BREAKING: Palantir's Alex Karp says OpenAI will never IPO. His theory: nationalization is the only real exit. When asked what the S-1 risk factors look like, Karp's answer was simple: there is no S-1. The liability exposure from frontier AI is so large that no public market can absorb it. The only entity big enough to backstop it is a government. If Karp is right, OpenAI doesn't become the next Google. It becomes a utility. Or a weapon. The most valuable AI company in the world may have no clean path to public markets. Is nationalization actually the most likely outcome for frontier AI labs?

We know that the Pacific Northwest will need much more electricity than is available today. But how much more? seattletimes.com/seattle-new…

Its a common and effective talking point, but not true. Below is a comparison of the 2000 vs. 2026 federal budget. Tax cuts have totalled 2% of GDP (unrelated economic factors also reduced revenues). But spending has jumped 5.7% of GDP since 2000. Lots of blame to go around.

Chicharito: Erling Haaland still isn't the COMPLETE striker... and that's scary. Rio Ferdinand: "Do you think Haaland is already the complete striker?" Chicharito: "No. I actually think there's still another level he can reach. He's already one of the best in the world, but I don't think he's the finished product. His movement is outstanding, but imagine if he started adding double movements before making his final run. Defenders would have an even harder time reading him. When you're blessed with incredible pace and power, you don't always need to outthink defenders. But once you combine those physical gifts with even smarter movement, you become almost impossible to stop. That's why I think Haaland can still improve. He's already world class... but I genuinely believe he can become phenomenal."

Can I say something?

El Niño for Summer 2026… we hope this doesn’t come to fruition. That’s all I’m going to say in this update.