David Zhong

中国证监会等八部门联合印发《综合整治非法跨境证券期货基金经营活动实施方案》： 全面取缔境外机构非法跨境经营活动 设置2年集中整治期清理非法存量业务 所有未持牌的境外机构在境内提供的开户、招揽、交易、结算等证券经纪服务，必须全部终止；相关服务如App、网站、广告宣传等，必须下架 非法跨境经营境外机构及协助其非法跨境经营的境内相关主体均纳入整治范围 禁止境外机构为存量投资者在境内非法提供买入交易、转入资金等服务，只允许单向卖出交易并转出资金 过渡期后，境外机构全面关停境内网站、交易软件及配套服务，存量投资者账户在境内将无法交易 投资者已开立的账户不会被强制注销，账户里的资金及股票、基金等资产不会被强制清理

David Sacks: Nonprofits need to manufacture problems in America to stay in business David Sacks: “Here's the systemic problem with nonprofits and NGOs. Let me just contrast it with business. In business, you set up a company, the company has to make revenue, it has to make profits. And if it doesn't, it's going to go out of business, right? Because it'll lose money. So there's a feedback mechanism from the market. With an NGO, nonprofit, what have you, they raise money. They don't sell things. They fundraise from donors in order to engage in an activity, but what happens over time is the actual activities may stop mattering, and all that really matters is they're able to keep fundraising, right? Because they're just trying to figure out a justification to keep going back to donors to get more and more money out of them. That's what perpetuates the organization.” Chamath: “ Why wouldn't the Southern Poverty Law Center focus on southern poverty? Which is an issue that actually still exists in some shape or form. Why do you call it one thing, focus on racism, and then all of a sudden whip up fake racism?” Sacks: “I do think that at one time in this country, civil rights was a noble cause, a very legitimate cause. We had the legacy of segregation and Jim Crow, and there were groups that were set up to basically change that, and they succeeded. But again, no one in an NGO or a nonprofit ever declares victory. When Obama got elected in 2008, regardless of whether you liked Obama or not, or agreed with his politics, I thought that at that point, most people could see that this was not a racist country. Whatever else you could say, the fact that the highest office in the land was not denied to anybody showed that this country was not holding people back based on their skin color. And instead of just basically packing up shop and saying, ‘Okay, we've achieved our goal,’ the goalposts all got moved. Remember, that's when the whole anti-racism thing started, was around Obama's second term. If they just said at that time, ‘You know what, we're going to move the goalposts from equality of opportunity to equality of results. We're going to basically make everyone equal at the finish line,’ which is to say, identity socialism. People would've said, ‘Eh, no, we're not on board for that.’ So instead, they created this whole new terminology to justify it. And it's taken us years to unpack that and realize what's really going on.”

400 mbps on an airplane. Unbelievable.

We tried a new thing with NVIDIA to roll out Codex across a whole company and it was awesome to see it work. Let us know if you'd like to do it at your company!

Anthropic just pulled Claude Code from the Pro plan. Pro users wanting it need Max now. $100/month minimum. 5x jump. I'm on Max 20x so I'm fine. Flagging for anyone on Pro who's about to find out. No announcement. Just a pricing page edit.

We have been surpassed: AI written output exceeded human written output in 2025

On this day in 2008: production starts for Tesla’s first vehicle, the Roadster.

Master thread on the 2015-2022 closure of the Internet, the process by which every major Internet platform went from broadly open with a few basic guidelines to strict narrative enforcement, often with the collaboration of govts and outsourcing moderation power to NGOs.

The race for AI supremacy is the most important battle in modern history. Maybe ever. A woke AI would be catastrophic to the future of humanity. Fact.