Pitchbook has a new report: “AI, Megadeals, and the Making of a Concentrated Venture Market.” It spins really quite concerning news as “this is fine.” [Pitchbook; report, PDF, archive] The US stock…

Surely it’s Good, Actually™️, that all available capital is being funneled into a single technology that makes no money and demands more infrastructure than God. Surely nothing will go wrong!