Cynicist Capital

CNBC guest advice to entire youth generation unable to find work due to AI: "start your own company" Almost as good as Yellen advice to poor people: "make sure you have assets"

@bowtiedstocks Look at CBA 's PE and Meta's PE, and you are telling me SPX is overvalued. Lol

Make Australia such a shitty destination for investment capital that he’s tempted to put it into the S&P 500 at 27x earnings

@matt_barrie Illegal cigarettes, illegal booze, tobacco wars, machete attacks... wtf third world shit hole headlines are these ok Australia.

30%! jesus another black market brought to you by the australian government

@GreenTyler27 For that matter How does anyone's capital gains of shares or coins improve housing?

Can someone please tell me how exactly does taxing a 19-year-old’s Dogecoin gains help improve housing availability in Australia? I’ll wait.

That is not an Englishman.

LOL

Atlassian's revenue: $1.79 billion last quarter Atlassian's move: fire the engineer who built their infrastructure his move: post a 38-minute breakdown of every system he built, free for anyone to copy what he revealed: > Envoy proxy instead of enterprise load balancers > sidecar architecture for auth, logging, rate limits > DynamoDB + SQS for async provisioning > Packer + SaltStack for automated VM deployments at scale Atlassian charges per employee across 350,000 customers this guy just handed you the enterprise playbook for free save this

Where will AI be in 1, 2 or 3 years?

Ken Griffin went home on a Friday "fairly depressed" after watching AI agents at Citadel do work that used to take teams of PhDs in finance months to complete. Done in days. His words: "These are not mid-tier white collar jobs. These are extraordinarily high skilled jobs being automated by agentic AI." This is the head of one of the most successful hedge funds in history saying the people he pays seven figures to analyze markets and structure deals are being replaced by software that works in hours instead of months. Not theoretically. In his own office. Right now. The Coatue deck we covered earlier this week called agents "the biggest unlock" in AI. Griffin just confirmed it from the buy side. The shift from copilots to agents is not a future event. It is already happening at the highest levels of finance.

Why Boomers hate remote work: 1. They hate their wives 2. Work is their identity 3. They hate their families 4. They love to gossip 5. Control

"We locked 40 people in a room to work 40 hours a week for 40 years."

CITADEL KEN GRIFFIN WARNS AGENTIC AI IS AUTOMATING ELITE FINANCE JOBS IN HOURS, NOT MONTHS

Trump is not a statesman, but a sad buffoon. His bowing to Xi and Putin. His betrayal of Ukraine and Taiwan. His disastrous military failure in Iran. His antagonising of US’ historic allies. His squandering of US military bases in the world. His economic illiteracy. His grift.

Some cities are not fond of Remote Workers

@ZooNealand Has anyone done any studies on why Aussie women are getting bigger? Man, took a walk in the mall the other day, and I had to wonder how these women get fondled with legs that big.

Unpopular opinion: Aussie women were better-looking back in my day 🇦🇺 🦘 🍗 🏖️

British women getting ready for a night out clubbing

🇳🇱 A Dutch town of 9,000 people has been in open revolt for 3 days straight The plan: drop 110 young male asylum seekers into Loosdrecht, a quiet commune that had zero say in the matter The response: massive public resistance

🇦🇺 8% mortgages incoming, probably a good thing as it'll smash the Albo/Charmers gov

Google is making $62 billion a quarter destroying the websites it NEEDS to survive. This is literally a death spiral that ends with Google killing itself. Let me explain what's going on... Google added AI summaries to the top of every search result in 2024. When you Google something now, the answer sits right there on Google's page. You never have to click anywhere. Google took the information from someone else's website, summarized it, and kept you inside Google's ecosystem. The result: 60% of all Google searches now end without a single click to any website. Small publishers lost 60% of their traffic in one year. Medium publishers lost 47%. Even the biggest names in media, the New York Times, the Washington Post, Business Insider, all saw traffic fall between 22% and 55%. The Axios CEO called it "a referral extinction event for the ad-supported web." Google's response to all of this was to tell publishers they can "opt out" of having their content summarized. But opting out also REMOVES your description from normal search results. So the choice Google gives you is let us steal your content for free, or become invisible on the internet. That's extortion. The Washington Post laid off another round of journalists this year because of it. Stereogum, one of the most respected music publications on the internet, had to BEG readers for donations. Business Insider cut 21% of its staff. Dozens of smaller publishers have shut down entirely. The people who actually CREATE the information Google summarizes are going bankrupt while Google posts record revenue. But here's where this gets interesting and where everyone stops thinking: Google's AI summaries are only as good as the content they summarize. If the publishers who write the original articles, run the original investigations, and create the original data go out of business, there is nothing left for Google to summarize. The AI starts recycling old information, the answers get stale, the quality drops, and users start noticing that Google's summaries are increasingly wrong, outdated, or useless. Google is essentially strip-mining the internet for short-term revenue. They are extracting all the value from content creators without paying for it, driving those creators out of business, and then wondering why the quality of their own product is declining. This is exactly what Napster did to the music industry in the early 2000s: Made content free, creators went broke, and quality collapsed. It took a decade to rebuild. Google is doing the same thing to the entire internet at 100x the scale. Rolling Stone, Variety, Deadline, The Hollywood Reporter, and Billboard are now suing Google for antitrust violations. Chegg, the education platform, lost 49% of its traffic and is suing too. The UK's competition authority just ordered Google to let publishers opt out without being punished. The DOJ already ruled Google is an illegal monopoly. And Google's defense in court is genuinely unbelievable. They argue that publishers CHOOSE to let Google index their content and can leave anytime they want. That's like saying you choose to pay protection money to the mob because technically you could close your business and move to another city. Google controls 90% of search. Leaving Google means leaving the internet. Meanwhile Google is investing billions in custom AI chips to make these summaries cheaper at scale. Every quarter the problem gets worse. The internet as we've known it for 25 years ran on a simple deal: Publishers make content. Google sends traffic. Advertisers pay for the traffic. Everyone wins. But Google just BROKE that deal and kept all the money.

I won.