Chris Murphy

The Service Revolution: Physical Goods Give Way to Experiences For the first time on record, a monumental shift has occurred in the American commercial landscape. Service-based retailers—gyms, spas, salons, and restaurants—now lease more space in the U.S. than traditional stores selling physical goods. According to a recent CoStar Group report, service providers accounted for 50.4% of commercial leases in 2025, eclipsing the 49.6% held by goods-based giants like Barnes & Noble. Just fifteen years ago, services represented a mere 40% of the market. This ten-point surge isn't just a statistical quirk; it is a fundamental reallocation of consumer spending. As e-commerce continues to cannibalize the sales of books, electronics, and apparel, landlords are turning to "Amazon-proof" tenants. Wellness has become the new anchor of the shopping center. The Global Wellness Institute values this industry at $2.1 trillion, and fitness centers like Planet Fitness are aggressively expanding into footprints vacated by bankrupt retailers like Rite Aid. The Financialization of Fact: The Polymarket Controversy While retail space undergoes a physical transformation, the digital world is witnessing a dangerous intersection of journalism and high-stakes gambling. Emanuel Fabian, a war correspondent for the Times of Israel, recently found himself the target of death threats from bettors on Polymarket. The conflict centered on a routine report regarding an Iranian missile strike; Fabian reported a strike, while bettors with millions on the line demanded he reclassify the event as "shrapnel" to trigger a specific payout. This incident highlights a chilling new reality where reporters are unwitting referees in decentralized prediction markets. With over $23 million in trading volume on specific geopolitical events, the pressure to manipulate facts for financial gain is intensifying. This has drawn the ire of lawmakers like Chris Murphy, who are pushing the "Bets Off Act" to ban trading on sensitive federal functions and overseas military operations. Blank Street’s Bid for the 'Third Place' In the coffee sector, Blank Street Coffee is pivoting from its original "grab-and-go" model toward a larger, more social format. By launching 1,300-square-foot locations—triple the size of their standard shops—the venture-backed chain is attempting to reclaim the "third place" concept from Starbucks. These new stores feature "conversation booths" and specialized lighting designed specifically for social media content creation. Despite a slowing growth rate—rising 21% in 2025 compared to 50% in previous years—the company is doubling down on the "experience economy." They are betting that Gen Z consumers want to move away from screen-dominated isolation and toward physical spaces where they can linger over a matcha. By using automated espresso machines, Blank Street Coffee aims to keep baristas focused on customer engagement rather than mechanical production. The AI Gig Economy: From Improv to Explosives As artificial intelligence matures, the demand for high-quality, specialized data has created a bizarre new job market. Handshake AI is currently paying improv actors up to $74 an hour to record scenes, teaching models to replicate human tone and emotional nuance. This move toward multimodal AI requires data that mimics real-world human interaction, moving beyond simple text-based responses. Simultaneously, the industry is hiring for "red-teaming" roles that sound like they belong in a thriller. Anthropic and OpenAI are recruiting chemical weapons and explosives experts to stress-test their models. These experts receive salaries as high as $455,000 to ensure that AI tools cannot be used to manufacture "dirty bombs." It is a stark reminder that while AI might learn to joke like an actor, the risks of its misuse remain deadly serious.