We are seeing more videos of Iranian and Russian missiles go unopposed.

The destruction forced interception duties onto already-depleted Patriot systems, compounding a crisis that saw the US and GCC allies burn through 86% of their combined Patriot inventory within five weeks.

That's why the US isn't intervening against the Russians directly in Ukraine. Better to hide a proxy when the US military knows it does not have the military capabilities to fight an extended war.

Reddit dropped 9% after the Wall Street Journal reported it may not renew its $60 million deal letting Google train AI on its content. USA Today, Politico, Reuters, and The Economist are all reconsidering too. Google's AI Overviews answer questions directly above search results, so users never click through to the source. USA Today's traffic from Google fell nearly 50% in a year. Business Insider dropped 85%.

My Take
I think Google overplayed its hand and this is where it starts to cost them. Publishers tolerated AI training deals because Google sent them traffic in return. Now Google is using that training to replace the traffic, and publishers are figuring out that the deal only benefits one side. Google is also the same company being sued for using Google Books content to train Gemini, whose own internal documents estimated tens of billions in fines before they went ahead anyway. At some point you run out of people willing to hand you their content for free, and I think we're reaching that point.

Reddit's in a tough spot and I think they'll eventually walk. The $60 million from Google helped fuel a 69% revenue jump last quarter, but that money buys Google the right to train on content that then makes Reddit less discoverable in search. Every month the deal continues, Reddit is paying for its own decline in visibility. Reddit CEO Steve Huffman reports earnings July 30 and will probably have to address this. I'd bet the renewal either dies or comes back at a much higher price with restrictions on how the content gets used.

Hedgie

Then Netanyahu goes on to claim influence over the House and Senate: “We have the Senate, Congress, and a very strong Jéwish Lobby.” And continued: “We have strong influence over America.” So, as I pointed out in the quoted clip, when Netanyahu says “America is the New Rome” and later says he’s reading a book on “Jéws Against Rome,” I really have no idea why ANYONE would consider Isræl an “ally”!?

🦔A Nikkei investigation found that Alphabet, Microsoft, Amazon, Meta, and Oracle have $1.65 trillion in debt that doesn't appear on their balance sheets, more than the $1.35 trillion they officially report. These are GPU contracts, data center leases, and joint ventures that don't count as debt under accounting rules until the facilities go live. Meta's hidden debt is $420 billion, triple its reported debt. Oracle's grew 30-fold in four years. All five declined to comment.

My Take

Nikkei examined the actual filings and put a number on something the BIS already flagged as "shadow borrowing" back in March. These companies owe more off their balance sheets than on them, and the accounting rules let them keep it that way until the data centers go live. That's legal, but it means investors looking at quarterly earnings this week are seeing less than half the picture.

Four of these five report earnings in the next two weeks. The reported debt will look manageable. The $1.65 trillion in footnotes won't make the headlines. But when those data centers start operating, the leases hit the books all at once. If AI demand comes in below projections, those facilities get marked down and the losses land on the investors and insurance policyholders who funded the construction through private credit and project bonds without realizing how much total exposure they were carrying.

Hedgie🤗

Just introduce a Bill that mandates 1 hour of PTO for every 26 hours worked. it's that damn simple

Its finally here guys what we was scared about when USA build new drone base in Nigeria

Iranian drone attacks on CIA facilities in the Gulf prompted US intelligence analysts to investigate whether Russia assisted by providing targeting information or advanced drone technology, said four people familiar with US intelligence

(Grain of salt as usual on posts from the MSM, but this one is likely).