Reposted by Philip Schmitt
How do you raise a $2B seed round in July then need another $5B by November? I don’t see how startups like this can survive in the long run given the massive capital needed to compete with FAANG on AI infrastructure.
They need multiple breakthroughs in costs considering compute and power needs.
They need multiple breakthroughs in costs considering compute and power needs.
Exclusive: Murati’s Thinking Machines Aims to Raise Up to $5 Billion
Thinking Machines Lab, the artificial intelligence developer co-founded by ex-OpenAI Chief Technology Officer Mira Murati, has been in talks with potential investors to raise between $4 billion and $5...
www.theinformation.com
November 18, 2025 at 3:44 PM
How do you raise a $2B seed round in July then need another $5B by November? I don’t see how startups like this can survive in the long run given the massive capital needed to compete with FAANG on AI infrastructure.
They need multiple breakthroughs in costs considering compute and power needs.
They need multiple breakthroughs in costs considering compute and power needs.
Reposted by Philip Schmitt
Editorial cartoon: Don't bread on me. Enjoy :)
November 6, 2025 at 8:32 PM
Editorial cartoon: Don't bread on me. Enjoy :)
Reposted by Philip Schmitt
Cursed Videotape Kills Anyone Who Swallows It Whole
October 31, 2025 at 7:00 PM
Cursed Videotape Kills Anyone Who Swallows It Whole
Reposted by Philip Schmitt
Cloudflare Workers' support for automatic tracing is now in open beta! Export traces to any OpenTelemetry-compatible provider for deeper application observability, no code changes required. https://cfl.re/4qv3Ste
Announcing Workers automatic tracing, now in open beta
cfl.re
October 28, 2025 at 1:05 PM
Cloudflare Workers' support for automatic tracing is now in open beta! Export traces to any OpenTelemetry-compatible provider for deeper application observability, no code changes required. https://cfl.re/4qv3Ste
Reposted by Philip Schmitt
OpenAI now valued at $500 B, Microsoft holds 27% ($135B) and the non-profit holds $130B in the reorganized OpenAI Group PBC.
OpenAI can raise capital more freely, partner beyond Azure, and release open-weight models; Microsoft secures model rights until 2032 and a $250B Azure purchase commitment.
OpenAI can raise capital more freely, partner beyond Azure, and release open-weight models; Microsoft secures model rights until 2032 and a $250B Azure purchase commitment.
Microsoft to Get 27% of OpenAI, Access to AI Models Until 2032
OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and cl...
www.bloomberg.com
October 28, 2025 at 2:54 PM
OpenAI now valued at $500 B, Microsoft holds 27% ($135B) and the non-profit holds $130B in the reorganized OpenAI Group PBC.
OpenAI can raise capital more freely, partner beyond Azure, and release open-weight models; Microsoft secures model rights until 2032 and a $250B Azure purchase commitment.
OpenAI can raise capital more freely, partner beyond Azure, and release open-weight models; Microsoft secures model rights until 2032 and a $250B Azure purchase commitment.
Reposted by Philip Schmitt
If you demand that people control something they can't control, then expect them to control something else. If the mandate is "No Bugs!" without any social or technical change, then expect a response like "no *reported* bugs".
October 22, 2025 at 5:13 PM
If you demand that people control something they can't control, then expect them to control something else. If the mandate is "No Bugs!" without any social or technical change, then expect a response like "no *reported* bugs".
Reposted by Philip Schmitt
“I feel like the industry…is making too big of a jump and it's trying to pretend that this [AI Coding Agents] is amazing. And it's not, it's slop! And I think they are not coming to terms with it.” - Andrej Karpathy, co-founder of OpenAI and former head of AutoPilot Vision at Tesla
October 18, 2025 at 2:24 AM
“I feel like the industry…is making too big of a jump and it's trying to pretend that this [AI Coding Agents] is amazing. And it's not, it's slop! And I think they are not coming to terms with it.” - Andrej Karpathy, co-founder of OpenAI and former head of AutoPilot Vision at Tesla
Reposted by Philip Schmitt
this is one of the best articulations of the AI bear case I've read
most of the AI companies are also massively wealthy and profitable hypercorps, but OpenAI specifically is a bomb planted at the heart of the American stock market helpfully labeled "this is a bomb"
prospect.org/power/2025-1...
most of the AI companies are also massively wealthy and profitable hypercorps, but OpenAI specifically is a bomb planted at the heart of the American stock market helpfully labeled "this is a bomb"
prospect.org/power/2025-1...
