Anthropic & OpenAI prep for their mega-AI IPOs: Anthropic and OpenAI are ramping up their preparations ahead of their planned mega-AI IPOs later this year and next respectively. Both have filed confidentially with the SEC. Anthropic, last privately...

Markets RIsk on! Consumer staple stocks are undeperforming. (allstarcharts.com) We’re nearing 24/7 stock trading. (barrons.com) Treasury bonds The 30-year Treasury bond auction came in at 5.216%, the highest level since 2001. (finance.yahoo.com)...

Today’s theme is ‘For Better or for Worse’. The vow phrase, and it always applies to our AI companies, because the biggest moves they make are commitments: made up front, with the outcomes only knowable later. Especially at today’s pace of this AI Tech...

This Sunday and Monday I went up to the macro level on the AI Compute buildout in a 2 part series: Elon’s mega AI data center supply ambitions (part 1) on Sunday, and the ‘Dwarkesh’ Compute Demand bull case (part 2) on Monday. Today, a part 3 at the...

Today’s theme: ‘Through the Roof’. And sometimes through the floor. The valuation pendulums of this AI Tech Wave. Mr. Market is swinging hard in both directions right now, sometimes in the same day, and three companies today are good case studies of the...

One of our fast growing companies in Social Leverage (Fund 4) is Ribbon.ai. Born during COVID and based in Toronto, Arsham and his partner Dave are building a very exciting AI business that is perfectly suited to the needs of all the aeropsace,...

Markets CXMT topped Tencent as China’s most valuable company. (bloomberg.com) South Korea’s stock market has bounced. (marketwatch.com) Prediction markets Don’t expect many prediction market inside traders to get prosecuted....

Books Five insights from “Don’t Be Evil: Bad Bosses, Fake Promises, and My Escape from Big Tech” by Claire Stapleton. (nextbigideaclub.com) Brett McKay talks with Ian Bogost, author of “The Small Stuff: How to Lead a More...

Good morning. Happy Friday Jr! This afternoon I’m heading to Aspen to meet with our local Sister Cities chapter. I’ve been eyeing this organization for a while. It connects Aspen to towns around the world, offering several exchange programs –...

As mentioned last week, Google’s AI bench is being re-constituted fast post recent top-level changes. Last week it was three senior changes on the same day: DeepMind Founder/CEO Demis Hassabis stepping up to chairman and chief scientist. Google...