Capital is now fleeing legacy SaaS and Fintech to fuel the next round of AI insanity at companies like Anthropic, where valuations remain decoupled from gravity.
Source 18/18
Source 18/18
January 25, 2026 at 1:02 AM
Capital is now fleeing legacy SaaS and Fintech to fuel the next round of AI insanity at companies like Anthropic, where valuations remain decoupled from gravity.
Source 18/18
Source 18/18
Late-stage investors are taking a massive hit while founders secure a soft landing, proving that many "paper decacorns" were just highly subsidized marketing experiments. 17/18
January 25, 2026 at 1:02 AM
Late-stage investors are taking a massive hit while founders secure a soft landing, proving that many "paper decacorns" were just highly subsidized marketing experiments. 17/18
.
Source
Finance
1. The Brex Fire Sale: A Controlled Demolition of the 2021 Bubble
Brex's $5.15 billion sale to Capital One represents a 60% haircut from its peak valuation, marking a definitive end to the "growth at all costs" fintech era.
My Take: This is a controlled demolition. 16/18
Source
Finance
1. The Brex Fire Sale: A Controlled Demolition of the 2021 Bubble
Brex's $5.15 billion sale to Capital One represents a 60% haircut from its peak valuation, marking a definitive end to the "growth at all costs" fintech era.
My Take: This is a controlled demolition. 16/18
January 25, 2026 at 1:02 AM
.
Source
Finance
1. The Brex Fire Sale: A Controlled Demolition of the 2021 Bubble
Brex's $5.15 billion sale to Capital One represents a 60% haircut from its peak valuation, marking a definitive end to the "growth at all costs" fintech era.
My Take: This is a controlled demolition. 16/18
Source
Finance
1. The Brex Fire Sale: A Controlled Demolition of the 2021 Bubble
Brex's $5.15 billion sale to Capital One represents a 60% haircut from its peak valuation, marking a definitive end to the "growth at all costs" fintech era.
My Take: This is a controlled demolition. 16/18
The challenge isn't the ads themselves, but the inevitable corruption of "agentic trust"—if an AI recommends a product, users will never know if it's the best choice or simply the highest bidder. This move signals that the era of "pure" AI utility is over; we have entered the extraction phase 15/18
January 25, 2026 at 1:02 AM
The challenge isn't the ads themselves, but the inevitable corruption of "agentic trust"—if an AI recommends a product, users will never know if it's the best choice or simply the highest bidder. This move signals that the era of "pure" AI utility is over; we have entered the extraction phase 15/18
ChatGPT Ads: The Corruption of Agentic Trust
OpenAI is officially integrating ads into ChatGPT to offset massive compute costs and diversify revenue beyond subscriptions.
My Take: OpenAI is retracing Google's path, but with a significantly more invasive interface. 14/18
OpenAI is officially integrating ads into ChatGPT to offset massive compute costs and diversify revenue beyond subscriptions.
My Take: OpenAI is retracing Google's path, but with a significantly more invasive interface. 14/18
January 25, 2026 at 1:02 AM
ChatGPT Ads: The Corruption of Agentic Trust
OpenAI is officially integrating ads into ChatGPT to offset massive compute costs and diversify revenue beyond subscriptions.
My Take: OpenAI is retracing Google's path, but with a significantly more invasive interface. 14/18
OpenAI is officially integrating ads into ChatGPT to offset massive compute costs and diversify revenue beyond subscriptions.
My Take: OpenAI is retracing Google's path, but with a significantly more invasive interface. 14/18
Expect a messy cultural integration that tests whether Netflix’s data-driven machine can survive the bloated bureaucracy of a traditional Hollywood studio.
Source
3. 13/18
Source
3. 13/18
January 25, 2026 at 1:02 AM
Expect a messy cultural integration that tests whether Netflix’s data-driven machine can survive the bloated bureaucracy of a traditional Hollywood studio.
Source
3. 13/18
Source
3. 13/18
My Take: This is a white flag on the "pure-play streaming" dream. By eyeing WBD, Netflix admits that library depth and legacy IP are the only ways to survive the churn wars of a saturated market. 12/18
January 25, 2026 at 1:02 AM
My Take: This is a white flag on the "pure-play streaming" dream. By eyeing WBD, Netflix admits that library depth and legacy IP are the only ways to survive the churn wars of a saturated market. 12/18
paid to TSMC will eventually choke off the margins of every software layer above it.
Source
2. Netflix’s M&A Pivot: The Death of Organic Growth
Netflix is reportedly abandoning its long-standing "build, don't buy" mantra to explore an acquisition of Warner Bros. Discovery. 11/18
Source
2. Netflix’s M&A Pivot: The Death of Organic Growth
Netflix is reportedly abandoning its long-standing "build, don't buy" mantra to explore an acquisition of Warner Bros. Discovery. 11/18
January 25, 2026 at 1:02 AM
paid to TSMC will eventually choke off the margins of every software layer above it.
