Benoît Huron
I’m Nobody! Who are you?
Are you – Nobody – too?
- In a polarized geopolitical climate, President Lee Jae Myung's balanced outreach—to the U.S., Japan, and China—is a rare and pragmatic demonstration of statecraft for South Korea's stability. www.japantimes.co.jp/news/2026/01... #Geopolitics #SouthKorea #Japan
- We're set to blast past 1.5C a decade early. “Dangerous climate breakdown has arrived.” Fantastic but the real question is—how many more datacenters can we build before the grid melts? www.ft.com/content/e995... #ClimateChange #AIMadness
- Blame US tariffs. Blame Chinese competition. Blame Russian energy prices. Blame everyone, really. Just don’t mention that European companies now find it more attractive to export outside the EU than to trade within it. www.ft.com/content/fbc7... #EU #Trade
- Is Coreweave the WeWork of AI? Massive long-term GPU/data center debt vs. client “pay-as-you-go” terms. Now renegotiating covenants, delaying capex and with $9.7B due in 12 months. Even Nvidia stepped in with an $860M lease ($477M escrow). justdario.com/2026/01/core... #AI #Neocloud
- A detailed look at Russia's 2025 inflation fight. The central bank's aggressive rate hike brought inflation down but the start of the year could be bumpy with a VAT increase and possible ruble weakening likely pushing prices up again. vz.ru/economy/2025... #Russia #Economics #Inflation
- The West's goal of inflicting ‘strategic defeat’ on Russia is dead. Faced with undeniable Russian resilience, compromise is the only way out. vz.ru/world/2025/1... #Russia #UkraineWar #InternationalRelations
- Another high-level view of the AI bubble—built on trillions in investment chasing elusive revenue, a technology struggling with reasoning and truth and its finances a dizzying web of circular investments and cross-funding. www.nakedcapitalism.com/2025/12/saty... #AIBubble
- For better or worse, it's a no-brainer. He built the most valuable company in the world, powered the AI bubble and became an unlikely political operator. www.ft.com/content/11a0... #NVIDIA #AIBubble
- An excellent, sobering read on the AI investment bubble—and why it will pop. www.ineteconomics.org/perspectives... #AIBubble
- OpenAI's Sora is burning cash so fast it makes a jet engine look fuel-efficient. But on the other hand, more AI slop. Yeah! www.ft.com/content/b144... #OpenAI #AISlop #MoneyBurner
- The CDS market is whispering: “It's almost time, don't you think?” www.ft.com/content/c5f9... #AIBubble
- Reposted by Benoît Huron
- Space datacenters. Sounds cool, right? Alas, a former NASA/Google engineer breaks down why it's a terrible idea. taranis.ie/datacenters-... #AI #Space
- What a surprise—dominant companies use their market power to dictate prices during inflationary periods. The ‘greedflation’ thesis just got solid evidence backing. cepr.org/voxeu/column... #Inflation #Greedflation #MarketPower
- DeepSeek releases world's first open AI model achieving gold-level scores at the International Mathematical Olympiad. huggingface.co/deepseek-ai/... #AI #Mathematics #DeepSeek
- Nothing could possibly go wrong when your entire growth strategy is built on the most hyped, bubble-prone technology of our time. www.ft.com/content/f6b8... #AIBubble
- A powerful, heartbreaking look at how climate change and globalisation are transforming the Arctic forever. www.newyorker.com/magazine/202... #Greenland #ClimateChange
- OpenAI's partners are borrowing $100bn to fund a startup that's perfected the art of burning money. Impressive. www.ft.com/content/5605... #AIBubble #DebtFuelledAI
- Borrowing money to buy volatile crypto was a desperate “business strategy” and was always going to end in tears. www.ft.com/content/5347... #Crypto #Bitcoin
- Neoclouds: Where you can lose money faster than a GPU can render frames. Oh, is it time to buy new ones already? www.mckinsey.com/capabilities... #AIBubble #BMaaS #NVIDIA
- The pervasive cheapening of everything. L'Ère de Rien. www.bloodinthemachine.com/p/the-slop-l... #AI #AISlop
- Securing economic interests without isolation is tough. While aiming for “economic security,” Brussels may be driving away crucial foreign investment and inviting Chinese retaliation. www.thomasfazi.com/p/the-eu-con... #EU #China #TradePolicy
- It's so weird that commoditization of generative AI is being treated as a crisis. Making powerful tech cheaper and more accessible—what a nightmare. Bad, bad China. 😂 www.ft.com/content/931c... #AI #China
- Japan's debate on “funding” its ¥17.7 trillion stimulus misses the point. As a sovereign currency issuer, Japan can't run out of yen. The real question isn't bond issuance, but whether the spending will overheat the economy. #MMT #Japan www.japantimes.co.jp/business/202...
