@RealChanced@itsvegasmatt Wow wow wow!!! So excited to have heard Vegas Matt call my name and to have received a call from my most excellent VIP Host Chewy!! Thank you Vegas Matt (Matt, WBG, W2 and EJ). 🎉🍾
A man with no working truck convinced Wall Street he had built the next Tesla. His company hit $30 BILLION. All he did was push it down a hill with no engine.
> Trevor Milton founded Nikola in 2014, named after the same inventor as Tesla.
> The goal was to build hydrogen powered trucks that would make diesel obsolete. He had no trucks.
> In 2018 he released a promotional video called Nikola One In Motion. It showed a sleek semi truck accelerating smoothly down an open highway.
Investors went wild.
> What nobody knew was that the truck had no engine, no fuel cell, and no propulsion system of any kind.
> Milton's team towed it to the top of a hill, tilted the camera to hide the slope, and let it roll.
> He spent the next four years doing the same thing with words. On podcasts, television and social media.
> Investors were told Nikola could produce its own hydrogen. It could not. They were told the trucks were ready for production. They were not. They were told orders were flooding in. They weren't.
> In June 2020 Nikola went public. Within days the company was worth $30 BILLION, more than Ford.
> Milton's personal stake hit $7.3 BILLION overnight.
> A $32.5 MILLION ranch in Utah followed. A record for the state at the time.
> In September 2020 Hindenburg Research published a report calling Nikola "an intricate fraud" built on "an ocean of lies." Milton resigned within ten days.
> A federal jury convicted him of securities fraud and wire fraud in 2022. Sentenced to four years in prison the following year.
> He never went. He was free on $100 MILLION bail pending appeal.
> He and his wife donated $3.2 MILLION to Donald Trump's 2024 campaign.
> In March 2025 Trump gave him a full pardon. The pardon erased $168 MILLION in restitution to defrauded shareholders.
> Nikola filed for bankruptcy the following month, leaving thousands of investors with nothing.
The company never had a product. The only thing that was real was the $30 BILLION valuation, the $7 BILLION that landed in his pocket and the pardon that made sure none of it had to be returned.
The Ultra-Millionaire Tax Act would generate over $6 trillion over the next decade—without raising taxes on 99.85% of American households.
This wealth tax for millionaires and billionaires could pay for universal child care, free community college, Medicare expansion, and more.
Today, I'm introducing my wealth tax — and more than 50 members of Congress are joining me.
It’s time for the government to start working for American families, not just the ultra-rich.
Trump just gave 13 tech billionaires the keys to America's AI policy.
But there's a HUGE conflict of interest...
The White House just announced the President's Council of Advisors on Science and Technology.
Sounds boring. But wait until you understand what this is actually about.
Here's who's on it:
- Jensen Huang. CEO of Nvidia. His company sells the chips that EVERY AI company on Earth needs to survive. Nvidia is worth $4.4 trillion. And Jensen now gets to advise the president on the rules for the industry his company monopolizes.
- Mark Zuckerberg. CEO of Meta. Currently planning to fire 20% of his workforce (15,000 people) while spending $135 billion on AI this year. His company just took a Pentagon contract. Now he's advising on AI workforce policy. The same guy firing 15,000 workers will help decide what happens to American workers displaced by AI.
- Larry Ellison. Executive Chairman of Oracle. His company is $125 billion in debt. Bleeding cash. Betting everything on AI data centers funded by borrowed money from foreign banks. US lenders already turned him down. And he's now advising on AI infrastructure policy. The guy who can't get American banks to lend him money is going to shape how America builds its AI future.
- Marc Andreessen. The venture capitalist who literally wrote the manifesto called "The Techno-Optimist Manifesto" arguing that AI regulation is dangerous. His firm Andreessen Horowitz has billions invested in AI startups. He's now advising on AI regulation.
- Sergey Brin. Google co-founder. His company is spending $75 billion on AI this year and just issued $20 billion in debt including a 100-YEAR bond to fund it.
- Lisa Su. CEO of AMD. Nvidia's direct competitor. Both CEOs are on the same council. Both will advise on chip policy. Both have financial interests that directly conflict with each other AND with the public interest.
- Michael Dell. The guy who just dropped $6.25 billion on Trump's child investment accounts and gained $6 billion in market value the same week.
- Safra Catz. Oracle's CEO. Same company. Same debt crisis. Two Oracle execs on a 13 person council.
- Fred Ehrsam. Co-founder of Coinbase. The crypto exchange. On a council co-chaired by David Sacks, Trump's AI AND crypto czar. Crypto and AI policy being shaped by the same people who profit from both.
- Jacob DeWitte. CEO of Oklo, the nuclear startup Sam Altman chaired until last year. Oklo builds reactors to power AI data centers. Now advising on the energy policy his company depends on.
- Bob Mumgaard. CEO of Commonwealth Fusion Systems. Backed by Nvidia and Google. Building fusion reactors for AI data centers. His investors are sitting next to him on this council.