Source
2. Netflix’s M&A Pivot: The Death of Organic Growth
Netflix is reportedly abandoning its long-standing "build, don't buy" mantra to explore an acquisition of Warner Bros. Discovery. 11/18
Source
2. Netflix’s M&A Pivot: The Death of Organic Growth
Netflix is reportedly abandoning its long-standing "build, don't buy" mantra to explore an acquisition of Warner Bros. Discovery. 11/18
My Take: We are currently living in a "Silicon Monarchy" where global AI progress is metered by a single company's CAPEX decisions. The geopolitical risk is the obvious headline, but the economic risk is more dangerous: if Samsung or Intel cannot provide a credible alternative, the "AI tax" 10/18
January 25, 2026 at 1:02 AM
My Take: We are currently living in a "Silicon Monarchy" where global AI progress is metered by a single company's CAPEX decisions. The geopolitical risk is the obvious headline, but the economic risk is more dangerous: if Samsung or Intel cannot provide a credible alternative, the "AI tax" 10/18
The TSMC Brake: AI’s Physical Ceiling
TSMC’s capacity constraints are creating a structural bottleneck for the AI industry, highlighting a desperate need for viable foundry competition. 9/18
TSMC’s capacity constraints are creating a structural bottleneck for the AI industry, highlighting a desperate need for viable foundry competition. 9/18
January 25, 2026 at 1:02 AM
The TSMC Brake: AI’s Physical Ceiling
TSMC’s capacity constraints are creating a structural bottleneck for the AI industry, highlighting a desperate need for viable foundry competition. 9/18
TSMC’s capacity constraints are creating a structural bottleneck for the AI industry, highlighting a desperate need for viable foundry competition. 9/18
For anyone building AI-scale infrastructure, the lesson is clear: design for the day your metadata becomes larger and more difficult to manage than your actual data.
Source
Business
1. 8/18
Source
Business
1. 8/18
January 25, 2026 at 1:02 AM
For anyone building AI-scale infrastructure, the lesson is clear: design for the day your metadata becomes larger and more difficult to manage than your actual data.
Source
Business
1. 8/18
Source
Business
1. 8/18
My Take: S3 is the ultimate proof that "simple" interfaces require infinite underlying complexity. The transition from monolithic indexing to microservices shows that even the most successful architectures eventually buckle under their own weight. 7/18
January 25, 2026 at 1:02 AM
My Take: S3 is the ultimate proof that "simple" interfaces require infinite underlying complexity. The transition from monolithic indexing to microservices shows that even the most successful architectures eventually buckle under their own weight. 7/18
S3 Architecture: The Infinite Complexity of Simple Interfaces
AWS S3's evolution from a simple storage service to a system handling trillions of objects relies on sophisticated sharding and moving from monolithic indexing to microservices. 6/18
AWS S3's evolution from a simple storage service to a system handling trillions of objects relies on sophisticated sharding and moving from monolithic indexing to microservices. 6/18
January 25, 2026 at 1:02 AM
S3 Architecture: The Infinite Complexity of Simple Interfaces
AWS S3's evolution from a simple storage service to a system handling trillions of objects relies on sophisticated sharding and moving from monolithic indexing to microservices. 6/18
AWS S3's evolution from a simple storage service to a system handling trillions of objects relies on sophisticated sharding and moving from monolithic indexing to microservices. 6/18
If you aren't using LLMs to replace your own micro-SaaS dependencies and internal tooling, you are voluntarily paying a "complexity tax" that your competitors will soon optimize away.
Source
3. 5/18
Source
3. 5/18
January 25, 2026 at 1:02 AM
If you aren't using LLMs to replace your own micro-SaaS dependencies and internal tooling, you are voluntarily paying a "complexity tax" that your competitors will soon optimize away.
Source
3. 5/18
Source
3. 5/18
senior leadership at firms like Microsoft becoming the heaviest users.
My Take: This is the beginning of the "post-syntax" era of engineering. Senior engineers are becoming orchestrators of agents, while the entry-level "code monkey" role is effectively being liquidated. 4/18
My Take: This is the beginning of the "post-syntax" era of engineering. Senior engineers are becoming orchestrators of agents, while the entry-level "code monkey" role is effectively being liquidated. 4/18
January 25, 2026 at 1:02 AM
senior leadership at firms like Microsoft becoming the heaviest users.
My Take: This is the beginning of the "post-syntax" era of engineering. Senior engineers are becoming orchestrators of agents, while the entry-level "code monkey" role is effectively being liquidated. 4/18
My Take: This is the beginning of the "post-syntax" era of engineering. Senior engineers are becoming orchestrators of agents, while the entry-level "code monkey" role is effectively being liquidated. 4/18
The real moat in AI isn't the weights; it's the proprietary test suite that defines what "good" looks like for a specific use case.
