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The US is becoming a technocracy, a form of governance where decision-makers are selected based on technical expertise rather than elected by popular vote.
Big Tech, led by technocrats, are investing heavily in AI, with the Magnificent Seven planning to spend over $300 billion on AI in 2025, despite concerns about the risks and negative impact on society.
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Big Tech is Modern-Day Technocracy
Technocracy is a form of government where decision-makers are selected based on their technical expertise and scientific knowledge rather than their popularity.
The decision-makers, known as technocrats, are appointed to office due to their proven performance and relevant skills in their field of expertise. This authoritarian approach to governance contrasts with democracy, where leaders are elected based on their appeal to voters.
Technocracy emphasises the use of scientific data and objective methodology in decision-making processes.
After Joe Biden announced on Twitter that he would not be standing in the US presidential elections, Mises Institute wrote that Biden’s lack of any meaningful presence on the public stage made it clear that someone other than Biden was running the White House, and someone else was making policy decisions.
The White House yesterday [22 July 2024] released a memorandum further outsourcing the President’s duties to the State Department and the Treasury Department. That is, according to the memo, “the functions and authorities vested in the President by sections … of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act” are delegated to technocrats.
For all the regime’s talk about “democracy,” it is undeniable at this point that the White House is actually run by unseen, unelected personnel who function in the shadows and are accountable only to the elites within their own ruling coalition. Some call it the “deep state.” Others call it “the headless fourth branch of government.” In any case, we are reminded that the United States is a technocracy and not a democracy, a republic or whatever word one wants to use to describe a system that is in some meaningful way answerable to the taxpayers who pay all the bills.
Unelected technocrats are now the nation’s chief executives, Mises Institute, 23 July 2024
Who are the technocrats? Jesse Smith views Silicon Valley as the seat of modern technocracy and Big Tech the euphemism for which it’s currently known. Jonathan Taplin agrees.
Eighteen months ago, we published excerpts from an article written by Taplin about four projects that four billionaire technocrats are pursuing. These projects – Web3, cryptocurrency, interplanetary colonisation and transhumanism – represent an existential threat to the world. Taplin calls Peter Thiel, Elon Musk, Mark Zuckerberg and Marc Andreessen “The Technocrats,” in recognition of the influence of the technocracy movement, founded in the 1930s by Elon Musk’s grandfather, Joshua Haldeman.
Related: The Last Utopians, Canada’s History, 1 January 2018
Thiel is known for co-founding PayPal, an e-commerce company and Palantir Technologies. Before he was appointed to lead the US Department of Government Efficiency (“DOGE”), Musk was best known for his key roles in Tesla, SpaceX and his ownership of Twitter. Zuckerberg is the co-founder and CEO of Meta Platforms. Andreessen played a key role in creating the first widely used web browser with a graphical user interface, Mosaic, and co-founded Netscape Communications Corporation.
To add to Taplin’s list of technocrats, a couple of months ago, Patrick Wood described Jeff Bezos, the founder and former CEO of Amazon, as an “arch-technocrat.” Wood also named Google’s co-founders Larry Page and Sergey Brin as technocrats.
Another unmistakeable technocrat is Bill Gates. In 2014, Rolling Stone interviewed Gates who explained his vision of how to save the planet. Gates views the world as “a giant operating system that just needs to be debugged,” Rolling Stone wrote in its introduction.
Adding, “Gates’ driving idea … is the hacker’s notion that the code for these problems can be rewritten, that errors can be fixed, that huge systems … can be improved if you have the right tools and the right skills.”
One of the technocratic projects Gates has been advocating in recent years is the implementation of digital public infrastructure (“DPI”), globally. To this end, last year Gates committed $200 million over five years. DPI includes systems such as digital IDs, payment networks and data platforms that connect people, data and “money.” DPI and artificial intelligence (“AI”) are increasingly being integrated, with AI being seen as a technology that can enhance the DPI control network.
Big Tech Aims to Invest $300 Billion in 2025
Yesterday, the Financial Times reported that the Magnificent Seven’s massive spending on AI is set to continue unchecked in 2025. As noted above, AI is one of the four technocrat projects that pose an existential threat to the world and it is being increasingly integrated with DPI systems.
The Magnificent Seven refers to a group of leading technology companies (“Big Tech”) that are considered dominant in the technology sector. This group includes Alphabet (Google), Amazon, Apple, Meta, Microsoft, Nvidia and Tesla.
Big Tech companies, including Amazon, Microsoft, Alphabet and Meta, are planning to spend over $300 billion on AI in 2025, the Financial Times said.
Google plans to spend $75 billion in 2025, a 42% increase from the previous year, while Microsoft is investing $80 billion in its Azure platform and Amazon is forecasting over $100 billion in capital expenditure, primarily for data centres and servers.
The spending by these four leading US tech companies has already surged 63% to historic levels last year with a combined capital expenditure of $246 billion in 2024, up from $151 billion in 2023.
