OOPS! Today’s Guardian newspaper has a headline about convicted criminal and sexual harasser Russell Brand, warning that “other abusers” are “still hiding in plain sight”.
And just above it is a rambling article by convicted criminal and accused sexual harasser Nathan Law.
Nathan Law was one of the western mainstream media’s most high-profile “rent-a-quote” protesters – but largely disappeared from sight after he was hit with accusations of sexual harassment in 2023.
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SERIOUS ENOUGH
While he was never charged in a court of law, the accusations were serious enough for him to be suspended from the Hong Kong Democracy Council—which investigated the charges, and then said bye-bye to him. (Despite the name of the group, this group does not promote Hong Kong or democracy but is a Washington-financed group working to demonize China.)
In 2024, an investigative media group in the US called Notus found widespread cases of sexual harassment by prominent males in China demonization groups, particularly those focusing on pushing western narratives on “the death of Hong Kong” and the “Uyghur genocide” hoax.
After the Nathan Law sexual harassment claims spread in 2023, “activists at several different organizations reconsidered inviting Law to events, chose not to post pictures with him and rewrote press releases about Hong Kong to minimize his footprint on them,” said Haley Byrd Wilt of Notus in a May 2024 report.
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ONE OF MANY PROBLEMS
The sexual harassment issue was just one problem. Law was part of a Hong Kong political movement that received vast amounts of financial and other support from the National Endowment for Democracy, a CIA soft power spin-off.
This helped him to get into Hong Kong’s parliament, the Legislative Council – but he was soon expelled for misconduct.
Then he and his associates were in 2017 were found guilty in what the city's Court of Appeal described as “a large-scale unlawful assembly, involving violence” in the Admiralty district of Hong Kong.
The shocking attack in the peaceful, low-crime city, left 10 security guards injured, one seriously.
Hong Kong’s British system courts are famously lenient, allowing for appeals. On the same week at the start of February 2018 that an appeals court finally confirmed that the evidence confirmed beyond the slightest doubt that Law and the others had committed a criminal act of violence, Senator Marco Rubio nominated the group for the Nobel Peace Prize.
Which says it all.
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INCREASINGLY UNPOPULAR
Law became extremely unpopular in Hong Kong in 2019 when he called on US lawmakers to enact laws to enable America to revoke the city’s special trade status, directly hurting his community’s ability to continue to make a living.
There was no way for Law to argue that a campaign to destroy the “one country two systems” policy was helping the people of Hong Kong.
Also, the campaigner was eyed suspiciously by some of his fellow protesters, a number of whom liked to physically attack people from mainland China. Law toed the protester line—but he himself was a mainlander, having been born in Shenzhen and moving to Hong Kong at the age of six.
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THEN HE FLED
When Hong Kong finally passed a western-style security law in June 2020, forbidding political activists from taking cash from hostile foreign powers, Nathan Law decided it was time to flee.
From the west, he denied having connections with western intelligence. “My colleagues and I have no connection to US intelligence and any sort of intelligence from around the world,” he said on television.
At the time, a popular Twitter/ X commentator from Hubei agreed: “Indeed, he does seem to be innocent of a connection to any sort of intelligence.”
His UK handlers quickly arranged for him to get political asylum in the UK. When former CIA director Mike Pompeo visited London on 21 July 2020, he summoned Law to meet him at the US embassy to thank him for his work against China.
But with the new law in place in Hong Kong, the southern Chinese city could finally charge Nathan Law with collusion with external forces: an act which has long been criminal in all major western societies.
While "five eyes" nations obediently follow the US narratives about China, other countries make decisions independently. In September of 2025, Nathan Law Kwun-chung was refused entry into Singapore.
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ASSOCIATES FELT ABANDONED
In Hong Kong, Law has been harshly criticized by his former associates on protester message boards.
They felt the escapee now had a cushy number working with western political spinners, living in comfort and safely badmouthing Hong Kong from a distance (thanks, Guardian); while some of his former associates were languishing in jail.
