"The costs of token are far higher than the actual value that these tokens are generating at scale," @Cisco's @jpatel41 tells @ReedAlbergotti.
"The big risk in the market is, if you don't create an equilibrium there, then people just pull back on using tokens."
He is bailing out Sam Altman. OpenAI cant IPO because they are massively in debt and dont make any money so Altman runs to the White House begging for a bailout and magically 3 days later we get this.
This is the TARP bailouts all over again lol
How "rich" did we get after '08
23% of Russian companies are planning to reduce their staff in H2 2026 and most are planning to lay off around 10% of their workforce in these cuts. The number of workers that are planned to be laid off has risen by 50% over the last 9 months to 105 000.
The Information reporting that OpenAI is planning to sign a 20-year-long lease on a totally unbuilt and theoretical 10GW data center that NVIDIA would partially finance. Utterly farcical, we’re at the end of the line folks
https://t.co/OgK6sZ0juc
Very important point: SoftBank was pledging *all* of its OpenAI stock (worth $60bn+ on paper) to get a $6 billion margin loan. Banks turned it down due to concerns about the value of OpenAI stock. Banks clearly do not think OpenAI is worth $852 billion.
https://t.co/B9ilbd043M
🦔Leonardo is a $17 billion defense contractor. It built a system called SignalTrace that clips sensors onto the license plate readers already mounted on street poles, overpasses, and police cars across the US. Every time you drive past one, the sensor grabs the Bluetooth and WiFi signals from every device in your car, ties them to your plate, and logs the time and location. Your phone, your AirPods, your kid's tablet. All of it goes into the same file. A friend rides with you once and their devices are linked to your plate.
Leonardo has sold this to police departments since at least 2023. There is no federal law covering it, no opt-out, and no warrant requirement.
My Take
None of the pieces here are new. Your phone has always broadcast a signal. The license plate cameras were already there. Leonardo just connected them and found a buyer. Nobody had to break a law or build anything from scratch. They assembled a surveillance system from parts already in place and sold it before anyone noticed.
Most people found out this week from a 404 Media investigation. Leonardo received the patent in 2024. By the time you hear about something like this, the deals are done and the sensors are on the poles. That's how it works now.
Hedgie🤗
https://t.co/serZi0IGnT
mythos will be bad ON PURPOSE on ai "frontier llm research" tasks, this is very very sad for the research community
also the fact that this is un purpose not visible to the user is crazy
Brilliant idea! Next up: Apple randomly reboots your Mac if you're building competing tech, Gmail silently edits your email if you mention rival platforms, and Tesla Autopilot swerves if it detects you're working on self-driving cars.
All in the name of safety, of course. Because malicious actors controlling the world’s operating systems, inboxes and cars would be extremely dangerous!
CNN = Owned by a right-wing billionaire.
CBS = Owned by a right-wing billionaire.
FOX = Owned by a right-wing billionaire.
WaPo = Owned by a right-wing billionaire.
WSJ = Owned by a right-wing billionaire.
Ah yes, tell me more about how the mainstream media is “far left.”
Head of Russian Central Bank remains missing after absence from the biggest economic event of the year.
Some say she knows it'll soon be her that's the scape goat for what's coming, refusing to do appearences promoting her own setup with increasingly fraudulent statements.
this is why the labs are pushing visions of mass unemployment and replacing the white-collar workforce
it's not because the models can do it
it's because they have to in order to make their economic model work and to keep raising money
the only way to keep raising hundreds of billions of dollars is to sell everyone on the idea you're going to demolish a massive chunk of the labor market
otherwise it doesn't work