Source
2. The Post-Syntax Era: Senior Engineers as AI Orchestrators
AI agents are shifting software engineering from manual coding to high-level planning, with 3/18
Source
2. The Post-Syntax Era: Senior Engineers as AI Orchestrators
AI agents are shifting software engineering from manual coding to high-level planning, with 3/18
January 25, 2026 at 1:02 AM
The real moat in AI isn't the weights; it's the proprietary test suite that defines what "good" looks like for a specific use case.
Source
2. The Post-Syntax Era: Senior Engineers as AI Orchestrators
AI agents are shifting software engineering from manual coding to high-level planning, with 3/18
Source
2. The Post-Syntax Era: Senior Engineers as AI Orchestrators
AI agents are shifting software engineering from manual coding to high-level planning, with 3/18
My Take: Fine-tuning has become a form of "procrastination via engineering." Most founders obsess over model weights because it feels like traditional building, but without a robust evaluation harness, they are just flying blind in a high-dimensional space. 2/18
January 25, 2026 at 1:02 AM
My Take: Fine-tuning has become a form of "procrastination via engineering." Most founders obsess over model weights because it feels like traditional building, but without a robust evaluation harness, they are just flying blind in a high-dimensional space. 2/18
Investors should ignore the mining juniors and watch the infrastructure players who will be paid by governments to build the ports and power grids required to make these reserves viable.
Source 17/17
Source 17/17
January 22, 2026 at 1:02 AM
Investors should ignore the mining juniors and watch the infrastructure players who will be paid by governments to build the ports and power grids required to make these reserves viable.
Source 17/17
Source 17/17
The astronomical cost of Arctic extraction means these minerals will remain in the ground as long as global trade remains even slightly functional. The real signal here isn't the raw tonnage, but the strategic shift of the US and its allies toward "friend-shoring" resources at any cost. 16/17
January 22, 2026 at 1:02 AM
The astronomical cost of Arctic extraction means these minerals will remain in the ground as long as global trade remains even slightly functional. The real signal here isn't the raw tonnage, but the strategic shift of the US and its allies toward "friend-shoring" resources at any cost. 16/17
5 million metric tons of rare earth reserves, positioning it as a critical hedge against China’s supply chain dominance.
Greenland is not a mining play; it is a long-dated call option on Western supply chain security. 15/17
Greenland is not a mining play; it is a long-dated call option on Western supply chain security. 15/17
January 22, 2026 at 1:02 AM
5 million metric tons of rare earth reserves, positioning it as a critical hedge against China’s supply chain dominance.
Greenland is not a mining play; it is a long-dated call option on Western supply chain security. 15/17
Greenland is not a mining play; it is a long-dated call option on Western supply chain security. 15/17
Expect "Sovereign AI" initiatives to pivot aggressively from software subsidies to massive, state-sponsored hardware infrastructure.
Source
Finance
1. Greenland’s Rare Earths as a Geopolitical Insurance Policy
Greenland holds 1. 14/17
Source
Finance
1. Greenland’s Rare Earths as a Geopolitical Insurance Policy
Greenland holds 1. 14/17
January 22, 2026 at 1:02 AM
Expect "Sovereign AI" initiatives to pivot aggressively from software subsidies to massive, state-sponsored hardware infrastructure.
Source
Finance
1. Greenland’s Rare Earths as a Geopolitical Insurance Policy
Greenland holds 1. 14/17
Source
Finance
1. Greenland’s Rare Earths as a Geopolitical Insurance Policy
Greenland holds 1. 14/17
We are entering a phase where the primary constraint on AI isn't algorithmic brilliance or data availability, but the physical limits of a single company's cleanrooms. 13/17
January 22, 2026 at 1:02 AM
We are entering a phase where the primary constraint on AI isn't algorithmic brilliance or data availability, but the physical limits of a single company's cleanrooms. 13/17
TSMC’s "underinvestment" is less a tactical error and more a strategic use of scarcity to maintain peak margins. The industry's hope for Intel or Samsung to provide a "vent" for this pressure is currently a pipe dream given their persistent yield issues. 12/17
January 22, 2026 at 1:02 AM
TSMC’s "underinvestment" is less a tactical error and more a strategic use of scarcity to maintain peak margins. The industry's hope for Intel or Samsung to provide a "vent" for this pressure is currently a pipe dream given their persistent yield issues. 12/17
The TSMC Bottleneck: AI’s Growth is a Hostage Situation
TSMC’s capacity constraints are creating a "brake" on the AI industry, highlighting the desperate need for foundry competition. 11/17
TSMC’s capacity constraints are creating a "brake" on the AI industry, highlighting the desperate need for foundry competition. 11/17
January 22, 2026 at 1:02 AM
The TSMC Bottleneck: AI’s Growth is a Hostage Situation
TSMC’s capacity constraints are creating a "brake" on the AI industry, highlighting the desperate need for foundry competition. 11/17
TSMC’s capacity constraints are creating a "brake" on the AI industry, highlighting the desperate need for foundry competition. 11/17