You are smarter than this Ro. Imagine if Bernie had taxed @elonmusk 100% on his PayPal capital gains. We would have no @Tesla or @SpaceX - none of those jobs or GDP. Who do you think allocated the capital better for society? He will already pay $100 B in taxes - more than any human ever. I hope he donates some to kids via @TrumpAccounts to make every kid a shareholder in 🇺🇸 & continues investing all his heart, soul & money for the benefit of America & all humanity! 🇺🇸🚀🤍

The $1.8 Trillion Off-Balance Sheet Time Bomb At The Heart Of The AI Supercycle zerohedge.com/markets/18-tri…

Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge zerohedge.com/markets/blackr…

Adobe said that its chief financial officer would depart the company, leaving the company without a top tier of veteran leadership after CEO Shantanu Narayen announced in March that he would step aside bloomberg.com/news/articles/…

*ANTHROPIC PURSUES FIRST DATA CENTER LEASES: INFORMATION *ANTHROPIC SEEKS GOOGLE TO BACK LEASE PAYMENTS: INFORMATION

Ghalibaf Hits Back At Trump Ahead Of Threatened Bigger Bombing Tonight: "Endless Quagmire You'll Be Stuck In For Years" zerohedge.com/geopolitical/u…

AI Price Wars Begin: OpenAI Considers "Drastic Price Cuts" In Pursuit Of Anthropic Customers zerohedge.com/markets/ai-pri…

ORCL Free cash flow was negative $23.7 billion for fiscal year 2026,

Beijing Readies $297 Billion Data Center Buildout Blitz In Bid To Dominate AI Race zerohedge.com/ai/beijing-rea…

> be Sam Altman > see internally that ARR numbers are brutally contracting bc tokenmaxxing era is over cheaper models are closing the gap on frontier models LLMs are plateauing and becoming commodities > see that you are trapped in hundreds of billions of dollars in commitments and circular debt, with no way out > panic > see socialist senior citizen Bernie on social media calling for gov to acquire 50% stake in AI companies… > 💡realize that this is a gift from God: a golden opportunity to offload your bags onto the American taxpayer > call up the retards at the White House > tell them you’re willing to donate 50% of your giant AI shitco to the American people for free > wrinkly old retards at White House and in government fall for your shtick and think you’re being altruistic and patriotic even though you’re just being a con man as usual and dumping your bags > libertarian wannabe tech oligarchs like @DavidSacks and @pmarca bitch and moan about this under the pretense of “sOciAliSm bAd” but the *real* reason they complain is because more power for gov definitionally means less power for them (but they’re jumping way too far ahead, bc we are still nowhere near AGI) > gov falls for scam and acquires big % stake in OpenAI > months later it becomes clear to everyone lab revenue has stalled and AGI is nowhere in sight > AI bubble bursts leading to massive stock market crash and recession > you non-chalantly tell the world “it is very unfortunate that this happened” but you don’t actually gaf bc you’re still rich > you make more vague hollow promises that AGI is still getting closer (this is bullshit and you know it) and say the important thing is that “at least we are aligned now” and “well we had to be supported by gov bc we can’t afford to lose to China” even though profitable companies like Google always had the $ to fund AI research organically without gov support > Trump is so embarrassed he fell for your con that to save face he uses taxpayer money to pay down all the various debt commitments for you in a desperate attempt to prop up the economy and your shitco, so it doesn’t go to zero (his fam and buddies own lots of shares) > everyone hates you but what else is new > Just another day in Scam Altman’s America

BREAKING; SpaceX and Google enter a cloud service agreement through which Google has agreed to pay SpaceX $920 million per month from October 2026 to June 2029. Compute capacity provided includes about 110,000 Nvidia GPUs, CPUs, memory and other related components

Morgan Stanley Projects SpaceX Revenue Hitting Stratospheric $3.4 Trillion In 2040, $2.7 Trillion In EBITDA zerohedge.com/markets/morgan…

Why I call the below the most important story in markets / geopolitics? 1) without China importing far less, oil would be way, way above $100 2) Fed would be forced to hike rates, crashing Wall Street 3) President Trump would be against the clock in negotiations with Iran

I worked as a Big 4 auditor for a decade, here’s my take on the Burry “Fugazi” thread The transaction is real and the figures check out. Apollo led a $3.5bn capital solution for Valor Compute Infrastructure to fund a $5.4bn purchase of GB200 GPUs leased to xAI on a triple-net structure. Nvidia went in as an anchor LP. All publicly disclosed But the accounting isn’t prima facie erroneous, and the thread oversells two things On Nvidia’s revenue. Selling to an SPV is fine. The question under ASC 606 (US revenue standard) is whether control actually transferred. If VCI bears the risks and rewards, Nvidia books the sale legitimately The REAL issue is the $1.9bn Nvidia ploughs back into VCI as an LP. That’s the round-trip. Net, Nvidia took in roughly $3.5bn of outside cash but booked $5.4bn of revenue If part of your “sale” is funded by capital you re-injected, that portion isn’t a sale. The honest treatment is either net the $1.9bn off the transaction price, or run a “variable interest entity” (VIE) analysis and consolidate VCI. Recognising gross revenue on round-tripped capital is the potential weak apot On “legally invisible.” This is rhetoric. The chips sit on VCI’s balance sheet, xAI carries an ROU asset and lease liability under ASC 842 (US leasing accounting standard). Nothing vanishes. It’s held by an entity nobody consolidates, and whether that non-consolidation is correct is the VIE question above On Level 3 (fair value measurement tier). “No outside party can verify what they’re worth” is wrong. Level 3 means no observable inputs for that specific asset, NOT unverifiable We typically ALWAYS brought in valuation specialists particularly for high risk material txs, you use observable comps and secondary GPU prices as model inputs, and auditors treat it as a critical audit matter. It gets more scrutiny, not less The legitimate concern is smaller than this post lets on. Level 3 marks are management estimates exposed to optimistic bias, 34.7% concentration is high for retail annuity backing, and that sits on top of 16.6x leverage and a Bermuda captive outside US statutory oversight. Stack GPU residual-value risk on a multi-year lease and that’s the main concern Burry’s substance is defensible. The “retirees unknowingly carry invisible risk” packaging is sensationalised. Policyholders hold fixed contractual claims, their exposure is to Athene’s solvency, not directly to GPU residuals TLDR: auditors need to test whether the sale is overstated by the $1.9bn round-trip, and apply extra scrutiny to the unobservable Level 3 inputs I’d hate to be the Audit partner signing these transactions off particularly given the public interest and frequency of similar transactions Arthur Anderson Déjà vu?