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BonFire

@bonfire25.bsky.social
2.1K followers 133 following 8.6K posts

Former "Two Tits & A Testicle" CEO/Owner of major sports & entertainment business development & marketing firm. Now active money manager. Militant moderate. Don't seek followers but appreciate them, and this smaller platform w/less insane people.

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BonFire @bonfire25.bsky.social · 30/09/2026
BILL GATES SAYS THAT 'OUTSIDE OF THE INDUSTRY, THE AWARENESS OF THE DANGERS OF AI IS EXTREMELY LOW' — INCLUDING IN ACADEMIA, THINK TANKS AND AMONG POLICYMAKERS — AND THAT HE IS 'SPEAKING AS LOUD AS I CAN' BECAUSE 'YOU CAN'T RELY ON THE INDUSTRY TO SELF-REGULATE HERE. I MEAN, IT'S JUST INSANE’
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FinTwitter @fintwitter.bsky.social · 30/09/2026
BILL GATES SAYS THAT 'OUTSIDE OF THE INDUSTRY, THE AWARENESS OF THE DANGERS OF AI IS EXTREMELY LOW' — INCLUDING IN ACADEMIA, THINK TANKS AND AMONG POLICYMAKERS — AND THAT HE IS 'SPEAKING AS LOUD AS I CAN' BECAUSE 'YOU CAN'T RELY ON THE INDUSTRY TO SELF-REGULATE HERE. I MEAN, IT'S JUST INSANE'.
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Aaron Rupar @atrupar.com · 29/09/2026
LMAO Trump's new AI website confirms that he lost in 2020
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Ed Zitron @edzitron.com · 29/09/2026
Reuters got some of the IPO docs. Anthropic is a total dog of a company. Spent $12.6bn to make $4.6bn in revenue in 2025, $7.33bn of which was compute costs. Operating loss of $8bn. Losses getting worse year over year. Amazing stuff www.reuters.com/business/fin...
Summary
Companies
• Anthropic IPO could value the company at more than $2
trillion
• Anthropic lost $42 billion in 2025
• Al lab spent $7.33 billion on compute and infrastructure last year
• Operating loss widened to $8.06 billion in 2025 from $2.98 billion in 2024
• Execs, industry analysts have expressed concerns over harms of Al tech
Sept 28 (Reuters) - Anthropic is making a massive bet that Al will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.
But the cost to get there will be staggering. Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming year, according to the
prospectus.
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Carl Quintanilla @carlquintanilla.bsky.social · 28/09/2026
“.. Very good one sentence summary of the economy.” - Kyra Scanlon
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Matt Ford @mford.bsky.social · 24/09/2026
Ezra Klein asked Nvidia CEO Jensen Huang about AI making kids worse at math and reading. Huang’s reply: “Does it matter?” Then he said he doesn’t know his own address or phone number. “We’re going to lose some fine intellectual dexterity.” www.nytimes.com/2026/09/23/o...
So the message of this research out of China, where you were seeing a lot of kids using A.I. to help them, was that when they were using the A.I., they were getting things done faster. But it turned out that the skills they were learning were not holding, that their actual personal performance, at least in the way we traditionally measure it, was degrading.

What do you think when you hear that?

The last part — I completely agree. Try to get a kid to do long division right now. The multiplication table is starting to be forgotten. Doing square roots, my goodness. Basic math is being forgotten. Does it matter?

That’s my question for you.

Yeah. I don’t think it does. I don’t think it does.

But there must be some set of skills that matter.

Oh, yeah, yeah, yeah. But maybe not those. We’re going to discover new ones. Just maybe not those.

There are a lot of skills that don’t matter. My first confession, I actually don’t know my address.And I ——

I don’t really believe that to be true.

It’s completely true. Janine will tell you and Lori will tell you.

One day I had to pump gas — it was a few years ago. They needed my ZIP code, and I panicked. I didn’t know my ZIP code. I don’t know my telephone number. I forget these things. I can live with it.

But let me take the other side because I don’t want to fall into a thing where, because some skills can be safely offloaded ——

Yeah.