The AI Ouroboros
Nvidia and other companies are paying startups to buy their products.
prospect.org
October 15, 2025 at 2:14 PM
this is one of the best articulations of the AI bear case I've read
most of the AI companies are also massively wealthy and profitable hypercorps, but OpenAI specifically is a bomb planted at the heart of the American stock market helpfully labeled "this is a bomb"
prospect.org/power/2025-1...
most of the AI companies are also massively wealthy and profitable hypercorps, but OpenAI specifically is a bomb planted at the heart of the American stock market helpfully labeled "this is a bomb"
prospect.org/power/2025-1...
Reposted by Philip Schmitt
Given crypto bros have gotten their wish on being a regulations free zone, no federal agency is ever going to investigate this massive level of insider trading which impacted over 1.6 million crypto traders.
October 11, 2025 at 3:52 PM
Given crypto bros have gotten their wish on being a regulations free zone, no federal agency is ever going to investigate this massive level of insider trading which impacted over 1.6 million crypto traders.
Reposted by Philip Schmitt
I just saw someone use the abbreviation “AI;DR” and I’ll be laughing for a while.
October 6, 2025 at 10:00 PM
I just saw someone use the abbreviation “AI;DR” and I’ll be laughing for a while.
Reposted by Philip Schmitt
Premium newsletter: Based on my estimates and analysis, OpenAI needs one trillion dollars in the next four years to build 17GW of data centers and other commitments, with at least $500 billion needed for company operations. There is not enough capital to do this.
www.wheresyoured.at/openai-onetr...
www.wheresyoured.at/openai-onetr...
OpenAI Needs A Trillion Dollars In The Next Four Years
Shortly before publishing this newsletter, I spoke with analyst Gil Luria, Managing Director and Analyst at D.A. Davidson, and asked him whether the capital was there to build the 17 Gigawatts of capa...
www.wheresyoured.at
September 26, 2025 at 5:02 PM
Premium newsletter: Based on my estimates and analysis, OpenAI needs one trillion dollars in the next four years to build 17GW of data centers and other commitments, with at least $500 billion needed for company operations. There is not enough capital to do this.
www.wheresyoured.at/openai-onetr...
www.wheresyoured.at/openai-onetr...
Reposted by Philip Schmitt
pnpm v10.16.0 adds "minimumReleaseAge", a setting for defining how long a version has to have been published before pnpm will install it.
A nice countermeasure against accidental installs of short-lived compromised packages before they get taken down. Not a 100% fix, but a great additional step!
A nice countermeasure against accidental installs of short-lived compromised packages before they get taken down. Not a 100% fix, but a great additional step!
Release pnpm 10.16 · pnpm/pnpm
Minor Changes
There have been several incidents recently where popular packages were successfully attacked. To reduce the risk of installing a compromised version, we are introducing a new settin...
github.com
September 12, 2025 at 10:49 PM
pnpm v10.16.0 adds "minimumReleaseAge", a setting for defining how long a version has to have been published before pnpm will install it.
A nice countermeasure against accidental installs of short-lived compromised packages before they get taken down. Not a 100% fix, but a great additional step!
A nice countermeasure against accidental installs of short-lived compromised packages before they get taken down. Not a 100% fix, but a great additional step!
Reposted by Philip Schmitt
OpenAI just told investors it now expects to spend $115B before breaking even by 2029, up from $35B.
The jump comes from soaring AI training costs and competition for AI talent. $20B will be set aside for stock-based compensation alone this decade.
Welcome to the AI talent wars.
