it takes balls to offer an IPO on a trillion dollar valuation when you are just months from bankruptcy.
but maybe that’s what is happening.
caveat emptor.
This fucker is mixed up with the mob and is under criminal investigation by Albanian authorities over his $4 billion development of Sazan island in the country.
AI labs have said on the record their own technology carries a ~20% chance of killing literally everyone.
Connor Leahy's question: who gave private companies the right to make that bet on behalf of all of humanity?
Big Tech poured over $1.4 trillion into AI only to see a $613 billion return on investment.
* Amazon spent $313 billion and lost $291 billion
* Google parent company Alphabet spent $287 billion and lost $262 billion
* Microsoft spent $266 billion and lost $235 billion
* Meta spent $230 billion and lost $227 billion
And all these companies chosen to axe workers, blaming AI for the mass firings.
@politvidchannel When "could pass" = it'll never happen. Unfortunately. The man who built his businesses on govt subsidies, guaranteed loans, etc would never think of helping anyone but himself. He told you so when he incredulously & unabashedly ranted about the downside of empathy.
Yesterday Donald Trump tripled the size of his personal political army inside the government. Illegally. And almost no one noticed.
Here's what happened:
He signed an order converting ~8,000 of the most senior career officials in government into employees he can fire for any reason, or no reason at all.
These aren't rando's. They're the directors, chiefs of staff, and the people who write the rules or decide who gets federal money, i.e. the lieutenants right below his political appointees.
Until yesterday, they answered to the law. Now they answer to him.
A president normally gets ~4,000 political appointees. People he can bring into government and fire at will. I was one of them at DHS. You serve at his pleasure, full stop -- so if you're gonna speak truth to power, you're prepared to quit (or get fired if he doesn't like it).
The rest of the federal government is PROTECTED from firing if they tell the truth.
But Trump just stripped those protections. Adding 8,000 more people to his personal army. Overnight. Without asking Congress.
With the stroke of a pen, those people now serve at the pleasure of the president. They're "his" people, whether they like it or not.
And the chilling effect is real. An official who can be fired this afternoon for "subversion of presidential directives" (the order's own words) doesn't need to be hand-picked to know what's expected of him or her.
The threat does all the work.
By the way, this order is illegal. The law only lets Trump reclassify jobs when "necessary" in exceptional circumstances. And this blows an 8,000-person hole in the merit hiring / firing system created by Congress.
Without permission, Trump has created a whole new category of stormtroopers inside the Executive Branch.
If this doesn't get challenged in court, you're going to see the U.S. government become a very different place.
Here's the full story: https://t.co/mJzrvzhxGR
This month and every month make sure you take care of your mental health.
Every morning I wake up and tell myself it’s going to be a great day.
Then I hit the gym, even 15 or 20 minutes if that’s all I have, because I know if I do that, I’ve already accomplished something before the day really starts.
Watch what you put in your brain too.
If you fill it with garbage, it starts reacting to the world through a garbage prism.
Practice gratitude by telling the people around you that you love them.
Getting two or three real things done at work.
And every so often — disappear for three days.
Read a book, go to a spa or just stare at a wall.
You have to take care of the mind. Nobody else is going to do it for you.
🦔UC Berkeley's computer science department just posted its worst failure rates in years. 35.3% of CS 10 students got F's in spring 2026, up from under 10% in prior semesters. Professor Dan Garcia says the primary driver is a "vast increase in academic dishonesty" through LLMs. Students use AI to complete assignments, never learn the material, then fail exams. His office hours, once full, are now empty.
My Take
Companies are firing experienced engineers while the pipeline that produces new ones is being gutted by the same technology. Students use AI to bypass the hard part of learning, show up to exams without the understanding, and fail. One professor discovered a student's linear algebra class had an "open AI" policy for homework and exams. That student then couldn't do basic linear algebra in the next course.
Both ends of the workforce are eroding at the same time. Senior engineers are getting cut to fund AI spending. Junior engineers are graduating without the skills because AI did their coursework. And the companies spending trillions on these tools haven't connected those two facts yet.
Hedgie🤗
@THERock927@HunterBiden@ArtTherapy73@TheStefanSmith When you have a say or do anything mentality to get money, 47, his cabinet, his supporters, and his billionaire buddies, are exemplary of what that corruption and greed yields . They’re not successful they’re lying cheats. With nary a pushback from US citizens.
@HunterBiden@TheStefanSmith Hunter Biden is gearing up to win comeback player of the year in the US. Across the board clean sweep
He's not even trying either. The Biden family is in good hands. Gotta love it
Hunter’s responses are a breathe of relief and humor.
It’s eye-opening and shocking, how many humans are willing to poison their own entire cellular body, mind, and soul, to spew such bile and venom at another human.
It’s all about relationships.
Relationships may weigh us down sometimes, with duty, weight, multi-tasking, exhaustion - but, they also give back to us. If we pause, and stay still for a moment, we may feel the rush of the goodness, the gift, and the joy, in the moments of relationship.
Thank you Hunter.
And for those who want to “poison the well”, for themselves or for the rest of us - there has to be a better, healthier way to disagree, and still appreciate your supposed adversaries in this life.
It is all relationship.