I also can’t get anywhere without a mapping system now. Never could, frankly. But I’m a big reader. And one of the skills I really value, one of the capacities I have that I really value is an attention span formed on physical books.

You’re a big reader. I’ve read about the kind of reading you do. And there is, prior to A.I., a lot of concern and noticing among college professors and others that the way people use the internet has probably shortened attention spans.
Some skills can be safely given away. Others are valuable. They are capacities that are needed for that flexibility, for that creative thinking, for that focus. It can’t be the case that everything can be traded off.Some skills can be safely given away. Others are valuable. They are capacities that are needed for that flexibility, for that creative thinking, for that focus. It can’t be the case that everything can be traded off.

Yeah. Well, I think that we’re going to lose some finer intellectual dexterity, but we’re going to be better systems thinkers.

Today’s engineers are far better systems thinkers than I was when I graduated from school. But I was a much better transistor thinker.

What do you mean by systems thinker?

They think of large systems. Today’s computers have trillions, hundreds of trillions of transistors in them. When I first graduated from school, the first chip I worked on had 200 transistors. I knew every one of them by name. No engineer does that today. Most engineers now work well above the transistor, well above the functionality, and they’re cobbling things together to do things.

So you need to think much more about systems and interactions of systems. So some of the lower-level knowledge is gone.
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BonFire @bonfire25.bsky.social · 24/09/2026
When you have to cut a dying tree from your driveway and don't want to stare at a pile of soil until the new one comes in Spring. #Magic
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Carl Quintanilla @carlquintanilla.bsky.social · 22/09/2026
#ExportBan ⛽️
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Financial Times @financialtimes.com · 22/09/2026
Opinion: To say that Trump has checked out of the business of governing is an understatement. It would also imply that he had previously checked in. ft.trib.al/KFBc5d4
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BonFire @bonfire25.bsky.social · 22/09/2026
I'm not a hysteric by nature. But THIS interview with Andrew Yang who spoke to the head of one of the AI labs about the AI agents who hacked Hugging Face are now INFECTING THE WHOLE INTERNET...rocked me. Start at 2:20 in. #AI #INTERNET #EconSky #FinSky
cnbc.com
Andrew Yang on AI safety issues: The fear is real, the concern is real
Andrew Yang, Noble Mobile founder and CEO and Forward Party founder, joins 'Squawk Box' to discuss calls for a slowdown in AI development, future of AI regulation, and more.
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BonFire @bonfire25.bsky.social · 19/09/2026
Just one of many amazing reasons The Kennedy Center must be restored to honor. www.youtube.com/watch?v=MfEb...
youtube.com
Aretha Franklin's awesome tribute to Carole King: Kennedy Center Honors 2015
YouTube video by Antlin Notes
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BonFire @bonfire25.bsky.social · 18/09/2026
#Cybersecurity stocks are overbought and overvalued. Now that we know that AI agents attack in SWARMS of THOUSANDS, I'm skeptical these cybersecurity firms can fend off attacks-even when partnering with the AI labs creating the problem! What a bizarre sentence I just wrote 🙃 #FinSky
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BonFire @bonfire25.bsky.social · 17/09/2026
Even though I own a lot of oil stocks, I'm GLAD oil is DOWN. I can't stop thinking about all the people in America who won't be able to HEAT THEIR HOMES this winter with oil so high. I can keep donating to food banks but I can't donate oil 😞 #EconSky #FinSky
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BonFire @bonfire25.bsky.social · 16/09/2026
DOES ANYONE BELIEVE THIS??? #EconSky
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Nick Timiraos @nicktimiraos.bsky.social · 16/09/2026
After the CPI report, many of the sell-side and the Fed watcher community flipped their house "call" on the September meeting. Of these 22, twenty now expect the Fed to hike on Wednesday, and most think there's another hike this year after that
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BonFire @bonfire25.bsky.social · 16/09/2026
This is a very good #AI map.
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BonFire @bonfire25.bsky.social · 15/09/2026
