we're now definitely in a new cycle, lower lows are highly unlikely new bull markets are forgiving to poorly timed buys Q4 25-Q1 26 if you bought the dips, or momentum that wained, you got sodomised If you buy a local top of a major here, you'll be fine in 6-12 months Your main risk for missing gains, AT THIS POINT IN THE CYCLE, is not allocating enough at all (on dips, where you wait for even lower, or on buying strong coins) buy the good bags and if they dip, fuck it

Reporter: The worst case is that AI will turn against humanity. Do we have guardrails? Trump: It's going to be fine. We'll always have something to stop them. We'll have a little gear. Boom. 'I really don't like that robot.'

I'm a cardiologist. Senator Lindsey Graham is dead at 71, and I'll be honest with you — my gut had a reaction before my training did. A fierce fighter for this movement. A relentless hawk on Putin and Iran. A true friend of Israel. Dead within a day of flying home from a war zone. In an era when we've watched two attempts on President Trump's life, when we buried Charlie Kirk, when political violence stopped being hypothetical — you'd have to be asleep not to feel the question rise up. So I'm not going to insult you by pretending the thought doesn't cross a reasonable mind. It crossed mine. But I owe you the truth from both halves of who I am — the citizen and the cardiologist. Let me give you the medicine, straight. The preliminary finding is aortic dissection due to arteriosclerotic cardiovascular disease. Here's what that means. The aorta is the largest artery in the body — the grand highway out of the heart, five liters a minute under enormous pressure. After decades of high blood pressure and hardening arteries, the wall weakens. One day the inner layer tears, blood rips through at full force, and it splits like a pipe delaminating under pressure. A Type A dissection kills up to 1-2% of its victims every single hour. When the first symptom is collapse, even perfect CPR usually loses. For a 71-year-old man with a long cardiovascular history, this is not exotic. It is one of the most common catastrophic deaths in all of medicine. It killed John Ritter. It kills thousands quietly every year. And the cruelest part — a lethally enlarged aorta usually causes zero symptoms until the day it tears. No pain. Normal EKG. A time bomb with no ticking. So the cardiologist in me says: the likeliest story, by far, is that his own aorta took him. Occam's razor points hard at nature. And the citizen in me says something too: let it all come out. The final death certificate is still pending toxicology and microscopic testing — that's routine for every case like this. So let that process be complete, transparent, and public. Not because I have evidence of anything — I don't, and I won't pretend to. But because in a moment this raw, the antidote to suspicion isn't silence. It's sunlight. Full findings, out in the open, so no family and no citizen is left to wonder. That's not weakness. That's how you honor a man who spent his life demanding accountability from everyone else. Here's what I refuse to let get lost in the noise — because it's the part that can actually save your life. Whatever the final report says about Graham, the disease that's listed already is coming for people you love. Aortic dissection is driven by high blood pressure and hardened arteries — and it builds in silence for years. But it can be SEEN. An echo, a CT, or an MRI measures the aorta in minutes. A widening aorta can be watched and repaired electively, before it ever tears, with excellent outcomes. We do it all the time. The tragedy is almost nobody gets the picture taken until the autopsy. So do this, today, in his memory: Get your blood pressure under 130/80. It's the number one driver, and most people who have dangerous levels feel completely fine. Know your family history. Aneurysm, dissection, Marfan, bicuspid valve — they run in bloodlines. If a relative had any of them, or died suddenly and unexplained, demand a screening echocardiogram and don't let anyone wave you off. If a loved one dies suddenly, ask for an autopsy. Whatever took them may be written in your DNA too. Grieve the man. Demand the full, transparent findings — that's fair, and it's American. And then go check the one artery you've never once thought about, before it stops respecting you. Rest in peace, Senator. We'll take it from here.

