For a glimpse into the future of campaigns, let’s join Rest of World for a look at a recent election in the Indian state of Bihar. Political parties used widely available, very powerful, and reasonably cheap AI tools to reach voters in one of the country’s poorest and most populous states. Some of the tools seem useful and relatively harmless. Consider an AI that can translate campaign messages into a local dialect: A lot of the tools don’t seem harmless at all. “Deepfakes of politicians, journalists, and celebrities endorsing and discrediting candidates, and promising freebies circulated ahead of the election. Videos of candidates campaigning in Bihar even when they were not [there]. ‘It was really confusing for us to know what to believe and what not to,’ said Kumar Singh, 28. ‘I am tech-literate, so I know what AI is, but my parents and grandparents don’t, and the AI content convinced people in my home and neighborhood that these candidates were on the ground, even when they weren’t.’” Cheap and powerful AI campaigns target voters in India. If you don’t see this trend as a major concern, I suppose I won’t be able to convince you otherwise. I’m only human. 2Of Strugglers and SmugglersCryptocurrency proponents argue that the new money offers faster, cheaper, decentralized transactions that transfer some of the power from massive, centralized banks to individuals, especially those in poorer regions without traditional banking infrastructure. And maybe some of those elements will prove to be as fruitful as the currency has been for investors. For now, crypto definitely seems to being Helping Criminals Launder Money and Evade Sanctions. “Smugglers, money launderers and people facing sanctions once relied on diamonds, gold and artwork to store illicit fortunes. The luxury goods could help hide wealth but were cumbersome to move and hard to spend. Now, criminals have a far more practical alternative: stablecoins, a cryptocurrency tied to the U.S. dollar that exists largely beyond traditional financial oversight.” 3Infrastructure WeakDuring the SCOTUS oral arguments on a case to determine whether the president has the power to fire agency heads without cause, Justice Sonia Sotomayor argued: “You’re asking us to destroy the structure of government and to take away from Congress its ability to protect its idea that the government is better structured with some agencies that are independent.” To the current court majority, that sounds like great news. (Don’t worry, once we destroy the structure of government, we’re gonna replace it with a big, beautiful ballroom.) Supreme Court appears poised to rule for Trump on independent agency firings. 4Paramount Rushmore“Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.” The hostile bidders have a few things going for them when it comes to getting administration approval: The Ellisons, Jared Kushner, and the backing of several Middle Eastern government-run investment funds. The gang’s all here. Warner Bros fight heats up with $108 billion hostile bid from Paramount. Neither of these deals will be particularly good for consumers. So we’re left to root for the least bad option. Welcome to 2025. 5Extra, ExtraSoy Vey: WSJ (Gift Article): “The Trump administration is planning to announce $12 billion in aid to U.S. farmers, according to administration officials, as the agriculture sector grapples with the fallout from President Trump’s far-reaching tariffs ... The aid will be a shot in the arm to soybean farmers, who have faced devastating financial losses this year.” (Create a problem. Take credit for trying to fix the problem you created. I wonder if FIFA gives a medal for that?) 6Bottom of the News“As the years have gone by, the letter has grown in scope. When we sent the first Christmas newsletter, we were just a two-person operation in a small home in Middlebury. Now we have to cover nine busy family members across four states. And sometimes Jessica has a boyfriend.” McSweeney’s: Why We’re Paywalling Our |