Dear #GQ, WTF were you thinking here????? Ugh #tomcruise
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BonFire @bonfire25.bsky.social · 15/09/2026
Listening to our former brilliant, articulate Sec't of State Anthony Blinken on Bloomberg with Joe Mathews, is so utterly, totally, overwhelmingly... depressing.😞 #PolSky #EconSky
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Carl Quintanilla @carlquintanilla.bsky.social · 14/09/2026
(WSJ) - American oil executives warned for months that the prolonged closure of the Strait of Hormuz was bound to cause a fuel crisis. Now, they say it is here. @wsj.com $CVX www.wsj.com/business/ene...
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BonFire @bonfire25.bsky.social · 15/09/2026
"Data center spills 5K gallons of diesel into New Jersey Meadowlands" OMFG. And these idiots in the WH think AI dangers are all a HOAX. #EconSky #datacenter #disaster
gothamist.com
Data center spills 5K gallons of diesel into New Jersey Meadowlands
The spill affected a tributary of the Hackensack River. Authorities say cleanup is underway.
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BonFire @bonfire25.bsky.social · 14/09/2026
For the last 2 days I have read, watched and listened to EVERY side and every corporate and independent player in this #AI eco-system, pontificating on this very real risks of AI. Conclusion: AI labs will NOT slow down model developments, no legislation, no real cooperation UNTIL a disaster hits.
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Ben Carlson @bencarlson007.bsky.social · 14/09/2026
I get why ppl think the Fed should raise rates w/inflation being where it's at but how exactly is forcing higher borrowing costs on households going to help stop the war with Iran?
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BonFire @bonfire25.bsky.social · 14/09/2026
THIS IN A NUTSHELL!
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Carl Quintanilla @carlquintanilla.bsky.social · 13/09/2026
“.. Daring financial markets to do something is rarely a smart play.” @nbcnews.com www.nbcnews.com/business/mar...
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BonFire @bonfire25.bsky.social · 13/09/2026
I can feel the panic setting on. This is gonna be quite a week for stocks and bonds. Hoo boy. #FinSky
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BonFire @bonfire25.bsky.social · 11/09/2026
Sigh…..😔
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BonFire @bonfire25.bsky.social · 11/09/2026
This is how I remember 9/11. Seeing the smoke from our office windows with pictures of horror, fear and confusion on TV. Only 10 years old, scooping up my daughter from school with tears-I was at such a loss for words to explain this tragedy to her. Every single person remembers. No one forgets. 💔
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BonFire @bonfire25.bsky.social · 10/09/2026
Thread post of the day: "It's called the iPhone Duo because you have to get two jobs in order to afford it." 😂
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BonFire @bonfire25.bsky.social · 09/09/2026
Just the beginning. People seem to forget that AI is ENTIRELY comprised of stolen IP from the whole world.
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BonFire @bonfire25.bsky.social · 09/09/2026
Talking about Bessent's arrogance and hubris w/bond market... "There a lot of folks who just don't see us at the reliable steward of democratic capitalism." Dan Nathan/Fast Money nails it. #FinSky
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BonFire @bonfire25.bsky.social · 09/09/2026
"It's time to pause AI development" The new message of the midterms. #PolSky
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BonFire @bonfire25.bsky.social · 09/09/2026
Crockett’s career is over if she doesn’t step up for him.
bloomberg.com
Texas Democrat Says James Talarico Needs Crockett’s Help to Win
James Talarico has emerged as the best chance in decades for Democrats to win a US Senate seat in Texas.
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Carl Quintanilla @carlquintanilla.bsky.social · 09/09/2026
That went well. @cnbc.com
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BonFire @bonfire25.bsky.social · 09/09/2026
CLEARLY the bond market isn't buying what Bessent is manipulating. 10yr highest since Jan. 2025 DESPITE Bessent's $6B buyback. #FinSky #EconSky #Yowza
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The Wall Street Journal @wsj.com · 08/09/2026
The justices declined to intervene after state’s highest court invalidated a redrawn map and set off a political upheaval weeks before the election. on.wsj.com/4r25OKB
on.wsj.com