The jump comes from soaring AI training costs and competition for AI talent. $20B will be set aside for stock-based compensation alone this decade.
Welcome to the AI talent wars.
OpenAI has reportedly misjudged its cash burn by $80 billion
The high-stakes AI bet keeps getting bigger: OpenAI has raised its spending forecast to $115B by 2029, more than tripling its previous estimate. The company also expects revenue to climb along with it...
the-decoder.com
September 6, 2025 at 8:16 PM
OpenAI just told investors it now expects to spend $115B before breaking even by 2029, up from $35B.
The jump comes from soaring AI training costs and competition for AI talent. $20B will be set aside for stock-based compensation alone this decade.
Welcome to the AI talent wars.
The jump comes from soaring AI training costs and competition for AI talent. $20B will be set aside for stock-based compensation alone this decade.
Welcome to the AI talent wars.
Reposted by Philip Schmitt
Reposted by Philip Schmitt
Lovable is now one of the world’s fastest growing startups. The vibe coding platform has hit $100M ARR within 8 months of being founded. It has 2.3M users and 180K paying subscribers.
People use it to build everything from internal dashboards and prototypes to fully functional apps and websites.
People use it to build everything from internal dashboards and prototypes to fully functional apps and websites.
Eight months in, Swedish unicorn Lovable crosses the $100M ARR milestone | TechCrunch
Less than a week after becoming Europe’s latest unicorn, Swedish vibe coding startup Lovable has now crossed the $100 million annual recurring revenue mark.
techcrunch.com
July 24, 2025 at 8:26 AM
Lovable is now one of the world’s fastest growing startups. The vibe coding platform has hit $100M ARR within 8 months of being founded. It has 2.3M users and 180K paying subscribers.
People use it to build everything from internal dashboards and prototypes to fully functional apps and websites.
People use it to build everything from internal dashboards and prototypes to fully functional apps and websites.
Reposted by Philip Schmitt
Hey friends! I did a TEDx talk and it's now up on the TED Conferences YouTube. It's possibly the best and most important talk I've ever done.
I would ask that you watch it, and please SHARE it broadly and widely. Thank you! youtu.be/dVG8W-0p6vg #AI #Tech #TED
I would ask that you watch it, and please SHARE it broadly and widely. Thank you! youtu.be/dVG8W-0p6vg #AI #Tech #TED
Tech Promised Everything. Did it deliver? | Scott Hanselman | TEDxPortland
YouTube video by TEDx Talks
youtu.be
July 17, 2025 at 5:37 PM
Hey friends! I did a TEDx talk and it's now up on the TED Conferences YouTube. It's possibly the best and most important talk I've ever done.
I would ask that you watch it, and please SHARE it broadly and widely. Thank you! youtu.be/dVG8W-0p6vg #AI #Tech #TED
I would ask that you watch it, and please SHARE it broadly and widely. Thank you! youtu.be/dVG8W-0p6vg #AI #Tech #TED
Reposted by Philip Schmitt
This is still quite nuts to me. The Claude Code leadership team joined Cursor, essentially their biggest competition, for two weeks then went back to Anthropic.
I bet people at Cursor are punching walls rn.
I bet people at Cursor are punching walls rn.
July 17, 2025 at 1:14 AM
This is still quite nuts to me. The Claude Code leadership team joined Cursor, essentially their biggest competition, for two weeks then went back to Anthropic.
I bet people at Cursor are punching walls rn.
I bet people at Cursor are punching walls rn.
Reposted by Philip Schmitt
Funny how we force engineers to write ADRs for every trade‑off, yet billion‑dollar strategic bets live in hallway whispers and fluffy slide decks.
What if we treated business decisions like architecture? Context, options, trade‑offs, metrics, all in a repo, version‑controlled and reviewed?
What if we treated business decisions like architecture? Context, options, trade‑offs, metrics, all in a repo, version‑controlled and reviewed?
July 17, 2025 at 3:35 AM
Funny how we force engineers to write ADRs for every trade‑off, yet billion‑dollar strategic bets live in hallway whispers and fluffy slide decks.
