Category «Financial System»

Microsoft, Google, Amazon, Meta to spend $1 trillion in 2027 on AI

Ed Zitron: “…AI Revenues Are Pathetic and Circular, With OpenAI Representing 71%+ Of Microsoft’s AI Run Rate and Anthropic 80% of Amazon’s. While Meta and Google refuse to actually explain their AI returns, Microsoft revealed that it had $37 billion in AI revenue run rate — $3.08 billion a month or so — and Amazon …

Subjects: AI, Economy, Financial System, Internet, Knowledge Management, Legal Research, Microsoft

SEC proposed eliminating quarterly reporting requirement for public companies

Wall Street Journal via MSN: “Instead of three quarterly reports and one annual report for each fiscal year, companies would be able to choose to file one semiannual report and one annual report. The purpose? To let companies choose the reporting frequency that is best for them and their investors, the SEC said. Some investors …

Subjects: E-Records, Economy, Financial System, Freedom of Information, Government Documents, Legal Research, Securities Law

DOGE Affiliate Is Now in Charge of the US Government’s ID Platform

Wired [no paywall]: “Greg Hogan, an affiliate of the so-called Department of Government Efficiency (DOGE), will serve as acting assistant commissioner of the Technology Transformation Services (TTS), a unit within the General Services Administration (GSA). There, he will oversee Login.gov, the government’s secure login and identity service. Gregory Barbaccia, the federal chief information officer and …

Subjects: Civil Liberties, E-Government, E-Records, Economy, Financial System, Government Documents, ID Theft, Internet, Legal Research, Privacy

LLRX April 2026 Issue – Articles and Columns

There are 7 new articles and 6 new columns in the April 2026 issue of LLRX. YIKES! The Bluebook’s Generative AI Is Flawed – Book Review by Prof. Jessica R. Gunder Book Review – How To AI: Cut Through The Hype. Master The Basics. Transform Your Work – In the current publishing cycle, books about AI are …

Subjects: AI, Cybercrime, Cybersecurity, Economy, Education, Financial System, Government Documents, Internet, Knowledge Management, Legal Research, Privacy, Social Media

Maryland property search tool is back online, nearly two weeks after cyber attack

Maryland Matters: “Maryland’s property ownership database is back online as of Monday after a nearly two-week hiatus because of a cybersecurity incident. After state officials detected suspicious activity on their servers, they took down the state officials took the State Department of Assessments and Taxation website on April 14, in order to contain the threat …

Subjects: Cybercrime, Cybersecurity, E-Records, Economy, Financial System, Government Documents

The Second Front: The Escalating Right-Wing Legal Threats Beyond the White House

“A new report from Democracy Forward, The Second Front: The Escalating Right-Wing Legal Threats Beyond the White House, reveals the perilous threats to American democracy represented by the far-right legal movement. The report, part of Democracy Forward’s work to track the far-right legal movement, focuses attention on ways that extremists continue to deprive Americans of …

Subjects: Censorship, Civil Liberties, Courts, Economy, Financial System, Free Speech, Freedom of Information, Government Documents, Health Care, Legal Research

The Bloomberg Terminal Is Getting an AI Makeover

Wired – no paywall: “For its famous intractability, the Bloomberg Terminal has long inspired devotion, bordering on obsession. Among traders, the ability to chart a path through the software’s dizzying scrolls of numbers and text to isolate far-flung information is the mark of a seasoned professional. But as a greater mass of data is fed …

Subjects: AI, Economy, Financial System, Internet, Knowledge Management, Legal Research, Search Engines

Licensed to Loot – Big Finance, Big Tech and the AI Infrastructure Grab

Licensed to Loot – Big Finance, Big Tech and the AI Infrastructure Grab: I. Introduction: A manufactured market. The global race to build AI data centres is a manufactured investment cycle. Consumer demand did not create it and no credible case for economy-wide benefit underpins it. It is built by concentrated financial capital in alliance …

Subjects: AI, Congress, Economy, Energy, Financial System, Legal Research

The AI Layoff Trap

Via Yasir Ai: “Two researchers from UPenn and Boston University just published a paper that should be uncomfortable reading for every CEO automating their workforce right now. The argument is straightforward. Every company replacing workers with AI is also eliminating its own future customers. Laid off workers stop spending. Enough of them stop spending and …

Subjects: AI, Economy, Financial System, Knowledge Management, Legal Research

Your Favorite Brands Got Worse On Purpose

Worse on Purpose: “One company owns Brooks Brothers, Champion, Eddie Bauer, Billabong, Sports Illustrated, and the licensing rights to Elvis’s likeness. They don’t make a single product themselves. Pick up a Brooks Brothers shirt and turn it inside out. Look at the shoulder stitching. If it looks like a rat’s nest of tangled thread done …

Subjects: E-Commerce, Economy, Financial System, Legal Research

What’s your attention worth?

The advertising industry has spent $_______on you. Every scroll, every swipe, every “skip ad” — someone paid for that moment of your attention. Here’s how much…Calculate my value. [Built by an ad industry professional. All calculations are estimates based on industry averages. Your calculator inputs (age, screen time, location) are never saved or transmitted — …

Subjects: E-Commerce, E-Records, Financial System, Internet, Knowledge Management, Legal Research, Search Engines

US government ramps up mass surveillance with help of AI tech, data brokers, your apps and devices

The Conversation: “The U.S. government “is able to purchase Americans’ sensitive data because the information it buys is not subject to the same restrictions as information it collects directly. The federal government is also ramping up its abilities to directly collect data through partnerships with private tech companies. These surveillance tech partnerships are becoming entrenched, …

Subjects: AI, Censorship, Civil Liberties, Congress, Cybercrime, Cybersecurity, E-Government, E-Records, Economy, Financial System, Internet, Knowledge Management, Legal Research, Legislation, Privacy