Supreme Court Denies Missouri Bid to Use Voting Map That Benefits Republicans
The justices declined to intervene after state’s highest court invalidated a redrawn map and set off a political upheaval weeks before the election.
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Carl Quintanilla @carlquintanilla.bsky.social · 08/09/2026
Yeesh. 👀 “.. we find limited evidence that data center development improves fiscal balances, employment, or business formation.” (via @talsmith.bsky.social) download.ssrn.com/2026/9/1/738...
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bluevoter24.bsky.social @bluevoter24.bsky.social · 07/09/2026
True that! #music #activism
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BonFire @bonfire25.bsky.social · 07/09/2026
HEADS UP: The US imports about 80% of it's raw paper pulp products from CANADA- required for high quality toilet paper, tissues and paper towels. Tomorrow, 9/8, 50% retaliatory tariffs from Canada are scheduled to kick in. SO IF THESE PRODUCTS SUDDENLY SKYROCKET IN PRICE-THIS IS WHY. #EconSky
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BonFire @bonfire25.bsky.social · 07/09/2026
At age 90, Julie Andrews wins an Emmy last night for her voiceover work in #Bridgerton. This is her 4th Emmy, winning most recently in 2025, also for #Bridgerton. #Legend
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BonFire @bonfire25.bsky.social · 06/09/2026
Larry Fink said he thinks the U.S. needs to build $10 trillion of infrastructure in 10 years. BlackRock CEO said Americans' savings and investments will fund data centers, new power infrastructure. While China is just humming along with state-of-the art EVERYTHING.🙃 #AI #EconSky #FinSky
snopes.com
BlackRock CEO said Americans' savings and investments will fund data centers, new power infrastructure
At a news conference with Texas Gov. Greg Abbott, Larry Fink said he thinks the U.S. needs to build $10 trillion of infrastructure in 10 years.
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BonFire @bonfire25.bsky.social · 04/09/2026
@steveliesman.bsky.social Thought??
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Angry @angrystaffer.bsky.social · 04/09/2026
I know it’s a long list, but this might be the dumbest thing Trump has ever tweeted. The Fed would love to be able to lower rates, but Trump’s policies (including the moronic one he announces here) are preventing that from happening.
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BonFire @bonfire25.bsky.social · 04/09/2026
TOP AUTOMAKERS FEAR CHINESE EVS COULD ENTER US VIA MEXICO. How dat work when you CAN'T REGISTER A CHINESE VEHICLE in the US??? Wow. #BYD really has them freaked out gaining ground in Europe and Canada. $BYDDF #FinSky
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BonFire @bonfire25.bsky.social · 03/09/2026
Why was #MariaBartiromo fired from Fox News? Here ya go.
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BonFire @bonfire25.bsky.social · 03/09/2026
This is NOT a cooincidence! #AI #FinSky
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Angry @angrystaffer.bsky.social · 03/09/2026
That is an incidence rate of… 0.00547% The voter fraud allegations you’ve been sold are blatantly and provably false.
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Abbey @abbeyarletto.bsky.social · 02/09/2026
This is what living next door to a 30 megawatt data center sounds like.
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BonFire @bonfire25.bsky.social · 02/09/2026
#Chevron CEO Mike Wirth: Investing $7B in #Venezuela is a long term investment and will NOT ease our SPR shortages. Gee-really? NO ONE IS TALKING ABOUT THE OPERATIONAL DANGERS TO OUR #SPR CAVERNS AT SUCH LOW LEVELS. WHY??? #EconSky #FinSky
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Carl Quintanilla @carlquintanilla.bsky.social · 02/09/2026
* NVIDIA'S HUANG SAYS G20 COUNTRIES SHOULDN'T WRITE RULES FOR AI'S 'THEORETICAL HARMS' @reuters.com $NVDA
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BonFire @bonfire25.bsky.social · 02/09/2026
On January 3, 2025, Microsoft announced an $80 billion #AI infrastructure and data center investment plan. That day, I RAILED on Linkedin about the insanity of this re ROI. THEN, @edzitron.com comes along and articulates my POV w/much more alacrity on biz news nets. Now he's gone mainstream :)
vanityfair.com
He Did Tech PR. Now He Rails Against AI for a Living.
Ed Zitron isn’t concerned about our AI revolution turning into a murder-robot nightmare. He’s warning that the companies involved are spending insane amounts of money that they will never make back—an...
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