Today’s links Mark Zuckerberg announces mind-control ray (again): The business model for AI is the same as the business model for Big Data – bilking credulous advertisers. Hey look at this: Delights to delectate. Object permanence: 2005, 2010, 2105, 2020, 2024 Upcoming appearances: Where to find me. Recent appearances: Where I’ve been. Latest books: You keep readin’ em, I’ll keep writin’ ’em. Upcoming books: Like I said, I’ll keep writin’ ’em. Colophon: All the rest. Mark Zuckerberg announces mind-control ray (again) (permalink) Mark Zuckerberg has told investors how he plans to make back the tens of billions he’s spending on AI: he’s going to use it to make advertisements that can bypass our critical faculties and convince anyone to buy anything. In other words, Meta will make an AI mind-control ray and rent it out to grateful advertisers. Here, Zuck is fulfilling the fundamental duty of every CEO of every high-growth tech company: explaining how his company will continue to grow. These growth stories are key, because growth stocks trade at a huge premium relative to the stocks of “mature” companies. Every dollar Meta brings in boosts their share price to a much greater degree than the dollars earned by companies with similar rates of profit, but slower rates of growth. This premium represents a bet by investors that Meta will continue to grow, which means that the instant Meta stops growing, the value of its shares will plummet, to reflect the fact that it is a “mature” company, not…Pluralistic: Mark Zuckerberg announces mind-control ray (again) (07 May 2025)