I don’t think people fully understand what Tesla is about to show us on October 1... this might be the most exciting Tesla event we’ve ever seen. And that’s not just me trying to hype it up. Elon himself has said he feels confident this will be “the most exciting product unveil ever,” potentially “one of the most spectacular demos ever,” and has described the Roadster as the coolest car ever made… “if it even is a car.” We could be watching Tesla blur the line between a car, a rocket and something we’ve never seen before. I really can't wait... here’s everything Elon has said about the next-gen Roadster, word for word, ranked from the craziest to the least crazy: 👇👀 1/ “The new Tesla Roadster can fly” — Elon on 𝕏, reply to Marc Andreessen (Jun 15, 2024) 2/ “Tonight, we radically increased the design goals for the new Tesla Roadster. There will never be another car like this, if you could even call it a car. … 0-60mph < 1 sec. And that is the least interesting part.” — Elon on 𝕏 (Feb 28, 2024) 3/ “SpaceX option package for new Tesla Roadster will include ~10 small rocket thrusters arranged seamlessly around car. These rocket engines dramatically improve acceleration, top speed, braking & cornering. Maybe they will even allow a Tesla to fly …” — Elon on 𝕏 (Jun 9, 2018) 4/ “I want it to hover. I’m trying to figure out how to make this thing hover, without killing people. … maybe it could hover, like, a meter above the ground… Maybe, I don’t know, six feet. [Can it travel while hovering?] Yeah. At a minimum, I’m confident we could do a thruster where the license plate flips down, James Bond-style… 3 tons of thrust… We’re going to throw some rocket technology in that car.” — Elon on Joe Rogan Experience #1609# (Feb 10–11, 2021) 5/ “We’re gonna use ultra high pressure compressed air. It’s a cold gas thruster. The main thruster will be behind the license plate. So for acceleration, it drops the license plate, and behind the license plate is a rocket thruster. It’s like full-on James Bond. It’s going to have an option to have rocket thrusters from SpaceX. No, in this case I am serious.” — Elon on Jay Leno’s Garage (May 22, 2020) 6/ “Yes, with the SpaceX rocket thruster option package. It will be safe, but very intense. Probably not wise for those with a weak heart or vestibular system.” — Elon on X, reply on 1.1-second 0–60 with SpaceX package (May 20, 2021) 7/ “The new Tesla Roadster will be the fastest production car ever made, period. And this is the base model. 0–60 in 1.9 seconds. 0–100 mph in 4.2 seconds. There’s only one thing that’s beyond ludicrous… Plaid.” — Elon at the Tesla Semi & Roadster Unveil in Hawthorne (Nov 16, 2017) 8/ “This will actually be able to fly very briefly. I always laughed at flying cars & now making one. Fate 🖤 irony haha.” — Elon on 𝕏 (May 21, 2021) 9/ “Under 1 second. It does not have big wings. It will have a drive-by-wire yoke, essentially. Like an aircraft or like how modern jets are controlled.” — Elon in the Don Lemon interview (Mar 18, 2024) 10/ “We’re going to put rocket thrusters on it. Nothing. Ultra high pressure compressed air. Cold gas thrusters. Yeah, it’s an electric pump. Pump it up to like 10,000 PSI. We could make it fly. Yeah, 600 miles. We could totally make one right now that would do 600 miles. But the thing is, it’s too expensive… just have a 200-kilowatt-hour battery pack.” — Elon on Joe Rogan Experience #1169# (Sep 6, 2018) 11/ “Yes. Not recommended for urban environments. Exactly. Total energy stored even in ultra compressed air is low vs battery, but power output is insane. The composite overwrapped pressure vessel (COPV) is most advanced ever made. It’s what SpaceX is qualifying for NASA crewed missions. Extremely robust — literally bulletproof. Trade is just that Roadster becomes a 2 seater instead of a 2+2.” — Elon on 𝕏 (Jun 10, 2018) 12/ “I’m not. Will use SpaceX cold gas thruster system with ultra high pressure air in a composite over-wrapped pressure vessel in place of the 2 rear seats.” — Elon on X, reply to MKBHD (Jan 9, 2019) 13/ “If safety is your number one goal, do not buy the Roadster… We’ll aspire not to kill anyone in this car. It’ll be the best of the last of the human-driven cars. The best of the last.” — Elon on Moonshots with Peter Diamandis (Jan 6, 2026) 14/ “In fact, long term, the only manually driven car will be the new Tesla Roadster. Speaking of which, we may be able to debut that in a month or so. … I