Nvidia has built an empire on circular deals for chips. Can anything knock it down?
Bari Weiss killed a 60 Minutes story on CECOT, the El Salvador prison where the Trump administration has been deporting people. A senior correspondent noted that the story had been cleared by Standards and Practices, as well as the company’s lawyers, calling the decision “political.”
Why does this seem familiar? I feel like maybe someone predicted this?
Boy, the creative choices here for the Melania doc... They feel familiar somehow. Even, and maybe especially, the music.
A plan so astonishingly dumb, even Warner Bros. doesn’t believe it’ll happen.
SpaceX is planning to go public at a valuation that would make it the biggest listing of all time, Bloomberg reports. “The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company” and while they’re saying they plan for next year, it’s a Musk company so you know what that means: “the timing could slip until 2027.” SpaceX expects $15 billion in 2025 revenue, and $22 billion to $24 billion in 2026, mostly due to Starlink.
In the story I wrote about CoreWeave, analyst Gil Luria told me the company has “to keep borrowing more and more because they spend more money than they can get, structurally. They have to continue to borrow to pay interest on the last loan.” Aren’t you glad Nvidia helped them go public?
Alex Karp — the CEO of Palantir, the not-a-surveillance company put forward by Elon Musk’s DOGE to supply the US government with software that allows ICE to track immigrants — is very offended that anyone would suggest he is running a surveillance company.
Also, please “speak up” because “everyone” who thinks he’s a fascist is speaking up, said Karp, who famously wrote a dissertation on the rhetoric of fascism. I wonder why he’s so sensitive!
After CEO Sam Altman was fired and then unfired from OpenAI, Larry Summers was added to OpenAI’s board to replace the board members that had nixed Altman. In recently-released email messages, Summers seeks advice from Epstein on pursuing a woman he describes as a “mentee.” Hm!
