Tesvin

[Tesvin @Tesvin1]

@harveyrosenblum @HayekAndKeynes Not new

[UEFA Champions League @ChampionsLeague]

Champions of Europe: Paris Saint-Germain 🏆

#UCLfinal

[Tesvin @Tesvin1]

@gunsnroses Bad Apples tonight!!!! And RND to Hell would be a great surprise!

[Mooni Insight 💫 @Semicon_player]

https://t.co/52yOvQkkl1

[Tesvin @Tesvin1]

@HFMajorTom @elonmusk You mean another chronological order other than the one already available under the Following tab option (Recent or Popular)

[Gene Munster @munster_gene]

https://t.co/o7cyoxnIhl

[Tesvin @Tesvin1]

@TPROfficial @taylormomsen How about South Florida after New Orleans ?

[Tesvin @Tesvin1]

@HayekAndKeynes @UpandtotheRght So sorry you have to stay at that crappy place on the side of the bridge

[Tesvin @Tesvin1]

@HayekAndKeynes @UpandtotheRght That’s funny

[NYPD NEWS @NYPDnews]

Eagle-eyed cops to the rescue.

While patrolling the Hudson River earlier this morning, our Harbor Unit officers spotted an injured bald eagle floating on the ice and calling out for help.

They acted quickly and brought the bird to safety.

[Thibaut Monnier @MonnierThibaut]

🔴 Je découvre un squatteur algérien sous OQTF dans mon appartement…

Alerté par des voisins, j’ai trouvé un OQTF algérien qui squattait un appartement dont je suis propriétaire à Lyon.

❗️Cet individu n’avait rien à faire dans mon appartement.
❗️ Cet individu n’avait rien à faire en France.

Mais il était là, hagard, ne voyant même pas où était le problème d’occuper illégalement et de dégrader un bien locatif.

Je publie cette vidéo car aujourd’hui, à l’Assemblée nationale, le groupe des écologistes (qui au passage gère ou plutôt ruine la ville de Lyon) nous inflige l’examen d’une proposition de loi délirante visant à donner aux maires le pouvoir de réquisitionner des logements privés pour « loger des habitants ».

Si cette proposition de loi était adoptée, demain des municipalités gérées par l’extrême gauche ou les écologistes pourraient donc réquisitionner mon appartement et celui de milliers de propriétaires pour loger des migrants sous OQTF ?

Pour ma part, je continuerai à défendre, sans relâche, les droits des propriétaires.

Je me battrai pour faciliter les expulsions des squatteurs ou des locataires qui refusent de payer leur loyer.

Il est temps que la peur change de camp !

[Tesvin @Tesvin1]

@gunsnroses Right Next Door To Hell would be a nice surprise

[Tesvin @Tesvin1]

@gunsnroses The Garden w Alice Cooper at Rockville, FL

[Tesvin @Tesvin1]

@gunsnroses The General

[Open Source Intel @Osint613]

BREAKING 🔴

Opposition journalist Ilia Hashemi says Iranian forces killed more people during yesterday's protests than died in the 12-day war (~1060)

"Based on conversations with eyewitnesses and a hospital surgeon in Tehran, I can confirm that the number of people killed last night in Tehran, Karaj, and Shahriar is significant.

The surgeon said, “I was in the operating room all night,” and confirmed that “the number of protesters killed is higher than during the 12-day war.”"

[Jukan @ ICML @jukan05]

Amazon laid off 30,000 employees today, an even larger cut than during the industry contraction in 2022. The reason is simple:

They don’t have enough capex left to buy GPUs.
As a result, AWS growth has slowed, the market has punished them harshly, and now they must cut salaries to save money for GPU purchases—so the financials look better and they can tell a story of “AWS growth bottoming out.”

Every internet company software engineer (SDE) should buy Nvidia/AMD stock as a hedge—compensating for the risk of being squeezed out of the value chain by GPUs.

Entering 2024–2025, the main factor behind weak employment for American SDEs is no longer the massive over-expansion of 2021, nor the competition from lower-wage overseas engineering centers, and not yet the reduced demand caused by AI efficiency gains.

A new boss has arrived: GPU capex.
GPU capex is creating a strange “prosperous depression” inside internet companies:

The company’s revenue growth looks strong, stock prices keep rising—but wage expenses have become immovable constraints for management. Everyone worries about their jobs. Continuous layoffs increase the workload for those who remain. Morale collapses. It feels like the Great Depression all over again.

This isn’t a traditional recession. It’s capital’s radical redistribution between manpower and compute power.

Amazon’s 30,000-person layoff has been rumored for two months. The mid-year performance review, usually in July, was delayed to mid- or late August. The return-to-office (RTO) policy also served as a major excuse for the cuts. The AGI group will remain untouched; PXT, Devices & Services, and Operations will be the hardest hit. By convention, AWS will likely announce its cuts later—probably after AWS re:Invent—to squeeze every bit of output first.

Meanwhile, AWS’s Q2 backlog reached $195 billion, up 25% YoY.

This shows customers want to buy but AWS can’t deliver—demand remains scorching hot, and they simply can’t buy GPUs fast enough.

In an era where AI server supply can’t keep up with explosive demand, shifting opex (wages) to capex directly boosts company performance. Capital will ruthlessly punish any CSP or hyperscaler that fails to fully embrace this path.
Meta has quietly entered a “5% layoff every six months” rhythm. Recently, it cut 600 people in its AI org and also removed many directors across departments—same logic again: AI datacenter capacity is insufficient. In the past year, Meta revised up its 18-month capacity plan three times. Each time they thought they had overestimated demand—only to painfully realize a few months later that they had underestimated it.

Does this mean internet companies no longer need people?

Of course not. But after the hiring budget is slashed, they’re forced to squeeze productivity internally to compensate.

Big tech companies are now pulling every possible lever: building internal tools with agent functions, encouraging “one-click deployment vibes,” setting KPIs for AI usage rates, requiring departments to report AI adoption progress and use cases, and mandating periodic peer learning sessions.

All these frantic moves aim for just one modest goal: ~20% efficiency improvement.
What happens next?

To maintain growth and competitiveness—once efficiency gains plateau and layoffs hit the bone, when opex yields no more savings—the next step will be to sacrifice cash flow. Some, like Oracle, may even take on debt to sustain growth.

Nvidia and AMD, armed with huge cash reserves, will continue to push partners to invest in AI capex—just like OpenAI has done.

The biggest beneficiaries of all this will be the semiconductor supply chain.

A new normal may emerge: semiconductor companies’ profit margins surpass those of internet firms.

But they also bear the greatest risk:

Once VCs or hyperscalers notice token demand slowing—or even just growth decelerating—they’ll ruthlessly cut orders.

The transmission of that shock will be far faster than semiconductor production cycles.
When might that point arrive?

One reference indicator: when enterprise adoption reaches ~50%.
During the March 2000 internet bubble burst, U.S. internet penetration was around 52% (some data say 43%).
Currently, major internet companies’ GenAI daily-user penetration is rising from 50% toward 90%, while overall enterprise AI adoption is still under 10%.

That means growth is safe for now. Historically, the fastest phase of any technological revolution is when corporate adoption moves from 10% to 50%.
The Cisco bubble won’t repeat itself so simply.

This time, information flow is vastly richer. There will always be enough skeptics warning about bubbles—ensuring that when it does burst, it won’t be nearly as catastrophic.

[Tesvin @Tesvin1]

@Geiger_Capital France has it too

[Tesvin @Tesvin1]

@StockMKTNewz More like $68bn