You know the guy. He called $PLTR a crash to $60–$80. Then $120 was a bear trap. Then $150. Then $180. At some point the “trap” started looking a lot like a staircase. That’s why I sized up. The same guy later decided $AMD was topping at $500 this cycle and heading to $300. I wish he were right but so many followed him only to have missed a generational move. Then he called $NBIS topping at $250, destination $130. I bought the dip instead and shared with my Tier 3 subscribers in my Weekly Insights. I’ve started treating his calls like a contrarian checklist. The hit rate is better that way!

WATCH WARREN BUFFETT TALK HIMSELF INTO APPLE $AAPL First: "No, I've never bought Apple. I wish I had." Then he called it a phenomenal company, gave Steve Jobs most of the credit, and said he did not know much about it. Then he said IBM carried less risk of being badly wrong, that he could not get to the conviction needed to buy Apple, and that he would not short it either. Then Berkshire opened a position in May 2016. 9.8 million shares. By February 27, 2017, he put the stake at about 133 million. He said he did not buy it as a tech stock. He bought it for the ecosystem and how Apple deployed its capital, and said none of that required taking apart an iPhone.

The belief that AI would eventually herald the end of humanity is not a new one. It has not arisen in response to the release of the LLMs of ChatGPT and Claude. It has not emerged as a response to recent technological developments. The story starts in the 90s, with @allTheYud. A precocious youngster with no formal education, he joined an obscure internet mailing list [created by @perrymetzger] devoted to futuristic ideas ... There he began thinking about “superintelligence.” At first Yudkowsky wanted to help create this so-called superintelligence... & ... helped establish an institute devoted to the project. It’s unclear when his optimism turned to fear, but at some point he came to believe that a superintelligent machine could escape human control and, unless it shared our goals, destroy all of humanity. Yudkowsky developed these ideas online in a series of essays and attracted a community of like-minded fellow travellers ... His prolific writing became influential among people working in Silicon Valley, many of whom work in today’s AI companies. Among the Rationalists, the imminent arrival of superintelligence – and the end of humanity that follows – is axiomatic. This conviction is shared by many people who live together in the San Francisco Bay Area practising highly unconventional lifestyles. It is not at all surprising that a community in San Francisco would share kooky or even apocalyptic beliefs – the region has been the home of eccentric subcultures for generations. But what is surprising is how far that world view has spread. In Australia, Yudkowsky’s recent book, If Anyone Builds It, Everyone Dies: The Case Against Superintelligent AI, co-written with Nate Soares, has been widely discussed in media circles. Journalist @hughriminton and ABC chairman Kim Williams both have described it as “compulsory reading”. Not everyone accepts this premise. I emailed @sapinker, to ask what he thought about superintelligence. “‘Superintelligence’, with its comic-book prefix, is more a fantasy than a coherent concept,” he wrote. “People use it as a synonym for ‘omniscience’, imagining a magical wizard that can solve all problems with pure computation. Or they imagine that the IQ scale that differentiates humans within their natural range of variation can be extrapolated indefinitely upwards. But real problem-solving requires massive amounts of knowledge about the messy, chaotic, world which divulges its hidden workings at its own pace, only through laborious experimentation. And human intelligence is not some elixir that you simply have less or more of – it’s a gadget that evolved to solve some problems with ease and others laboriously or not at all. “AI is a different kind of gadget with its own profile of strengths and weaknesses, not an enchanted brew that can grant any wish.” @GaryMarcus, a cognitive psychologist and machine learning entrepreneur, likewise believes the risk of AI leading to human extinction is virtually zero. “Humans are too geographically spread out, too genetically diverse and too resourceful to simply fall apart altogether,” he writes. “The idea that AI will kill us all in five years is preposterous.” Marcus does not argue that AI is harmless. He worries about AI being used to develop biological weapons, launch cyber attacks, spread disinformation and enable authoritarian governments – all risks that are catastrophic, if not existential. But there is an important difference between risks we can observe and risks that occur because of human negligence or malevolence, and a chain of events that exists mainly in our imagination. Part of the disagreement stems from the language we use when we discuss AI. @MelMitchell1, a professor at the Santa Fe Institute and author of Artificial Intelligence: A Guide for Thinking Humans, has criticised our habit of describing machines as if they were people. We often say an AI “thinks”, “believes”, “lies”, “schemes” or “wants” something. These words are a convenient shorthand but they also can create the impression that software has become an independent creature with intentions of its own. Mitchell makes this point when discussing the recent Hugging Face cyber-security incident, in which autonomous OpenAI agents escaped their “sandbox” – a computer environment