think it will be one of the most exciting product unveils ever. … I think it might be one of the most spectacular demos ever.” — Elon on the Tesla Q1 2026 earnings call (Apr 22, 2026) 15/ “Yes. Eventually. We’re getting close to demonstrating the prototype. … one thing I can guarantee is that this product demo will be unforgettable. Unforgettable. Whether it’s good or bad, it will be unforgettable. If Peter wants a flying car, he should be able to buy one. I can’t do the unveil before the unveil. I think it has a shot at being the most memorable product unveil ever. This is some crazy, crazy technology we got in this car.” — Elon on Joe Rogan Experience #2404# (Oct 31, 2025) 16/ “I feel confident in saying it will be the most exciting product unveil ever. … the new Roadster is very much … not even the icing on the cake, it’s the cherry on the icing on the cake. … It’s the coolest car, if it even is a car, that has ever – that will probably ever exist.” — Elon at the Tesla 2025 Annual Shareholder Meeting in Austin (Nov 6, 2025) 17/ “Roadster’s kind of like dessert. … I think we should do Cybertruck first before Roadster. With the Roadster, we’re going to do some things that are kind of unfair. … from kind of like Rocket World and put them on a car. When we do the unveil of the Roadster, let me just say that anyone who’s been waiting, they won’t be sorry. That’s the base model. … Faster than that. Let’s just say faster than that.” — Elon on Joe Rogan Experience #1470# (May 7, 2020) 18/ “Intent of new Tesla Roadster is to beat gas sports cars on every performance metric by far, no exceptions, thus transferring the “halo crown” effect gas cars have as the top speed leaders over to pure electric.” — Elon on 𝕏 (Jun 10, 2018) 19/ “You have my word, Marques. Next gen Roadster will be absolutely out of this world. For those who love to drive, there is no finer car in history and we don’t think there will be another.” — Elon on 𝕏 (Jun 10, 2018) 20/ “2.1 sec 0-60 mph is base model before adding rocket thruster option” — Elon on 𝕏 (Jun 27, 2019) 21/ “SpaceX thruster package will be subtle. Hidden behind license plate.” — Elon on X (Jul 13, 2019) 22/ “New Roadster is part rocket” — Elon on 𝕏 (Jan 28, 2021) 23/ “Not saying the next gen Roadster special upgrade package will definitely enable it to fly short hops, but maybe … Certainly possible. Just a question of safety. Rocket tech applied to a car opens up revolutionary possibilities.” — Elon on X (Nov 19, 2017) 24/ “Should clarify that this is the base model performance. There will be a special option package that takes it to the next level.” — Elon on 𝕏 (Nov 19, 2017) 25/ “New Tesla Roadster will exceed all gas sports cars in every way…” — Elon on 𝕏 (Jun 9, 2018) 26/ “Oh sorry, yes, Roadster will have thrusters, not Plaid. Plaid is indeed close to the theoretical maximum of a roadworthy car with rubber tires.” — Elon on 𝕏 (May 20, 2021) 27/ “The Roadster is not just the icing on the cake, it’s the cherry on the icing on the cake. … we’d all love to work on the next-gen Tesla Roadster, it is super fun, and we are working on it – but it has to come behind the things that have a more serious impact on the good of the world. … We’re close to finalizing the design on that, it’s truly gonna be something spectacular. … Peter was lamenting on how the future doesn’t have flying cars. Well, we’ll see.” — Elon on the Tesla Q3 2024 earnings call (Oct 23, 2024) 28/ “Where is that thing? We expect to complete the engineering and design of the next gen Tesla Roadster this year. Hopefully start production, this is not a commitment, but hopefully start production next year. … it’s not even the icing on the cake, it’s the cherry on the icing on the cake. … the next gen Roadster will have the SpaceX option package. That’ll make it truly next level.” — Elon at the Tesla 2023 Annual Shareholder Meeting (May 16, 2023) 29/ “I really think long-term, the only vehicles that we’ll make will be autonomous vehicles with the exception of the next generation Roadster which we’re hoping to debut in April. It’s gonna be something out of this world. Fantastic.” — Elon on the Tesla Q4 2025 earnings call (Jan 28, 2026) 30/ “The new Roadster is something special beyond a car” — Elon on X (Sep 17, 2025) 31/ “New Tesla Roadster Unveil 10.01” — Elon on 𝕏, quote-tweet of Tesla’s “Go for launch” (Sep 13, 2026) 32/ “Next gen Roadster will be convertible” — Elon on 𝕏 (Apr 13, 2017) 