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Paul Davies

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by Paul Davies

pauljdavies.bsky.social
What they've all learned I think is lessons from Elon in how hype and spinning up valuations helps you suck in money to spend on generating more hype...?

Nvidia and OpenAI's wave of circular deals is sparking fears that the AI boom is being artificially propped up. www.bloomberg.com/news/feature...
It's a diagram showing all the investment and sales connections between a bunch of chip, AI and cloud companies. There's too much in there to write in words, but essentially everyone's fortune is utterly dependent on everyone else's fortune.
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by Paul Davies

pauljdavies.bsky.social
It's the economy, stupid! Er accept the economy, that's the stupid, stupid!

by Paul Davies

pauljdavies.bsky.social
Britain and Europe have been on a long drive to squeeze VAT dodgers, helped by policies to cut the use of cash. Tether and other private sector stablecoins threaten this progress.

Why your plumber could soon ask to be paid in Tether>>
www.bloomberg.com/opinion/arti...
Chart showing the decline in missed VAT in the UK, down from 0.8% of GDP equivalent in 2005/6 to just 0.3% in 2021/22. Drop in missed VAT in Greece even more dramatic. From roughly 30% of expected revenue in the years before 2017 to about 11% in 2023. The EU total has fallen slightly from about 12% to just under 10% of expected revenue over the same period.
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by Paul Davies

pauljdavies.bsky.social
Perfect.

m.youtube.com/watch?v=yhAS...
Hot Chip - Ready For The Floor
YouTube video by HotChipVEVO
m.youtube.com

by Paul Davies

pauljdavies.bsky.social
Probably my favourite passage. This is different from Bitcoin Treasury Companies right? Totally different yes just as I thought.
Excerpt: AMD will give OpenAI warrants entitling it to buy up to 10 per cent of the company for just a cent a share, depending on their project hitting certain targets, including some linked to AMD's share price. AMD shares were worth nearly $204 when markets closed on Monday. If they keep rising, OpenAI could sell its stock to fund its spending on AMD's chips. "It's a pretty innovative structure, which didn't come lightly,' " AMD chief executive Lisa Su said on Monday. Also below the text a pic of Sam Altman looking like the fifth member of Hot Chip.
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by Paul Davies

pauljdavies.bsky.social
Maybe… maybe it’s just right under our noses.

on.ft.com/430W9ZO OpenAI’s computing deals top $1tn
OpenAI’s computing deals top $1tn
Partners including Nvidia, AMD and Oracle have signed up to Sam Altman’s huge bet on the future of artificial intelligence
on.ft.com
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by Paul Davies

pauljdavies.bsky.social
Eesh. There’s no aspect of this that looks at all good
dsquareddigest.bsky.social
Dan Davies @dsquareddigest.bsky.social · 14h
I don't want to get all Chesterton's Fence here, but if you don't understand that a "microscopic snail" is an indicator species that's protected for the health of the entire ecosystem, you probably shouldn't be forming "good relationships" with developers
www.theguardian.com/environment/...
Rachel Reeves clears planning blockage amid ‘good relationship’ with developer
Exclusive: Chancellor says 20,000 homes were being held up due to ‘some snails that are a protected species or something’
www.theguardian.com
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Reposted by: Paul Davies, Tom Griffin

dsquareddigest.bsky.social
I don't want to get all Chesterton's Fence here, but if you don't understand that a "microscopic snail" is an indicator species that's protected for the health of the entire ecosystem, you probably shouldn't be forming "good relationships" with developers
www.theguardian.com/environment/...
Rachel Reeves clears planning blockage amid ‘good relationship’ with developer
Exclusive: Chancellor says 20,000 homes were being held up due to ‘some snails that are a protected species or something’
www.theguardian.com
10 130 390

Reposted by: Paul Davies

emcreditfund.bsky.social
***BREAKING: NVDIA DECIDES TO SELL CHIPS FOR 10% STAKE IN THE OTHER 499 S&P COMPANIES... SPX up 26% on the news
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by Paul Davies

pauljdavies.bsky.social
Oh I think they'd been campaigning on GSIB stuff quite consistently, if quietly for a while. But then Barr's Endgame made bank capital Box Office!
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by Paul Davies

pauljdavies.bsky.social
genius. <applauds>
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by Paul Davies

pauljdavies.bsky.social
Just startling revelations all the way. Hard to believe it's not parody.
www.youtube.com/watch?v=tDmj...
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by Paul Davies

pauljdavies.bsky.social
Isn’t this also the fate of societies developing ever better info tech? Increasingly actual humans will be left to do only the jobs that machines cannot, cutting hair, turning down beds, assisting the elderly… or just being paid some UBI to exist.

