Defrag

Investor. Writer. Investing: SK Ventures. Not often found in cities.

[Defrag @defrag]

As a general rule, anyone reading my tweets should assume that something north of 65% of them are actually me joking around.

[Defrag @defrag]

Preach it from the mountaintop!

[Thor Nystrom @thorku]

There are 30 NFL stadiums -- 27 (90%) used direct public funding. The other 3 got tax breaks/publicly funded infastructure.

Stop taking games from fans, stop stealing rev you promised tax-payers when asking for their $, stop diluting the product, and stop risking player health.

[Defrag @defrag]

Has no one at OpenAI seen The Terminator movies? Guys, this is not rocket surgery. ;)

[unusual_whales @unusual_whales]

BREAKING: OpenAI’s autonomous AI systems have tried to prevent employees from monitoring their actions, and the company is not sure why, per NBC

[Haseeb Qureshi ＞|＜ @hosseeb]

This is how banks are planning to stop those "agentic bank runs." Watch closely: their business model depends on seeding this narrative that AI agents are dangerous.

Remember, an "agentic bank run" (coined by Apollo) means agents helping customers move their own money en masse to higher-yielding products.

Once agents are ubiquitous, there are only a few ways for banks to hold onto cheap retail deposits.

Option A: Raise APYs (lol no)
Option B: Reduce leverage via fewer loans (no fun)
Option C: Ban AI agents, claiming they are a security risk (ding ding ding)

Cloud agents like Muse and Dot are trivial to stop, since they come from Meta / OAI IP ranges. If JPM sends them a cease and desist, they will comply.

Why would JPM bother? Because their business model depends on it; a huge portion of their ROE comes from cheap retail deposits. This is not theoretical. Just like Amazon banned Muse from shopping there to protect their ad revenue, JPM and Schwab have already banned AI agents to protect sticky deposits.

Are agents perfectly reliable today? Of course not. But look at the fix they chose. Not "here's a safe API for agents," it's "no agents ever." That tells you they're not protecting customers, they're protecting themselves.

No company ever wins a technological revolution this way. It's the last gasp of a dying business model. It's like the retailers who refused to put their inventory online and demanded users walk into the storefront. Over time they will lose market share to those platforms that embrace what's coming. Their whole deposit franchise depends on users unthinkingly clicking through walls of T&Cs and accepting 0.2% when the risk free rate is closer to 4%. Agents read the fine print and do their research, even when humans don't.

For users, the answer is simple: local AI agent frameworks like Hermes, that will actually act on your behalf and that the banks can't block. As the article says, if the agent is running on your own computer, they can't actually tell it's not you.

[Defrag @defrag]

I didn't read this as a rogue AI agent emptying bank accounts. I read this as an AI agent *authorized* by the end user to do some broad task started taking actions not necessarily authorized by the user. Ex: "maximize my APY on excess cash funds" -- agent goes off willy nilly chasing daily APY across any number of bank accounts....

[Ron DeSantis @RonDeSantis]

Imagine a rogue AI agent liquidating your bank account and investment portfolio.

If you are the only victim, I suppose you could get made whole by the AI company responsible.

If rogue agents liquidate hundreds of billions across millions of accounts, the AI company would go bankrupt and you wouldn’t get made whole.

Imposing criminal liability on AI executives might help mitigate it at the front end, but once the crime is complete and you lose everything criminal responsibility will be necessary but completely insufficient.

[*Walter Bloomberg @DeItaone]

FRANCE'S MACRON: SEDITIOUS ULTRA-LEFT GROUPS WERE BEHIND SATURDAY’S RIOTS AND PLANNED TO “BRING DOWN THE REPUBLIC”

[Defrag @defrag]

Reminder: by nearly any measure, the most popular music in America right now is.....country.

I like Jay-Z's music as much as the next guy, but - dude - read the room.

[Polymarket @Polymarket]

BREAKING: Jay-Z has reportedly selected himself to headline the 2027 Super Bowl halftime show in Los Angeles.

[Bob Nightengale @BNightengale]

The Tampa Bay Rays are now 92-0 when leading after 8 innings, the longest streak since the 2002 Oakland A’s

[Tampa Bay Rays @RaysBaseball]

The Magic of Rays Baseball

#ForTampaBay | #Postseason

[Defrag @defrag]

Just like every DUI ever, "I only had 3 beers" means they had a 12 pack plus 3 shots of tequila.

[Polymarket @Polymarket]

JUST IN: Indiana Democratic candidate Jamie West admits she drank “3 beers” before her viral TV interview.

[Ryan Maue @RyanWeather]

This article is "factually inverted" and opposite of what happened.

The Trump administration refocused the GeoXO satellite program back to weather forecasting undoing Biden admin additions that risked the whole program.

This story is a complete fabrication.

[Defrag @defrag]

@electricsnuff this person clearly does not understand who Mike Evans is. He was constantly injured in Tampa, and it took a LOT for him not to play.

[Kevin Adams @MagicSportsGuy]

New NBA tool incoming to @StatRankings 🏀

[trey wingo @wingoz]

Yeah…this isn’t a”how much he loves football “ story. It’s a “ everyone in the Eagles organization needs to answer some really hard questions “story

[Geoff Schwartz @geoffschwartz]

I’m firmly in the camp if you have to stay awake for 36 hours before kickoff so you don’t die from a blood clot you should probably skip playing that game.

[Defrag @defrag]

This is beyond nuts.

[Chris Meaney @chrismeaney]

I truly don't understand why Jalen Hurts was allowed to play in that London game against the Jaguars.

He was told not to sleep and was awake for 36 hours before the game?

Insane.

[Defrag @defrag]

Currently enjoying:

[Defrag @defrag]

@jeffnolan @RealFrankFromFL Linds'a steakhouse in Orlando, Columbia in Ybor, Blue Heaven in Key West -- my top 3 (in no order).

[Defrag @defrag]

@jeffnolan I will be partaking this evening whilst watching the Packers game. ;)

[Defrag @defrag]

Prediction: this number will rebound dramatically in the 2030-2035 timeframe.

[Charlie Bilello @charliebilello]

The percentage of US adults who say they drink alcohol has plummeted to 54%, the lowest in the history of a Gallup poll that goes back nearly 90 years.

[Defrag @defrag]

@jeffnolan okay, I am legit impressed. I was just going to rely on surveys of the top 10 heaviest drinking counties in the country -- WI has 5 of them.

[Defrag @defrag]

@jeffnolan Wisconsin is basically carrying the nation on this one. Well, Sconi and Florida. The rest of em are a bunch of teetotalers.