💬New Philochat
AI
OpenAI ARR expectations were proven excessive, with the market getting a cold shower of downward revisions.
Meanwhile, Anthropic is said to IPO within the next month.
Firmus has cancelled its IPO as investors have pushed back on their A$44 billion valuation. We've explained ad nauseam how this whole process relies on high equity valuations to continue going.
There is no shock here, we focused on the Neoclouds and their method of financing in our past work.
Refer to Central Bank of NVDA Part 1 and 2 for more on this.
--> Currently working on Part 3: "Jensen's Last Hurrah".
Rates & Bonds
The 10-year at 5.2, down from a high of 5.36 but up since the last Philochat where we warned about this.
Read Your Money is No Longer Triple A, as a sequel to Bessent's Detox, here.
Ponzi Things
"A lot of investors have no idea what they are investing in", said Broadcom's CEO over the weekend.
We published this two weeks ago on all those layers..🔮
P.S. Memory
The publication dates of our memory-related pieces, annotated on the KOSPI chart here.
BRASIL!
Govvies and stocks both performing well after Bolsonaro's clear lead in the first round of the election. I don't think it will stay that way...
Philo's Academy
Announcing two new modules in the course:
-Investing in the age of AI
-Investing using AI technology
