Featherfoot Trader

Investing; $ETH, $TSLA, $IREN bull; MAGA; RFKj

[Shanaka Anslem Perera ⚡ @shanaka86]

Two days ago a company shipped the most powerful AI model ever released to the public.

Friday night, the United States government ordered it shut off. Worldwide. Every user, every country, gone by morning.

The trigger was not an attack. A rival showed the government a way around one of the safety locks. That was enough.

The company is Anthropic. The models are Fable 5 and Mythos 5, the most capable systems it has ever built, live for barely 72 hours. At 5:21 on Friday evening, Commerce Secretary Howard Lutnick sent the CEO a letter placing both under export controls, citing national security. The order, on its face, only barred foreign nationals. But Anthropic cannot separate foreign users from everyone else in real time, so to comply it had to pull the plug on all of them. The most advanced AI on earth went dark for the entire planet because of a sentence in a letter.

Here is the trigger, and it is the part that should stop you.

By Anthropic’s account, the government reviewed a single demonstration in which the model was asked to read a codebase and fix its flaws, and it surfaced a small number of previously known, minor vulnerabilities. That is the capability at issue. Finding bugs in code. The same kind of capability that, two weeks ago, a researcher used to catch a four-year-old hole in Zcash before it could be drained. The thing that makes the model a world-class defender is the exact thing that got it called a national security risk.

And Anthropic’s rebuttal lands clean. It says the identical task runs on OpenAI’s GPT-5.5, which sits under no such control at all, and that defenders already use this technique every day. One company’s model is pulled worldwide. A rival’s model, doing the same thing, stays online. National security is the reason given. Competitive accident is the result delivered.

This did not come from nowhere. The same administration spent the spring trying to brand Anthropic a supply chain risk after the company refused to let its models be used for mass domestic surveillance and autonomous weapons. A judge blocked that. The two sides had only just begun to thaw. Anthropic had filed to go public at a $965 billion valuation. On June 2 the President signed an order giving the government early access to frontier models. Then a rival demonstrated a jailbreak, and the most powerful model in the world was switched off three days after launch.

Step back and the pattern is the one that keeps repeating. A zero-knowledge proof hid a four-year flaw. A clean audit hid a redemption gate. A safety wall the company built to look responsible became the precise lever the state used to flip the switch.

The safest lab in AI built a model too powerful to fully release, warned the world it was dangerous, filed to go public at $965 billion, and got it shut down by its own government over a bug-finding trick a competitor can run untouched.

Anthropic calls it a misunderstanding and says it is working to restore access. As of Friday night, the most powerful public AI on earth is a black screen, and the kill switch turned out to belong to the state.

[Clay Travis @ClayTravis]

The SpaceX memes today are elite.

[0xMarioNawfal @RoundtableSpace]

SOMEONE ON REDDIT BUILT A GAME WHERE YOU RIDE A DIRT BIKE ON TOP OF ANY COMPANY'S STOCK CHART

[Elon Musk @elonmusk]

Helpful tool for improvement. It’s just physics thinking in the limit.

[Elon Musk @elonmusk]

Join our AI recommendations & advertising engineering team!

[IREN @IREN_Ltd]

IREN has announced a planned 800MW data center campus in Bundey, South Australia. 

This marks IREN’s first announced Australian data center project and one of the largest in the Asia-Pacific region announced to date.

Learn more: https://t.co/3bOYCUG3pk

[Elon Musk @elonmusk]

Bullseye

[NZ ☄️ @CodeByNZ]

Half a BILLION dollars on Claude.

In just one month.

Because nobody set usage limits.

The CFO after seeing the Anthropic invoice:

[The Kobeissi Letter @KobeissiLetter]

President Trump is undefeated in the stock market.

On May 8th, President Trump told everyone to "go out and buy a Dell."

19 days later, on May 27th, Dell was awarded a $9.7B contract with the US Pentagon.

Today, Dell, $DELL, reported stronger than expected earnings and the stock surged +30%.

Dell's stock is now up +80% since May 8th, adding +$120 BILLION in market cap.

Truly unprecedented.

[The Bitcoin Historian @pete_rizzo_]

BREAKING: CNBC JUST REPORTED ELON MUSK IS CONSIDERING MERGING SPACEX AND TESLA INTO A $7,500,000,000,000 COMPANY

THE COMPANY WOULD HOLD OVER 30,000 #BITCOIN ON ITS BALANCE SHEET

THE LARGEST BTC COMPANY ON EARTH IS LOADING 🔥

[IREN @IREN_Ltd]

IREN has entered into a $1.6bn purchase agreement with Dell for air-cooled Blackwell systems to support its previously announced 5-year, $3.4bn managed services AI cloud contract.

The systems are expected to be deployed across existing data centers at Childress, Texas, with commissioning targeted for early 2027.