Law increased his unpopularity by working with Luke de Pulford, the UK-based anti-China campaigner financed by the US National Endowment for Democracy, to sue members of the Hong Kong police force who had British nationality, for doing their jobs.
Even for Hong Kong and British critics of the police, this was considered a step too far. (The plot came to nothing.)
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EVEN WESTERNERS
Law was even mocked by westerners in Hong Kong when he took to referring to himself as an “exile”, a word that usually refers to someone ejected and barred from their homeland, not for a disliked, disloyal, criminal who chose to flee from justice.
A group of British westerners in Hong Kong's financial scene told a local newspaper that in the wake of Law’s rebranding of himself, they no longer considered themselves “expats” but would henceforth prefer to be identified as “exiles” from “oppressed Knightsbridge”.
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Sam Altman just crashed two stock markets in 4 hours and exposed the AI bubble.
OpenAI is delaying its public listing until 2027 because Altman REFUSES to accept a single dollar under a $1 trillion valuation.
Asia opened to the news and the panic was instant:
SoftBank fell 13% in Tokyo, its worst day in months. The Nikkei dropped 4.5%. South Korea's KOSPI crashed 8% and the Korea Exchange triggered circuit breakers on the futures market, then halted trading entirely for 20 minutes when the bleeding refused to stop.
Hong Kong and Shanghai followed. US futures slid before market open.
One report triggered all of it in roughly four hours, erasing trillions in market cap across three continents.
The world's most valuable private company just admitted it doesn't believe public markets will pay its asking price so Altman's own bankers presented him with two options:
He could list this year at a lower valuation or he could wait until 2027 and try for the full trillion.
He picked the wait, and the New York Times quoted a source saying he called any haircut a "non-starter."
So basically: The man building "the most important technology in human history" doesn't think investors who actually have to mark their positions to market every day will hand him a trillion dollars right now.
The reason he's right to be scared is sitting on the SpaceX ticker.
Elon Musk's company IPO'd three weeks ago at a record $1.77 trillion valuation. The stock has since collapsed from $225 to $153, a 32% drop in seven trading days.
Musk lost his trillionaire status in the process and every other AI-adjacent name has been dragged down with it.
Altman watched that happen in real time and decided he'd rather burn another 18 months of compute cash than risk the same humiliation.
Meanwhile the financials underneath the trillion-dollar number look like this:
OpenAI did $13 billion in revenue last year on a $21 billion net loss. The company has committed roughly $600 billion in compute and hardware spending through 2030.
Revenue is climbing to $2 billion a month, but the spending climbs faster. They are losing money at a scale that would have ended any other company in tech history, and the only thing keeping the lights on is the next funding round at the next higher number.
The system Altman built depends on one thing: Each round has to price higher than the last, because that's what convinces the next round of investors to keep writing checks.
The moment public markets refuse to pay the markup, the whole structure starts pricing itself the other direction. Anthropic already overtook OpenAI's last private valuation at $965 billion in May. SpaceX is showing what happens when reality finally hits.
And SoftBank, the company that has bet $60 billion of borrowed money on OpenAI hitting that trillion-dollar mark, just had its worst session in weeks because the timer on Masayoshi Son's exit got pushed out another full year.
Son spent yesterday at the shareholder meeting calling SoftBank "the goose that lays golden eggs."
But the takeaway here is the TIMING:
Altman's advisors told him retail enthusiasm "may be limited given current market jitters." That is banker code for "the bubble is showing cracks and you'll get embarrassed if you try this right now."
The man who has been telling Congress, the press, and the public that AI will reshape civilization just looked at the order book and decided he doesn't want to find out what it's actually worth.
The real story here goes beyond the delay itself.
The most aggressive, hype-trained, valuation-obsessed CEO in modern technology just chose to wait rather than face a market that might say no.
When the loudest believer flinches, the rest of us should probably pay attention.
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