Mandeep Singh

1

[Mother Jones @MotherJones]

US accepts only white refugees for sixth consecutive month https://t.co/2l6otgHsaQ

[Melanie D'Arrigo @DarrigoMelanie]

Coincidentally, up to 37% of adults with insurance skip necessary medical care because they can’t afford it.

[Brandon Carl @brandonjcarl]

Documenting the headwinds I now see for AI.

It won't seem like it, but I love AI and am long-term positive. But when "math doesn't math" I take note.

1. The core thesis for foundation model lab investment has been high upfront investment made worthwhile by significant long-term profits.

2. These are capital intensive businesses and the compute commitments are very high relative to revenue and require strong growth over long time periods. The "leverage" (commitments versus revenue) is extremely high.

3. The fundamentals are not as positive as they previously were:
• Input costs are higher (commodities, chips, power)
• Interest rates are higher
• Competition is more intense
• Scaling Laws are now problematic: exponential costs/power cannot continue

4. Forecasting compute spend is challenging and high risk due to (a) revenue uncertainty and (b) algorithm uncertainty

5. Revenue growth appears to be slowing. The technology is valuable, but ROI is proving to be more expensive and take longer than anticipated.

6. The future is likely "different models for different use cases" with the lower end of the market being highly competitive.

7. Core use cases such as agentic software engineering are likely to need approaches beyond next-token prediction. They are Σ₂ᴾ complexity problems requiring multi-objective optimization and likely a combination of Transformers and other methods.

8. Current forecasts in memory makers are built largely on quadratic attention. That will not persist: we are already seeing work from DeepSeek, Minimax and Nvidia that can cut RAM needs by 80% or more.

9. This means semiconductor valuations are substantially overinflated and will go through the traditional glut versus shortage cycle.

10. For foundation model providers: lower costs with competitive differentiation is good. However, lower costs with a lack of differentiation would mean lower revenues. This makes it harder to (a) service commitments and (b) pay back investors.

11. Leverage is substantially higher than in previous cycles, evidenced by leveraged ETFs, call option activity and margin loans. Korea is particularly susceptible.

12. 0DTE options create a profile that has stronger parallels to portfolio insurance and 1987 than any other point I can remember.

13. The combination of exponential increases in call activity coupled with the ties of semiconductors to structured products means there is a non-trivial systemic risk to the financial system.

14. Implied earnings growth rates are inconsistent with other periods in history.

15. Macroeconomically we cannot and should not fund exponential cost increases. History has shown us repeatedly that there are better ways (see Quick Sort and Simplex).

16. Significant supply is hitting the market via IPOs.

––

Taken together: costs and competition are increasing while revenue growth is likely slowing. Valuations are fragile and prone to technology disruptions that are already here. Systemic financial market risk is extremely high.

[Bloomberg @business]

“The technology worked. The value didn’t arrive,” Bain concluded in the report. https://t.co/mZPh5ldFzp

[Jonathan 'Boo and Vote' Cohn @JonathanCohn]

Elon has failed to ever make SpaceX profitable, so he is planning to steal your retirement money to make it so.

https://t.co/jQK5QVjHE0

[Mandeep Singh @Light0fMind]

Wonder if all white people will have to answer for this guy now like minorities do?

Or do white people get the benefit of the doubt with their dignity and one person doesn’t represent them all?

[CBS News @CBSNews]

Seven properties, a Mercedes G-Wagon, sneakers worn by Kobe Bryant and a Mickey Mantle rookie card worth $1.5 million. All of these things were bought with taxpayer money.

Paul Randall pleaded guilty in one of the largest Medicaid fraud schemes in the California history – diverting more than $270 million in tax dollars.

[Panth Sewak @PanthSewak_]

ਘੱਲੂਘਾਰੇ ਦੇ ੪੨ ਸਾਲ — ਭਵਿੱਖ ਦੀ ਨੀਤੀ ਤੇ ਸੰਵਾਦ — https://t.co/K4AaunNS63

[Edward Grefenstette @egrefen]

SpaceX being rammed into indices with no profit requirements, seasoning, and generally looser constraints is economic terrorism. Index trackers will eat the loss when reality catches up and retail investors will suffer.

[Jaspal Singh Manjhpur @manjhpur]

#NewProfilePic #NeverForget1984

[Panth Sewak @PanthSewak_]

Khalistan: Vision, Legacy, and Future — Document Released on 29 April 2026

https://t.co/01nnxsWqHk

[Panth Sewak @PanthSewak_]

https://t.co/HzpXyA7JcC

[Jackie Singh @HackingButLegal]

Your 401(k) is about to become Elon Musk's exit liquidity

[Ian McMillan, CMT @the_chart_life]

Listen, I’m a big “the index is the index” guy, but they are openly looting the coffers.

This is 100% fraud.

[Hedgeye @Hedgeye]

Rule changes for the SpaceX $SPCX IPO:

Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.

This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.

Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.

Russell 1000 and Nasdaq 100 funds will absorb 24%.

The rules built to protect passive investors:

1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.

2. Nasdaq cut its inclusion window from 90 trading days to 15.

3. FTSE Russell cut its to 5.

All three benchmarks are now structured to buy SpaceX at IPO pricing.

[Ballsack Sports @BallsackSports]

Even Al-Qaeda was hating on Miami LeBron

[Mandeep Singh @Light0fMind]

How private equity raids companies and hollows them out by looting everything before they burn it to the ground….

Thats what these people are doing with the US Treasury and America as a country. The house of cards can only stay standing for so long.

[The Tennessee Holler @TheTNHoller]

ICYMI — Justice Alito’s son has been working in the Trump administration 🤔🤷🏼

So much corruption

[Mandeep Singh @Light0fMind]

There def some people out here pretending to be a Sikh but actually spying on our community on behalf of nation states.

[Sangita Myska @SangitaMyska]

At a live event for @zeteo_news with @mehdirhasan the actor Riz Ahmed says British Secret services tried to recruit him three times as an intelligence officer. The final time, the offer came from a senior BBC Executive (who he doesn’t name) …

[Mandeep Singh @Light0fMind]

Black Mirror ^infinity

[Tayler Hansen @TaylerUSA]

Now that it’s public, I can confirm that the popular Gambling Website ‘Duel’ will be posting Dalton Eatherly’s $1 million bond.

[Ian Welsh @iwelsh]

Funny how the best economy the US ever had was when the top marginal income tax rate was around 90%.

It's not the redistribution that matters. It's destroying the power of people like Bezos and Addelson over politics.

[Prem Thakker @prem_thakker]

Oh ya for sure dude imagine a country like that