today we launched ChatGPT. try talking with it here: chat.openai.com

Announcing Amazon S3 Files. The first and only cloud object store with fully-featured, high-performance file system access. Learn more here. go.aws/4tw17Zg

BREAKING: Explosions just hit Iran’s Lavan oil refinery and Sirri Island. Iranian state media described it as an attack by enemies. No perpetrator has claimed responsibility. The cause is officially unclear. The timing is not. The ceasefire is less than 24 hours old. Both sides have now violated it. On the Iranian side, IRGC provincial commands launched missiles at Israel, the UAE, Saudi Arabia, Bahrain, Kuwait, and Qatar within thirty minutes of the announcement. The UAE’s national emergency authority issued a live alert today confirming air defence systems are responding to an active missile threat. Kuwait absorbed the heaviest strikes of the entire war. Cluster munitions from Iranian ballistic missiles hit Beersheba, injuring two teenagers. Iran’s own Council stated the ceasefire does not signify the termination of the war. On the other side, explosions struck Lavan and Sirri. These are not random targets. During the Iran-Iraq War, when Kharg Island was damaged, Iran shifted its oil exports to Lavan and Sirri as backup terminals. The US struck military targets on Kharg on March 13 and again on April 7, deliberately sparing the oil infrastructure. Sirri and Lavan are the contingency nodes in Iran’s export chain. If they are damaged, the redundancy that kept Iranian oil flowing after Kharg is degraded. Whoever struck these facilities understood the architecture of Iran’s export network and targeted the failover, not the primary. The molecule crisis deepens from this direction too. Sirri Island hosts Iranian Offshore Oil Company development projects, NGL processing, and crude production feeding the same export infrastructure that the ghost fleet uses to deliver 1.22 million barrels per day to Chinese teapot refineries. Lavan refinery processes crude from the surrounding fields for domestic consumption and export. Both are energy molecules. Both are now burning. The structural pattern from June 2025 is repeating with surgical precision. The Twelve-Day War produced a ceasefire. Both sides violated it within hours. The ceasefire held on paper for eight months while violations accumulated underneath. Then the war resumed on February 28 with the strikes that killed Ali Khamenei. The five-stage cycle is: war, ceasefire, violations, accumulation, resumption. We are in stage three. The question is how long stage four lasts before the cycle completes. Trump declared total and complete victory and said Iran’s uranium will be perfectly taken care of. Netanyahu said Israel supports the ceasefire but it does not include Lebanon. Pakistan said it includes Lebanon and everywhere. Oman said there are no Hormuz tolls. Iran legislated the tolls. The IRGC is firing missiles at allied nations. And now oil facilities are exploding on Iranian islands in the Persian Gulf. This is not a ceasefire. It is a breathing interval between rounds of a conflict that neither side can end and neither side can win. The United States can destroy Iran’s above-ground infrastructure but cannot reach the centrifuges beneath Fordow. Iran can close Hormuz and fire at Gulf states but cannot feed its own population or stabilise its currency. The ceasefire does not resolve this structural deadlock. It pauses it. And the pause is already fracturing from both ends simultaneously. Islamabad is in two days. The explosions at Sirri suggest that whatever is discussed on Friday will be negotiated over the sound of detonations. open.substack.com/pub/shanak…

By the late 2020s, AI cumulative written output--every postcard, memo, whitepaper, and business-document--should be surpassed by AI. We left a written record; that record will be synthetically surpassed.

🌎 Citrini Research just dropped a provocative thesis: ⚠ We’re heading toward a “2028 Global Intelligence Crisis.” ⚠ ➡ The core idea? AI is making intelligence abundant — and the global economy isn’t built for that. Here’s the breakdown 👇 1/🧠 AI agents are removing friction everywhere. *By 2026–27: • Autonomous AI handles shopping, taxes, insurance, legal work • Commerce shifts to automated optimization • Industries built on complexity & information asymmetry collapse 2/💼 White-collar displacement accelerates. AI replaces knowledge work → Displaced professionals move down the wage ladder → Labor supply rises → Wages compress across sectors. *This spreads beyond tech. 3/🏢 SaaS & private credit are exposed. Many leveraged software deals assumed perpetual growth. But AI reduces demand for service-heavy SaaS. *Results: • Downgrades • Defaults • Risk repricing 4/🏠 Households weaken quietly. Prime borrowers still pay mortgages… But they’re tapping savings & credit. Income compression → Spending slows → Debt-to-income rises. 5/ 🔁 A negative loop forms: AI → layoffs → lower income → weaker demand → more automation → repeat. At the same time: Income stress → tighter credit → weaker wealth effect → slower economy. 6/ 🏛 Governments face structural strain. Tax systems rely on labor income. AI shifts income toward capital & compute. Less payroll tax. More pressure on safety nets. ⚠ The big idea: For 200 years, human intelligence was scarce. Now it isn’t. The report argues we’re entering a painful repricing as “intelligence premium” unwinds. Not necessarily collapse — but transition. Agree or not, the thesis is clear: AI isn’t just a tech cycle. It’s a macroeconomic restructuring event. Worth thinking about. *Link: citriniresearch.com/p/2028gi…

Peter Steinberger is joining OpenAI to drive the next generation of personal agents. He is a genius with a lot of amazing ideas about the future of very smart agents interacting with each other to do very useful things for people. We expect this will quickly become core to our product offerings. OpenClaw will live in a foundation as an open source project that OpenAI will continue to support. The future is going to be extremely multi-agent and it's important to us to support open source as part of that.

The GPU money loop: OpenAI needs more GPUs NVIDIA announces OpenAI $100B investment to deploy 10GW of GPUs NVIDIA stock gains $100B NVIDIA invests the $100B to OpenAI