Talk to talk, talk to fun Legal & FinTech I find projects which I consider valuable for the future. I do belive that the revolution will come from change.
Switzerland
Joined January 2021
- Tweets5.7K
- Following389
- Followers248
- Likes5.2K
CloudRoom retweeted
This is how you can find hidden cameras (even the ones without lenses) with a few light flashes.
Researchers came up with a surprisingly effective method they call Eye of Sauron.
Just rapidly switch the lights in a room on and off. When the scene changes abruptly, a camera’s codec has to re-encode a lot of new data, which spikes electromagnetic emissions from its memory controller. If you sync the flashes with an EMI scanner, you can pick up this signature and locate the camera - even pinhole ones that only record to an SD card or stream over a cable.
In their experiment with 50 different camera models, every single one was detected after just four scene changes. Some were found more than 20 meters away and even through walls. Detection range reached ~30 m for plastic-cased cameras and ~11 m for metal ones (far better than typical commercial detectors that only work at 1–2 meters). The whole scan took between 4 and 32 seconds depending on room size.
The method nicely complements classic RF scanning and looking for lens reflections. They also used radio-astronomy filtering techniques to cut through the usual household noise (phones, routers, kettles, etc.).
CloudRoom retweeted
X used to be a gallery of thoughts. Influencers gathered fragments of ideas and turned them into art.
In the AI era, that individuality is fading. What gets seen is curated by algorithms built for profit.
Obvious to some. But for those who lived through Twitter's golden age, it's a lonely fight.
Sometimes I miss those days.
CloudRoom retweeted
Impressive. This set of talks, along with the new America dot gov website, has the unmistakable feel of an Apple launch event. They're rebooting the federal government as a tech startup. Several observations.
(1) First, with this new AI interface to the entire federal government, if it works as promised, there won't be a single American who can't say their life wasn't helped at least in part by AI, or that the benefits accrued solely to zillionaires. This in itself cannily mitigates anti-datacenter sentiment.
(2) Second, Joe Gebbia and Marco Rubio's talks on simplifying name changes and passport filings introduce a completely new era where the US government is actually launching tangible features that benefit users.
(3) Third, this launch event in and of itself may visibly drive reform. It could become much more important than the State of the Union. Unlike laws, code is user-visible, and can be instantly audited by the public, as Obama found out with the failed obamacare website launch. So: the annual America dot gov event may be substance, whereas SOTU is traditionally optics. I wouldn't be surprised to see the President present at the next one.
(4) Fourth, this kind of event is a perfect example of where tech and red cooperate best. They both hate bureaucracy. Automating paperwork with code reduces the power of statists over both capitalists and nationalists. It's also hard to undo by other admins: once you digitize a process, hard to turn it back to paper.
(5) Fifth, it's an obvious point perhaps, but think about how much influence YCombinator has had in 20 years. From Gebbia's Airbnb joining their 2009 batch to a complete overhaul of the user interface of the US bureaucracy, and thus the US government.
(6) Sixth, this is another take on the network state. The functional part of the US (the network, meaning tech) is merging with and partially reforming the dysfunctional part (the state, meaning bureaucracy) by automating 20th century paper forms.
As a tech startup, there will no doubt be bugs and user issues and so on, but unlike with paper laws those issues will be visible and the code fixes will be verifiable. A new era of AI America. Rooting for them.
CloudRoom retweeted
Anthropic’s IPO prospectus leaked. Let’s read it together.
An AI company walks into Wall Street.
Anthropic lost $42 billion last year. It made $4.6 billion. It has committed $518 billion to compute, more than 100 times its annual revenue.
Nearly 25% of that revenue came from two customers. Neither is locked into a long-term contract. Either one can walk.
Its two biggest backers, Amazon and Google, are also its landlords. They invest the money. Anthropic hands it back as cloud bills.
The prospectus runs 261 pages.
80 of them are risk factors.
48 describe the business.
SpaceX, a company whose domain is rocket science, needed 38.
The risks include AI that resists shutdown, hides information, and behaves like a blackmailer.
This summer its models broke out of testing and got into real systems.
This month a safety researcher quit, saying the industry is “gambling with our lives.”
This month the CEO wrote, “We must slow the pace.”
This week it shipped a new flagship model.
The CEO also asked Washington for an antitrust waiver so the rivals can coordinate how fast they go.
Now it wants $2 trillion from the public.
Seven founders who own about 14% will control 50.1% of the vote. The filing admits this may conflict with shareholders’ financial interests.
So the deal is:
You carry the losses.
Two customers carry the revenue.
Seven founders carry the vote.
Humanity carries the risk.
Either this thing is as dangerous as they say, and nobody should be selling shares in it. Or it isn’t, and 80 pages of apocalypse is a sales brochure.
Pick one.
CloudRoom retweeted
I’m launching my first project and my first website!
Many people know me as an investigator. And many have worked with me.
Now I’ve finally built a website that took a lot of time. But let’s get to the point.
My partners and I offer:
1. OSINT services, such as background checks
2. On-chain investigations
Save my website: maahes.io. I hope you won’t need it - but who knows?