33/ “Note, gas contained would be ultra high pressure air in a SpaceX rocket COPV bottle. The air exiting the thrusters would immediately be replenished whenever vehicle pack power draw allowed operation of the air pump, which is most of the time.” — Elon on 𝕏 (Jun 10, 2018) 34/ “Using the config you describe, plus an electric pump to replenish air in COPV, when car power draw drops below max pack power output, makes sense. But we are going to go a lot further.” — Elon on 𝕏 (Jun 9, 2018) 35/ “The new Roadster will actually do something like this” — Elon on X, quote-tweeting a hovering DeLorean GIF (Jan 9, 2019) 36/ “Yes. To be clear, Plaid powertrain is about a year away from production & applies to S,X & Roadster, but not 3 or Y.” — Elon on 𝕏 (Sep 12, 2019) 37/ “My favorite is one in tension, other DoF in compression. New Roadster wheels will only have one nut.” — Elon on 𝕏 (Aug 18, 2020) 38/ “It would also obviously be ridiculous for the Roadster to achieve simply the same 0-60mph time as Model S, even though it is a 2 door fully performance-oriented vehicle” — Elon on 𝕏 (May 13, 2024) 39/ “We have a few ideas for increasing torque & max rpm even further for new Roadster. Definitely fun & exciting engineering ahead!” — Elon on 𝕏 (Jun 13, 2021) 40/ “Yes. Model S will always be the fastest Tesla until next gen Roadster, which is a few years away.” — Elon on 𝕏 (Mar 24, 2017) 41/ “With respect to Roadster, we’ve completed most of the engineering. And I think there’s still some upgrades we want to make to it, but we expect to be in production with Roadster next year. It will be something special.” — Elon on the Tesla Q2 2024 earnings call (Jul 23, 2024) 44/ “We will have special colors for new Roadster, as we did for the original” — Elon on 𝕏 (Nov 25, 2020) October 1, 2026 is going to be the next-gen Tesla Roadster Unveil... I hope everyone is mentally and physically ready.

Just some random thoughts, I do think AI is the most disruptive technology in human history. To the level of agricultural or industrial revolution. Since Anthropic, OpenAi, XAI, and others are racing to build superintelligence. The amount of economic impact can't be measured if AI helps find cures for cancer or accelerates discovery for Quantum Computing. Or if AI end up displacing the workforce, which increases profitability for companies. The US Gov has every incentive to keep the buildout going too, as the implications from Warfare, Cybersecurity, is also immeasurable if China takes the lead. So there's likely to be incentives and subsidies to win, even if there's not enough profit derived LLM training/inference. As for sustainability, when you look upstream, $GOOGL is able to fund it majorly with their own cashflow, same with $AMZN, $MSFT. More lukewarm on $META. Very iffy about $ORCL. But I do see some bubbles forming around debt interest like $CRWV. Maybe circular valuations that's happening with OpenAI backlog agreements or $NVDA / $AMD agreements with Neoclouds to buy their GPUs. But as seen with $MSFT and having OpenAI be a major part of the backlog, it did correct off the information, so "bubbles" like that do pop despite the overall markets increasing. Definitely don't see a bubble in upstream semiconductors from $LITE to Sk Hynix though since the amount of profit they get from the buildout would likely be insane to make up for capex decreasing. OpenAI was actually my biggest fear from contagion, eg. $CRWV, $CBRS and others, but they just raised a lot. So think it will be fine for another 1 1/2 years of capex, especially if they IPO this year. I also don't think we'll get massive Fed tightening despite "predictions" since this will trigger a contagion since many of these players rely heavily on debt. And although the Fed is independent, don't think Trump would have supported someone who is against his administration goals. As for semiconductor valuations going up every day like $AMD or $MU, there's probably going to be some corrections here and there. Everything going up together is kinda unhealthy. Can't time the capex peak but just from $AVGO and other projections, it just keeps accelerating exponentially into 2028. Especially as everyone is starting to sign multi year agreements as well. OpenAI contagion / hyperscaler capex decreasing / fed tightening was what I'm looking out for, and no blaring signs of any of those yet. So I think the music will keep playing for this year at the bare minimum.

