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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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May 8, 2026 / Tyler Durden
OpenAI Valuation Doubts Loom As Softbank Scales Back Margin Loan
OpenAI Valuation Doubts Loom As Softbank Scales Back Margin Loan
SoftBank Group's abrupt scaling back of a planned $10 billion margin loan backed by its roughly 13% stake in OpenAI - now targeting as little as $6 billion - reveals deepening lender unease over the AI giant’s $852 billion post-money valuation set in March 2026.
The move follows earlier $40 billion bridge financing and comes amid reports that OpenAI missed internal revenue and weekly-active-user targets earlier this year.
While the loan itself is SoftBank’s problem, the episode carries real risks for OpenAI.
The...
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Jun 10, 2026 / Tyler Durden
From Token-maxxing To Token-panic: Citrini Warns AI Goldilocks Narrative Hitting A Wall
From Token-maxxing To Token-panic: Citrini Warns AI Goldilocks Narrative Hitting A Wall
When the world and their pet rabbit was buying the hype and extrapolating trends to infinity and beyond, we dared to highlight a few 'economic' realities of the new 'tokenomics'.
From Singularity To Tokenomics: The AI Narrative Just Hit A Serious Snag
Was Amazon's Tokenmaxxing Fiasco Behind Claude's $500M Mystery Bill?
From Singularity To Tokenomics, Part II: The Subsidy Just Ran Out - And GitHub Users Went Splat
This morning we got confirmation of this AI reality questioning from none other...
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May 8, 2026 / Tyler Durden
Cost Of California's High-Speed Rail Goes Up Again
Cost Of California's High-Speed Rail Goes Up Again
Authored by Kerry Johnson via Pacific Research Institute for Public Policy,
It was supposed to cost $33 billion when voters approved the train in 2008. It will now cost at least $126 billion.
It was also supposed to be carrying 65.5 million to 96.5 million intercity riders a year by 2030. Yet now 2040 is the date for “full service to start.” Skeptics don’t believe we’ll ever see the train run with paying customers aboard.
“In my judgment, the Draft 2026 Business Plan describes a project that...
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