I watch markets, create content about them, and build top trading & investing tech with @merchantseven
NYC 🏃♂️SF
Joined January 2010
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Stef retweeted
you can just raise tens of millions of dollars and
>build factories
>write code
>supply america's industrial base
with your absolute boys
Stef retweeted
Anthropic S-1:
--over 11,900 customers pay $100K+ a year, up from about 950 a year earlier.
--over $130B cash. (likely over $200B post IPO)
Stef retweeted
elon popping the AI bubble after front running the Anthropic and OpenAI IPO is like watching an episode of billions and succession lol
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
Stef retweeted
Neoclouds that are able to lock in forward compute prices in derivatives markets will be able to get financing as long as they have a credible track record of execution.
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
Stef retweeted
The iPhone Duo has a chance to bring back the 2010s-era non-functional creativity that made Apple great.
▶️🔊
Stef retweeted
This might be the greatest Who he play for of all time lmao
a must watch!
please don't retire Chuck!
Stef retweeted
This paragraph from $META's inside 10-q filling may mark the official announcement that the funding environment for the AI buildout has turned the corner. (HT: Barclays' Alexander Altmann)
Stef retweeted
Wow how much does this add to storage demand
Stef retweeted
Blackstone created an AI chief investment officer, which is trained on 14 years of the PE firm’s internal deal memos and debates.
Every potential new Blackstone investment requires reading of two memos now: a deal team memo and one from AI CIO (it doesn’t have a vote, though).
Stef retweeted
Vibe coded my parents' TV this afternoon!
It was showing a sponsored ad before you could even get to Netflix.
Gave Claude Code the model number, it found the TV on wifi, removed 25 Xiaomi packages and wrote a new launcher.
Looks like an Apple TV now lol
Stef retweeted
Tesla VP of Hardware Engineering Lars Moravy explains to Hagerty how the Roadster borrows SpaceX cold gas thrusters to make 0 to 60 possible in 0.55 seconds.
Truly insane:
▫️ 200L carbon-over wrapped pressure vessel
behind seat holds nitrogen at 10,000 PSI
▫️cold gas thrusters push out 80 kN of thrust (equivalent to a single fighter jet engine)
▫️Tesla went with nitrogen because “it just seemed wrong to put fuel into a car” (air is ~80% nitrogen, fair enough)
▫️thrusters same system satellites use to move in space (eg. the “psh psh psh" from Apollo 13 film)
▫️currently takes 6 to 7 hours to refill all nitrogen but Tesla working for it to be 30 minutes
▫️uses leg actuators from Optimus robot to manage downforce on wing
***
Full 25-min episode with Henry Catchpole here: youtu.be/22rvpUecLts?si=jtwK…
Stef retweeted
BREAKING: OpenAI is warning its employees to watch out for spies, especially romantic ones, per WSJ
The company has cautioned staff that someone trying to seduce them may likely be a “honeypot."
Even strangers approaching them in everyday places could be gathering info.
