Especially for the madman in the Kremlin. The global AI bubble burst at the end of the day, following yesterday's biggest cryptocurrency heist in history. Russia, thank God, did not participate in it with its shameful Gigachat and Alice. And this is the first time it didn't cost us anything. This week it became clear that artificial intelligence can do more than just write code. He knows how to burn money. Alphabet posted $127 billion in revenue and lost 12.6% on the day: Profits fell in the quarter as everything went to data centers. Amazon reported minus $42 billion in free cash for the year. A year earlier it was plus 15 billion dollars. The difference is the hardware for AI. The funny thing is Intel. It's down 25% not because of bad work, but because of good work: data centers bought memory, memory got more expensive, computers got more expensive, people stopped buying them. The AI ​​boom is choking the market that feeds it. That night, only for a different reason, $6.3 billion was withdrawn from Binance in twenty minutes. The trail leads to the DPRK - that's what TRM labs think. Half was frozen, bitcoin dropped to $77,000, gold and silver also dropped. There was nowhere to hide. Now on us. Our money was not in any of these stories. Not because we're smart, they just wouldn't let us in. Rossi could not be in either Alphabet Fall or Binance Night: there was no access. The only dangerous thing we have is the digital ruble: the renewal limit is 300 thousand per month, entry through state services, and not through a private key - you can't get it out of someone else's laptop in twenty minutes. At the same time, Anthropic filed for an IPO with the SEC on October 26, and the Russians are being treated in waves: May, October, October again. Is it idiotic to kick customers away before posting? Not really. There is nothing to lose: Claude does not work in Russia, any such account is already a violation, and in six months they closed 11.4 million accounts worldwide. The investor likes it: it means there is order. We didn't win the race, we fell out of it, and through the wrong hands. And if the bubble hadn't burst, our money wouldn't have been in it either. The question is simple: luck or delay?

Especially for the madman in the Kremlin. The global AI bubble burst at the end of the day, following yesterday's biggest cryptocurrency heist in history. Russia, thank God, did not participate in it with its shameful Gigachat and Alice. And this is the first time it didn't cost us anything. This week it became clear that artificial intelligence can do more than just write code. He knows how to burn money. Alphabet posted $127 billion in revenue and lost 12.6% on the day: Profits fell in the quarter as everything went to data centers. Amazon reported minus $42 billion in free cash for the year. A year earlier it was plus 15 billion dollars. The difference is the hardware for AI. The funny thing is Intel. It's down 25% not because of bad work, but because of good work: data centers bought memory, memory got more expensive, computers got more expensive, people stopped buying them. The AI ​​boom is choking the market that feeds it. That night, only for a different reason, $6.3 billion was withdrawn from Binance in twenty minutes. The trail leads to the DPRK - that's what TRM labs think. Half was frozen, bitcoin dropped to $77,000, gold and silver also dropped. There was nowhere to hide. Now on us. Our money was not in any of these stories. Not because we're smart, they just wouldn't let us in. Rossi could not be in either Alphabet Fall or Binance Night: there was no access. The only dangerous thing we have is the digital ruble: the renewal limit is 300 thousand per month, entry through state services, and not through a private key - you can't get it out of someone else's laptop in twenty minutes. At the same time, Anthropic filed for an IPO with the SEC on October 26, and the Russians are being treated in waves: May, October, October again. Is it idiotic to kick customers away before posting? Not really. There is nothing to lose: Claude does not work in Russia, any such account is already a violation, and in six months they closed 11.4 million accounts worldwide. The investor likes it: it means there is order. We didn't win the race, we fell out of it, and through the wrong hands. And if the bubble hadn't burst, our money wouldn't have been in it either. The question is simple: luck or delay?