Upon commissioning, the AI cloud contract is expected to increase IREN's annualized run-rate revenue (ARR) from $3.7bn to $4.4bn.

@danroberts0101, Co-Founder and Co-CEO of IREN commented:

“Securing capacity and accelerating commissioning are our top priorities in a market where time-to-compute is everything. Hyperscalers, enterprises and developers choose IREN as a partner because we own and control the full stack - the physical infrastructure, the compute, and the operational capability to deploy at scale.

Our relationship with Dell ensures access to hardware at the scale and speed the market demands. Every deployment we complete makes the next one faster, and that compounding execution advantage is what we are building.”

Learn more: https://t.co/xcg2XFO5b2

[Respeculator @respeculator]

This is the key issue below in the CGT changes IMO - it's not just that the 50% CGT discount is removed and ur left with 47% cap gains tax.. it's that the gains you get to index with inflation whereas the losses you don't...

Inflation erosion on the CGT plus bracket creep and inflation erosion cos they keep the progressive tax brackets the same or indexed below true inflation... is stealth theft

[IREN @IREN_Ltd]

Turns out the next big thing is pretty big.

Check out IREN on the Exosphere of @spherevegas this week during #DellTechWorld.

[Drew Pavlou 🇦🇺🇺🇸🇺🇦🇹🇼 @DrewPavlou]

NEW AUSTRALIAN NDIS DISABILITY FRAUD INVESTIGATION with @PeteZogoulas. This is Minnesota-style fraud on a national scale.

We found a voodoo style witch doctor who continues to operate Australian taxpayer funded disability services despite the fact that she remains under investigation for the death of a participant in suspicious circumstances.

We also discovered a massive PRISONER HARVESTING SCHEME where a West Sydney businessman named Jamal Sabsabi charged the Australian taxpayer $340,000 for PHANTOM DISABILITY SERVICES to PRISONERS sitting in JAIL CELLS.

Shockingly, we found Jamal Sabsabi simply started a new company right after being exposed for this prisoner scam.

When we barged into his new business to confront him, we found a new West Sydney businessman sitting in his place with a gigantic golden leopard statue on his desk worth thousands of dollars.

Josef Yousif at first denied that Jamal worked at the new office, before admitting he had “hired” him for his great “experience.”

Upon investigating Josef, we discovered he operated under at least six different legal names with a combined criminal rap sheet that features over 50 court appearances.

This is seriously one of the worst run government programs anywhere in the world.

We are talking about tens of billions of dollars in fraud and absolutely vile organised crime abuse of extremely disabled Australians.

[Mario Nawfal @MarioNawfal]

🚨🇺🇸SpaceX just revealed something that should make every legacy aerospace executive uncomfortable...

The company employed just over 22,000 people as of March 31, with none of them unionized.

For context, Boeing employs 182,000.

Lockheed Martin employs 123,000.

Northrop Grumman employs 95,000.

SpaceX is launching more rockets than the rest of the world combined while operating with roughly one-eighth the workforce of Boeing.

That kind of output per employee is not normal.

It is the result of an organizational design that prioritizes velocity, vertical integration, and ruthless prioritization, all of which trace back to Elon's operating philosophy.

Output per employee is the real metric in modern industry, and SpaceX is rewriting what the ceiling looks like.

Source: WSJ

[Shay Boloor @StockSavvyShay]

$IREN CEO Dan Roberts says the company is partnering with $NVDA and $DELL to build an AI compute ecosystem from land, steel and power all the way to the end customer.

[Alternative News @AlternatNews]

NVIDIA has lost out in China.

When NVIDIA had an unassailable lead, China was buying. It was great business for the US.

Then sanctions stopped the sales. China was forced to develop this new technology and is now almost there. They have already mastered the 5 nm chip technology.

During Trump’s visit, they refused to buy NVIDIA because they intend to compete in the market and maybe even bankrupt them with better, much cheaper products.

Another sanction that has backfired. If you can’t beat them, join them.

[The Rabbit Hole @TheRabbitHole]

“It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies and nosers−out of unorthodoxy.”

— George Orwell

[Keith Fitz-Gerald @fitz_keith]

With 91% of S&P 500 companies reporting, 84% have beaten on earnings and 80% on revenue.

What's more is the blended growth rate is sitting at 27.7%. Coming in, analysts were pencilling in 13%.

This is the strongest earnings growth we've seen since Q4 2021.

The naysayers will find something to complain about, they always do.

But this is once again, proof positive of something you hear me say frequently.

Investing in optimism beats cowering in pessimism.

[GURGAVIN @gurgavin]

JUST IN: ALL THE TOP INVESTORS IN THE WORLD JUST UPDATED THEIR PORTFOLIOS

HERE’S EXACTLY WHAT THEY’RE HOLDING AND HAVE BEEN BUYING 🧵⬇️