vol. 26, No. 4, 2017)

doi.org

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Reposted by Paul Langley

Brett Christophers @brettchristophers.bsky.social · 20d

A new piece on extractive capitalism for @thetls.bsky.social, reviewing 4 new books, including @triofrancos.bsky.social's much-anticipated EXTRACTION and Partha Dasgupta's widely-
praised ON NATURAL CAPITAL