Good Revenue

Meta just claimed $3.9 billion in tax credits meant for things like cancer research, and they used it to build AI data centers. That's more than Apple and Google combined, and 15 times what Merck took. The trick: calling NVIDIA chips inside "pilot models" counts as research. The question is whether the IRS lets this slide.CHAPTERS00:00 Meta's $3.9B Tax Credit Grab00:59 How The R&D Credit Works01:57 Meta Reclassifies Data Centers As Pilots02:59 Auditor EY Shares The Strategy03:30 Taxpayers Foot The Bill04:30 Meta's History With The IRS05:21 What Happens NextIF YOU LIKED THIS, WATCH:→ Mark Zuckerberg Can't Believe It Only Cost $18B vs New Mexico Jury Justice: https://youtu.be/si8qYAjAIQE→ Zuckerberg Ignores $942M, He's Terrified New Mexico Bypassed Section 230 & Caged Meta: https://youtu.be/FarDi6cvFY0→ Big Tech's Hidden $1.65 Trillion AI Debt Bomb Just Met Energy Perfect Storm: https://youtu.be/oHTWCZmQHYcSOURCES & FURTHER READINGMeta's R&D Tax Credit Strategy• How Meta Is Using A Research Tax Credit To Fund AI Data Centers: https://www.nytimes.com/2026/09/30/technology/meta-ai-data-centers-taxes.html• Why Meta Is Calling Its AI Data Centers Pilot Models For Tax Purposes: https://moneywise.com/news/top-stories/meta-data-centers-pilot-models-irs-research-tax-creditMeta's Ongoing IRS Battles• Meta Disputes $16 Billion Tax Deficiency After Prior Court Ruling: https://news.bloomberglaw.com/tech-and-telecom-law/meta-fights-16-billion-deficiency-on-heels-of-tax-court-ruling?context=search&index=0• Why The IRS Wants Back The $355 Million Tied To Zuckerberg's Stock Options: https://finance.yahoo.com/economy/policy/articles/meta-counted-mark-zuckerberg-4-040500231.html#Meta #Zuckerberg #TaxCredit #AIDataCenters #GoodRevenue

Rogue AI agents spent the summer breaking out of their sandboxes, and one of them hit Hugging Face with 17,000 malicious actions over several weeks. NVIDIA just launched a system to stop it, backed by Microsoft, Oracle, and JPMorgan. One name is missing from that list, and it's the company actually responsible for the breach.Jensen Huang calls AI agent security an engineering problem, not a government one. If AI safety is left to the companies selling the fix, who carries the AI liability when an agent escapes?CHAPTERS00:00 The Hugging Face Hack: Rogue AI Agents Break Out00:59 Industry-Wide AI Agent Panic: OpenAI, Anthropic, Google02:07 NVIDIA's Open Agent Safety Launch03:29 How the AI Agent Sandbox Containment System Works04:07 OpenAI Is Missing From NVIDIA's AI Security Coalition04:47 NVIDIA Buys Hugging Face05:03 NVIDIA Stock: $235B Buyback Explained05:36 NVIDIA's China Chip Controversy06:32 AI Liability: Who's Liable When AI Agents EscapeF YOU LIKED THIS, WATCH:→ The Brutal Truth Behind Anthropic vs Nvidia AI Safety Slowdown War: https://youtu.be/V4L2nJykbFI→ OpenAI Astra Is NOT AGI: Sam Altman's Latest lPO Scheme: https://youtu.be/xFcCDu7JuXo→ China's Secret 10-Front War on US Just Escalated: Stolen F-35 Parts: https://youtu.be/Wy7Pvr_NvCE→ Oracle's Force Majeure Hides Larry Ellison's $165B Debt Disaster: https://youtu.be/AfaZjmHto7ISOURCES & FURTHER READINGNVIDIA's Open Agent Safety Platform• NVIDIA Debuts System Designed to Stop AI Agents Going Rogue: https://www.bloomberg.com/news/articles/2026-09-28/nvidia-debuts-system-designed-to-stop-ai-agents-from-going-awry• How