Never has alignment w free market capitalism been more important. Ownership creates alignment. 🇺🇸🇺🇸

Dispersion alive and well in big cap tech land. Bg2 Pod

NVDA +74% YTD
Meta +22%
Google +17%
AMZN +15%
MSFT +4%
AAPL -12%
TSLA -26%
QQQ +4%
S&P +6%

$7 B of net new ARR added in the Q. IN THE QUARTER. $7B. And accelerating. 🚀

“Llama 3 is direct replacement of OpenAI - more than 10x cheaper than GPT4 - with similar performance.' Fun kicking around All Things AI w Bill Gurley & sunny madra. Catch Sunny weekly on This Week in Startups / @jason. 💥

Memory is coming to all AIs and its going to be a game changer. Memory is an essential feature of a good personal assistant, Its also the path to create switching costs for consumers. The race is on. Bg2 Pod openai.com/blog/memory-an…

Hard to believe - for about the cost of In & Out burgers w your kids you can get the data you need to dramatically reduce your risk of a sudden heart attack. And if we all do this, we will save the country hundreds of billions in emergency heart attack care. 👊🙏🏼🤍

Grt thread & good reminder that everybody over 35/40 should get a Calcium CT scan. Cholesterol doesn’t measure plaque - a CT scan does - and can save your life. 30 mins, $150 out of pocket. Google “CT scan center” - no doc referral needed.

As investors, we are thrilled $META is pressing their AI advantage, widening their moat & building the AI infra for sustained high growth. This is what great leaders do. Drive efficiency AND long term growth by doubling down on the AI that is already transforming the biz. 🚀🚀

On heels of Llama, another new model - impressive enterprise intelligence / high bang for $$. All data platforms now showing custom model capability is table stakes. Time and $$ to enterprise productization and value is where battle will now be fought. sridhar

Hard not to root for the insurgent out-hustling the big guys! The battle to be your personal AI is bigger than internet search. 🚀👊

Big Hitter - the Llama. $META

Dont think we disagree! I have shouted many times - IPO markets are wide open - there is no one size fits all - you just need the right intersection of growth, unit economics and price that make it compelling!
$100 M totally fine so long as the rest lines up. 🚀🚀

But…

Lots of $$ flowed into the semis trade last 6 months - both public and VC. Some flowing out now due to concerns over pull forward & slow PC refresh. Found this chart interesting looking at SOXX vs. the market. Turns out making the things that power the things is a darn good biz.…

Pod! 🚀👊
Spotify: spoti.fi/3xOQysK
Apple: apple.co/446I4cT
YouTube: bit.ly/4b4cpLr

“If you’re one of the few who are tempted to think we’re going to overlook conduct that violates our policies, think again.” May the spark turn into a 🔥. $GOOG finding its voice, getting fit, & re-claiming its soul will be a good thing. 🙏🏼🚀Sundar Pichai

Right to call out - hope Andy Jassy will fight efforts at regulatory capture by Anthropic or others. We need an open & robust model ecosystem - not companies running to Washington for protection. Good news is that Rep. Jay Obernolte leading House Task Force on AI won’t be fooled. 🇺🇸

This is a MUST watch. Gov’t over-reach not only slows innovation but in this case killed American jobs & handed over US consumer data to Chinese competitors. FTC acting “outside the bounds of the law” - and the results are not in our natl interests. iRobot insanity. Andy Jassy