What if we treated business decisions like architecture? Context, options, trade‑offs, metrics, all in a repo, version‑controlled and reviewed?
What if we treated business decisions like architecture? Context, options, trade‑offs, metrics, all in a repo, version‑controlled and reviewed?
Reposted by Philip Schmitt
Microsoft president Brad Smith acknowledged that the four rounds of layoffs this year are more about using the money saved to fund AI data centers and GPUs than workers being replaced by AI.
I think this is important for the media to get right versus making it seem like ChatGPT can replace a human.
I think this is important for the media to get right versus making it seem like ChatGPT can replace a human.
July 13, 2025 at 11:29 PM
Microsoft president Brad Smith acknowledged that the four rounds of layoffs this year are more about using the money saved to fund AI data centers and GPUs than workers being replaced by AI.
I think this is important for the media to get right versus making it seem like ChatGPT can replace a human.
I think this is important for the media to get right versus making it seem like ChatGPT can replace a human.
Reposted by Philip Schmitt
Scoop: OpenAI's Windsurf deal is off. The startup's CEO, co-founder & some R&D team members are all going to Google DeepMind to support its AI efforts and work on Gemini.
www.theverge.com/openai/70599...
www.theverge.com/openai/70599...
OpenAI’s Windsurf deal is off — and its CEO is going to Google
Key researchers from the AI coding startup are also heading to Google.
www.theverge.com
July 11, 2025 at 9:27 PM
Scoop: OpenAI's Windsurf deal is off. The startup's CEO, co-founder & some R&D team members are all going to Google DeepMind to support its AI efforts and work on Gemini.
www.theverge.com/openai/70599...
www.theverge.com/openai/70599...
Reposted by Philip Schmitt
This piece is one of the first real insights into the actual costs of generative AI, and they're *bad*, *really bad*. This piece is the result of hours of research and calculates that Anthropic loses money on every Claude Code subscriber in every single case I could find. It's stunning.
Premium newsletter: Based on user data and their leaked gross profit margins, I believe that Anthropic's most popular product, Claude Code, is haemorraging money on every user, with some costing the company hundreds - even thousands - of dollars in a few days.
www.wheresyoured.at/anthropic-is...
www.wheresyoured.at/anthropic-is...
Anthropic Is Bleeding Out
Hello premium customers! Feel free to get in touch at ez@betteroffline.com if you're ever feeling chatty. And if you're not one yet, please subscribe and support my independent brain madness.
Also, t...
www.wheresyoured.at
July 11, 2025 at 4:53 PM
This piece is one of the first real insights into the actual costs of generative AI, and they're *bad*, *really bad*. This piece is the result of hours of research and calculates that Anthropic loses money on every Claude Code subscriber in every single case I could find. It's stunning.
Reposted by Philip Schmitt
Reposted by Philip Schmitt
If you load this page it contacts 82 IP addresses executing 256 separate HTTP transactions to download 18MB of data writing 64 cookies to your device to tell you “no”
May 24, 2025 at 10:37 AM
If you load this page it contacts 82 IP addresses executing 256 separate HTTP transactions to download 18MB of data writing 64 cookies to your device to tell you “no”
Reposted by Philip Schmitt
Generative AI, like the internet and smartphones before it, won’t just change work or entertainment, it will reshape society.
No one foresaw Trump rising through social media or how phones would rewire culture. AI will spark shifts just as deep and just as unpredictable.
How should we prepare?
No one foresaw Trump rising through social media or how phones would rewire culture. AI will spark shifts just as deep and just as unpredictable.
How should we prepare?
May 24, 2025 at 1:49 PM
Generative AI, like the internet and smartphones before it, won’t just change work or entertainment, it will reshape society.
No one foresaw Trump rising through social media or how phones would rewire culture. AI will spark shifts just as deep and just as unpredictable.
How should we prepare?
No one foresaw Trump rising through social media or how phones would rewire culture. AI will spark shifts just as deep and just as unpredictable.
How should we prepare?
Reposted by Philip Schmitt