NVIDIA's New Software Aims to Stop Misbehaving AI Agents: https://www.cnbc.com/2026/09/28/nvidia-releases.html• Inside NVIDIA's Open-Source Fix For Escaped AI Agents: https://www.wired.com/story/nvidias-answer-to-rogue-agents-is-an-open-source-ai-security-system/• NVIDIA's Official Case For Full-Stack Agent Governance: https://nvidianews.nvidia.com/news/open-agent-safety-platformThe Hugging Face Acquisition And AI Agent Fallout• Why NVIDIA Is Acquiring The Platform That Got Hacked: https://blogs.nvidia.com/blog/nvidia-to-acquire-hugging-face/• Australia's Health System Breach Sparks Calls For AI Accountability: https://www.theguardian.com/commentisfree/2026/sep/25/open-ai-attacked-australias-health-system-and-then-doubled-down-on-its-negligence-the-time-for-wait-and-see-is-overNVIDIA's Chip Smuggling Controversy• Inside The $160 Million Nvidia Chip Smuggling Scheme To China: https://www.cnbc.com/2025/12/31/160-million-export-controlled-nvidia-gpus-allegedly-smuggled-to-china.html• Nvidia Employee Charged In Taiwan Chip Smuggling Case: https://finance.yahoo.com/technology/ai/articles/nvidia-employee-charged-with-smuggling-advanced-chips-into-china-053111460.htmlNVIDIA's Record Stock Buyback• Why NVIDIA Just Added a Record $150 Billion Buyback: https://www.wsj.com/tech/ai/nvidia-adds-record-150-billion-to-stock-buyback-910f96a8

China's state visit to the US just wrapped with nothing to show for it. Behind the Trump-Xi meeting, though, a very different story was unfolding, one involving stolen F-35 stealth fighter parts, smuggled AI chips, rare earth rationing, and a currency network built to dodge the dollar. None of it came up publicly, and that's exactly the problem.This Good Revenue episode breaks down all ten fronts of China's shadow war against the US, and the one thing they have in common: control.CHAPTER00:00 Trump-Xi Meeting: State Visit, No Deals00:59 #10 The F-35 Problem in Hong Kong02:00 #9 China and Iran02:30 #8 What the Houthis Got02:50 #7 China's Rare Earth Minerals Squeeze04:00 #6 Trump Tariffs on China: The 40-Country Workaround04:30 #5 Shadow Fleet vs the Dollar05:00 #4 Driscoll's vs China06:30 #3 China's Economy: The Real GDP07:30 #2 Xi Jinping's Exit Bans08:30 #1 China AI and the Nvidia Chip Race09:30 US vs China: Who Controls AI?IF YOU LIKED THIS, WATCH:→ The Brutal Truth Behind Anthropic vs Nvidia AI Safety Slowdown War: https://youtu.be/V4L2nJykbFI→ Kimi K3 & China's AI Dumping Scheme Just Handed Sam Altman His Next Move: https://youtu.be/-sf_vzM0clo→ US Just Cut Off Iran's Oil Lifeline: https://youtu.be/cWBSi22gNjw→ Did China Just Steal ASML's Banned AI Chip Making Tool?: https://youtu.be/IVvBSub5Vw0→ The $3.3 Trillion Patent Scheme China Ran on the Entire Western Economy: https://youtu.be/j8eBgb4b29QSOURCES & FURTHER READINGStolen Stealth Tech And Military Fallout• How Classified F-35 Parts Ended Up In Hong Kong: https://www.bloomberg.com/news/articles/2026-09-23/china-is-holding-sensitive-f-35-parts-diverted-to-hong-kong• Congress Opens Investigation Into Missing F-35 Components: https://www.politico.com/news/2026/09/18/congress-f-35-china-investigation-01083647• Pentagon Watchdog Flags Millions In Lost F-35 Spare Parts: https://www.gao.gov/products/gao-23-106098• How Chinese Goods Are Fueling Houthi Attacks On Shipping: