King's Lead Hat

This was over 1,000 game releases ago

‘While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports.’ www.reuters.com/world/china/...

FEDWATCH: “.. the AI trade bubble is evident across the entire AI infrastructure stack. .. Names such as Teradyne, Lam Research, GE Vernova, Vertiv, Bloom Energy, .. have fallen 30% to 35% from their late-June highs, while their investment-grade spreads have widened 40 to 60 basis points ..”

lol and lmao

This guy needs to go to jail. He needs to be questioned, under oath, then indicted, then tried, then jailed.

logging in for my 8 hour stint teleoperating your cpap implant

“You have vendor financing being done at a scale that we’ve never seen before,” said Jason Pompeii, a senior director at Fitch. “That just increases the chance that if AI ends up being a disappointing story, there will be ripple effects throughout the supply chain.” www.bloomberg.com/news/article...

WDYM THAT SHITS ON SALE

Brent within $2 of its highs for the year. (via Kobeissi) ⛽️

Premium: The Hater's Guide To Blackstone, the world's largest asset manager that grew through exploiting financial crises and rental markets. With $200bn in AI data centers and investments, it may be the first time Blackstone is left holding the bag. www.wheresyoured.at/premium-the-...

this is the funniest thing i've ever seen in my life

“.. The lowest-rated portion is expected to carry interest rates of about 8.3%, according to people familiar with the deal .. .. President Donald Trump purchased $5 million in SpaceX bonds in August.” @semafor.com $SPCX www.semafor.com/article/10/2...

Just as a private equity firm buys out a corporation and strips it for parts, a consultant class is raiding the Democratic Party and getting “generationally wealthy” along the way New from me and @adambonica.bsky.social newrepublic.com/article/2163...

the boys are going through it today

OpenAI is washed

this is partly how we end up with such credulous, fawning coverage of AI

Intel, 39% drawdown. $INTC

Clammy Sammy mentioned

In June, 404 Media obtained leaked audio from Accenture where execs shared that a big source of AI token ‘chewing’ is people just converting PDFs to presentation slides. Now, they're capping use to $29 a month. Employees are stressed. @josephcox.bsky.social explains: www.youtube.com/watch?v=I-ag...

‘The company has signaled that it could potentially spend $750 billion in the coming years on obtaining more computing capacity, including deals it is still negotiating... Anthropic generated around $16.3 billion in revenue in the six months ended June 30.’ www.wsj.com/tech/ai/anth...

is that good

> @bloomberg.com www.bloomberg.com/news/article...

'Equity markets are souring on AI cloud firms. That raises the prospect that Nvidia may have to go further to shore up confidence in the sector, despite its substantial existing commitments and growing demand among investors for protection on its own debt.' www.theinformation.com/articles/nvi...

This chart shows the key risk to the AI trade, and it's missing from the latest revenue announcements. The AI boom is fundamentally driven by a top 1% of companies that drive 80% of spend. Within that top 1%, 80% are venture-backed.

BREAKING: Anthropic reports an $80 billion net loss in the first half of 2026.

Business Insider confirms it: Amazon has warehouses of GPUs that can’t be installed, and is buying them so far in advance that a supply chain team said they “didn’t have a clear forecasted path” to installing them. www.businessinsider.com/amazon-220-b...

NVIDIA seems to be channel stuffing, forcing Amazon and other customers to take early delivery. The argument that these things are "scarce" when you don't even have anywhere to plug them into is nonsense...unless NVIDIA is saying you NEED to take them now, or else. GPUs are stacked in warehouses.

This means that the increased price of RAM and consumer electronics was a result of an artificial "supply chain crisis" created by Jensen Huang pushing NVIDIA's customers to take early delivery of GPUs. Jensen Huang is responsible for making life worse for everyone.

Free newsletter: In July, Apollo Economist Torsten Slok said that "AI better work out, or we have a problem." Facing ever-growing high-interest debt, negative-EBITDA AI labs and $200bn+ in warehoused GPUs, that's exactly what the AI industry has. www.wheresyoured.at/ai-had-bette...

I also wanted to pull out a special part of the piece: fuck Jensen Huang. By forcing customers to take early delivery of GPUs to boost quarterly revenues, he artificially inflated the price of RAM and every consumer electronic. What he and his hyperscale paypigs have done is morally reprehensible.

Self-serving nonsense: conveniently, these anthropomorphizations always serve to treat us like machines and to violate the law with impunity (“it was the agent”)

Do you guys remember when Linus denied C++ because it's used by "substandard programmers" and "it's much much easier to generate a total and utter crap with it"?

makes sense