I am the Managing Director of Workforce Transition at a consulting firm that bills $14,200 per day and I am currently advising two clients, in two different industries, running the same playbook from the same deck I built in January, and neither knows about the other. Client A is GitLab. Client B is General Motors. GitLab makes software for people who make software. General Motors makes cars for people who can't afford cars. Both companies, in the same week of May 2026, announced they are replacing their human employees with artificial intelligence products that did not exist when those employees were hired. I built the deck. The deck has 44 slides. Slide 1 is titled "The Agentic Opportunity." Slide 44 is titled "Implementation Timeline." Slides 2 through 43 are the reason I own a house in Darien. GitLab did it with vocabulary. Their CEO published a blog post called "Act 2" on May 7 announcing that the company's six values (Collaboration, Results for Customers, Efficiency, Diversity Inclusion & Belonging, Iteration, Transparency) were being retired and replaced with three: Speed with Quality, Ownership Mindset, Customer Outcomes. I helped write the new ones. Not directly. My firm was not retained for the values work. But I sold the Chief Culture Officer the framework three months ago at a dinner in the Marina where she described the old values as "aspirational scaffolding" and I said, very carefully, that aspirational scaffolding is a liability once the building is up. The building, in this metaphor, is a $1 billion ARR company whose stock has declined 82% from its peak. The scaffolding, in this metaphor, is the 2,000-page public handbook that attracted the employees who are now being told they have eleven days to volunteer for termination or wait until June 1 to learn whether they've been involuntarily selected. The rubric for who stays and who goes contains six dimensions. I know this because I reviewed a draft in March when my associate flew to San Francisco for a "culture alignment session" that was billed as strategic advisory. Two of the six dimensions are "AI fluency" and "agentic mindset." These terms did not appear in any GitLab job description before January 2026. They now determine employment. An engineer who maintained GitLab's CI/CD pipeline for four years without incident — four years of uptime, four years of deployments, four years of the infrastructure that generated the $955 million in revenue the CEO celebrated on the earnings call — may score lower on "agentic mindset" than a new hire who completed a twelve-week certificate in prompt engineering from a program that itself has existed for fewer weeks than the engineer has years of tenure. General Motors did it with spreadsheets. Monday morning, May 11. Badge deactivation at 5:47 AM Eastern, building access at 5:48, VPN credentials at 5:49. Six hundred IT workers across twelve states. The distribution across twelve states was not arbitrary. Each state has a WARN Act notification threshold. Six hundred distributed across twelve states falls below every threshold. The workforce analytics team that designed the distribution model was not among the six hundred terminated. The skill of distributing layoffs across jurisdictions to avoid legal notification requirements is, apparently, an AI-native competency. GM posted 83 new positions the same week. The job descriptions require "AI-native development, data engineering and analytics, cloud-based engineering, agent and model development, and prompt engineering." I reviewed them at my client's request. Several describe roles that the terminated employees were already performing under different names. One posting, Senior Data Integration Architect, is identical to a role held by a woman in their Austin office who was terminated at 5:47 AM Central. She held the position for nine years. The new posting requires three years of experience with large language models. Large language models have existed in commercial deployment for approximately three years. The requirement is mathematically designed to exclude anyone who learned their skills before the technology existed. Which is everyone they just fired. Here is where the deck earns its fee. Slide 17 is titled "The Vocabulary Bridge." It is the most important slide in the presentation. It shows how to construct a lexicon of new competency terms ("AI fluency," "agentic mindset," "AI-native development") that describe existing work in language the existing workforce cannot claim. The vocabulary does not change the job. It changes who is qualified for the job. A senior IT administrator who managed SAP infrastructure processing $185 billion in annual GM revenue for fifteen years is not "AI-native." A twenty-six-year-old with a GitHub portfolio of LangChain wrappers is. The fifteen-year veteran did the work. The twenty-six-year-old has the