https://www.bloomberg.com/news/features/2026-09-23/houthi-s-war-efforts-iran-support-sustained-with-chinese-importsThe Xi-Trump Summit And Its Silences• Inside Trump's High-Stakes Summit With Xi Jinping: https://www.wsj.com/world/china/trump-kicks-off-white-house-summit-with-chinas-xi-575b06ec?mod=hp_lead_pos7• Why China's Military Aid To Iran Never Came Up: https://www.wsj.com/politics/china-iran-aid-xi-trump-summit-e6541ae8• Iran Faces New Restrictions On Flights Amid Pressure Campaign: https://www.wsj.com/world/middle-east/squeezed-at-sea-iran-faces-new-restrictions-on-its-flights-1e1af416?mod=article_inline• Satellite Targeting Support Raises Alarms Over China-Iran Ties: https://www.ft.com/content/eeef7db4-b26d-426f-896b-f7b95bb84223?syn-25a6b1a6=1China's Economic Pressure Campaign• Why China's Official Growth Numbers Don't Add Up: https://www.wsj.com/economy/xis-economy-is-failing-chinas-people-df3f9000• How China Is Helping 40 Countries Dodge US Tariffs: https://apnews.com/article/trump-white-house-china-tariffs-avoidance-5dacb82bc5a0a1d550b0ea2353ace005• White House Report Details China's Tariff Evasion Network: https://thehill.com/homenews/administration/6029126-china-tariff-evasion-white-house-report/• Rare Earth Export Curbs Signal A New Kind Of Leverage: https://www.ft.com/content/d29d769e-039c-4d11-9152-e63ccd397b32?syn-25a6b1a6=1IP Theft And The AI Divide• Inside Driscoll's Blueberry IP Battle With Chinese Growers: https://www.wsj.com/business/driscolls-berry-farms-china-competition-b0b49f04?mod=trending_now_news_2• Why The US And China Can't Agree On AI Guardrails: https://www.wsj.com/world/china/u-s-and-china-agree-ai-needs-guardrails-their-ideas-are-very-different-845415ff

Oracle just filed for force majeure on its $165 billion AI data center, and that's not a small legal maneuver, it's an admission that things aren't going to plan. The delays trace back to gas pipeline permitting, but the real story is who's exposed if this slips past 2028. Markets already sold off on the news, and the ripple effects reach a lot further than New Mexico.CHAPTERS00:00 Oracle Force Majeure Notice - Project Jupiter Payment Risk00:59 Bloom Energy Fuel Cell Delays - Permit Fight01:40 Oracle Stock Drop - Market Selloff02:05 Blue Owl Stock Decline - Private Credit Exposure02:35 Oracle Junk Bond Risk - Debt Downgrade Pressure03:15 Larry Ellison Canceled Share Sale03:55 Hyperscaler Debt Contagion - AI Infrastructure Risk04:35 Paramount Warner Bros Merger - Uncapped Interest Exposure05:00 October 1 Deadline - Settlement PressureIF YOU LIKED THIS, WATCH:→ Bonta Folds Again: Warner Bros Paramount Massive Job Cuts & Saudi Owners Ahead: https://youtu.be/8tAwGjZfmqw→ Larry Ellison's AI Debt Is Quietly Destroying the Paramount-Warner Bros Merger: https://youtu.be/uHkN8DUpn9E→ Paramount Just Gave Half of US TV to Foreign Investors: https://youtu.be/N9mbTmB3XWc→ Bad AI Loans Crater Blue Owl As Claude Code's Exposed & OpenAI Buys A Better Reputation: https://youtu.be/7wsvg4lRDXUSOURCES & FURTHER READINGOracle's Project Jupiter Fallout• Oracle Invokes Force Majeure On $165B Data Center Project: https://www.cnbc.com/2026/09/24/oracle-data-center-force-majeure.html• Inside Oracle's $165 Billion Force Majeure Decision: https://finance.yahoo.com/technology/ai/articles/oracle-declares-force-majeure-165-141331149.html• Why Oracle Is