Jordan Novet
Jordan Novet
@jordannovet.cnbc.com
Technology reporter @cnbc.com in San Francisco. jordan.novet@versantmedia.com
3.1K followers423 following1.1K posts
"Amount of debt taken on by hyperscalers, chipmakers, neoclouds and other companies providing data centers and electricity for the A.I. build out: at least $3 trillion" www.nytimes.com/2026/10/28/b...
"Americans have $49.1 trillion earmarked for retirement as of late 2025. To put that in context, the US retirement pot is nearly as big as the $59.6 trillion US equity market and is bigger than all non-US developed and emerging stock markets combined" www.schroders.com/en-gb/uk/int...
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I endorse this metaphor for AI and think it should be expanded to general use. www.gq.com/story/state-...
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Incredible new work from Reuters on what they term 'heat storms' -- a must read.
yow that's not a cheap Xbox! "As it stands, the price of the Helix console has internally been projected to cost consumers between $1,200 and $1,800, unless Microsoft decides to subsidize the cost." @sebasaherrera.bsky.social fortune.com/2026/10/20/t...
what ever happened to the US discussion about doing away with daylight savings time www.cbc.ca/news/canada/...
"Nostalgia reliably runs on a two-decade timetable." www.economist.com/leaders/2026...
excellent primer. excited
NEW: Why did Grand Theft Auto VI take 8+ years to make? How did Rockstar's culture change along the way? I went to Scotland and interviewed the company's top developers for this exclusive Businessweek cover story. Inside the making of the biggest game of all time: www.bloomberg.com/features/202...
"The Nasdaq Composite was down about 2.5% in afternoon trading on Friday, bringing its loss on the week to almost 5%. With that move, the ... index on pace for its worst weekly performance since the week ended April 4, 2025, when the index recorded a roughly 10% drop" www.cnbc.com/2026/10/15/s...
"It feels, though, that we’re exploring the 'low end' of the Surface Laptop Ultra lineup for an insane $3,700. Whew." @markhachman.bsky.social www.pcworld.com/article/3258...
quite interesting - fishmeal prices rising as supply shrinks - poultry feed costs 50% less - in 2013 Britain lifted ban on livestock byproducts in fish feed - El Niño hurting anchovy fishing off Peru - retailers not required to list fish-feed ingredients in packaging www.ft.com/content/8f1e...
"My heart is absolutely broken today, and our hearts will stay broken in the days and weeks ahead." Oregon Gov. Tina Kotek www.nytimes.com/live/2026/10...
and they said Texas was friendly to data centers www.expressnews.com/business/art...
"I'm sure the oil and asbestos companies would have liked to [regulate themselves] as well. Do we think tobacco companies should have been allowed to design the warnings on the packets? So that they could print them in a six-point font, in dark grey on black?" -Geoff Hinton
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You may be paying Amazon's prices, even when you're not on Amazon. This blew my mind: If you sell products on Amazon, you CANNOT sell them cheaper elsewhere. So when Amazon raises its fees, products across the Internet get more expensive. www.not-ship.com/how-amazon-p...
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Hassan Kariem, 42, died after falling from a Six Flags Over Georgia roller coaster. A family friend who described him as a “fighter” says he survived cancer and a battle with COVID. He and his daughter survived a car fire just weeks ago, she said.
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Replying to @jasonkoebler.bsky.social
the company's total revenue in 2025 was $23 million. it was spending $18.5 million per month before legal fees (and it has been sued in a suicide case + is facing tons of regulatory scrutiny). it could barely cover one month of expenses with its revenue for the entire year
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"Don’t feel sorry for millennials. They are living it up now" www.economist.com/finance-and-... "The Economist has assembled data on millennials’ incomes for 32 rich countries. In just three of these—Italy, Greece and Japan—are millennials worse off"
"From December 2024 to December 2025, Nippan Group Holdings sold large quantities of books from publishers in the Japan Book Publishers Association to the American AI developer." asia.nikkei.com/business/tec...
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New ADHD study recently dropped, ~75% of ADHD folks have delayed sleep cycle syndrome, insomnia, and/or melatonin issues. Not really an unknown to many ADHD and adjacent folks, but glad we're getting more data. More on this later, but good stuff: www.frontiersin.org/journals/psy...
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Every year UK bomb disposal teams respond to an average of 2500 call outs. 2000 of those are related to unexploded munitions from WW2. My latest piece tells the story of two sizeable bombs found in a single day in Devon earlier this year www.theguardian.com/news/ng-inte...
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"AI is steadily reshaping parts of the U.S. economy in ways that aren’t immediately obvious. Zooming in on those changes reveals how the AI investment boom is creating economic dynamism but also instability." via @shiraovide.bsky.social www.washingtonpost.com/technology/2...
Good Luck Jonathan www.reuters.com/science/194-...
neat visualizations here, including one of the effectiveness of Google Gemini 3.1 Pro vs. Gemini 3 Flash, based on "The Price Reversal Phenomenon: When Cheaper Reasoning Models End Up Costing More" from Chen et al arxiv.org/abs/2603.23971 www.wsj.com/tech/persona...
"Since May 2025, consumer sentiment has risen for people who own the most stocks, while it has fallen for those who don’t own any, according to Joanne Hsu, director of the Michigan survey. During that stretch, the broad S&P 500 stock index has handed investors a roughly 32% return."
“.. The macro numbers look good…spending looks good. And no one is happy.” @wsj.com @jeannewhalen.bsky.social www.wsj.com/economy/cons...
"Electricity-cost increases have been outpacing many other types of inflation, up 3.8% in August from the year before, according to the Bureau of Labor Statistics. Consumer prices rose 3.4% in the same period." www.wsj.com/politics/ele...
"Of the 430 entities surveyed with a combined total of more than $5tn in assets under management, a third planned to reduce US equity exposure over the next 12 months — double last year’s level."
Pension funds, the last, faint hope of the mid 2020s www.ft.com/content/18e4... Global pension funds cut US equities over AI concentration risk
"More than two-thirds of groups on the Russell 1000 index of large US groups are linked to AI, either directly or because the technology is becoming embedded in their business models, according to Citigroup research." www.ft.com/content/3302...
okay no coffee meetings this month, it's Walktober www.sfchronicle.com/totalsf/arti...
Google Japan out here making conveyor belt keyboards youtu.be/DAn34l_YrUM?...
why am i only now learning that the Tetris song is a Russian folk song "that tells the story of a meeting between a korobeinik (peddler) and a girl, describing their haggling over goods in a metaphor for seduction" en.wikipedia.org/wiki/Korobei...
Kashkari on AI: "The fruits have not yet borne out. If this ends up being massive investment that is not nearly as productivity enhancing as we assume, then this will have been malinvestment, and then there could be big economic consequences for the economy writ large.” www.cnbc.com/2026/09/30/w...
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@element.io is a good product. If you try to push it down the throat of people used to calendars integrated in emails, in chat, into documents, they'll call anything s**t. 20+ years of people trained to use Microsoft products following the ECDL: what do you expect? www.politico.eu/article/eu-...