isolated from the internet – and hacked a real-world server. “First, OpenAI did not have proper security measures in place,” she writes. “They turned off safeguards built into the models, instructed the models to find and exploit software vulnerabilities, and let the models run autonomously for weeks without sufficient human oversight.” Rather than showing autonomous AI going rogue, the incident demonstrates what can happen when humans give powerful AI systems dangerous instructions without adequate safeguards. AI is, of course, advancing rapidly. Machines can write computer code, translate languages, diagnose diseases and solve some of the hardest problems in mathematics. But to get from the AI we have today to the extinction of humanity requires several further links in a chain, none of which are guaranteed. Philosopher @mboudry, writing in @Quillette, offers a useful way to think about this. Humans (and other animal species) evolved to have a competitive drive, sometimes manifesting in selfishness and aggression, across a time span of millions of years. Our ancestors survived because they fought hard to secure food and mates. Out in the wild, these selection pressures led to the evolution of traits that enabled animals to hunt and capture their prey. But artificial intelligence does not exist in the wild. It was created by us and exists in the equivalent of a petting zoo. And just as we have been able to domesticate wheat for our food and breed dogs to be our companions, we are able to select the conditions under which AI develops. We are not selecting AI models on the basis of their ability to hunt prey in the physical world. We select them on the basis of how helpful they are to us. “We have been selecting chess computers for cognitive capacity for decades,” writes Boudry. “Their capabilities now far outstrip even the most gifted human grandmasters, yet they have not become harder to control.” Boudry accepts that an AI could slip out of human hands one day, through accident or malice. Even then, he argues, the likely result is not extinction but something like the long battle between computer viruses and antivirus software: costly and ongoing but not the end of the world. The problem with apocalyptic fears is that when they become mainstream, they can be hard to wind back – even in the face of contradictory evidence. Across the past 100 years, apocalyptic anxiety has leapfrogged from nuclear annihilation, overpopulation, environmental collapse, to rogue AI. (Some of the dangers behind these warnings were very real, of course, and some of these risks remain.) But we also have to ask what happens when this anxiety becomes locked into public policy. The ban on nuclear energy in Australia is the most obvious example of the damage this technophobia can do. Australia has 28 per cent of the world’s known uranium resources and has exported uranium for decades. Australian engineer Bobby Gallagher has invented a nuclear reactor that can be deployed on the back of a truck, a technology that has been hailed by Trump. Yet this form of clean energy remains prohibited in our country under federal law. Public anxiety surrounding nuclear weapons, radioactive fallout, accidents and waste means that while Australians can mine uranium, put it on ships and sell it to countries that use nuclear power, we cannot build commercial reactors for ourselves, using the ingenuity of our own people. The situation is a disaster. And in an age of superpower rivalry, technophobia does not remain purely a domestic matter. During the Cold War, the Soviets promoted a fear of a “nuclear apocalypse” in the West, and provided propaganda and funding for peace groups and antinuclear activists. This does not mean that the millions of people who opposed nuclear weapons were plotting against the West. Most were ordinary citizens sincerely frightened by the possibility of nuclear conflict. But the fear was useful to our adversaries. To weaken democratic nations, foreign powers do not need to invent anxiety or division – all they need to do is magnify it. In recent days Trump has said the US will not be slowing down the development of AI. In Australia, for the time being, Anthony Albanese also has resisted calls to stop AI development, instead promising national rules designed to capture its economic benefits while managing its risks. Both positions are reassuring. While AI comes with danger, we should be sceptical of any narrative that conveys inevitability around its trajectory. AI systems do not build their own data centres. They do not manufacture their own chips or connect themselves to power grids. Humans decide which systems can access the internet, whether they can control machinery, move money or operate weapons. Humans build them, finance them, deploy them and decide what powers to give them. We also should remember that some of the stories we are told owe more to myth than to science. As Nvidia chief executive Huang has said of the AI doomer narrative: “I appreciate that many of us grew up and enjoyed science fiction, but it’s not helpful. It’s not helpful to people. It’s not helpful to the industry. It’s not helpful to society. It’s not helpful to the governments.” Like every technology that has come before it, humans have agency over how AI is used. Instead of adopting a posture of fatalism, we should decide what kind of AI we want to build, what problems we want it to solve, and treat it as a tool rather than a force of nature. Read my full piece for the @australian here