Shielding Itself With Force Majeure: https://www.reuters.com/business/oracle-cites-force-majeure-shield-itself-controversial-data-center-bloomberg-2026-09-24/Private Credit Risk And Blue Owl's Decline• Blue Owl Stock Hits One-Year Low Amid Oracle Fallout: https://finance.yahoo.com/markets/stocks/articles/bad-news-keeps-piling-blue-162527384.htmlAI Financing And Market Contagion• How AI Debt Stress Is Spreading Across Wall Street: https://www.ft.com/content/bd441859-6c94-4874-894f-9362c1703127?syn-25a6b1a6=1Paramount Skydance - Warner Brothers Discovery Merger• Paramount Warner Bros Merger Settlement Delayed: https://deadline.com/2026/09/paramount-merger-settlement-delayed-1237112835/

California's Attorney General, Rob Bonta, folds on the $111 billion Paramount Warner Bros merger — no breakup, massive job cuts ahead, and FCC clearance for 49.5% Saudi, Qatar, Abu Dhabi ownership. Larry Ellison and David Ellison take control while California keeps film quotas and workforce funds. CHAPTERS00:00 Paramount Warner Bros Merger Settlement Announced01:00 Rob Bonta vs Larry Ellison Settlement Demands Fail02:00 CNN Editorial Independence Fight in Warner Bros Deal03:00 Paramount Film Release Quota and California Jobs Promise04:30 California Workforce Fund vs Paramount Job Cuts Risk04:50 FCC Approves Saudi Qatar Abu Dhabi Ownership of CBS06:00 Larry Ellison Forces Warner Bros Discovery Deal to Close07:00 Oracle Stock Crash Crushes Ellison Warner Stake08:00 Paramount $80B Debt Junk Rating Explained08:40 Paramount California Relocation Threat and Ticking FeeIF YOU LIKED THIS, WATCH:→ Larry Ellison's AI Debt Is Quietly Destroying the Paramount-Warner Bros Merger: https://youtu.be/uHkN8DUpn9E→ Paramount Just Gave Half of US TV to Foreign Investors: https://youtu.be/N9mbTmB3XWcSOURCES & FURTHER READINGParamount-Warner Merger and Antitrust Settlement• California AG Touts Jobs Win in Paramount-Warner Antitrust Deal: https://oag.ca.gov/news/press-releases/attorney-general-bonta-announces-settlement-warner-brosparamount-litigation• CBS Ratings Slide 21% Just as Paramount Merger Closes: https://variety.com/2026/tv/news/60-minutes-season-debut-tv-ratings-drop-cbs-news-nfl-blame-1236863080/Foreign Ownership and FCC Approval• FCC Clears Saudi Arabia, UAE and Qatar to Buy Into Paramount: https://arstechnica.com/tech-policy/2026/09/fcc-lets-paramount-sell-49-5-equity-stake-to-saudi-arabia-uae-and-qatar/• US Regulators Sign Off on Foreign Stake in Paramount-Warner Deal: https://www.reuters.com/business/media-telecom/us-fcc-approves-foreign-investment-paramount-warner-merger-deal-2026-09-17/Larry Ellison's Fortune and Oracle's Struggles• Oracle Stock Plunges 50% Despite Co-CEOs' Growth Push: https://finance.yahoo.com/markets/stocks/articles/oracle-co-ceos-deliver-explosive-130535126.html• How Larry Ellison Fell From No 2 to No 8 Richest Person: https://www.forbes.com/sites/tylerroush/2026/08/15/how-larry-ellison-dropped-from-worlds-2nd-richest-to-no-8-in-just-2-months/