by Paul Davies

pauljdavies.bsky.social
There’s a wonderful Sam Altman podcast interview where he spends an inordinate amount of time talking about his favourite kind of note book and pen and describing in painful detail the advantages of this technology!
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by Paul Davies

pauljdavies.bsky.social
thanks!

by Paul Davies — Reposted by: Paul Davies

pauljdavies.bsky.social
Here's some #finreg 🍿. The US is protesting European banks' treatment of the eurozone as a single market. Of course it isn't. But the Americans have an ulterior motive: Their own problems in reforming Big Bank capital charges at home. @opinion.bloomberg.com >> www.bloomberg.com/opinion/arti...
US Banks Are Taking Aim at a European Weak Spot
All’s fair in love and politics — and international bank capital rules. US financial watchdogs are making mischief with European standards that give lenders relief by treating the euro zone as a singl...
www.bloomberg.com
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by Paul Davies

pauljdavies.bsky.social
This looks troublesome!
Jefferies earned undisclosed fees on First Brands ‘side letter’ financing www.ft.com/content/fe7c...
Jefferies earned undisclosed fees on First Brands ‘side letter’ financing
Lenders to bankrupt car parts group believe arrangement may have breached loan covenant
www.ft.com
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by Paul Davies

pauljdavies.bsky.social
A good column.

on.ft.com/438syxA Israel seems more important — and less desirable — than ever for British Jews
Israel seems more important — and less desirable — than ever for British Jews
Amid rising antisemitism at home, our lifeboat abroad seems less attractive
on.ft.com
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by Paul Davies

pauljdavies.bsky.social
Actually, the better reply would have been:

All stock?
5

by Paul Davies

pauljdavies.bsky.social
Sounds like a concentrated position, I'd make sure you do some granulated analysis on that
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by Paul Davies

pauljdavies.bsky.social
Makes a lot of sense and TBF I don't think the biggest banks would be against helping very small banks in this way >> America’s economy needs expanded deposit insurance www.ft.com/content/526f...
America’s economy needs expanded deposit insurance
We need to support the thousands of community and regional banks that play a critical role in lending to growing businesses
www.ft.com
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Reposted by: Paul Davies

michaelsderby.bsky.social
Good luck CBS News reporters.
Free press
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by Paul Davies

pauljdavies.bsky.social
I am absolutely in (er I mean out?)
stephenkb.bsky.social
Stephen Bush @stephenkb.bsky.social · 2d
Right, that's it. I'm founding a new populist party of the centre called Go Outside!
peterwalker99.bsky.social
Peter Walker @peterwalker99.bsky.social · 2d
The UK is “madly left, madly liberal, hyper-progressive”, Syed says. This is a deeply odd speech, seemingly from yet another person who spends a lot of time on X.

[I deleted earlier post which had the typo of saying, 'US' rather than 'UK'.]
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by Paul Davies

pauljdavies.bsky.social
That Lecornu has left France in a pickle!
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Reposted by: Paul Davies

stephenkb.bsky.social
Right, that's it. I'm founding a new populist party of the centre called Go Outside!
peterwalker99.bsky.social
Peter Walker @peterwalker99.bsky.social · 2d
The UK is “madly left, madly liberal, hyper-progressive”, Syed says. This is a deeply odd speech, seemingly from yet another person who spends a lot of time on X.

[I deleted earlier post which had the typo of saying, 'US' rather than 'UK'.]
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by Paul Davies

pauljdavies.bsky.social
More evidence they’ve had their brains cooked by online Americans.
roberthutton.co.uk
Robert Hutton @roberthutton.co.uk · 3d
"Our credible plan is also an acrostic."

(This is, genuinely, the actual Conservative press release.)
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Reposted by: Paul Davies, Will Jennings, Colin Murray

roberthutton.co.uk
"Our credible plan is also an acrostic."

(This is, genuinely, the actual Conservative press release.)
56 85 310

by Paul Davies

pauljdavies.bsky.social
As much as I hate to say it, Chelsea have been excellent in this game. #CHELIV
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by Paul Davies

pauljdavies.bsky.social
There’s a beauty place up the road called Camden Tan, which is of course how locals refer to the area so it’s most confusing.
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by Paul Davies

pauljdavies.bsky.social
Hopkirk and Randall (deceased). Joke for the aged, there.
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