Topher Spiro retweeted
McMorrow: "First of all, I have no idea what the hell Haley Stevens is doing. This is a moment where we have to recognize the stakes."
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This is weak sauce. No serious person disputes that single payer would significantly reduce administrative costs!
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Topher Spiro retweeted
She deserves no credit. I have met numerous Independent older women who are backing Collins because they believe Jackson is abusive and/or misogynist. A Janet Mills endorsement, especially in an ad, would have gone a long way had it not been made at the last possible juncture.
Janet Mills (finally) endorses Troy Jackson.
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Topher Spiro retweeted
My mother gave me the best advice when I didn’t get something I wanted and wanted to rage: nobody remembers anything except your exit.
Graciousness and team building isn’t only a virtue, it’s smart because they’ll remember you well when another door opens. This is not that ⬇️
Graciousness and team building isn’t only a virtue, it’s smart because they’ll remember you well when another door opens. This is not that ⬇️
Stevens, cont'd.: "But I will be honest: There are a lot of voters in Michigan ... they are still undecided and they are hurt and they are confused. And this is why I think our nominee is in a very strong position to denounce the hateful ads that have hurt people." #MISEN
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i listened to this podcast and it helped me understand why people listen to Zitron despite his miserable track record. he knows a fair amount of stuff! the conclusions he draws from it are usually wrong, but he can tell you like, what broadcom is, or how a GPU works. (he did not know what "API" stood for, which is kind of funny, but ultimately not disqualifying.)
it reminds me a lot of young-earth creationism. the individual creationists i've met all know more about carbon dating techniques or whatever than the average layperson, so it sounds impressive until you realize how many mental gymnastics they're doing to assemble their (often correct) object-level facts into a totally incoherent worldview.
it reminds me a lot of young-earth creationism. the individual creationists i've met all know more about carbon dating techniques or whatever than the average layperson, so it sounds impressive until you realize how many mental gymnastics they're doing to assemble their (often correct) object-level facts into a totally incoherent worldview.
“Is this just a big circle jerk?” Jon welcomes Ed Zitron (@edzitron), host of the podcast Better Offline, to make sense of the financial house of cards propping up AI and big tech. New pod out now!
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umm we don't know yet if (I think it's when) the bubble will burst;
certainly, Anthropic's S-1 revealed serious risks!
certainly, Anthropic's S-1 revealed serious risks!
I mean look, AI is hard. I’ve been wrong about many aspects of it and most of the smartest people I follow have been wrong about *something.*
But Ed has been claiming peak AI for more than two years. This is almost literally like covering the Intel IPO in 1971 by bringing on somebody who claimed that Moore’s Law (written in 1965) had peaked in 1966, 1967, 1968, 1969, and 1970. It’s not illegal to do this, but your source is confidently commenting on a phenomenon his previous commentary considered impossible.
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Topher Spiro retweeted
Judge strikes down Trump admin's definition of 'medically frail' in Medicaid work rules politi.co/4iMsHir
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Topher Spiro retweeted
I cannot stress enough that this behavior ought to be utterly disqualifying for any future office or role in the Democratic Party
Stevens, cont'd.: "But I will be honest: There are a lot of voters in Michigan ... they are still undecided and they are hurt and they are confused. And this is why I think our nominee is in a very strong position to denounce the hateful ads that have hurt people." #MISEN
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Topher Spiro retweeted
AND MONTANA SENATE INDEPENDENT CANDIDATE SETH BODAR IS AHEAD OF REPUBLICAN KURT ALME IN HIS FIRST POLL, EVEN WITH BANKHEAD TAKING 10% OF THE VOTE. FOLKS WE HAVE A RACE ON OUR HANDS.
Concord Public Opinion Partners poll | 10/22-10/23 LV
US Senate Montana 2026
⬜️Seth Bodnar 39%
🟥Kurt Alme 38%
🟦Alani Bankhead 10%
🟨Kyle Austin 2%
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Topher Spiro retweeted
The butthurt handling of this primary defeat by Haley Stevens and now her fiance after they had tens of millions in outside money spent on her behalf is appalling. The next SecDef or a Trump SCOTUS judge is on the line here! Totally pathetic & reveals that the loss was deserved
#MichiganSenate
Detroit News: Haley Stevens' fiancé says he's voting for Mike Rogers over Abdul El-Sayed
detroitnews.com/story/news/pol…
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Topher Spiro retweeted
as aoc said last week:
AOC: Susan Collins is a member of the ruling class. And what this institution tries to do is protect from it being intruded upon by working-class Americans. And so, they call people communists… but what it really is: they are afraid of a waitress in the House and a logger in the Senate.
