Welcome to Impact Theory! Elon Musk says debt markets have nearly shut off for AI companies without outside revenue, and he predicts a wave of neocloud deaths. CoreWeave’s bonds now yield almost 16%, and Apollo’s chief economist Torsten Slok argues AI has delivered almost no financial payoff outside of tech. We dig into why big companies are stalling on AI while small ones race ahead, and whether AI or quantum computing could ever threaten Bitcoin. Then we turn to Brazil, where Lula came back from a first-round loss to win the runoff after a Supreme Court justice extended voting by two hours. Flávio Bolsonaro is refusing to concede and seeking an annulment. Next, Netanyahu reposts AI imagery of a nuclear blast over Tel Aviv on the eve of Israel’s election, France cracks down on a weekend of riots, and Ukraine strikes another major Russian refinery as Trump blames Kyiv for oil prices. We react to Trump’s viral Nicki Minaj comments at a Michigan rally, a voter attacking Abdul El-Sayed’s name, and what it all means for the midterms. After Super Chats, we break down Robert Reich’s call to nationalize SpaceX and Starlink, surging U.S. bankruptcies, Canada’s Starlink snub, and the Ethan Klein H3 infidelity fallout.Note: This episode contains opinion and commentary on developing stories, including the disputed Brazilian election, Israel’s election, the H3 allegations, and the Cornell 7 case. Views expressed are the hosts’ own, and some claims discussed remain contested or unconfirmed.What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass:  AI MasterclassFollow Me:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuTailor Brands: Check out Tailor Brands to launch your business starting at $0 + state fees: https://bit.ly/TailorBrandsSeptQuince: Free shipping and 365-day returns at https://quince.com/impactpodPipedrive: Get more leads and grow your business. Go to https://www.pipedrive.com/impact and get started with a 30-day free trial.Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.