The AI Economy Has a Proof Problem

We built the AI economy without an evidence layer. Litigation is building one for us.

In June I wrote that you cannot de-risk a breakthrough. I meant it as a complaint about venture capital and game studios: a financial discipline built to protect assets that already exist had been pointed at the creation of things that do not yet exist, and the result was a menu of predictable, insipid options.

I was too polite. De-risking is not only a taste problem, it is a structural one, and this summer produced two specimens of it inside the same industry. I am going to open on capital, take a detour through hiring and music to show the mechanism, and come back to capital at the end, because that is where the mechanism has now been written down by the people running it, and where the writing down turns out to prove...

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