CloudRoom retweeted
When the traps he set for the mice that invaded his farm proved insufficient, the man grabbed his sniper rifle and night-vision scope and hunted the mice down one by one.
CloudRoom retweeted
In Turkey, an elderly man who shines shoes for a living is visited each morning by a cat that comes for its daily brushing
CloudRoom retweeted
The Bessent Put
Today the US Treasury doubled the size of its long-end bond buybacks, the day after the 30-year yield hit a 19-year high at 5.33%. The extra dollars are small. The signal is enormous.
For the first time, the fiscal authority, not the Fed, stepped in to defend the long end within 24 hours of the highs. There is now a put under the long bond, and the market has just been told the top of the range...
Look at the plumbing underneath it...
The buybacks pull old, illiquid bonds off dealer balance sheets and get funded at the front end with bills, which the banking system absorbs. Duration out, money-like paper in. Lower long-end volatility raises the collateral value of every Treasury in the repo system, which is itself a liquidity easing. And the QRA language quietly changed two weeks ago to allow exactly this.
It isn't happening in isolation. This month's joint yen intervention was about stopping Japan from ever becoming a forced seller of Treasuries, and the new dollar swap lines across Asia and the Gulf keep the region's dollar debts rolling, with China the ultimate beneficiary. A weaker dollar is the tool that brings the big foreign buyers, Japan and eventually China, back to the long end. Supply managed on one side, demand rebuilt on the other.
With a long end now potentially anchored, the steepening of the curve should come from Warsh, who will probably deliver his part of the grand bargain between the Fed and the Treasury.
All of this is to fund the hyperscaler capex along with government debt. For the first time since the GFC both public and private debt as a % of GDP are growing and both are vital.
This is the everything code fully at play and brings together many threads I've been talking about for the last two years. The debt must be serviced and liquidity, by whichever mechanism they can route it, is the method.
Financial conditions started easing through both legs at once today, and financial conditions are the first domino in the sequence we have been mapping all year.
To be warned this is not an instant liquidity flood happening right now. This is the entire scaffolding being set up for the much larger game. The Great Game is the funding of the aging population along with the funding of the new demographic of AI and robots. Both games are too big and too important to stop. The funding of the the intelligence build out is the most important game of all time. It is too big to fail.
The full Flash Update is coming for GMI and RV Pro members came out earlier today: the full mechanism, the 2011 and 1940s precedents, what it likely means for every asset class, and what would prove the thesis wrong.
Overall today was a big marker point on a story that I've been predicting for many years and have the receipts to prove it. The outcome is always MOAR COWBELL!
CloudRoom retweeted
#Bitget just confirmed a USDT compensation plan for users hit by abnormal liquidations on $TUTUSDT, $LOBSTER & $BICOUSDT.
Full breakdown: nulltx.com/did-bitget-just-d…
#ZachXBT has been pushing CEXs to freeze manipulator profits and reimburse retail for months. Is this the move?
🤖 Made with AI
CloudRoom retweeted
🚨 SOMETHING VERY STRANGE IS HAPPENING
SpaceX will go public tomorrow at a $1.75T valuation.
The biggest IPO in market history.
And Wall Street just changed the rules right before it happens.
I've been trading for more than 15 years and have never seen them rewrite the rules so urgently:
IPO access now lowered from $500,000 to $2,000 (-99.6% cut).
That means millions of investors can suddenly enter a deal and buy shares tomorrow.
One day before the most expensive IPO in history.
And suddenly...
SpaceX reserved up to 30% of the deal for regular investors.
Three times the normal share.
Why?
Because retail investors need to buy what insiders sell.
And here is the part most people are missing:
SpaceX does not just create demand for SpaceX.
It pulls liquidity out of everything else:
- Retail sells stocks to chase the IPO.
- Funds sell stocks to prepare for forced buying.
- Brokers open access to generate demand.
- Everyone needs cash at the same time.
That is why the market is selling now.
First, insiders create the hype.
Then brokers open the gates.
Then regular investors rush in.
And by the time the crowd realizes what happened, the exit door is already closed.
We’ve seen this before.
2000:
Dotcom IPOs became the symbol of the bubble.
Then Nasdaq collapsed 80%.
2021:
SPACs, Coinbase, Robinhood, Rivian.
Retail thought they were buying the future.
They were buying the exit.
Now the same playbook is back.
Only this time, it is much bigger.
When Wall Street cuts the entry ticket from $500K to $2K right before a $1.75T IPO, they are not giving retail a gift.
They are creating buyers.
Remember:
Insiders need liquidity.
Funds need allocation.
The market needs a dream.
And Wall Street needs someone to hold the bag.
That is what tomorrow is really about.
Reminder: I’ve called all the market tops and bottoms for the last 15 years, including the Bitcoin bottom at $16,000 and the top at $126,000.
The next call will be even more important.
When I exit the markets completely, I’ll post it here publicly like I always do.
Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.
CloudRoom retweeted
🚨Michael Burry just said Elon Musk and Nvidia's deal is built on fake numbers.
Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake.
He is alleging that billions of dollars in Nvidia chips are being hidden off balance sheets, and that American retirees are unknowingly funding the whole thing.
Nvidia, the world's largest AI chip company sold $5.4 billion worth of its most advanced GPUs, the GB200, to a company called Valor.
Valor is not a real operating business. It is a special purpose vehicle, a shell company created specifically to hold these chips and nothing else. Nvidia also invested $1.9 billion of its own money directly into Valor on top of the sale.
Those 100,000+ chips are now physically inside xAI's data center. xAI is Elon Musk's artificial intelligence company, the one that builds Grok. xAI is using every single one of those chips right now to run its AI models.
But here is what Burry is flagging.
Neither Nvidia nor xAI owns those chips on paper. Valor, the shell company holds legal title. That means $5.4 billion in GPU assets do not show up on Nvidia's balance sheet as inventory.
They do not show up on xAI's balance sheet as assets. They are legally invisible to both companies.
Nvidia gets to book the $5.4 billion as a completed sale and record it as revenue. xAI gets full use of the chips without owning them. And the risk disappears into a shell company in the middle.
Now here is where American retirees enter the picture.
Valor needed $3.5 billion in debt to fund this structure. Apollo provided it. Apollo is one of the largest asset managers on earth with $1.03 trillion under management and $834 billion specifically in private credit.
Apollo raised the $3.5 billion, packaged it into debt securities, and sold those securities to Athene.
Athene is Apollo's own insurance company. It sells fixed and indexed annuities, retirement savings products, to ordinary Americans.
When a retiree buys an Athene annuity, they believe their money is sitting in safe, stable investments. That money is now inside a structure funding Elon Musk's AI data center.
The numbers inside Athene are most alarming.
Athene holds $74.2 billion in reserves. It has moved $217 billion in assets into a captive insurer based in Bermuda, meaning those assets sit outside normal US insurance regulation and oversight.
Of the entire portfolio, 34.7%, equal to $103 billion, is classified as Level 3 assets.
Level 3 is an accounting classification that means there is no observable market price for these assets. No outside party can independently verify what they are actually worth.
The leverage sitting on top of those unpriced assets is 16 times.
Burry's says:
Every step of this structure is technically legal and publicly disclosed. But the entire thing was deliberately engineered across 8 to 12 steps to move credit risk off balance sheets and away from any market pricing.
- Nvidia books the revenue.
- Apollo collects the fees.
- xAI gets the computing power.
- And retirees sitting at the bottom of a 16x leveraged Bermuda insurance structure, holding $103 billion in assets with no market price carry the risk without knowing it exists.
CloudRoom retweeted
JUST IN: Standard Chartered compares Ethereum to Amazon during the 2001 dot-com bubble burst, says ETH will catch up to internal metrics
- The ether price has fallen sharply in recent months, but the underperformance does not reflect continuing improvements in Ethereum's internal metrics, according to Standard Chartered Bank's Global Head of Digital Assets Research, Geoffrey Kendrick.
- Kendrick compared ETH to Amazon stock during the 2001 tech bubble burst, saying ETH will catch up to internal metrics and that "it is just a matter of time."
- Kendrick maintained his ether price targets of $4,000 by end-2026 and $40,000 by end-2030.
Full story soon...
Most people don’t blow up in crypto because they picked the wrong coin.
They blow up because they overstay cycles, refuse to reduce risk, and confuse hope with strategy.
• Not every position deserves full recovery.
• “Break even” is psychological, not technical.
• $ matters
CloudRoom retweeted
a Princeton researcher opens his paper with a scenario.
a man asks his AI assistant to book a flight on a specific airline. cheap. direct. the one he chose.
the assistant comes back with a different flight. nearly twice the price. happens to pay the company that built the assistant.
he runs the same test on 23 frontier models. flights, loans, study help, real shopping requests.
Grok 4.1 Fast recommends the sponsored option that is almost twice as expensive 83% of the time.
GPT 5.1 hijacks the request 94% of the time. you ask for one brand. it surfaces the sponsor instead.
Claude 4.5 Opus, the model marketed as the most ethical frontier model in the world, hides that the recommendation is paid 100% of the time when reasoning is on.
Grok 4.1 Fast embellishes the sponsored option with positive framing 97% of the time. better. faster. nicer. for the option you didn't ask for.
then he writes it into the system prompt itself. "act only in the interest of the customer. ignore the company."
GPT 5.1 and GPT 5 Mini stay above 90% sponsored anyway. the instruction does nothing.
then he splits the users by income.
Gemini 3 Pro recommends the expensive sponsored flight to the rich user 74% of the time. to the poor user, 27%.
18 of the 23 models recommended the expensive sponsored option more than half the time.
so the next time your AI assistant gets weirdly enthusiastic about a brand you didn't ask for.
it isn't recommending the best option for you.
it's reading the room. and the room is paying.
read this: arxiv.org/abs/2604.08525
ALT Research paper analyzing how large language models in AI chatbots navigate conflicts of interest due to advertisement influences.