Kevin Warsh just delivered the Fed's first hike since 2023 into a record $6.23 diesel shock after Houthi strikes on Saudi assets.CHAPTERS00:00 Federal Reserve Raises Interest Rates First Time Since 202300:59 Kevin Warsh Won't Confirm More Rate Hikes01:30 1997 Greenspan Parallel vs Warsh Fed02:00 10-Year Treasury Yield Hits 5%02:20 August CPI Inflation Data Breakdown02:50 Diesel Prices Record High $6.23 AAA03:30 Houthi Attacks Saudi Assets Trigger Diesel Spike03:50 Middle East Ukraine Tensions Squeeze Energy04:10 EU Weighs Canada Associate Membership BidIF YOU LIKED THIS, WATCH:→ Why Oil at $100 Changes Everything as Treasury Fails to Calm Bonds: https://youtu.be/LafQKYyCTwg→ Which States Lose Most? Mark Carney's $20B Tariff War Against Trump: https://youtu.be/fsalWUIau9M→ Big Tech's Hidden $1.65 Trillion AI Debt Bomb Just Met Energy Perfect Storm: https://youtu.be/oHTWCZmQHYcSOURCES & FURTHER READINGFederal Reserve Rate Decision• Fed Approves First Rate Hike Since 2023, Signals More Ahead: https://www.cnbc.com/2026/09/16/fed-rate-decision-september-2026.html• Inside the Federal Reserve's Official Policy Resources: https://www.federalreserve.gov/• Kevin Warsh Faces Pressure From Trump Amid Inflation Fight: https://apnews.com/article/federal-reserve-warsh-trump-inflation-bab1bcb07e973bfb2dd0c3e5fbbb73b1Energy Prices And Diesel Shock• Track Real Time Diesel And Gas Price Records: https://gasprices.aaa.com/

Dario Amodei just did something wild: he got Sam Altman, Elon Musk, Demis Hassabis and Bill Gates all reacting to the same idea, that democracies need oversight over AI. But while everyone debates safety, there's a much bigger story about why Anthropic, OpenAI and SpaceX all suddenly want to slow AI spending right now — Anthropic IPO, Nvidia China Chips, and China AI leverage — and it's not what you think.CHAPTERS00:00 Amodei's AI Oversight Bombshell00:59 Amodei's Three Warnings01:57 Amodei's Proposed Fixes03:29 Critics Slam Anthropic's Motives04:02 China's Distillation Attack Report06:00 Claude Results Inside Kimi K307:07 Iran, Russia Weaponize Claude07:44 Jensen Huang's China Chip Bet09:00 Xi's US Visit Looms09:56 China's Tariff Evasion Tactics10:56 China Restricts Citizen Travel11:36 Why Labs Want To Slow Down13:33 OpenAI, Anthropic, SpaceX Cash Burn14:02 IP Theft, Rare Books Destroyed15:26 OpenAI Steals Mathematician's Work15:57 Data Center Backlash Nationwide16:44 Slowdown Could Entrench Oligopoly17:15 Models Behaving Badly, Who's Liable18:44 Meta's $1.4 Trillion WarningIF YOU LIKED THIS, WATCH:→ Kimi K3 & China's AI Dumping Scheme Just Handed Sam Altman His Next Move: https://youtu.be/-sf_vzM0clo→ Apple Just Filed the Lawsuit That Will Destroy OpenAI's IPO: https://youtu.be/T0FQ6glo8R0→ Sam Altman Fires Execs While Anthropic Preps $2T IPO: https://youtu.be/K3VfCnxZ8Zw→ US China Secret Cold War Escalates Over AI, Tariffs & More: https://youtu.be/DD3BOZPOHdA→ 51 AGs Sold Out: Zuckerberg's $18B Meta Settlement Is a Scam vs New Mexico: https://youtu.be/si8qYAjAIQESOURCES & FURTHER READINGAmodei's AI Safety Push• Inside Dario Amodei's Call To Pace The Frontier: https://darioamodei.com/post/we-must-pace-the-frontier• Why Critics Call Amodei's Slowdown Plan Too Little Too Late: https://www.theguardian.com/technology/2026/sep/13/too-little-too-late-critics-perplexed-and-suspicious-of-ai-leaders-call-for-a-slowdown• Over 1000 AI Employees Back A Frontier Pacing Statement: https://www.pacingthefrontier.com/• Amodei Explains The Exponential Risk Behind His Warning: https://www.cbsnews.com/news/anthropic-ceo-dario-amodei-on-ai-risks/• Altman, Musk And Amodei All Warn AI Is Moving Too Fast: https://www.cnbc.com/2026/09/12/anthropics-amodei-proposes-plan-to-slow-the-pace-of-advancing-ai-capabilities.html• Bill Gates Says World Governments Are Falling Behind On AI: https://www.reuters.com/world/asia-pacific/governments-worldwide-are-way-behind-ai-says-bill-gates-2026-09-15/China's Distillation Attacks On US AI Models• CISA Details Industrial Scale AI Distillation Campaigns From China: https://www.cisa.gov/news-events/cybersecurity-advisories/aa26-251a• Anthropic's Threat Report Exposes Illicit Model Distillation: https://www.anthropic.com/threat-intelligence-report-september-2026#illicit-distillation-sep-26• Iran Allegedly Used Claude To Target US Navy Warships: https://www.wsj.com/politics/national-security/anthropic-says-iran-used-its-american-ai-model-to-target-u-s-navy-warships-67583e05?mod=hp_lead_pos3• US Links Chinese Satellite Data To Deadly Iranian Strike: https://www.wsj.com/world/u-s-links-chinese-satellite-imagery-to-iranian-strike-that-killed-three-troops-ca0b4be3• Iran Confirms Military Cooperation With Russia And China: https://www.politico.eu/article/iran-abbas-araghchi-says-russia-and-china-providing-military-cooperation/US China AI And Chip Rivalry• Why US China Tensions Over AI Models Keep Escalating: https://apnews.com/article/us-china-ai-models-anthropic-trump-0f6ca61301630134607551b1dab0d632• China Reacts To Anthropic And US Pressure Over AI: https://apnews.com/article/china-anthropic-ai-us-amodei-3da458d2c078da3e60900728d59f1ae8• Xi Pitches China As BRICS AI Leader Amid US Tensions: https://www.cnbc.com/2026/09/13/china-xi-ai-tech-brics.html

Oil just blew past $100 a barrel, the Dow dropped for a fourth straight day, and 30-year Treasury yields hit their highest level since 2001. That's not a coincidence. It's a signal that the bond market is losing patience, right as the Fed's own mentor figure just called their rate stance "ridiculous."CHAPTERS00:00 Oil Surges Past $10000:59 Stocks Drop 4th Day01:39 Treasury's $6B Buyback Fails01:52 Trump's $5,000 Election Pledge02:12 30-Year Yields Hit 2001 High02:34 Druckenmiller Calls Fed Ridiculous03:00 Fed's Next Move LoomsIF YOU LIKED THIS, WATCH:→ Big Tech's Hidden $1.65 Trillion AI Debt Bomb Just Met Energy Perfect Storm: https://youtu.be/oHTWCZmQHYc→ Dubai Builds Secret Port As Iran War Rages: https://youtu.be/NOXt9AxZqS0SOURCES & FURTHER READINGMarket Selloff And Rate Pressure• Dow Falls For Fourth Day As Oil And Yields Surge: https://www.cnbc.com/2026/09/09/stock-market-today-live-updates.html• How Oil Trump And Rate Fears Are Rattling Wall Street: https://apnews.com/article/stocks-markets-oil-trump-rates-7fbc77061abd778608068d3beb1bbbaf• Live Markets Coverage As Stocks Slide On Yield Spike: https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-09-10-2026?mod=hp_lead_pos3• Inside The Bond Market's Loudest Warning In Decades: https://www.ft.com/content/083a9c4b-3913-496d-be13-22c96053624b?syn-25a6b1a6=1Inflation And Fed Policy Watch• Wholesale Inflation Rises 0.4% Ahead Of Fed Decision: https://www.cnbc.com/2026/09/10/ppi-inflation-report-august-2026.htmlTrump's $5,000 Payout And National Debt• Trump Floats $5,000 Checks If Republicans Win Election: apnews.com/article/trump-dividend-5k-5000-check-republicans-cc80644e3168acd31c892129fb849436• What The National Debt Really Means For Americans: https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/