The constraint on the AI buildout was never money or demand. It's electricity.
The physical world simply can't keep up with how fast intelligence is being asked for. So the hyperscalers may slow their chip buying for a while... not because they've lost faith but because the chips would be sitting in a warehouse waiting for power.
That pause is exactly when Nvidia brings out the next generation. And we need more powerful chips endlessly, because the demand for intelligence isn't just growing exponentially, it's in a DOUBLE exponential.
Same thing in Korean semis. It's the same story everywhere.
I wrote the whole thing up this week... why the buildout cannot stop, and where it's all heading. Linked below.
Delighted to meet Prime Minister @JamesMarapePNG and thank him for his continued leadership on immunisation and women's health in Papua New Guinea. I welcomed the countryโs introduction of the HPV vaccine and commended the government's growing investment in vaccines. As PNG works to reach every child, including those in the most remote communities, @Gavi remains a committed partner in advancing immunisation and supporting the country's journey towards self-reliance.
"Certain icons fall. The Romans, Darth Vader and Manchester City!" ๐
Now that Pep has left, do you think City will suffer the same fate as Utd have in the post-Fergie era? Andy Tate and Luke Stanley debated just that ahead of the Manchester derby this weekend!
Agree to Disagree, delivered by @Dominos_UK. AD
Fall 26
by Anthony Vaccarello
Rosรฉ, Connor Storrie & Liu Wen
Photographed by Talia Chetrit
The Niki
The 5 ร 7
#YSL #YvesSaintLaurent #SaintLaurenFall 26
by Anthony Vaccarello
Rosรฉ, Connor Storrie & Liu Wen
Photographed by Talia Chetrit
The Niki
The 5 ร 7
#YSL #YvesSaintLaurent #SaintLaurenFall 26
by Anthony Vaccarello
Rosรฉ, Connor Storrie & Liu Wen
Photographed by Talia Chetrit
The Niki
The 5 ร 7
#YSL #YvesSaintLaurent #SaintLaurenFall 26
by Anthony Vaccarello
Rosรฉ, Connor Storrie & Liu Wen
Photographed by Talia Chetrit
The Niki
The 5 ร 7
#YSL #YvesSaintLaurent #SaintLaurenFall 26
by Anthony Vaccarello
Rosรฉ, Connor Storrie & Liu Wen
Photographed by Talia Chetrit
The Niki
The 5 ร 7
#YSL #YvesSaintLaurent #SaintLaurenFall 26
by Anthony Vaccarello
Rosรฉ, Connor Storrie & Liu Wen
Photographed by Talia Chetrit
The Niki
The 5 ร 7
#YSL#YvesSaintLaurent#SaintLaurent
BREAKING: Fox News host makes JD Vance SQUIRM by confronting him over Trump's insane attempt at "bribing voters" with a fake promise of $5,000 if MAGA wins the midterms.
You can practically smell his sweat through your screen...
"So, Mr. Vice President, the Trump dividend raised some eyebrows. $5,000 for every adult citizen if the House wins," Fox's Bret Baier said, sitting across from Vance after Trump's speech at the Republican convention.
"It raised my eyebrows and both hands went up at the same time," chimed in Sean Hannity, a man who reliably rushes to support all of Trump's bad ideas.
"You guys don't need it. This is for the American middle class," said Vance, plastering an awkward, fake smile on his face.
"But if the Republicans win the House, $5,000 for every adult citizen. So you do the quick math, that's about $1.3 trillion," said Baier. "I can hear the critics' heads exploding. They're saying out loud, I guarantee you, 'the President is bribing voters to vote for Republicans to take over the House.'"
Yes Bret, that IS what critics are saying because that's exactly what Trump is doing. He knows that his party is heading into a devastating wipeout in the upcoming elections thanks to his failed Iran War, worsening affordability crisis, and ongoing Epstein coverup. Since he's too incompetent or lazy to actually fix the problems that he's created, he's now resorted to direct, blunt bribery.
Unfortunately for Trump, he doesn't have the power to distribute $1.3 trillion to voters without Congressional approval.
A community note on X has already appeared on a clip of the Baier interview and it reads: "Annual tariff revenue (under $300B) cannot fund a $1.3T payout, and distributing funds requires congressional approval. Previous cash dividend promises were also never delivered, including the 2025 DOGE dividend and proposed $2,000 tariff rebates."
More important is that latter point, because most Americans realize that Trump has no intention of following through on the promise. If Republicans were to win, the $5,000 checks would become just another broken promise.
"And then he's bankrupting the country because the deficit and debt is huge. And inflation would come back if this comes into play," added Baier. "So how do you answer those criticisms?"
Reader, would it surprise you to learn that JD Vance, the most spineless, obsequious man to ever hold the vice presidency, had no real answer?
Instead, he did what he always does and spun up a deeply dishonest defense of Trump's rantings, desperately stretching to give them a sane veneer.
"Well, I'd say first of all, what the President is talking about is fundamentally a dividend for American workers," said Vance. "We're taking in an extraordinary amount of revenue because the President of the United States is actually standing up to both foreign companies, but also foreign countries who've been taking advantage of America's workers for pretty much my entire life."
The truth, of course, is that those tariffs are being paid by American workers. Tariffs are a tax on consumption. The American people do deserve a refund, but Trump can't and won't deliver it. If he really wanted to address the financial strain he's placed on working class people, he'd cut those $5,000 checks personally and use all of the money that he's raked in illegally as President.
"All of these tariffs, what is a tariff, Bret?" said Vance. "A tariff is when the President of the United States says, if you want to undercut the wages of American workers, if you want to ship American jobs overseas, you're going to pay a big fat penalty when you try to bring that stuff back into the United States of America."
"Those penalties have generated a lot of revenues. They've helped us pay down debt," lied Vance. "What the President is just saying is if you keep it going to the American people, if you keep us in power and allow us to continue to do these things, then you're going to share in some of the benefit of this incredible wealth that we're creating in the United States of America."
The "if" there reveals the crux of this idea. If Trump wants to send $5,000 to each American adult, why does he need to wait until after the midterm elections to do so? He's conditioning this offer to buy votes. It's that simple.
"I don't think it's a controversial idea. It's actually the President of the United States saying we're all working together, we're all on the same team, and if we continue to create wealth, that wealth is going to go back to the American people," added Vance. "I think it comes down to, and maybe to expand that discussion."
But the simple reality is that we are not "all on the same team." Trump and Vance are on the side of the billionaire and corporations which is why, despite claiming to support the working class, every single one of their policies is designed to siphon even more wealth to the oligarchs.
The $5,000 checks are a lie and a distraction. Focus on the real issues and vote blue!
Please โค๏ธ and share if you aren't falling for Trump's lies!
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A boarding pass. A pair of shoes. A helmet. Behind each is a life, a family, and a story we should never forget. The @Sept11Memorial preserves those stories - and ensures they are passed on for generations to come. If you have an object that can help tell the story of 9/11, I hope you'll consider sharing it with the museum. https://t.co/FyL49upqss
What do you do when your media org is captured? You start your own.
Introducing....The Nerve!!! @thenerve_news
We're all-female, journalist-owned & launching next week.
Please help us build a truly independent, progressive new media!๐๐๐