For two decades the market shrank - buybacks, fewer IPOs, companies going private. Tech giants were asset-light, and often the best use of cash was buying back their own stock.
That era ended this week. In the AI season, tech becomes asset-heavy: data centers, Nvidia chips, power plants, rockets.
Right before Fable got banned, I asked it how to make enough money in 10 days so I can afford it after June 22. It recommended a paid course about how to make money with AI.
Yes, a perfect recursive loop missing only the Stripe integration.
I decided to share it for free.
My gf and I are reading Dune aloud, taking turns. One page each. I remember reading aloud together like this as a kid and teenager, as a normal way to spend time. Today it has a countercultural Amish vibe.
The biggest short-term winner today is OpenAI.
Yesterday, I was about to cancel my Codex subscription.
Two days ago, Musk officially became a trillionaire. How much is a trillion? A million seconds is over 11 days. Can you tell how much a trillion seconds is? A year? 10 years? 100 years?
It’s almost 32,000 years.
My read of the Cursor purchase:
xAI/Grok is badly behind in AI coding. Cursor has the mindshare. SpaceX buys the attention Cursor captured - staying in the game while they catch up, and denying the territory to everyone else.
Anthropic's branding is top-tier hard sci-fi: Mythos, Project Glasswing, Dario Amodei… who writes this stuff?
Nothing summarizes the magnitude of the AI revolution better than the growing popularity of the expression 'get oneshotted.'
If a human would replace only one transistor in the processor it would make that processor 3 billion times slower*.
*A modern transistor switches on the order of once per ~0.3ns. A human flipping a switch can manage maybe one operation per second at best.
@elonmusk is right.
About the Fable 5 situation:
The most advanced technology was always controlled by government and restricted.
What's unusual is that this is the first time the masses got access to an advanced tech that was then revoked.
I've never seen anything like it in my lifetime.
