Peter Bonney

Investor & founder

[Peter Bonney @PeterKBonney]

We're giving away money at ZScoreX to prove a point.

Credit event trading shouldn't be locked behind $10M minimums and ISDA agreements.

So we're backing early believers with real capital.

Introducing the ZScoreX Pioneer Program.

[Perturb.ai @perturbai_tx]

Introducing PerturbAI.

Today we announced our emergence from stealth with the release of the world’s largest in vivo CRISPR data engine, interrogating the effects of thousands of genetic perturbations across 8 million cells throughout the whole brain.

This dataset represents a new category of biological data: organism-level, circuit-resolved causal genomics leading to novel targets and therapeutics.

By combining scalable in vivo CRISPR perturbation with AI, we model biological systems at unprecedented resolution and simulate therapeutic interventions before committing to expensive downstream development.

We’re grateful to our collaborators at @NVIDIAHealth and @10xGenomics for helping make this landmark dataset possible.

Read More: https://t.co/acsEDLr8RL

#CRISPR #AI #DrugDiscovery #FunctionalGenomics #Biotech

[Peter Bonney @PeterKBonney]

@T_Zahil It’s not an either/or but a yes/and. I ALWAYS have an IDE open while using Claude Code. My CC workflow is more or less the same as my Cursor workflow was, it’s just that my AI assistant is in a terminal (rather than a widget in my IDE).

[Peter Bonney @PeterKBonney]

$ORCL debt is the most visible and liquid proxy for AI infrastructure credit risk. If you aren't already paying attention to what markets are saying about Oracle credit, you should.

[ZScoreX @GEC_Holdings]

Oracle is the clearest proxy for AI infrastructure credit risk in public markets.

CDS spreads are the market's real-time vote on whether this $100B+ bet pays off.

What's your read - opportunity or warning?

[Peter Bonney @PeterKBonney]

@Austen Yes. But you could say that ChatGPT was just GPT for non-technical people. The interface was the innovation, and it led to an explosion of both interest and use cases.

[Peter Bonney @PeterKBonney]

@cblatts It's not a marketing campaign. A few weeks ago I noticed a major shift, started involuntarily gushing about it with friends, and found they all experienced the same thing around the same time.

It's just... different. And when you experiene it you can't shut up about it.

[Peter Bonney @PeterKBonney]

Total potential: up to $400 or more in your first 90 days.

But this won't last - slots are limited. When they're gone, they're gone.

Early believers get rewarded. That's how it should work.

Sign up at https://t.co/nyxbeMKamK.

[Peter Bonney @PeterKBonney]

We're giving away money at ZScoreX to prove a point.

Credit event trading shouldn't be locked behind $10M minimums and ISDA agreements.

So we're backing early believers with real capital.

Introducing the ZScoreX Pioneer Program.

[Peter Bonney @PeterKBonney]

This is the one that matters most.

Your trading losses are covered for 90 days. Up to $100.

You're auto-enrolled. No application.

We want you learning, not hesitating.

[Peter Bonney @PeterKBonney]

When you make prediction markets for events that have ambiguous resolution criteria, guess what happens next.

There are so many useful, well-defined targets for binary event contracts. But the market leaders are out here letting this nonsense happen. https://t.co/vUOo3LBKKm

[Peter Bonney @PeterKBonney]

@salcekosma All of Saks’ dealings with suppliers over the last 12 months looks pretty cynical in hindsight. I’m guessing they knew for months that they wouldn’t make the December interest payment.

[Peter Bonney @PeterKBonney]

Bankruptcy or yet ANOTHER restructuring is next. The difference between those two outcomes is minimal to lenders at this point, but it’s everything to suppliers whose bills haven’t been paid.

[Bloomberg @business]

Saks, the cash-strapped retailer, skipped an interest payment to bondholders totaling more than $100 million that was due Tuesday as it looks to negotiate a deal with creditors, according to people familiar with the situation https://t.co/9k7PdXbpMC

[Peter Bonney @PeterKBonney]

$CRWV credit is at 750, $ORCL at 140. Not sure what that means? This explainer is for you!

[ZScoreX @GEC_Holdings]

Most prediction market traders have never heard of credit spreads.

But if you want to trade corporate bankruptcies, defaults, etc., credits spread are the single most important concept to understand.

A thread on the metric that institutional credit desks live and die by:

[Peter Bonney @PeterKBonney]

The paradox of $CRWV: it is obviously a terrible credit risk, but it just as obviously a terrifying short.

Buy credit protection AND buy the stock? 🤷

[ZScoreX @GEC_Holdings]

The numbers that matter:

- Z-Score: 0.55 (distress threshold: 1.81)
- Interest coverage: 0.2x
- Debt-to-equity: 361%
- Working capital: -$5B
- Total debt: $18.8B
- Off-balance-sheet leases: $34B

Every metric screams distress. Yet revenue is growing 100%+ YoY.

[Peter Bonney @PeterKBonney]

@arndxt_xo I agree about market resolution - no financial market with potentially ambiguous outcomes will become major.

But I disagree about contract creation. The vast majority of liquidity in stocks, futures, etc. accrues to a small number of popular securities. Curation > creation IMHO.

[Peter Bonney @PeterKBonney]

Don’t tell me we aren’t approaching the not-so-good part of the credit cycle. https://t.co/Ip8pU88vJc