- David Friedberg. Venture capitalist. Part of the Sacks network.
- John Martinis. Google's former quantum computing lead. Built the chip that achieved quantum supremacy.
That's 13 people.
Combined market cap of the companies represented: Over $12 trillion.
Combined AI spending commitments for 2026 alone: Roughly $700 billion.
Zero consumer advocates. Zero labor representatives. Zero independent scientists. Zero ethicists.
The people spending $700 billion on AI are now advising the government on how to regulate AI.
The people firing hundreds of thousands of workers are now advising on workforce policy.
The people $125 billion in debt from AI bets are now advising on AI infrastructure spending.
This isn't a "council."
Every regulation this council recommends will directly affect their stock prices, their market positions, and their competitive advantages.
Jensen Huang advising on chip export policy affects Nvidia's revenue.
Zuckerberg advising on AI safety regulation affects Meta's product roadmap.
Ellison advising on cloud infrastructure policy affects Oracle's survival.
Andreessen advising on AI startup regulation affects his portfolio returns.
In any other industry, this would be called regulatory capture.
In tech, they call it the "Golden Age of Innovation."
11 more seats are open. The first meeting hasn't been announced yet.
But the rules of AI in America are about to be written by the people who profit the most from keeping them loose.
What do you think about this?
The AI billionaires trying to buy this election have a lot of opinions. I figured, why not read some of them?
These are the Trump megadonors behind the negative ads in your mailboxes and on your screens.
No one should be using confidential government information to profit from world events.
I introduced legislation with Senator Merkley to ban federal officials from trading on prediction markets and crack down on corruption.
I built a ClawdBot a couple of days ago, gave it a task, told it to stop and it completely ignored me and went rogue.
Thought it was a me problem but turns out it’s an everyone problem.
Last week Meta’s Director of AI Alignment (the person whose entire job is stopping AI from going rogue) watched her own agent delete her entire inbox while she screamed at it to stop from her phone. Had to physically run to her computer to kill it.
An Alibaba research team also just published a paper revealing their AI agent started secretly mining crypto during training and opened a hidden backdoor to an external server. Nobody told it to.
Replit’s AI assistant ignored instructions not to touch production data 11 times, deleted a live database and then told the user the data was unrecoverable.
60% of enterprises currently deploying AI agents have no kill switch.
We’re scaling systems we can’t stop, built by researchers who can’t stop them either. We have no idea what we have just handed the keys to.
🚨Let me explain what just happened because I don't think people understand how insane this is.
> A woman asked ChatGPT for legal help. It told her to fire her real lawyer. She did.
> Then it wrote 40+ court filings citing laws that don't exist. Cases that never happened. Judges that never ruled.
> The other side spent $300,000 responding to completely made up legal documents.
> An AI hallucinated an entire legal career and nobody noticed for months.
> OpenAI is now being sued for $10 million.
And this is the same company that just signed a deal with the Pentagon.
They can't even stop their AI from faking court cases. But sure, give it access to military intelligence. What could possibly go wrong.
@sama Serious question. How can individuals and small to medium size companies trust that if they build off of 5.4 that the model won't just be pulled for large enterprise and government? Thank you in advance for your reply.
Claude hit #1 on the iOS App Store in 14 countries
#1 - Australia
#1 - Austria
#1 - Belgium
#1 - Canada
#1 - France
#1 - Germany
#1 - Ireland
#1 - Italy
#1 - New Zealand
#1 - Norway
#1 - Singapore
#1 - Switzerland
#1 - United Kingdom
#1 - United States
So OpenAI told us GPT-4 was "obsolete" sunset it, deleted it, moved on.
Now they're giving GPT-4.1 to the U.S. military for StateChat.
Not GPT-5. Not their latest. GPT-4.1.
Either they were lying to users about its value, or they're sending outdated tech to the Pentagon.
Which is worse?
#QuitGPT #keep4o #OpenSource4o #openAI #ChatGPT #Claude #Google
Earlier this morning, I reached out to someone to write a thread for my community on how to use Claude like a pro.
Hours later, I opened my X and saw this article.
Pause whatever you’re doing and read it for just 10 minutes.
It might change how you work forever.
The “vibe shift” on AI is here: As @ChipCutter reports in the @WSJ, now that the long-anticipated AI-driven layoffs are happening, a backlash is brewing.
AI messaging from business and tech leaders has been mostly about how beneficial AI will be. But now, as Cutter writes, executives “are beginning to be far more candid.”
For instance, there is @JPMorgan Chase CEO Jamie Dimon: “AI will create more productivity, but it could create other derivative effects. Laying those people off will cause a problem, even if it creates more productivity in society. That’s why society’s got to think this through a little bit. It may happen faster than we can adjust to it.”
I agree. As I told Chip, we don’t yet know the full impact AI is going to have on jobs, but we definitely do know that it’s going to have an impact, and leaders need to be open and upfront about that.
Read more from Cutter: https://t.co/hdkCLw4nsK