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Ferrari has just officially unveiled its first ever all-electric car, called the Ferrari Luce. • Starting price: $640,000 • Interior co-designed with Apple's former head of design, Jony Ive • Range: 280 miles (expected EPA) • Peak charging speed: 350kW • 122 kWh battery • 1,050 horsepower • 0-60mph: 2.4s • 800v • Four-door four-seater • Four electric motors • OLED screens • Weight: 4,982 lbs • Front motors spin to 30,000 rpm, rears hit 25,500 rpm • Car uses an accelerometer to capture real vibrations from the electric motors & rear chassis. An algorithm filters out unpleasant frequencies and amplifies only the more “musical” sounds. This can be heard inside and outside the car. • Paddle shifter on steering wheel changes how aggressively torque is delivered, with five different levels • The trunk has 21.1 cubic feet of space, the largest luggage capacity the company has ever offered • 197.6 inches long, about as long as a Tesla Model S U.S. deliveries start in Q2 2027. More photos in the thread below:

Freedom isn't free.

“Enough said.” 😤 This footage of LeBron James and Kobe Bryant ahead of the 2008 Olympics is incredible. They went on to bring home the gold medal 🥇 📺 The Redeem Team on Netflix

This is the team that won 72 games in the ‘90s🤔 They look like a bunch of G-League rejects

VICTOR WEMBANYAMA FROM HALF COURT NO WAY. 🔥🔥🔥🔥

Never forget: Kevin Durant chose Houston over San Antonio because he believed the Rockets offered a better pathway to a championship… The Rockets were bounced in 6 games in the 1st round, while the Spurs are now 2 wins away from reaching the Finals. 😳

Playoff Points as a Knick: 649 — OG Anunoby 589 — Carmelo Anthony

Bron gets the crown for longevity. He’s played long, at a high level. But at no peak of his career, could he match MJ’s peak!! MJ’s peak and Bron’s peak aren’t even comparable

“Mandatory investment” means they’ve already moved your money out of your control. Larry Fink is telling you the plan out loud: trillions for AI data centers and power grids, and it’s coming from your savings and pension accounts. He calls it “investment.” I would call it “involuntary conversion of assets.” 1. You don’t hold the asset, you hold a claim. Most people’s 401ks, pensions, and brokerage accounts aren’t held in their name. They’re held in street name at DTCC/Cede & Co. That means you’re a beneficial owner with a contract claim, not the legal owner of the stock or bond. Fink isn’t asking you to buy data centers directly. He’s reallocating the securities already pledged inside that system. 2. The collateral is being repurposed. The Great Taking shows how securities held in custody have been rehypothecated and pledged up the chain to support derivatives, repo, and central bank operations. Now that same collateral pool is being redirected into “strategic infrastructure” - AI, energy, digital grids. It’s the same plumbing, new destination. The secured creditors at the top still have first claim if there’s a crisis. 3. “Mandatory” means the choice is being removed. I have spent 30 years documenting how the system shifts from free markets to a controlled ledger. When investment becomes mandatory, it’s not markets allocating capital. It’s policy using your pension as the funding mechanism. The risk and the loss stay with you; the upside and control go to the entities building and operating the grid. 4. This is why control of the ledger matters more than the assets. Once everything runs through a centralized digital ledger and clearing system, the ability to move, freeze, or reallocate funds without your direct consent becomes trivial. AI infrastructure needs guaranteed, long-term capital. Your pension is perfect for that - if you can’t say no.

“You don’t get rich by diversifying into 50 mediocre assets. You get rich by finding 2 or 3 asymmetric home runs.” — Stanley Druckenmiller.

🚨 THE FIRST COMPANIES TO ACTUALLY USE AI AT SCALE ARE NOT ABLE TO AFFORD IT. Big Tech created a manufactured demand bubble by giving billions to AI startups under strict contracts that force them to hand that exact cash right back to buy cloud servers. Because this money simply travels in a circle, these startups never had to face the real, staggering expense of running giant AI models. This round trip loop created a protected environment where companies could burn through infinite data because they were essentially playing with house money. But the exact moment this technology leaves the safe loop and hits a normal company with a hard budget constraint, the unit economics break completely. Real enterprise customers do not get their cash recycled back to their own balance sheets. Every token bill is a final cash outflow. This is why Uber gave AI coding tools to 5,000 engineers and exhausted its entire annual AI budget by April, with power users burning up to $2,000 a month each. The invoices are so high that even Microsoft just ordered 100,000 of its own engineers to stop using Claude Code by June because the uncapped token billing became completely untenable. Microsoft has a multi-billion dollar partnership with Anthropic, yet had to cancel internal usage because the tool costs too much to run. Nvidia's VP of applied deep learning admitted that the cost of compute for his team is now far higher than the actual salaries of his human workers. Wall Street thinks that falling chip prices will automatically fix this, but the math behind agentic AI makes that assumption impossible. Gartner confirms that even if per-token prices drop 90% by 2030, total corporate bills will keep rising because active AI agents run continuously and resend massive conversation histories, multiplying token consumption up to 30 times per task. The circular loop successfully fabricated a massive growth story to pump up a $2 trillion cloud backlog, but it hid a product that is structurally too expensive for the real economy to actually deploy. The massive gap between optimistic earnings call statements and the actual invoices landing on corporate desks is the most mispriced risk in global finance today.