john galt perez

OpenAI just created a $10 billion company whose ONLY job is forcing businesses to use AI. And they're literally guaranteeing investors a 17.5% annual return to make it happen. It's called "The Deployment Company." OpenAI finalized it yesterday with 19 investors including TPG, SoftBank, Bain Capital, Brookfield, and Advent International. Here's the structure: OpenAI puts in $1.5 billion. The private equity firms put in $4 billion. In exchange, those PE firms open up their 2,000+ portfolio companies as a CAPTIVE customer base for OpenAI's products. OpenAI then embeds teams of engineers directly inside those companies, Palantir-style, to integrate their tools into daily operations. And here's the big red flag in all of this: OpenAI is GUARANTEEING those PE firms a 17.5% annual return over five years. That means even if the companies in the portfolio don't want AI, don't need AI, or get zero value from AI, OpenAI is still on the hook to pay those returns. Think about what that means for a second. OpenAI is so desperate for enterprise adoption that they're paying Wall Street to force their product into thousands of businesses. They've essentially turned private equity firms into a distribution cartel with a guaranteed commission. This has NEVER been done before in enterprise software. No software company in history has guaranteed above-market returns to financial sponsors just to get their product installed. And it gets crazier: Within MINUTES of OpenAI's announcement, Anthropic announced their own version. A $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman & Friedman. Same playbook. Two companies worth a combined $1+ TRILLION in private valuation both concluded on the same day that organic demand for their products is not growing fast enough. If enterprises were lining up to buy AI on their own, you wouldn't need to bribe private equity firms with guaranteed returns to shove it into their portfolios. You would just sell it normally like every other software company in history. But they can't. Because the gap between what AI companies PROMISE and what enterprises actually experience is still enormous. OpenAI's COO Brad Lightcap just moved into a new role specifically to lead this push. They've also signed "Frontier Alliances" with major consulting firms to embed AI through professional services channels. Every move they're making screams the same thing: We have a demand problem. And this is all happening right before OpenAI tries to IPO at $850 billion. If they can show Wall Street that 2,000+ companies are "using OpenAI products" through this PE distribution channel, it inflates their enterprise metrics right before the roadshow. Doesn't matter if those companies actually need it or if it creates real value. What matters is the number on the S-1. This is the AI playbook entering its most dangerous phase. The tech is real but the business model is being held together by financial engineering, guaranteed returns, and captive distribution deals that look more like a pharmaceutical company paying doctors to prescribe their drug than a software company earning customers on merit. And both OpenAI and Anthropic admitted it on the same day.

The futures are bid pre-market on news of another peace deal. The goal of the deal is to re-open the Strait of Hormuz which was open two months ago. The fundamental question on the table is why did an oil crisis catalyze THE AI top? S&P momentum stocks closed 4 standard deviations overbought yesterday. Today will build on that. The reversal will be violent.

Les tienen que avisar cuando está en Argentina

🇺🇸🇮🇷 Lindsey Graham: "We've got millions of boots on the ground in Iran, they just don't have weapons. Give them the weapons. A 2nd Amendment solution." For some Republicans, the 2nd Amendment is the solution to every problem… even problems that are 6,000 miles away 😂

🇺🇸The Rock turned up to the Met Gala in a skirt because “the most masculine men wear skirts” in Polynesian culture. I wouldn't argue with him

🟢 We are returning to a more positive market sentiment as BTC attempts to establish itself above $80,000. — 💡This index, which incorporates the Fear & Greed Index among other components, does not function in the same way. Its scale ranges from +100 to -100, moving from extreme greed to fear. — Today, we are slightly entering the greed zone, which is generally a positive sign, as investors who feel more confident tend to be more stable and more inclined to hold. ⚠️ However, caution is still warranted. In January, we had also entered the greed zone in similar proportions before sentiment shifted again and BTC resumed its correction. It is important to understand that we are approaching a potential pivot point in the market, and investor behavior should be monitored closely.

🇺🇸🇮🇱🇮🇷 Cenk Uygur says JD Vance intentionally sabotaged peace talks with Iran and immediately called Netanyahu to report mission accomplished. Cenk says Vance is secretly collecting millions from Zionist donors.

Why 8.4 Billion Barrels Isn't Enough 🛢️📉 Last week JPMorgan dropped a brilliant note perfectly explaining how oil inventories actually work. If we have 8.4B barrels in storage and use ~100M a day, then even if there is 14-15M barrels of supply a day missing, why are we dangerously close to critical levels? Here is the breakdown of why the market is flashing red 👇 The "Usable" Barrel Math 🧮 The world started 2026 with a healthy 8.4 billion barrels in storage (6.6B onshore, 1.8B afloat). Sounds like a massive cushion, right? JPM estimates that only 0.8 billion barrels are realistically available without pushing the global system into operational stress. And as of late April, we’ve already burned through ~280 million of them. The Blood Pressure Analogy 🩸 JPM uses a perfect analogy: oil inventories are like human blood pressure. The issue isn't about running out of blood entirely; it’s about circulation You can't drain every tank. A massive chunk of oil is locked up in: Pipeline fill (needed to maintain pressure) Minimum tank bottoms If working stocks fall too low, pipelines lose pressure, terminals can't load, and the system seizes up. Peeling the Inventory Onion 🧅 JPM notes that inventory draws happen in layers based on speed, cost, and logistics: 🚢 Layer 1: Floating Stocks Cargoes on water. Easy to redirect. (Drawing at 2.7 mb/d, but slowing as the last Hormuz cargoes arrive). 🏭 Layer 2: Commercial Onshore Hubs like Cushing & ARA. (Drawing at ~2.2 mb/d). 🏛️ Layer 3: Strategic Petroleum Reserves (SPR) Government emergency barrels. (Drawing at ~2.5 mb/d across the US, Japan, Korea). The Pivot: Demand Destruction 🛑 You rarely touch the core of the onion (the operational minimums). Instead, the market is forced to pivot from a "managed" adjustment (draining tanks) to a "forced" adjustment (killing demand via sky-high prices). Demand is already being rationed: 📉 March: -2.8 mb/d 📉 April: -4.3 mb/d 📉 May (Expected): -5.5 mb/d The Timeline to Stress ⏱️⚠️ Because we cannot safely tap the bottom of the tanks, demand destruction has to scale up to protect the system's operational floors. Despite the aggressive demand destruction (-5.5 mb/d), JPM's balance suggests OECD commercial inventories will hit operational stress levels by early June Don't be fooled by the headline "8 billion barrels" number. The easily accessible buffers are evaporating fast. If the Strait of Hormuz remains closed, we could hit absolute operational floors by September