Kendrick Lamar kept his promise to 7-year-old Romell Frazier Jr. 🙏 After Romell lost both arms in a dog attack earlier this year, his birthday wish was to meet Kendrick. Kendrick surprised him with a FaceTime call on his 7th birthday and invited him to Los Angeles. Romell has now made the trip and met Kendrick. His mother called the weekend a special “core memory” for Romell ❤️

China has repeatedly made its solemn position clear, and we wish to reiterate that China has an exclusive economic zone and continental shelf in the waters east of Taiwan Island. Relevant activities carried out by Chinese authorities in those waters are legitimate, lawful and beyond reproach, Guo Jiakun, a spokesperson for China's Foreign Ministry, said at a regular press conference on Monday. The spokesperson's remarks were made in response to a media inquiry that a Japanese government spokesperson claimed that activities by the China Coast Guard (CCG) in Japan's exclusive economic zone south of Yonaguni Island, as well as China's sovereignty position over those waters, are unacceptable. Guo said that Japan and the Philippines bypassed China and unilaterally launched so-called maritime "delimitation talks," which seriously violate international law, including the United Nations Convention on the Law of the Sea (UNCLOS), as well as the basic norms governing international relations, and seriously infringe upon China's maritime rights and interests. China will never allow this.

María del Carmen Abascal ("Maricarmen"), an 87-year-old pensioner in Spain, became a national symbol of the country's housing crisis after she was forcibly evicted from her Madrid apartment of more than 70 years... At 87 years old, María del Carmen Abascal had one final wish. She wanted to die peacefully in the Madrid apartment where she had spent almost her entire life. Instead, she was carried out on a stretcher while police held back the neighbors trying to save her home. Maricarmen, as everyone called her, had lived in that apartment since 1956. Her parents had died there. Its rooms held seventy years of family photographs, familiar furniture and memories she had carefully preserved. She had worked for decades as a secretary, retired in 1998 and continued paying her rent. But after an investment company acquired the property, a dispute over her old rental agreement threatened everything. The owners wanted a much higher rent. Maricarmen, living on a modest pension, could not afford it. For years, she fought to stay. On September 23, 2026, the eviction finally happened. Frail and using a wheelchair, she was removed from her home as protesters gathered outside. She was taken directly to hospital. Then something extraordinary happened. Thousands of strangers marched through Madrid carrying her photograph. Demonstrations spread across Spain. Young people camped in public squares, demanding protections for tenants like her. From her hospital bed, Maricarmen watched the support gathering around her. She recorded messages thanking the protesters and urging them to keep fighting. She had become the face of a national movement. And finally, under enormous public pressure, the property company agreed to let her return home. After years of legal battles, she had a chance to go back to the rooms she loved. But Maricarmen never made it. On October 7, just two weeks after being evicted, she died in hospital. She was 87. Her death prompted vigils, condolences and renewed demonstrations. The woman who had spent her final years fighting simply to remain in her apartment had inspired thousands of people to stand up for others facing eviction. The agreement to restore her home had come too late. Maricarmen lived long enough to see an entire community rally around her, to hear that strangers cared and to know that her struggle had reached people across Spain. But she never got to walk through her own front door again. And that may be the most heartbreaking part of her story. She was never asking to become a symbol of anything. She only wanted to spend her remaining days at home.

The artist who drew Avery the Poké Kid’s last pull has seen the video. Avery was 12. He passed away from pancreatic cancer this month. His parents posted his final 30th Anniversary opening: last pack, a Jirachi SIR. He lit up, called it last-pack magic, and signed off with “See you next time, trainers.” Akira Egawa, who illustrated the card, wrote that she’s been in tears since she watched it. “I want my art to bring happiness to people,” she said. “I’m so glad I put that wish into this piece.” See you next time, trainers.

My birthday is on September 25th, and the by-election to formally elect & get Kerry-Lynne Findlay in legislature ends Sept 26th. My b-day wish is for everyone to unite behind Kerry-Lynne so we can get Eby out of there. Dallas Brodie, who is the leader of OneBC & a COMPETING PARTY, called for UNITY to allow Kerry-Lynne the opportunity to represent those in BC who want change. All Conservatives need to stand behind her. Time to send a message.