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Rougher Notes, Sep 30, 2025

Notes and links for context on upcoming pieces

Rougher Notes, Sep 30, 2025
Photo by Natalie Kinnear / Unsplash

I sometimes send my rough notes before I write the piece. Here are some sources I'm working from for an upcoming letter:

  • Video games industry facing uneconomic glut from too many releases, in part because of new AI tooling Bloomberg
  • AI data centers driving power bills sharply higher Bloomberg
  • Global funds rapidly rebalancing toward retail and data centers CRE Daily
  • Public companies could shrink 20% as AI concentrates scale Bloomberg
  • Power prices surging in Texas and Virginia as AI load builds Bloomberg
  • AI agents moving from demos to real workplace tasks One Useful Thing
  • Doctors’ skills decline as diagnostic AI reduces cognitive demand Medscape
  • Private credit growth raises systemic shock concerns Fitch
  • Cognitive disability rising with technology to blame, as 11% of US adults now affected Neurology
  • Accenture layoffs target employees deemed to lack AI potential Computerworld
  • AI hiring pushes new office demand in New York and San Francisco CRE Daily
  • Stratification engines frame AI as ideology of replacement Springer

The full piece is coming Friday, on AI, the disappearance of .400 hitters, and Electronic Arts.