- Russia's rare earth strategy aims for resource sovereignty, leverage over US Ukraine policy and parity with China. www.scmp.com/opinion/worl... #Russia #IndustrialPolicy #RareEarths
- The potential value of vibe coding lies almost entirely in the exploratory and educational phase, not in production software. And even there, it cannot compete with a professional development team. www.theregister.com/2025/11/24/o... #VibeCoding #AI
- EU trying to define ‘economic security’ is like a group project where no one read the material but the deadline's tomorrow. www.scmp.com/news/china/d... #China #SupplyChain #EU
- Okay, maybe I'm too harsh. It seems the EU is at least trying to assemble a plan. A shadow of a will is better than none, right? www.ft.com/content/a719... #EUIndustrialPolicy
- The AI gold rush is creating a global power crisis. With US grids aging and global backlogs stretching for years, Chinese equipment makers are stepping in to fill the gap. www.scmp.com/news/busines... #AI #Energy #SupplyChain #China
- With the U.S. pivoting to Asia and the conflict in Ukraine having been a geopolitical catastrophe, Europe faces a more dangerous, unstable future, more isolated than ever. www.theamericanconservative.com/mearsheimer-... #Geopolitics #UkraineWar #Multipolarity
- This war will be settled on the battlefield where the Russians will win an ugly victory leading to a frozen conflict, poisoning relations between Russia and Europe and turning the latter into a more dangerous, less prosperous place to live. www.nakedcapitalism.com/2025/11/yet-... #UkraineWar
- Reposted by Benoît HuronA net 20% of fund managers said companies were spending too much on AI investments, according to a new survey — the first time this has been the majority view since 2005. on.ft.com/4icvxvy
- The new OpenAI partnership perk: a free -$60bn market cap. You're welcome! www.ft.com/content/064b... #OpenAICurse #Oracle #AI
- We're in a massive AI bubble that could wipe out 40% of the Mag 7. But don't worry - you can diversify into... checks notes... Ugh, don't worry, all right! www.ft.com/content/bf06... #AIBubble
- Reposted by Benoît HuronEmail. It's the latest thing, and we're on it. on.ft.com/49pcgVk
- Reposted by Benoît HuronMy latest on the AI bubble in finance: 6 charts that tell the story in ways that are hard to put into words. 1. U.S. data-center build-out. Notice the explosion in 2025. That's the permitting gold rush happening now. Would be shocking if 1 in 20 of these get built, but they factor into projections.
- Seriously, I can't wait. When will the Labubu craze end? My bank account is sending out SOS signals every time my nephews give me those “pretty” please eyes. www.japantimes.co.jp/business/202... #Labubu #Bubble
- Reposted by Benoît HuronOpinion: Big tech's spending spree marks the end of an era. The best of them were magical creatures: a group of companies where investors didn't have to think about the balance sheets at all. That's over now, and in recent weeks, the stock markets have started to notice. on.ft.com/3WWmwwI
- German industry discovering that being the world's premium exporter gets tricky when someone else makes the same quality for 30% less. www.ft.com/content/239e... #IndustrialPolicy #China #Germany
- “Anyone who thinks the 21st century will not see the biggest global movement of peoples in history has not been paying attention.” www.lrb.co.uk/the-paper/v4...
- US and Türkiye make a new play for influence in Central Asia, but face China's entrenched and growing role as Russia is distracted. www.nakedcapitalism.com/2025/11/the-... #CentralAsia #Geopolitics #China #Turkey
- EU's scrambling to stockpile critical minerals now that China has restricted exports. How does it work when the world's only supplier has cut you off? www.ft.com/content/b6f8... #China #EU #IndustrialPolicy
- In pursuing confrontation with China without first securing alternative supply chains or domestic production capacity, the EU has created the supply vulnerability that derisking was supposed to prevent.
- Reposted by Benoît HuronExclusive: Anthropic spent $2.66 billion on Amazon Web Services in the first three quarters of 2025, around 100% of their estimated revenue. Its costs appear to increase with their revenue, showing little path to profitability. www.wheresyoured.at/costs/
- China's AI focus isn't on hyperscaling massive models with diminishing returns, like OpenAI's strategy. Instead, it's betting on “AI plus”—integrating AI broadly into manufacturing and robotics to win through real-world application and industrial adoption. #AI #China www.scmp.com/tech/tech-wa...
- AI agents aren't being adopted because they're unreliable and can't be trusted. The tech just sucks. #AI www.gartner.com/en/newsroom/...
- Of course tech CEOs are hyping AI's job-killing power but their claims were always more about marketing than reality. New research confirms the hype is, once again, way overblown. #AI #AIBubble www.ft.com/content/c9f9...
- The adults aren't all right: Suicide has overtaken cancer as the leading cause of death for South Koreans in their 40s. A grim first. #SouthKorea www.scmp.com/week-asia/he...
- A new report finds Apple's supply chain still relies on a “vast, disposable workforce” with poor conditions at a key Foxconn factory. The US-China trade war adds uncertainty as Apple shifts production to India, creating order volatility. #Apple #China www.ft.com/content/41f7...
- As costs continue to fall, Chinese solar panels are powering Africa's future at a record pace, with imports surging over 60% to more than 15,000MW, a major boon for the continent's development. #RenewableEnergy #China #Africa www.scmp.com/news/china/d...
- China not only uses more factory robots than the rest of the world combined, but it's also become the top maker, producing a third of the global supply. This dual strategy cements its manufacturing dominance. #Robotics #China www.nytimes.com/2025/09/25/b...
- Reposted by Benoît HuronI chatted with the @financialtimes.com about my writing, the podcast, tech criticism, and being myself. archive.is/2025.09.25-0...
- Selling its massive ETF and REIT holdings, even slowly, will still dampen prices, revealing the lasting market distortion from the Bank of Japan's unnecessary corporate welfare. #BoJ #Japan billmitchell.org/blog/?p=62794
