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Hello there.
Happy Friday, boys! You ready for more IPO drama, or are you still reeling from the first 7 of the year? Too bad, the charts must go up!
In this issue:
🍪 Nvidia Wants Wall Street to Bet Big on Chips
⚡️ Uncle Sam Backs the Hackers
🚀 Anthropic's IPO Could Be the Biggest Ever
🤖 Microsoft Accepts That Maybe We Don’t Want AI Clippy
🎙️ Domino’s Reinvents Pizza & The Economics of Attention
So once OpenAI and Anthropic have both IPO’d, do we finally get to declare a winner? No, this is our life now? Copy that. Well, let’s dig into it. 👇
🍪 Nvidia’s Gone Chunky on the Chips
Nvidia just announced it's teaming up with some of the biggest names in finance to raise around $500 billion for AI infrastructure. We're talking Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR. Basically, the bigs baddies of money.
Here's the thing though: that $500 billion isn't sitting in a vault somewhere waiting to be deployed. It's more like a goal. Like a really, really ambitious goal. These firms signed "memorandums of understanding," which is like saying, "we pinky promise to try and make this happen." No actual contracts or committed funds at this point. Just vibes and intentions.
The idea is to turn AI chips into something you can invest in like stocks or bonds. Nvidia wants to make GPU computing a whole new asset class, kind of like how mortgages got bundled up and sold to investors back in the day. If that comparison gives you the ick, you're not alone.
Wall Street is betting that demand for AI computing power will stay insanely high forever. And maybe it will! But there's also the chance that someone invents a cheaper, better mousetrap. Or that data center construction gets blocked by local communities who don't want massive power-sucking buildings in their backyards. Or, you know, literally anything else that nobody sees coming.
The financing plan is still light on details, like who controls what, where the money actually comes from, and how much has been raised so far. For now, it's mostly a headline. A very impressive, very large headline.
⚡️ The Tech Ticker
The US government will allow vetted private companies to launch offensive cyberattacks against international criminals for the first time.
Google is launching the Pixel Tag, its own AirTag-style item tracker that works with any Android 9.0+ phone and costs $29 when it drops Nov. 11.
X is releasing expanded open-source code for its 'For You' feed and launching transparency tools that show users how content has been suppressed.
Japanese self-driving startup Turing plans to open a US office within the next year and is targeting a potential $10 billion valuation.
Ford completed a $2 billion retooling of its Louisville Assembly Plant in under a year, prepping the 70-year-old factory to produce the Fathom in 2027.
🚀 Moonshots? Yeah, We Do That Here.
As you’ve no doubt heard, Anthropic is gearing up for what could be the largest IPO in history. They're planning to go public in September or early October, and they've been meeting with investors to build confidence ahead of the big day.
But those investor meetings haven't exactly been smooth sailing. People with money on the line are asking tough questions about cheaper Chinese AI rivals, tensions with the Trump administration, and whether all this data center construction is actually sustainable. You know, the usual stuff that keeps these billionaires up at night.
The company is currently valued at $965 billion, which makes it one of the most valuable private companies on the planet. But big valuations come with big expectations, and investors want to know if Anthropic can actually deliver.
Anthropic's leadership has been trying to calm nerves. CEO Dario Amodei has basically said "yeah Chinese AI is getting cheaper, but people still want the smartest models, and that's us." Whether investors buy that argument remains to be seen.
The whole situation shows how uncertain the AI landscape still is. Everyone knows AI is a big deal, but nobody really knows which companies will win in the long run. OpenAI's IPO got pushed to possibly next year, so Anthropic might actually beat them to the public markets. That's a flex, but also means they're the ones facing all the hard questions first.
🤖 All Eyes on AI
Microsoft is merging its consumer and business Copilot apps while killing off features like Group Chats, AI-generated podcasts, and its mascot Mico.
OpenAI is replacing chief revenue officer Denise Dresser after only 8 months, as former Wiz COO Dali Rajic steps in and the company preps for an IPO.
Amazon will now use Twitch content to train AI models with accounts opted in by default, sparking accusations of user exploitation.
Intel's $20 billion stock offering got a thumbs-up from Wall Street as the chipmaker bets big on building out their foundry capacity.
CoreWeave stock popped 14% after the AI infrastructure provider beat Wall Street expectations with revenue climbing 112% year-over-year.
🤡 Meme of the Week
🎙️ Domino’s Reinvents Pizza & The Economics of Attention
In this episode of The Best One Yet, the hosts unpack a week where Domino’s responds to changing eating habits, the New York Yankees tap private equity despite their massive valuation, and Spotify makes moves that could reshape the future of podcasting.
📻 Tune in to:
Examine why Domino’s launched its first-ever personal pizza and how the chain is adapting to a world where convenience matters more than brand loyalty.
Explore the Yankees’ surprising deal with Apollo and what it reveals about the difference between owning a valuable asset and having enough cash to operate it.
Check out Spotify’s latest platform changes, including AI-generated artist labels and ad-skipping features, and how they could transform the platform.
🎧 Listen on:
⭐️ What did you think of today's edition?
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Till next time,
— Brandon and Blake
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