Strong attack on frontier AI labs from silicon valley insider and Palantir CEO Alex Karp.
He explicitly mentions that enterprises must own the "means of production" in the video interview. I have long talked about why no large enterprise or nation that wants to be wealthy should ever outsource the critical capital goods needed for production - it would end up transferring "alpha" (all value creation) to its capital goods providers.
In a different context, this issue is already causing pain in the textile spinning industry. High tech robotic spinning machines are so expensive, it now takes over 7 years to recover the cost of machines by selling the finished product (yarn). So some of the mills are rethinking the foreign capital goods vs domestic labor spending.
Software companies that do "tokenmaxxing" also transfer all value to frontier labs.
Here is the crux of the matter: the entire business case behind the multi-trillion dollar capex by AI providers hinges on extracting all value from the rest of the economy and concentrating that in a few companies.
The rest of the economy has started to rebel, even the rest of the _silicon valley_ economy!
💡I think today marks the DEMISE of the AIADMK.
A very sad day for a party that played a big role in shaping Tamil Nadu politics.
EPS did his best. Could have been more flexible & made better decisions.
But, such is the political climate.
👉THIS IS THE END. No coming back!
Really don’t know what to say ! We call ourself the most progressive state 🙏🏽🙏🏽🙏🏽 appreciate @Seeman4TN who stands out among this vote for cash business. God save our democracy 🇮🇳🇮🇳
Today, India takes a defining step in its civil nuclear journey, advancing the second stage of its nuclear programme.
The indigenously designed and built Prototype Fast Breeder Reactor at Kalpakkam has attained criticality.
This advanced reactor, capable of producing more fuel than it consumes, reflects the depth of our scientific capability and the strength of our engineering enterprise. It is a decisive step towards harnessing our vast thorium reserves in the third stage of the programme.
A proud moment for India. Congratulations to our scientists and engineers.
People keep asking me if AI can help them make money from trading. My honest answer is not really.
As long as there's a human in the loop, you're still dealing with the same creature driven by fear and greed, and that human will keep making the same mistakes. But beyond psychology, there's a bigger problem. There's no real informational edge left in markets. The odds are that everything is priced in. And even when it isn't, operating under that assumption is almost always a good idea.
The people actually making consistent money in markets are high-frequency trading firms, market makers, prop desks etc that have built infrastructural and data moats over years, with significant investment of time and capital. Those are real edges.
So, where does AI actually fit? It's a tool to help you behave better. Not to generate alpha.
What it can do is help you build and test strategies, then execute them systematically, removing emotion from the equation. That means fewer panic sells, less revenge trading, and more consistency. What it can't do is turn a bad strategy into a good one or create a magic money tree.
This is still an edge, just a different kind. AI can make you more disciplined, but not smarter. And if you think about where most trading losses actually come from, that distinction matters more than people realise.
🤮This DMK stooge doesn't even know that Pondicherry then was under the French admin. and given the proximity, it was easier for Bharathiar to move there from TN.
That aside. Imagine how many such drugged brats have been cultivated by the DMK ecosystem for the bones they throw!?