Executives are vowing to accelerate their AI investments, despite concerns about the vast sums being bet on the nascent technology, and forecast spending could exceed $320 billion this year.
The scale of their spending ambitions has surprised the market and exacerbated a sell-off caused by the release of an innovative and cheap AI model from Chinese start-up DeepSeek in late January.
Microsoft and Google parent Alphabet each saw $200 billion wiped from their market value after reporting weaker-than-expected growth in their cloud computing divisions alongside steep increases in capital spending.
Shareholders are worried that doubling down on spending without a commensurate increase in revenues could eat into capital that would otherwise be returned in the shape of buybacks and dividends, whilst starving non-AI business lines.
Google has been opaque about usage and revenue from its Gemini chatbot, while companies have been wary of adopting Microsoft’s glitchy and costly Copilot “agents” to improve workforce productivity.
Analysts, such as Jim Tierney, head of the concentrated US growth fund at Alliance Bernstein, are expressing concerns about the spending, stating that investors will need to see cloud growth acceleration or improved Copilot uptake before being comfortable with the spending.
The release of DeepSeek’s R1 model, which claims to have similar capabilities to Google and OpenAI’s products at a fraction of the price, has amplified investor concerns and caused Nvidia’s stock to plunge 17%, erasing $600 billion in one day.
Meta’s Mark Zuckerberg also pledged to spend “hundreds of billions” more on AI, in addition to the $40 billion invested in 2024. However, the company’s shares rose despite the increased spending.
The Magnificent Seven’s spending spree is leading the charge, with their capital spending rising 40% in 2024 compared to 3.5% among the remaining S&P 500 companies. But the spending is not limited to publicly listed companies. OpenAI’s Sam Altman is partnering with SoftBank and Oracle to invest $100 billion in AI-related US infrastructure, potentially rising to half a trillion over time.
Analysts note that the companies are investing heavily in AI despite the potential risks. “Could there be an AI winter at some point? Sure,” said Rishi Jaluria, an analyst at RBC Capital Markets. “But if you’re in a position to be a leader, you can’t take your foot off the gas.”
You can read the Financial Times’ article HERE.
One of two things is going to happen in the coming years. The technocrats demand a return on their investment by forcing AI onto the public to run/control every aspect of our lives. Or, the public rejects the encroachment of AI on our rights and liberties, and the technocrats lose a lot of money.
Featured image: ‘Magnificent Seven’ Tech Companies Driving Forward With AI, Technology Magazine, 20 February 2024
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Investing in AI equals promoting SOULLESS EXISTENCE.
Life cannot be copied.
Taking the VERY LIFE FORCE out of the equation and substituting it with programmed plastic is beyond insane.
It will lead nowhere.
You want to go there?
No. No. NO.
THEN OPPOSE IT WITH ALL YOUR MIGHT.
DISCONNECT FROM TV, TELEPHONES, FACEBOOK, GOOGLE.
And your computer/laptop?
You have to get your info, and operate from somewhere. Just avoid smart devices. Particularly smartphones and apps and particularly the NHS app which is the gateway to digital ID and a big facilitator probably for them tpo make a fortune selling your data.
Data is gold.
Re phones I have a landline but avoid smartphone. Not happy that “Digital Voice” is being forced on landline users, although is it not better than a smartphone?
People voted for Trump because they were fed up with the restrictions during the pandemic, the oppression of free speech and the patronising of the woke culture.
They wanted freedom.
Instead they will get a totalitarian dystopia and complete slavery.
Folks they are manipulating us into accepting the destruction of the FED and the IRS and replace it with the AI infrastructure that will create the surveillance state China loves!:
https://www.youtube.com/watch?v=c2BlmjyADDg
Please do not forget this will also facilitate the “great taking”:
https://rumble.com/v3yptkd-the-great-taking-documentary.html
“DIGITAL LOCKDOWN! You’re Living in a Virtual Prison Without Knowing | Whitney Webb’s 2025 WARNING”:
https://rumble.com/v6g58f1-digital-lockdown-youre-living-in-a-virtual-prison-without-knowing-whitney-w.html?e9s=src_v1_ucp
Beware folks as the money changers want us all to offer up our “digital IDs” when they crash the present fiat cash system and hand us an AI driven digital dystopian surveillance system riding on blockchain!
Please listen to this central bankster tell us in 38 second video embedded in this link that to enter the NWO everyone will be required to have a smart phone, bank account , and upload their digital ID:
https://sociable.co/government-and-policy/digital-id-bank-account-smartphone-new-world-imf-spring-meetings/
Please do NOT upload your digital ID as that is you giving your mark to the beast to buy and sell:
https://sumofthyword.com/2022/05/18/the-mark-of-the-beast/
We have just entered the 4th year on this timeline folks so get ready for “great tribulation” by the summer of 2025!:
https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-the-tribulation/
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