Ste -

i program my day 👨‍💻

- currently turning my OpenClaw into my proactive AI Assistant

[Ste - @StevenMadec]

Gonna pin this 📌

After 2024, trying to become a Senior Developer, i started to pursue my dream: designing & sharing useful 3Dprinted stuffs and make a living out of it.

I have:
– Ideas
– No Plan B
– No Saving
– And most of all: Faith in myself

Let's see if I can make it !

[Ste - @StevenMadec]

@LeContempIateur Imagine toi, assis dans une PS5 face à la mer a remémorer ton choix merdique H24...
Faut bosser !

[Ste - @StevenMadec]

@FranceCryptos @saylor Ça veut dire que la baisse va continuer et les bons stratèges full cash vont accumuler du Bitcoin à 20-25k$

[Ste - @StevenMadec]

@Monty_Brogan69 Et mettre des ampoules led a détection mouvements, sauvons la planète !

[Ste - @StevenMadec]

@OuranosMK L'alcool c'est de l'ancien temps, c'est surtaxé et rend addict

[Ste - @StevenMadec]

@brivael Un jour Elon va envoyé son armée de robots Optimus pour prendre le pouvoir d'un pays,

et on fera les choqués ...

[Ste - @StevenMadec]

@publicsenat Droite libérale

[Ste - @StevenMadec]

@unusual_whales

[Ste - @StevenMadec]

@LemotCambronne avec une dette à 115% du PIB et de bonnes décisions,
la Russie serait dans le top 3 des Pays les plus prospères du monde en 2026 ...

[Ste - @StevenMadec]

@0xKasper_ l'un augmente, l'autre stagne / baisse

[Ste - @StevenMadec]

@Mowgli_Trading belle perf, belle sortie, du bonheur pour la suite !

[Ste - @StevenMadec]

Michael Burry's "Fugazi" theory explain
https://t.co/ppx7HY97px

[Bull Theory @BullTheoryio]

🚨Michael Burry just said Elon Musk and Nvidia's deal is built on fake numbers.

Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake.

He is alleging that billions of dollars in Nvidia chips are being hidden off balance sheets, and that American retirees are unknowingly funding the whole thing.

Nvidia, the world's largest AI chip company sold $5.4 billion worth of its most advanced GPUs, the GB200, to a company called Valor.

Valor is not a real operating business. It is a special purpose vehicle, a shell company created specifically to hold these chips and nothing else. Nvidia also invested $1.9 billion of its own money directly into Valor on top of the sale.

Those 100,000+ chips are now physically inside xAI's data center. xAI is Elon Musk's artificial intelligence company, the one that builds Grok. xAI is using every single one of those chips right now to run its AI models.

But here is what Burry is flagging.

Neither Nvidia nor xAI owns those chips on paper. Valor, the shell company holds legal title. That means $5.4 billion in GPU assets do not show up on Nvidia's balance sheet as inventory.

They do not show up on xAI's balance sheet as assets. They are legally invisible to both companies.

Nvidia gets to book the $5.4 billion as a completed sale and record it as revenue. xAI gets full use of the chips without owning them. And the risk disappears into a shell company in the middle.

Now here is where American retirees enter the picture.

Valor needed $3.5 billion in debt to fund this structure. Apollo provided it. Apollo is one of the largest asset managers on earth with $1.03 trillion under management and $834 billion specifically in private credit.

Apollo raised the $3.5 billion, packaged it into debt securities, and sold those securities to Athene.

Athene is Apollo's own insurance company. It sells fixed and indexed annuities, retirement savings products, to ordinary Americans.

When a retiree buys an Athene annuity, they believe their money is sitting in safe, stable investments. That money is now inside a structure funding Elon Musk's AI data center.

The numbers inside Athene are most alarming.

Athene holds $74.2 billion in reserves. It has moved $217 billion in assets into a captive insurer based in Bermuda, meaning those assets sit outside normal US insurance regulation and oversight.

Of the entire portfolio, 34.7%, equal to $103 billion, is classified as Level 3 assets.

Level 3 is an accounting classification that means there is no observable market price for these assets. No outside party can independently verify what they are actually worth.

The leverage sitting on top of those unpriced assets is 16 times.

Burry's says:
Every step of this structure is technically legal and publicly disclosed. But the entire thing was deliberately engineered across 8 to 12 steps to move credit risk off balance sheets and away from any market pricing.

- Nvidia books the revenue.
- Apollo collects the fees.
- xAI gets the computing power.
- And retirees sitting at the bottom of a 16x leveraged Bermuda insurance structure, holding $103 billion in assets with no market price carry the risk without knowing it exists.

[Ste - @StevenMadec]

@BullTheoryio ça ressemble une fraude à la Lehman Brothers

[Ste - @StevenMadec]

@ErenChenAI Kame Robotics KT2 robot

[Ste - @StevenMadec]

@stats_feed Wow, Indians are so RICH !

[Ste - @StevenMadec]

@siliconcarnesf encore faut il avoir un job :

[Ste - @StevenMadec]

peak male living

[Ste - @StevenMadec]

@naiivememe 😂🤣

[Ste - @StevenMadec]

me to codex :
"read AGENTS.md, PLAN.md, and the .docs/ folder first, and use them as the main project context"

2 minutes later :

[Ste - @StevenMadec]

@ClementGaill le confort personnel au détriment du collectif, lesquels s'ajoutent pour au final augmenter la chaleur dans une zone habitable,

mais vu que mon voisin en a une, je suis 'obligé' d'en avoir une pour pas crever de chaud l'été...

[Ste - @StevenMadec]

@BaneThe76451 No, he destroy this piece of shit driver