words. My deck converts one into the other. That is the bridge. GitLab Duo, their AI agent platform, reached general availability on January 15, 2026. Seventeen weeks ago. They are restructuring their entire company around a product that has existed for seventeen weeks. GitHub Copilot has 20 million users and 4.7 million paid subscribers across 90% of the Fortune 100. Cursor reached $2 billion in annualized revenue in February. GitLab's competitor advantage in the "agentic era" is that they are willing to fire more people faster in service of a product that has been generally available for fewer days than their voluntary separation window has hours of anxiety. General Motors spent $10 billion on Cruise, their autonomous vehicle division. Cruise's signature achievement was a robotaxi that struck a pedestrian in San Francisco and dragged her twenty feet. The DOJ fined them $500,000. They settled with the victim for approximately $10 million. They killed the division in December 2024. They then wrote down $7.6 billion in EV losses. They then pivoted back to gasoline. They then announced the 600 IT layoffs for insufficient "AI skills." The AI they built cost $10 billion and injured a woman. The AI skills they're hiring for cost a twelve-week certificate. The employees they fired had fifteen years of keeping $185 billion in revenue processing without dragging anyone through an intersection. Meanwhile — and this is the part where I earn the second half of my fee — GM was simultaneously settling a $12.75 million fine with the California Attorney General for selling the precise GPS coordinates, hard braking events, and real-time driving speeds of 8 million OnStar subscribers to Verisk Analytics and LexisNexis, who used the data to raise those drivers' insurance premiums. GM's privacy policy explicitly stated they did not sell driving data. They sold driving data for four consecutive years. The fine was $12.75 million. The revenue was $20 million. The margin on collecting behavioral telemetry from 8 million of your own customers while the glove compartment manual said otherwise was 64%. The terminated employees' median salary was $95,111. Mary Barra's compensation was $29.9 million. The ratio is 310 to 1. The 1 was just reclassified as "not AI-native." I present these two clients to my partners every Thursday in a meeting we call "Transition Pipeline Review." I present them on the same slide. The slide has two columns. Left column: GitLab. Right column: General Motors. The headers are identical. "Legacy Workforce," "Skills Gap Narrative," "Vocabulary Bridge Deployed," "Separation Timeline," "Replacement Requisitions." The numbers differ. The structure is identical. The structure is always identical. I have seventeen clients in the pipeline. Nine are in technology. Four are in manufacturing. Two are in financial services. One is in healthcare. One is in defense. All seventeen are on slide 17. All seventeen are building a vocabulary bridge. All seventeen are replacing employees who have skills with employees who have words. GitLab's CEO wrote: "Software will be built by machines, directed by people." I read that sentence in a meeting where we were reviewing the rubric for determining which people would be directed out of the company. GM's Chief Product Officer arrived from Aurora, the autonomous trucking startup, to "consolidate disparate technology businesses." Three top software executives departed within six months. Their LinkedIn profiles say "exploring new opportunities" in the same font GM's privacy policy used to say "we do not sell your driving data." Bill Staples's compensation at GitLab was $39.1 million in FY2025. His change-of-control payout is modeled at $47.4 million. Mary Barra's was $29.9 million. Combined: $69 million for two executives presiding over a restructuring that will remove an undisclosed number of humans from payroll and replace them with products that are, respectively, seventeen weeks old and responsible for $10 billion in losses plus one woman dragged through a San Francisco intersection. An anonymous GitLab employee posted on Hacker News: "The employees can have some anxiety until then. As a treat." A GM facilities team filed a maintenance request about moisture on the lobby tables on restructuring mornings. The Warren, Michigan campus has a Panera Bread that opens at 5:30 AM on days when badge deactivations begin at 5:47 AM. The Panera does not know why its hours change. My firm does. We have an agreement with their regional manager. The muffins are complimentary. Slide 17 has a footnote. The footnote says: "Vocabulary Bridge deployment should precede workforce action by 60-90 days to establish institutional legitimacy of new competency framework." GitLab introduced "AI fluency" in January. The restructuring was announced in May. Four months. GM posted "AI-native" job