Patrick Galey

Oracle raises $25bn in bond offering despite concerns over rising debt Company’s huge bet on AI has prompted investor concerns about sustainability of its spending

Oracle, which heretofore has had a quite solid business (albeit a creep in charge) has been bitten by the Gen AI greed bug, and is allaying concerns it is overleveraged with debt by... raising another $25 billion to invest in... checks notes...

Its overleveraged customer www.ft.com/content/8a9d...

Big Tech groups race to fund unprecedented $660bn AI spending spree Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

This really is monumental waste. Raising cash to torch it on machines that accelerate climate breakdown while making users aggressively stupider and call it R+D.

Boycott Gen AI and its bonfire of debt burns out fast
www.ft.com/content/d503...

And the tech CEOs boosting Gen AI, specifically aiming it at other CEOs desparate to automate and therefore delete human capital and call it cost saving, don't appreciate this, because they have never interacted with the world of work as a regular human individual

Venezuela Oil Won’t Top Others in Region for Years, Rystad Says Argentina, Guyana and Brazil remain poised to drive oil production growth in South America for years to come despite the US push for investment in Venezuela, Rystad Energy says.

As I predicted back in Jan, Venezuelan oil isn't going to be A Thing for a very long time. Certainly not until he's in the cold ground

Only Trump and his buffoons could hold up a train carrying gold and come away with shit. www.bloomberg.com/news/article...

NBC appears to cut crowd’s booing of JD Vance from Winter Olympics broadcast The US vice-president, JD Vance, was greeted by a chorus of boos during when he appeared at the opening ceremony of the Winter Olympics in Milan on Friday

When the monsters win, and they will win at this rate, it will not be because they are smarter or stronger than us.

It will be because apparatuses of democratic enforcement obeyed in advance

www.theguardian.com/us-news/2026...

What Happened the day Bjorn Lomborg Met Jeffrey Epstein The Danish political scientist and climate crisis denier sought a meeting with Epstein in the hope of securing funding.

The Venn Diagram of climate “skeptics” and predatory men is a circle, change my mind

drilled.media/news/lomborg...

Perhaps the dumbest thing about this entire bonfire of cash and carbon is that if they had done nothing that would have been all they needed to do.

Big Tech’s ‘breathtaking’ $660bn spending spree reignites AI bubble fears Stocks tumble despite strong earnings reports from most Silicon Valley heavyweights

So, worth pointing out that Google, Microsoft et al haven't actually "lost $900 bn" in a day. Because that money never actually existed.

It's the private debt they are torching to power their Rube Goldberg machines and call it tech. That's investor cash. That matters www.ft.com/content/0e7f...

Chief of lobbying firm founded by Mandelson to quit after Epstein backlash Benjamin Wegg-Prosser set to resign as Global Counsel chief executive

I GUARANTEE you you aren't sufficiently outraged over the Epstein files.

Not only do they contaim some of the most degraded abuse imaginable, they also tie directly to our taxes.

Mandelson's firm secured the £240 mn deal with Peeping Tom Palantir. Arch creeps, our money www.ft.com/content/b3cc...

You possess critical thinking, and know, via onthological experience, that life - and by extension capitalism - isn't a stream of tasks to be hacked. These people are rich, which they conflate with smart. They are signally idiotic

(It’s OpenAI)

That’s the problem. The most famous Gen AI tool developer has conned all Big Tech into piles of debt it can never turn to gold

www.trefis.com/stock/msft/a...

That was quick

www.theguardian.com/business/liv...

@austingmackell.bsky.social a penny

Labour thinktank close to Morgan McSweeney ‘paid firm to investigate journalists’ Labour Together allegedly hired company to look at Sunday Times and Guardian reporters after article about donations

They are all one giant, corrupt, power-abusing cabal, aren’t they? Even the supposedly reasonable ones

And Reform is the High Table of this insider trading, foreign asset style corruption
www.theguardian.com/politics/202...

Given this is a thing that is made up, it will crash just as the AI-distorted S+P will crash. It might already be happening

AI doesn’t make business more productive (a key base case use premise)

Pass it on

giftarticle.ft.com/giftarticle/...

The Israel ties are being systematically buried by mainstream media, is the why

Newly released Epstein files reveal further ties to Israel The release of more Jeffrey Epstein files reveals further connections between the late, convicted sex criminal and the state of Israel.

