GemStateSurfer

Mini Ponto awhile back

For the first time in more than a decade, Walmart is no longer America's biggest company by revenue 📊 This visualization, created in partnership with @TerzoHQ, tracks the biggest U.S. companies by revenue from 2024 to 2026, highlighting Amazon's rise to the top of the rankings. visualcapitalist.com/sp/ter02-ranke… #ter02

AMD might have disrupted Nvidia's entire cloud GPU rental business. In January at CES, AMD CEO Lisa Su demonstrated a $1,499 mini PC running the same class of AI model that currently costs companies $2,500 to $3,000 every month to rent from Nvidia-powered cloud servers. AMD's own branded version opened pre-orders this month at $3,999. Third party manufacturers have been selling the same chip since 2025 starting at $1,499. Here is exactly why this is dangerous for Nvidia. Nvidia's $75 billion quarterly revenue is built almost entirely on one business model, companies rent access to Nvidia GPUs through cloud providers like AWS and Lambda Labs to run AI. They pay monthly. Nvidia gets paid every time someone runs an AI model in the cloud. That recurring rental income is what turned Nvidia into a $5 trillion company. The AMD box eliminates that monthly fee permanently. One AI consultant switched from $2,800 per month in Nvidia cloud rental costs to $8 per month in electricity. The hardware paid for itself in 11 days. Over 8 months he generated $47,000 running the same AI workloads that previously left him paying Nvidia's ecosystem $2,800 every single month. Multiply that across thousands of enterprise customers and the revenue erosion becomes structural. Every business that buys this box stops paying cloud rental fees forever. Lawyers, doctors, banks, accountants, and financial advisors, businesses with sensitive data that cannot legally go to a cloud server represent billions in annual cloud GPU fees that Nvidia is now at risk of losing permanently. The threat is also closing in from the top. Google signed deals worth tens of billions with Anthropic and Meta to replace Nvidia with its own chips. Amazon built its own AI chips across AWS. Apple trained its AI on Google's chips, not Nvidia's. Custom silicon has grown from 21% of the AI chip market in 2025 to 28% in 2026. Nvidia's rental model only worked because serious AI compute had no alternative.

$39,293,074,039,354.64 (+) #NationalDebt

Technology CapEx spending is exploding: The CapEx-to-Sales ratio of developed market tech firms is up to a record 11.5%. Over the last 2 years, this percentage has risen +4 points, far outpacing any other 2-year increase in history. To put this into perspective, the previous peaks seen in the 1990s and early 2000s were at 9.0% and 8.5%. By comparison, the developed market excluding tech CapEx-to-Sales ratio stands at just 7.0%, below its own long-term average. The AI buildout is also driving investment spending higher in other sectors, with utilities now leading at a CapEx-to-Sales ratio of ~23%, well above its long-term average of ~15%. The AI investment boom is reshaping capital allocation across the entire economy.

JUST IN: OpenAI burned over $3B last quarter

Tech now accounts for 60% of the Stock Market, the largest market concentration in history 🚨🚨

Something rare is on the verge of occurring in the US economy: The gap between the US unemployment rate and headline CPI has narrowed to just 0.1 percentage points, the smallest since 2022. This comes as inflation rose to 4.2% in May, the highest since April 2023, while the unemployment rate stood at 4.3% in March, April, and May. Historically, periods when this gap has approached zero have often been followed by Fed rate hikes. The most recent example includes 2021-2022, when inflation exceeded the unemployment rate for 22 months. This prompted the Fed to hike rates by 5.25 percentage points to 5.5% between March 2022 and July 2023, the highest since 2001. Inflation is back at the center of the Fed's attention.

Microsoft is moving Copilot Cowork to usage-based pricing and is considering a Microsoft-hosted version of DeepSeek as a cheaper option (@inafried / Axios) (Visit Techmeme dot com for the link and full context!)

🖕 you @GMB You disgusting #Islamic pedo protectors should be economically and culturally destroyed. Your employees should be fearful the public finds out where they work. You are in bed with these #Islamic degenerates and still trying to protect them 🤮🤮🤮🤮🤬🤬🤬🤬 GFY 🖕@GMB - hide your heads in shame

London police officer turned whistleblower reveals that police officials pressure and threaten investigators to drop rape gang cases of the suspects are Islamic.

@GBPolitcs Hospitals knew. Schools knew. Councils knew. Children pregnant, injured, infected — written down, sent back. Somebody decided that. Over and over. Here's the report.

🚨NEW: Rupert Lowe’s Independent Rape Gang Inquiry estimates that at least 250,000 white British girls have been groomed, raped, and abused by perpetrators who are predominantly Pakistani Muslims

Fuck u @Keir_Starmer & your evil @UKLabour party that licks the boots of the p*dophile #Islamist child r*pists all for political power. May all who knew about this and did nothing rot in hell for eternity And fuck the Pakistani p*do nation as well. Truly an inbred nation of degenerates. I pray brimstone & fire rain down on every one of these #Islamic dogs.

Words cannot describe the unspeakable acts I would commit to prevent this from happening in my purview. This is beyond law. It is primal. There is no justice that can be meted out by the laws of man to sate my sinister lust for vengeance here. I know I’m not alone.

Censorship always comes with a “protect the children” lie

@UnderArmour Out of the pan and into the fire Of all the places to choose to run a business, Baltimore🙄🤦‍♂️ #Headscratcher

@MayorofLondon is an enabler

The Second Amendment was written so when things like this happen and your government does nothing about it, you're still able to go shoot them all yourself. Including the people who enabled, ignored, and excused it.

Those who knew must go to prison for a long time