@HunterBiden@TheStefanSmith@HunterBiden commandeering MAGA refugees by just simply making sense on X is what some would call a glitch in the matrix 🤯 wasn’t on my BINGO card for sure, but here for it nonetheless 😂🍿🙌
The Bidens truly had no alternatives left once Trump locked down the whole merch game. After all, who on earth could rely on Biden University with its classic $25M fraud settlement, Biden Steaks, Biden Vodka, Biden Mortgage, those endlessly bankrupt Biden Casinos that stiffed contractors, the China trademarks grabbed while in office, the $2B Saudi windfalls right after the White House, the NY real estate overvaluation schemes, the Biden Foundation bleeding misused charity funds until shutdown, constant emoluments violations with foreign money pouring into Biden properties, the Biden Network MLM operations, the collapsed Biden Airlines, Biden Magazine, Biden Shuttle, and every other piece of Biden-branded grift out there? Books were clearly the last resort. What a coincidence.
You caught them. Mom and Dad were going to sell bibles and cell phones, golden sneakers, and NFTs, Chinese watches and cologne but wouldn’t you know someone beat them to the punch. They were left with only one choice write two books like every former First Lady and President has done in modern history.
Bryce Mitchell on Trump's White House UFC fight:
Our government is desecrating its role in society by entertaining sports. Our government is to protect and serve the people. Our tax dollars and resources are funding this operation. The government is supposed to protect us, not entertain us.
@FurkanGozukara And what about what PALES IN COMPARISON to when a sitting #POTUS stole boxes of classified info he physically housed in a bathroom??? No lawsuit? No consequences? No trial? WHY NOT?
MCMINNVILLE, TN: “We’re not asking. We’re not begging. We’re saying, outright, NO.”
Locals demand a stop to DATA CENTERS, which will pollute air/water, hike prices, make noise, etc.. (Owner email 👇🏽, feel free to cc us: [email protected])
Full: https://t.co/WJ0PXMWaYr
@harryjsisson@A2_abd15 His dear leader cabinet insists he’s not sleeping/ so even if not sleeping he’s not paying attention. Is that too much to ask of A SITTING #POTUS. Esp one who’s stealing from taxpayers and corporations through threats and lawsuits? Come one #DoBetterAmericans. #DefendDemocracy
NVIDIA IS BUYING ITS OWN CHIPS AND CALLING IT REVENUE
And your retirement account is secretly holding the bag.
This scheme is literally straight out of the Enron playbook...
In January 2026, a special purpose vehicle called Valor Compute Infrastructure was created with one purpose:
Buy Nvidia's chips so Nvidia could book the sale as revenue.
Valor raised $5.4 billion and purchased over 100,000 of Nvidia's GB200 GPUs.
But $1.9 billion of that money came FROM Nvidia itself.
Nvidia invested $1.9 billion into the shell company, then sold that same shell company $5.4 billion worth of its own chips and booked every dollar as revenue.
It's the Girl Scout whose dad bought all the cookies and then she wins the sales contest because Dad was the customer. Except this Girl Scout is a trillion-dollar company and the cookie sale is $5.4 billion.
But it gets MUCH worse:
The remaining $3.5 billion in financing came from Apollo Global Management. Apollo structured the debt, packaged it into securities, and then sold those securities to Athene.
And guess who Athene is? Apollo's OWN insurance subsidiary. The one that sells fixed annuities to American retirees as safe, conservative retirement products.
Follow the chain:
Nvidia funds a shell company with $1.9 billion. The shell company buys $5.4 billion in Nvidia chips. Apollo finances the remaining $3.5 billion. Apollo sells the debt to its own insurance arm. That insurance arm packages it into annuity products and sells them to retirees who think they're buying something safe.
The retirees have no idea that their retirement savings are now backed by 100,000 computer chips sitting in some data center that will be worth pennies on the dollar in three years.
Now look at what's happening inside Athene:
$74.2 billion in US reserves but $217 billion in assets have been shifted to a Bermuda-based captive insurer, outside normal US regulatory oversight.
$103 billion of that portfolio (roughly 35%) is classified as Level 3 assets. That means there is no observable market price.
These assets are valued by internal models, not by actual markets.
And sitting on top of all those unpriced assets? 16.6x leverage.
If you're getting flashbacks to 2008, you should be.
Back then it was mortgages bundled into securities that nobody understood, sold to investors who had no idea what they were holding, rated as safe by agencies that never looked under the hood.
Today it's GPU-backed securities. Computer chips bundled into structured credit instruments, routed through an offshore insurance subsidiary, and sold to you as a retirement product.
The collateral is 100,000 GPUs leased to a single customer through an xAI subsidiary. If xAI stops making lease payments for any reason - financial distress, a pivot in strategy, anything - the entire structure unravels.
And Nvidia releases new architectures every year, so each generation delivers dramatically more compute per watt. A 5 year lease on technology that's obsolete in 2 years creates a mismatch that should terrify every annuity holder in America.
Every single step in this chain is technically legal. The SPV is legal, the lease is legal, Nvidia's equity stake is legal, the securitization is legal, and the Bermuda transfer is legal.
But legality and legitimacy are not the same thing.
I've seen every trick Wall Street has ever pulled in my 45 years of doing this.
And what I'm looking at right now is a pipeline that takes AI infrastructure risk, launders it through 8 layers of financial engineering, and deposits it in the retirement accounts of Americans who never agreed to fund Elon Musk's data centers.
In 2008 it was mortgage-backed securities.
In 2026 it's GPU-backed securities.
Different asset. Same greed. With the same ending.