BREAKING: Palantir's Alex Karp says OpenAI will never IPO.
His theory: nationalization is the only real exit.
When asked what the S-1 risk factors look like, Karp's answer was simple: there is no S-1.
The liability exposure from frontier AI is so large that no public market can absorb it.
The only entity big enough to backstop it is a government.
If Karp is right, OpenAI doesn't become the next Google.
It becomes a utility. Or a weapon.
The most valuable AI company in the world may have no clean path to public markets.
Is nationalization actually the most likely outcome for frontier AI labs?
Massachusetts has now posted 31 MONTHS of year-over-year job losses since 2023 (private jobs, ex-health care)
In contrast, the Great Recession of 2008-2010 saw 25 months of YOY losses
With Governor Healey and the one-party supermajority, YOY jobs losses in
every month of 2024
every month of 2025
every month of 2026, except for June
June was not a turn around as some claimed, July and August both returned to losses
This isn't MA having "a couple bad years"
This is a structual, MA-specific problem
⛔️History: On October 6, 1981, during a military parade in Cairo commemorating the 1973 the War, Sadat was killed by members of the Egyptian extremists-The lead assassin, shouted “I have killed Pharaoh” while attacking with grenades and gunfire‼️
America’s corporate governance system is broken, and it’s killing public companies. Look no further than Cracker Barrel: Decades of brutal mismanagement have seen one incompetent CEO after another walk away with a massive paycheck while customers and actual shareholders take a beating.
Why does this keep happening? Because proxy advisory firms like ISS are corrupt. They blindly rubber-stamp failing boards year after year, protecting the corporate elite while burning shareholder value to the ground.
The root of the rot is index funds. There's no question that indexing one's money is a smart financial move for most people. But just because you passively index your investments doesn't mean your corporate votes should be handed over to the managers of your fund so they can play politics. Right now, passive funds hold massive, unchecked voting blocks while having zero skin in the game themselves.
It is time for a simple rewrite of the rules: We need to index the votes of index fund investors.
Passive index funds should be forced to automatically split their votes to proportionately mirror those of retail and active institutional shareholders — the people actually doing the research, risking their capital, and fighting for performance in the companies they hold shares in. No more rubber-stamping. A change like this will immediately strip corrupt gatekeepers like ISS of their toxic influence.
True accountability happens when lazy, overpaid boards actually answer to the stakeholders they represent, rather than screwing them over.
Actual, logic-driven governance when your money is passive happens when your vote passively follows the voting decisions of the actual market.
We need to stop letting passive capital protect active incompetence. By stripping index funds of their arbitrary voting power and empowering engaged investors, we will finally torch corporate cronyism and usher American capital markets into a golden age of capitalism.
In 1983, an 80-year-old Navy admiral held up a piece of wire and proved that almost every engineer in the room had been lying to their bosses about the speed of their own computers.
Grace Hopper cut the wire to 11.8 inches — the maximum distance light can travel in one nanosecond. Anyone who quoted a chip speed in nanoseconds without knowing that number didn't actually understand what they were selling.
The wire wasn't a teaching prop. It was a public test. Generals and executives had been nodding along to "nanosecond" for years without being able to picture one — she made the invisible unit something you could hold, and something you could be caught not understanding in front of a room.
42 years later, computers run in picoseconds, a distance a thousand times shorter than what she was cutting, and nobody hands out the proof on live TV anymore.
We have reached such low trust society status in America that we have individual ice cream pint security devices to stop theft
This is in Pittsfield, Massachusetts which has been Democrat run for 52 years
This is what decades of Democrat leadership leads to…. This is not the America we want to live in
You’ve got to wonder if there is even a way to reverse the damage that’s been done at this point
Oh, the injustice!! 🤣🤦♂️🤡🌎
I think I missed some of the details. The part where she was told they were adding dumbbells to her golf bag…and she and her guests needed to walk backwards for the whole 18 holes. Their golf shoes were to be soaked in water, and coal embers and used syringes were going to be placed in them.
Discretion is the better part of valor. Always!!
In light of the revelations about the multiple advance notices Netanyahu received about Hamas planning a major attack on Israel shortly before Oct. 7, it's worth re-visiting the question Charlie Kirk asked, one to which no answer has ever been provided:
Remember in 2021 when a bunch of Nobel laureates "spontaneously" got together and wrote a letter saying that Biden's proposed spending bills would reduce inflation? That was awesome.
Yes, it's funny that Biden and his people couldn't even get the talking point correct, but it's pretty pathetic (and corrupt) how these Nobel prize winners are just ready to jump whenever the Democrat party needs them.
Biden's total Build Back Better plan didn't get passed as one bill, but they broke it up in chunks and passed much of what was in the original bill. The Infrastructure Act. Inflation Reduction Act. Two trillion dollars.
It is widely regarded as fact now by economists that the Inflation Reduction Act did not reduce inflation. The Nobel laureate geniuses were wrong. Imagine that.
Did these Nobel prize winning clowns apologize for getting it wrong? Of course not. Here's what they did instead. They got together before the election in 2024 and wrote a letter in support of Kamala Harris's economic plan, just like they had done for Biden.