Short list of potential buyers who could get through regulatory, with so few strategies, more likely a PE/consortium type buyer. Nothing to stop a buyer from splitting up design and manufacturing post acquisition, very different business models that ultimately require a different profile investor.

I draw three conclusions: AGI is not near, AGI will be difficult to define/prove, and OpenAI has lost its first mover advantage. + another point for my view that frontier models will likely only exist under vertically integrated mega-caps.

Greenfield opportunity under Bluesky

Is this a sign that vertical integration is the only viable path for frontier models? Economics may argue that way over the long term

It’s a shame, he was the right person for the job. I believe the best path forward is to break Intel into design and manufacturing, and merge each with strong partners. I like $MRVL for the design side of the house, and don’t see any fit but $GF for manufacturing.

Anyone trust regulators to get this right?

1. AI for RFIs, a pragmatic answer to the FOMO/FUD driven vendor participation in reports that don’t really matter

2. Reordering of the analyst firm hierarchy (Gartner will of course stay on top, but below that, a lot of disruption of status quo and challenging of conventional wisdom)

Really good read on one of the more ambitious projects in the technology sector today. Hard not to root for Rapidus to succeed, as it would be a positive for the industry.

What’s old is new again

Feels like we are nearing the end of the first quarter in a 20 year transition away from x86