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"A Lot Of BS, Honestly": Apollo Head Says Everyone Is Measuring AI Wrong
"A Lot Of BS, Honestly": Apollo Head Says Everyone Is Measuring AI Wrong
The tokenomics debate got its sharpest contrarian voice this morning, and it came from inside the building.
John Zito Photographer: Jeenah Moon/Bloomberg
John Zito, co-president of Apollo Asset Management, sat for a fireside chat at the Morgan Stanley US Financials Conference on Wednesday, where he suggested to Bloomberg that measured per unit of intelligence delivered rather than per token, prices are collapsing - even as low-value usage drives the actual bills up.
"I think tokenmaxxing and token talk is - it's a lot...
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Sep 15, 2026 / Tyler Durden
Board Votes To Shut Down Kennedy Center
Board Votes To Shut Down Kennedy Center
Authored by Matthew Vadum via The Epoch Times (emphasis ours),
The board of the Kennedy Center voted Sept. 15 to close the arts facility “immediately” for safety reasons so rehabilitation work may be performed on the building, President Donald Trump said.
Workers outside The John F. Kennedy Memorial Center for the Performing Arts in Washingotn after they updated the signage in honor of President Donald Trump on Dec. 19, 2025. Jim Watson/AFP via Getty Images
Trump made the announcement on Truth Social hours after a federal...
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Sep 10, 2026 / Kyle Anzalone
Ansar Allah Captures Strategic Red Sea Port of Mokha
Yemen’s ruling Ansar Allah movement captured a key Red Sea port city. Ansar Allah, also known as the Houthis, has made gains since the war with Saudi Arabia reignited in July. On Thursday, Ansar Allah’s forces captured Mokha, a strategic port city about 50 miles from the Bab el-Mandeb Strait. The seizure expands Ansar Allah’s […]
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Oct 4, 2026 / Tyler Durden
The US Doesn't Have An Oil Problem - It Has A Refinery Problem
The US Doesn't Have An Oil Problem - It Has A Refinery Problem
One of the enduring weaknesses of the modern US economy is the lack of redundancy. As long as most of the world is operating normally and there are no serious geopolitical disruptions, America's "just in time" system works fine. But, throw a monkey-wrench into distribution, global exports, freight systems, shipping or elements of production and cracks quickly form in the armor.
This does not mean that the US economy can't adapt; the pandemic shutdowns were horrifically pointless but...
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