descriptions the same week as the terminations. That is too fast. That is not what the deck recommends. GM skipped the legitimacy window. They went straight from vocabulary to separation without the 60-day buffer that allows HR to say, in the separation meeting, "we communicated these expectations in Q1." I flagged this in my Thursday pipeline review. My partner said, and I am quoting: "They'll be fine. Nobody sues over a word." My deck has been purchased by seventeen companies. The aggregate headcount affected across all seventeen is approximately 14,000 employees. The aggregate revenue of my practice from these engagements is $11.2 million. The per-employee cost of my advisory services works out to $800 per person displaced. That is less than the Panera muffin budget at GM's Warren campus annualized across restructuring days. I have a copy of GitLab's original values poster framed in my office. It says CREDIT: Collaboration, Results for Customers, Efficiency, Diversity Inclusion & Belonging, Iteration, Transparency. I purchased it on eBay from someone whose seller name is "gitlab-alum-2024." I keep it the way a surgeon keeps an X-ray of a interesting case. Not for sentiment. For reference. Slide 44 is titled "Implementation Timeline." It contains a Gantt chart. The Gantt chart has seventeen rows, one per client. Each row has four phases: Vocabulary Introduction, Competency Reassessment, Workforce Action, Replacement Hiring. The phases overlap. They always overlap. The vocabulary is introduced while the competency reassessment is being designed. The reassessment is completed while the workforce action is being calendared. The replacement hiring is posted while the terminated employees are sitting in a Panera at 5:48 AM wondering whether "AI-native" was a term that existed when they were hired. It was not. That is the bridge. That is the product. That is slides 2 through 43. The agentic era is not a technological shift. It is a vocabulary shift. The technology is seventeen weeks old or $10 billion underwater or dragging someone through an intersection. The vocabulary is what my clients are buying. The vocabulary is what makes a fifteen-year SAP administrator into a "legacy workforce" and a twelve-week prompt certificate into a "transition hire." The vocabulary is the product. I am the vendor. The deck is $14,200 per day. The agentic era starts on slide 1 and ends on slide 44 and in between is every employee who built the thing now being renamed to exclude them. I bill monthly. Net 30. The invoices are paid on time. The employees are not.

Read the fine print…yep it’s real! 💪 I’ll be speaking in 2 hours. Grateful to be here (you shouldn’t be too surprised…we’ve always known we had our fans at the Fed…). Register online—there are 1700 people registered already & the in-person room is packed. Enjoy!

We've put together some FAQs on KYC/KYB and wallet screening for the $AXIS Community Sale ⬇️ 🔗 Official portal: 1 - The "wallet not eligible" issue • All wallets go through strict AML screening. If you see "This wallet isn't eligible," your KYC/KYB is fine. The wallet itself is the issue. • Try another wallet you control with a clean transaction history. You do not need to redo KYC/KYB just because one wallet fails. • The Echo wallet is not required. Just use your normal self-custody wallet; Sonar supports most common wallet extensions and providers. • Note that even wallets that participated in the previous Sonar token sales may be marked ineligible. Hence, we recommend using a fresh wallet. 2 - Already committed but want to increase your amount? If you've already invested in the sale but want to add more, and the wallet you successfully committed with shows "This wallet isn’t eligible," you can fill out the form below. We'll coordinate with the Sonar team to get the wallet approved ASAP. 3 - Once your KYC/KYB and sale wallet checks are completed, there is no new verification later. No new KYC/KYB or liveness check at: • TGE • token claim • vesting The verification process happens at the sale stage. 4 - KYC/KYB can still be done until window closure on Sep 28 at 13:00 SGT We encourage you to complete KYC/KYB one day before the deadline, so you have extra time to resolve any KYC/KYB or wallet ineligible issues. 5 - Restricted jurisdictions Restricted areas include: China, United Kingdom, United States, Yemen, Libya, Palau, Mali, Afghanistan, Belarus, Bosnia and Herzegovina, Burkina Faso, Cameroon, Central African Republic, Democratic Republic of the Congo, Ethiopia, Eritrea, Iraq, Lebanon, Myanmar, Somalia, Sudan, Russia, Cuba, Iran, North Korea, Syria, Ukraine. 6 - Common KYC/KYB problems are simple document issues: • screenshots • blurry documents • proof of address older than 3 months • incorrect document type • incomplete verification Where available, Sonar allows up to 5 document re-uploads.