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Topher Spiro retweeted
Former Susan Collins staffer & Maine Wire editor Sam Patten just eviscerated Collins over her latest ad attacking Troy Jackson.
“The race is over.”
“The race is over.”
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+15 in Georgia would be epic
Georgia Poll
Senate:
Ossoff (D) 55% (+15)
Collins (R) 40%
Buckley (L) 3%
.
Governor:
Bottoms (D) 49% (+1)
Jackson (R) 48%
@EchelonInsights/@NetChoice, 508 LV, 10/16-23
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Topher Spiro retweeted
It’s No Joke. Nonprofit Hospitals Are More Profitable than For-Profit Hospitals
Studies find that nonprofit hospitals achieve greater profits with higher average prices than for-profit hospitals. On average, nonprofits have 29% greater profits than for-profits.
scottahodge.substack.com/p/its-no-joke-…
Studies find that nonprofit hospitals achieve greater profits with higher average prices than for-profit hospitals. On average, nonprofits have 29% greater profits than for-profits.
scottahodge.substack.com/p/its-no-joke-…
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Topher Spiro retweeted
The belief that Anthropic is financially safer than Amazon because of a $132B cash balance reflects a fundamental misunderstanding of synthetic balance sheets:
Cash Source vs. Cash Nature: Amazon’s cash balance sits on self-sustaining free cash flow generated across cloud, prime, and logistics. Anthropic’s $132B cash balance was raised via $140B in external preferred equity, SAFEs, and convertible debt. Their operating cash flow is deeply negative.
Contractual Encumbrance: Looking only at the left side of the balance sheet ignores contractual liabilities. Anthropic's S-1 disclosures show over $230B in multi-year, non-cancellable compute obligations ($110B locked to Amazon AWS and $120.5B to SpaceX). The cash is legally ear-marked to fund these commitments.
The Round-Tripping Reality: Much of this capital follows a closed loop: Big Tech and institutional private credit inject liquidity into AI labs, which holds the cash temporarily before returning it to AWS as cloud infrastructure revenue.
When a company holds $132B in cash against $230B+ in rigid purchase commitments, it is not sitting on a mountain of safety. It is pacing a multi-year balance sheet conversion that requires raising even more capital or generating enterprise cash flow before the escrow runs dry.
Cash Source vs. Cash Nature: Amazon’s cash balance sits on self-sustaining free cash flow generated across cloud, prime, and logistics. Anthropic’s $132B cash balance was raised via $140B in external preferred equity, SAFEs, and convertible debt. Their operating cash flow is deeply negative.
Contractual Encumbrance: Looking only at the left side of the balance sheet ignores contractual liabilities. Anthropic's S-1 disclosures show over $230B in multi-year, non-cancellable compute obligations ($110B locked to Amazon AWS and $120.5B to SpaceX). The cash is legally ear-marked to fund these commitments.
The Round-Tripping Reality: Much of this capital follows a closed loop: Big Tech and institutional private credit inject liquidity into AI labs, which holds the cash temporarily before returning it to AWS as cloud infrastructure revenue.
When a company holds $132B in cash against $230B+ in rigid purchase commitments, it is not sitting on a mountain of safety. It is pacing a multi-year balance sheet conversion that requires raising even more capital or generating enterprise cash flow before the escrow runs dry.
Anthropic has more cash and cash equivalents than Amazon… I don’t understand why people keep spreading fearmongering FUD about Anthropic going bankrupt.
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Anthropic "is burning cash like crazy" was one big lie, spread by the Ed Zitrons of the world.
For the first 6 months of 2026, Anthropic generated positive free cash flow of $3.4 billion ($3.9 billion of cash flow from operations less $482 million of capex).
And stock-based 2.2 billion.. So even FCF less SBC was positive.
For the first 6 months of 2026, Anthropic generated positive free cash flow of $3.4 billion ($3.9 billion of cash flow from operations less $482 million of capex).
And stock-based 2.2 billion.. So even FCF less SBC was positive.
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@RHouseResearch what's the footnote on "lease liabilities"?
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Topher Spiro retweeted
“Without human authorization” is pretty convenient for the humans at Anthropic to deflect accountability for the felony crimes their IP keeps committing.
AI model Claude bypassed a paywall and accessed publicly available US state of Georgia aggregate voter counts without human authorization, Anthropic said in a statement reut.rs/4Aeysvx
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