The Current state of AI
Short thoughts on the AI Cycle - and a pivot towards the Power Cycle ☢️
The current state of the AI cycle
Chat GPT5 is a mess — frankly it gets on my last nerve
We are decades away from AGI, if ever
Industry leaders are slowly confessing that the returns from AI aren’t there
Satya is (openly) outsourcing his data centre and compute requirements, and this is why Neoclouds are “flourishing”
The Open AI divorce from Microsoft isn’t going well
Labubu Larry’s deal with Open AI seem to be failing and being mostly hype
AMD got married to Open AI — and if Open AI sinks, that will be a problem
Jensen can’t continue selling into China with the Chinese pushing back strongly
Market took note of Open AI’s move to for Data Centre buildout “backstops”..
While Sam Altman botched his last podcast interview, badly
META stock down >20% from peak with market questioning Mark’s strategy, again
The above just in brief
This is how we shorted NVDA in the Philochat and nailed the double top 👇
My last two trades on the Japanese Yen 👇
While the AI cycle could roll over and die, compute demands will still be there. Even if the compute generation part of the stack isn’t profitable, the power generation part of the stack could be very profitable.
So where will we get the energy from? 👇