Anyone seeking to Russiagate the Epstein files is running interference and needs to be called out as to why

mondoweiss.net/2026/02/newl...

OpenAI’s ChatGPT push triggers senior staff exits Resources at $500bn company are being redirected from long-term research towards improving the flagship chatbot

It’s official, the Keyser Soze of Gen AI snake oilers has… no other ideas

That’s all: Hyperscaled LLMs that can’t think or use less power or water and have no meaningful use case but, by gosh, they will do it quickly

If you invest in this, you’re an idiot.
giftarticle.ft.com/giftarticle/...

Elon Musk merges SpaceX with xAI at $1.25tn valuation Aerospace business and artificial intelligence firm to unite for IPO as world’s most valuable private company

This is not M&A, this is circular investing.

If any regulator had the merest of backbones this stuff would be cut out like the boys club nonsense it is

www.theguardian.com/science/2026...

I've only read up to the paywall but this is an incredibly weakly-argued piece where the authors claim LLMs are intelligent based on their own redefinition of what intelligence is. Not one psychologist or cognitive scientist between them.

International law meant to limit effects of war at breaking point, study finds Report covering 23 conflicts over last 18 months concludes more than 100,000 civilians have been killed as war crimes rage out of control

On the one hand, no shit.

On the other, international law is only fit for purpose if our leaders choose to enforce it. And for years, our leaders watched genocides in Gaza, Sudan and DRC with indifference

Alternative title: leaders failing history test
www.theguardian.com/law/2026/feb...

Elon Musk Asked Jeffrey Epstein to Invite Him to the ‘Wildest Party’ on His Island The Tesla and Twitter boss lied about his relationship with the pedophile financier, according to new emails released by the Department of Justice.

Seems like pretty big news that the biggest Republican donor in 2024 — who helped elect Trump & Vance — repeatedly made plans to visit Epstein's island.

Especially when you recall the various abuse allegations he faces — or how his website has been mass generating sexual content, including of kids.

This is amazing.

Musk is so creepy and cringe that the entire Epstein paedophile operation preferred to shut down rather than allowing him to attend for a single weekend

www.nbcnews.com/tech/elon-mu...

Elon Musk had more extensive ties to Epstein than previously known, emails show Newly released files from DoJ show the pair making plans in 2012 and 2013 for the Tesla CEO to visit Epstein’s island

Elon Musk had extensive correspondence with a convicted paedophile and most likely visited his island, just for the next time anyone pretends to be impressed by the Keyser Soze of taxpayer funded Epstein bros www.theguardian.com/technology/2...

⁦Patrick Galey⁩ ⁦(@patrickgaley)⁩ / ⁦UpScrolled⁩ Follow ⁦@patrickgaley⁩ on ⁦UpScrolled⁩

I’m on @upscrolled.bsky.social!

If you love human thought, hate AI slop and vampire capitalists, let’s hang

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Big tech results show investor demand for payoffs from heavy AI spending Meta wowed Wall Street with improvements in ad targeting fueled by AI alongside huge investment. Microsoft had less to show for its billions spent

Regular reminder that investors nearly always spend other people’s money and so don’t need to be particularly smart

Though I had hoped they would be at least slightly smarter than South Park’s Pants Stealing Gnomes

1. Build Rube Goldberg Machine
2. …
3. Profit
www.theguardian.com/technology/2...

IDF accepts Gaza Health Ministry death toll of over 71,000 Palestinians killed in the war Although Many International Experts Have Accepted the Health Ministry's Data as Reliable, and Even Conservative Relative to the True Death Toll, Israel Had Refused to Accept the Health Ministry's Coun...

Every single outlet that for the last 29 months that undermined not just Palestinian health authority figures, but death tolls verified by the UN and The Lancet must now pay back the debt they have incurred to history

www.haaretz.com/israel-news/...

What technology takes from us – and how to take it back | Rebecca Solnit The long read: Decisions outsourced, chatbots for friends, the natural world an afterthought: Silicon Valley is giving us life void of connection. There is a way out – but it’s going to take collectiv...

I like and respect the author, but I might humbly propose a title rephrase:

It's what we *give* to tech. Faculties and function we actively outsource to tech

A lot is harmless, and automatic. But some is harmful. Make 2026 the year of being Defiantly Human
www.theguardian.com/news/ng-inte...